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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    Lawsuit Settlement News Reports Actos Drug Cases Trial and ... - BioPortfolio
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    Missing Qingdao Copper Spawns Web of Lawsuits - Atlanta Journal And Constitution
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  • Shariah loans a hard sell in US as growth slows - Gulf Times
    ... in Islamic finance at New York-based law firm King & Spalding. ... and business Shariah-compliant loans. ... market is beginning to show ...
    09/19/2014 - 7:48 am | View Link
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    ... as a conservative is to show up as ... but first, he had student loans to ... and Afghanistan intensifying, Cotton left the Washington law ...
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  • Yuan Loan-Backed Bond Surge Prompts China Risk Warnings - Bloomberg
    ... than a year earlier, CBRC data show. Outstanding loans increased 13.4 ... partner and the head of Asia structured finance at law firm Dentons ...
    09/11/2014 - 7:22 am | View Link
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YAHOO NEWS:
  • Lawsuit Settlement News Reports Actos Drug Cases Trial and Settlement News Update
    NEW ORLEANS, Sept. 23, 2014 /PRNewswire/ -- MT Services LLC, a Lawsuit Settlement News Reporting Company which operates lawsuitsettlementnews.com, announced today a primary focus on assisting plaintiffs of the aftereffects of the pharmaceutical drug Actos. District Judge Rebecca Doherty, the judge who is overseeing thousands of Actos lawsuits, refused to overturn a $9 billion verdict in the ...
    09/23/2014 - 5:00 am | View Link
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  • Banks’ $85 Billion Loan Pipeline Meets Investor Unease
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  • ECB cuts interest rates to record low- as it happened
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  • ECB cuts interest rates to record low- live
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    09/4/2014 - 10:06 am | View Link
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BING NEWS:
  • Pa. Judge Axes Law Firm's Abusive Litigation Claims
    When PDI defaulted on the loans, the company agreed to give Martin a first-priority ... As a result, court records show that PDI’s $14.5 million windfall in the Bayer litigation resulted in no contribution to Martin. Martin subsequently filed a ...
    09/24/2014 - 7:44 am | View Link
  • Survivor on hunger strike to pressure band’s relationship with law firm
    The documents also show the council held a special meeting to hear from survivors ... It was survivors from the band that alerted officials to extra fees and high-interest loans the firm was allegedly charging against their residential schools compensation ...
    09/12/2014 - 10:47 am | View Link
  • Debt Collectors Continue To Push the Limits of the Law Says Pioneer Law Firm
    Complaints to the CFPB show many consumers aren't aware they have a medical debt ... paid private debt collectors $1 billion in 2011 to collect on the $70+ billion outstanding in student loans. Consumer advocates have learned that the debt collectors ...
    05/28/2014 - 9:00 pm | View Link
  • 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 ...
    02/4/2014 - 11:00 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
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