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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

45 Under 45: The Women Have Come a Long Way, Right?

Posted on January 05, 2011
Not exactly. Our "45 Under 45" package trumpets women lawyers' accomplishments, but sadly these ladies are outliers.

Judge Tosses $500 Million Malpractice Suit Against K&L Gates

Posted on January 05, 2011
Sibling publication The Legal Intelligencer reports that a Pennsylvania state court judge has dismissed a $500 million professional negligence suit brought against K&L Gates by the trustee representing creditors of a bankrupt former client of the firm.

Borders GC Resigns, as Four Am Law 100 Firms Surround Ailing Bookseller

Posted on January 05, 2011
Longtime Borders Group general counsel Thomas Carney resigned this week as rumors swirled about the national bookseller's shaky financials. Four Am Law 100 firms--Baker & McKenzie, Jones Day, Latham & Watkins, and Sullivan & Cromwell--are advising various parties on Borders' ongoing restructuring efforts.

Cravath, Pillsbury on Atheros Sale to Qualcomm

Posted on January 05, 2011
The wireless technology company's $3.1 billion purchase--its largest ever--will enable it to move on plans to develop smartphone and tablet technology.

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The Churn.Gov: Lateral Moves From Feds to Firm

Posted on January 04, 2011
The new year brings big changes for many former elected officials. Arlen Specter, the longest serving U.S. Senator in Pennsylvania's history, is taking a teaching gig; congressman Earl Pomeroy and his chief of staff head to Alston & Bird; and Senator Kit Bond is joining Thompson Coburn...

Enter Sandman: Ex-Arnold & Porter MP to Head Legal Services Corp.

Posted on January 04, 2011
The nonprofit organization ends its year-long search for a new president by announcing that former Arnold & Porter managing partner James Sandman will take over the post.

Jenner Lures Goodwin Partner to Head NY Corporate Practice

Posted on January 04, 2011
Wesley Fredericks has joined the firm as the head of its New York corporate practice.

New Year, More Madoff: Paul Weiss Partner Can Sue, While Former Associates Fight Back

Posted on January 04, 2011
A New York State appellate court has ruled that a Paul Weiss partner can sue his ex-wife over $2.7 million in Madoff-related losses, while two former Madoff associates fight back against alleged efforts by government prosecutors to force them to cooperate.

2010: The Year That M&A Came Back

Posted on January 04, 2011
Data compiled by Thomson Reuters shows a 23 percent increase in global dollar volume from mergers and acquisitions last year.

45 Under 45: A New Generation of Women Dealmakers

Posted on January 04, 2011
The rough-and-tumble world of M&A and private equity counts few women among its most prominent and senior ranks. But a new generation of lawyers are breaking through the ranks.

Seyfarth Shaw, Troutman Sanders Involved in Brett Favre Sexual Harassment Suit

Posted on January 04, 2011
Lawyers from the two firms are representing the New York Jets and former quarterback Brett Favre, respectively, in a sexual harassment suit filed by two former team masseuses.

Hammonds Hong Kong Office Joins SNR Denton

Posted on January 04, 2011
After rejecting its firm's merger with Squire, Sanders & Dempsey, the Hong Kong office of British firm Hammonds has joined SNR Denton. Meanwhile, other firms expanding abroad include Orrick, Herrington & Sutcliffe and British firm Beachcroft.

Late Breaking Deals in 2010 Paint Rosy M&A Picture for 2011

Posted on January 03, 2011
Almost 20 deals in the $1 billion range were announced during the week that The Am Law Daily took its holiday break. We couldn't let them pass by without offering a quick guide to the legal advisors handling the high-end corporate work.

With Goldstein Bolting Akin Gump, What Becomes of SCOTUSblog?

Posted on January 03, 2011
Among the stories that broke while The Am Law Daily enjoyed the holidays: Supreme Court specialist Tom Goldstein departed Akin Gump Strauss Hauer & Feld to rejoin his previous firm. What we want to know is how does the move affect his hugely popular blog?

Boies, Schiller Partner Caryl Boies Dies at 48

Posted on January 03, 2011
The founding partner of the firm's Fort Lauderdale office--and daughter of firm founder and chairman David Boies--had battled lung cancer since 2008.

