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:
  • Europe Investment Banking Fees Climb Faster Than Rest of World - BusinessWeek
    Europe Investment Banking Fees Climb Faster Than Rest of World - Washington Post
    08/20/2014 - 8:04 am | View Link
  • Foresight Solar Fund Limited FSFL Foresight Solar Fund Limited : ... - Digital Look
    Ohlsson is managing partner for the law firm Carey Olsen in Jersey. He is recognised as a leading expert in corporate and finance law in Jersey...
    08/19/2014 - 2:25 pm | View Link
  • REG-Foresight Solar Fund Limited : Half-yearly report - Reuters
    Ohlsson is managing partner for the law firm Carey Olsen in Jersey. He is recognised as a leading expert in corporate and finance law in Jersey...
    08/19/2014 - 2:22 pm | View Link
  • Jamie Dimon’s $13 Billion Secret - AlterNet.org
    Eli Lilly’s Church Claims JP Morgan Chase Mismanaged Millions - Christianity Today
    08/18/2014 - 8:29 am | View Link
  • U.K. Banks Said to Be Probed Over Government Business-Loan Plan - Washington Post
    UK banks to be probed over government loan programme - The Gulf Today
    08/18/2014 - 7:37 am | View Link
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YAHOO NEWS:
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    New provisions requiring accelerated payment of tax in certain tax avoidance schemes, which became law last week, will be extended to National Insurance Contributions (NICs) two months after the National Insurance Contributions Bill 2014 becomes law, the government has announced .
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  • District 11 barbs fly for GOP primary
    U.S. Rep. Kerry Bentivolio is trying to show his 2012 election wasn't a fluke, although his Republican primary opponent has outspent him by a 20-1 margin in the past three months and is backed by most GOP power brokers in the Aug. 5 primary.
    07/21/2014 - 2:17 am | View Link
  • How Smart Lending Dumbed Down
     Between 2008 and 2010, Wonga was doing something mind-bendingly stupid: sending letters from fake law firms to borrowers behind on their loans. It sounds like a bad office prank. They even took the firm names from apparently still current employees — except when you consider that they did it 45,000 times and that it will cost them £2.25 million to give each injured party just £50 in… Read More
    07/19/2014 - 9:08 pm | View Link
  • Lloyds 'misleading' letter revealed
    An example of a letter sent out to Lloyds customers by a law firm - but actually from Lloyds Bank itself - has been published by MPs
    07/17/2014 - 8:14 am | View Link
  • 5 Types of Bad Credit Loans to Avoid
    Bad credit loans should just be called bad loans. Here are some common bad credit loans -- and why it's better to stay away. If the interest rate is in the double digits and the time period you have to pay off the car is longer than four or five years, this is not a good deal. Katie Moore, a Detroit-based counselor with GreenPath Debt Solutions, a nationwide nonprofit that helps consumers with ...
    07/15/2014 - 10:52 am | View Link
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BING NEWS:
  • 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
  • 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 ...
    02/5/2014 - 9:33 pm | 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
  • 8th Circ. Pans 'Show-Me-The-Note' Suit Against BofA, Law Firm
    The plaintiffs brought the action on behalf of a putative class of individuals who had initiated mortgage loans with Countrywide Financial ... ruling that the Butlers were bringing a faulty "show-me-the-note" action alleging BAC couldn't foreclose on ...
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  • BofA’s Law Firm Says Lenders May Need More Loan Reserves
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    08/8/2012 - 6:17 am | View Link
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BING SEARCH:
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    Located in Falls Church, the Virginia loan modification lawyers at The Strong Law Firm can help you with home loan modifications, mortgage modifications and payment ...
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    Registered California law firm with a team of attorneys for debt settlement and bankruptcy solutions.
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    Riverside and San Bernardino Attorneys. At De Novo Law Firm, we shave recovered millions for clients. We have also saved clients millions in dollars through ...
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    most popular articles get combo title and securitization analysis – click here clear violations of tila, respa, and udcpa prospectus cwalt quicken loans ...
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