It's taken me a bunch of times to work through the entire plot, all the details and nuances and I still find myself questioning and thinking about things.
I think you have to kind of compartmentalize the movie to clear up the plot and different subplots. Everything centers around Michael's world. Arthur is the catalyst at this specific point in Michael's life when everything seems to be coming apart. You have:
Michael's personal life - He's basically having a mid-life crisis. He invested money into a bar with his alcoholic/drug abusing brother and lost all of his money. He owes $75K to people you don't want to be in debt to.
He invested the money to try and move away from his current career as a firm's "fixer" - a job he doesn't particularly like or think highly of.
He's divorced and gets his son on weekends, but doesn't do the typical father/son stuff, yet tries to get to know and understand him the best he can.
He doesn't see the rest of his family enough and takes heat from his bigger brother, a police officer.
He's also a recovering gambling addict.
Michael's professional life - His law firm is currently in negotiations to merge with a larger firm in London, which makes him uneasy given his role. He doesn't think his new bosses will understand what he does or won't have a need for him, so he could be out of a job pretty soon.
There's also the uNorth case, which if it goes bad based on Arthur's condition or actions, could dissolve the firm completely after a malpractice suit and would also kill the merger deal.
You then have the crossover with Arthur. Arthur's a friend who works at the firm and is handling the biggest case with the biggest client, goes nuts and is putting the firm's existence at risk. Michael has to figure out how to get Arthur under control, back to work, and keep uNorth at bay while doing so.
And through all that, he's still doing his regular job, "fixing" things like the Westchester big shot who's involved in a hit and run in the middle of the night.
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