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Legal News

The AM Law Daily 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

Recent Entries: 2659

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Akin Gump, Baker & McKenzie Tapped for $3 Billion Chinese Joint Venture

Posted on March 17, 2010
In a deal that will increase production and reserves, the Chinese state-owned energy company Cnooc, Ltd., will purchase half of Bridas Corporation, Argentina's second-largest oil producer.


Quinn Emanuel-ConnectU Fee Fight Won't Yield Facebook Stock Info

Posted on March 17, 2010
Are shares of the privately-held company valued at $35, $7 or somewhere in between? You won't find out through an arbitration between Facebook's former litigation opponent and Quinn Emanuel.


China Trial of Rio Tinto Execs to Start Monday

Posted on March 17, 2010
Four of the mining giant's employees, including Australian citizen Stern Hu, face bribery and trade secrets infringement charges.


THE AM LAW 100: Fried, Frank Profits Rise; Revenue Falls 13 Percent

Posted on March 17, 2010
Like many firms, Fried, Frank, Harris, Shriver & Jacobson is managing to do more with less. The firm reported a 13 percent decline in revenue for its fiscal year ending February 28, but still boosted its profits per equity partner and its revenue per lawyer by 6 percent each...


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Flood and Fire Displace Labaton and Schnader

Posted on March 17, 2010
The saddest part? Some of the lawyers were working after 9 p.m. on Saturday when they had to evacuate their building at 140 Broadway in downtown New York City.


Judge Allows $168 Million Suit Against Holland & Knight

Posted on March 17, 2010
A state trial judge has allowed the receiver in a Ponzi scheme case to pursue a malpractice lawsuit against the firm for allegedly failing to disclose pertinent facts in documents given to potential investors.


Former Partner Accuses DLA Piper of Sexual Discrimination

Posted on March 16, 2010
A U.K-based real estate lawyer claims the firm dismissed her when it learned that she was pregnant.


The Bankruptcy Files: Casinos, REITs, and Trash Haulers

Posted on March 16, 2010
Skadden Arps, White & Case, Fox Rothschild, and Willkie Farr have landed roles on the latest round of Chapter 11 assignments.


At Ruden McClosky, the Exodus Continues

Posted on March 16, 2010
Five more Ruden lawyers have bolted, in this case for Fox Rothschild's West Palm Beach office.


The Bedeviling Confidentiality Issues in the Tribune Bankruptcy

Posted on March 16, 2010
One bondholder, Wilmington Trust Company, faces possible sanctions after its law firm, Brown Rudnick, mistakenly included confidential papers in a public filing.


THE AM LAW 100: Milbank Revenue Dips; PPP Rises 5 Percent

Posted on March 16, 2010
Milbank, Tweed, Hadley & McCloy increased its revenue per lawyer and profits per partner last year, despite a slight dip in revenue. The firm's revenue fell 3 percent, to $601.5 million. At the same time the number of lawyers at the firm dropped 8 percent, and its partner ranks shrank 3...


Lehman Estate Files Restructuring Plan

Posted on March 16, 2010
It's not quite Old Carco, but bankruptcy lawyers for Lehman Brothers have filed a reorganization plan that calls for the creation of Lamco, an asset-management subsidiary carved out of Lehman that will help put an end to the largest Chapter 11 case in U...


Personal Injury Firm Caught Up in Dispute With Former Partner

Posted on March 16, 2010
Philadelphia's Anapol Schwartz is going through one of the ugliest disputes with a former partner we've seen in recent years.


Why is the Co-Head of Grant & Eisenhofer Suing Teenagers?

Posted on March 15, 2010
Because, it appears from court records, his teenage daughter threw a party that did not go well.


Wachtell, Akin, Baker Botts Score on $3.48 Billion Energy Deal

Posted on March 15, 2010
In a move that extends its reach into the shale industry, U.S. mining company Consol Energy announced plans to buy Dominion Resources' Appalachian exploration and production unit.


