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.

Aug 1, 2020 12:50 AM CDT

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.…

Jul 7, 2020 4:27 PM CDT

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.

Jun 23, 2020 11:49 AM CDT

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…

Jun 15, 2020 4:38 PM CDT

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.

May 27, 2020 2:48 PM CDT

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.

May 18, 2020 2:59 PM CDT

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…

May 11, 2020 4:19 PM CDT

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…

Mar 25, 2020 4:05 PM CDT

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.

Feb 18, 2020 11:01 AM CST

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…

Feb 3, 2020 4:46 PM CST

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.

Jan 9, 2020 10:25 AM CST

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.

Jan 7, 2020 1:30 PM CST

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…

Nov 11, 2019 4:19 PM CST

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.

Nov 7, 2019 10:43 AM CST

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.

Oct 28, 2019 4:39 PM CDT

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