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Breaking news and analysis related to law firm dissolution and partner and creditor disputes.
By Amanda O'Brien | October 5, 2023
When Philadelphia-based Sacks Weston declared bankruptcy in August, it became the latest firm to do business with Virage Capital and then hit the skids.
11 minute read
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
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