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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

Skadden, Reed Smith Lead on Visa's $2 Billion Coming Out Party

Posted on April 21, 2010
Skadden got the work for Visa on the credit card company's first major deal since going public.

Ex-Buchanan Partner Gets His Old Firm Sued--Again

Posted on April 21, 2010
For the second time, the firm is being hauled to court over charges that former partner Louis Diamond botched work on an employee stock plan.

Apple Brings in Heavyweights for Smartphone IP Wars

Posted on April 21, 2010
The Cupertino, Calif.-based electronics manufacturer is calling on legal big guns from Weil, Wilmer, and Kirkland for patent disputes with Kodak, Nokia, and HTC.

It's Quinn v. Skadden in Merrill Suit That May or May Not Resemble the Goldman Case

Posted on April 21, 2010
Merrill's lawyers claim it doesn't, while Quinn and its client claim it does.

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THE CHURN: The Capitol Edition

Posted on April 20, 2010
Akin Gump brings on a top Pelosi policy advisor. Patton Boggs has a new cochair for its energy industry practice. And Cooley Godward's antitrust and regulatory practice grows. The Churn is constant. Send announcements, news, and releases to editorial@alm...

FTC Proposes 'Flexible' New Merger Rules

Posted on April 20, 2010
The Federal Trade Commission has released proposed revisions to guidelines used by antitrust regulators in reviewing mergers between rivals.

SCOTUS Strikes Down Animal Cruelty Law

Posted on April 20, 2010
But considering the 8-1 decision, animal rights groups are optimistic about the future.

When it Comes to Equal Pay, Who's Worse Off--Women JDs or Women MBAs?

Posted on April 20, 2010
Today is Equal Pay Day, but women have little reason to celebrate given how far they lag behind men in compensation. Compared to their MBA sisters, women JDs do better--at least in the initial stages of their careers. That changes down the line.

Firms Look to Feed Global Nuclear Ambitions

Posted on April 20, 2010
In the U.S. and abroad, Am Law 100 firms with nuclear regulatory practices are hoping a renewed appetite for nuclear energy will drive business their way.

Three Sports Teams on the Block, Three Deals for Weil

Posted on April 20, 2010
But what's going on with the sale of the Texas Rangers?

Law Schools Take Note: Students Push for Better Job Stats

Posted on April 20, 2010
Two Vanderbilt Law students are leading the fight for clearer, more detailed employment numbers from schools.

Alternative Fee Arrangements: More Than Window Dressing?

Posted on April 20, 2010
Our colleagues at The Legal Intelligencer take a close look at Duane Morris's finance department.

Deferred Associate Diaries Part III: My First Case

Posted on April 20, 2010
In the third installment of his Deferred Associate Diaries, Andrew Ardinger discusses his first case at the Public Interest Law Project in Oakland.

Bryan Cave Partner in Line for No. 2 Spot at DOJ

Posted on April 20, 2010
White-collar defender James Cole, a former independent monitor for AIG and a long-time colleague of Attorney General Eric Holder, is a leading contender to replace David Ogden as deputy attorney general at the Justice Department.

Assessing the SEC's Goldman Complaint: Is the Government's Suit the First Domino?

Posted on April 19, 2010
Will the inflammatory allegations spur big investors who bought ill-fated CDOs to take action against Goldman and others?

Hogan & Hartson, Akerman Senterfitt on $685 Million Prison Deal

Posted on April 19, 2010
There's nothing criminal about this lockup: leading prison operator The GEO Group buys rival Cornell Companies for $685 million, creating the country's second largest operator of correctional facilities.

On Goldman's "Big Boy" Defense

Posted on April 19, 2010
The investors who purchased the collateralized debt obligation at the center of the SEC's monster suit against Goldman Sachs are "big boys"--experienced investors. Is that enough to get Goldman off?

Meet the Pope's Go-To U.S. Lawyer

Posted on April 19, 2010
The Vatican's counsel of choice isn't a partner at some Am Law 200 shop, but a solo practitioner in Berkeley, Calif. In recent weeks, lawyer Jeffrey Lena increasingly has served as unofficial spokesman and strategist for the Vatican in the U.S.

Firms Power Up On Big Energy Deals

Posted on April 19, 2010
As energy M&A and capital markets work surges, Houston's V&E, Baker Botts, and other Texas firms are seeing plenty of action. But Wachtell, Skadden--and Latham--are also in the mix.

Report Rips SEC, Andrews Kurth Partner

Posted on April 19, 2010
Lawyers who left the SEC for Haynes and Boone and Fulbright & Jaworski also star in a 159-page report critical of the SEC's response in the Allen Stanford case.

Former Skadden Lawyer Seeks $300M for Cancer Treatment Idea

Posted on April 19, 2010
She claims a New Jersey-based pharma company has failed to pay her for suggesting an innovation that has led to "billions" in earnings.

Sonnenschein Helps Protect the First Amendment in the Computer Age

Posted on April 16, 2010
The firm, in its role as go-to outside counsel for a coalition of media groups, monitors state laws across the U.S. for possible First Amendment infringement.

"New York's Most Obnoxious Lawyer" Among Seven Ex-UBS Clients Charged With Tax Crimes

Posted on April 16, 2010
Being dubbed the most obnoxious lawyer in the nation's largest city is an impressive feat. That's what the Village Voice called Kenneth Heller a few years ago, before he was disbarred for being, well, a boor. Heller is back in the headlines, along with six other defendants for collectively hiding $100 million from the IRS.

Dewey Raises $125 Million in Offering

Posted on April 16, 2010
What does the unusual move mean for the firm?

Blocking a (Kind of) Already Blocked Passage to India

Posted on April 16, 2010
International firms already are banned from practicing in India, but an Indian lawyer recently out of law school says U.S. and U.K. firms are practicing their anyway. And he wants them out--completely.

Tragedy Again at Temple Law

Posted on April 16, 2010
It's been a rough year so far for Temple Law School. A year that began with one of the school's students implicated in a downtown Philadelphia shooting in January took another turn for the worse this week as a hit-and-run accident left another student in critical condition...

SEC Charges Goldman Sachs With Fraud

Posted on April 16, 2010
While the reputation of Goldman Sachs may have taken a hit as a result of the financial crisis, the investment banking and securities firm could always hang its hat on the fact that it had never been tainted with charges of wrongdoing. Not anymore. In a stunning civil suit filed by the SEC on Friday, the government accuses Goldman of committing securities fraud.

DLA Parties Like It's 2007

Posted on April 16, 2010
The firm is raising associate salaries back to pre-economic apocalypse levels.

Lanny Davis Leaves McDermott, But Not the Building

Posted on April 15, 2010
Seven months after joining McDermott Will & Emery from Orrick, Herrington & Sutcliffe, Beltway veteran Lanny Davis is setting up his own shop. Davis, who will keep an office in the same building as McDermott spoke to The Am Law Daily about his decision to go solo.

Welcome to the Future: Are Law Schools "Beached"?

Posted on April 15, 2010
It seems so, says contributor Paul Lippe. Like beached whales, law schools have "stranded" themselves, and the situation could be fatal. But the good news is that law firms and clients are happy to help schools get back into the ocean.

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