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At Year-End, Unfinished Business is Still Unfinished Business

As 2014 comes to a close and 2015 is now upon us, it has been a tumultuous year for large law firms that took on lateral partners from other big law firms that recently failed, such as Thelen, Howrey, Coudert Brothers, Heller Ehrman, and Dewey & LeBoeuf. Until this year, bankruptcy trustees had been riding high by asserting unfinished business claims against firms where these partners used to practice. Their prime theory is based on a California appellate court case from the 1980s, Jewel v. Boxer, which involved the dissolution of a four-lawyer firm and its book of contingent fee cases.  More ›