The center that wouldn't hold: how economic tensions in an evolving legal marketplace blew the Wallace firm apart.

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Wallace Dover & Dixon

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The center that wouldn't hold: how economic tensions in an evolving legal marketplace blew the Wallace firm apart.

The Center That Wouldn't Hold How Economic Tensions In An Evolving Legal Marketplace Blew The Wallace Firm Apart

Larry Wallace looks worn out. It is almost 6 p.m. on Wednesday, Feb. 6, and the normal work day is over. But Wallace, 46, is still in his elegant TCBY Tower office trying to understand how his seven-year dream of managing one of the state's largest and most prestigious law firms evaporated the previous week.

"I'm astonished," Wallace says of the breakup.

Visibly distraught, Wallace haltingly tries to explain the forces that broke the Wallace Dover & Dixon firm into three pieces on Feb. 1, just days after he abruptly resigned. Founded by U.S. Senator and U.S. Supreme Court appointee Joe T. Robinson, the law firm which had been...

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