News

From big firm to “boutique” firm

Another group of Richmond lawyers has caught the entrepreneurial bug. Fifteen lawyers from several LeClairRyan offices have left the Richmond-based law firm to set out on their own.

Prospect finalizes liquidation plan

A year after one of Richmond’s biggest homebuilders filed for Chapter 11 Bankruptcy protection, most of its property has returned to the lenders, and the company has a final plan to finish liquidating. And now unsecured creditors know what they will be getting.

Bank president makes “tough decision” to retire

With his company having lost nearly $19 million in the last two years and regulatory examiners breathing down the company’s neck, the head of Central Virginia Bankshares announced his plans to retire by year’s end, the company said Friday.

A renter’s market?

The vacancy rate for apartment units in Metro Richmond in the first quarter of 2010 was the highest it has been in five years, reports the real estate research firm Reis Inc.

Crushing waste

A Richmond entrepreneur has a way for that glass bottle you’re about to throw out to find new life as an industrial tool.

Monday Q&A: Still a pet project

In March one of Richmond’s biggest pet industry players sold her decades-old company to a bigger firm. The financial structure was straight-forward enough, but what made the deal unusual was that the two companies sell very different sort of products and have a different theory on how to train dogs.

The Docket: Circuit court roundup

This week overzealous debt collectors get hit with complaints, while a host of businesses try to collect past-due bills and a dance instructor upsets her former studio by trying to divert young dancers to another studio.