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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

Survey: Associate Training Gaining Steam

Posted on November 17, 2010
A recent ALM survey reveals that many firms have increased their training programs over the past year in an apparent effort to appease a client-base less willing than ever to pay for work done by inexperienced attorneys.

Baker Continues CEE Capital Markets Run with Complex Cross-Border IPO

Posted on November 17, 2010
The firm follows its work on the Polkomtel EMTN program by taking a lead role on the dual listing of Czech betting company Fortuna on the Prague and Warsaw stock exchanges.

Beatles for Sale: Eversheds Advises as Band, iTunes Finally Come Together

Posted on November 16, 2010
iTunes users, meet the Beatles.

The Bankruptcy Files: Retailers, Subprime Investors, and Foreign Banks

Posted on November 16, 2010
Tribune's tortured Chapter 11 case takes another turn and Cleary Gottlieb, Hunton & Williams, Brown Rudnick, and Quinn Emanuel all land key roles on the latest round of bankruptcy filings.

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

Posted on November 16, 2010
A former chief of staff to two senators joins Brown Rudnick; two partners land in Washington, D.C., and Philadelphia for Hogan Lovells; and Jones Day adds three new partners in Southern California. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

France's Gide Launches London Funds Practice

Posted on November 16, 2010
The firm is attempting to diversify its finance-focused City practice after profits dropped 70 percent last year.

Miller Canfield Stands By Its Man in Lawyer Acquittal

Posted on November 16, 2010
Miller, Canfield, Paddock and Stone of counsel Hatim "Tim" Attalla was charged by federal prosecutors last year on a single drug conspiracy charge for providing legal counsel to a notorious local biker gang. On Monday, Attalla was acquitted.

Report: Boies Schiller Axes Three Associates

Posted on November 16, 2010
David Boies's shop has let go of three associates who worked on the firm's representation of British private equity firm Terra Firma in its unsuccessful civil suit against Citigroup, according to The New York Times's Dealbook.

Second Circuit Denies Ecuadorian Plaintiffs' Attempt to Stay Donziger Deposition in Chevron Case

Posted on November 16, 2010
Hours after hearing oral arguments Monday, the appellate panel affirmed Judge Kaplan's extraordinary order that the mastermind of the billion-dollar environmental case submit to a deposition by Chevron's lawyers.

NPR Hires Weil to Investigate Juan Williams Firing

Posted on November 15, 2010
National Public Radio has retained the firm for an internal investigation into the circumstances surrounding the DISMISSAL OF Juan Williams on October 20 after Williams made controversial remarks about Muslims on the FOX news network.

Shearman Advises Anglo American Sale of Units to OneSteel

Posted on November 15, 2010
Shearman & Sterling and Australian firm Allens Arthur Robinson advised on the sale of two Anglo American Plc metals subsidiaries to Sydney-based OneSteel Limited for just under $1 billion.

DLA Piper Latest Firm to 'Right-Size'

Posted on November 15, 2010
Only a few days after Howrey slashed 32 support staffers from its U.S. payroll, DLA Piper has followed up with layoffs of its own. The firm announced on Friday that it had trimmed an undisclosed number of staffers from its offices in 26 U.S. cities.

Report: Wisconsin Insurance Chief Seeks Approval of Ambac Unit Repayment Plan

Posted on November 15, 2010
A week after ailing Ambac Financial Group filed for bankruptcy in New York, confirmation hearings have begun in Dane County, Wis., for a plan to "rehabilitate" a $50 billion portfolio of assets held by an Ambac insurance unit.

What's Behind Ogilvy Renault's Merger with Norton Rose?

Posted on November 15, 2010
Leaders of the two firms say they are just following their clients in going global--and that Norton Rose will be looking at potential United States partners next.

The Charles Rangel Ethics 'Circus' Has Begun

Posted on November 15, 2010
The New York congressman asked a House panel on Monday morning to postpone his ethics trial until he could find himself a new lawyer, less than a month after losing his longtime attorney from Zuckerman Spaeder. Rangel then walked out, while the proceedings continued without him.

