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American Airlines Pilots Gamble And Lose In Bankruptcy Case [Video]

Sept. 6 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia talks with Bloomberg News bankruptcy columnist and editor-at-large Bill Rochelle about how a strategy backfired on the pilots' union at American Airlines. Bill also...more

Consultant: Crisis of Confidence in Leadership Sunk Dewey & LeBoeuf [Video]

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

Leverage is Back: The Return of the Pyramid Business Model for Law Firms, with a Twist

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

A Jewel [v. Boxer] is a Law Firm Bankruptcy Trustee’s Best Friend; Unfinished Law Firm Business Taxes Departing Partners and Their...

Since 1988, when Finley Kumble filed for bankruptcy protection, some 32 major law firms have failed. In each of those cases, liabilities far exceeded assets and in most of these cases, partners of the defunct firm and the new...more