Who owns a departing lawyer’s receivables? 

Posted: 2:12 pm Fri, January 6, 2012
By Edward Poll

Large law firms like Howrey and Heller Erhman that went under in the Great Recession became the targets of personnel raids before their demise. Very good lawyers from these, and similar, law firms departed and joined other major, national law firms. The firms that lured them away certainly thought they were scoring a coup. But how many of these firms asked if their new lateral partners had any unwanted baggage?