Law firm news by topic » Debt

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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New law school rankings weights for employment stats

Aug 28, 2012 The National Jurist has published its annual ranking of the Best Value Law Schools. The ranking takes into account the following criteria: tuition (25% of study), cost of living expenses (10%), average indebtedness upon…

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Dewey partners agree to $60 million clawback deal

Aug 21, 2012 Former partners at failed law firm Dewey & LeBoeuf have agreed to pay more than $60 million back to the firm. The settlement is an attempt to account for client fees that were partially earned at Dewey but were paid to…

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US court approves bonuses for Dewey administrators

Jul 31, 2012 A US federal bankruptcy judge has approved a plan to award $700,000 in bonuses to the administrators working to wind down business at bankrupt firm Dewey & LeBoeuf. The court overruled the objections of the US Trustee,…

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