SFL Friday -- Happy Fourth of July, Plebes!

Can you believe it's Fourth of July weekend already, that time where we blow things up and shoot at things randomly, while others stand around and watch charred wood rapidly heat animal flesh, then everyone stabs it with their steely knives but we just can't kill the beast.

Dum da dum dum dum dum!

So Big Stu kept his trap shut -- omerta, baby.

Meanwhile, the prosecutors have a problem with all those huge bankruptcy attorney fees.

My solution -- Berger Singerman should hire Alison Lehr, problem solved?

Oh well, I'm out for the long weekend.

Before I go remember if you're unhappy blame agriculture, get your own credit card, and everyone should trim down for summer.

Have a great weekend!

How Not To Run A Law Firm.

There was an amended complaint filed a short while ago in the Rothstein forfeiture proceedings, you can see the Sun-Sentinel article here.

The docket is here and the amended complaint is here.

It's a pretty amazing list of crap if you take the time to absorb it all. Aside from the cars, houses, boats etc., there's also a 10 to 20 grand "guitar collection,"16 DuPont lighters, tens of thousands of AMEX gift cards, and a partridge in a pear tree.

Paragraph 14 is instructive:

In one year, prosecutors wrote, the Rothstein Rosenfeldt Adler law firm brought in just $8 million but salaries for the workforce were $18 million. "The additional $10 million for salaries, as well as the other expenses for operation of the law firm, came from the operation of, and the funds generated , by the 'Ponzi' scheme," according to documents filed by Assistant U.S. Attorney Alison Lehr and Taryn Guariglia, an IRS special agent.

So folks at the firm were paid from allegedly stolen funds?

Also, how is it possible a seventy-lawyer firm could only bring in $8 million in revenues? What kind of business model is that?