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Alternative Dispute Resolution

May 12, 2012

Taking a hard look at law firm debt

As Dewey & LeBoeuf LLP stumbles toward certain death, other law firm leaders have rushed to assure rank and file that they have not leveraged their firm in an imprudent way.


By Kevin Lee


Daily Journal Staff Writer


PALO ALTO - As Dewey & LeBoeuf LLP stumbles toward certain death, leaders of other law firms have rushed to assure rank and file that they have not leveraged their firms in an imprudent way.


"We've never had a dollar of debt, short-term debt, long-term debt, anything," Peter J. Kalis, chairman and global managing partner of K&L Gates, said in an interview Thursday. "It rises t...

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