According to lawyers from other firms, Dewey committed two sins:
这也是杜威公司的选择。据其他公司的律师称,杜威公司承认自己犯了两个大错:
guaranteeing poached partners their first few years of income, and borrowing from banks topay for them.
先向那些新合伙人许诺头几年的高薪,然后又从银行借款来兑现这些承诺。
Unusually, in 2010 Dewey also issued bonds; the first of these mature next year.
反常的是,杜威还于2010年发行了债券,首批债券将于明年到期。
Firms with large debts are vulnerable if a big client leaves, a practice area sours or theeconomy weakens.
失去大客户,某一地区业务状况恶化或者经济疲软。
Partners may sit tight for one bad year, but after another some will scarper with their clients.
这些都会使负担大量债务的公司变得十分脆弱。
Firms that have nurtured their own talent are likely to have more loyal lawyers;
遇到一个坏年景时,合伙人可能会静观其变,如果情况未能好转,部分人会带着他们的客户溜走。自己出资培养人才的事务所,其律师的忠诚度更高;
poachers such as Dewey, fewer.
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