Three decades of data reveal common threads from Finley Kumble to LeClairRyan. What can be learned from the history of law firm failures? Mary K Young observes that external factors, including a recession, can accelerate a firm’s demise, but typically are not at the root of its problems. Young says firm leaders have to stay in touch with their clients and stakeholders, never losing track of what those people want. They need a vision for where the firm will go next.