Ruden McClosky has lost two equity partners, leaving the firm below the 40 equity partners required by its bank line of credit, according to several sources.
The departures mean the troubled Fort Lauderdale, Fla.-based law firm must promote at least one lawyer to equity partner to comply with the bank’s requirement.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]