This is not the story I thought I would be telling.
This is not the story I thought I would be telling.
For all those women out there who've played by the rule book, Hillary's loss feels distinctly personal. For women lawyers, particularly, she was one of our own.
Alan Dershowitz takes issue with Louis Begley’s points about discrimination against Jews—or lack thereof.
A retired partner at Debevoise & Plimpton, Begley writes about New York's moneyed class with stinging subtlety. Here are excerpts from our meeting and a subsequent phone conversation.
A viral petition isn't the answer.
Watching events unfold at King & Wood Mallesons' European arm over the past few months has felt like watching a three-car pile up in slow motion.
A leading expert in partnership law has dismissed the possibility of partners at King & Wood Mallesons’ European arm having to repay two years’ worth of profits if they refuse the offer of a financial bailout from the firm’s Chinese partnership.
My second open letter to President-elect Trump, who once decried this institution as "a disaster for democracy" but now calls it "genius."
The U.K.’s Brexit future has become even less clear after the Supreme Court ruled that the Scottish and Welsh governments can join a historic legal battle over the country’s withdrawal from the European Union.
The legal services industry isn’t exactly known for innovation. Lawyers are inherently conservative and change averse animals, and law firms have as a result tended to be years behind other professional services businesses when it comes to areas such as technology, working practices, business development and marketing.
The U.K. government’s plans to offload more of its majority holding in Royal Bank of Scotland have been put on hold due to a massive impending fine from the U.S. Department of Justice.
Sorry Mike Pence—turnabout is fair play. You can't spend weeks demanding that Hillary Clinton bare all of her emails and then think it's A-OK to claim your communications as governor of Indiana should be shielded from disclosure. Pence and his lawyers from Barnes & Thornburg, however, don't seem to have a problem making that argument.
It used to be that law firms seeking to win work from clients simply had to have the best lawyers or the lowest rates. Not anymore.
Lawyers and the press have a special obligation to hold elected officials accountable. In that respect, President-elect Trump could pose special challenges.
Litigator extraordinaire and onetime "Good Wife" star David Boies knows his share of muckety-mucks, so it shouldn't be surprising that he's crossed paths with Donald Trump. (You'll recall that Boies argued for Al Gore in "Bush v. Gore" before the U.S. Supreme Court.)
The U.K. might have to pay the European Union as much as 60 billion euros ($65 billion) in order to leave the political bloc in a process that could take longer than five years to complete, the Financial Times reports.
A report by Ernst & Young states that London could lose 18,000 legal and accounting services jobs if the U.K. no longer has access to the single market once the country leaves the European Union. The accounting giant estimates that a loss of passporting rights for euro-denominated clearing could cost London a total of 83,000 jobs.
They're flocking to other Manhattan neighborhoods and, yes, Brooklyn in search of broader culture and diversity.
A law school that never should have existed bites the dust; the systemic problems remain.
Almost all of the large scale combinations involving U.S. law firms over the past few years have been cross-border. This one is dfferent.
With Republicans in control of the White House and Congress and poised to pick the tie-breaking ninth U.S. Supreme Court justice, the plaintiffs bar is now one of the few checks on government power.
The European Commission has predicted that U.K. economic growth will almost halve from 1.9 percent to just 1 percent in 2017 following the Brexit vote.
A shock result following a highly divisive campaign with worrying racial undertones, stock markets crashing, currency tumbling, social media in uproar . . . anyone else getting a strong sense of deja-vu? The Dawn of Trump: It's like Brexit all over again.
U.K. law firms continue to position themselves in an attempt to tap into the fast-growing financial technology market, with Addleshaw Goddard the latest to announce that it will offer free legal advice to startup companies.
As Americans head to the polls, a small army of election lawyers is waiting in the wings. The odds of a contested election like Bush v. Gore—where the outcome is so close that it turns on one state, and one state is so close that victory hangs on a recount—are slim. But if it happens, there are lawyers on both sides ready to go.
The scandal enveloping Governor Chris Christie will not go away, but that doesn’t seem to bother Donald Trump.
What is it with law firms suing former partners at the moment? Less than a fortnight after it emerged that King & Wood Mallesons filed suit against Goodwin Procter and former corporate co-head Richard Lever, British firm Addleshaw Goddard has brought arbitration proceedings against its former real estate head Mark Haywood.
The cliché is that money can't buy you love. That might be true, but in the world of Big Law, it can buy you at least a modicum of satisfaction. One reason that Big Law partners seem pretty happy, according to a new survey by Major, Lindsey & Africa on partner compensation, is that 2016 was a jolly good year for making dough.
