How LeClairRyan’s Grand Plans Unravelled
LeClairRyan's collapse was years in the making. Sources say the firm overpaid some lawyers, created guaranteed contracts, let overhead expenses grow and made other questionable strategic decisions.
Looking back, defections from LeClairRyan in the past two years were a sure sign of the firm’s future, or lack thereof. But the seeds of the firm’s eventual downfall were planted years before that, in the expansion and compensation decisions during its best years.
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