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Breaking news and analysis related to law firm dissolution and partner and creditor disputes.
By Zack Needles | May 25, 2018
King of Prussia-based Powell Trachtman, which is currently in the process of winding down, now faces a putative class action by one of its file clerks, who alleges the firm failed to pay overtime to its support staff.
1 minute read
By Dan Packel | May 22, 2018
The bottom is eventually going to drop on the U.S. economy, and many law firms won't be positioned to handle the fallout.
1 minute read
By Samantha Joseph | May 17, 2018
Jeremy Alters' Florida operations dwindled from 57 people in 2010 to about 18 one year later. Now, in 2018, he is down to five colleagues, including two other attorneys.
1 minute read
By Lizzy McLellan | May 16, 2018
Much Shelist is absorbing Bronson & Kahn in June, creating a 100-lawyer firm.
1 minute read
By Zack Needles | May 4, 2018
A prominent Montgomery County firm splits, a Fox Rothschild partner appears to have a very lucky client and more.
1 minute read
By Zack Needles | May 2, 2018
There does not seem to be any dispute among the departing attorneys that Powell Trachtman was and is financially healthy. Regardless, however, there is still some disagreement over what the firm's prospects for the future would have been had its sole remaining founding shareholder, Michael Trachtman, not made the decision to leave.
1 minute read
By Shari L. Klevens and Alanna Clair | April 23, 2018
If rainmakers have an incentive to stay at a firm through rough seas, the firm's chance of survival may increase.
1 minute read
By Christine Simmons | April 17, 2018
The agency's case against former Dewey executive Stephen DiCarmine now appears to be over. But that's not the case for other Dewey leaders.
1 minute read
By Susan DeSantis | April 15, 2018
"f you have 50 lawyers spread over a dozen practice areas, it's hard to persuade clients you have the bench strength to become a powerhouse.”says Jon Lindsey, managing partner for Major, Lindsey & Africa.
1 minute read
By The Legal Staff | April 11, 2018
In 2017, law firms looked to pick up large groups for moves that aided expansions and helped bolster specific practice areas, one of which was a new—timely—practice area: institutional responses to sexual and gender-based harassment and misconduct.
1 minute read
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