Read Bankruptcy Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Bill on Bankruptcy: Madoff Victims Rooting for Stanford Victory
Bill on Bankruptcy: Listening in the Dark at the NCBJ
Bill on Bankruptcy: Detroit Shows Need for Amending Bankruptcy Law
Dean: Law Schools Use Merit Scholarships To Boost Rankings
Bill on Bankruptcy: Unprecedented Actions by Two District Judges
Bill on Bankruptcy: Sex Doesn't Sell Enough to Avoid Bankruptcy
Municipal Bankruptcies – Interview with Bill Kannel, Member, Mintz Levin
Bill on Bankruptcy: Detroit Judge Might Lose Grip on the Case
Getting the best result when you file bankruptcy: don't file with outdated information
Financial Scams Target Struggling Families: Don't Become the Next Victim
Strategic Vision for Emerging Companies – Interview with Marty Lorenzo, Member, Mintz Levin
Dual Track Auctions for Distressed Companies – Interview with Rich Moche, Member, Mintz Levin
Bill on Bankruptcy: LightSquared, the Battle among Hedge Funds
How to Save Your Chapter 13 Case if Your Spouse Files for Divorce
Bill on Bankruptcy: Appeals Court Changes the Law on Fraud
Can You Appeal A Bankruptcy?
Bill on Bankruptcy: US Airways Need a Merger More than AMR
What is an Irrevocable Trust?
Bill on Bankruptcy: Sandbagging of a Federal District Judge
Bill on Bankruptcy: Detroit Could Mean Little for Creditors
Oct. 10 ( Bloomberg Law) -- Law schools need to find ways to cut the expense of merit scholarships, which they "use to buy students . . . with high LSATs" to improve the schools' US News rankings, Brooklyn Law School Dean and...more
April 26 (Bloomberg Law) -- William Snyder, co-head of the corporate restructuring group at Deloitte, talks with Bloomberg Law's Lee Pacchia about a new survey his group conducted on executive management during corporate...more
Turnarounds & Workouts’ Special Report on Outstanding Young Restructuring Lawyers honors restructuring attorneys under the age of 40 who are leaders in their practice. The honorees are selected by Turnarounds and Workouts’...more
Feb. 27 (Bloomberg Law) -- Bruce MacEwen, a law firm consultant and blogger at AdamSmithEsq.com, tells Bloomberg Law's Lee Pacchia that "we will see some more name brand [law] firms implode" in 2013. The defunct New York law...more
Feb. 7. (Bloomberg Law) -- Law firm profits at a selection of the nation's largest firms increased by 4.3 percent in 2012, but "we do have some concerns about what drove the results," Dan DiPietro, chairman of Citi Private...more
CourtReads Case Coverage List
Our newest website - courtreads.com - offers completely free access to over 150,000 documents filed in hundreds of the largest current corporate bankruptcy cases, including cases under chapter...more
Oct. 26 (Bloomberg Law) -- Dan DiPietro, chairman of The Law Firm Group at Citi Private Bank, says he has a "somewhat robust" watch list of law firms that may fail in the coming months.
"In this kind of economic...more
Oct. 12 (Bloomberg Law) -- An increasing number of major law firms are quoting "suicide prices" just to get business that will keep their lawyers occupied, even though the firms can't make money on the work, according to law...more
Aug. 22 (Bloomberg Law) -- If law school graduates were able to discharge in bankruptcy court their student loans from private lenders -- something Congress has prohibited since 2005 -- it might be good for the lenders and...more
Aug. 23 (Bloomberg Law) -- Many partners at America's biggest law firms are simply making too much money, according to former Kirkland & Ellis partner Steven J. Harper, who is now an adjunct professor at Northwestern...more
June 14 (Bloomberg Law) -- Bloomberg News Bill Rochelle tells Lee Pacchia that defunct law firm Dewey & LeBoeuf LLP spent $43 million in cash over the six weeks prior to their bankruptcy filing, much to the chagrin of secured...more
Here’s a real shocker for you: When a partner leaves a healthy law firm, he and his or her new firm can be required to return to his or her old law firm the profits made the cases he or she brings along. These obligations...more
May 31 (Bloomberg Law) -- Kent Zimmermann, consultant at the Zeughauser Group, and Bill Rochelle from Bloomberg News talk with Bloomberg Law's Lee Pacchia about law firm Dewey & LeBoeuf's bankruptcy filing in the Southern...more
Gosh, I could have had a V – 8.
Trial lawyers often say that when they try a case, they always wind up trying three cases: The case they plan on trying, the case they actually try and the case they should have tried....more
May 14 (Bloomberg Law) -- Lois Lupica, professor of law at the University of Maine School of Law and Counsel at Thompson & Knight, talks with Bloomberg Law's Lee Pacchia about a recently released report showing how reforms...more
Good Lord! Please make it stop.
We can’t take witnessing any more carnage or scandal from the Dewy & LeBoeuf front! The worst part, in some respects, is that clients, laterals and law firm lenders are now looking past...more
May 10 (Bloomberg Law) -- Stuart Saft, the former head of the real estate group at Dewey & LeBoeuf, tells Bloomberg Law's Lee Pacchia that legal headhunters spread blog stories about the firm's financial problems to...more
We are still sitting and gawking unabashedly at the awful train wreck that is now the fate of Dewey & LeBoeuf. The human carnage is unspeakable, yet we can’t stop staring.
The pundits are rapidly offering their own...more
April 26 (Bloomberg Law) -- Businessweek writer Paul Barrett says the recent troubles at law firm Dewey & LeBoeuf are the leading edge of a "broad restructuring among some of the best known brand names in American law." He...more
Dewey & LeBoeuf continues to be daily battered in the media. Too many of the slings and arrows now being shot Dewey’s way are self inflicted.
Those with the most to lose seem to be trying to get this ship of state back on...more
Dewey & LeBoeuf continue to flounder in stormy seas. In this Internet era, we are all bolted to our deck chairs in calmer adjacent seas glued to this spectacle as it unfolds before us. The bolt to the exits by some important...more
In these challenging times, a noted and venerated law firm seems, at the very zenith of the profession, seems to be deconstructing before our eyes. While some of us watch transfixed as a major pillar of the legal community...more
The numbers for 2011 for law firms are dribbling out as they inevitably do at this time of year. The reports are fairly consistent all across the board: Gross revenues up at about 3 or 4%; net profits increased at double...more
In the second half of the last century, BigLaw developed and then fine tuned its pyramided business model. The name of the game was leverage: put an increasingly large cadre of associates at the base of the pyramid, have...more
Citibank’s 2012 year-end report on law firm profitability tells us that 2012 was the Dickensian best of times and the worst of times. Only more worst than best.
It was the best of times because law firms reported a...more