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.

Why Adelson Sees Japan as Ultimate Business Opportunity
58:30 - Japan is the ultimate business opportunity for Las Vegas Sands Corp., said billionaire chairman Sheldon Adelson as he envisions an integrated resort that would attract convention tourism and boast a record number of slot machines. Bloomberg's Chris Cooper reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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