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   
  • Law firm secures $98 million verdict
    Once those loans were acquired, the new developer foreclosed on Bagwell’s three properties, forcing him into bankruptcy, his lawyers said. “Emails from Compass connected the dots for this jury,” Boyd said in a press release. “We were able to show ...
    12/15/2017 - 11:00 am | View Link
  • Consuegra law firm in Tampa to lay off 154 employees
    The Consuegra law firm was among the so-called "foreclosure mills" hired by banks to push through foreclosure cases after tens of thousands of Floridians defaulted on their loans in the wake ... Bar records show. Consuegra's law office and title company ...
    10/1/2015 - 12:51 pm | View Link
  • Fraud cases may doom Waterloo law firm
    The two loans were due in full in June and October, and collateral included the firm’s equipment, accounts and letters of credit, court records state. Court records show at the time of his death, Roth was buying the firm’s West Fifth Street office ...
    02/11/2015 - 12:11 pm | View Link
  • Nama pays one Dublin law firm more than €2m in fees
    The figures show that over €2m was paid to McCann Fitzgerald across ... Nama spent €3.279m on direct legal costs last year concerning the management of its portfolio of loans. Arthur Cox solicitors received €473,000; Matheson Ormsby Prentice received ...
    04/18/2013 - 1:00 pm | View Link
  • KEL partner files Chapter 7 bankruptcy
    Court records show that Lynd filed bankruptcy under pressure from a creditor, BMO Harris Bank, which was seeking to garnish his pay at KEL to satisfy a nearly $1 million judgment involving real estate loans that were in default. Lynd's filing prevents the ...
    09/17/2012 - 1:28 pm | View Link
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  • Your Law Firm: Navigate the Complexities of Funding ...
    When it comes to law firm ... Your Law Firm: Navigate the Complexities of Funding. ... their law firms or for a law firm to buy a building are SBA loans.
    01/6/2018 - 8:48 am | 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 ...
    01/6/2018 - 2:36 am | View Website
  • Law firm quit as Barclays adviser over Qatar loan fears
    Linklaters, the big British law firm, resigned from advising Barclays over a controversial loan to Qatar at the heart of a $1bn lawsuit over fears it would be illegal ...
    01/5/2018 - 6:54 am | View Website
  • Amicus Capital Services | Law Firm Loans
    Law Firm Loans. APPLICATION: Law Firm Loan; Appeal Funding; Commercial Litigation Loans; ... We offer law firm loans secured by your portfolio of cases, ...
    01/5/2018 - 1:04 am | 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.
    01/2/2018 - 8:45 am | View Website
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