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   
  • Cerberus paid law firm £15m 'for access to Stormont government and other info'
    Cerberus paid £1.2 billion for a massive collection of property loans, taken over by the Irish Republic's toxic assets agency Nama after the economic crash.
    11/17/2016 - 1:03 am | View Link
  • 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
  • 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 ...
    05/29/2014 - 6:54 pm | View Link
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  • LeNoir Law Firm
    The following are the Top 5 New York Foreclosure Defenses as rated by the LeNoir Law Firm. The rankings are based solely upon the preferences of the LeNoir Law Firm.
    02/22/2017 - 10:11 am | View Website
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    Repo Finder provides free repossessed bank cars for sale, bank repossessed cars, credit union repossessions, and ATV repo lists among other repo sales service lists ...
    02/20/2017 - 11:28 pm | View Website
  • Home
    Four CA Regional Agritourism Summits in February & March. The University of California Small Farm Program and UC Cooperative Extension advisors in four California ...
    02/20/2017 - 12:58 pm | View Website
  • Guelph Ontario Lawyers
    SmithValeriote Law Firm LLP has 28 lawyers servicing the province of Ontario including the communities of Waterloo, Kitchener, Fergus, Cambridge, Elora and Guelph.
    02/20/2017 - 8:05 am | View Website
  • Martin Law Firm, P.L.
    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 Divorce cases.
    02/19/2017 - 2:04 pm | View Website
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