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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

Orrick: No Merger With SJ Berwin

Posted on May 04, 2010
In an e-mail sent to partners late Monday night, Orrick, Herrington & Sutcliffe chair Ralph Baxter said the firm will not pursue a potential deal.

DLA Piper Prevails in U.K. Sex Discrimination Case

Posted on May 03, 2010
An employment tribunal in Liverpool ruled in favor of the firm by dismissing a sex discrimination claim filed by a former female real estate associate.

Paul Weiss, Weil Help Keep Dave & Buster's Private

Posted on May 03, 2010
The Dallas-based video arcade and restaurant chain will go from one private equity owner to another in a $570 million deal announced on Monday. Paul Weiss and Weil Gotshal, two firms with longtime relationships with the acquirer, landed lead roles on the deal.

Kirkland's Skadden Hires Pay Dividends

Posted on May 03, 2010
David Fox and Daniel Wolf said they wanted to build a pre-eminent M&A shop at Kirkland. It helps that they've convinced some of their regular clients to stick with them.

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State Suits Against Toyota Could Feed Federal MDL

Posted on May 03, 2010
Scores of lawsuits against Toyota now wending their way through state courts across the country could provide something of a roadmap to plaintiffs lawyers involved in the federal multidistrict litigation against the carmaker overits vehicles alleged unintended acceleration problems, according to the National Law Journal...

Hogan Lovells Begins Work

Posted on May 03, 2010
But is it truly one firm yet?

V&E Gets BP's First Call on Gulf Oil Spill

Posted on May 03, 2010
It's unclear if they'll get the lead role in any mass torts, but Vinson is on the case early.

Four Firms Take Off With Reported Continental-United Merger

Posted on May 02, 2010
Cravath, Jones Day, Vinson & Elkins, and Freshfield Bruckhaus Deringer are advising on a $3 billion merger that will create the world's largest airline. News reports later in the day Sunday said the boards of both companies have approved the all-stock deal...

THE AM LAW 100 2010: Revenue Per Lawyer Falls Again

Posted on April 30, 2010
The downward trend continued for Am Law 100 firms in 2009 as more than half posted drops in revenue per lawyer--what we consider the most telling economic indicator.

For Manatt, New Twist in Extradition Controversy

Posted on April 30, 2010
A Jamaican cabinet minister--who is also a leading member of the country's ruling political party--insists it was the party, not the government, that hired Manatt, Phelps & Phillips to lobby U.S. officials in connection with a high-profile extradition dispute between the two countries...

Life Beyond Big Law

Posted on April 30, 2010
Unbillable Hours is the true story of a big-firm lawyer's fight to free an innocent man. In the end, the case became author Ian Graham's "personal salvation." Cooley Godward partner Michael Stern reviews the book.

Simpson, Shearman on ICE's Deal for Europe's Leading Emissions Exchange

Posted on April 30, 2010
ICE continues to be hungry.

Four Firms Take Off With Reported Continental-United Merger

Posted on April 30, 2010
Cravath, Jones Day, Vinson & Elkins, and Freshfield Bruckhaus Deringer are advising on a potential merger that could change the landscape of the U.S. commercial aviation industry.

A (Small) Victory for "Catcher" Sequel?

Posted on April 30, 2010
Are you dying to read a fictionalized account of J.D. Salinger attempting to destroy Holden Caulfield? Well, you might get your chance. (But probably not.)

Former Lehman In-House Lawyer: Fuld Fudged Compensation

Posted on April 30, 2010
Oliver Budde, a former associate general counsel at Lehman Brothers, claims that the former CEO for the bankrupt financial services firm under-reported his pay by at least $200 million, according to a story in the current issue of Bloomberg Businessweek.

Two New Headaches for Goldman

Posted on April 30, 2010
One new criminal inquiry; one civil case allowed to proceed. It has been quite a week for Goldman Sachs.

Lessons of the Am Law 100

Posted on April 29, 2010
By aggressively cutting costs, The Am Law 100 eked out a small increase in profits. But the tough choices are just beginning. By Aric Press and Greg Mulligan

Top Beijing Lawyer for Lovells Leaving for Chinese Firm

Posted on April 29, 2010
The managing partner of Lovells?s Beijing office is leaving to join Chinese firm Allbright Law Offices. Because Chinese practice restrictions on foreign lawyers prevent Robert Lewis from being a partner, he will be a senior international legal consultant in the Beijing office of Shanghai-based Allbright...

Lenders Win Battle for Philly Newspapers

Posted on April 29, 2010
Lawyers stayed up all night as a 36-hour bankruptcy auction in the New York offices of Proskauer Rose concluded with creditors taking control of Philadelphia's two major newspapers.

Harvey Miller, Lehman's Main Lawyer, Helping Barclays?

Posted on April 29, 2010
The Weil partner, Lehman's lead bankruptcy counsel, has, in his own view, helped the remants of the company survive a near-collapse. But is his testimony helping Barclays in its case against Lehman's estate?

Bankruptcy Rollercoaster Over: Six Flags Headed for Chapter 11 Exit

Posted on April 29, 2010
Warring bondholders and their lawyers from Akin Gump, Blank Rome, and White & Case reached a $470 million deal, allowing the second-largest amusement park operator in the world to emerge from bankruptcy just in time for summer.

The Plight of the Female Partner, by the Numbers

Posted on April 29, 2010
A survey of about 700 female law firm partners yields some surprising--and discouraging--results.

Wilmer Lands in Dayton

Posted on April 29, 2010
Seeking lower overhead, the Boston-based national firm is consolidating its back-office operations in a town its lawyers on the coasts might consider flyover country.

Simpson, S&C Take Lead on $6.7 Billion Energy Deal

Posted on April 29, 2010
The all-cash acquisition by PPL of part of German power giant E.ON's U.S. operations shows that the energy sector remains hot.

Gibson Dunn, Davis Polk lead as HP Snags Palm

Posted on April 28, 2010
So it's true: For its final major deal, Palm went with Davis Polk, not Wilson Sonsini.

The Gizmodo/iPhone Case: Shield Laws and Stolen Property

Posted on April 28, 2010
Davis Wright Tremaine will be at the forefront of the case--however it ends up being resolved.

Mayer Brown Dodges Another Refco Bullet

Posted on April 28, 2010
Joseph Collins, a former Mayer Brown partner, is in prison for his conduct representing Refco. But broader rulings on the firm's own liability are going Mayer Brown's way--and reassuring other firms whose clients land in hot water.

Ninth Circuit OKs Huge Class in Wal-Mart Gender Discrimination Case

Posted on April 27, 2010
In a 6-to-5 opinion, the appellate court decided the biggest class action in U.S. history can move forward, allowing more than 500,000 female Wal-Mart employees to pursue back pay and injunctive relief against America's largest retailer.

Senators Express Disgust, Anger as Goldman Execs Squirm on the Hill

Posted on April 27, 2010
All eyes were on Capitol Hill Tuesday as Goldman Sachs executives testified before the Senate Permanent Subcommittee on Investigations, answering questions about the investment bank's role in the financial crisis of 2008.

Greenberg Traurig Accused of Malpractice by Former Client

Posted on April 27, 2010
In a lawsuit filed with the Circuit Court of Cook County, Illinois, a former client is suing the law firm for allegedly mishandling a case and costing the company nearly $20 million in damages.

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