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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

Long Hours, Bad Results

Posted on November 05, 2010
Who presents a greater societal danger--a tired, overworked driver exceeding an 8-day maximum of 70 hours on the job, or an attorney maintaining an even more strenuous pace?

Freshfields, A&O Handle HSBC's $3.3 Billion Rail Deal

Posted on November 05, 2010
The two Magic Circle firms advised on a deal that will see British banking giant HSBC sell its U.K. train-leasing business to a private equity consortium for roughly $3.3 billion.

The Bankruptcy Files: ACORN, Airlines, and the Media

Posted on November 05, 2010
Ambac. MGM. After a few months of slim pickings for corporate bankruptcy lawyers, some larger filings are looming on the horizon.

Clifford Chance Elects New Senior Partner

Posted on November 05, 2010
Malcolm Sweeting will replace Stuart Popham, who's held the position for eight years.

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

Posted on November 05, 2010
Five lawyers migrate from Morgan Lewis to Greenberg Traurig; Jones Day expands its Hong Kong office; and Katten Muchin adds a real estate partner in Washington, D.C. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Citi (and Ted Wells) Trump Terra Firma (and David Boies) at EMI Trial

Posted on November 05, 2010
After only four hours of deliberations on Thursday, a federal jury in Manhattan found that Citigroup did not trick a British private equity firm into buying EMI Music Publishing for $6.3 billion in 2007. Winning the battle of litigation titans was Paul Weiss's Ted Wells.

Legal Services Sector Lost 300 Jobs in October

Posted on November 05, 2010
The U.S. economy added 151,000 jobs last month, according to the latest numbers form the Department of Labor, but the legal services sector saw 300 disappear following three straight months of growth.

Law Firms + Recession = Declines in Diversity?

Posted on November 04, 2010
Yet more data has been released to suggest that the recession had a negative impact on law firm diversity.

Recount Redux: Firms Prep for Post-Election Work

Posted on November 04, 2010
When the Sunshine State's gubernatorial race approached recount territory on Wednesday, local Democrats approached the head of Perkins Coie's political law practice for help. But so far the firm's services have remained on the sidelines.

Three Firms Headline Private Equity Acquisition of I-Banking Stake

Posted on November 04, 2010
Wachtell, Simpson Thacher, and Debevoise & Plimpton have landed key roles on a deal that will see boutique investment bank Sandler O'Neill sell a stake to private equity firms The Carlyle Group and Kelso & Company.

Ex-Seyfarth Shaw Partner Charged in $370 Million Tax Scheme

Posted on November 04, 2010
The Justice Department has unveiled charges against John Rogers, a former tax partner at Seyfarth Shaw in Chicago, for allegedly promoting tax shelters using Brazilian debt to create tax deductions for U.S. clients.

The Careerist: Preaching to the Converted?

Posted on November 04, 2010
The discourse on work/life balance seems to have taken on the tempo and tone of pep rallies and religious revivals. Why isn't there more substance to the discussion?

Winners/Losers: Am Law 200 Alums and the Mid-Term Elections

Posted on November 03, 2010
They were once lawyers at Am Law 200 firms. Then they became candidates vying for office. On the day after one of the most talked about mid-term elections ever, how did these Am Law alums fare in their quest for public office?

Am Law Tech Survey 2010: A Cloudy Forecast

Posted on November 03, 2010
The results of this year's survey of law firm technology departments--our fifteenth--were mixed. While capital budgets are ticking back up--not quite to predownturn levels--IT operating budgets aren't recovering at quite the same pace.

Massachusetts Fights Wilmer Class Action Fee Award

Posted on November 03, 2010
An assistant state attorney general argued Tuesday that Wilmer Cutler Pickering Hale and Dorr is not entitled to more than $350,000 in fees connected a class action that settled pretrial because the firm's client was not the "prevailing party...

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

Posted on November 03, 2010
King & Spalding expands its Dubai office; two partners join Perkins Coie for a new investment management practice; and Sidley Austin scores a big name in Shanghai. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

White & Case, Slaughter and May Lead on $5.9 Billion Spanish-Turkish Bank Deal

Posted on November 03, 2010
As Spain's economy struggles to emerge from its worst recession in 60 years, the nation's second-largest bank, BBVA, extends its reach into Turkey.

MGM Files for Bankruptcy

Posted on November 03, 2010
The movie studio filed for Chapter 11 protection in New York on Wednesday--with Skadden Arps and bankruptcy boutique Klee Tuchin at its side--as part of a prearranged reorganization plan with creditors.

Did Gibson Dunn Botch the Kill Step for Chevron in Ecuador?

Posted on November 03, 2010
The video discovery strategy was brilliant--but plaintiffs are still standing

Game Theories: Justices Weigh Free Speech Challenge to California Law

Posted on November 03, 2010
Should a state be able to prohibit minors from buying or renting violent video games? Lawyers from Jenner & Block (for the game industry) and the state of California take their respective cases to the Supreme Court.

Kilpatrick Stockton, Towsend to Merge After All

Posted on November 03, 2010
Bay Area IP boutique Townsend and Townsend and Crew and Kilpatrick Stockton have announced the two firms will merge as of January 1, 2011, creating a 650-lawyer firm with 17 offices nationwide. The firms had first considered a union last summer, then called off the talks.

Katten Muchin Adds 13 Financial Services Lawyers From Dewey

Posted on November 02, 2010
Christopher DiAngelo, the former cochair of Dewey & LeBoeuf's structured finance group, is leaving the firm to join Katten Muchin Rosenman's New York office along with at least 12 other attorneys.

Dewey, Other Firms Prepare for Possible Ambac Bankruptcy

Posted on November 02, 2010
Ambac Finacial Group, once the nation's second-largest bond insurer, could file for bankruptcy before year's end after skipping a $2.8 million bond interest payment.

The Careerist: Judge Orders Law Firms to Diversify

Posted on November 02, 2010
Is this what it's come to?

Skadden Partner Meister Lands CFTC's Top Enforcement Role

Posted on November 02, 2010
According to The Wall Street Journal, Skadden, Arps white collar partner David Meister has been tapped to become the next enforcement director for the Commodity Futures Trading Commission just as that agency begins to expands its regulatory reach.

Davis Polk, Foley Hoag Advise on Oracle's E-Commerce Deal

Posted on November 02, 2010
Moving to increase its presence in the e-commerce market, the software behemoth will buy Art Technology Group for $1 billion.

Vinson Takes Lead on $4.4 Billion Oil and Gas Bid

Posted on November 02, 2010
The firm is advising Douglas Miller, chairman and CEO of Exco Resources, who has teamed up with T. Boone Pickens and two private equity firms to launch a $4.36 billion takeover bid for Dallas-based Exco. It wasn't the only oil and gas deal to be announced this week.

Is Miller Canfield's Tim Attalla a Real Life Maurice Levy?

Posted on November 02, 2010
The federal government's case against Hatim "Tim" Attalla has gone to trial in a Detroit courtroom, with the Miller, Canfield, Paddock and Stone of counsel defending himself against a drug conspiracy charge stemming from his alleged role in a Detroit motorcycle gang.

Former Associate Hits Clifford Chance with Discrimination Suit

Posted on November 02, 2010
An ex-associate claims she and other lawyers were fired on the basis of race and gender during a round of layoffs in 2007.

Ira Sorkin Leaving Dickstein for Lowenstein Sandler

Posted on November 02, 2010
Sorkin, the coleader of Dickstein's securities litigation and white-collar practices, has given notice to the firm, as has another New York partner, Donald A. Corbett, reports the New York Law Journal.

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