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Professional Practice Bankruptcy

Read need-to-know updates, commentary, and analysis on Professional Practice issues written by leading professionals.

Subject Matter Jurisdiction and Abstention in Legal Malpractice actions brought by a Bankruptcy Debtor – Part 2

by Butler Snow LLP on

Part 1 of this blog series examined a bankruptcy court’s subject matter jurisdiction over a debtor’s legal malpractice claims. Recognizing that bankruptcy courts typically retain related to jurisdiction over legal...more

Don’t Fear the Reaper: Hiring Bankruptcy Counsel Won’t Be Held Against You

by Robins Kaplan LLP on

Both bankruptcy practitioners and potential clients thereof can take comfort in a recent decision issued by the United States Court of Appeals for the Fifth Circuit. Last week, the Fifth Circuit concluded that hiring...more

From Federal Procedure Rules to State Bar Association Rules —Lawyers Need Tech Skills to Remain Competent

by Butler Snow LLP on

Today, amendments to the Federal Rules of Appellate, Civil, Criminal, and Bankruptcy Procedure go into effect. Based on these amendments, litigators may want to brush up on their tech skills. In fact, litigators may be...more

The Devils Dictionary

by Polsinelli on

The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy...more

U.S. Supreme Court Urges Resolution of Bankruptcy Disputes

by Ballard Spahr LLP on

The U.S. Supreme Court has provided new stimulus to the use of mediation in disputes over attorney fees in its June 15, 2015, decision in Baker Botts LLP v. Asarco. Baker Botts was employed by the bankruptcy debtor estate...more

JDB 067: What Dave Ramsey Taught Me About Building a Better Law Firm

by JD Blogger LLC on

I recently had the opportunity to attend the Bankruptcy Leadership Summit that is put on by Dave Ramsey in Nashville, Tennessee. The conference is geared towards helping bankruptcy lawyers build and run a better law practice...more

BigLaw Recruiter: We Didn't Kill Dewey & LeBoeuf

by Mimesis Law on

Jan. 21, 2015 (Mimesis Law) -- Jon Lindsey, partner at recruiting firm Major, Lindsey & Africa, talks with Lee Pacchia about the market for talent among the world's largest law firms. Asked why recruiters get blamed for the...more

Blog: Should Attorneys Be Paid for Litigating Their Fee Requests? Supreme Court to Decide if Fee Defense Is a ‘Cost of Doing...

by Cooley LLP on

In a decision that will have profound implications for insolvency professionals of all types, the U.S. Supreme Court has agreed to hear an appeal of the 5th U.S. Circuit Court of Appeals’ decision that Section 330 of the U.S....more

Decisions Do Not Apply "Jewel Doctrine" to Departed Partners' Fees - Legal Fees Earned by Departed Partners in Now-Defunct Law...

by Holland & Knight LLP on

A California District Court recently held that a bankruptcy trustee could not claim a property interest in the hourly fee matters pending at the now-dissolved Heller Ehrman LLP law firm. This June California decision was...more

Not Dead Yet? How BigLaw's Best Firms Are Finding Growth

by Mimesis Law on

Apr. 2, 2014 (Mimesis Law) -- Kent Zimmermann, consultant to law firms for The Zeughauser Group, tells Lee Pacchia that despite years of negative press heralding the end of BigLaw's best years, there are tangible signs of...more

Zimmermann: Dewey Charges Send 'Warning' To Struggling Law Firms

by Mimesis Law on

Mar. 12, 2014 (Mimesis Law) -- Kent Zimmermann, consultant at the Zeughauser Group, talks with Lee Pacchia about the recent spate of charges filed against former leaders of defunct law firm Dewey & LeBoeuf and what they mean...more

Supreme Court Issues Decision in Law v. Siegel, Eliminating Ability to Impose Surcharge on Exempt Property Unless Explicitly...

On March 4, 2014, the Supreme Court issued a unanimous opinion in Law v. Seigel, Case No. 12-5196, 571 U.S. ___ (2014) holding that the bankruptcy court used its equitable powers in contravention of Bankruptcy Code section...more

Dean: Law Schools Use Merit Scholarships To Boost Rankings

by Bloomberg Law on

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

Asset Searches and the Collection of Debt

by Edward Amaral on

It has become increasingly important for both businesses and individuals to receive payments that are due to them. Debtors are often delinquent in paying for goods, services or other financial obligations. When a debtor...more

Chapter11Dockets.com Introduces New, Free Monthly Bankruptcy Claims Trading Report

by Randall Reese on

CHICAGO, ILLINOIS – August 14, 2013 – Chapter11Dockets.com, the leading provider of docket and precedent research tools for the corporate restructuring and bankruptcy industries, announces the release of its first Monthly...more

I am interested in filing a chapter 11 to keep my business going, what does it cost?

by George Bourguignon on

If you own or run a small business, are experiencing financial distress, and desire to know what the bankruptcy code has to offer, then you will want to read this post! Contact: George E. Bourguignon, Jr., Esq. Phone:...more

Bill on Bankruptcy: Trustees Sleep Easy after High Court Ruling

by Bloomberg Law on

May 15 (Bloomberg Law) -- Trustees of all types are sleeping easier, knowing that their liabilities for theft by a co-trustee is a debt that can be wiped out in bankruptcy as a result of a unanimous Supreme Court decision...more

Deloitte: Turnarounds and Democracy Don't Mix

by Bloomberg Law on

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 Announces Outstanding Young Restructuring Lawyers for 2013

by Randall Reese on

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

Why and When to Conduct an Asset Search

by Edward Amaral on

Asset Search services are one of those areas that most people know little about until they need them. For years personal injury attorneys have conducted asset searches to satisfy their due diligence in determining the nature...more

A PowerPoint Sample for Business Trial Lawyers

by Cogent Legal on

The Association of Business Trial Lawyers recently asked Cogent Legal to prepare the graphics for a presentation on mock trials. The panel consisted of some of the best jury consultants in the country exploring the factors...more

Consultant: More Big Law Firms Will "Implode"

by Bloomberg Law on

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

Bill on Bankruptcy: Rakoff Reverses Himself in Madoff Case

by Bloomberg Law on

Feb. 13 (Bloomberg) -- Judges rarely reverse themselves. When U.S. District Jed Rakoff recanted a ruling he made previously in the liquidation of Bernard L. Madoff Investment Securities Inc., the reversal was important...more

A Better 2012 for BigLaw (With Big Asterisks)

by Bloomberg Law on

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

Bill on Bankruptcy: Fee Agreement Puts Law Firm In Trustee's Sights

by Bloomberg Law on

Jan. 9 (Bloomberg) -- Law firm Kaye Scholer LLP and financial advisor Capstone Advisory Group LLC are in the sights of a U.S. Trustee aiming to claw back $12 million for an undisclosed agreement to share fees awarded in...more

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