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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

Magic Circle, Canadian Firms Take Lead on LSE/TMX Tie-Up

Posted on February 09, 2011
Allen & Overy and Freshfields Bruckhaus Deringer are leading on an all-stock merger between the London Stock Exchange and Toronto Stock Exchange.

Chevron Wins TRO Barring Ecuadorian Plaintiffs and Their Lawyers from Attempting to Enforce Ecuadorian Judgment

Posted on February 09, 2011
The unprecedented litigation over Chevron's alleged contamination of the Ecuadorian rainforest took a stunning turn Tuesday when Manhattan federal district judge Lewis Kaplan granted Chevron's request for a 14-day temporary restraining order against the Ecuadorian plaintiffs and their lawyers.

Cadwalader Sued Over Advice on Bank's Fee in Six Flags Proxy Fight

Posted on February 09, 2011
An investment vehicle closely tied to Washington Redskins owner Dan Snyder has sued Cadwalader for $13 million over advice the firm provided on an investment bank's fee during a proxy fight at Six Flags Inc. in 2005.

The Am Law 100: Reed Smith Profits, Revenue Grow in 2010

Posted on February 09, 2011
The firm continued its approach to the $1 billion revenue mark, with 2010 gross revenue of $958 million.

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Cleary, Bryan Cave, Armstrong Teasdale on Kindred Healthcare Purchase of RehabCare

Posted on February 08, 2011
The $877 million deal creates the biggest rehabilitation services provider in the U.S., with expected annual revenues of $6 billion.

The Am Law 100: Schulte 2010 Revenue, Profits Down

Posted on February 08, 2011
The New York-based firm has reported a decline in gross revenue for the second-consecutive year, to $373 million in 2010. "[W]e're down less than 4 percent in the wake of a global financial crisis," says Schulte partner and executive committee member Alan Waldenberg...

Pillsbury Hires Five Real Estate Lawyers from Orrick

Posted on February 08, 2011
The additions, consistent with an early trend this year of lateral group hires by large firms, greatly expands Pillsbury's New York real estate practice.

The Careerist: Who Loves Ya, Baby?

Posted on February 08, 2011
Job-seeking lawyers, take note. A basic litmus test to determine whether a recruiter can help you is this: Are you the pursuer or the pursued?

Davis Polk Managing Partner John Ettinger to Step Down

Posted on February 08, 2011
Ettinger, an M&A partner who has led the firm for 12 years, will step down from his leadership position in March.

Wilmer Picks Up Howrey IP Partner

Posted on February 08, 2011
Robert Galvin, an intellectual property litigator with clients in the life sciences industry, is the latest Howrey partner to defect.

Former MLB No. 2 Rejoins Foley & Lardner

Posted on February 08, 2011
Former Major League Baseball president and COO Robert DuPuy has rejoined Foley & Lardner as a partner in the firm's New York office.

The Am Law 100: DLA U.S. Profits Rise 12 Percent

Posted on February 08, 2011
Profitability rose to record levels, with U.S. profits per partner jumping more than 12 percent in 2010.

The Am Law 100: Revenue Flat, Net Income Up for Locke Lord in 2010

Posted on February 08, 2011
Texas Lawyer reports that Locke Lord Bissell & Liddell's gross revenue was flat in 2010 compared to 2009, but the Dallas-based firm's net income rose by 8.5 percent.

Sullivan & Cromwell Hired in Dodgers Dispute

Posted on February 08, 2011
Los Angeles Dodgers owner Frank McCourt, currently fighting for control of the team in a tough divorce case, has hired Sullivan & Cromwell to represent the interests of the franchise.

Dewey Brings on Ten Lawyers From L.A. Bankruptcy Boutique

Posted on February 07, 2011
Bruce Bennett, a founding partner of Los Angeles litigation and bankruptcy boutique Hennigan Bennett & Dorman, is leaving the 45-lawyer firm for Dewey & LeBoeuf. Moving with him are four partners, two counsel, and three associates.

Simpson Thacher, Latham on AOL's Pick-Up of HuffPo

Posted on February 07, 2011
AOL Inc. will pay $315 million in a cash-and-stock deal for the growing news, analysis, and lifestyle aggregator that was co-founded by Arianna Huffington in 2005.

Wachtell, Latham Get in on Danaher's $6.8 Billion Life Sciences Buy

Posted on February 07, 2011
Medical equipment maker Danaher will boost its diagnostics business with the addition of medical test-maker Beckman Coulter, Inc.

Skadden, S&C Advise on Pfizer's Ferrosan Acquisition

Posted on February 07, 2011
The pharmaceutical giant is acquiring the consumer health care business of Denmark's Ferrosan.

The Careerist: Who's Perfect?

Posted on February 07, 2011
Are youthful indiscretions, or minor offenses from long ago, any reason to keep someone out of the legal profession?

SEC Names New General Counsel

Posted on February 07, 2011
Currently serving as the SEC's deputy general counsel for litigation and adjudication, Mark Cahn replaces David Becker, who announced last week that he will step down at the end of the month.

Trio of Firms Lead on Ensco's $7.3 Billion Pride Buy

Posted on February 07, 2011
Baker & McKenzie, Baker Botts, and Wachtell Lipton are advising on offshore drilling specialist Ensco's $7.3 billion cash and stock acquisition of Pride International in a deal that will create the world's second-largest offshore drilling contractor.

Arbitration Records Lift Curtain on Milberg's Legal Woes

Posted on February 07, 2011
An arbitration panel has handed Milberg an award stemming from convicted former partner David Bershad's participation in a kickback scheme--but Bershad has come out ahead financially.

Dealmaker of the Week: Jeffrey Lewis of Cleary Gottlieb Steen & Hamilton

Posted on February 04, 2011
The Cleary corporate partner led a 38-lawyer team advising Alpha Natural Resources on its $7.1 billion purchase of Massey Energy.

Greed Atop the Pyramids

Posted on February 04, 2011
As the economy continues to sputter and young law school graduates worry about their prospects, overall average profits per equity partner will follow their steady upward trajectory. And the growing spread between the highest and lowest within equity partnerships may reveal that the worst economic downturn of modern times has provided protective cover to greed atop the pyramids...

The Careerist: Asian American Lawyers Still Underdogs

Posted on February 04, 2011
Taking stock of the state of Asian American lawyers as Chinese New Year kicks off.

Steptoe Partner Mark Neubauer is a Cheesehead Ready for Sunday

Posted on February 04, 2011
The Wisconsin native and Green Bay Packers shareholder has something special planned when his favorite team faces off against the Pittsburgh Steelers in Super Bowl XLV this weekend. Neubauer also has some thoughts on any new NFL team coming to Los Angeles, where he practices securities, antitrust, and entertainment law.