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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

Baker Botts Moving from Lockstep to Merit

Posted on July 30, 2010
Baker Botts informed associates this week that the firm will move from its lockstep approach in determining pay and promotions to a merit-based system beginning January 1, according to Am Law Daily sibling publication Texas Lawyer.

Ex-Jackson Walker Lawyer Snared in Federal Case Against Wyly Brothers

Posted on July 30, 2010
Michael French was also "affiliated" with Jones Day at one point, according to a Senate subcommittee report.

The Battle of Boise: Lawyers Argue Over Venue for BP, Toyota Litigation

Posted on July 30, 2010
More than 100 lawyers argued before the seven-member U.S. Judicial Panel on Multidistrict Litigation in Boise, Idaho, on Thursday over which U.S. courthouse should host the influx of BP oil spill litigation, according to Am Law Daily sibling publication The National Law Journal...

Davis Polk, Cravath, O'Melveny See Shareholders Kill $1.6 Billion Deal

Posted on July 30, 2010
Oh well.

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Silent Grief

Posted on July 30, 2010
The relative frequency with which lawyers in large firms have taken their own lives is disconcerting. Does the interaction between the dominant large-firm business model and the economic downturn provide a partial explanation?

DLA Piper, Herbert Smith Lead on $9 Billion Utilities Deal

Posted on July 30, 2010
It's amazing how big an empire you can construct out of plastic flowers.

Patton Boggs, White & Case Advise on Hess Buy of American Gas & Oil

Posted on July 30, 2010
In a deal announced Tuesday, Hess Corporation said it will acquire American Oil & Gas Inc. in an all-stock transaction valued at roughly $445 million. Once finalized, the acquisition will boost Hess?s holdings in North Dakota?s Bakken Oil Play by approximately 85,000 acres...

The Bankruptcy Files: Razors, Outsourcers, and Telecoms

Posted on July 29, 2010
Simpson Thacher snares a debtors' side assignment, while regional firms Frost Brown Todd and Womble Carlyle also pick up work in bankruptcy court.

Paul Weiss, Wachtell, Skadden on Citi's $75M Settlement

Posted on July 29, 2010
But will the $75 million settlement with the SEC help private lawsuits against the bank?

The Careerist: The Magic Circle Is So Snooty

Posted on July 29, 2010
Think those big American law firms are credentials-obsessed? They are paragons of open opportunity in comparison to the hiring practices of London's Magic Circle firms.

Rangel Charged by House Ethics Panel

Posted on July 29, 2010
Representative Charles Rangel (D-NY) violated congressional ethics rules and federal law in the handling of his personal finances and his fundraising for a university institute, a subcommittee of Rangel's colleagues charged today.

Rental Car Wars: Five Firms On Hand As Avis Tries Harder for Dollar Thrifty

Posted on July 29, 2010
Lawyers representing Avis Budget Group and Hertz Holdings are preparing for battle as the two rental car giants vie for control of Dollar Thrifty, the nation's fourth-largest car rental company.

Squire Sanders Shutters Tallahassee Office

Posted on July 29, 2010
Struggling to overcome the death of a rainmaking lobbyist, the firm is closing up shop in Florida's capital and offering the office's four remaining lawyers opportunities elsewhere.

Dechert Among Those Fighting Anti-Porn Law

Posted on July 29, 2010
The fight is not going well so far.

Foley Bulks Up On Ambac Restructuring Bills

Posted on July 28, 2010
Legal fees for work advising the state of Wisconsin in its quarantine of $67 billion in suspect assets held by ailing insurance giant Ambac Financial Group are adding up. Foley & Lardner has received $6.6 million from the state since being hired in February 2008...

Wachtell, Akin Gump Advise on $3.4B ConocoPhillips/Lukoil Split

Posted on July 28, 2010
The two firms served as counsel to two of the largest oil and gas companies in the U.S. and Russia on a deal that will unwind a six-year-old strategic alliance between ConocoPhillips and Lukoil.

The Careerist: Did Northwestern Law Make a Smart Play with Jones Day?

Posted on July 28, 2010
Did Northwestern make a major employer happy, while brokering a sweet deal for its students?

Who's Paying Charlie Rangel's Legal Bills?

Posted on July 28, 2010
The answer: Donors to Rangel's campaign fund, many of them lawyers and Am Law 200 firms. Federal Election Commission filings show the account is flush with nearly $2.3 million in cash. The longtime New York congressman, hit with ethics violation charges this week and fighting to hold onto his seat, has legal bills approaching $230,000 for this year alone.

New Managing Partner for Locke Lord's Chicago Office

Posted on July 28, 2010
The firm has named Jennifer Kenedy to serve as managing partner of the firm's Chicago office, succeeding her friend and colleague Larry Gray, who passed away unexpectedly on July 19. "I'm certainly not filling Larry's shoes, but following him in his footsteps," Kenedy said.

Am Law Winners, Losers in Arizona Immigration Decision

Posted on July 28, 2010
A judge has blocked much of the ultra-controversial Arizona immigration law, which was scheduled to go into effect tomorrow. Where do some Am Law 200 firms stand on the issue?

Pro Bono 2010: Innocence Beyond All Doubt

Posted on July 28, 2010
Since 2004, attorneys from HoganLovells, Holland & Knight, Skadden, and Troutman Sanders have been working to reverse the convictions of four sailors for the rape and murder of a Norfolk, Virginia, woman in 1997.

RIP Levinson Axelrod Really Sucks

Posted on July 28, 2010
One angry associate has agreed to remove his gripe site.

A New Turn in Cravath-Dewey Convenience Store Deal War

Posted on July 28, 2010
An unexpected twist!

Six Firms Gobble Up Frozen Foods Merger Work

Posted on July 27, 2010
Cleary Gottlieb, SJ Berwin, Clifford Chance, Slaughter and May, Stephenson Harwood, and Italy's Bonelli Erede Pappalardo all sat down in recent days for a taste of some frozen foods.

Cozen to Acquire D.C. Transportation-Government Relations Boutique

Posted on July 27, 2010
Six partners and nine other lawyers and professionals from Washington, D.C.'s Sher & Blackwell will join Cozen's D.C. office on September 1.

Another Firm to Fold, This Time in California

Posted on July 27, 2010
Sacramento's McDonough Holland & Allen has announced plans to shut down by Labor Day, as lawyers and staff start looking for new homes.

Gibson Dunn on GE's Oil-for-Food Fraud Case

Posted on July 27, 2010
Yup, a good, old-fashioned Iraqi oil-for-food scheme.

The Careerist: Moms Who Won't Quit

Posted on July 27, 2010
The ante for being a mother these days has been raised so high by former professional women that some women feel they have little choice but to quit their jobs. If the choice is between "being a good lawyer" or "being a good mom," the right thing to do is to kill the career, right?

Am Law 200 Firms Kick in Cash for NYS AG Candidates

Posted on July 27, 2010
Six candidates vying to become the next attorney general for the state of New York are relying on donations from a bevy of Am Law 200 firms and other legal contributors to fund their respective campaigns.

Top Singapore Firms Lead on Khazanah Bid for Parkway Holdings

Posted on July 27, 2010
Most of Singapore's top domestic firms got in on the scrum that saw Malaysia's sovereign wealth fund outbid an Indian health care group to acquire Parkway Holdings Ltd., Southeast Asia's largest hospital chain, for around $2.6 billion...

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