The line between bad strategy and a law firm collapse is as thin as a noose. Yet law firms practise bad strategy on a regular basis. Take heed from the lessons of a very public breakdown.
A client recently gave me a copy of Norman Bacal’s book “Breakdown, the Inside Story of the Rise and Fall of Heenan Blaikie”. I was familiar with the story, having lived through it as a horrified observer in 2013. I also met Norm a few years ago when we were both speakers at the same conference in Toronto: him on how a firm implodes, . . . [more]