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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

Three Firms Headline Another Billion-Dollar Shale Deal

Posted on June 24, 2010
Vinson & Elkins, Thompson & Knight, and Baker Botts advised on a $1.3 billion sale of shale assets--a hot commodity these days--by Pioneer Natural Resources to India's Reliance Industries.

The Careerist: Deferred, Down, and Out

Posted on June 24, 2010
Baker & McKenzie, a firm of nearly 4,000 lawyers, rescinds offers to 11 of its deferred associates from the class of 2009.

Cooley Announces Alliance with U.K.'s Olswang

Posted on June 24, 2010
Olswang is forging a new link with a major U.S. firm after its relationship with Greenberg Traurig ended last year.

Jack Abramoff's New Gig: Ex-Greenberg Partner Trades Penitentiary for Pizzeria

Posted on June 24, 2010
Two weeks after his release from a federal prison, the former Greenberg Traurig partner and convicted felon has a new job working in a Baltimore pizzeria, The New York Times reports.

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Drinker Biddle Wins Discrimination Case for Philly Boy Scouts

Posted on June 24, 2010
And the firm has about $860,000 in legal fees coming its way.

SCOTUS Rules for Skilling, Black

Posted on June 24, 2010
The future is unclear for the honest services law.

Google Wins Big as Judge Tosses Viacom's $1 Billion YouTube Suit

Posted on June 23, 2010
Sibling publication The Am Law Litigation Daily reports that Round One in the $1 billion copyright infringement battle pitting Google's YouTube against Viacom is now over. And it's a clear victory for the tech guys.

Christopher Coke Captured, Manatt Phelps Speaks Out

Posted on June 23, 2010
Jamaican authorities are calling for calm after fugitive drug baron Christopher "Dudus" Coke was taken into custody late Tuesday, shortly before he tried to turn himself into officials at the U.S. embassy in Kingston. Two former Am Law 100 lawyers weigh in on the matter, as does a firm embroiled in the months-long crisis, Manatt, Phelps & Phillips.

Dewey Wades Into Arizona Immigration Controversy

Posted on June 23, 2010
The firm is representing the government of Mexico as amicus in the federal case against Arizona's immigration law.

Freshfields, Arnold & Porter Advise on BASF's $3.8 Billion Cognis Buy

Posted on June 23, 2010
The world's largest chemical company relied mostly on in-house counsel in its acquisition of a German producer of food and cosmetics ingredients.

Florida Appeals Court Tosses $522 Million Accounting Verdict

Posted on June 23, 2010
A Florida state appeals court tossed out one of the largest audit malpractice verdicts in U.S. history Wednesday, ordering a new trial in a six-year-old court battle between Chicago-based accounting firm BDO Seidman and Portuguese bank Espirito Santo.

Tribune Examiner: This'll Take a Bit Longer

Posted on June 23, 2010
But the wait might be just two weeks, when everything will come to a head.

Proskauer GC Steven Krane, 53, Suffers Fatal Heart Attack

Posted on June 23, 2010
The Proskauer Rose general counsel died suddenly Tuesday, according to sibling publication the New York Law Journal.

Nixon Peabody, K&L Gates Spar over Wrestling Widow's Suit Against WWE and Senate Candidate

Posted on June 23, 2010
World Wresting Entertainment's lawyers at K&L Gates say they will move to dismiss claims that the company and its former CEO, U.S. Senate hopeful Linda McMahon, misused the late wrestler Owen Hart's name and likeness.

Rakoff: I Hoped to Send Message with BofA-SEC Settlement Decision

Posted on June 23, 2010
Manhattan federal district court judge Jed Rakoff told an audience at Stanford Directors' College that he would have preferred that a jury hear the Securities and Exchange Commission's case against Bank of America over disclosures leading up to its Merrill Lynch acquisition...

Bingham's Harlem "Class" Graduates From Elementary School

Posted on June 23, 2010
The firm has been working with a nonprofit program in Harlem that provides a range of services for inner city children, including the promise of full college tuition when the students graduate from high school.

