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Legal News

The AM Law Daily

Daily legal news from American Lawyer magazine.
By American Lawyer

Post Frequency: 9.5/day

Last Entry: March 30, 2011 at 21:00:00

Four Firms on (Yet Another) Coffee Deal

Posted on September 14, 2010
Who knew a coffee company could be such an active client?

Latham Launches iPhone App for Deal Lawyers

Posted on September 14, 2010
The firm has developed a digital glossary of more than 750 financial, legal, and regulatory terms used by capital markets and banking lawyers for a new iPhone application.

Are In-House Lawyers Second-Class Citizens When It Comes to Privilege?

Posted on September 14, 2010
A European court suggests they are.

Lehman Lawyer on Lack of Bailout: "I Did Not Think Such a Stupid Decision Could Be Made"

Posted on September 14, 2010
Former Lehman Brothers lawyers are talking, and what they're saying probably isn't making former Lehman higher-ups (or federal regulators) too happy.

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The Careerist: Are Flex/Part-Time Options Keeping Women Down?

Posted on September 13, 2010
The official big-firm party line these days is that flex-time and part-time options are yours for the taking, and that you can still stay on track (albeit perhaps a slower one) if you do. Sound too good to be true?

A Landmark Day for Auditor Liability?

Posted on September 13, 2010
The eyes of the auditing industry--and some major shareholders--will be on New York's highest state court on Tuesday.

A Wild Day in Tribune Case, Especially for Chadbourne

Posted on September 13, 2010
If things weren't crazy enough already...

The Churn: Lateral Moves and Promotions in The Am Law 200

Posted on September 13, 2010
A former U.S. ambassador to Australia and Japan is now with Akin Gump; two partners return to Foley & Lardner after running their own boutique in Palo Alto; and Sidley Austin finds a new global coordinator for its international arbitration practice...

HP Taps Three Firms for $1.5 Billion ArcSight Buy

Posted on September 13, 2010
The deal-happy information technology company has turned to Gibson Dunn, Drinker Biddle, and Freshfields for legal advice on the purchase of security software maker ArcSight. The deal comes just two weeks after HP beat out Dell to acquire data storage company 3PAR and more than a month after the company fired former CEO Mark Hurd.

Are the Rental Car Wars Over?

Posted on September 13, 2010
Hertz and Avis entered; only one can leave with Dollar Thrifty.

Tribune Trustee Draws the Line at Jones Day

Posted on September 13, 2010
No more law firms!

Make It Happen: Expert Career Advice for Associates

Posted on September 13, 2010
Law firms are good at hiring and firing associates, but when it comes to grooming them for career advancement...not so much. In a new book, The Art and Science of Strategic Talent Management in Law Firms, 14 professional development experts address the talent management issues law firms confront...

A Metric that Holds Partners Accountable for Associate Satisfaction?

Posted on September 12, 2010
Law firms that fare poorly in associate satisfaction surveys should pretend that there's a cost associated with these results that their short-term profit-maximizing metrics aren't capturing. Then, they should develop a method to evaluate partner behavior that takes into account the categories that contribute to satisfaction.

Four Firms Pitch in with Bell Canada's Deal for CTV

Posted on September 12, 2010
Five years after giving up a majority of its stake in CTV, Bell Canada has paid $1.25 billion to reclaim control of Canada's largest private television broadcaster. Stikeman Elliot; McCarthy T�trault; Torys; and Osler, Hoskin & Harcourt advised on the deal.

Rough Seas: Ex-Kirkland Lawyer Talks About Japanese Whaling Row

Posted on September 10, 2010
Dan Harris represents the marine conservation group Sea Shepherd, which has been involved in a high-profile dispute with Japanese authorities over the fate of environmental activist Peter Bethune.

The Careerist: Too Cool for School

Posted on September 10, 2010
Being well-liked is all good and well. But popularity among your peers will take you only so far in your career.

