Business of Law

Personal Injury Law Firm Is Reportedly Making Layoffs After Reversal in Once-Winning $43M Case

A downstate Illinois law firm reportedly has made “significant” employee layoffs, according to a local government official, after the reversal by the state supreme court several months ago of a $43 million verdict in a case against Ford Motor Co.

The blow is one of several suffered in recent years by the LakinChapman law firm, notes the Madison/St. Clair Record.

Firm founder Tom Lakin has been disbarred and is in federal prison in Texas, where he is expected to serve another year before being released. And name partner Charles Chapman, a retired appellate judge, died earlier this year at age 69.

The article says that law firm attorneys contacted by the newspaper did not respond to requests for comment.

Additional coverage: “Once a Jet-Setter, Disbarred Ill. Trial Lawyer Serving Time in Coke Case Takes Plea in Teen Sex Case”

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