Study: For Law Firms, Cost-Cutting and Alternative Fees Here to Stay

Posted on June 22, 2010
According to a new Altman Weil surveys, the days of easy spending and billing just by the hour appear to be over.

Who Are The Lawyers Representing WikiLeaks?

Posted on June 22, 2010
The founder of the controversial online clearinghouse for confidential documents told a British newspaper this week that he's staying out of the U.S. on the advice of counsel. Julian Assange also said WikiLeaks has hired three unidentified lawyers pro bono to represent a U...

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

Posted on June 22, 2010
Blank Rome adds four new hires to its Washington, D.C., and Los Angeles offices; Roetzal & Andress brings in a team of intellectual property lawyers; and three partners head to Dechert from Fried Frank. Plus: Sidley Austin looks to expand with a new Asia Pacific managing partner...

Rangers Bankruptcy Judge Rules in Favor of Creditors, Team's Sale on Hold

Posted on June 22, 2010
The bankruptcy judge presiding over the bankruptcy case of the Texas Rangers baseball team has ruled that a long-awaited sale of the franchise cannot proceed until creditors approve a prepackaged bankruptcy plan.

Acergy, Subsea 7 to Merge in $2.5B Deal

Posted on June 22, 2010
The BP disaster in the Gulf of Mexico hasn't stopped deep-sea drilling companies from pursuing big deals. Several law firms, including White & Case and Slaughter and May, had a part in negotiating the $2.5 billion acquisition of offshore engineering company Subsea 7 by oil services company Acergy S...

Nine West Founder in the Clear Over Ponzi Investment

Posted on June 22, 2010
The case cements the precedent that investors can't sue each other.

Dechert Raids Fried Frank for Financial Institutions Trio

Posted on June 22, 2010
Thomas Vartanian, the chair of the financial institutions practice at Fried Frank, has left the firm to join Dechert along with corporate partners David Ansell and Robert Ledig.

Williams & Connolly Gets Landmark CDO Defense Work

Posted on June 22, 2010
This one will be fascinating to watch.

Australian Lawyer-Mining Exec Among 11 Dead in Congo Plane Crash

Posted on June 21, 2010
Rescuers discovered the wreckage of a missing plane carrying 11 people, including Australian mining magnate Ken Talbot, on Monday. Among the dead was John Carr-Gregg, a mining executive at Talbot's company and former lawyer at one of Australia's largest firms, Allens Arthur Robinson.

Heavyweight Clash: Bob Diamond Vs. Jones Day's Bob Gaffey

Posted on June 21, 2010
It wasn't always pretty.

Six Firms Take Lead on Biovail/Valeant Merger

Posted on June 21, 2010
Skadden, Cravath, S&C, Blake Cassels, and Ogilvy Renault are advising on a $3.2 billion specialty pharmaceutical reverse merger between Canada's Biovail and Valeant Pharmaceuticals.

Feinberg Talks of Criteria for Gulf Oil Claims, Says Lawyers Not Needed

Posted on June 21, 2010
The former Kaye Scholer partner, who has played key roles in overseeing both the $7 billion government fund for families of 9/11 victims and the federal Troubled Asset Relief Program, spoke out this weekend on his plans for the Obama administration's independent claims facility for victims of the gulf oil spill.

Bryan Cave, Husch Blackwell Help Cook Up $1.2 Billion Pasta Deal

Posted on June 21, 2010
Ralcorp snaps up a major pasta producer--and adds a pair of cracker makers on the side.

More Turns in Rangers Bankruptcy

Posted on June 21, 2010
As a bankruptcy judge in Fort Worth prepares to rule on a proposed sale of the Texas Rangers, the team's counsel at Weil, Gotshal & Manges has come under fire. In other sports news: Albert Haynesworth's bonus troubles, new developments for Roger Clemens and Barry Bonds, and a hockey star faces personal liability for an on-ice incident.

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