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:
  • RBS: No evidence of small firm fraud - BBC
    RBS Abusive Lending Allegations Unfounded, According to Law Firm - Washington Post
    04/17/2014 - 8:59 am | View Link
  • Filings show Norcross drawing campaign cash - Philly.com
    Robert E. Andrews resigned to take a job with a Philadelphia law firm. ... his campaign a $100,000 loan, and also reported about $160,000 in loans.
    04/16/2014 - 3:44 pm | View Link
  • Matt Taibbi: The SuperRich in America Have Become 'Untouchables' Who ... - AlterNet.org
    And I asked him to show me his summons, and he pulled ... MATT TAIBBI: So they both came from a law firm called Covington & Burling, which in the
    04/15/2014 - 1:58 pm | View Link
  • Citigroup Mexico Worker Said to Take Documents Tied to Fraud - Washington Post
    Citigroup Mexico Employee Said to Take Documents Tied to Fraud - Washington Post
    04/11/2014 - 10:47 am | View Link
  • Financial Stability - Safe Haven
    ... covenant-light loans, leverage loans, high-yield loans..." Moderator Cox: "Just like the good old days - 2006." Buiter: "In looking at it, in...
    04/11/2014 - 10:42 am | View Link
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BING NEWS:
  • 150-year-old law firm collapses into administration (From The Advertiser Series)
    Accounts filed with Companies House show Swinburne & Jackson owed £674,866 to creditors, and £125,365 in loans and debts to members. It is the latest traditional law firm to fall victim to increased competition in the sector which is threatening scores ...
    02/5/2014 - 9:33 pm | View Link
  • Law Firm Wins Dismissal of Suit by Client Whose Litigation Loans Ate Up Settlement
    While Mirman, Markovits & Landau PC was representing Elwin Francis in a personal injury matter, Francis secured cash from litigation funding companies through loans that would be ... required to initial each page to show that he had read it and understood ...
    01/29/2013 - 11:00 am | View Link
  • 8th Circ. Pans 'Show-Me-The-Note' Suit Against BofA, Law Firm
    The plaintiffs brought the action on behalf of a putative class of individuals who had initiated mortgage loans with Countrywide Financial ... ruling that the Butlers were bringing a faulty "show-me-the-note" action alleging BAC couldn't foreclose on ...
    08/27/2012 - 4:25 pm | View Link
  • BofA’s Law Firm Says Lenders May Need More Loan Reserves
    The lender appealed New York State Supreme Court Justice Eileen Bransten’s Jan. 3 ruling that MBIA need only show Countrywide made misrepresentations about the loans, instead of also establishing they caused the losses the bond insurer is seeking to recover.
    08/8/2012 - 6:17 am | View Link
  • The Daily Docket: Law-Firm Loans Show Cracks
    In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms willingly took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring. Read the Daily Bankruptcy Review article via The ...
    04/30/2012 - 2:21 am | View Link
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BING SEARCH:
  • Oak View Law Group
    Registered California law firm with a team of attorneys for debt settlement and bankruptcy solutions.
    04/17/2014 - 10:26 am | View Website
  • Short Sale Blog
    So you have your approval letter and now you are running into problems with the Buyer’s government backed loan. Whenever you take on a short sale an important ...
    04/17/2014 - 4:42 am | View Website
  • GERSON LAW FIRM APC | Home real estate, real estate ...
    GERSON LAW FIRM APC is recognized for core competence in all matter real estate and real estate finance related, and to provide counsel to clients in business matters.
    04/17/2014 - 12:03 am | View Website
  • Miami, Florida Foreclosure Defense Lawyer | Fort ...
    Bankruptcy and Foreclosure Defense Attorney located in Miami, Florida.
    04/16/2014 - 5:01 pm | View Website
  • Law Firm Of Pepper Hamilton LLP | Statutory and ...
    Law firm providing corporate law, securities law, complex litigation and other legal services to leading businesses and organizations. Pepper Hamilton LLP was founded ...
    04/16/2014 - 2:38 pm | View Website
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