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Florida's outside counsel undeterred by odds
Tampa attorney C. Steven Yerrid, who was named special counsel on oil spill issues for Florida, isn't worried about the competition.Rothstein Prosecutors Fear Attorney Fees May Bleed Estate Dry
With federal prosecutors grabbing for most of the assets left from Scott Rothstein's massive Ponzi scheme, it remains to be seen whether attorneys involved in his former firm's bankruptcy will reap the millions of dollars in fees originally expected from the case. Federal prosecutors are trying to muscle the bankruptcy attorneys out, and have succeeded so far. The government maintains it can get more money to victims of the $1.2 billion fraud faster than those administering the remains of Rothstein Rosenfeldt Adler.Ruden McClosky Loses 2 Equity Partners
Ruden McClosky has lost two equity partners, leaving the firm below the 40 equity partners required by its bank line of credit, according to sources. The departures mean the law firm must promote at least one lawyer to equity partner to comply with the bank's requirement. The latest exits appear to indicate Ruden still has not halted its downward spiral. Over the last year, what once was one of the strongest law firms in Florida has been plagued by mass defections, office closings and revenue shortfalls.Fla. Firm Bucks Trend, Raises Associate Pay
As other major law firms order layoffs and pay cuts, Gray Robinson is giving an average 8 percent raise to its associates.No End in Sight for Abramoff Investigation
The Justice Department has had plenty to brag about when it comes to the Jack Abramoff investigation. But how come it's not finished yet?What Can We Learn From the Implosion of Wolf Block?
The implosion of Wolf Block has led many, including this author, to wonder what went wrong. How can law firm leaders enhance chances for firm survival and growth in the face of a poor economy and limitations on lines of credit? By looking at the organizational elements, which dynamically interact to create a law firm that flourishes or one that heads toward dissolution, I will offer an answer to that question.Trending Stories
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