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Chapter 9 is neat but wrong solution to unions
Chapter 9 municipal bankruptcies fell in 2010, to six from 10 the previous year. Who went bust A couple of sanitary and improvement districts in Nebraska, a hospital in Idaho, a Texas municipal-utility district, a Missouri community-improvement district and a toll road in South Carolina, according to James Spiotto, a partner at Chapman Cutler in Chicago.San Bernardino Set to Become Third California Municipality to Go Bust in Three Weeks
In eyeing a Chapter 9 bankruptcy filing, the Inland Empire city—which is being advised by Stradling Yocca—follows Stockton and Mammoth Lakes.Midsized Law Firms Go for Big Changes
Even as the number of large firms continues to multiply and as rumblings grow louder of yet another first-year associate salary raise among the profession's giants, smaller firms may well lie at the forefront of big changes in the profession.Chicago's Midsized Firms Aim to Stay Independent
Midsized Chicago law firms are staking out plans for staying independent but are still open to mulling merger options, following moves during the past year by rivals to hook up with larger firms.Midsized Law Firms Go for Big Changes
Even as the number of large firms continues to multiply and as rumblings grow louder of yet another first-year associate salary raise among the profession's giants, smaller firms may well lie at the forefront of big changes in the profession.Trending Stories
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