LeClairRyan Hires 16 Lawyers from Nixon Peabody

Posted on January 03, 2011
At least 16 lawyers are part of a group leaving Nixon Peabody to join Richmond-based LeClairRyan, which plans to open a Rochester office and expand its IP practice in four other cities as part of the move.

Newsmakers of the Year 2010: The Cleanup Crew

Posted on December 29, 2010
Last year was a big one for sifting through and cleaning up the wreckage wrought by the financial crisis. Whether it was the exhaustive autopsy of the Lehman Brothers collapse, the Securities and Exchange Commission accusing Goldman Sachs of duping investors, or Troubled Asset Relief Program recipients repaying the government, it seemed that order was being restored...

Happy Holidays

Posted on December 22, 2010
We're taking a break for the holidays, recharging our batteries, and looking forward to 2011. Publishing on The Am Law Daily and The Litigation Daily will resume on Monday, January 3. Season's greetings and best wishes for a Happy and Healthy New Year!

Bonuses Cast Spotlight on Merit-based vs. Lockstep Divide

Posted on December 22, 2010
This year's bonus announcements highlight the continuing battle between merit-based and lockstep associate compensation systems. Which system should associates prefer?

Lightning Rod Lanny: Davis Lands Another Controversial Client

Posted on December 22, 2010
Lanny Davis, the ubiquitous Beltway lawyer/lobbyist/spinmeister has inked a $300,000 deal to lobby on behalf of Ivory Coast's embattled president.

The Careerist: Jones Day--No Bonuses, But 36 New Partners

Posted on December 22, 2010
There were no bonuses for any associates at the firm this year. But it did just promote 36 attorneys to partner.

Rocky Mountain High: From Consultant to Law Firm CEO

Posted on December 22, 2010
A Q&A with Brownstein Hyatt Farber Schreck CEO--and former Hildebrandt consultant--Blane Prescott, as he nears the two-week mark in his new job.

Another (Unpleasant) Starr Turn for Winston

Posted on December 22, 2010
James Wiatt, the former chairman and CEO of the William Morris Agency, is suing Winston & Strawn and former firm partner Jonathan Bristol over Bristol's alleged role in convicted Ponzi schemer Kenneth Starr's crimes.

Boies Schiller Breaks the Bonus Bank

Posted on December 22, 2010
In announcing that it will award its associates extra stipends averaging more than $75,000 for those lawyers who've been with the firm more than a year to more than $200,000 for the highest-performing associates, the firm moved well ahead of the pack in this year's bonus race.

Bankruptcy Report: Two Years of Rain

Posted on December 21, 2010
For two tough years, the economy was cold, but bankruptcy work was hot. Now that the recession is officially over, who cornered the lead roles in the biggest-ticket work?

A Very Special Bar Exam: The Am Law Year in Review News Quiz

Posted on December 21, 2010
Oh what a year 2010 was. Battling dolls! Stinky burgers! A copyright fight over Hellspawn's minions. All this and more made news in the pages of The American Lawyer and here at The Am Law Daily. How closely were you paying attention?

From The Am Law Archives: Julian Assange's Other Lawyer, Geoffrey Robertson

Posted on December 21, 2010
Profiled in the pages of The American Lawyer more than 20 years ago, the Australian human rights and media lawyer has joined the legal team representing WikiLeaks founder Julian Assange.

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

Posted on December 21, 2010
Five Nixon Peabody partners are expected to join LeClairRyan; former Comptroller of the Currency John Dugan rejoins Covington & Burling; and a federal prosecutor signs on with King & Spalding in California. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Mexican Government Buys Boeing Satellites

Posted on December 21, 2010
Hogan Lovells advised the Government of Mexico on its agreement to pay The Boeing Company $1 billion for the development and production of a satellite communications system.

Latham, Kramer Levin Representing Ernst & Young in Suit Over Lehman Failure

Posted on December 21, 2010
New York State Attorney General Andrew Cuomo slapped Ernst & Young with a civil suit on Tuesday, accusing the company of perpetrating a massive fraud by misleading investors about the financial health of Lehman Brothers. Latham and Kramer Levin are representing are representing the Big Four accounting giant in the case...

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