The Dreier law firm is in turmoil following the arrest of its founder last week and reports of a separate federal investigation into firm finances.
Several nonequity partners told the Wall Street Journal they believe the 238-lawyer firm could collapse, spurred by the legal troubles and the departure of several groups of lawyers leaving for new opportunities. Marc Dreier, the firm’s founder and only equity partner, has been charged with criminal impersonation by Canadian authorities. Dreier, released Friday on $100,000 bail, is accused of impersonating an in-house lawyer with the Ontario Teachers' Pension Plan, the New York Law Journal reports.
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