First came Brobeck in 2003. Then Coudert Brothers, followed by Heller Ehrman, Thelen, Howrey and Dewey & LeBoeuf.
And after each law firm collapse, bankruptcy trustees ultimately sent bills to the firms that absorbed partners from the dissolution.
Some California firms are trying to tear down the controversial bankruptcy doctrine developed under Jewel v. Boxer that permits a failed firm to recover profits that business partners take with them to new employers. The firms fighting those clawback actions want a higher court to consider whether future client business should be considered property of a defunct firm.
December 14, 2012 at 12:22 AM
1 minute read
First came Brobeck in 2003. Then Coudert Brothers, followed by Heller Ehrman, Thelen, Howrey and Dewey & LeBoeuf.
And after each law firm collapse, bankruptcy trustees ultimately sent bills to the firms that absorbed partners from the dissolution.
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