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BI
I don't have any inside info regarding how BI's doing; it's just an accumulation of little things over the last couple of years (layoffs, partner de-equitizations and the like, including a recent Pittsburgh layoff; a drop in revenues significant enough to dump BI out of the AmLaw 100 last year; a number of partner defections, to Reed Smith and other places, before this one; the London and Princeton debacles; etc.) A recent BizTimes article noted that BI has renewed its Pittsburgh office lease for another ten years or so (good sign?) but that it has renewed the lease for about 10% LESS space than it now occupies (bad sign?). I'm not sure what's going on, but there seems a drip-drip-drip of not-so-good news that makes you want go, hmmm.
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"Our opinions are at best provisional hypotheses."
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