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The Legal Intelligencer

Schnader Harrison Faces Class Action Over Allegedly Misappropriated Attorney Compensation

The suit says that income partners and counsel were forced to defer a portion of their annual compensation into the firm's pension plan, despite the pension plan itself not requiring such a contribution, and that money was ultimately commingled with firm operating funds.
4 minute read

The American Lawyer

The Stroock Files: The Journey Through Lateral Exits, Merger Talks and Dissolution

Over a year's worth of reporting on the issues and events that led to Stroock's downfall
8 minute read

The American Lawyer

Looking Back at the Law Firms That Didn't Survive 2023

From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
7 minute read

The American Lawyer

In Stroock Dissolution, Partners Will Get Capital Back After Hogan Lovells Is Made Whole

Hogan Lovells, which acquired a team of 28 partners from Stroock and office leases in New York and Washington, is also a secured creditor, gaining rights to the firm's largest liability: a loan made by Chase Bank.
4 minute read

International Edition

From A&O Shearman to India: What We'll Still Be Talking About in Five Years' Time

The last 12 months have given the industry law firm collapses, splits, ransomware attacks and scandals, but the year will be remembered for other things, writes the Global Lawyer.
5 minute read

The Legal Intelligencer

Blank Rome Adds Former Federal Prosecutor to Pittsburgh Office

Yvonne Saadi is a veteran of the U.S. Attorney's Office for the Western District of Pennsylvania.
4 minute read

New York Law Journal

Hodgson Russ, Freeman Mathis & Gary Divvy Up Laterals From Dissolving Litigation Boutique

Ward Greenberg will cease operations at the end of 2023. Hodgson Russ will add 10 litigators and assume the firm's Rochester lease, while Freeman Mathis Gary will take the other nine litigators and leases in Philadelphia, South Jersey and Delaware.
5 minute read

The American Lawyer

'Everyone Was in the Dark': For Stroock Staff, No Communication, No Jobs

"Partners were not coming into the office much over the summer, and when they did, they didn't want to deal with questions," one former staffer said.
7 minute read

The American Lawyer

'A Lot of Hand Wringing': Stroock Leaders Act on Backup Plans to Failed Merger Talks

After Stroock's plan A of merging with another firm fell through, their plan B of dissolving the firm and relocating a portion of the firm is playing out.
6 minute read

The American Lawyer

Behind Stroock's Dissolution: Partnership Discord and Pension Burdens

"They didn't do anything when 45 people left a year ago," said a Stroock lawyer about firm leadership.
8 minute read

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