The American Lawyer | Analysis
By Dan Roe | December 28, 2023
From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
By Dan Packel | November 4, 2021
A Virginia bankruptcy judge declined to wipe claims touching on conspiracy, breach of fiduciary responsibility and misappropriation from an August amended complaint.
By Dan Packel | October 19, 2021
The Chapter 7 trustee for LeClairRyan sued the defunct firm's former directors and officers for $41.5 million in 13 separate actions in September.
By Dan Packel | July 20, 2021
Allegations that a joint venture between the two entities resulted in the unauthorized practice of law were enough to underpin a conspiracy claim, a Virginia federal judge ruled.
By Dan Packel | June 24, 2021
A hearing on the dispute turned on the question of whether the arrangement between the parties violated rules of professional conduct. The trustee wants to recover $128 million to pay off the firm's creditors.
By Dan Packel | March 9, 2021
Jason Cyrulnik, represented by Marc Kasowitz, has filed his own suit, claiming his exit followed a spike in the value of a cryptocurrency firm asset that had grown to over $250 million.
By Dan Packel | October 28, 2020
LeClairRyan was already on its last legs when it negotiated a joint venture with UnitedLex. In the end, its creditors paid the price, according to a lawsuit filed Tuesday.
By Dan Packel | September 3, 2019
The firm owes $15 million to two secured creditors, including its joint venture with UnitedLex. But it says that it expects to have some funds left for its unsecured creditors.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/