A redfin photo of the house where a Pierce Bainbridge client has allegedly lived for two years with the embattled law firm or its founder John Pierce apparently picking up the tab. The law firm of Pierce Bainbridge Beck Price & Hecht LLP has a $65 million debt to litigation funder Virage Capital Management, and firm founder John M. Pierce recently told Law360 the firm is … [Read more...]
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Virage Capital Says Pierce Bainbridge – $70 Million in Debt – Double Dipped on Collateral
Dan Garner - Back in August 2019, LawFuel was the first legal publication to raise concerns about the finances at Pierce Bainbridge Beck Price & Hecht LLP. In an article in Forbes, ex-partner Don Lewis said: "I was illegally expelled for speaking up. UCC liens, filed in March, show a '$9,157,072.95 default' to Pravati. . .If used responsibly, which was not the case at … [Read more...]
Pierce Bainbridge – Big-Time Clients, Big Time Problems: $50 Million Suit Dropped & $70 Million Debt
The high-profile clientele of Pierce Bainbridge Beck Price & Hecht LLP has substantially increased the spotlight on the battered law firm; and yesterday that light was searing. CNN reported that Tulsi Gabbard dropped a $50 million suit Pierce Bainbridge filed against Hillary Clinton. Hours after that report, the New York Law Journal reported that John Pierce … [Read more...]
The Ongoing Issues Relating To Pierce Bainbridge And The Litigation Funding Drama
Just yesterday, LawFuel reported on the “The $1 Billion Case & The Unfolding Litigation Funding & Legal Drama.” The article suggested that the relationship between Pierce Bainbridge Beck Price & Hecht LLP and Hecht Partners LLP, may have some issues. Hecht Partners was formed by ex-named-partner David Hecht of Pierce Bainbridge, where … [Read more...]
BREAKING NEWS: With a $65 Million Debt, Could Pierce Bainbridge Have Secured More Funding?
Dan Garner* The epic debacle of Pierce Bainbridge has been covered in detail by LawFuel. It would appear that a lack of leadership and serious ethical issues have been root causes of the firm’s problems. In that vein, former New York Office Managing Partner and named-partner David L. Hecht about whom United States Court District Judge Alvin K. Hellerstein found had … [Read more...]
‘Follow the Money, Mr Bond’ – The Money Trail From The Bond Villain Case of Sergey Grishin & ‘The Firm’, Pierce Bainbridge
LA Correspondent - Perhaps the most bizarre client of the imploding Pierce Bainbridge law firm, which has lost at least 50 lawyers in the last few months, is the “Scarface” Russian Oligarch Sergey Grishin. Grishin might well appear from a reading of the litigation he is involved in currently as something of a real-life version of a James Bond villain. As LawFuel reported … [Read more...]
The Pierce Bainbridge “Who’s Who” Series: The “Name-Partners” Edition in The Law Firm Drama
The Law firm for Rudy Giuliani, Tulsi Gabbard, Michael Avenatti, Carter Page, Don Lemon, Lenny Dykstra, Joan Dangerfield (Rodney Dangerfield’s widow) and a Russian Oligarch – Pierce Bainbridge Beck Price & Hecht LLP – reportedly racked up an “estimated $65 million debt” to Virage Capital Management in a year. Lack of ethics, lies under oath, misogyny from the top, … [Read more...]
