Everything Frank McCourt touches goes bankrupt

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I saw that the Dewey & LeBoeuf law firm is folding. That’s huge news and the latest indication of just how farkakte the economics of the legal business are.  But I had forgotten who D&L’s most recent high profile client was. Here’s Steve Dilbeck of the L.A. Times:

News has come from back east that the law firm of Dewey & LeBoeuf is filing for bankruptcy. Besides the little detail that this is the largest law firm to go under in U.S. history, there is this one other notable fact: The law firm going bankrupt is the same law firm that handled Frank McCourt’s bankruptcy of the Dodgers … Hey, I know a guy flush with $1 billion who might be able to give Dewey a loan. You could argue he even owes them.

Sadly, we can’t pin this on McCourt. Rather, we can pin it on a ridiculous compensation system that has law firm partners promising themselves insane draws despite the fact that revenues won’t support it anymore because business clients aren’t as dumb as to simply rubber stamp every legal bill that comes in to the accounting office like they did back in the 80s.

Mamas, don’t let your babies grow up to be corporate lawyers …

Marcell Ozuna scratched from Cardinals lineup because he overslept

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Derrick Goold of the St. Louis Post-Dispatch reports that Cardinals outfielder Marcell Ozuna was scratched from Wednesday afternoon’s starting lineup because he overslept and missed the scheduled report time to the ballpark. Ozuna appeared in the on-deck circle late in the game but didn’t get a chance to pinch-hit as the Cardinals lost 5-2 to the Royals in 10 innings. The lowly Royals took two of three in the series.

The Cardinals acquired Ozuna from the Marlins back in December. He hasn’t hit much for the Cardinals thus far, batting .253/.295/.331 with three home runs and 22 RBI in 190 plate appearances. He was an All-Star last year, finishing with a .312 average and a .924 OPS along with 37 homers and 124 RBI.

It’s amusing reading some of the replies to Goold’s tweet. More than a handful of Cardinals fans are upset with Ozuna for oversleeping. Who among us has not overslept for school or work? Of course, a lot of the antipathy has to do with Ozuna’s lack of hitting. If he had a .900 OPS, it would be a lot easier for fans to forgive him.