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Legal industry experts are also questioning whether Mr. Davis's rabid growth strategy was in the best interests of the firm.
Legal industry experts expect Dewey and its former partners to be mired in bankruptcy-related litigation for years.
What happened to the legal industry?
Cravath's announcement surprised some competitors and legal industry experts.
Yet the legal industry itself has been confronting great pressures.
Dewey's demise this year sent shock waves through the legal industry.
Freshfields has not been immune to broader problems affecting the legal industry.
These firms are sticking to their old-school ways amid profound changes in the legal industry.
For many in the legal industry, Dewey's turmoil is a sobering lesson on unchecked ambitions.
To make matters worse, competition is increasing.Britain's legal industry was once tightly regulated.
The involvement of private equity firms in the legal industry is not new.
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