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Legal News

The AM Law Daily 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

Recent Entries: 2659

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Georgia Supreme Court Tells Ex-Greenberg Associate to Try Again

Posted on June 07, 2010
Michael J.C. Shaw, a former bankruptcy and foreclosure associate at Greenberg Traurig who billed nearly $500,000 under an assumed name, had his request for voluntary suspension rejected for the second time in three months by the Supreme Court of Georgia.


A Kenneth Starr Update

Posted on June 07, 2010
We've got updates on a few legal angles to the Kenneth Starr matter.


Debevoise, Wachtell Lead on $1.13 Billion Deal for Kroll

Posted on June 07, 2010
Private security services firm Altegrity is hoping that its acquisition of risk consulting firm Kroll will make it the detective agency of choice for corporate clients and law firms. On Monday, Kroll announced it would be sold in a $1.13 billion all-cash deal.


A Bhopal Verdict, 25 Years Later

Posted on June 07, 2010
Eight people were handed prison sentences for what has been described as the worst industrial accident in world history.


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The Careerist: Working the Room

Posted on June 05, 2010
Steven Bennett, a partner in Jones Day's New York office, has offered up some pointers on "working a room" in the current issue of The National Law Journal. His advice is surprisingly user-friendly.


The Bankruptcy Files: A-Rod Steps into Rangers Bankruptcy Fray

Posted on June 04, 2010
As creditors continue to fight over ownership of the Texas Rangers baseball team, a lineup of lawyers that could fill a 40-man roster has started to come together.


Another Russian Lawyer Targeted in Hermitage Capital Case

Posted on June 04, 2010
Alexander Antipov is the eighth lawyer to be accused of falsifying evidence in an ongoing case against the London-based hedge fund. Critics say the lawyers are facing trumped-up charges from Russian authorities who are under fire for corruption.


Legal Sector Sees Jobs Bump in May

Posted on June 04, 2010
Just 300 of the 431,000 new jobs added to the U.S. economy in May were in the legal sector. Still, that counts as good news in an industry that watched 22,200 jobs disappear over a single year.


Dealmaker of the Week: Brad Eric Scheler of Fried Frank

Posted on June 04, 2010
After months of struggle for control of distressed hotel chain Extended Stay, Scheler helped a consortium led by Centerbridge Partners win approval for its plan with a $3.93 billion bid--topping rival Starwood Capital Group by just $40 million.


Report on Wal-Mart Sex Discrimination Foreshadowed Massive Class Action

Posted on June 04, 2010
The New York Times reports that back in 1995--six years before Wal-Mart was hit with the largest class action in U.S. history--Akin Gump warned the megaretailer that it was courting danger if it didn't institute big changes.


Baker Botts v. Asarco Fee Fight in Full Swing in South Texas

Posted on June 04, 2010
A little less than six months after Asarco emerged from bankruptcy, the copper miner is caught up in a fight to recoup $25 million in fees from its former lawyers.


Free Speech, Schools, and the Internet: The Third Circuit Debates

Posted on June 04, 2010
The court heard two very similar cases, but will it issue a ruling that sets any sort of workable precedent?


Breaking: Baker & McKenzie Taps São Paulo Partner as Next Firm Chair

Posted on June 03, 2010
Eduardo Leite, who has served as managing partner of the firm's Brazil offices since 2003, has been elected chairman of Baker & McKenzie's eight-person executive committee. Leite will take the reins from current chair and Chicago partner John Conroy Jr...


And They're Off: Churchill Downs Leads Pack in Thursday Deal Round-Up

Posted on June 03, 2010
A series of transactions announced this week--encompassing such disparate industries as horse wagering, cybersecurity, video production, and government bonds--kept lawyers at at such firms as Sidley Austin, Kirkland & Ellis, Cooley, Morrison & Foerster, and Fenwick & West busy.


Dechert Announces New Firm Leadership

Posted on June 03, 2010
Chairman and CEO Barton Winokur will be stepping down in 2011 after 15 years at the helm of the firm. New York partner and star litigator Andrew Levander has been named chairman-elect; Philadelphia partner and vice chairman G. Daniel O'Donnell has been named CEO-elect.


Winston & Strawn Lawyer at Center of Financial Advisor Case

Posted on June 03, 2010
And he's no longer listed on the firm's website.


WaMu Judge Rewards Shareholders, Susman For Fighting On

Posted on June 03, 2010
Don't start cashing those checks yet, WaMu creditors.


The Careerist: Encounters With Hiring Partners, Part II

Posted on June 03, 2010
First, it was Jones Day hiring partner Gregory Shumaker who explained what his firm looks for in prospective associates. In the second installment of The Careerist's hiring partner Q&As, Vinson & Elkins's Thomas Leatherbury reveals what goes, and what doesn't, in the Lone Star state...


Two Hostile Deals, Two Different Outcomes

Posted on June 03, 2010
A nasty takeover battle between Air Products and Airgas rages on, while Astellas and OSI learn to play nice.


Third-Party Litigation Funding Gets a Close-Up

Posted on June 03, 2010
The New York Law Journal takes a detailed look at two funds investing in third-party litigation and a New York litigator who's handled cases partially funded by outside investors.


Mayer Brown, Ropes Advise on Caterpillar's Acquisition of Locomotive Manufacturer

Posted on June 03, 2010
The world's top manufacturer of earth-moving machinery is moving further into the business of moving people.


Here's 'Jimmy': New York Law Firms Ensnared by Petty Scam

Posted on June 03, 2010
A con artist has hit up about two dozen New York city firms over the past 30 days for cab fare and tips for returning bogus packages full of documents from the New York State Insurance Fund.


Dorsey, McDermott Lawyers Acquitted, But What About Their Jobs?

Posted on June 03, 2010
Also: The British financial regulatory slaps JPMorgan Chase with its biggest fine ever.


DLA Continues Nixon Peabody Hiring Spree

Posted on June 02, 2010
Nixon Peabody has lost two more partners to DLA Piper, this time from the helm of its insurance and reinsurance practice. The moves bring the total number of Nixon partners joining DLA in recent weeks to nine.


Everyone Else Tells WaMu
Shareholders: Please, Stop It

Posted on June 02, 2010
The shareholders knew their massive discovery request wouldn't be popular.


The Sonnenschein-Denton Wilde Merger:
A Move for the Future

Posted on June 02, 2010
This is a huge move struck after two tough years at Sonnenschein--and everywhere else.


Prudential Drops Bid for AIG Asian Unit

Posted on June 02, 2010
The three-month saga ended early Wednesday morning after key Prudential shareholders threatened to vote against a $35.5 billion bid for AIA and AIG's board rejected a reduced bid.


Leading Chinese Firm Opens Silicon Valley Office

Posted on June 02, 2010
Following the lead of China's largest law firm, the Beijing-based Jun He Law Offices has opened an office in Silicon Valley with lateral hires from three U.S. firms.


Survey Says In-House Departments Plan to Halt Outside Spending

Posted on June 02, 2010
A quarter of the 150 in-house lawyers surveyed by Robert Half Legal said their legal departments would turn over less work to outside firms over the course of the next year. Nearly two-thirds predicted no change.


The Convenience Store Wars Begin

Posted on June 02, 2010
It's Dewey and Cravath in what promises to be a fun takeover battle. 


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