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Latham & Watkins was the go-to firm during the junk-bond boom of the late '80s. But the '90s found the firm in a death spiral. Something had to change, and it did. Fast-forward to 2003: Revenues have tripled and profits per partner have doubled. Behind Latham's success are partners who dug in as the firm faced disaster. And within that story may be a lesson for firms facing tough decisions about how to survive a dismal economy.
June 04, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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