Breaking news and analysis related to law firm dissolution and partner and creditor disputes.
By ALM Regional Brand Editors | September 22, 2023
Welcome to Mid-Market Roundup, where our team of regional editors shares the trends, challenges, opportunities and observations emerging in their markets.
6 minute read
By Amanda O'Brien | September 13, 2023
Dennis Suplee led the now defunct firm from 1992 to 1998.
4 minute read
By Amanda O'Brien | September 13, 2023
A bankruptcy judge found the firm could continue to use the approximately $98,000 left in its operating and payroll accounts for now. Litigation funder Virage Capital, owed $14 million, wants the funds to be categorized as cash collateral.
3 minute read
By Amanda O'Brien | September 12, 2023
Virage Capital asserts that the two partners at the bankrupt Philadelphia firm have been misusing collateral pledged to a 2017 loan that's now in arrears.
5 minute read
By Amanda O'Brien | September 6, 2023
Ten lawyers have landed as shareholders at Segal McCambridge. Additionally, the firm's Pittsburgh-based higher education chair joined Ogletree Deakins, while several New York partners have moved to Pryor Cashman and Gordon Rees.
5 minute read
By Amanda O'Brien | August 31, 2023
The firm is set to dissolve at the end of the day Thursday.
1 minute read
By Amanda O'Brien | August 29, 2023
The largest of the firm's liabilities is attributed to Virage SPV, which sued Sacks Weston earlier this year for allegedly breaching a nearly $6 million loan agreement and defaulting on the loan.
2 minute read
By Dan Packel | August 29, 2023
"While the meteoric rise and fall of LeClairRyan PLLC may have been extraordinary, LeClair's personal avarice does not translate into a circumstance worthy of vacating this court's opinion," the judge wrote.
3 minute read
By Amanda O'Brien | August 22, 2023
The group is composed of attorneys who'd previously belonged to Schnader's trusts and estates, litigation, real estate, and transactional practice groups.
3 minute read
By Amanda O'Brien | August 18, 2023
Philadelphia's Schnader Harrison is the latest example of a firm that would have been better off acting sooner rather than later.
5 minute read
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