THE AM LAW 100: Another Down Year at Stroock

Posted on March 15, 2010
Profits per partner have dropped 18 percent since the end of 2007. The bottom line of gross revenue isn't as crucial as some other numbers, says Stroock executive director Harvey Brown. "Profits per partner are really all that matters," he says...


Simpson, Wachtell Lead on Tommy Hilfiger Deal

Posted on March 15, 2010
Phillips-Van Heusen will buy the iconic fashion company for $3 billion from the British PE firm that acquired Tommy for $1.6 billion in 2006.


For Plaintiffs Lawyers, Drive to Take on Toyota Accelerates

Posted on March 15, 2010
The competition to win a potentially lucrative lead role against the carmaker has already prompted plaintiffs lawyers to convene one conference on the matter, with a second such summit set for March 24.


Dealmaker of the Week: Alexander Dye of Dewey & LeBoeuf

Posted on March 12, 2010
The head of Dewey's U.S. M&A group handled client MetLife's $15.5 billion proposed acquisition of AIG's Alico unit while also seeing through negotiations for client Zenith National Insurance on its sale to Fairfax Financial for $1.4 billion...


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

Posted on March 12, 2010
Arnold & Porter's white collar criminal defense practice has some new blood. Magic Circle firm Freshfields adds to its U.S. based litigation practice. And Boston-based Goulston & Storrs has signed on a nine-lawyer real estate group from Pilsbury Winthrop...


WaMu, JPMorgan Agree to $6 Billion Settlement

Posted on March 12, 2010
Quinn Emanuel, Sullivan & Cromwell, and DLA Piper have hammered out a major settlement aimed at ending a contentious piece of litigation in the Washington Mutual bankruptcy.


Third Circuit is Free Speech Central

Posted on March 12, 2010
Lawyers--including some from Drinker Biddle, Reed Smith, and Pepper Hamilton--are asking the full court to consider two potentially groundbreaking cases involving questions of free speech by students on the Internet.


THE AM LAW 100: Davis Polk Leads the New York Pack; Sullivan, Cleary Hang In

Posted on March 12, 2010
In a year defined by associate layoffs, discounted billing rates, and a moribund deal market, Davis Polk & Wardwell bucked the downward trend decisively.


Simpson Thacher, Sullivan & Cromwell, Schiff Hardin Get IPO Work

Posted on March 12, 2010
SEC filings show the firms are advising KKR (Simpson) and the Chicago Options Exchange (S&C, Schiff) in their respective plans to list themselves as public companies.


Farewell, Darby & Darby

Posted on March 12, 2010
The New York IP boutique is dissolving after merger talks failed.


Sweet Smell of Success: Are the Fertilizer Wars Finally Over?

Posted on March 12, 2010
If so, we will miss them--as, we expect, will the firms (Skadden, Cravath, Paul Weiss, Latham, and Wachtell) that fought the battles.


Unwanted Attention: Linklaters Nabs Starring Role in the Lehman Report

Posted on March 12, 2010
The firm is in the spotlight today for being the only firm in the world that would bless an accounting trick Lehman used to to hide bad assets.


Small Firm, Big Stars: Dreier Refugees Carve Out National Sports Practice

Posted on March 12, 2010
Jay Reisinger and Thomas Farrell are establishing themselves as go-to lawyers for sports stars seeking legal counsel.


McGuireWoods and Tiger Woods Have Something in Common

Posted on March 11, 2010
At last, an Am Law connection to the Tiger Woods saga: an associate in the firm's London office, it turns out, is the twin sister of the golfer's wife, Elin Nordegren.


Linklaters, Vinson & Elkins Advise on $7 Billion Energy Deal

Posted on March 11, 2010
Six law firms are advising on BP's announced $7 billion acquisition of assets in Azerbaijan, Brazil, and the Gulf of Mexico from Oklahoma City-based Devon Energy.


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