Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Mention the collapse of Andersen to a lawyer and the reaction will typically be a mixture of shock, amazement and fear – plus a touch, perhaps, of a sense that “there but for the grace of God”. Many lessons can be drawn from this unfortunate episode, not least that a professional firm’s reputation, one of its most valuable, albeit intangible, assets, can be a fragile thing, vulnerable to harm. Andersen’s professional reputation, carefully and expensively established over a number of years, was destroyed virtually overnight as a result of the actions of people within the firm or by clients that have indulged in irregular activity.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.


  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651


Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.