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   
  • 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
  • Job losses, falling profits and rising debt for Walkie Talkie law firm
    Figures released in DWF‘s annual review show that the firm shed 200 full-time employees as ... DWF’s debt includes £21.3 million in bank loans and a £10.8 million overdraft. Amid rising costs — office space in the Walkie Talkie which the firm ...
    11/24/2015 - 10:09 pm | View Link
  • Foreclosures Continue to Ensnare NJ Families -- Along with at Least One Law Firm
    Usually, they did not initiate the loans, and must show the chain of transactions by which they acquired a particular mortgage note. At times, documents come only from a small private company established by major lenders, Mortgage Electronic Registration ...
    09/16/2015 - 5:49 pm | View Link
  • Law firm funding scheme hits £10m mark
    Set up by Just Costs Solicitors and Novitas Loans, the costs advance scheme does not require any personal guarantees and helps firms bridge the gap between applying for and receiving their case fees. Latest figures show that over £10m has been advanced ...
    05/21/2015 - 1:00 pm | View Link
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  • Martin Law Firm, P.L.
    Free Consultation - Call (844) 465-4357 - Martin Law Firm, P.L. is dedicated to serving our clients with a range of legal services including Personal Injury and ...
    10/21/2016 - 3:30 am | View Website
  • Hayber Law Firm
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    10/20/2016 - 8:42 pm | View Website
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