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climbing out of debt (Photo: Elnur, Shutterstock.com)

recent examination of major law firm failures showed how expansion and revenue gains can sometimes mask the struggles of law firms saddled by massive debt. Eventually, the debt load becomes too heavy, choking off growth and hastening collapse.

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Lizzy McLellan

Lizzy McLellan is a senior editor on ALM's business of law desk. Contact her at [email protected] On Twitter: @LizzyMcLell

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