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Municipality's Bankruptcy Believed to Be a First
A Pike County township hit with a $20 million judgment is believed to have become the first Pennsylvania municipality to successfully reorganize using a Chapter 9 bankruptcy proceeding.Partners Trade Firm Life For Business Challenges
Why did Robert Cloues leave Morgan Lewis & Bockius in January 1998 after 25 years with the firm -- almost 20 as a partner -- to take the helm of a 500-employee industrial-feeder manufacturer that was on the brink of bankruptcy only three years before?
Hangley Aronchick Raises Associate Salaries to $135,000
Philadelphia's $135,000 starting associate salary bandwagon just got a little more crowded. Hangley Aronchick Segal & Pudlin's board of directors voted last week to raise the firm's entry-level associate salaries from $125,000 to $135,000, effective July 1. The firm appears to be the first in Philadelphia with less than 50 attorneys to offer $135,000 to its associates. The announcement came on the heels of a survey that indicates clients want to be a part of the salary-hike discussions.Bingham McCutchen to Acquire Swidler Berlin
After eyeing the Washington, D.C., market for years, Boston-based Bingham McCutchen plans to acquire the ailing Swidler Berlin, a Bingham spokesman confirmed Thursday. The deal awaits approval by both partnerships, and due diligence is not yet complete, but this week the firms signed a letter of intent. The match would give the 850-lawyer Bingham a substantial Washington presence, more than tripling the firm's 55-lawyer D.C. office. For Swidler, the merger comes at the end of a long downward spiral.Pa. Firm Adds Nine Lawyers as Bankruptcy Boutique Folds
Eckert Seamans Cherin & Mellott has added nine attorneys to its Philadelphia office from bankruptcy firm Adelman Lavine Gold Schildhorn & Kleban, effectively closing the nearly 60-year-old boutique. The group, which includes three of Adelman Lavine's name shareholders, starts at Eckert Seamans on April 2. The remaining Adelman Lavine attorneys are headed to different firms; three of them will open the Philadelphia and Wilmington, Del., offices of Ohio-based Benesch Friedlander Coplan & Aronoff.Trending Stories
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