Pierce Bainbridge Founder Admits Missteps, Vows Comeback

Law360 (May 5, 2020, 2:47 PM EDT) -- Pierce Bainbridge grew too big, too quickly and spent too much money trying to become "the next dominant global litigation firm," founder John Pierce told Law360, acknowledging a series of missteps even as he vowed to rebuild the struggling litigation boutique.

Despite the departure of roughly 60 attorneys in the past six months, a seemingly unpaid $65 million tab with litigation funder Virage Capital Management LP and a series of recent lawsuits targeting Pierce and Pierce Bainbridge Beck Price & Hecht LLP over alleged defaults on small business loans, Pierce said his firm is not calling it quits.

"I can assure you that...

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