Law-firm Loans Show Cracks

In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring for some. An industry that has historically been perceived as a low credit risk, attractive to banks, is starting to see cracks in that facade.

Topics:  cracks   
ASK NEWS:
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    06/1/2015 - 12:56 pm | View Link
  • CORRECTED-UCI reinvigorates Spanish RMBS - Reuters
    ... such as higher LTV loans, which ... secondary market would show issuers it ... Ramiro Rivera, a partner at law firm Uria Menendez, said ...
    06/1/2015 - 8:08 am | View Link
  • Secrets of a Career Climb: Make Shit Happen, Deal When It Does - Huffington Post
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  • UCI reinvigorates Spanish RMBS - Reuters
    ... such as higher LTV loans, which ... secondary market would show issuers it ... Ramiro Rivera, a partner at law firm Uria Menendez, said ...
    05/29/2015 - 3:10 pm | View Link
  • Greek Bank Losses Show Predicament Amid Record Outflows - Washington Post
    ... and higher provisions for souring loans, Euroxx ... in a death embrace,” Benedict James, banking partner at global law firm Linklaters, said ...
    05/28/2015 - 5:49 am | View Link
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BING NEWS:
  • Politician Rick Williams allegedly in business of forgery, lies before hunger strike
    Documents show Suncorp picked up Mr Williams on a series of compliance ... During an unrelated dispute with a Cairns law firm two years later, Mr Williams spoke about teaching Suncorp a lesson. In an interview with the law firm, which he agreed to be ...
    06/2/2015 - 6:25 pm | View Link
  • Institutional Investors Poised to Jump Into Peer-to-Peer Lending
    Results of a new survey of 300 institutional investors sponsored by law firm Richards Kibbe & Orbe LLP and WhartonFintech show strong interest and knowledge ... investment through the purchase of whole loans (27%) and direct investment in a lending ...
    06/2/2015 - 7:02 am | View Link
  • CORRECTED-UCI reinvigorates Spanish RMBS
    UCI's old trades often included riskier characteristics such as higher LTV loans, which underperformed other portfolios ... Ramiro Rivera, a partner at law firm Uria Menendez, said Spanish deals were previously structured as pass-throughs with clean ...
    06/1/2015 - 12:49 am | View Link
  • Law Firm’s Demise Blamed on Accounting Gimmicks
    The former CFO and two other former top executives at Dewey & LeBouef LLP schemed for years to conceal the true condition of the now-defunct law firm’s finances with accounting ... Attorney’s Office is seeking to show that Dewey’s former leaders ...
    05/28/2015 - 12:56 am | View Link
  • Greek Bank Losses Show Predicament Amid Record Outflows
    “We expect the Greek banks to remain loss-making this quarter” on more expensive funding from the ECB and higher provisions for souring loans, Euroxx Securities ... banking partner at global law firm Linklaters, said in an e-mail.
    05/27/2015 - 10:07 pm | View Link
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