By Leigh Jones | Vanessa Blum | March 27, 2020
Keith Wetmore, former chairman at Morrison & Foerster, and Bill Brandt, who has helped handle workouts and restructurings for nearly 40 law firms, had big roles during the 2008 recession. Here's their perspective on the major challenges law firms are facing now.
By David Thomas | February 14, 2020
"A law firm does not have a 'legitimate claim of entitlement' to hourly billed client matters because it is the clients who retain the right to control the representation," Chief Judge Anna Blackburne-Rigsby wrote.
By Dan Packel | January 31, 2020
A California bankruptcy judge ripped into the attorney for a former partner objecting to the settlement Thursday, accusing her of introducing a new argument at the confirmation hearing.
By Jack Newsham | December 26, 2019
From an Am Law 200 firm's bankruptcy to a spate of small and midsize firm breakups, 2019 saw several law firm closures.
By Dan Packel | December 12, 2019
A hotel operator wants to tap the defunct firm's insurance coverage to resolve a dispute that stems from damage in 2003's Hurricane Isabel.
By David Thomas | November 26, 2019
The name partners of short-lived McCaulley Dowell have amicably taken separate paths.
By David Thomas | November 19, 2019
Michele Craddock sued LeClairRyan for gender discrimination and won more than $1 million in arbitration. Then the firm collapsed.
By Jack Newsham | November 4, 2019
In recent bankruptcy filings, LeClairRyan said it owned just 1% of its joint venture with UnitedLex and reported lower revenue numbers to the court than it reported to the press.
The American Lawyer | Analysis
By Lizzy McLellan | Gina Passarella Cipriani | October 29, 2019
Three decades of data reveal common threads from Finley Kumble to LeClairRyan. What can we learn from the history of law firm failures?
The American Lawyer | Infographic
By ALM Staff | October 29, 2019
In the past three decades, the most notable law firm dissolutions share some common threads, but each was unique in its own way.
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