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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

WaMu Examiner Finds $7 Billion Settlement with FDIC and JPMorgan 'Reasonable'

Posted on November 02, 2010
Shareholders tasted the thrill of victory in July, when they persuaded a federal bankruptcy judge to appoint an examiner in the contentious WMI Chapter 11. Now they're suffering the agony of defeat.

Getting Beyond the Conventional Wisdom: A New Look at Firm Recruiting, Hiring, and Promotion

Posted on November 02, 2010
Can Bill Henderson, the one-man idea factory and Indiana law professor, do for the study of law firms and their hiring what Indiana's most famous academic, Alfred Kinsey, did for the study of sex?

Skadden, Wachtell Advise on M&T-Wilmington Trust Merger

Posted on November 01, 2010
The union will bring together M&T's extensive presence in the eastern U.S. with Wilmington Trust's wealth management and corporate client capabilities.

Ropes, Skadden Tapped For $2.16 Billion Healthcare Deal

Posted on November 01, 2010
Bolstering its position in the expanding cancer-care sector, drug wholesaler McKesson Corporation will acquire U.S. Oncology.

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The Careerist: Looking for A Few Good Men

Posted on November 01, 2010
Reframing the work/balance issue to include men.

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

Posted on November 01, 2010
Two lawyers join Crowell & Moring's environmental group; Fox Rothschild grows its entertainment practice; and Greenberg Traurig adds two shareholders in Chicago. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Jets Hire Seyfarth Shaw in Favre Sexting Scandal

Posted on November 01, 2010
With ex-Jets employee Jenn Sterger set to meet with NFL investigators this week about whether Brett Favre sent her inappropriate messages during his stint as the team's quarterback, The Am Law Daily has confirmed that the team has hired Seyfarth Shaw labor and employment partner Gary Glaser to handle the matter.

Theodore Sorensen, 82, Kennedy Advisor and Lawyer, Dies

Posted on October 31, 2010
Sorensen was best known as President John F. Kennedy's primary speechwriter. Over the last several decades, he practiced at Paul, Weiss, Rifkind, Wharton & Garrison. Sorensen was, in the words of firm chairman Brad Karp, "a giant, a national treasure, who served our nation and our law firm with great distinction for more than 50 years...

Inside the Octagon: Lewis and Roca Lawyer Stands Tall for UFC

Posted on October 29, 2010
In our regular look at sports and the law, The Am Law Daily talks to an Ultimate Fighting Championship GC with a lot on his hands, considers a bat rack's worth of legal issues surrounding baseball at World Series time, and notes the filing of yet another lawsuit against the NCAA.

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

Posted on October 29, 2010
Three new partners join DLA Piper in New Jersey; a former U.S. undersecretary of Commerce lands at Fried Frank; and two partners are added to Greenberg Traurig's litigation practice. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

The Careerist: The Enablers of Law School Madness

Posted on October 29, 2010
We are either a nation of great optimists or utter fools. And I'm not even commenting about new entrants in the political arena. I'm referring to the seemingly endless flood of people who still aspire to be lawyers, despite the shrinking legal job market.

Cleary, MoFo Tapped for NTT Data's Merger with Keane

Posted on October 29, 2010
The two firms advised on Japanese IT services company NTT Data's $1.2 billion acquisition of Keane Inc., a Citigroup subsidiary.

Dealmaker of the Week: Lois Herzeca of Gibson, Dunn & Crutcher

Posted on October 29, 2010
A 13-year relationship with CommScope helped Herzeca steer the company's $3.9 billion buyout by The Carlyle Group.

Inside the BofA/Merrill Merger: Did Mayopolous's Salary Grumbles Cost Him GC Post?

Posted on October 29, 2010
A new book offers an exclusive look into the firing of former Bank of America general counsel Tim Mayopoulos and other machinations during the course of the bank's shotgun wedding with Merrill Lynch. Plus: BofA hires McGuireWoods chairman Richard Cullen for foreclosure defense work.

Law License Yanked from Florida Firm Founder over Ethics Breaches

Posted on October 29, 2010
The Florida Supreme Court has suspended Adorno & Yoss cofounder Henry "Hank" Adorno from practicing law over his role in a $7 million class action settlement that benefited just seven people and his firm.

