Sedgwick’s bankruptcy has underscored some of the collateral consequences of a law firm’s dissolution, especially for general counsel who suddenly have to deal with their outside legal team being scattered to the four winds.
“It’s in the best case somewhat disruptive and in the worst case extraordinarily disruptive to the lawyers and their clients,” said Roger Hayse, a Dallas-based consultant at Hayse LLC. Law firms turn to Hayse and his firm when they’re facing a difficult transition, such as dissolution, which has been happening a lot in recent years.
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