Monday, March 9, 2015

What makes a law firm fail?

U of California Hastings Law Dean Frank Wu did a study on why law firms fail. It has nothing to do with the academics of the lawyers involved.

What is remarkable, he says, is that many failed firms were made up of superlative “lawyer’s lawyers” with excellent credentials and envied clients. Observers wonder how a law firm made up of the best lawyers can fail.

“And that makes my argument,” Wu writes. “Smart people overestimate the importance of being a smart person. To be the best lawyer, or the best collection of lawyers, is not enough; it doesn’t even guarantee you stay in the game.

Article here (via ABA journal). 

In other words, you don't have to be "smart" in the measured, academic way to be successful at the legal profession.

No comments:

Post a Comment