Bunkering Down: LLP Analysis Reveals Firms' Cash Management Through Pandemic
The latest law firm debt rankings show seven of the UK's top 50 firms cleared 100% of their borrowings in the 12 months to April 2021, but one in five still have a negative net cash position.
June 16, 2022 at 05:53 AM
3 minute read
LLP AccountsThe U.K.'s top 50 law firms radically reduced their debt burden during the pandemic, according to fresh research.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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