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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

In Like Flynn: FCC Hires ICO Global GC to Oversee Comcast-NBC Merger Review

Posted on May 20, 2010
John Flynn, a former lawyer at Wilmer Cutler Pickering Hale and Dorr and Munger, Tolles & Olson, will help FCC chairman Julius Genachowski review Comcast's unprecedented $30 billion bid for control of NBC Universal.

NALP Employment Numbers: What to Believe?

Posted on May 20, 2010
The overall employment stats for the class of 2009 are in, and they are better than you might think. But not really.

Cleary, Davis Polk on Symantec's $1.3 Billion Acquisition of VeriSign Assets

Posted on May 19, 2010
Security software maker Symantec announced on Wednesday that it will acquire VeriSign's Internet security business for $1.3 billion. Cleary Gottlieb and Davis Polk secured lead legal advisory roles on the deal.

Thailand Report: Big Firms Shutter Bangkok Offices and Thaksin Hires Amsterdam

Posted on May 19, 2010
While Baker & McKenzie, Herbert Smith, Linklaters, and Mayer Brown close their Thai offices amid the country's growing civil unrest, the man rallying the protesters taps Bronx-born international defense lawyer Robert Amsterdam.

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The Careerist: Pretty Enough for this Job Market?

Posted on May 19, 2010
To the list of insecurities that already plague job applicants (not going to a first tier law school, failure to make Law Review, or the inability to get excited by golf), you can now add physical beauty--or the lack thereof. In her inaugural blog post, The Careerist--a...

Schiff Hardin, S&C Snag Roles on Planned IPO for CBOE

Posted on May 19, 2010
The two firms are advising the Chicago Board Options Exchange and underwriter Goldman Sachs on the proposed listing, which could raise close to $300 million.

Proskauer Rose Has a New Office...And It's Spectacular

Posted on May 19, 2010
The firm's quest for new office space in Manhattan has been one of the city's worst-kept real estate secrets for months. On Tuesday the firm finally confirmed that it is moving into new digs at 11 Times Square, where it will be an anchor tenant and have its name prominently placed on the building's exterior.

Kagan Turns to Skadden for Confirmation Hearing Prep

Posted on May 19, 2010
That the Supreme Court nominee is getting tips from the firm is just one of many, many revelations contained in the 6,000 pages of documents sent to the Senate yesterday in advance of her upcoming confirmation hearings.

And the Winner Is...Corporate Counsel's Best Legal Department 2010

Posted on May 19, 2010
Am Law Daily sibling publication Corporate Counsel unveils the results of its fifth annual look at the companies with the top in-house legal teams in the country. Some of those that made the final cut might just surprise you.

Welcome to the Future: Feedback, Please

Posted on May 19, 2010
If you have a community of professionals (i.e., lawyers) who have been raised in a dominantly summative context, it should come as no surprise that they neither seek feedback, nor are especially good at giving it.

Jamaica PM: "Profound Regret" for Extradition Fight, Manatt Hiring

Posted on May 18, 2010
In an televised speech to his country Monday, Jamaican Prime Minister Bruce Golding said he would finally turn an alleged international drug lord over to U.S. authorities and offered his "deepest apologies" for dragging out the extradition dispute and hiring Manatt, Phelps & Phillips to lobby in connection with it.

The Churn: Buying in Bulk

Posted on May 18, 2010
There can be safety in numbers, and more business. Hunton & Williams, Foley & Lardner, and Reed Smith are among the firms that have brought in group laterals of five or more lawyers in recent weeks. Plus: New York's Mendes & Mount loses 24 lawyers, in part over its mandatory retirement policy...

The Allen Stanford Case Continues to Be a Total Fiasco

Posted on May 18, 2010
More lawyer machinations for the alleged Ponzi schemer.

McDermott Hit with Layoff-Related Age Bias Suit

Posted on May 18, 2010
A former billing specialist says the firm let her go and then hired younger workers to do her job.

