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
  • 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
  • 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
  • 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
  • Chicago law firm wants Miss. jury award overturned
    They lied to my client and they lied to the lender." David Clark, the attorney for Baker & McKenzie, told the Supreme Court there was communication with Evans about the loans. Clark said documents show Evans raised no objection and raised no concerns about ...
    07/17/2012 - 1:34 am | View Link
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  • the St. Louis law firm of Gray, Ritter & Graham
    Your customizable and curated collection of the best in trusted news plus coverage of sports, entertainment, money, weather, travel, health and lifestyle, combined ...
    03/16/2018 - 1:16 am | View Website
  • Law firm news and more | BigLaw
    A&O wide pay gap data nonetheless competitive with rivals’ Mar 12, 2018 Allen & Overy has joined several other magic circle firms in releasing earnings data as it ...
    03/15/2018 - 7:58 am | View Website
  • Bankruptcy HQ | Bankruptcy Attorney, Free Evaluation ...
    Bankruptcy information: chapter 7 vs chapter 13. Receive a no-obligation, $0 fee consultation from a local bankruptcy attorney. Call 877.219.3151.
    03/14/2018 - 7:20 pm | View Website
  • Roberts & Roberts Law Firm | Real Estate, Probate, Estate ...
    Killeen law firm of Roberts & Roberts, serving the real estate, probate, estate planning, and business law needs of Bell, Lampasas and Coryell Counties
    03/14/2018 - 5:58 am | View Website
  • Latham & Watkins LLP
    With a global team of real estate lawyers, Latham & Watkins is one of the few law firms capable of transatlantic deal-making.
    03/14/2018 - 2:23 am | View Website
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