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Possible Legal Troubles for Departed Partners of Dreier

published February 06, 2009

By CEO and Founder - BCG Attorney Search left
Published By
( 14 votes, average: 4.5 out of 5)
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02/06/09

Possible Legal Troubles for Departed Partners of Dreier


Departed partners of Marc S. Dreier's recently diminished firm may be facing legal troubles. According to some attorneys, who are familiar with bankruptcy law, the departed partners might be held liable for any of the firm's debts, and also face disciplinary action for any missing escrow funds. They also might be asked to return income they received from clients for work on unfinished matters they took with them when they left the firm.

Olswang, Preparing for Cuts

UK based Olswang has begun a redundancy consultation aimed at 8% of the firm's 618 employees. The firm announced today that up to 42 staff in the UK will be affected by the cuts, which will include salaried partners, fee earners, and support staff. Olswang said, however, that the final number of layoffs could be lower.

Linklaters ' Lay Offs
UK Firm Linklaters continues its "Project New World" program. The program will focus on restructuring the firm to become smaller and more profitable. "We're confident that we've got our strategy right," said Simon Davies, managing partner at Linklaters. The firm recently cut 270 jobs in London as part of the plan.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published February 06, 2009

By CEO and Founder - BCG Attorney Search left
( 14 votes, average: 4.5 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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