Mayer Brown slowed repayment of departing partners’ capital investments in recent months as the firm faced unpaid client bills and an outflow of money tied to exiting U.S. partners.
Last summer, Mayer Brown leaders changed firm policy to take up to six months to return departing partners’ capital investments-which can be hundreds of thousands of dollars per lawyer-instead of handing it back immediately, said former partners who asked not to be identified.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
