Howrey to dissolve Forum

Wholigan · Post by **Wholigan** » Thu Mar 10, 2011 4:01 pm

http://amlawdaily.typepad.com/amlawdail ... -vote.html

No big shocker, but it's official.

Kohinoor · Post by **Kohinoor** » Thu Mar 10, 2011 5:26 pm

Wholigan wrote:http://amlawdaily.typepad.com/amlawdail ... -vote.html

No big shocker, but it's official.

Missed a clutch opportunity for 'Howrey going to dissolve'

Grizz · Post by **Grizz** » Thu Mar 10, 2011 5:29 pm

Howrey gonna keep this meme going?

truevines · Post by **truevines** » Thu Mar 10, 2011 5:43 pm

And it came to our 2010 OCIP.
I hope my friends who were headed for Howrey this summer could find alternatives.

rose711 · Post by **rose711** » Fri Mar 11, 2011 5:35 pm

Ruyak attributed Howrey's problems in part to an over reliance on contingency fees and the outsourcing of discovery work to third-party vendors.

I have heard different explanations of why Howrey fell apart. Most of them focus on over rapid expansion, too much expensive office space (maybe same as the first one) and conflicts preventing some of the acquired european offices from taking on clients they wanted to have.

I do wonder about the outsourcing of doc review as a partial reason a biglaw firm collapses.
Once doc review moved to India, the firm couldn't charge as much and couldn't keep its cash flow? Does that make sense? Is this just an excuse for the real problem of terrible leadership at the top of the firm (which I think it is) or could this income issue be something all biglaw firms have to address?

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