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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

Duane Morris and the $3,400 Pomeranian

Posted on June 10, 2010
Or: How to get convicted of a federal felony and keep your law license.

Discipline Hearing Underway For Former Conrad Black Lawyers

Posted on June 10, 2010
Two lawyers from Canadian firm Torys who advised Conrad Black are facing professional misconduct charges in connection with their representation of the former media baron.

The Dangers of a Fake Fire Alarm

Posted on June 10, 2010
Someone pulled the alarm at a New Jersey firm, but it's the firm that is in hot water for what happened next.

Report: WTC Respiratory Suits Settlement Reached

Posted on June 10, 2010
After years of litigation, a new settlement has been reached among parties in the thousands of cases brought by plaintiffs who worked at Ground Zero, the New York Law Journal reports.

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Putting a Bow on SNR Denton

Posted on June 10, 2010
It's official, and it's unanimous, despite some concerns from outside the firm that partners at Sonnenschein, who have received significantly less in compensation than planned over the last two years, might be slightly perturbed by the firm's decision to spend on expansion.

Another Am Law 100 Partner Drops Off A Firm's Web Site

Posted on June 09, 2010
Former North Carolina governor Michael Easley's bio as a corporate partner with McGuireWoods has been removed by the firm while he is on a leave of absence.

Closer to an Ambac Bankruptcy

Posted on June 09, 2010
And lots of work for lots of firms.

With New Dublin Office, Dechert Aims for
Luck of the Irish

Posted on June 09, 2010
The firm--which sees its commitment to financial services as a perfect fit with Ireland's growth in the funds market over the past decade--will be the first member of The Am Law 100 to establish an Emerald Isle outpost.

The Careerist: The Summers Wear Prada

Posted on June 09, 2010
Thinking of carrying that Hermes Birkin bag to work as you embark on your summer associate gig? Think again.

Davis Polk, Wachtell on Sale of
BofA's Stake in Santander Mexican Unit

Posted on June 09, 2010
Banco Santander will acquire Bank of America Corp.'s nearly 25 percent stake in Grupo Financiero Santander, the Spanish bank's Mexican arm, for $2.5 billion.

Sidley, King & Spalding Lead on Healthcare Records Merger

Posted on June 09, 2010
Allscripts announces that it will merge with its rival in the healthcare information technology game, Eclipsys. The $1.3 billion deal creates a new leading provider of electronic healthcare records.

Delicious Deals for Kirkland, Cravath, DLA

Posted on June 09, 2010
A Swiss baked goods company got hungry and swallowed up two targets.

Masters of What Game?

Posted on June 09, 2010
Spoiler alert: Williams & Connolly, the fabled white-collar defense boutique, is the firm that Masters of the Game portrays. Cooley Godward partner Michael Stern reviews Kim Eisler's book.

South Florida Ponzi-Scheming Lawyer Scott Rothstein Gets 50-Year Prison Term

Posted on June 09, 2010
A federal district court judge in Fort Lauderdale on Wednesday imposed a longer sentence on the admitted architect of a $1.2 billion Ponzi scheme than either the prosecution or defense sought.

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

Posted on June 09, 2010
Ballard Spahr welcomes a former Chief Deputy Attorney General. Willkie adds even more new partners. King & Spalding and Littler Mendelson open new branches. The Churn is constant. Send announcements and press releases to thechurn@alm.com.

D.C. Lawyers Flock to Field for Strasburg's MLB Debut

Posted on June 08, 2010
Making what could well be the most-hyped major league pitching prospect debut in baseball history, Stephen Strasburg will have more than a few Am Law 100 lawyers on the edge of their stadium seats when he takes the mound for the Washington Nationals Tuesday night...

The Careerist: Truth or Lies?

Posted on June 08, 2010
What should you do about an inconvenient truth in your past--come clean, in full, and be prepared to explain, or gloss over it on your resume or during a job interview?

As the Bike Wheel Turns: Landis Hires LeMond's Wilson Sonsini Lawyers

Posted on June 08, 2010
After admitting to using performance-enhancing drugs throughout his career--and making serious allegations against several former teammates, including Lance Armstrong--disgraced cyclist Floyd Landis has hired a legal team familiar with fighting the seven-time Tour de France champion, according to the New York Daily News.

King & Spalding Helps BofA Settle FTC Charges Against Countrywide

Posted on June 08, 2010
With its vast array of subprime loan offerings during the real estate boom, Countrywide Financial came to symbolize just how risky the mortgage business got during those heady times. Now that the bubble has burst, Countrywide has adopted a more conservative posture--at least when it comes to how it handles the lawsuits stemming from those risky loans.

King & Spalding, Littler Mendelson Establish Far Flung Offices

Posted on June 08, 2010
One firm is leaving the Lower 48 for the Alaskan wilderness, while another sets up shop in the foothills of the Swiss Alps.

Freshfields, Ashurst Advise as Chloride Agrees to Accept $1.3 Billion ABB Offer

Posted on June 08, 2010
Analysts say that Swiss engineering firm ABB may yet find itself in a bidding war with the recently spurned Emerson Electric Corp. over which company will acquire British power equipment maker Chloride Group PLC.

TPG Capital Nabs Cravath Partner for GC Job

Posted on June 08, 2010
Ronald Cami, a 16-year veteran of Cravath, Swaine & Moore, will be based in the San Francisco office of the Fort Worth-based private equity firm.

Lower House of Swiss Parliament Rejects UBS Tax Deal

Posted on June 08, 2010
UBS's ongoing effort to settle a tax case with U.S. authorities faced another obstacle Tuesday when the lower house of Switzerland's parliament rejected a bill that would have allowed the banking giant to release the names of 4,450 customers with undeclared offshore accounts to the IRS.

For This Lawyer, the Cheese Stands Alone

Posted on June 08, 2010
John Putnam traded courtrooms and depositions for life on a Vermont dairy farm. Call him the litigator in the dell.

Casey's, Cravath to Couche-Tard: No Thanks

Posted on June 08, 2010
Cravath and Dewey are gearing up for a fun hostile battle. Fun for us, anyway.

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

Posted on June 07, 2010
Several moves see lawyers landing at major firms from inhouse. A motorsports specialist joins K&L Gates. Plus: NLRB and MTA officials join private firms. The Churn is constant. Send news and announcements to editorial@alm.com.

Are Canadian Law Schools 'Psychotic Kindergartens?'

Posted on June 07, 2010
A retired law professor from the University of Western Ontario is raising questions about what he says is another phenomenon unique to America's northern neighbor: law schools so bad that they should be closed and turned over to the homeless. Seriously.

The Careerist: Labor & Employment Offers Women Lawyers a Chance to Thrive

Posted on June 07, 2010
Why are women so successful in a field where there are so many nasty fights about discrimination and harassment?

Blood Plasma Products Co. Grifols Reels In American Biotherapeutics Company

Posted on June 07, 2010
The market saw a major transfusion of cash today, as Proskauer Rose, Wachtell, Schulte, and Arnold & Porter advised multiple parties on Grifols' acquisition of Talecris for $3.4 billion. The deal still must face scrutiny by the FTC.

Fewer Summer Associates Doing More Interesting Work--But Clients Won't Pay

Posted on June 07, 2010
Summer associate programs have traditionally offered law students a way to familiarize themselves with the inner workings of the legal industry--if not with the actual practice of law. This year's summer associates are learning that, at the moment, those inner workings are getting an overhaul.

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