From the September issue: A few years ago, law firms were cutting their payrolls and scrambling to refocus their practices on bankruptcies and restructuring.
Indeed, the real estate law industry suffered through several years of volatility in the aftermath of the 2008 financial crisis, when deals came to a near-standstill.
And there were casualties. In 2012, the law firm Dewey & LeBoeuf filed for bankruptcy, then shuttered, sending its real estate lawyers to rival firms across the city. [more]