Hughes Hubbard Nets $107.8 Million for Lehman Trustee Work

Posted on October 28, 2010
The firm has been paid $107.8 million for its services�as counsel to a court-appointed trustee overseeing the liquidation of the defunct investment bank's broker-dealer unit.

The Careerist: Monsters-R-Us

Posted on October 28, 2010
A Halloween meditation on those �ber-moms who have multiple kids, are partners in law firms or financial institutions, serve as class moms, and show up at every school function bearing armfuls of homemade delectables.

Cahill, SNR Denton Advise on JPMC's Brazil Hedge Fund Buy

Posted on October 28, 2010
Newly-formed SNR Denton made its dealmaking debut advising $6 billion Brazilian hedge fund G�vea Investimentos as it sold a controlling stake to JPMorgan Chase's Highbridge Capital Management.

Latham Advises on $967 million Texas Shale Deal

Posted on October 28, 2010
Another shale deal in the country's booming natural gas market.

Latham, Alston Handle Another Billion-Dollar Carlyle Group Deal

Posted on October 28, 2010
It was another busy week for Carlyle's outside lawyers at Latham & Watkins and Alston & Bird. But in the private equity giant's $2.6 billion takeover of Syniverse Technolgies, Alston was sitting on the other side of the table.

Bartlit BP Spill Bombshell: Halliburton Knew Well Cement Was Flawed

Posted on October 28, 2010
The Fred Bartlit-led legal team investigating the causes of the Deepwater Horizon oil spill on Wednesday released a bombshell finding: despite multiple test results showing that a cement-foam mixture meant to seal the bottom of the well was unstable, Halliburton and BP used the flawed material anyway...

R. Allen Stanford Gets a New Defense Team--Again

Posted on October 28, 2010
The accused Ponzi schemer has shuffled his legal lineup so many times, we've lost count.

Shearman, Skadden Lead on Boston Scientific/Stryker Deal

Posted on October 28, 2010
Medical device manufacturer Boston Scientific has sold its neurovascular business to Stryker for $1.5 billion in cash. Shearman & Sterling and Skadden Arps took lead legal advisory roles on the deal.

White & Case's Thomas Lauria on Icahn's MGM Bid: "Tomorrow is D-Day"

Posted on October 28, 2010
The veteran of the Chrysler, Tribune, and Texas Rangers bankruptcies has another big battle on his hands: advising corporate raider Carl Icahn on his bid for troubled film studio MGM.

Lime Wire Pegs Hopes on Willkie Farr

Posted on October 28, 2010
The beleaguered online file-sharing company has already burned through lawyers from Fulbright and Wilson Sonsini as it watched its business crumble. Will Willkie Farr & Gallagher stick around long enough to do some damage control?

The Story Behind Howrey's Very Bad Year

Posted on October 27, 2010
Low profits, a lack of communication, and the loss of two well-respected members of the executive committee helped set off an extraordinary exodus of partners. While CEO and chair Robert Ruyak has taken steps to right the listing ship, some inside the firm wonder if it's too little, too late.

OTS Approves Private Equity Buy of New Jersey Bank

Posted on October 27, 2010
New York-based private equity firm J.C. Flowers & Company has received approval from the U.S. Office of Thrift Supervision to acquire Saddle River Valley Bank. The deal is the latest in a series of transactions blending the interests of banks, private equity, and government regulators.

Rangel Parts Ways with Zuckerman Spaeder as Ethics Trial Nears

Posted on October 27, 2010
With the firm that's represented Rangel for the last two years no longer on board to defend him, will the House ethics committee delay the congressman's November 15 trial?

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

Posted on October 27, 2010
Winston & Strawn adds two partners from Mayer Brown, including a new practice head; a partner rejoins King & Spalding from CVS Caremark; and Jones Day brings on a former client as a partner. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Citigroup Banker Denies Pushing Terra Firma Bid for EMI as Multibillion-Dollar Fraud Trial Continues

Posted on October 27, 2010
In the closely watched trial between Terra and Citi pitting David Boies against Ted Wells, David "The Worm" Wormsley said he never counseled Terra to bid $4.18 per share or brought up a rival bid in the money-losing deal for EMI

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