According to suits filed in January by Brobeck’s bankruptcy trustee the 223 former partners maintained their distributions–a total of $264 million in 2001 and 2002–even though the firm was insolvent and income fell dramatically through the period. How’d they do that?
The former partners of now-defunct law firm Brobeck, Phleger & Harrison in San Francisco didn’t let mere bad times stop them a few years ago. According to suits filed in January by Brobeck’s bankruptcy trustee, Ronald F. Greenspan, the 223 former partners maintained their distributions–a total of $264 million in 2001 and 2002–even though the […]