Law Firm Closures
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Biglaw
Will Former Stroock Partners Ever See Their Capital Again?
Former Stroock partners would love to know if they're going to receive a distribution of capital as part of the firm's wind-down process. Their wallets are waiting... -
Biglaw
Stroock Staffers Were 'Ignored' By Partners, Left 'In The Dark' About Firm's Dire Straits
Stroock staffers are now facing layoffs amid an uncertain employment market, and say they were left to fend for themselves during the firm's troubles. - Sponsored
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Biglaw
Partners Need To Leave Stroock ASAP, Lest They Risk Their Profits
Get out before the dissolution, Stroock partners, because your money depends on it.
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Biglaw
Bankruptcy Option Won't Be 'Pretty' For Stroock
Here's why Stroock will do anything it can to stay away from bankruptcy. -
Biglaw
Stroock Working On Wind Down, Trying To Keep Firm Out Of Bankruptcy
This mess started when the firm lost its bankruptcy group, and now the firm doesn't want to end up in bankruptcy. -
Biglaw
Stroock To Dissolve, Close Its Doors After Nearly 150 Years In Business
The firm knew of these plans since last week. -
Biglaw
Partners May Be Able To Find Lateral Safety At Other Firms If Stroock Closes Its Doors
Maybe even at firms that were discussing merging with Stroock.... -
Midsize Firms / Regional Firms
'Historic' Midsize Firm Decides To Close Its Doors For Good
Many were shocked by the firm's choice. - Sponsored
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Morning Docket
Morning Docket: 09.04.19
* Just in case no one saw this one coming, LeClairRyan has filed for bankruptcy. The firm owes $15 million to two secured creditors. [American Lawyer]
* Like it or not, the next recession is coming: Some law firms will struggle more than others, and “once this party ends, its going to end very quickly and it’s going to end very severely.” [Big Law Business]
* What’s wrong with the bar exam? This is what the National Conference of Bar Examiners’ Testing Task Force is taking its sweet time trying to figure out. [Law.com]
* Law school classes come in all sizes, but you may want to think about how yours will affect the attention you’ll receive, your social life, your networking opportunities, and most importantly, your ranking. [Law Admissions Lowdown / U.S. News]
* Thank u, next? Pop star Ariana Grande has filed a $10 million lawsuit against Forever 21 after the store allegedly hired a look-alike model for a social media campaign, rather than Grande herself. [THR, Esq. / Hollywood Reporter]
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Biglaw
LeClairRyan: Mistiming The End Of The Legal Monopoly
Leadership at the collapsing Am Law 200 firm pushed all in on a vision of the future that never came to pass. -
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Biglaw
Biglaw Firm Finally Admits It's Closing
Associates have been informed their last day at the firm will be August 30th. -
Morning Docket
Morning Docket: 05.13.19
* According to President Donald Trump, former White House counsel Don McGahn “had a much better chance of being fired” than special counsel Robert Mueller because Trump claims he was “[n]ever a big fan” — but that’s probably because McGahn refused to issue a public statement saying he didn’t believe the president obstructed justice. [Washington Post]
* President Trump wants to stop federal judges on lower courts from issuing nationwide injunctions that are screwing up his plans to make America gross again. Even VP Mike Pence hopes the Supreme Court will step in to put an end to the practice. [The Hill]
* Ronald S. Sullivan Jr., the Harvard Law professor who is representing accused rapist Harvey Weinstein, has lost his job as a faculty dean at an undergraduate house thanks to his controversial client. [Boston Globe]
* “ I know that when I walk into a room that I’ll be underestimated. I’m aware that I need to prove myself. It doesn’t bother me.” Hailyn Chen, a 43-year-old litigator of Chinese descent, is the new co-managing partner of Munger, Tolles & Olson. Congratulations! [American Lawyer]
* Professor Ian Samuel of Indiana Law has resigned from his job following the conclusion of the Title IX misconduct probe against him, which “probably had the side effect of saving [his] life” because he “was becoming an ugly man.” [Big Law Business]
* Now that its managing partner is taking his business to Blank Rome, Morris & McVeigh, one of New York City’s oldest law firms, will be closing its doors after about 157 years in business. [New York Law Journal]
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Midsize Firms / Regional Firms
That Awkward Moment When Another Law Firm Pronounces Your Law Firm's Death
Sorry, but this law firm isn't completely dead yet. -
Biglaw, Small Law Firms
Reflecting On Those We Lost In 2017
Many law firms die. Not every law firm really lives. -
Biglaw
Sedgwick: Death By Billable Hours
Am Law 200 firm Sedgwick LLP had great clients and plenty of work: how did it go bust? -
Morning Docket
Morning Docket: 03.03.16
* Polsinelli has gutted Novak Druce by hiring away 44 lawyers from the firm in a mass lateral move, including two of its name partners. The suffering IP boutique will shutter its doors and wind down its legal practice for good. [Big Law Business / Bloomberg BNA]
* A source says that Judge Jane Kelly of the Eighth Circuit is being vetted as a potential nominee to replace Justice Antonin Scalia on the Supreme Court. The Iowa judge could make Senate Republicans squirm since she was confirmed unanimously just three years ago. [New York Times]
* “You’re making a commitment that has very little room for escape.” Kirkland & Ellis increased its notice period to 120 days, and partners are wondering whether other firms will follow suit and make it even harder for them to leave. [Crain’s Chicago Business]
* SCOTUS watchers say the justices appeared “deeply divided” during oral arguments in the Whole Woman’s Health case, but some think Justice Kennedy may decide to punt it — perhaps giving time for Justice Scalia’s replacement to be confirmed. [USA Today]
* Attention sports fans: The NFL’s Hail Mary appeal of the Deflategate case will be heard by a three-judge panel of the Second Circuit today. At an estimated $20 million total, the legal bill on this action could be one for the Pro Football Hall of Fame. [WSJ Law Blog]
* Louisiana is a state with notoriously harsh punishments for marijuana-related crimes, but it may be considering legalizing weed for recreational use. Dealing drugs seems like it’d be a quick and easy way for the state to get out of its $850M debt. [Daily Beast]
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Layoffs, Midsize Firms / Regional Firms
Large Law Firm Suddenly Closes, Leaving 100+ Lawyers Jobless
This large firm turned into a fly-by-night operation due to its precarious financials. -
Layoffs
Law Firm Suddenly Shuts Down, Leaving Nearly 100 Jobless
Which firm will be closing all of its offices for good? -
Layoffs
Struggling Firm Will Close Its Doors By Year's End, Leave All Lawyers Jobless
Which firm will be shuttering all of its offices for good?