How ironic that lawyers have a reputation as pitbulls who can't resist a tough fight. From my perch—as a former lawyer and current journalist—I'd say the opposite is often true. Although lawyers can be royal pains in advocating for their clients, there's also a side that's oddly passive-aggressive and, sometimes, just cowardly.
Hong Kong's law reform commission called for legalizing arbitration finance on Oct. 12. If the past is any guide, Singapore's law ministry, which reviewed guidelines for third-party funding this summer, will swiftly make a matching move.
The ink has barely dried on the three-way merger agreement between British firms CMS Cameron McKenna, Nabarro and Olswang, but rumors are already circulating that an American firm may be joining the party.
Can anyone be shocked that Donald Trump's campaign universe is populated by lawyers? Some are his hired guns (and we're not even talking about those he deploys for his business) and many represent his adversaries. And some are unwittingly sucked into his orbit through romantic ties.
Plush partner offices are out; cappuccino bars and on-site gyms are in.
When was the last time that a British law firm hired a genuinely market leading partner in London? That's not rhetorical: I honestly cannot remember. U.S. firms have been systematically poaching partners from U.K. rivals for decades. But their dominance of the London recruitment market now appears almost absolute.
Donald Trump has made remarkable claims about what his administration would do to former U.S. Secretary of State Hillary Clinton and other political adversaries. But who would execute his orders?
A new chance to consider corporate human rights liability has been served up to the U.S. Supreme Court in the Jesner v. Arab Bank cert petition filed Oct. 6. For the sake of international law, the justices should grab it.
A historic legal challenge designed to block the U.K.'s exit from the European Union has failed after a court rejected it as "not viable." Raymond McCord, a campaigner for victims of nationalist troubles in Northern Ireland, had initiated proceedings arguing that the country's devolved government could stop the Brexit process.
Despite decades of debate, the U.S. legal market appears no closer to settling the thorny issue of whether law firms should be permitted to have nonlawyer owners. U.S. lawyers frustrated by this lack of progress might cringe at new accounts by Gateley showing that partners in the U.K. firm earned nearly $8 million from share sales last year.
Already a regional power in public international law, Foley Hoag on Monday launched a United Nations practice group, thought to be the first of its kind at an Am Law 200 firm. Christina Hioureas, whose parents fled the Greek military junta in the 1970s, heads the new five-lawyer group.
After gold mines laced the San Salvador River with cyanide in 2009, North American miners challenged El Salvador's right to halt mining. Pac Rim v. El Salvador became a focal point of the movement against investor arbitration, and deservedly so. But do critics rejoice when bad things happen to bad companies? No.
A combination of growing pressure from clients on fees, increasing associate salary costs and declining productivity is causing profit margins to fall at the U.K.'s largest law firms, according to a new survey by big four accounting firm PricewaterhouseCoopers.
The Twitter accounts of lawyers are usually lonely, desolate places ignored by many and visited by a nerdy few, but Ted Boutrous just broke away from that pack. On Saturday, Boutrous, the co-head of Gibson, Dunn & Crutcher’s global litigation department, lit up Twitter with an offer to represent pro bono anyone sued by Donald Trump.
Is Donald Trump holding his attorneys back, or is it the other way around?
For all of the potential benefits of mergers, they are incredibly expensive to carry out. Systems and processes need to be integrated, staff moved to new premises and expensive brand consultants hired to work out what font to use in your new logo. But that isn't all. Unfortunately, there is almost always a human cost to pay.
For those who think Big Law partners are miserable, lost souls, I've got news for you: They are quite happy, thank you. Plus, they're making bundles of money. And guess what? Many wouldn't dream of scaling down their practice (and the money) for more free time. In sum, they like what they’re doing and how they're doing it.
Of all her clients, Amal Clooney has represented one nearly as famous as she is: WikiLeaks founder Julian Assange. But apparently no more.
Raphael Lemkin was a rumpled hero in the Pulitzer Prize-winning book about the law of genocide. But in Philippe Sands' "East West Street: On the Origins of 'Genocide' and 'Crimes Against Humanity,'" Lemkin is a rumpled antihero. The heroic role goes to Hersch Lauterpacht, who helped criminalize "crimes against humanity."
David Greene, one of the lead attorneys in a suit challenging the U.K. prime minister's right to start the country's withdrawal from the European Union has dismissed the government’s suggestion that the process will now be subject to a parliamentary vote as "a sop to the judges."
Maybe Donald Trump has sensitized me to the plight of men who feel they're not getting a fair shake. Or maybe I'm just skeptical of what seems to be too good to be true. In any case, I'm getting nervous about some of those wonderfully generous policies aimed at women, particularly new moms.
