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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

DLA Leads on Sale of Legal Outsourcing Firm

Posted on January 28, 2010
Is private equity finally emerging from its slumber? The sale of CPA Global, a leading legal process outsourcer, could mean greater fortunes for law firms hoping to land some clients in the long-dormant buyout market.

R.I.P. J.D. Salinger

Posted on January 28, 2010
The beloved author's most famous work was at the center of one of the most interesting fair use cases of the last few years. And it's still going on.

Skadden Lawyer Sues Husband, Charged With Attempted Murder, for $30M

Posted on January 28, 2010
Mary Margaret Farren claims she is unable to work after her husband's alleged attack.

Allen & Overy, Scandinavian Firms Strike Deal to Save Saab

Posted on January 28, 2010
The Magic Circle firm teamed up with two leading firms from Sweden and Finland to advise on the $400 million sale of General Motors' Saab unit to Dutch automaker Spyker this week.

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Everyone Comes Out in Support of Textron's SCOTUS Plea in Work-Product Privilege Case

Posted on January 28, 2010
Curtail some piece of attorney-client privilege, and you can expect an outpouring of opposition from the Am Law community. Case in point: The pile of amicus briefs filed Wednesday in the Textron work product case.

THE AM LAW 100: Reed Smith Sees Profits Rise as Revenue Dips

Posted on January 28, 2010
Million-dollar profits: yes. Billion-dollar revenues: no.

In Ailing CRE Market, Law Firms Seek New Leases

Posted on January 27, 2010
Proskauer Rose, Baker & McKenzie, Troutman Sanders, Dorsey & Whitney, Winston & Strawn, Barnes & Thornburg, Sedgwick Detert, and Sutherland Asbill have either signed new leases this month or are in the process of exploring opportunities for new space.

The Churn: Lateral Moves and Promotions in The Am Law 200

Posted on January 27, 2010
Cozen O'Connor's antitrust practice has a new co-head. K&L Gates boosts its Orange County corporate practice. Plus moves to Reed Smith, Seyfarth Shaw, and Sidley Austin. The Churn is constant. Send your news to amlawdaily@alm.com.

Tax Lawyers Not Up in Arms About New IRS Proposals...Yet

Posted on January 27, 2010
We asked some tax lawyers: How big of a deal are the proposed regulations the IRS released on Tuesday?

Sidley, Cleary Lead on RUSAL's Hong Kong IPO

Posted on January 27, 2010
The Russian aluminum maker's controversial Hong Kong IPO made its market debut Wednesday. It's the first time a non-Asian company has chosen to have its primary listing in Hong Kong, with a secondary listing in Paris.

Why Lawyers in the Allen Stanford Case are Smiling

Posted on January 27, 2010
A federal judge in Houston has ruled that a Lloyd's of London D&O insurance policy that reportedly covers up to $95 million in fees for defense lawyers can be accessed by individual defendants hit with civil and criminal charges related to the collapse of Allen Stanford's business empire.

Shearman, Cleary tapped for $3.8 Billion Brazilian Fertilizer Deal

Posted on January 27, 2010
Rio de Janeiro-based Vale S.A. will buy Bunge Ltd's Brazilian fertilizer nutrients unit as part of a deal that may ultimately help Brazil reduce its dependency on imports.

Greg Craig Heading to Skadden

Posted on January 27, 2010
Craig, the former White House counsel and Williams & Connolly partner, will head up a group that focuses on offering public policy analysis to clients.

Scott Rothstein Pleads Guilty

Posted on January 27, 2010
The Daily Business Review, an Am Law Daily sibling publication, reports on the dramatic scene that unfolded Wednesday morning inside--and outside--a federal courtroom in Florida as the disgraced attorney pleaded guilty to engineering a $1.2 billion Ponzi scheme through the law firm he once ran.

Debevoise Partner, a Blair Adviser, Was Against Iraq War Before He Was For It

Posted on January 27, 2010
Lord Peter Goldsmith served as the U.K.'s attorney general and top legal adviser to former Prime Minister Tony Blair from 2001 to 2007. Goldsmith, now chair of European litigation at Debevoise & Plimpton, told a British panel on Tuesday that his advice on the legality of the 2003 invasion of Iraq changed at least once.

