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   
BING NEWS:
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    07/7/2017 - 1:29 pm | View Link
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    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
  • Bankruptcy Attorney Reginald Osenton Remarks on Student Loan Discharges
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  • 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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