CMS Cameron McKenna Inks Major Outsourcing Deal

Posted on May 18, 2010
The firm and legal process outsourcing company Integreon have entered into what the latter describes as the largest legal outsourcing deal ever.

New Book Says Obama Offered Skadden's Craig Judgeship

Posted on May 18, 2010
Also revealed in Jonathan Alter's The Promise: Rahm Emanuel is exactly the kind of guy you think he is.

MoFo, Skadden on $4 Billion Million Astellas-OSI Merger

Posted on May 17, 2010
A rocky courtship that included a hostile takeover bid ends with a friendly marriage.

Hunton Lures Five Paul Hastings Energy Partners

Posted on May 17, 2010
It's a major group lateral for Hunton, which already boasts one of the leading energy practices among the Am Law 100

Kirkland Picks Up Neff Bankruptcy Work

Posted on May 17, 2010
Rents for apartments and office space appear to be on rebound, but, so far, Neff Rentals hasn't been able to cash in. The Miami-based equipment rental company filed for Chapter 11 on May 16 in U.S. bankruptcy court in Manhattan, seeking to eliminate $400 million in debt.

Malpractice Suit Against Morgan Lewis Has Four Firms Pointing Fingers

Posted on May 17, 2010
A malpractice lawsuit against Morgan Lewis & Bockius has set off a flurry of charges between that firm and Gibson Dunn & Crutcher, DLA Piper, and Bingham McCutchen.

Yet Another Story About the Death of the Billable Hour

Posted on May 17, 2010
But with a couple of interesting twists.

Cravath, Shearman Lead on $3.1 Billion Health Care Buy

Posted on May 17, 2010
Mental health clinic operator Psychiatric Solutions announced on Monday that it would be acquired by Universal Health Services for nearly $2 billion in cash, plus the assumption of $1.1 billion in debt.

Wachtell, Davis Polk, Cleary: Anybody But Rakoff, Please

Posted on May 17, 2010
Apparently, Bank of America and its lead outside firms really didn't want to face the judge again.

Five Firms on Man Group's $1.6B Acquisition of GLG Partners

Posted on May 17, 2010
Allen & Overy, Chadbourne & Parke, Clifford Chance, Weil, Gotshal, and Winston & Strawn pitch in on a deal that creates a publicly-traded hedge fund behemoth.

Busy on the Bayou: N'Awlins Firms Seek Oil Spill Work

Posted on May 14, 2010
The Am Law Daily reached out to leaders of five of the largest law firms in New Orleans to see how they're handling the legal fallout from the oil rig disaster in the Gulf of Mexico.

The Bankruptcy Files: Munger Goes Pro Bono for Pasadena Playhouse

Posted on May 14, 2010
The firm's bankruptcy lawyers are dedicating pro bono time to the Pasadena Playhouse, the state theater of California, in its Chapter 11 filing. Greenberg Traurig and Alston & Bird, meanwhile, have also grabbed lead debtors' counsel roles in the latest batch of bankruptcy filings.

Gibson Dunn's Estrada Does Not Think Highly of SCOTUS Confirmation Policy

Posted on May 14, 2010
But he does think highly of his Harvard Law School colleague and friend, Elena Kagan.

THE AM LAW 100 2010: The Departure Lounge

Posted on May 14, 2010
Associate layoffs, coupled with weakness in transactional practices, knocked a handful of Am Law 100 mainstays off this year's list and opened the door for five litigation-oriented Second Hundred contenders.

Skadden Now Begins Retirement Phase-Out at 67, Not 65

Posted on May 14, 2010
The firm has kept its mandatory retirement age at 70.

Maurice Blackburn Targets Excessive Bank Fees in Australian Class Action

Posted on May 14, 2010
In what could be Australia's biggest class action ever, some 40,000 people have signed on to litigation that challenges overdraft and late fees charged by a dozen of the country?s largest banks, the Sydney Morning Herald reports. The total number of plaintiffs could ultimately reach 100,000, the paper reports...

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