Amid Wave Of Defections, What's Going On With LeClairRyan?

By Sam Reisman (January 29, 2019, 11:09 PM EST) -- LeClairRyan's equity partnership has shrunk by approximately half in a little over a year, but its problems stretch back longer than that, including years marked by budget shortfalls and shrinking compensation, according to former partners and an arbitrator's award recently filed in Virginia federal court.

While LeClairRyan did not directly respond to questions about its performance and compensation, details regarding its financial health appeared in an award granted in October by an arbitration panel to a former shareholder who sued the firm for gender discrimination.

The award revealed that, for the first time in its history, the firm failed to make...

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