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.
Stabilizing Markets: Is China Doing the Right Thing?
37:00 - Aberdeen Asset Management Senior Investment Manager Ben Ritchie discusses the Chinese stock rout and the measures regulators are taking to stabilize the market. He speaks to Bloomberg’s Anna Edwards on “Countdown.” (Source: Bloomberg)
  • BOE Would Have More Cover If Fed Raises First: Sentance
  • China Selloff Consistent With Rebalancing Economy: Juckes
  • Has China's Stock Rout Shaken Investor Confidence?