The British government is considering plans to continue paying billions of pounds into the European Union budget even after the country leaves the political bloc in order to maintain access to the single market.
Everyone assumed that Trump refused to release his tax returns because he paid little or no federal income tax. That could be the best-case scenario, writes columnist Steven Harper.
Mitch Jackson is a little freaked out by creepy clowns. It's not because he's encountered one of the snarling bozos scaring the bejeezus out of people around the globe. Or because he's read Stephen King's novel "It," which some say is the origin of the phenomenon. It's the fad's legal implications that intrigue this California lawyer.
Maybe I've been around the block too many times, but I can't get that worked up over the news this week that male partners make 44 percent more than their female counterparts. (That’s the finding of a recently released survey of big firm partners by Major, Lindsey & Africa.) It's a crying shame. But, really, is that news?
Quinn Emanuel continues its continental hiring spree, boosting its Paris disputes practice with two senior recruits in the space of two days. Shearman & Sterling, on the other hand, has suffered a number of departures in Europe so far this month. A top antitrust partner left the firm's partnership in Brussels this week.
It's true. As a young lawyer, Hillary Clinton once defended a man accused of brutally raping a child. But that's no reason to castigate her. If anything, she should be praised for doing her job to the best of her ability. Because that’s how our justice system works.
VTB Bank has become the first major financial institution to announce the relocation of its European headquarters from London due to the U.K.'s decision to leave the European Union. The Russian state-owned lender currently employs several hundred people in London and runs some global functions from the British capital.
If you thought the presidential election couldn't get any uglier, guess again. A suit against Donald Trump alleging that he raped a 13-year-old girl now has new life. On Monday, Florida criminal defense lawyer J. Cheney Mason filed court papers to represent "Jane Doe" in a suit against Trump and disgraced financier Jeffrey Epstein.
Crain's New York Business recently listed its 100 best places to work in the Big Apple—and, once again, Wall Street law firms are no where to be found. Only seven law firms made it. And the winners are . . .
When we last asked what's new in Yukos v. Russia, our answer was "the truth." But if U.S. courts ever probe the truth of Yukos' origins, it won't be any time soon.
Germany is considering changing its labor laws in order to help the country win business from the U.K. following June's Brexit vote, as leading banks like JPMorgan Chase and Morgan Stanley confirm reviews of their staffing arrangements in the region, although New York could become a more attractive locale for the financial services giants.
Greenberg Traurig and Boston-based Sullivan & Worcester are hoping to capitalize on regulatory changes in Israel.
King & Wood Mallesons has finally ended its six-month search for a new European managing partner by electing global corporate, M&A and securities co-head Tim Bednall to the role. The firm had been on the hunt for a new regional head since February, when William Boss stepped down just one year into a three-year term.
Far more young lawyers want to help the poor than there are firms that sponsor fellowships. Meet a few of these remarkable young people.
If there is one law firm that stands to gain by a Donald Trump victory in November, it would seem to be Greenberg Traurig, where top campaign surrogate Rudy Giuliani is a partner. But apparently that's not enough to persuade many of Giuliani's law partners to back the Republican nominee.
Female lawyers of America, take heart: You are not the only ones stuck in your careers. Your sisters in Corporate America are just as screwed.
There comes a point in every “lifetime of litigation” case when the docket sails beyond solipsism into self-parody. We may have just reached that point with the Kremlin in the Yukos case.
Why Donald Trump will never release his tax returns.
I hate to burst your balloon, but I find "best female lawyers" lists annoying. To me, these shoutouts suggest that women are unable to compete with the big boys. Its become a booming industry to dole out awards to "top" women in law and business. Recently, titles owned by my own company, ALM Media LLC, have entered the fray.
OK, President Obama wasn't in my apartment, but he was in my apartment building. Last Sunday, he dined in the apartment directly above mine. My neighbor hosted the event and graciously invited me. Sadly, the meal ticket was $25,000 per person, and, as a poor journalist, I had to decline.
Well, that's embarrassing. Two weeks ago, Paul Hastings issued a release touting its hire of “pre-eminent” finance partner Nigel Ward from Ashurst in London. The firm was rightly pleased with its capture: Ward is one of the U.K.'s leading leveraged finance experts and previously led Ashurst's banking and capital markets practice.
How to eat your way into your client's heart, even when the meal is, um, unusual.
For three years in a row, the same quartet of firms topped BTI Consulting Group's “Fearsome Foursome” list of most-feared opponents in court: Jones Day, Kirkland, Quinn Emanuel and Skadden. Until now. In BTI's latest litigation survey, Dentons pushed Quinn Emanuel two rungs to the not-nearly-so-special “honor roll” category.
