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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

Do Corporate Clients Prefer British Firms Over Their U.S. Counterparts?

Posted on August 13, 2010
That's what a recent study by U.K. research firm Acitras found after surveying 1,000 respondents at companies around the world.

Energy M&A Staying Hot For Am Law 200 Firms

Posted on August 13, 2010
Simpson Thacher, Sullivan & Cromwell, Kirkland & Ellis, King & Spalding, Locke Lord, and Fried Frank took the lead on the Blackstone Group's $4.7 billion acquisition of energy company Dynegy on Friday, while S&C and Kirkland also snared legal advisory roles on another $890 million energy deal announced late Thursday...

Suit Claims Hunton Helped Dump a Client's Contractor

Posted on August 13, 2010
Scorned middlemen don?t go away, they sue. That's the lesson Hunton & Williams is learning thanks to a $150 million lawsuit filed in Wisconsin by a company that accuses the Virginia-based firm's lawyers of contract interference.

The Global Lawyer: Plaintiffs Counsel Suing Chevron in Ecuador Engaged in Some Crude Lawyering

Posted on August 13, 2010
In fact, outrage seems appropriate, based on what we know so far of the relationship between the plaintiffs lawyers and a court-appointed Ecuadorian expert, as captured in outtakes from a documentary about the environmental tort litigation against Chevron...

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Buckeye State Battle: Vorys Sater Caught in Outside Counsel Contract Fight

Posted on August 13, 2010
The Columbus-based firm is in the middle of a municipal power struggle that, among other things, is hampering redevelopment efforts in Cincinnati.

Litigator of the Week: Jeffrey Klein of Weil, Gotshal & Manges

Posted on August 13, 2010
For his client Merrill Lynch, Klein collected affidavits from around the country to show that every purported class member faced highly individual circumstances. The hard-line defense paid off when a Chicago judge refused to certify a class of African-American financial advisers and trainees...

Profits Rose, Revenue Dipped at Baker & McKenzie in Fiscal 2010

Posted on August 12, 2010
Profits per equity partner at the firm jumped by 13 percent to $1.125 million for fiscal year 2010, even as gross revenue at the 3,750-lawyer firm essentially was flat.

Ninth Circuit Says Suit Against Spain Over Pissarro Painting Can Proceed

Posted on August 12, 2010
In a win for Davis Wright--and a loss for, among others, Nixon Peabody and Alston & Bird--the U.S. Court of Appeals for the Ninth Circuit ruled en banc Thursday that a suit against Spain over an impressionist masterpiece confiscated nearly 70 years ago by the Nazis can proceed...

The Bankruptcy Files: Law Firm Creditors Look to Collect

Posted on August 12, 2010
Outstanding legal bills owed to firms like Ropes & Gray, Gibson Dunn, Goodwin Procter, and Wiley Rein are bringing the firms into bankruptcy court--not as counsel, but as creditors themselves.

Linklaters, Clifford Chance Advise on GDF Suez Deal for International Power

Posted on August 12, 2010
The mammoth European energy deal will create the world's largest utility.

Hey, DLA, About that $4 Million You Thought You Had Won...

Posted on August 12, 2010
Turns out you didn't win it. And your client actually owes $18 million in legal fees to the other side. Sorry.

Reports: Burkle Suit Against Barnes & Noble Dismissed

Posted on August 12, 2010
Talks over a deal that would have been a victory for the billionaire agitator--and his lawyers at Bingham McCutchen and Young Conaway--broke down midday Thursday. Hours later, a judge rejected Burkle's lawsuit against the bookseller altogether.

Lateral Hiring Picks Up in Chicago; Midwest on the Rebound

Posted on August 12, 2010
While the U.S. economic recovery may be slowing, the cloud of gloom and doom hovering over the Chicago legal market appears to have lifted. According to The National Law Journal's recently published Midwest Report, associate hiring and lateral partner hires by bigger firms are on the rise...

