If a firm worried it can't overcome the exit of a key partner, it's not too late to dive into strategies to put its eggs in more than one basket. (Photo: Frankie's/Shutterstock.com)
In 2014, leadership at Am Law 200 firm Buckley Sandler undertook a thorough assessment of the risks facing law firms. In response to the effort, the firm elected to take out insurance coverage on several top rainmakers, looking to ward against the consequences of their voluntary departure.
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
