The question of who is entitled to the profits from lawyer fees after the collapse of a law firm is a hotly contested one, and the issue is currently playing out in the New York Supreme Court. Also at issue is
Law firm news by topic » Thelen
A new federal court ruling in New York has challenged the orthodoxy that failed law firms can pursue former partners to recoup profits from unfinished legal work that was taken to their new firms. The decision
Here is an interesting article about the losses suffered by law firm partners when large law firms fail. Of course, partners generally have a greater financial buffer to protect them than do associates and support staff,
This is an interesting article about the plight of associates that find themselves in a failing law firm. The article looks back to the period from late 2008 through the end of 2009, when a string of law firms were
2010 was the slowest year for partners making lateral moves since 2000. In the 12 month period ending 30 September 2010, just 2,014 partners left or joined top law firms in the US – a 27 per cent decrease on the
Thelen LLP, a US law firm founded in 1924 in San Francisco, filed for Chapter 7 bankruptcy in the Southern District of New York on Thursday night, almost a year after the firm voted to dissolve. The firm said
The American Lawyer publishes list of dead law firm web sites.
The international law firm of Chadbourne & Parke LLP announced today that James A. Stenger has been named counsel at the firm in its communications, media and technology practice. Stenger who joins Chadbourne from Thelen
Nixon Peabody has added 11 attorneys from Thelen to its energy and environmental practice across three offices. Milwaukee-based Foley & Lardner has added three former Thelen partners in New York.
Three Thelen associates and a staff member filed suit against Thelen in the U.S. District Court for the Northern District of California, alleging that the firm violated the WARN Act by not giving 60 days' notice prior to
Chicago-based Winston & Strawn is the latest to profit from the demise of Thelen, hiring 19 Thelen lawyers into three of its offices, reports The Lawyer. The nine-partner, 10-associate haul is third largest to emerge
Thelen LLP, a 400-attorney San Francisco firm founded in 1924, is poised to be the latest corporate-law firm forced out of business amid an industrywide slowdown. The partnership council of the firm has confirmed that
According to the Recorder, Thelen's chairman Stephen O’Neal and 30 or so lawyers from Thelen’s construction and mass torts practice are currently in talks with Howrey, in the hopes of closing a deal within the next
The economic downturn has forced many law firms to downsize and cut spending. But a smaller group is on the prowl, looking to expand even as their earnings are falling...
Thelen is the latest firm seeking a merger to shore up the firm in the wake of significant partner departures. According to sources close to the situation, Thelen and Nixon Peabody may have an agreement pending. A