In the legal sector that's being enacted at Dewey & LeBoeuf. There, almost daily there is a body count on how many partners have departed. One wonders if there will be a Dewey & LeBoeuf when the creative destruction is over.
In the world I know - media - Mediabistro.com logs in the bodies every morning and then as the "Revolving Door" in late afternoon. Today the list is longer than usual. Among the victims is Xana Antunes, former head of Crain's New York. This is reported by Talking Biz News.
In college and even graduate or professional school, when we had the confidence and optimism of the untried, we read about Schumpeter's world view and it seemed to make plenty of sense. We were convinced that there was no stopping progress.
Now we are finding that we are frequently in the way of progress or at least some organization's definition of it. Being hyperalert to signals about what we should be changing has become exhausting. It sounds counterintuitive but one proven way to remain at the top of our game is to spend less time in it. Way back in 2009, light years in digital time, Marc Lesser published the book "Less: Accomplishing More by Doing Less." In it he pierces what he calls the "fog of constant activity." When we slow down, the fog lifts. Opportunity becomes visible. Sunday I go for an interview for a part-time job handling the Internet piece for an organization in the automotive sector. When I applied I slowed down and did the cover letter right. One strong cover letter is worth 100s of hurried ones.
Now I have three interviews lined up for part time and full time jobs.
Bloomberg reports that Dewey & LeBoeuf might file a pre-packaged bankruptcy. It notes that Reuters said that bankruptcy attorney Albert Togut has been retained.