Associate Bonus Drama at Nixon Peabody!

Posted on August 12, 2010
The firm is fighting with an ex-associate who claims they owe him--big.

Can Lawyers Be Happy?

Posted on August 11, 2010
Maybe if they work at it. Contributor and Cooley partner Michael Stern reviews The Happy Lawyer: Making a Good Life in the Law.

Bad Real Estate Deals Good for Law Firms

Posted on August 11, 2010
Weil Gotshal, Willkie Farr, King & Spalding, Alston & Bird, and Sills Cummis & Gross have landed roles advising clients on two transactions for prominent, yet troubled, real estate assets in New Jersey and Georgia.

The Careerist: Your Client, Your Friend

Posted on August 11, 2010
In a special advice column fielding questions from readers, career coach Karen Kahn of Threshold Advisors considers the process of getting business from people you know personally.

The Capmark Bankruptcy Gets Ugly

Posted on August 11, 2010
The case is getting ready to join Tribune and WaMu as among the feistiest going.

Ex-Kirkland IP Litigator Desmarais Lands Swank Space for New Firm

Posted on August 11, 2010
John Desmarais, one of the country's top patent litigators during a ten-year run at Kirkland & Ellis, is set to open his new IP boutique with offices spread across a floor of space at one of Manhattan's most sought-after addresses.

FTC Under Fire over Call to Skadden in Pharma Fiasco

Posted on August 11, 2010
A "curious" phone call the FTC made to a Skadden partner last year has landed the agency in hot water.

BP Spill Cases to be Consolidated Before New Orleans Judge

Posted on August 11, 2010
Meet U.S. district court Judge Carl Barbier, the man chosen to preside over multidistrict litigation arising from BP's massive oil spill in the Gulf of Mexico. A U.S. judicial panel on MDLs added 77 separate actions and more than 200 related cases against BP and other defendants to Barbier's docket on Tuesday...

After Stevens's Death, Williams & Connolly Blasts Prosecutors

Posted on August 11, 2010
Soon after news of Alaska Sen. Ted Stevens's death reached the Lower 48 states late Tuesday, lawyers from the firm that represented him in a 2008 federal corruption trial began lashing out again at the Justice Department over its conduct in the case...

Weil, Skadden on Latest AIG Sell-Off

Posted on August 11, 2010
The AIG selling spree continues.

AP: Judge Denies WAMU Attempt to Get Shareholder Data

Posted on August 10, 2010
Delaware bankruptcy judge Mary Walrath on Tuesday rejected an attempt by Washington Mutual Inc. to obtain personal financial information from shareholders who are demanding an annual company meeting.

Skadden, Proskauer Help NHL Scuttle Kovalchuk Contract

Posted on August 10, 2010
The two firms teamed up to advise the National Hockey League, a longtime client of both, in arbitration proceedings that ended Monday with the rejection of Ilya Kovalchuk's 17-year contract with the New Jersey Devils. Plus: Isiah Thomas's questionable Knicks contract, the sale of another NBA team, and a look at an upstart football league's general counsel...

Kramer, Wachtell on "American Idol" Parent Talks

Posted on August 10, 2010
A bit of brotherly love doesn't hurt in a tough economy.

The Private Equity Revival Continues

Posted on August 10, 2010
Another secondary buyout, this one in the U.K.

Goldman Still in Hot Water Over Abacus Deal?

Posted on August 10, 2010
Perhaps not hot, but not cold, either.

Meet Your New BP Fund Trustees

Posted on August 10, 2010
Embattled British oil giant BP has named two lawyers to serve as trustees of a planned $20 billion compensation fund for victims of a massive oil spill in the Gulf of Mexico.

Judge Slams Lerach, Rules No Community Service for Teaching Time

Posted on August 10, 2010
Welcome news for federal prosecutors upset that former securities litigator Bill Lerach wants time spent teaching a law school class counted toward the 1,000 hours of community service that he must serve as part of his sentence for a criminal conviction: U...

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