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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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Penthouse, Playboy Dip into Am Law 100 Pool

Posted on March 18, 2011
Owners of the two venerable adult publications were busy on the legal front this week, as the former hired a new general counsel and the latter announced plans to move forward with an initial public offering.


Willkie, Freshfields on General Mills' Purchase of Yoplait Stake

Posted on March 18, 2011
The country's largest cereal maker comes out on top after a competitive bidding process for a half-stake in Yoplait.  


New Docs in Case of Ex-Glaxo In-House Counsel Lauren Stevens Reveal Other Lawyers' Roles

Posted on March 18, 2011
Ex-GlaxoSmithKline in-house counsel Lauren Stevens' pre-trial hearing takes some unexpected twists ? with the court unsealing a raft of records that reveal the roles of several other lawyers in the alleged misdeed.


The Am Law 100: Boies Schiller Revenue Up 3 Percent, PPP Down 11 Percent

Posted on March 18, 2011
Aided by a handful of big wins, the litigation powerhouse racked up a 3 percent increase in gross revenue, to $305 million.


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More Ex-Howrey Partners Find New Homes

Posted on March 18, 2011
Mayer Brown added 21 lawyers in four offices from Howrey on Friday, while Cadwalader snagged a five-lawyer antitrust team in Washington, D.C., and Jenner & Block picked up an insurance coverage litigator in Los Angeles.


Litigator of the Week: Grant Harvey of Gibbs & Bruns

Posted on March 18, 2011
Harvey led the team that won what appears to be a $116 million fraud verdict for a V&E partner who alleged an old friend, Dallas billionaire Trevor Rees-Jones, cheated him when he bought out Noel's stake in a company he subsequently sold for billions...


Expatriate Lawyers Leave Tokyo As Firms React to Radiation Threat

Posted on March 17, 2011
Expatriate lawyers have joined the exodus of foreigners from radiation-threatened Tokyo, and a number of international law firms have temporarily relocated staff or closed offices.


Leaked Government Documents Reveal Weakening Of U.K. Bribery Act

Posted on March 17, 2011
International companies with U.K. listings will be exempt after the U.K. Ministry of Justice moves to narrow the proposed law's jurisdictional reach.


Three Firms Take on More Howrey Partners

Posted on March 17, 2011
Morgan Lewis adds two Howrey partners, almost two months after hiring the former head of Howrey's Chicago office. Greenberg Traurig takes on two partners, also in Chicago. And Arnold & Porter adds one more Howrey partner to the 13-lawyer IP litigation team it hired earlier this month.


Winston Opens Houston Office With 40 Howrey Lawyers

Posted on March 17, 2011
The Chicago River ran kelly green in honor of St. Patrick's Day on Thursday, but Winston & Strawn managing partner Thomas Fitzgerald, a graduate of Notre Dame's law school, didn't have time to see it. He was busy finalizing the details of adding more than 40 former Howrey lawyers to the firm's new Houston office.


The Am Law 100: Southern California Firms Had Mixed Results in 2010

Posted on March 17, 2011
Last year was a mixed bag for southern California-based Am Law 200 firms. While some turned in strong financial performances, others suffered declines in gross revenue that suggest an industry still facing challenge--at least in one part of the country.


Three Firms Take Lead on Qatar's Stake in Spain's Iberdrola

Posted on March 17, 2011
Allen & Overy, Freshfields Bruckhaus Deringer, and leading Spanish firm Uría Menéndez are advising on state-backed Qatar Holdings' acquisition of a 6.2 percent stake in Spanish power company Iberdrola for $2.82 billion.


Some Good News From NALP: Associate Hiring is Bouncing Back

Posted on March 17, 2011
The job market looks a little brighter for recent law grads, the National Association for Law Placement reports in a recent survey.


Adviser: Howrey's End Wasn't Foregone Conclusion

Posted on March 16, 2011
Latham & Watkins restructuring and bankruptcy partner Peter Gilhuly is advising Howrey on the firm's dissolution. The law firm bankruptcy veteran spoke with The Am Law Daily about Howrey?s dissolution.


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

Posted on March 16, 2011
K&L Gates and Pillsbury bring on new real estate specialists. MoFo bolsters its M&A strength in Silicon Valley. And Jenner has a new leader for the firm's West Coast-based insurance litigation and counseling practice. The Churn is constant...


