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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

Linklaters, Allen & Overy Handle $450 Million Settlement in Bribery Probe

Posted on February 08, 2010
BAE Systems, Europe's largest military contractor, has agreed to enter a global settlement with the U.S. Justice Department and the U.K.'s Serious Fraud Office to resolve long-standing allegations of foreign corruption connected to a series of arms deals with governments in Europe, Africa, and the Middle East.

Greenberg Traurig Takes Case of Sweetheart Rent Dispute

Posted on February 08, 2010
The firm is probably not looking forward to the populist rage that's about to be directed at its new client.

In Surprise Move, Allen & Overy Plants Flag Down Under

Posted on February 08, 2010
With a Monday announcement that it has recruited 17 local partners to open offices in Sydney and Perth, British legal giant Allen & Overy is clearly making a major push into Australia.

Alston & Bird Eyes Its Own Building

Posted on February 05, 2010
The firm has partnered with a developer to look at the possibility of constructing its own office tower in Atlanta. It's an unusual endeavor for a law firm, even during boon times.

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Top UBS Lawyer Leaves for Private Practice

Posted on February 05, 2010
Bernhard Schmid, head of the legal department at the Swiss banking giant, has left the company for a partnership at a Zurich firm founded by a former banker.

White & Case Exodus Continues

Posted on February 05, 2010
Legal Week reports that Latham & Watkins has lured M&A partner Andrew Macklin from White & Case's Doha office, the thirteenth partner to leave the firm for Latham in the past week.

THE AM LAW 100: Indicators Pointing Down at Willkie

Posted on February 05, 2010
The firm's profits-per-partner figure remains above $2 million despite two straight years of decline.

Psst...Wanna Buy a Law School?

Posted on February 05, 2010
One upside of the recession: times couldn't be better for public universities shopping for private law schools at bargain basement prices.

Legal Sector Loses 1,100 Jobs in January

Posted on February 05, 2010
The U.S. economy continued to hemorrhage jobs the first month of the 2010, but the overall unemployment rate fell to 9.7 percent, according to the latest report by the Bureau of Labor Statistics.

Talkin' Labor Negotiations with De Smith and Partying with Willie Gary

Posted on February 04, 2010
Only in Miami in the prelude to Super Bowl XLIV could a well-known sports radio host swap antitrust and labor tales with a former Patton Boggs partner, while a famous plaintiffs lawyer cohosts a "Party Under the Stars" extravaganza with the so-called hardest working man in radio.

Sidley, Solo Lawyers Helped Corrupt African Official on U.S. Buying Spree

Posted on February 04, 2010
The firm and the other lawyers and real estate agents named in a blistering report didn't break any laws, and Sidley performed plenty of due diligence, getting the Justice Department's okay on the work. But Senate investigators hope this report results in stricter rules related to money laundering.

Debevoise and Gillibrand: No Official Relationship

Posted on February 04, 2010
The firm hosted a meeting of the freshman senator's campaign finance committee but says it has no official relationship with her.

Third Circuit Splits on Pair of School Speech Cases

Posted on February 04, 2010
Drinker, Biddle, Reed Smith, and Pepper Hamilton played roles in backing students fighting suspensions for out-of-school speech in the two cases.

THE AM LAW 100: Profits, Revenue Drop at Quinn Emanuel

Posted on January 29, 2010
In 2008 Quinn Emanuel Urquhart Oliver & Hedges had the third-highest profits per partner in the Am Law 100, sending partners home with an average $3.3 million. Profits per partner in 2009 dropped 6 percent from those lofty heights.

Dealmaker of the Week: Steven Sletten of Gibson, Dunn & Crutcher

Posted on January 29, 2010
From the minute that Live Nation and Ticketmaster announced a merger agreement last February, it was clear the two companies would face a prolonged antitrust battle before finalizing their tie-up. Teams of lawyers mobilized to defend the deal before regulators around the globe...

