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Slower Collections Test Boundaries of Attorney-Client Relationships
Prominent law firms are finding themselves adverse to former clients in unpaid fee litigation as collection cycles lengthen, but not every dispute is worth litigating.No Soup For Them! Soupman's Bankruptcy Leaves Big Law Bowls Empty
Soupman Inc., a company that licenses the name made famous by the sitcom "Seinfeld," filed for bankruptcy on June 13 in Delaware, just weeks after its CFO was arrested for tax evasion. Polsinelli is seeking to save the debtor as it pursues a sale in Chapter 11. But some other large law firms face big writeoffs on their legal bills.