Tribune Creditors Want to Expand Pursuit of Sam Zell, JPMorgan

Posted on November 15, 2010
The official creditors committee has already sued Zell and the bank--among dozens of other defendants they accuse of fleecing the once-storied newspaper company--but now they want permission to go after $250 million in payments from the year before Tribune went bankrupt.

Mayer Brown, Howrey, Sidley Lead for Caterpillar on $7.6 Billion Bucyrus Buy

Posted on November 15, 2010
Bucyrus turned to two of its own legal advisers, Sullivan & Cromwell and Arnold & Porter, to handle negotiations for the all-cash transaction, which is valued at $8.6 billion.

U.K.'s Norton Rose to Merge with Ogilvy Renault and South African Firm

Posted on November 15, 2010
The moves follow Norton Rose's merger with Australian firm Deacons, which took effect in January, and are a continuation of the U.K. firm's strategy to target the fast-growing Asian market.

Dealmaker of the Week: Chantal Kordula of Cleary Gottlieb Steen & Hamilton

Posted on November 12, 2010
Kordula helped Mexico-based Grupo Bimbo SAB de CV seal its deal with Sara Lee Corp., a $959 million transaction that will make it a dominant force in the U.S. fresh bakery business.

Motion Denied: MGA Loses Effort to Stall Trial in Fee Fight with O'Melveny

Posted on November 12, 2010
A Los Angeles Superior Court Judge issued a tentative ruling on Friday denying toymaker MGA Entertainment's efforts to stay a lawsuit that was filed by its former lawyers at O'Melveny, but preventing the law firm from disclosing or disseminating any information protected by attorney client privilege.

Survey: Rate of In-House Counsel Salary Increases Slows

Posted on November 12, 2010
The rate of increase averaged 2.6 percent from March 2009 to March 2010, down from the previous year's average increase of 3.4 percent, according to new data from Hildebrandt Baker Robbins.

Permanent Leverage

Posted on November 12, 2010
As long as there are lawyers earning less than what they're billed out at, equity partner wealth will increase. And long-term career windows for a firm's youngest lawyers will continue to close.

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

Posted on November 12, 2010
Dickstein Shapiro adds a 12-person transactions group to populate a new Stamford office; a former Darby litigator joins up with Seyfarth Shaw; and three partners go from Wilmer Cutler Pickering Hale and Dorr to Venable. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

FDIC Sues Bryan Cave Over Bank Records

Posted on November 12, 2010
The bank regulator has filed suit in federal court in Atlanta, charging the firm with failing to provide records related to the collapse last month of Hillcrest Bank.

Litigator of the Week: Martin Klotz of Willkie Farr & Gallagher

Posted on November 12, 2010
Working for a contingency fee, Martin Klotz pursued a vexatious litigation suit for hedge fund client S.A.C. Capital Advisors after it was targeted with an unsuccessful $4 billion RICO suit by Biovail Pharmaceuticals.

Proskauer, SJ Berwin Call Off Merger Talks

Posted on November 12, 2010
Legal Week reports the trans-Atlantic talks, which started over nine months ago, ended Thursday after the two firms concluded a tie-up was "not workable at this time."

Skadden Advises Daily Beast on Merger with Newsweek

Posted on November 12, 2010
The firm represented Barry Diller's IAC/InterActive, owner of The Daily Beast, on its completed negotiations with Newsweek magazine owner Sidney Harman. The two titles have agreed to merge after a long flirtation.

The Careerist: One Hit Wonder?

Posted on November 11, 2010
An interview with lawyer David Kazzie, the creative genius behind the video "So You Want to Go to Law School." Will Kazzie's follow-up production get as much attention?

Ecuador Plaintiffs on Ecuador Courts:
"They're All Corrupt!"

Posted on November 11, 2010
Chevron's pursuers privately mock the judges they now publicly praise (but used to publicly mock).

Clifford Chance Partner Named Special Compliance Officer for Xe Services

Posted on November 11, 2010
Wendy Wysong, a former federal prosecutor and deputy assistant secretary for export enforcement at the U.S. Department of Commerce, will spend at least the next year overseeing export controls at Xe Services, the company formerly known as Blackwater Worldwide.

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