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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

Nothing Personal

Posted on December 08, 2009
Law firms used to be about relationships...and trust. Both have been broken by big firms who willingly have traded their culture for currency. Is this bottom-line model sustainable? The answer has to be, "No." Because, it ignores what law firms need to fuel their engines: associates who are invested in the firm and the future of the institution...

Kirkland Names New Chair

Posted on December 08, 2009
Firm lawyers confirm that Jeffrey Hammes, a Kirkland lifer, will take over the firm's 15-lawyer management committee.

Kilpatrick Stockton Advises on $3.4 Billion Native American Settlement

Posted on December 08, 2009
One of the largest class actions in U.S. history finally ended Tuesday when U.S. attorney general Eric Holder and Secretary of the Interior Ken Salazar announced they'd reached an agreement to pay $1.4 billion to plaintiffs and set up a $2 billion fund to buy Native American land.

Wachtell's Herlihy Helping BofA Board Select New CEO

Posted on December 08, 2009
Bank of America just can't quit Wachtell.

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The Am Law Litigation Daily -- Dec. 8, 2009

Posted on December 08, 2009
Lyondell creditors vow to fight the chemical company's "outrageous and reprehensible" settlement; Cuomo's Wall Street cop, Eric Corngold, is leaving the AG's office for Friedman Kaplan; and ex-eBay CEO Whitman testifies that Craigslist tried to "unwind" the two companies' relationship...

Billionaire Slaps Scott Rothstein With Suit

Posted on December 08, 2009
Just as the fraud allegations against Scott Rothstein hit the $1.6 billion mark, a Florida billionaire and convicted sex offender filed suit against the Fort Lauderdale lawyer over fictitious settlement claims designed to lure investors.

Does Law Firm Break-In Signal Beginning of Blagogate?

Posted on December 07, 2009
Several laptop computers and a safe were recently stolen from the offices of lawyers representing former Illinois Gov. Rod Blagojevich, leading some to speculate that a conspiracy of Nixonian proportions was in the works. Not so fast, says one Chicago lawyer familiar with cases of political intrigue.

Bailout Work Pays Off Big Time in the U.K.

Posted on December 04, 2009
Working for the government during an economic crisis appears to be more lucrative in the U.K. than in the U.S.

Where Do We Go From Here?

Posted on December 04, 2009
Legal heavy-hitters debate the future of the industry. The result? Many questions, few answers.

Orrick: No Bonuses for First-Year Associates

Posted on December 04, 2009
The firm has announced its new associate pay model. We knew lockstep was going, but bonuses? One consolation: the firm hasn't pulled back on top-tier starting salaries.

Hildebrandt, Baker Robbins To Merge

Posted on December 04, 2009
The two Thomson Reuters units will combine, uniting one of the premiere legal consulting groups with a law firm tech consultancy.

Turf Battle Ahead Over Who Gets to Review Comcast-NBCU Deal

Posted on December 04, 2009
Antitrust review could take a year. But first regulators have to decide which federal agency--the DOJ or FTC-- will review the $30 billion joint venture. Battles over who gets "dibs" on a deal have lasted as long as a year in the past.

Cravath on OTB Bankruptcy in First-Ever Case as Debtor Counsel

Posted on December 04, 2009
With its cash about to run out, the oldest off-track-betting public company in the country filed for bankruptcy Thursday in New York City.

The Ugliest Law Firm Break-Up of the Year

Posted on December 04, 2009
Allegations of fudging the numbers to underpay an ousted former name partner? Check. That ex-partner diverting $3 million in settlement proceeds away from his old firm to a new ally? Check. Welcome to the ugliest law firm breakup of 2009.

Legal Sector Loses 2,900 jobs in November

Posted on December 04, 2009
Though the overall economy lost only 11,000 jobs last month, the number of people employed in the legal industry took another dive.

The Am Law Litigation Daily -- Dec. 4, 2009

Posted on December 04, 2009
Litigator of the Week Jerome Falk, Jr., of Howard Rice Nemerovski Canady Falk & Rabkin scored two victories in cases involving punitive damages; a prosecutorial misstep puts an ex-Broadcom GC out of the government's reach; and in the escalating LCD screen patent war between Samsung and Sharp, it's good to be Fish and MoFo...

Dealmaker of the Week: David Caplan of Davis Polk & Wardwell

Posted on December 04, 2009
With Thursday's dizzyingly complex deal for control of NBC Universal, Caplan helps longtime client Comcast get closer to its goal of becoming the nation's largest media company.

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

Posted on December 04, 2009
Adams and Reese takes over two Ruden McClosky offices, Hogan & Hartson hires a Skadden litigator, and White & Case recruits an O?Melveny lawyer. Plus, moves to: McDermott Will & Emery, Pryor Cashman, and Sonnenschein Nath & Rosenthal. The Churn is constant...

Allen & Overy Reports Solid 2008-09 Financials

Posted on July 09, 2009
Allen & Overy announced its financials for the 2008-09 fiscal year, reporting a 7 percent increase in revenues and a drop of just over 6 percent in profits per equity partner.

Dealmaker of the Week: Peggy Brown of Skadden Arps

Posted on July 09, 2009
NetApp thought it had a deal for Data Domain. But rival data storage systems firm EMC swooped in with its own acquisition of Data Domain, thanks to some expert lawyering by Margaret "Peggy" Brown and her team at Skadden Arps.

Quinn Emanuel Lawyers Get Involved in Albany Circus

Posted on July 09, 2009
New York Governor David Paterson thought that appointing a lieutenant governor might help quell the chaos that has roiled the state legislature for weeks. Unfortunately, it appears Paterson's move has only heightened the Albany's legal and political drama.

Orrick's OCI Delay: The First of Many?

Posted on July 09, 2009
Orrick announced Thursday that it will defer summer associates until 2012 and delay its on-campus interviewing into the late fall and winter.

Jackson Lewis Diversity Head: Weigh Potential Bias Suits When Cutting Jobs

Posted on July 09, 2009
Coming off a year that saw the EEOC register its biggest-ever annual increase in workplace discrimination claims, the new head of the firm's corporate diversity counseling group urges companies to tread carefully when it comes to job cuts.

Dewey IP Trio Defects for McKool Smith

Posted on July 09, 2009
Only a day after Dewey & LeBoeuf helped itself to the cream of Cooley Godward's corporate practice, the firm lost three IP lawyers, including its practice cochair, to Dallas-based McKool Smith.

The Am Law Pro Bono 100: # 12, Robins Kaplan

Posted on July 09, 2009
Robins, Kaplan has led a complex fight to obtain damages for victims of the Minneapolis bridge collapse, dedicating more than $2 million in lawyer time to the cause.

The Am Law Pro Bono 100: #11, Orrick

Posted on July 09, 2009
A month after joining Orrick, Herrington & Sutcliffe as a pro bono fellow in September 2008, Scott Roehm was in Liberia, assisting that country's Truth and Reconciliation Commission in its efforts to address economic crimes committed during more than two decades of political instability and civil war.