A well researched and thoughtful article, Legal Strategy 101: It’s Time for Law Firms to Re-think Their Business Model from Wharton details what is wrong with the law firm market and how it might evolve.
The sudden dearth for liquidity has frozen many transactions, which has resulted in lesser work for lawyers. There is also an [...]
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Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor (”involuntary bankruptcy”) in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated [...] |
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