Preview Mode Links will not work in preview mode


Legal Speak is a weekly podcast that makes sense of what's happening in the legal industry. Each episode tackles a subject that's worthy of a deep dive—from law firm profit hacks to Supreme Court showdowns to the most promising plays in legal tech. Hosted by Senior Litigation Reporter of the Daily Report Cedra Mayfield and Senior Staff Writer for the American Lawyer Patrick Smith, Legal Speak offers straight talk from experts, plus an inside-the-newsroom perspective on market-shaping stories.

Nov 22, 2019

The bankruptcy of LeClairRyan in September presents the common tale of a once-thriving law firm that ends up in ruin. A firm that in its heyday had $163 million in gross revenue, LeClairRyan joins the heap of other Big Law failures. To explore the similarities in these insolvencies and how other law firms can avoid making the same fatal moves, business of law reporter and editor Lizzy McLellan talks with Bill Brandt. Founder of DSI Civic, a financial restructuring firm, Brandt has helped handle workouts, turnarounds and restructurings for 36 law firms, including some of the biggest.