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Law Practice

Apr. 11, 2014

In wake of firm failures, leaders mull transparency's benefits

Bucking a trend of secrecy when it comes to finances, firms are increasingly taking a proactive approach to disclosure. Some credit the shift to the recent bankruptcies of Dewey & LeBoeuf and others.


By Kylie Reynolds


Daily Journal Staff Writer


One of the perks of being private partnerships is that law firms can stay tight-lipped about their finances - and traditionally, they have. But if this year has been any indication, some law firms are beginning to talk more openly about money. From Patton Boggs LLP to Bingham McCutchen LLP, leaders at some of the largest law firms in the country have offered insight into their financial nuts and bolts, which ...

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