Howrey

Dealing with the contingency payment adjustment was "difficult" for Howrey partners, partly because the arrangement contributed to the law firm's dramatic swings in profitability and revenue, Mr. Ruyak said.

Law Firms Feel Pinch Vanessa O'Connell 2011

"The challenge really at Howrey was the business model," with its focus on litigation and its global scale, said Mr. de Wolf, himself a former partner at Howrey.

Law Firms Feel Pinch Vanessa O'Connell 2011

He says one of the biggest pools of cash most likely lies at the law firms that hired Howrey's former partners.

Debts of Defunct Law Firms Haunt Partners in Next Job Jacqueline Palank 2011

Howrey bankruptcy trustee Allan Diamond , who was appointed last month to manage the defunct firm's liquidation, is just starting to investigate potential lawsuits he might bring to recoup money.

Debts of Defunct Law Firms Haunt Partners in Next Job Jacqueline Palank 2011

The industry is closely watching the aftermath of the collapse of Howrey LLP, a prominent global law firm that specialized in corporate litigation.

Debts of Defunct Law Firms Haunt Partners in Next Job Jacqueline Palank 2011

Allan Diamond Mr. Diamond, the court-appointed liquidator of defunct law firm Howrey LLP, knows when to take a hard line and when to settle in the legal battles he has launched over the past three decades against a host of Wall Street firms, corporate giants and company executives, Mr. Taylor says.

Howrey's Pragmatic Steward Jacqueline Palank 2011

Howrey, which expanded far and fast during its 55-year history, was once home to more than 700 attorneys globally and served big corporate clients such as Yahoo Inc. and General Electric Co.

Debts of Defunct Law Firms Haunt Partners in Next Job Jacqueline Palank 2011

The 22% increase partly was attributable to the demise of Howrey LLP, which put more than 200 partners on the market.

Law Firms Pursue Growth by Poaching in Tough Climate Jennifer Smith 2012

It's a balancing act that Mr. Taylor says makes Mr. Diamond "perfectly suited" for his new role in Howrey's liquidation, during which he is likely to file dozens of lawsuits seeking to recoup money for the firm's creditors.

Howrey's Pragmatic Steward Jacqueline Palank 2011

Representatives of Dewey & LeBoeuf and Baker Botts declined to comment on the Howrey case.

Debts of Defunct Law Firms Haunt Partners in Next Job Jacqueline Palank 2011