A decade and a half on, all we've learned from 9/11 litigation is that America's legal system is even more hopeless than its real estate industry, which has finally finished a few grandiose structures at Ground Zero that are of some redeeming value.
Can a primate who shot selfies with a photographer's camera claim copyright protection?
Fifteen years later, Congress may let the courts adjudicate 9/11. What will they find?
Artificial intelligence is becoming big news in Big Law. The move towards increased automation of legal services continues to gain steam, with another top firm turning to AI in an attempt to lower costs and improve efficiency. London-based Travers Smith, known for its strength in corporate and private equity, has inked a deal with RAVN.
Uh-oh, it looks like your firm just wasted a ton of money recruiting those bright young women from top law schools. You know the type I'm talking about: They're polished and poised. The female pipeline at your firm is fixed. And your stats on women will look fabulous 10 years down the line. Or so it would seem.
Troubling cultural dots connect the Stanford rape case to Donald Trump's tweet about men and women in the military.
Has there ever been a less successful law firm deal than Slater & Gordon's acquisition of Quindell? The Australian personal injury specialist paid almost $1 billion for last year for Quindell's professional services division, giving it one of the U.K.'s largest insurance claims practices overnight. But the deal soon became a disaster.
The gender discrimination case against Chadbourne & Parke isn't quieting down. After 14 female partners at the firm publicly chided David Sanford for bringing the class action case on behalf of partner Kerrie Campbell without contacting them first, he has responded with an "open letter" of his own addressing their concerns.
What is going on at Ashurst? The London-based firm announced this summer arguably the worst set of financial results among the top 50 U.K. firms. Ashurst has since been hit by a steady stream of exits—including a number of senior partners and its CFO—despite efforts to stem the flow by modifying its compensation system.
Paralegals, run for your lives: The machines are taking over. Artificial intelligence has become an increasingly hot topic in Big Law over the past few years and now London-based Slaughter and May has signed a deal with Luminance, a new technology company backed by investment fund Invoke Capital.
Sanford Heisler name partner David Sanford made his name lobbing bias suits at Fortune 500 companies. Last week he invited me to chat at his New York office. We were 10 minutes into our conversation about his latest client, Chadbourne & Parke partner Kerrie Campbell, when he laced into me: “What you wrote was a disservice!”
The gender discrimination suit against Chadbourne & Park is getting hotter. It now appears that other female partners at the New York firm are ganging up on Kerrie Campbell, the woman filed a high-profile gender discrimination suit last month. I hate to say it, but it’s beginning to look like a Big Law episode of “Mean Girls.”
There has been a fair amount of noise lately around the legal cost of the U.K.'s decision to leave the European Union, after the British government revealed that it has spent roughly $360,000 on Brexit lawyers over the past two months. But it actually sounds like a pretty good deal.
They claim to be on Cloud 9, our survey shows. Really?
Clyde & Co has had surprising success in the American legal market. What is the U.K. firm's secret?
Summer is almost over so I'll save my more serious and depressing rants for another day. For now, I’ll keep things light and fluffy with my latest compilation of quirky, weird and mind-boggling news. First and foremost: the nine best U.S. cities for female lawyers.
Quick, somebody organize a telethon: equity partners at the U.K.'s largest law firms saw their average profit fall to a meager 619,000 pounds ($831,000) in 2015-16. That's barely 23 times the national average salary. Joking aside, the results of Legal Week's survey of the financial performance of the U.K.'s Top 50 are significant.
I don’t like to speak ill of the newly departed, but I was never a fan of Phyllis Schlafly, who died on Sept. 5 at 92. She was simply poisonous to the cause of gender equality. Besides spearheading the killing of the Equal Rights Amendment, she turned feminism on its head in countless ways. Actually, let's count some of the ways.
Well, this is awkward: You've just sued your law firm for discrimination, yet you're still showing up for work. What’s worse, you're still sitting next door to the partner who's made your life hell for the past five years. What an uncomfortable situation—even worse than having to work with an ex-lover on a deal or case.
If you've been in the throes of on-campus interviews, you're probably sick of the game by now. Although sessions usually last no more than 25 minutes, they often feel like slow torture. Within minutes, you can probably tell whether the firm is interested in you, or if the interviewer would rather take a prolonged bathroom break.
Everyone thought that the U.S. indicted Chinese hackers merely for show. Everyone was wrong, writes The Global Lawyer.
When large firms get it right, give them their due.
Seeking to diversify beyond the Canadian economy, the Canadian Imperial Bank of Commerce said that it will acquire Chicago-based PrivateBancorp Inc. for $3.8 billion in cash and shares.
