August 29, 2023 | The Legal Intelligencer
Sacks Weston Files for Bankruptcy, a Year After Ex-Partner Copped to Stealing From FirmThe largest of the firm's liabilities is attributed to Virage SPV, which sued Sacks Weston earlier this year for allegedly breaching a nearly $6 million loan agreement and defaulting on the loan.
By Amanda O'Brien
2 minute read
August 29, 2023 | The American Lawyer
Did the Pandemic Derail Client-Level Succession Efforts?Relationships between clients and their individual lawyers became even stickier amid the Covid crisis, but there are clear paths for law firms to re-energize and clarify the client transition process.
By Amanda O'Brien
5 minute read
August 25, 2023 | The Legal Intelligencer
Compensation, Operating Costs Increasing Expenses for Philadelphia FirmsNew data from Citi Private Bank Law Firm Group shows that Philadelphia had the third highest expense growth of any of the country's regions through the first half of 2023.
By Amanda O'Brien
4 minute read
August 23, 2023 | The Legal Intelligencer
Philadelphia Firms Saw Hefty Expense Increases Over Past 6 MonthsOwen Burman, a senior consultant and managing director with Wells Fargo, indicated that firms based in the city are likely catching up with their peers elsewhere in the country.
By Amanda O'Brien
4 minute read
August 22, 2023 | New York Law Journal
Baker McKenzie Regulatory Co-Chairs, Seeking Greater 'Support,' Jump to K&L GatesAmy Greer and Jennifer Klass were recruited to build the practice from scratch in 2019, but they said they ultimately needed a firm that offered a broader set of skills and expertise to serve their clients.
By Amanda O'Brien
4 minute read
August 22, 2023 | The Legal Intelligencer
Dilworth Paxson to Hire Up to 20 Lawyers From Dissolving Schnader HarrisonThe group is composed of attorneys who'd previously belonged to Schnader's trusts and estates, litigation, real estate, and transactional practice groups.
By Amanda O'Brien
3 minute read
August 18, 2023 | The Legal Intelligencer
Ailing Firms Value Independence, Autonomy Over Survival, Delaying Vital Merger TalksPhiladelphia's Schnader Harrison is the latest example of a firm that would have been better off acting sooner rather than later.
By Amanda O'Brien
5 minute read
August 16, 2023 | The Legal Intelligencer
Schnader Waited Too Long to Merge, While Stroock's Fate Lies in the BalanceThe soon-to-be defunct Philadelphia institution and the venerable New York shop have faced a similar set of obstacles in recent months.
By Amanda O'Brien
8 minute read
August 14, 2023 | The Legal Intelligencer
Declined Credit Extension, Failed Merger Talks Led to Schnader ClosureThe firm had engaged in unsuccessful merger discussions with Dilworth Paxson, according to multiple sources.
By Amanda O'Brien
2 minute read
August 14, 2023 | The Legal Intelligencer
Prioritizing 'Client Contact,' Phila. Boutique Offers Coworking SpaceNochumson P.C. is more than doubling its square footage in its new Center City office, with one common area reserved as an "incubator space" for clients to come in and work alongside the firm's attorneys.
By Amanda O'Brien
4 minute read
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