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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

Privilege, Law Firms Take Center Stage in Suddenly Hot WaMu Bankruptcy

Posted on December 18, 2009
JPMorgan Chase has been sending letters to WaMu's old law firms, asking them to turn over their client files--including privileged material. Except they didn't tell the legal team representing WaMu's estate.

A Year Later, Simpson Thacher Still Treasury's TARP Go-To

Posted on December 18, 2009
The firm is advising the government on the tricky matter of how to exit an ownership position in Citigroup.

Pepper Partner Front-Runner to Own Rangers

Posted on December 17, 2009
The Rangers aren't exactly the most prestigious franchise in Major League Baseball, but they are still going to run a potential buyer group about $500 million. And a Pepper Hamilton partner is the favorite to win the bidding.

The Am Law Litigation Daily -- Dec. 17, 2009

Posted on December 17, 2009
King & Spalding represents Credit Suisse in a $536 million settlement over Iranian activities; Gibson Dunn and Wilmer advise Intel in an FTC Action; and Howrey and S&C rep Microsoft in its browser agreement with European regulators.

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Weil, Squire Sanders, Wachtell, and O'Melveny on $2.4 Billion Cedar Fair-Apollo Deal

Posted on December 17, 2009
With the help of a private equity boost, it looks like the struggling amusement-park owner's roller coasters will keep on rolling.

What Happens in Vegas: Ten Am Law Firms on Year's Craziest Bankruptcy

Posted on December 17, 2009
We've read through a lot of bankruptcy cases in the last 18 months. We have never seen one quite like this.

Tales of the Deferred: Will Other Firms Follow Nixon Peabody?

Posted on December 16, 2009
After Nixon Peabody announced on Tuesday that it would further delay start dates for two-thirds of the first-year associates it had already deferred until January 2010, we checked in with 42 other firms slated to start new lawyers in a few weeks to see if they'd made any last-minute scheduling changes.

Judge Approves General Growth Properties Mortgage Modification Deals

Posted on December 16, 2009
The novel restructuring--hashed out by Kirkland & Ellis and Venable--will free 103 mall properties to exit bankruptcy by year's end.

Dewey Matches Market for Bonuses, Leaves Lockstep in Place

Posted on December 16, 2009
Dewey & LeBoeuf has announced bonuses, and the firm plans to match the market this year. Other big news: Dewey won't be breaking lockstep anytime soon.

European Regulators Drop Latest Microsoft Antitrust Action

Posted on December 16, 2009
The European Commission has dropped its latest antitrust case against Microsoft, after reaching an agreement with the company to bundle competitors' browser software with Windows in Europe. Howrey lawyers in Brussels played a big part.

Abu Dhabi Fund to Citi: About That 2007 Deal...

Posted on December 16, 2009
The fund wants out of a deal that turned bad.

Remember WaMu?

Posted on December 16, 2009
The defunct bank's Chapter 11 case is providing work for a ton of firms, and that work promises to get more in-depth in 2010.

Dubai's Abu Dhabi $10 Billion Bailout Good News--For Now

Posted on December 16, 2009
With Latham & Watkins assisting, the debt-stricken emirate got a financial lifeline from its oil-rich neighbor on Monday. But the country's money woes are far from finished.

Welcome to the Future: Learning to Love Uncertainty

Posted on December 16, 2009
The Mamas and the Papas had it right: Nothing's quite as sure as change. To which our intrepid columnist adds: dogmatic certainty in an uncertain world is a recipe for catastrophic failure. Even for law firms.

India Shuts its Doors on Foreign Firms

Posted on December 16, 2009
U.S. and U.K. firms have to give up the dream--at least for now--of entering one of the world's fastest-growing economies.

Employment Lawyer Sues Greenberg Traurig for Malpractice

Posted on December 16, 2009
A former Greenberg Traurig client (and an employment law expert) claims that GT committed malpractice when representing him in the dissolution of the law firm he founded. GT counters with the old adage: a lawyer who represents himself has a fool for a client.

Copenhagen Diary: Dueling brackets

Posted on December 16, 2009
They're still talking at the U.N. Climate Conference. Talking, not acting.

SAC Capital Founder's Ex-Wife Hits Him With Bombshell Suit

Posted on December 16, 2009
Steven Cohen's ex-wife says the Wall Street legend committed insider trading as early as the mid-1980s.

McDermott's Lanny Davis Sticks Up For Partner, Ex-Mass Gov. Weld

Posted on December 16, 2009
Two months after joining the firm from Orrick, Herrington & Sutcliffe, Beltway veteran Lanny Davis is representing fellow McDermott partner and former Massachusetts Governor William Weld in a legal dispute involving the collapse of a Kentucky college...

Copenhagen Diary: The Polar Bear in the Room

Posted on December 15, 2009
Anyone who isn't part of the American delegation to the U.N. Climate Control conference seems most worried about the U.S. Senate's reluctance to enact mandatory climate legislation. Senate staffers say a new treaty will hurt American competitiveness...

Former Client to Paul Hastings: Pay Up!

Posted on December 15, 2009
A Cerberus subsidiary fund is suing its former lawyers at Paul Hastings, claiming that their mistakes led to $55 million in losses. Paul Hastings has hired Davis Polk to handle its defense, and blames the economy for Cerberus's bad bet.

Nixon Peabody Defers the Deferred

Posted on December 15, 2009
It's confirmed: At least two-thirds of the firm's incoming associate class scheduled to start in January won't start working at the firm until February 8 or later.

Breaking: Wilmer Freezes Salaries, Breaks Lockstep

Posted on December 15, 2009
After two years of planning, the firm is introducing a new, multi-tiered compensation system in which a larger chunk of a lawyer's pay will be tied to their bonus.

Sheppard Mullin Sues M�tley Cr�e Front Man for Legal Fees

Posted on December 15, 2009
The firm is suing M�tley Cr�e lead singer Vince Neil for $62,000 in unpaid legal fees for four months of representation in negotiating various entertainment and corporate agreements for the rocker.

Hogan Lovells Merger Approved By Partners

Posted on December 15, 2009
The partnerships of Hogan & Hartson and British firm Lovells have approved the merger between the two firms that was first announced two months ago. The Hogan Lovells shingle is now scheduled to go up May 1.

Tiger Lawyers Up

Posted on December 15, 2009
Tiger Woods hired a law firm that doesn't mess around when it comes to potential libel claims.

Sonnenschein Latest to Ditch Lockstep

Posted on December 15, 2009
The firm is moving to a three-tiered merit-based pay system.

The Am Law Litigation Daily -- Dec. 15, 2009

Posted on December 15, 2009
After nixing the prosecution of two Broadcom defendants, Judge Cormac Carney is set to rule on motion to dismiss charges against former CFO Ruehle; Florida lifts the curtain on its selection of securities class action firms; and Grant & Eisenhofer files a derivative suit challenging Goldman bonuses...

Good News for Clifford Chance, Latham on Oracle-Sun Deal

Posted on December 14, 2009
The EU's antitrust authorities seem ready to approve the deal after Oracle offered a key assurance.

Quinn Emanuel Wants $1 Million For NY Work

Posted on December 14, 2009
After winning a "stunning reversal" of two lower court rulings earlier this year, the firm has submitted its legal bill for winning New York Gov. David Paterson's legal battle to appoint a lieutenant governor.

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