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Law Practice

Apr. 18, 2009

Partners May Have to Pay Back Heller

Bankrupt San Francisco law firm Heller Ehrman is struggling to pay its creditors and may try to squeeze money out of its former partners.

By Jill Redhage
Daily Journal Staff Writer

SAN FRANCISCO - As bankrupt San Francisco law firm Heller Ehrman grapples with the realization that it has far less cash than expected to pay creditors, big questions hang in the balance: How much more can the firm collect from outstanding bills? How much will contingency fee work bring in? What about the profits it paid partners when they still worked at Heller, but the firm was insolvent?

And, perhaps m...

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