From Law.com 

"Beginning in the fall of 2004, partners in Dallas-based Jenkens & Gilchrist who left the firm also left behind their capital contributions, which in some cases totaled hundreds of thousands of dollars, due to the firm’s "contingent liabilities. The former Jenkens partners who left their cash behind may never see a penny of it, or they may recoup some of it, depending on what’s left over after the firm covers all of its financial obligations in the wake of its closing on March 31.

Gilliam, a commercial litigator, says his primary job is to address litigation against the firm and to try to resolve 15 pending suits, which primarily are legal malpractice cases filed in state courts in Texas, New Jersey and California. He says the firm has "large exposure" in a couple of the suits, but "in those cases we feel like we have viable defenses."

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