Bankruptcy Law

1073 ABA Journal Bankruptcy Law articles.

LeClairRyan gave joint venture ‘unprecedented control’ and priority payments, bankruptcy trustee says
The joint venture between LeClairRyan and alternative services provider UnitedLex was intended to help keep the law firm afloat, but the combination “only served to plunge LeClairRyan further into insolvency,” according to the Chapter 7 trustee for the bankrupt law firm.
Afternoon Briefs: Justice Ginsburg officiates wedding; more women and minorities join GC ranks

Justice Ginsburg officiates wedding

U.S. Supreme Court Justice Ruth Bader Ginsburg officiated at an outdoor wedding Sunday, about a month and a half after revealing that she was receiving…

Afternoon Briefs: Bankruptcy classes more popular; John Pierce representing teen in Kenosha shootings

More law students are taking bankruptcy classes

Some law professors are reporting the demand for their bankruptcy classes is booming. Ronald Mann, a Columbia Law School professor, told Thomson Reuters…

Afternoon Briefs: Progressive groups mull judicial possibilities; 2 law deans each donate $125K to help law students

Progressive groups mull judicial recommendations

Progressive groups are considering lawyers they would like to see named to the federal bench if presumptive 2020 Democratic nominee and former Vice President Joe…

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.

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