As Temperature Rises on Climate Talk, Four Alston Partners Seek Their Own Change

Posted on January 29, 2010
An uptick in climate change litigation and the SEC's impending release of new disclosure rules on climate change risks has presented four partners from Alston & Bird with a new opportunity. The lawyers have launched a new firm dedicated solely to environmental, energy, and climate change issues.

What's Up With Kirkland's Revolving Door?

Posted on January 29, 2010
Star patent litigator John Desmarais this week announced he is giving up his partner title to become of counsel at the firm while launching a patent licensing company. Desmarais's move comes on the heels of last week's announcement that star litigator David Bernick is headed to Philip Morris International...

S&C Can Breathe Easier in WaMu Case...for Now

Posted on January 29, 2010
A judge denied WaMu's request to subpoena documents from a host of entities, including Sullivan & Cromwell.

Review: The Deep End is Shallow and in Need of a Dialogue Coach

Posted on January 29, 2010
We watched two episodes of ABC's new prime-time legal drama The Deep End and somehow survived to give you our verdict.

Deep into the Lehman-Barclays Dispute

Posted on January 29, 2010
Boies Schiller filed thousands of pages early today contending that Barclays did not get a secret sweetheart deal when it purchased Lehman Brothers' North American assets during the height of the economic crisis.

THE AM LAW 100: Hughes Hubbard's Revenue, Profits Spike

Posted on January 29, 2010
Hughes Hubbard & Reed reported 10 percent increases in gross revenue and profits per partner for 2009, thanks to its work on the Lehman bankruptcy and a strong product liability practice.

THE AM LAW 100: Paul Weiss Reports "Most Profitable Year in Firm's History"

Posted on January 29, 2010
"The last quarter of 2009 was the busiest period in our firm's history," says firm chair Brad Karp. Profits per equity partners hit $2.69 million, while gross revenue slipped to $665.5 million.

THE AM LAW 100: Gross Revenue, Profits Down at Goodwin Procter

Posted on January 29, 2010
The Boston-based firm's gross revenue fell 4 percent to $658 million in 2009. Revenue per lawyer was off 7.5 percent to $788,000, while profits per partner fell nearly 3 percent to $1.27 million.

History Rhymes

Posted on January 29, 2010
What can the legal summer associate recruitment market learn from the experiences of the medical internship recruitment market six decades before? And what is likely to happen if a proposal by a commission established by NALP that all law firms move to a common offer date in January for 2L recruiting is implemented?

Latham Raids White & Case's London Banking Practice

Posted on January 29, 2010
In a major lateral move, four highly regarded banking and capital markets partners at White & Case in London are leaving the firm for Latham & Watkins.

Robins Kaplan Nabs Three From Lovells, Opens NYC Office

Posted on January 28, 2010
The new Manhattan outpost will be the ultra-profitable firm's sixth domestic office.

Robert Joffe of Cravath, Dead at 66

Posted on January 28, 2010
A fine litigator and a fine man, Bob Joffe made his mark with polished skills, good judgment, and a commitment to public service.

Was Justice Alito's SOTU Reaction Justified?

Posted on January 28, 2010
Next to the death of J.D. Salinger, it seems all anyone wants to talk about today is President Obama's reprimand of the Supreme Court during Wednesday night's State of the Union address--and Justice Samuel Alito's reaction. ALM's own SCOTUS correspondent Tony Mauro weighs in...

Former Clients File Malpractice Suit Against Milbank

Posted on January 28, 2010
Milbank, Tweed, Hadley and McCloy faces claims of malpractice, breach of fiduciary duty, and breach of contract brought by two former clients that the firm advised on the financing of a failed Nebraska ethanol project.

Kelley Drye Sued By EEOC for Age Discrimination

Posted on January 28, 2010
The Equal Employment Opportunity Commission sued Kelley Drye & Warren on Thursday, claiming that the New York firm's compensation system discriminates against partners based on their age.

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