White & Case Chrysler Litigation Bills a Hot Topic in Indiana

Posted on September 10, 2010
The $2 million in fees paid to the firm for representing several Indiana pension funds that tried to block the Chrysler bankruptcy last year has become a political issue in the Hoosier State.

The Lawyer Who Upended "Don't Ask Don't Tell"

Posted on September 10, 2010
And he's got a story to tell.

Ken Starr Pleads Guilty to Fraud Charges

Posted on September 10, 2010
We know what you're thinking. No, it's not the former solicitor general. Instead Kenneth Starr, a former financial adviser to Hollywood's elite, agreed on Friday to change his plea to guilty in a high-profile fraud case.

Litigator of the Week: Jerome Falk, Jr., of Howard Rice Nemerovski Canady Falk & Rabkin

Posted on September 10, 2010
Falk admits he doesn't know much about the music of Marshall Mathers III, a.k.a. the rap musician Eminem. "It's not my kind of music. I listen to Stravinsky or Stephen Sondheim." But thanks to Falk, Eminem--and possibly many other musicians--may get much bigger royalties for their downloaded music.

Covington, Yolanda Young Destined to Keep Doing This Lawsuit Thing

Posted on September 10, 2010
Yolanda Young's case lives--for now.

Associates Survey 2010: Where Everybody Knows Your Name

Posted on September 09, 2010
In all the vast Am Law universe, Nutter, McLennen & Fish, a Boston-based mid-size general practice firm with just 150 lawyers, consistently ranks number one on our annual midlevel associates survey. What's its secret?

Freshfields Takes Lead for Vodafone on $6.5 Billion China Mobile Sell-Off

Posted on September 09, 2010
One of the world's largest wireless carriers announced on Wednesday that it would sell its 3.2 percent stake in China Mobile, the world's largest wireless operator by number of subscribers. A Freshfields legal team in Hong Kong and London advised Vodafone Group on the divestiture.

Foley Sponsors New U.S. Legal Directory for LGBT Lawyers

Posted on September 09, 2010
The National Lesbian, Gay, Bisexual & Transgender Bar Association has launched its first-ever directory of LGBT partners and LGBT-owned firms.

Major Lindsey Drops Suit Against Former Recruiter

Posted on September 09, 2010
Or at least part of it does, after a judge refused to fully dismiss the recruiting firm's claims against a former managing director for allegedly stealing proprietary data.

NALP Survey Says Salaries Flat--If You're Lucky

Posted on September 09, 2010
NALP reports that associate salaries didn't budge much between 2009 and 2010 in the biggest markets, but median salaries in smaller markets took a hit. Plus: Did Orrick's and Wilmer's merit-based compensation models keep third- and fourth-year associates from earning as much as their New York peers?

Freshfields, Leading Irish Firms Take Roles on Anglo Irish Bank Split

Posted on September 09, 2010
The Dublin-based bank has been teetering on the edge of insolvency due to a crushing debt load, and lawyers from three firms are on hand to advise on its gradual dissolution and reemergence as two separate entities.

Plaintiffs Firms Flooded with Whistle-blower Tips

Posted on September 09, 2010
The whistle-blower-friendly Dodd-Frank financial reform rules are keeping plaintiffs lawyers and the SEC busy.

Trench Warfare: Citi's Midyear Law Firm Review

Posted on September 08, 2010
During the first half of 2010, revenue was virtually flat, and demand was down slightly, compared with the same period in 2009. Inventory grew by less than 1 percent--hardly a robust rebound. Citi's latest numbers suggest that demand for legal services will remain weak--while competition heats up.

Alleged Jamaican Drug Lord Gets Another U.S. Lawyer

Posted on September 08, 2010
The yearlong extradition dispute over Jamaican businessman Christopher Coke, accused by federal prosecutors of smuggling illegal firearms and narcotics, led to some embarrassing allegations against Manatt, Phelps & Phillips. Now Coke is adding to his U...

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