The embattled local businessman isn’t going down without a fight.
The shell of what’s left of Richmond law firm LeClairRyan was put into Chapter 11 bankruptcy protection on Tuesday, leaving creditors, including its landlord at the SunTrust Center downtown, on the hook for tens of millions of dollars.
The collapse of LeClairRyan continues to be an opportunity for its competitors in and outside of Richmond. The shuttered firm’s CEO also departed this week, while pondering his next move.
A disagreement over beer distribution rights has officially spilled into the courtroom in Richmond.
It’s been a busy summer of attorney shuffling in Richmond, fueled in large part by unrest at LeClairRyan. But other firms are getting in on the warm-weather poaching.
Local real estate firm Thalhimer has officially rid itself of a nearly two-year legal dispute with a former longtime employee.
LeClairRyan scored a legal victory last week against a controversial former client, even as it’s in the midst of going out of business in the face of a mass attorney exodus.
“If we win this, we’re going to blow a hole in the Virginia franchise law,” said Bell’s founder Larry Bell. “It’s going to change the brewer-wholesaler relationship in the state of Virginia, and I think we have a decent shot.”
The three-decade-old Richmond law firm that just a few years ago had nearly 400 attorneys is going out of business in the face of continued mass departures.
A week after its co-founder and namesake left for a downtown rival, more local LeClairRyan attorneys have followed suit.