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   
  • Accelerated tax payment provisions to be extended to NIC avoidance ... -
    ... tax expert at Pinsent Masons, the law firm behind, said ... the Tax Tribunals that loans made to ... of the figures to show ...
    07/22/2014 - 1:21 pm | View Link
  • Wonkbook: 4 years later, Dodd-Frank is still only halfway ... - Washington Post
    "According to law firm Davis Polk, 208 (52%) of the 398 total ... credit cards, student loans and other ... feeling of unease that may show ...
    07/21/2014 - 8:44 am | View Link
  • Easy Prey: Foster Kids Face High Risk of Identity Theft -
    ... card, hasn’t taken out any loans and ... With the pro bono support of a local law firm and a youth advocacy ... from the state of ...
    07/21/2014 - 6:05 am | View Link
  • District 11 barbs fly for GOP primary - Detroit News
    Bentivolio is trying to show his 2012 ... firm mostly works on modifying loans ... real estate law attorney; owner of Trott & Trott P.C. law ...
    07/20/2014 - 12:05 pm | View Link
  • Call for incentives to help farmers stay on the land and boost Hong ... - South China Morning Post
    ... farm." Government figures show that ... lease, Lai found himself vastly outbid by a law firm, which offered to ... can apply for low-interest ...
    07/18/2014 - 12:38 pm | View Link
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  • Accelerated tax payment provisions to be extended to NIC avoidance schemes
    New provisions requiring accelerated payment of tax in certain tax avoidance schemes, which became law last week, will be extended to National Insurance Contributions (NICs) two months after the National Insurance Contributions Bill 2014 becomes law, the government has announced .
    07/22/2014 - 12:07 pm | View Link
  • District 11 barbs fly for GOP primary
    U.S. Rep. Kerry Bentivolio is trying to show his 2012 election wasn't a fluke, although his Republican primary opponent has outspent him by a 20-1 margin in the past three months and is backed by most GOP power brokers in the Aug. 5 primary.
    07/21/2014 - 2:17 am | View Link
  • How Smart Lending Dumbed Down
     Between 2008 and 2010, Wonga was doing something mind-bendingly stupid: sending letters from fake law firms to borrowers behind on their loans. It sounds like a bad office prank. They even took the firm names from apparently still current employees — except when you consider that they did it 45,000 times and that it will cost them £2.25 million to give each injured party just £50 in… Read More
    07/19/2014 - 9:08 pm | View Link
  • Lloyds 'misleading' letter revealed
    An example of a letter sent out to Lloyds customers by a law firm - but actually from Lloyds Bank itself - has been published by MPs
    07/17/2014 - 8:14 am | View Link
  • 5 Types of Bad Credit Loans to Avoid
    Bad credit loans should just be called bad loans. Here are some common bad credit loans -- and why it's better to stay away. If the interest rate is in the double digits and the time period you have to pay off the car is longer than four or five years, this is not a good deal. Katie Moore, a Detroit-based counselor with GreenPath Debt Solutions, a nationwide nonprofit that helps consumers with ...
    07/15/2014 - 10:52 am | View Link
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  • Debt Collectors Continue To Push the Limits of the Law Says Pioneer Law Firm
    As credit card companies, medical providers, utility companies, and other creditors write down billions of dollars in uncollected loans, the debt is sold to ... Complaints to the CFPB show many consumers aren't aware they have a medical debt until they ...
    05/29/2014 - 6:54 pm | View Link
  • Houston Injury Attorney Says Law Firm Stole His Clients
    court records show. And in another case, two former clients sued Nacol earlier this year after they learned the attorney allegedly failed to repay LawCash $140,000 in loans they took to assist with medical expenses while waiting for their personal injury ...
    08/20/2013 - 11:55 am | 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 - 5:44 am | View Link
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  • Loan and Mortgage Calculators offers the best free loan and mortgage calculators.
    07/28/2014 - 2:51 pm | View Website
  • White & Case LLP International Law Firm, Global Law Practice
    White & Case is a truly global law firm, uniquely positioned to help our clients achieve their ambitions in today’s G20 world. As a pioneering international law ...
    07/28/2014 - 4:14 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 ...
    07/28/2014 - 1:37 am | View Website
  • OVLG
    Registered California law firm with a team of attorneys for debt settlement and bankruptcy solutions.
    07/27/2014 - 10:59 pm | View Website
  • Riverside Bankruptcy Attorneys
    Riverside and San Bernardino Attorneys. At De Novo Law Firm, we shave recovered millions for clients. We have also saved clients millions in dollars through ...
    07/27/2014 - 6:13 pm | View Website
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