Ansel Adams Trust Settles Dispute over Garage Sale 'Lost Negatives'

Posted on March 16, 2011
On Tuesday, the Adams Trust and Rick Norsigian--who'd claimed he bought the glass negatives at a garage sale in 2000, and that they were valued at $200 million--announced a deal that gives the Trust at least part of what it wanted.


The Am Law 100: Buchanan Ingersoll's PPP Jumps 12 Percent in 2010

Posted on March 16, 2011
Chief executive officer John A. "Jack" Barbour described 2010 as a "spectacular" year, with results that "far exceeded expectations" in his first full year as CEO.


DLA Piper Goes to Delaware

Posted on March 16, 2011
The firm is opening an office in Wilmington with 10 lawyers from Edwards Angell Palmer & Dodge. DLA also is reportedly eyeing another outpost north of the border.


The Careerist: The NYU Law Rap

Posted on March 16, 2011
Eli Northrup isn't your average NYU third-year law student.


Howrey's Lessons, Part 2

Posted on March 16, 2011
Former Howrey chairman Robert Ruyak's recent explanations about the failure of his firm avoid accepting personal responsibility. But the bigger problem is that they encourage the view that Howrey's challenges were unique.


Baker Botts Picks Up 32-Lawyer Howrey Antitrust Group

Posted on March 16, 2011
Nine partners, including former Howrey vice-chair Sean Boland and two former assistant U.S. attorneys general, are joining Baker Botts in Washington, D.C. The firm is committed to helping its new antitrust hires build a new office in Brussels.


On Eve of Dissolution, Howrey Staffers Face Uncertainty

Posted on March 15, 2011
One of the first orders of business soon after Howrey's partners voted to break up the firm last Wednesday was the distribution of WARN Act notices to staff members--required by law in certain states when an employer of more than 100 employees plans a mass layoff...


Four Firms Advise as DISH Raises Offer for Bankrupt DBSD

Posted on March 15, 2011
The satellite television provider would pay $1.5 billion to buy the restructured DBSD under the new agreement. Kirkland & Ellis, Skadden, Milbank and Curtis Mallet advise.


Latham, Cravath Advise on Eli Lilly-Johnson & Johnson Deal

Posted on March 15, 2011
Drug maker Eli Lilly plans to buy a Johnson & Johnson animal drug business to bolster its market share.


New Suit Against Juridica Exposes Cracks in Litigation Funding Model

Posted on March 15, 2011
Here's a cautionary tale for litigation finance fans. Juridica invested about $3 million in S&T's ICSID arbitration against Romania. But then S&T's lawyers at King & Spalding wanted out, Juridica wanted to know why, and now S&T is claiming the litigation funder is "unethical...


The Careerist: Daddy's Girl

Posted on March 15, 2011
Men's attitudes about working women are affected by the gender of  their kids, according to research conducted by Columbia,  Aalborg University in Denmark, and the  University of Maryland.


Yale Retains Top Law School Ranking, Cal-Berkeley Slips

Posted on March 15, 2011
Harvard, Stanford round out the top three law schools, U.S. News reports. This year?s list also comes with a new tier scheme.


The Am Law 100: Milbank PPP Rises 12 Percent to $2.5 Million

Posted on March 15, 2011
Last year was a very good one for New York firms with traditional ties to Wall Street. And that includes Milbank, Tweed, Hadley & McCloy.


The Lure of a U.S. Listing Remains Powerful for Some Chinese Companies

Posted on March 15, 2011
The New York Stock Exchange saw a record 22 listings by Chinese companies last year, with Nasdaq taking on another 12. Both numbers were up sharply from 2009, when only 10 Chinese companies listed on either exchange. Law firms have taken notice.


The Am Law 100: New York Firms' Profits Spike on Wall Street Rebound

Posted on March 14, 2011
Wall Street firms have come back with a roar. With both M&A and capital markets work surging to the highest levels since 2007, partner compensation at many of New York's elite firms--including Cleary, Davis Polk, Paul Weiss, Simpson Thacher, Skadden, and Willkie--increased, in some cases, dramatically.


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