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Breaking news and analysis related to law firm dissolution and partner and creditor disputes.
By Amanda O'Brien | August 18, 2023
Philadelphia's Schnader Harrison is the latest example of a firm that would have been better off acting sooner rather than later.
5 minute read
By Amanda O'Brien | August 16, 2023
The soon-to-be defunct Philadelphia institution and the venerable New York shop have faced a similar set of obstacles in recent months.
8 minute read
By Amanda O'Brien | August 14, 2023
The firm had engaged in unsuccessful merger discussions with Dilworth Paxson, according to multiple sources.
2 minute read
By Dan Packel | August 10, 2023
Schnader Harrison Segal & Lewis is looking to steer clear of bankruptcy court as it winds down. Meanwhile, LeClairRyan remains the subject of litigation, four years after it announced plans to dissolve.
4 minute read
By Amanda O'Brien | August 10, 2023
"We have this month now to hopefully have partners transfer [to other firms] with their books of business, hopefully taking staff with them," said Duane Morris partner Les Corwin, who's overseeing the dissolution effort.
3 minute read
By Amanda O'Brien | August 9, 2023
The firm's wind-up committee will be led by current managing partner and executive committee member Theresa Loscalzo, former firm CEO and chairman David Smith, and the firm's general counsel and DEI co-chair Keith Whitson.
2 minute read
By Max Mitchell | Dan Packel | August 7, 2023
"There are some other firms similar to Schnader that are probably worried they could be looking at the same fate," said Brian Levinson, managing partner of the legal recruiting firm Alevistar Legal.
8 minute read
By Max Mitchell | Justin Henry | August 3, 2023
Firm partner and general counsel Keith Whitson said it will be "dissolving and winding up its affairs," but did not give a date for when the nearly 90-year-old firm will close its doors.
5 minute read
By Amanda O'Brien | August 2, 2023
"It's really hard to get law firms to embrace long-term planning because there's a high sense of urgency for the immediate," said Angela Sebastian, the former CEO of Chicago's Levenfeld Pearlstein.
5 minute read
By Amanda O'Brien | July 13, 2023
Attorneys, from junior associates to other firm partners, need to create backup plans well in advance of a rainmaker or founding partner retiring, experts say.
6 minute read
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