Breaking news and analysis related to law firm dissolution and partner and creditor disputes.
By Amanda O'Brien | January 27, 2025
In a Chapter 7 filing, AkinMears indicated it was indebted to a Virage Capital Management unit for over $115 million and Rocade Capital for another $86 million.
1 minute read
By Dan Roe | December 27, 2024
A slower year for law firm shutdowns saw more firms get absorbed by larger firms.
1 minute read
By Charles Toutant | November 6, 2024
"Instead of using the phrase 'agree to' in the sentences about arbitration, the parties used 'may,'" two appellate judges wrote.
4 minute read
By Amanda O'Brien | September 20, 2024
The firm's London office—which opened in 2021—brought in $14 million in revenue in 2022 but recorded less than $250,000 in profits.
5 minute read
By Amanda O'Brien | July 24, 2024
Former income partner Jo Bennett's putative class action survived a motion to dismiss.
3 minute read
By Dan Packel | June 14, 2024
The spot that Boston's Burns & Levinson finds itself in feels distressingly similar to Philadelphia's Schnader Harrison Segal & Lewis a year ago.
4 minute read
By Amanda O'Brien | June 6, 2024
Scott Diamond said at a disciplinary hearing that his "stupid stealing" of money from Sacks Weston was aimed at closing the gap between what he was guaranteed and what he earned.
4 minute read
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
By Amanda O'Brien | April 24, 2024
The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
By Amanda O'Brien | April 10, 2024
Third-party litigation funders Virage Capital and Jordan Litigation Funding pushed a judge Wednesday to dismiss the firm's Chapter 11 petition. Meanwhile, co-founder Andrew Sacks was absent from the hearing, purportedly dodging service of a subpoena from Virage.
4 minute read
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