Bankruptcy Law

1069 ABA Journal Bankruptcy Law articles.

Law firms are staffing up on bankruptcy lawyers in anticipation of a post-COVID-19 boom

A lot remains unknown about our post-coronavirus future, but an onslaught of commercial bankruptcies seems inescapable—and law firms are taking a hard look at their bankruptcy and restructuring practice groups in anticipation of increased demand.

Afternoon Briefs: BigLaw’s big bankruptcy bucks; polyamorous ties recognized

Some BigLaw firms will earn big bucks in retail bankruptcies

Several large law firms will likely earn millions of dollars representing retailers such as Neiman Marcus, J. Crew and J.C.…

Top law firms fared surprisingly well during COVID-19 pandemic, survey says
Updated: The legal industry has fared surprising well during the COVID-19 pandemic, according to a survey of mostly larger law firms by Wells Fargo Private Bank's legal specialty group.
Afternoon Briefs: Sanctions can be discharged in bankruptcy, 9th Circuit says; BigLaw firms observe Juneteenth

Lawyer’s discovery sanctions can be discharged in bankruptcy, 9th Circuit rules

A suspended California lawyer may discharge more than $5,700 in discovery sanctions in bankruptcy, but she can’t discharge more…

At least 3 BigLaw firms charge more than $1K per hour for top associates
At least three large law firms are charging more than $1,000 per hour for bankruptcy work by senior associates, court filings indicate.
Bankruptcy partner returns to Kirkland after leaving to pursue musical interests
Former Kirkland & Ellis bankruptcy partner Jeffrey Gettleman returned to the firm in late March, about a year and a half after retiring from the firm to pursue his musical interests.
Afternoon Briefs: Bar exam pass rate hits new low in California; Ben & Jerry’s ‘happy cows’ suit tossed

California’s February bar exam pass rate drops to less than 27%

The pass rate for California’s February 2020 bar exam was 26.8%, which, according to the Recorder, is a record…

Afternoon Briefs: ABA backs stay-home exemption for legal services; PG&E to plead guilty in fire deaths

ABA: Exempt legal services from any US stay-home order

ABA President Judy Perry Martinez says legal services should be deemed essential and exempted from any national stay-home order. “The American…

Dissolved law firm has no right to profits in hourly fee matters taken to new firm, appeals court says
The bankruptcy trustee for the dissolved Howrey law firm has lost another round in his bid to claw back profits from partners who took hourly matters with them to new law firms.
Afternoon Briefs: Former BigLaw lawyer drops suit; judge resigns amid hostile-environment probe

Former Ogletree Deakins shareholder drops bias claim

A former nonequity partner at Ogletree Deakins, Dawn Knepper, has dropped her bias lawsuit against the firm. The notice of the dropped claims…

Law grad wins discharge of his student debt in opinion criticizing ‘punitive standards’
In what is being described as a “stunning” decision, a bankruptcy judge has ruled that a 2004 graduate of Yeshiva University’s Cardozo Law School may erase more than $220,000 in student loan debt.
Lawyer who created digital child porn to make a legal point can’t escape $300K judgment, court rules
An Ohio lawyer and expert witness who created digital child pornography in defense of his clients can’t escape a $300,000 civil judgment in bankruptcy, a federal appeals court has ruled.
Afternoon Briefs: Law students object to ‘Carey Law’ name; First Step Act beneficiary charged with murder

‘Carey Law’ doesn’t sit well with some Pennsylvania students and grads

Law students and alumni at the University of Pennsylvania are not happy about its Nov. 8 name change and…

BigLaw partner lists $166M in liabilities in Chapter 7 filing that would halt suit alleging Ponzi scheme aid
A Baker Donelson partner has filed a petition for Chapter 7 bankruptcy that would pause litigation contending that he aided a Ponzi schemer who was sentenced to 19.5 years in prison.
Disbarred lawyer loses appeal based on judge’s testimony against him
A federal judge who filed a grievance against a lawyer for conduct in his personal bankruptcy was permitted to testify against the lawyer in his disciplinary case, the Texas Supreme Court has held.

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