For the first time in a decade, Ruden McClosky‘s partners were forced to sign personal guarantees to secure the law firm’s line of credit with its bank.

While not an unknown requirement with law firms these days, the fact that the Fort Lauderdale, Fla.-based firm was required to provide the extra layer of financial security is telling and underscores the serious financial problems the firm is facing these days.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]