Law firm news by topic » Capital Contributions

Herbert Smith Freehills freezes pay in Australia

May 22, 2013 Herbert Smith Freehills has frozen salaries in its Australian offices, with the Australian managing partner Jason Ricketts informing staff at legacy firm Freehills that pay reviews have been deferred indefinitely, while…

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Dewey estate goes after former partners

Mar 29, 2013 The Dewey & LeBoeuf estate has filed suit against 18 former partners who refused to contribute to a settlement plan. The claim describes the former partners’ attempt to claim moneys owed to them (profit…

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US law firms call for more capital contributions

Feb 28, 2013 The American Lawyer has pointed out that law firms are increasingly relying on capital contributions from partners in an effort to decrease reliance on bank debt. After surveying financing data from 20 law firms, the…

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Citibank denies wrongdoing in Dewey loan case

Sep 20, 2012 Citibank N.A. has denied allegations that it conspired with the former leaders of the now-defunct Dewey & LeBoeuf to attract lateral partners with a Ponzi-like scheme aimed at paying off Dewey's debts to the bank through…

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