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IN RE KECK, MAHIN & CATE

Bankruptcy No. 97 B 38580.

241 B.R. 583 (1999)

In re KECK, MAHIN & CATE, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

December 9, 1999.

Attorney(s) appearing for the Case

Larry Wolfson, David Neff, Christy Campbell, Jenner & Block, Chicago, Illinois, for Debtor.

Richard H. Fimoff, Robbins, Salomon & Patt, Chicago, IL, Harvey Greenfield, Laura M. Perrone, Law Firm of Harvey Greenfield, New York, for Jerry Krim.

Daniel Zazove, Barbakoff, Zazove & Glick, Chicago, IL, for Subordinated Debt Holder Comm.

Matthew Botica, Winston & Strawn, Chicago, IL, for Creditors' Committee.

Richard Friedman, Department of Justice, Office of the U.S. Trustee, Chicago, IL, for United States Trustee.

Caren Shulman, Wolf, Block, et al., New York, Eric Prezant, Vedder, Price, et al., Chicago, IL, Kimberly Browaty, Kirkland & Ellis, Chicago, IL, Tom Trombadore, Law Office of Adelman & Gettleman, for Mr. Dennis O'Dea.

MEMORANDUM OPINION

RONALD BARLIANT, Bankruptcy Judge.

BACKGROUND

Keck, Mahin & Cate ("Keck" or "the Debtor") was once a leading Chicago law firm with as many as 350 attorneys and 10 offices. In the 1990s, however, the firm's fortunes began to decline and it was never able to recapture its past glory. In 1997, more than a century after the firm began in the practice of law, Keck ceased the representation of clients and continued...

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