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Legal News

The AM Law Daily 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

Recent Entries: 2659

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Obama Drops Legal Reform From India Agenda

Posted on November 11, 2010
President Barack Obama traveled to India this week in an effort to boost U.S.-India trade and security ties. What fell off the agenda? Legal market liberalization.


Wilmer Partner Named New SEC Enforcement Division Chief Counsel

Posted on November 11, 2010
Securities lawyer Joseph Brenner succeeds Joan McKown, who left the agency in August after 24 years.


Detroit Seeks Return of $10 Million in Fees for Police Monitor's Work

Posted on November 10, 2010
A year after Sheryl Robinson Wood stepped down as a federally mandated monitor for Detroit's police department, the fight over what she billed the city while working for two law firms and a consulting firm has begun.


O'Melveny, MGA Now Fighting Over Trial Dates in Bratz Fee Dispute

Posted on November 10, 2010
In recent filings, toy maker MGA says it wants to resolve its litigation against Mattel before a trial over legal fees proceeds, while O'Melveny claims a fee dispute in no way will affect the outcome of that litigation.


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The Careerist: The Work/Life Balance "Discussion" Continues

Posted on November 10, 2010
It's difficult to challenge the work/life balance movement, especially when you support the cause.


Weil, Thompson Hine Lead on Griffin Industries Buy

Posted on November 10, 2010
The two firms are working on a deal that will see Darling International acquire privately-owned bakery feed and cooking oil recycling business Griffin Industries for $840 million in stock and cash.


Another Big Firm Merger, This Time Up North

Posted on November 10, 2010
Two of Canada's largest law firms, McMillan and Lang Michener, have agreed to form a 400-lawyer firm with offices in five Canadian cities and Hong Kong.


Howrey Terminates 32 Staffers

Posted on November 10, 2010
The Am Law 100 firm has let go of 32 support staffers from its ten U.S. offices, citing a need to adjust the size of its workforce to meet client needs and focus on core practice areas.


Harrisburg Hires Cravath Pro Bono For Bankruptcy Advice

Posted on November 10, 2010
The firm will represent Pennsylvania's capital city pro bono as the Harrisburg City Council considers its options surrounding a potential Chapter 9 municipal bankruptcy filing.


The Careerist: Not a Good Year for Women Lawyers

Posted on November 09, 2010
Let's not mince words: The latest survey from the National Association of Women Lawyers about the state of women lawyers in large firms is a real downer.


Three Firms Help Grupo Bimbo Bulk Up Its Bread Business

Posted on November 09, 2010
Grupo Bimbo, the world's largest bread maker, has turned to Cleary Gottlieb, Morgan Lewis, and White & Case for counsel on its $959 million purchase of Sara Lee's North American bakery business.


New Challenges to DOMA Filed in Connecticut and New York

Posted on November 09, 2010
The Defense of Marriage Act is facing more challenges as the result of two new federal lawsuits filed Tuesday in Connecticut and New York. GLAD, working with attorneys from Sullivan & Worcester and Jenner & Block, filed the Connecticut suit, while the New York case was brought by Paul Weiss, working with the ACLU and the NYCLU.


Flip-Flopping on Salary: Morgan Lewis Will Stick with Lockstep

Posted on November 09, 2010
Sixteen months after announcing plans to move away from lockstep compensation and implement a merit-based pay system for its associates, the firm has decided to keep things as they are.


Downward Facing Dog: Rob Kindler Strikes a New Pose

Posted on November 09, 2010
Twelve-and-a-half-years after gracing the cover of The American Lawyer in his now infamous "lotus position," Morgan Stanley's vice chairman and head of global mergers sounds off on lawyers, bankers, and yoga.


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

Posted on November 09, 2010
Ballard Spahr brings in five attorneys to open a new office in San Diego; partners join DLA Piper in Tokyo and Los Angeles; and Sheppard Mullin reels in a group of five attorneys in San Francisco. The Churn is constant. Please send all announcements and news releases to thechurn@alm...


