It’s always sad watching law firms implode, particularly when they have a storied history. But the demise of law firms is very much a part of the legal landscape, every bit as much as the success stories of firms achieving stunning growth. Looking at why firms fall apart can offer lessons to other law firm leaders that are just as valuable as tips on how to grow your firm.

Take 85-year-old New Jersey firm Budd Larner, which is expected to shutter within the next few months. Christine Simmons and David Gialanella broke the story for the New Jersey Law Journal last week.

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