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Law Practice Management

Lawyers Find New Jobs Despite Stigma of Claimed $1B Rothstein Scheme

Posted Nov 19, 2009 1:13 PM CDT
By Martha Neil

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When a lawyer is looking for a new job because his or her law firm is dissolving, it obviously doesn't help if one of its founding partners is being accused of operating a $1 billion Ponzi scheme.

But neither has this situation prevented attorneys from Rothstein Rosenfeldt Adler from being snapped up by other firms, reports the Miami Herald.

A small firm in Fort Lauderdale, Fla., for instance, leaped at the chance to acquire a five-lawyer bankruptcy and commercial litigation group from RRA.

"This was a rare opportunity to get experienced lawyers of their caliber,'' says Arthur Rice of Rice Pugatch Robinson & Schiller. He adds: "Of course we asked questions."

His firm wouldn't even have reached out to the group, Rice says, if partners of his firm thought the incoming lawyers had anything to do with Scott Rothstein's alleged misadventures.

Related coverage:

ABAJournal.com: "Accused of Running $1B Ponzi Scheme, Rothstein Gives Up Law License"

South Florida Business Journal: "Rosenfeldt resigns from RRA"

South Florida Sun-Sentinel: "Does lawyer's murder need fresh look after Ponzi allegations?"

Updated at 3:37 p.m. to link to subsequent South Florida Business Journal article.

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