The Am Law Daily The daily source for legal business news, analysis and intelligence from the editors and reporters at The American Lawyer. en-us Copyright 2017. ALM Media Properties, LLC. All rights reserved. The Am Law Daily From East to West, Big Law Comes Out for Pride On Sunday, June 25th, Pride Month celebrations will culminate with parades across the country, from New York to San Francisco. Lawyers and staffers from many law firms will be participating in the festivities. Fri, 23 Jun 2017 16:56:59 EDT 1202791198228 Years After Legal Troubles, Ex-Big Law Partner Re-Emerges David Schwinger appears to have revived his law career. Fri, 23 Jun 2017 16:22:02 EDT 1202791179813 Lewis Rice's Rare Subsidiary Law Firm Expands in St. Louis A Midwest experiment to provide trusts and estates legal services at a lower cost is showing signs of success. TuckerAllen, a subsidiary of St. Louis-based Louis Rice, has served 1,000 families in its 10 months of existence. This week it expanded by acquiring a small, local law practice. Fri, 23 Jun 2017 14:04:51 EDT 1202791137771 Abrams Calls Mining Magnate?s Libel Suit Against HBO a Long Shot British comedian John Oliver has a good defense in a defamation suit filed against him and HBO, the cable network that produces ?Last Week Tonight with John Oliver,? said Floyd Abrams, a First Amendment litigation veteran and senior partner at Cahill Gordon & Reindel. Fri, 23 Jun 2017 13:38:58 EDT 1202791112579 Trump and Devos Deliver One-Two Punch on Law School Loans For young lawyers hoping that public service loan forgiveness could be an answer to a lifetime of student debt burdens, President Trump has some bad news. Thu, 22 Jun 2017 22:50:01 EDT 1202791045885 Hiring Misfires Show Need for Tougher Law Firm Vetting In less than a year, Big Law has seen at least three lateral hires go seriously, even criminally, awry. Thu, 22 Jun 2017 18:52:53 EDT 1202791035483 Canadian Firm Launches Fund Targeting Tech Industry Clients Toronto-based Blake, Cassels & Graydon is launching a first-of-its-kind fund to provide subsidized legal services to support the rapidly growing Canadian startup market. Thu, 22 Jun 2017 18:43:03 EDT 1202791033866 Caesars Bankruptcy Still Paying Out to Three Big Firms A U.S. bankruptcy judge in Chicago recently approved payments to Kirkland, Jones Day and Proskauer Rose in the Chapter 11 case of casino and hotel giant Caesars Entertainment. The bankruptcy, winding down after nearly two years of proceedings, has brought more than $125 million collectively into those three firms' coffers. Thu, 22 Jun 2017 13:38:46 EDT 1202790946961 Ex-Big Law Associate Sells Experience With Legal Startup Abdi Shayesteh, a former King & Spalding associate who held several Big Law and in-house roles, has created an online platform called AltaClaro that links lawyers to top legal professionals that provide mentorship and counseling necessary to advance their legal careers. Wed, 21 Jun 2017 17:31:45 EDT 1202790845008 Kirkland Bankruptcy Partner Gives Back Amid Cancer Battle Joshua Sussberg, a business finance and restructuring partner at Kirkland & Ellis in New York, is no stranger to distress. But when he was diagnosed last year with a rare form of cancer, Sussberg had a new fight on his hands, and not one easily dispatched in bankruptcy court. Wed, 21 Jun 2017 17:22:07 EDT 1202790842790 Carbon Tax Plan Could Mean Less Work for Some Lawyers, More for Others Even though it could idle some lawyers, partners from Baker Botts, Jackson Walker and Haynes and Boone voiced tentative support this week for legislation that would tax carbon emissions while gutting environmental regulation. Wed, 21 Jun 2017 14:23:58 EDT 1202790811579 As Litigators Depart, Sedgwick Sheds Staffers After watching a large group of lawyers decamp earlier this year, San Francisco-based Sedgwick has seen a spate of partner departures within the past month. Mintz Levin has landed two partners in Los Angeles, while Crowell & Moring and Troutman Sanders have made hires in other cities. As a result, Sedgwick has shed some staffers. Tue, 20 Jun 2017 19:03:18 EDT 1202790739463 Two Big Firms Raid Ropes & Gray's Partnership Ranks Ropes & Gray saw a pair of partners leave its headquarters in Boston this week for Am Law 100 rivals. Goodwin Procter has added real estate investments and transactions group co-head Marc Lazar, while private equity partner Jason Serlenga has joined Kirkland & Ellis? new Boston office. Tue, 20 Jun 2017 18:21:02 EDT 1202790739090 Plaintiffs Firms Earn Almost $1B in Fees From 2016 Securities Class Action Settlements It was a record year for securities settlements and for the plaintiffs lawyers that represented investors in securities class actions. Tue, 20 Jun 2017 17:29:49 EDT 1202790733119 The Case for Lateral Partner Due Diligence Consultant Dan Nardello lays out how law firms can better investigate potential new partners. Tue, 20 Jun 2017 13:46:49 EDT 1202790694483 'For Growth's Sake,' Enough Already If your firm?s latest merger or lateral hire isn?t ?growth for growth's sake,? then save the unprompted defense. It?s not believable. Mon, 19 Jun 2017 16:45:50 EDT 1202790529703 Plaintiffs Firms to Score $4.5M in Fees From Wells Fargo TCPA Deal Two plaintiffs firms are set to split about $4.45 million in light of a proposed settlement of automatic phone call consumer protection claims against a unit of Wells Fargo Bank. Mon, 19 Jun 2017 14:56:29 EDT 1202790513147 Good Samaritan Scores Summer Associate Gig After Train Station Assault Andrew Miller, a law student at George Washington University, defended Baker McKenzie partner John Rowley when he was assaulted last month in Washington, D.C. That heroic act helped Miller land a summer associate job at the firm this summer. Mon, 19 Jun 2017 14:42:18 EDT 1202790507947 Gibson Dunn Builds Up Its Presence in Europe, Finding Opportunity Amid Uncertainty The firm, which has five offices in Europe, has continued to steadily build up its presence there. Mon, 19 Jun 2017 13:04:35 EDT 1202790473052 Orrick Ushers in New Parental Leave Policy Just in time for Father's Day, Orrick, Herrington & Sutcliffe is expanding the relatively generous parental leave policy the firm introduced two years ago. Sun, 18 Jun 2017 11:59:32 EDT 1202790401807 Deal Watch: Five Firms Advise on Amazon's Bid to Buy Whole Foods Wachtell, Weil, Sullivan & Cromwell, Paul Hastings and Latham & Watkins are advising various parties on e-commerce giant Inc.'s $13.4 billion offer to acquire organic upscale grocery Whole Foods Markets Inc. Sun, 18 Jun 2017 11:51:50 EDT 1202790405681