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   
BING NEWS:
  • Woman who grew up on a council estate set up her own 'parent friendly' law firm so that motherhood wouldn't hamper her career prospects (and now she's turning over £1M a year)
    But I was totally driven, and still am, to show her it was worthwhile what she went through ... I paid for the Legal Practice Course by credit cards and loans. I worked full time and studied at the weekends in Guildford college of law also, meaning ...
    01/12/2017 - 6:46 pm | View Link
  • Bahamian Liquidators Battle Florida Law Firm
    They are also alleging that the Rural Bank International liquidators have failed to show “a breach of duty that caused ... Mr Mcaculey’s letter confirmed that Rural International Bank’s loans were then “re-loaned in Brazil”, with some of ...
    11/24/2016 - 6:33 am | View Link
  • Cerberus paid law firm £15m 'for access to Stormont government and other info'
    Cerberus paid £1.2 billion for a massive collection of property loans, taken over by the Irish Republic's toxic assets agency Nama after the economic crash.
    11/17/2016 - 1:03 am | View Link
  • Guardian and BBC publish details of huge data leak which links heads of state to tax haven law firm
    The Guardian reports that the documents show "a network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president". The ICIJ also led the investigation into the HSBC files last year, which disclosed tax evasion facilitated ...
    04/3/2016 - 10:10 am | View Link
  • SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against United Development Funding IV and Certain Officers – UDF
    which serve as collateral to UDF development loans, show that, in numerous instances, there is no development and the collateral is still non-income producing, raw land 2, 3, 5 (as much as 10) years after loans were issued.” Finally, the report notes ...
    12/23/2015 - 12:46 am | View Link
  • More
BING SEARCH:
  • Financing A Law Firm
    FindLaw's Law Firm Management Center provides Finance resources for solo and small law firm practice on topics like Legal Funding,Basics,Loans,Credit Cards and More.
    01/20/2017 - 4:56 pm | View Website
  • Law Firm Loans and Attorney Litigation Funding
    Litigation Funding: Law Firm Loans. Excalibur Funding is backed by large institutional funds that are available to finance contingency fee law practices.
    01/20/2017 - 2:32 pm | View Website
  • Financing a Law Practice | Law Practice Division | Solo ...
    Financing a Law Practice ... Law firms usually seek bank loans to purchase assets for use ... you will need to be able to show the bank that your firm currently ...
    01/20/2017 - 2:18 pm | View Website
  • Student Loan Law | Get Help with your Student Loans
    The lawyers at The Lee Law Firm know what you are going through and can show you the way out. ... Student Loan Law. ... Get Help with your Student Loans.
    01/20/2017 - 9:32 am | View Website
  • Law Firm Loan, Case Cost Line of Credit, Attorney Line of ...
    LawCash ® is the leading provider of law firm financing. We can provide you with a law firm loan, attorney lines of credit, and case cost line of credit, case cost ...
    01/20/2017 - 9:03 am | View Website
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