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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

Joseph Flom, Pioneering M&A Lawyer and Skadden Name Partner, Dies at 87

Posted on February 23, 2011
Friends and colleagues recall a man who occupies a singular niche in the history of the legal industry.

The Careerist: So You Want to be a Banker

Posted on February 23, 2011
Want to make the switch? A former Am Law 100 lawyer and current managing director at a major bank as some advice.

Shearman Plucks Five Howrey Antitrust Partners in Brussels

Posted on February 23, 2011
The group includes Trevor Soames, Howrey's former global antitrust co-chair, and Brussels managing partner Götz Drauz. A team of associates is expected to follow.

Joseph Flom, 1923-2011: He Built the Preeminent Law Firm in America

Posted on February 23, 2011
"One can admire the superlatives that attach to Joseph Flom, or be jealous of them," American Lawyer founder Steven Brill wrote in 1989. "But there is no denying them and no denying that Flom personifies the best aspects of the new age of lawyering...

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The Am Law 100: Munger Revenue and Profits Slip

Posted on February 23, 2011
For a second year in a row, Munger, Tolles & Olson saw a 4 percent drop in revenue and a decrease in profits-per-partner.

The Am Law 100: Sidley Austin Maintains
the Status Quo

Posted on February 23, 2011
"We just sort of kept motoring along," says Sidley chair Thomas Cole.

The Churn: IP Lawyers on the Move

Posted on February 23, 2011
IP litigators are added at Andrews Kurth, Baker Botts, Jones Day, Locke Lord, and more. The Churn is constant. Please send all announcements and news releases to thechurn@alm.com.

Skadden Name Partner Joseph Flom Dies at 87

Posted on February 23, 2011
Flom, who joined the firm now known as Skadden, Arps, Slate, Meagher & Flom as its first associate in 1948--and held the distinction of being its last living name partner--died Wednesday morning at the age of 87, the firm announced.

Will Other Global Firms Follow Clifford Chance to Oz?

Posted on February 22, 2011
The Magic Circle firm is the latest international firm to make a push into Australia while touting the move as part of a larger strategy for Asia. But others in the profession clearly remain skeptical of that vision.

Four Firms Advise on BHP's $4.75B Shale Purchase

Posted on February 22, 2011
BHP Billiton agreed to pay $4.75 billion for Chesapeake Energy Corporation's Fayetteville Shale interests.

Linklaters Advises BP on $7.2B India Oil Buy

Posted on February 22, 2011
Linklaters, Vinson & Elkins, Allen & Overy, and AZB & Partners get work on the deal between the embattled British oil behemoth and Indian energy company Reliance Industries Limited.

The Careerist: News Update--Sex, Tigers, and Videotape

Posted on February 22, 2011
Since the Careerist launched last May, we've covered the gamut of juicy stories about the legal profession. Some of those stories have interesting follow-ups.

Slaughter, Cleary Advise on Diageo's $2.1B Turkish Deal

Posted on February 22, 2011
Liquor giant Diageo would enter the fast-growing market with a purchase from private equity owners TPG, Actera.

V&E, Andrews Kurth Pump Out $2.9B Oil Deal

Posted on February 22, 2011
Holly Corporation will pay about $2.9 billion in a stock deal to acquire Frontier Oil Corporation, creating a Dallas-based company worth about $7 billion.

Forest Laboratories to Buy Clinical Data for $1.2 Billion

Posted on February 22, 2011
Covington & Burling and Cooley advise on takeover bid spurred by a new depression drug.

The Am Law 100: Debevoise Revenues Slip, Profits Climb

Posted on February 22, 2011
The firm's revenues fell by 1.6 percent in 2010, while profits per partner jumped by 11 percent.

The Am Law 100: Dewey's Profits Up Sharply on Flat Revenues

Posted on February 22, 2011
Dewey & LeBoeuf saw profits for equity partner jump by nearly 10 percent during a year when its nonequity tier of partners shrank by more than a quarter.

The Am Law 100: Revenues, Profits Up at Paul Hastings

Posted on February 22, 2011
The firm's total revenue grew by 1.5 percent, while profits per partner increased by 6 percent to $1.99 million.

John Keker, Representing Embattled Plaintiffs Lawyer Steven Donziger, Hints He May Seek Recusal of Judge Kaplan

Posted on February 22, 2011
After getting hit on Monday with an $8 billion judgment by an Ecuadorian court, Chevron went before Manhattan federal district court judge Lewis Kaplan to try to stop the enforcement of the award. Appearing for the first time for plaintiffs lawyer Steven Donziger, John Keker told the court that he planned to look into "issues of assignment and recusal...

Dealmaker of the Week: Michael Aiello of Weil, Gotshal & Manges

Posted on February 18, 2011
Aiello led the team advising longtime Weil client Sanofi-Aventis on its $20.1 billion takeover of Genzyme.

The Score: Bargaining Ball Bouncing Both Ways for Jeff Kessler

Posted on February 18, 2011
Things are getting hectic for Dewey & LeBoeuf global litigation chair and stalwart players' union counsel Jeffrey Kessler. As a lead outside lawyer to NFL and NBA players, Kessler has been jetting across the country for collective bargaining negotiations for both...

Deal Update: NYSE News and More

Posted on February 18, 2011
The latest news on the NYSE Euronext and Deutsche Börse transaction, developments in a merger between exchanges in Australia and Singapore, and DuPont's bid for Danisco.

Nightmare for DreamWorks? Studio Hit with Kung Fu Panda Copyright Suit

Posted on February 18, 2011
Represented by Fish & Richardson and Duane Morris, the creator of a portly panda with a penchant for martial arts and an appetite for Chinese food threatens to take a bite out of the profits from DreamWorks Animation's hugely successful Kung Fu Panda movie.

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

Posted on February 18, 2011
Epstein Becker & Green welcomes two members in Atlanta; a former assistant counsel to the New York governor joins Wilson Elser; and Kilpatrick Stockton added a tax controversy chair. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

DLA Piper Bolsters Latin American Practice With Miami, Caracas Moves

Posted on February 18, 2011
The firm has opened an office in Miami with two international arbitration hires from Squire, Sanders & Dempsey, while also formalizing an alliance with a Venezuelan firm based in Caracas that will be called DLA InterJuris Abogados.

Adams and Reese Among Targets of Suits Filed by Stanford Plaintiffs

Posted on February 18, 2011
The New Orleans?based firm has been named as a defendant in one of several civil suits filed lately by an official investors committee working with the receiver for Stanford Financial Group, the Houston-based financial services company that law enforcement officials claim was actually a $7 billion Ponzi scheme...

The Lateral: Gary Cohen Back to Sidley After FCIC Stint

Posted on February 18, 2011
With the Financial Crisis Inquiry Commission having wrapped up its inquiry into what caused the economic crisis, the Sidley Austin corporate partner's job as the panel's GC is done and he has returned to work in the firm's Los Angeles office.