BigLaw Banker's Robust List of Firms That May Fail

Oct. 26 (Bloomberg Law) -- Dan DiPietro, chairman of The Law Firm Group at Citi Private Bank, says he has a "somewhat robust" watch list of law firms that may fail in the coming months. "In this kind of economic environment, it's hard to imagine we wouldn't have some" additional firms shutting their doors, DiPietro says, but he doesn't expect to see a "huge spike" in the number. Global law firms are perhaps most at risk, facing high expenses and soft demand worldwide, with the U.S. fiscal cliff looming, Eurozone problems continuing and the slowdown in China developing, he tells Bloomberg Law's Lee Pacchia.
How Pollution Documentary Spawned 2 Billionaires in China
09:14 - March 4 -- Two Chinese entrepreneurs became billionaires as their companies rose to records on the prospect of new pollution laws after a Chinese documentary similar to “An Inconvenient Truth” sparked interest in environmentalism. Bloomberg's Christine Hah reports on "Trending Business."
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