The fall of Howrey - how did the leading US law firm lose its way?
How did a leading US law firm that was 'in court every day' lose its way? Julie Triedman charts the fall of a legal empire
June 29, 2011 at 07:03 PM
30 minute read
How did a leading US law firm that was 'in court every day' lose its way? Julie Triedman charts the fall of a legal empire
In the end it would take Howrey chief executive, managing partner, and chair Robert Ruyak two tries to deliver the bad news to his partners.
Inside a conference centre in suburban Virginia on the afternoon of 12 November 2010, Ruyak was facing questions about the firm's relationship with its primary lender, Citibank. The annual leadership meeting, which roughly 50 partners attended, was an especially urgent one, as it had become apparent that the firm was about to post poor results for a second year.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250