Ethics

Sad story here. According to the article, the management committee has given tacit approval to a mass exodus that would finish off the firm.  (Disclaimer: I know only what the article says.)

Law firms are now big businesses, and it'll be interesting to see how the law defines the duties of management committee members when firms reach insolvency or other end-game scenarios. Their decisions affect all sorts of people -- clients, non-legal staff, non-equity lawyer -- not just the partners.