Legal News

Will Bracewell & Giuliani Client Prove to Be Oil Spill Savior?

Posted on June 30, 2010
The firm is representing the CEO and founder of Taiwan Maritime Transport, which claims to have a solution to the Gulf of Mexico oil spill: a renovated supertanker designed to skim up to 15 million gallons of oily water a day.

New Bar Exam Riles Indian Law Grads

Posted on June 30, 2010
The Bar Council of India has announced it will now require law graduates to take a national bar exam, starting this year. Six suits have already challenged the measure, and a regional bar chairman has resigned in protest.

Formidable Legal Lineup on McCourt Divorce Case

Posted on June 29, 2010
All-star litigators Stephen Susman and David Boies are set to face off in a court battle that will determine ownership of the Los Angeles Dodgers baseball team.

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

Posted on June 29, 2010
Chadbourne & Parke adds a new senior counsel to its Dubai office; an IP litigator returns to Jenner & Block; and Cooley's national tax practice is +1. The Churn is constant. Please send announcements and press releases to thechurn@alm.com...

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SEC Coughs Up $755,000 to Former Agency Lawyer

Posted on June 29, 2010
And let's not forget the key role played by Mary Jo White.

Temperatures Rise--And So Does Level of M&A Action

Posted on June 29, 2010
The European debt crisis may have stifled a strong start in dealmaking at the beginning of the year, but a new report from Ernst & Young predicts that smaller deals and growth in emerging markets will lead to a rise in global M&A activity for the second half of 2010.

White & Case Steps Up for Lehman Creditors

Posted on June 29, 2010
And they are not happy with Lehman's reorganization plan.

Three Big Firms Pass the Political Football

Posted on June 29, 2010
Debevoise & Plimpton, Perkins Coie, and Paul Weiss have seen their names pop up lately in connection, respectively, with a federal probe of one former governor, an inquiry into a second ex-governor's trust fund, and Senate majority leader Harry Reid's reelection fundraising efforts.

The Age-Old Battle Between Local Counsel and Those Big-City Lawyers

Posted on June 29, 2010
It's playing out again in the Eastern District of Pennsylvania.

Mayer Brown, Simmons Nix Merger Plans

Posted on June 29, 2010
For now, there won't be a third major cross-Atlantic merger.

Fried, Frank Counsel Martin Ginsburg Dies at 78

Posted on June 28, 2010
The tax law expert represented high profile clients, including presidential  hopeful Ross Perot, and served as an advisor to government tax panels.

The Careerist: K&L Gates Looks for Sass, Smarts, and Edge

Posted on June 28, 2010
You can always count on K&L Gates chair Peter Kalis to upset conventional wisdom on any given topic. And he doesn't disappoint, in talking about what his firm looks for in new hires.

Kirkland, Brown Winick on $1 Billion Herbicide Deal

Posted on June 28, 2010
Privately-held Albaugh Inc., a leading supplier of generic crop chemicals, was ripe for the picking. Makhteshim Agan will aquire the company for $1 billion.

Qwest, Nacchio Squabble Over Legal Fees

Posted on June 28, 2010
A federal appeals court may have reduced the six-year prison sentence that former Qwest Communications CEO Joseph Nacchio received for an insider-trading conviction in April 2007, but the dispute over the disgraced executive's legal bills related to the trial carries on, according to The Denver Post.

A Texas Two-Step, as Baker Botts, Vinson Lead on Oil Services Deal

Posted on June 28, 2010
What moratorium? The oil services industry is gushing lately. Today's deal: Baker Botts & Vinson took lead roles in Noble Corp's $2.16 billion acquisition of Frontier.

Jones Day, Skadden Alum Teams with Nixon Peabody for Absinthe Endeavor

Posted on June 28, 2010
If U.S. Supreme Court-watchers need a postwork drink after a busy Monday, one of the many alcoholic beverages now available to them is absinthe. They can toast an ex-Jones Day and Skadden Arps attorney for bringing the drink to America, as the longtime ban on the 124-proof spirit looks to fall now in France as well.

Round-Up: How Am Law 200 Lawyers Fared on a Big SCOTUS Day

Posted on June 28, 2010
Am Law winners and losers in today's high-profile U.S. Supreme Court cases.

A Jobs Bill for Lawyers?

Posted on June 28, 2010
The passage of financial reform legislation means attorneys who work at the intersection of finance and regulatory matters will be in high demand.

Dealmaker of the Week: Peter Finlay of
White & Case

Posted on June 25, 2010
As lead counsel on the recent $2.5 billion merger between Acergy S.A. and Subsea 7 Inc., the London-based lawyer found himself in the thick of the deal just as the World Cup tournament was kicking off.

Debevoise Picks Up Booz Allen Hamilton IPO Work

Posted on June 25, 2010
The firm is advising the consulting giant on its planned $300 million initial public offering. Plus: Wilson Sonsini, Simpson Thacher, Latham & Watkins, and Mintz Levin pick up work on the latest round of IPOs.

The Lateral: Hank Asbill Just Keeps on Moving

Posted on June 25, 2010
Six years after leaving his Washington, D.C., boutique for a string of top corporate firms, Henry "Hank" Asbill says he is thriving because of--not in spite of--his extensive criminal defense experience.

Paul Weiss Cracks Open a PBR For Beer Sale

Posted on June 25, 2010
The firm advised veteran food executive C. Dean Metropoulos on his acquisition of the Pabst Brewing Company, maker of such classic alcoholic beverages like Pabst Blue Ribbon, Old Milwaukee, Schlitz, and Colt 45.

The Careerist: Lawyer Bites Boss

Posted on June 25, 2010
The former legal head of Zurich UK Services says she was harassed and bullied by a junior lawyer. Do women managers have a harder time? Or was this just an unusual case.

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

Posted on June 25, 2010
A Southern District of New York judge joins Skadden; Foley Hoag welcomes a new cochair to its life sciences practice; and Proskauer expands its M&A group. Plus: A partner leaves Reed Smith to serve as GC for a nonprofit. The Churn is constant. Please send announcements and press releases to thechurn@alm...

NY State Bar to Consider, Propose Changes to Legal Profession

Posted on June 25, 2010
A task force consisting of law firm partners, law school professors, and in-house attorneys will spend several months considering changes in the profession brought on by the recession and advances in technology.

With Medvedev in U.S., Exiled American Lawyer Speaks Out Again

Posted on June 25, 2010
While Russian President Dmitry Medvedev toured the U.S. this week, eating burgers with President Obama and stopping in Silicon Valley in search of investment for a planned Russian technology hub, Jamison Firestone, a U.S. lawyer who cofounded Moscow law and audit firm Firestone Duncan 17 years ago, turned to YouTube and Congress to call attention to the plight of a client and death of a former law partner.

FCPA Probe of Weatherford Expands

Posted on June 25, 2010
The government's probe into Weatherford International's dealing in foreign countries is now a multiagency civil and criminal investigation. From Corporate Counsel

Cooley Goes After Wilson Sonsini in Brocade Fight

Posted on June 25, 2010
It didn't quite work, but it was entertaining.

Real Estate Investor Sues Troutman Sanders, Partners

Posted on June 24, 2010
New York real estate investor Rubin Schron is suing Troutman Sanders and the former head of the firm's real estate investment and capitalization practice, Leonard Grunstein, as well as Troutman M&A partner Lawrence Levinson, for allegedly breaching their fiduciary duties to their former client.

Davis Polk, Cravath on $3.2 Billion Citi Auto Loan Deal

Posted on June 24, 2010
The same half-dozen firms dominated the deals of the bailout, so it makes sense that they are dominating the fallout from those deals as well.

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