Lehman Seeks $90 Million from Insurers for D&O Legal Fees

Posted on November 09, 2010
The bankrupt investment bank has asked the judge overseeing its Chapter 11 case to release an additional $90 million from insurance companies to cover the legal expenses of former directors and officers. Insurers already have paid out $35 million to cover legal costs for former Lehman employees.


Simpson Thacher, Debevoise Steer CD&R's Buyout of Tyco Unit

Posted on November 09, 2010
Private equity firm Clayton, Dubilier & Rice will take control of Tyco's smallest unit (by revenue) for $720 million.


Skadden, Wachtell, Covington, Jones Day on the Next Big Shale Deal

Posted on November 09, 2010
Chevron will acquire Atlas Energy, one of the lead developers of Pennsylvania's Marcellus Shale, for $3.2 billion, the companies announced on Tuesday.


Ballard Spahr Picks Up Boutique, Opens in San Diego

Posted on November 09, 2010
The Philadelphia-based firm is heading west with five new lawyers from San Diego litigation boutique La Bella & McNamara, which is folding up shop after one of its cofounders announced his return to public service.


Ropes & Gray, Steptoe Representing GSK In-house Lawyer Charged by Feds

Posted on November 09, 2010
Lauren Stevens, vice president and associate general counsel at GlaxoSmithKline in Raleigh-Durham, has been charged by federal prosecutors with obstruction of justice and making false statements during an FDA probe into the company's promotion of a prescription drug.


Chevron in Ecuador: More Tapes the Plaintiffs Don't Want You to See

Posted on November 08, 2010
A judge concludes that the need to depose the U.S. plaintiffs' lawyer in the suit against Chevron in Ecuador is 'extremely great'-- and cites newly released outtakes from the documentary Crude.


Debevoise Advises Amazon in Diaper Deal

Posted on November 08, 2010
The online giant announced plans to purchase Quidsi--operator of Diapers.com--for nearly $550 million. Quidsi turned to Fenwick & West and Dorsey & Whitney on the deal.


It's Official: Ambac Files for Bankruptcy

Posted on November 08, 2010
Ambac's 14-page Chapter 11 petition, filed in Manhattan on Monday, lists total assets of $394.5 million against liabilities of more than $1.6 billion.


TPG Has Plenty of Work to Go Around

Posted on November 08, 2010
Cleary Gottlieb, Ropes & Gray, Stikeman Elliott, and Vinson & Elkins are advising the Fort Worth-based buyout shop on two deals totaling nearly $2 billion: the acquisition of a chemical distribution business and of a property information division.


The NLJ 250 2010: Biggest Two-Year Decline in Head Count at Nation's Largest Firms

Posted on November 08, 2010
Head count at the nation's 250 largest law firms fell for the second straight year. More than 1,400 jobs were shed this past year. Still, the decline was smaller than the drop documented in the 2009 survey.


Weil Takes Lead for Eli Lilly on Avid Acquisition

Posted on November 08, 2010
The firm is advising drug giant Eli Lilly on its purchase of privately held Avid Radiopharmaceuticals in a deal worth up to $800 million.


Squire Sanders, Hammonds Partners Approve Merger

Posted on November 08, 2010
After more than two months of official talks, the two firms have agreed to merge in the latest transatlantic combination of 2010. Partners at both firms approved the combination in a vote over the weekend.


Dealmaker of the Week: John Vasily of Debevoise & Plimpton

Posted on November 05, 2010
After trying for two years to sell AIG's Asian Insurance unit, Vasily spun-off AIA from the troubled insurer in what now stands as the third-largest IPO of all time.


Judge Kaplan Lays Into Plaintiffs in Ecuador Suit Against Chevron

Posted on November 05, 2010
In an opinion released Friday, U.S. district judge Lewis Kaplan finds evidence to support Chevron's claims of a fraud orchestrated by plaintiffs in an Ecuadorian court.


The SAP/Oracle War is Getting Expensive

Posted on November 05, 2010
Is a $120 million payment reportedly agreed to by software maker SAP in exchange for a promise by its tech rival Oracle not to pursue punitive damages in a copyright infringement suit really going to cover legal fees?


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