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.
China’s Rally Has Legs to Run a Bit Longer: Sullivan
21:15 - Haitong International Securities Sales Trading Managing Director Andrew Sullivan discusses China’s stock rally and if it will continue. He speaks to Bloomberg’s David Ingles, Rosalind Chin, Angie Lau and Rishaad Salamat on “Asia Edge.” (Source: Bloomberg)
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