Ernie the Attorney : searching for truth & justice (in an unjust world)
Updated: 6/5/2003; 11:08:18 PM.


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Saturday, February 08, 2003

Law Student Blawger - Andrew Ayers is a 3L at Georgetown who reports, via E-mail, that he has a blog called Like A Blind Man.  I don't see evidence of blogging, but I do see some sign of an off-beat sense of humor.  Jeez, these crazy kids.
9:14:35 PM    

Another Blawger added - I've added John Maltbie, a New York lawyer practicing First Amendment & Media law, to the Law Blog Outline.  His blog is entitled, appropriately enough, ActualMalice: A Fire Sale in the Marketplace of Ideas.  Thanks to Denise for the heads-up.  Oh, and it has an RSS feed.
8:53:37 PM    

Blawging toward Bethlehem - I had a good meeting today with Al Robert, the 3L Loyola Law Student who created the wonderful site called Naked Ownership.  His inspiration for this wonderful site came from Howard Bashman, and his goal is to create a site that reports on Louisiana legal activities, and has links to useful Louisiana legal resources.  I predict that this site will become a valuable tool for Louisiana lawyers (at least those who use the Internet) in very short order.  He was even kind enough to let me have access to post to the Naked Ownership weblog.  Nice.

7:54:50 PM    

Dealing with expert witnesses - Bob Ambrogi has some very important news for you litigators who have to deal with expert witnesses. Specifically, I'm talking about his post entitled: Daubert Tool Lets Lawyers Track Expert's History.

2:16:39 AM    

The Fall of the House of Brobeck -  Rick Klau has a great post about Brobeck referencing the recent article: ABA Journal: A Giant Falls.  He points out that:

The ABA goes beyond the obvious soundbite and actually digs a little, exposing some of the root causes of Brobeck's failure. Turns out the firm borrowed heavily to finance the debt - the article not-so-subtly lays this decision at Tower Snow's feet - and couldn't make its quarterly partner distributions this month in order to afford the $26m debt payment due to Citibank.

The more interesting question raised by the article is what happens to the partnership in the wake of the dissolution:

David M. Neff, a partner at Piper Rudnick in Chicago who represents Peterson Ross, says any Brobeck bankruptcy could be legally significant. It would likely help define the extent to which partners in a limited liability partnership are protected from personal liability for firm debts. (See "Partners at Risk," August 2002 ABA Journal.)

"What I can tell you is that in any bankruptcy case, they will face challenges," Neff says of Brobeck lawyers. "It will test the LLP structure. We expected Arthur Andersen to be the big test case. It looks like it will be Brobeck instead."

And what of Citibank? This is the bank, after all, that has a private banking group just for law firms and counts more than  500 law firms and 35,000 lawyers as clients. $90m in debt for one client is a lot to bear. And how many other firms do you think they let finance their way to growth?

The article also mentions two more dissolutions in the past week: Skjerven Morrill (IP boutique in the Bay Area) and Peterson Ross (Chicago insurance firm). Is anyone doing a law firm dead pool?

I got the ABA article in my E-mail box this morning and I had put off reading it because (a) I was busy, and (b) I hate reading stuff like that in my E-mail window.  Thankfully, Rick has distilled the article for me, added intelligent commentary and given me some useful links to go along with the story.  Have I mentioned how much I like the blogosphere recently?

2:12:42 AM    

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