Few law firms have failed because they were made up of lousy lawyers.
In fact, bad lawyering is rarely the cause of a law firm folding, according to University of California at Hastings College of the Law chancellor and dean Frank Wu.
And that makes my argument,” Wu writes. “Smart people overestimate the importance of being a smart person. To be the best lawyer, or the best collection of lawyers, is not enough; it doesn’t even guarantee you stay in the game.
Lawyers in failed firms overestimated the importance of being smart, law dean says