Dewey & LeBoeuf, a large international law firm based inNew York, recently filed for Chapter 11 bankruptcy protection. The collapse of such a large firm brings a question to the forefront of clients’ minds; what should I do if my law firm goes bust?
The Wall Street Journal addressed this very issue in an article recently published on their SmartMoney.com site. I provided comments for the article addressing how quickly clients need to act if their law firm declares for bankruptcy, what obligations law firms have regarding clients’ retainers, and the importance of having files transferred to another firm when court dates are pending.
Click on the link below to read my comments and the Wall Street Journal’s entire article “When Your Law Firm Goes Bust” on their SmartMoney.com site.
http://blogs.smartmoney.com/advice/2012/05/29/when-your-law-firm-goes-bust/
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