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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

When Mom Disses Your Work

Posted on October 18, 2010
Don't even think about ditching your legal career--unless you know you'll be supersuccessful in your dream pursuit. Just ask Eddie Huang, a former Chadbourne & Parke associate turned hip-hop chef, who found out that his mom is an even tougher reviewer than The New York Times.

Skadden, Ropes Advise On Energy Merger

Posted on October 18, 2010
Two New England energy providers--Northeast Utilities and NSTAR--announced Monday that they are merging. The new utility will have a total enterprise value of $17.5 billion.

Cravath Litigator Jumps to Justice

Posted on October 18, 2010
Cravath partner Katherine Forrest takes a job with the Justice Department, making her the fourth partner to leave the firm this year.

Jones Day Sets Sights on Brazil

Posted on October 18, 2010
Luis Riesgo, the partner-in-charge of the firm's Madrid office and chair of the firm's Latin American practice, will relocate to São Paulo to open the firm's first Brazilian office.

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A Seven-Figure CMO?

Posted on October 15, 2010
Jolene Overbeck is the new chief marketing officer at Hogan Lovells--and experience like hers doesn't come cheap.

Could Social Media Be the Salvation for IPOs?

Posted on October 15, 2010
The forecast for initial public offerings may be uncertain, but Fenwick & West private equity cochair Mark Stevens thinks social media IPOs could be the next big thing for corporate securities lawyers. Meanwhile, Milbank has launched a local law practice in Hong Kong by hiring a capital markets partners specializing in Asian IPOs.

Honigman, Former Firm Chair Sued by Ex-Assistant over Discrimination Claims

Posted on October 15, 2010
Denise Fitzhenry, a former executive assistant to Honigman Miller Schwartz and Cohn vice chair Alan Schwartz, claims Schwartz and the firm drove her from her job following an injury.

The Lawyer Who Put the Brakes on Rubber Stampers and Robo-Signers

Posted on October 15, 2010
In a Q&A with The Am Law Daily, lawyer Thomas Cox describes how he helped to uncover a practice that's roiling the mortgage industry and stopping the foreclosure express in its tracks.

For BHP Billiton, an Up-and-Down Friday

Posted on October 15, 2010
Some not-so-good news for the Australian mining giant. And some good news. Maybe.

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

Posted on October 15, 2010
Four partners join Canadian firm Fasken Martineau in Calgary; Baker & Hostetler adds attorneys in Chicago and Cleveland; and a partner rejoins Wilson Sonsini's corporate and securities practice. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Dealmaker of the Week: Jacqueline Marcus of Weil, Gotshal & Manges

Posted on October 15, 2010
In a little over a year, Marcus helped steer hotel chain Extended Stay out of the largest Chapter 11 bankruptcy ever filed by a U.S. hotel owner.

Liverpool Sale to Sox Owner Set After Dual Court Drama

Posted on October 15, 2010
After a wild week of litigation, Britain's storied soccer franchise Liverpool F.C. will be sold to an American investor group led by Boston Red Sox owner John Henry. The deal fielded teams of lawyers on both sides of the Atlantic--and the legal fight over the forced sale is still far from over.

TARP Panel Details Law Firm Earnings from Government Contracts

Posted on October 15, 2010
In a 159-page report released Thursday, the Congressional Oversight Panel detailed how much the U.S. Treasury Department has paid to 18 law firms under contracts awarded in late 2008 in connection with the Troubled Asset Relief Program.

The Ghost of Finley Kumble

Posted on October 15, 2010
Who benefits in the long run from the rise of megafirms?

The Careerist: Secrets of Associate Satisfaction

Posted on October 14, 2010
How did Paul, Hastings jumpe 60 places on our midlevel associate survey this year?

Jenner Wins Appeal for John Steinbeck's Wife's Estate

Posted on October 14, 2010
Descendants of John Steinbeck lost the latest round in their seven-year contract and copyright feud with heirs of the author's third wife.

Dewey & LeBoeuf Powers Atlantic Offshore Wind Power Project

Posted on October 14, 2010
Not only will the firm serve as counsel for the $5 billion Atlantic Wind Connection project, but two of its lawyers helped spark the initiative and will be among its developers.

Barclays Capital Gets Ready for Outside Counsel Reshuffling

Posted on October 14, 2010
Two years after Barclays Capital bought the rump of Lehman Brothers' North American assets for $1.75 billion, the British investment bank has started a review of its outside counsel roster in the U.S.

Man Group Closes $1.6B Deal for GLG Partners

Posted on October 14, 2010
Five firms picked up work on the May deal, which finally closed Thursday.

Judge Rules Insurers Don't Have to Cover R. Allen Stanford's Defense Tab

Posted on October 14, 2010
That sound you hear is lawyers running for the exits in the criminal and civil cases pending against former Stanford Financial Group executives.

Fifty State AGs Take On 'Robo-Signers' in Foreclosure Probe

Posted on October 14, 2010
The AGs have signed on to investigate claims that loan servicers relied on tiny law firms to churn out inadequately vetted and otherwise defective foreclosure documents. The fallout has already extended to the big lenders behind the loans--and the allegations are keeping plenty of lawyers busy.

The Careerist: More on Male Bonding (and Something for the Women, Too)

Posted on October 13, 2010
Women have their own primeval bonding retreats that stress sensuality and empowerment. That's sure to promote team spirit.

Hogan Lovells, Schulte on $815 Million Lockheed Deal

Posted on October 13, 2010
The world's largest defense company is selling one of its consulting divisions amidst increased concern from the government over possible conflicts of interest.

Who Knew So Many Lawyers Love Liverpool?

Posted on October 13, 2010
The sale of a prominent British soccer team gets contentious, Mark Cuban wants to be reimbursed for the fees paid to his lawyers in his failed bid for the Texas Rangers, and the New York Jets's top in-house lawyer is in a tough spot. This and more in The Am Law Daily's semi-regular look at sports and the law.

Greed vs. Partnership

Posted on October 13, 2010
In Steven Harper's new novel about a not-so-fictional megafirm, the partners' behavior is the root of all evil.

The Lateral: DeVita Lines Up on Defense for Day Pitney

Posted on October 13, 2010
James DeVita, who spent much of the 1980s prosecuting high-profile cases as an assistant U.S. attorney in Manhattan--think "Queen of Mean" and Sun Myung Moon--proved his defense chops representing the likes of Dennis Koslowski.

Diversity Conference Features Top Legal Brass

Posted on October 13, 2010
The GCs and managing partners who took part in last week's inaugural meeting of the Leadership Council on Legal Diversity are hoping the group's planned initiatives to increase diversity in the profession will succeed where others have failed...

Waiting Game for Barnes & Thornburg Lateral Hires

Posted on October 13, 2010
Six Wildman Harrold litigation partners gave notice on October 1. Barnes & Thornburg announced the hires on Monday. Now both parties are in limbo, waiting to see when Wildman will release the lawyers.

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

Posted on October 13, 2010
Bingham launches an Asian structured finance practice. Jenner adds more star prosecutor power to its New York-based white collar and investigations practice. And Proskauer's efforts to grow its global transactional practice continue with a hire in London...

About Those Snappy Lawyers in 'The Social Network'

Posted on October 13, 2010
Screenwriter Aaron Sorkin says the lawyers who populate Hollywood's take on Facebook and its founder, Mark Zuckerberg, are composite characters.

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