August 22, 2005
Coudert, RIP (3)
After the weekend's hiatus, this morning we have a round-up of Coudert post-mortems. Astonishingly, and unforgivably, The New York Times has yet to take note. Unless they're saving up their ammo for a behind-the-scenes feature, the reaction can only be: What up?!?
The Financial Times, always a favorite (think The Wall Street Journal with cheek), observes drily that "the firm's recent history makes poor reading."
The Lawyer comes to bat with no less than two stories and an editorial. First it tallies up who's probably going where, from which offices, as well as providing a timeline of low points over the past five years and describing the final three-and-a-half hour partnership conference call, in the words of one there, as "sad and gloomy."
But I have indeed saved for last the best, or at least the most scathing (bordering on vituperative—Coudert fans, you have been warned): Caitlin Griffith's roundhouse punch at the woebegone firm:
- "couldn't bear very much reality;"
- "high farce;"
- "euphemism after euphemism;"
- "Come off it! 'Strengths of the firm?'"
The woes clearly go back a decade or more, and unless one can excavate lessons from Coudert's grave, one can only observe with sadness and gloom.
Posted by Bruce at August 22, 2005 9:35 AM | TrackBackPosted to Cultural Considerations | Finance | Globalization | Leadership | M&A | Strategy Printer-friendly version
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
"Adam Smith, Esq. is, and will remain, the definitive
voice on law firm strategy."
—David
Jabbari, Global Head of Know-How, Allen & Overy
"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm
“Constantly stunning.’—Managing Partner
"I read three things: The Wall Street Journal, The Economist,
and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm
“You have a fascinating niche which you cover ever so much better than
does the conventional legal press.”
—Walter Olson of Overlawyered
“Required reading: Amazing.”—Venture Capitalist
"You're the brand name in law firm economics. There is no one out
there—repeat, no one—who covers this business better, or thinks about
it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm
Business Pundit
CorporateCounsel.Net Blog
Conglomerate
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.
This weblog is licensed under a Creative Commons License.