He looks for those that embrace alternative fee arrangements.
I hate to say this, but I told you so. Remember all that fuss about how millennials are high-maintenance brats who don’t have the same work ethic as their elders? The American Lawyer devoted a whole issue to the topic in March, but I took another view.
From where I sit (New York), Donald Trump is not getting much Big Law support. I've only met one partner who's leaning toward Trump (not to worry, I won’t out you). But maybe Trump's luck will change with the appointment of Kellyanne Conway as his campaign manager. The Republican strategist is married to a top litigator.
Resist 'Trump fatigue' and consider the comments that over time reveal Trump's philosophy.
Were you truly that shocked about the allegation that CEO Roger Ailes hit up Fox News anchor Gretchen Carlson and other female employees for sex? I think that might depend on how old you are. If you're 50 or over, Ailes' behavior might not be entirely surprising.
The ABA thought getting a renewal of its accreditation power would be a cakewalk—until its barefoot journey over hot coals began.
To this day, half the Internet portrays Steven Donziger as a hero for suing Chevron in Ecuador. As the accomplished filmmaker Joe Berlinger said in a radio interview two weeks ago, “It’s a very complicated story.” Well, it’s certainly a messy story. But also simple.
You are busy, busy. You're negotiating two super-important matters and your clients are constantly clamoring for your attention. Then you get hit with a jury summons. You've already deferred. Is there another option? There is. And it's simple: Lie.
Like everyone, I dreaded jury duty. But it proved to be a powerful experience.
A columnist sees shades of Richard Nixon in Donald Trump's candidacy that go beyond Trump's "rule of law" sloganeering.
You hear this so often that you probably take it as holy gospel: Women bail out of Big Law because of the impossibility of balancing the demands of work and home. Being a big firm lawyer, as every Manhattan third-grader knows, is an unforgiving, pressured job.
U.S. citizens get relatively few mentions in the Panama Papers. The explanation might be aggressive American tax enforcement—or inadequate U.S. measures to counter money laundering.
Most projects skew left. But some lawyers and firms have bucked the trend.
Brexit may be good news for such European cities as Frankfurt and Paris. But don't write off London.
It’s hot and stinky out there, and Donald Trump could be our next president, but let’s focus on the burning issue of the day: What to wear to the office?
If you thought the NFL was slow to acknowledge links between player concussions and brain damage, keep a close eye on professional hockey.
Branding with catch-phrases is easy; reconciling their contradictory messages is impossible.
Remember the advice I passed on to you ladies about how to be assertive, yet lovable? Well, it provoked a number of responses from readers (OK, female readers). In a nutshell, some women said they’re sick and tired about getting schooled on how they should behave.
I know you’re tired of hearing about how hard it is for a woman to be in charge. But despair not: This time we’ve got some tips on how to manage and avoid the pitfalls.
Is it truth or urban legend that lawyers are often too work-crazed to tear themselves away for vacation during the heat of the summer? Despite their neurotic, overworked stereotype, most lawyers I know do take a chunk of time off for summer vacation.
As associate salaries increase, reluctant clients are complaining about the wrong problem.
It's been far too long since I've written about Mommy Wars. Thankfully our sisters across The Pond have given me an excuse to wade into one of my favorite subjects. Britain, after its big Brexit vote, is about to get a new leader. And two powerful women wanted the job.
It took a federal judge less than three months to write a 500-page trial opinion on what is commonly construed as the litigation fraud of the century. But the people of Ecuador, Chevron and teams of lawyers around the world still await word from the Second Circuit.
There's no doubt that distressed debt funds push the bounds of anticorruption. In a colorful Las Vegas footnote to the Argentine bond affair, one of them is testing the viability of Panama Papers prosecution–and delivering the head of Mossack Fonseca to Main Justice.
It’s getter tougher to defend the status quo.
I was a young correspondent in London the year the euro launched in 2002. When I clinked a newly minted EU coin on the counter of a Fleet Street newsstand, the cultural dissonance was obvious even to me. A squib in the Daily Telegraph now seems prescient.
Mikhail Khodorkovsky and his friends once paid the Russian state roughly half a billion dollars for Yukos Oil Co., which was publicly valued at $6 billion in 1997. Russia then took back those assets. The controlling shareholders have fought Russia in arbitration ever since.
Donald Trump’s actions have a troubling precedent. But there’s method to his madness.
Are senior associates and counsel being ignored or getting the short end of the salary stick?
Economic status, not necessity, is what allows women to stick it out in jobs.
Donald Trump’s collateral damage includes his chief strategist: Georgetown University Law Center graduate Paul Manafort Jr.
Business school profs tell you how to enjoy networking.