Armed Man Seen in Northwestern Law Building

Posted on January 27, 2010
Those inside are being told to lock themselves in their offices.

THE AM LAW 100: How Badly did Am Law Firms Really Fare Last Year?

Posted on January 26, 2010
Many in the legal industry are eager to close the book on 2009. But there remains one final chapter to write before that can happen--and The Am Law Daily is in the process of writing that chapter with our posts on the financial performance of individual Am Law 100 and 200 firms in 2009.

Artist Fairey Faces Criminal Probe Over Lies in "Obama Hope" Case

Posted on January 26, 2010
The existence of the investigation into Shepard Fairey's behavior in a copyright dispute became public during arguments before federal district court Judge Alvin Hellerstein in a Manhattan courtroom Tuesday afternoon.

To Haiti and Back: "I Saw Things I Wish I'd Never Seen"

Posted on January 26, 2010
Sutherland Asbill & Brennan partner Peter Anderson traveled to Haiti along with two American doctors last week. The Am Law Daily caught up with him by phone Tuesday afternoon to talk about ServeHAITI and its work amid the devastation.

Am Law Alums Choose Different Path At Israeli Firm

Posted on January 26, 2010
Outside Counsel Solutions--founded by a former McDermott Will & Emery partner--started as an in-house legal unit of telecommunications company IDT. Spun off as its own legal outsourcing firm about a year ago, OCS is now refashioning itself to service U...

Hold the Presses: U.S. Printer to Buy Canadian Rival for $1.4 Billion

Posted on January 26, 2010
Once the ink dries on the deal--put together by attorneys from Foley & Lardner, Sullivan & Cromwell, Torys, and Osler, Hoskin & Harcourt--the L.L Bean catalog and Sports Illustrated will have something in common--and it?s not swimsuit models...

Inside One Fixed Fee Arrangement: Who's Getting the Best Deal?

Posted on January 26, 2010
So far at least, the agreement between K&L Gates and Brunswick Corp. has been a boon for the client.

THE AM LAW 100: Wilmer Profits Increase 7 Percent

Posted on January 25, 2010
Wilmer Cutler Pickering Hale and Dorr saw an increase in profits per partner in 2009, and a slight decrease in gross revenue, according to figures released by the firm Monday.

Swiss Court Ruling Could Scuttle UBS Settlement

Posted on January 25, 2010
The decision could create a new challenge for federal prosecutors trying to track down UBS clients who allegedly used tax shelters to avoid paying their due.

It Took 11 Months, But...

Posted on January 25, 2010
Gibson Dunn and Latham have managed to help get U.S. Department of Justice approval for the Live Nation-Ticketmaster merger.

Who Wants Pizza? Bain Capital Wants Pizza!

Posted on January 25, 2010
Ropes, Squire Sanders and Jones Day can probably afford to splurge on some gourmet stuff after handling Bain's deal for the Domino's Pizza franchisee in Japan.

It's All About Japan, Part I: Latham, Skadden on $4 Billion Cable Deal

Posted on January 25, 2010
This was one of two large Japan deals today.

Manhattan's Largest Apartment Complex Returned to Creditors

Posted on January 25, 2010
A mammoth $5.4 billion real estate deal from 2006--Tishman Speyer and BlackRock's acquisition of New York residential communities Stuyvesant Town and Peter Cooper Village from MetLife--has been unwound as the Manhattan apartment complex was returned to creditors on Monday...

Pepper Hamilton Attorney Gets the Texas Rangers

Posted on January 25, 2010
There were lawyers everywhere on the deal, reported to be worth just north of $500 million, and there is still much work to be done. That's good news for Weil, Foley & Lardner, Latham and other firms on the deal.

THE AM LAW 100: Revenue, Profits Flat at Northern California's Biggest Firms

Posted on January 24, 2010
Of eight northern California firms surveyed, most saw single-digit changes in profits per equity partner. Two exceptions: Townsend and Townsend and Crew, which posted a 15 percent jump in PPP, and Cooley Godward Kronish, which posted an 11 percent drop in partner profits.

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