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December 11, 2024 | New Jersey Law Journal

How New Jersey’s Pragmatic Bankruptcy Approach Sets It Apart Post-'Purdue Pharma'

The Chapter 11 filing statistics clearly show that New Jersey has emerged as a strong venue option. The question is why? The answer, we submit, is consistency and pragmatism.
7 minute read
December 06, 2024 | The American Lawyer

Clients Paid More for Less Experience in 2024 Rate Hikes

Firms raised the prices of their cheapest paralegals, associates and partners higher than rate hikes for more experienced professionals of the same tier, bankruptcy court records show.
3 minute read
November 19, 2024 | New Jersey Law Journal

Largest Law Firms: Locations, Starting Salary and Clients By Firm

Newark once again was the top most documented office location, with 21 in total, followed by Princeton, with 13.
22 minute read
November 08, 2024 | New York Law Journal

The Legal Landscape for Condominium Sponsor Defects Cases: Acting Before Time Runs Out

This article discusses coops and condominiums. "In New York, condominium sponsor defect cases provide essential protections for unit owners and boards of managers facing construction flaws attributable to the sponsor. Sponsors are responsible for overseeing the assembly, construction, and sale of condominium units, as well as issuing the offering plan that contains representations concerning the building's construction and design."
8 minute read
October 14, 2024 | The Legal Intelligencer

Phila., Del. Firms Handling UArts' Ch. 7 Petition Fall Far Below Top Bankruptcy Rates

Fox Rothchild's Michael Menkowitz, formerly the firm's financial restructuring and bankruptcy chair, has the highest rate among all the attorneys listed on the matter, bringing in $1,160 per hour.
3 minute read
Law Journal Press | Digital Book Pennsylvania Tax Handbook 2024 Authors: Stewart M. Weintraub, Jennifer W. Karpchuk, Chamberlain Hrdlicka View this Book

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October 03, 2024 | Delaware Business Court Insider

Texas Can't Touch Delaware on Corporate Bankruptcies

The gap between Delaware and the next most popular venue, the Southern District of Texas, widened in 2024.
3 minute read
October 03, 2024 | New Jersey Law Journal

NJ Lands Among Top Destinations for Corporate Bankruptcies

According to the report, the Garden State beat out the Southern District of New York, which has long been a mainstay of top bankruptcy venues.
4 minute read
October 02, 2024 | Legaltech News

Tracking Generative AI: How Evolving AI Models Are Impacting Legal

A running compilation of how the legal landscape continues to be shaped by generative AI tools, from GPT technologies to art generation tools and beyond.
215 minute read
September 24, 2024 | The American Lawyer

Senior Partners Approach $3,000 an Hour, As More Billing Rate Hikes Expected in 2025

About 16 Am Law 50 firms have third-year associates with rates over $1,000, but Valeo Partners project around half of the Am Law 50 to have rates of over $1,000 for this group of lawyers by 2025.
5 minute read
September 12, 2024 | Law.com

Avoiding Double-Dipping: U.S. Trustee Fees and Creditor Trusts

The U.S. Trustee has recently taken the position that GUC Trusts (creditor trusts formed under bankruptcy plans) should be required to pay fees on account of their own disbursements to creditors. The outcomes in three recent bankruptcy cases highlight different approaches to addressing the U.S. Trustee's argument: closing bankruptcy cases early, deferring the issue to a later date, or focusing on the distinction between contingent and non-contingent assets.
10 minute read

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