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 2016. ALM Media Properties, LLC. All rights reserved. The Am Law Daily Panel Urges Big Reforms to Boost Law Firm Diversity Speakers at an event hosted by Mayer Brown in New York said that structural changes are needed to bring more women and minorities into positions of power. Thu, 20 Oct 2016 18:57:15 EDT 1202770408224 US Agency Paid Two Firms Over $1 Billion in Battle With Banks Kellogg Huber and Korein Tillery earned more than $1 billion in contingency fees for leadling the National Credit Union Administration's legal fight with big banks. Thu, 20 Oct 2016 13:56:58 EDT 1202770359562 Holland & Knight Takes Lead in Cayman Fund?s Bankruptcy Two Cayman Islands-based funds controlled by Platinum Partners, a hedge fund caught up in a federal fraud probe, filed for bankruptcy Tuesday in Manhattan. Wed, 19 Oct 2016 19:47:07 EDT 1202770318694 Cooley Comes Up Empty in Two Bankruptcy Cases The Am Law 100 firm is owed a collective $1.57 million in fees from Implant Sciences Corp. and Sotera Wireless Inc., two companies that recently filed for Chapter 11 protection in Delaware and San Diego, respectively. A handful of other firms are also owed money by the debtors. Wed, 19 Oct 2016 19:18:31 EDT 1202770315407 Ex-Chadbourne Partner Discusses Decision to Join Gender Bias Suit Jaroslawa Zelinsky Johnson, a former managing partner of Chadbourne & Parke?s defunct Kiev office, is the second named plaintiff to come forward in a $100 million gender bias suit against the firm. Tue, 18 Oct 2016 19:44:50 EDT 1202770213905 Baker & McKenzie Bags 10-Lawyer Swiss Team Baker & McKenzie, which has had a presence in Switzerland for more than 50 years, has hired a 10-lawyer team from local firm Froriep to bolster its presence in the country's financial services center of Zurich. Tue, 18 Oct 2016 18:48:37 EDT 1202770213906 As Rates Soar, Some Firms Profit by Coming Down to Earth A new report suggests that clients rewarded firms that took a less aggressive approach to billing rate hikes. Tue, 18 Oct 2016 17:18:51 EDT 1202770204906 Could Fourth Quarter Usher in a Spate of Big Firm Combinations? Within the past week, at least four large firm mergers were announced, suggesting that the fourth quarter could see an uptick in activity after a slow third quarter. Mon, 17 Oct 2016 17:17:27 EDT 1202770122764 New Hinshaw Practice Aimed at Advising Other Law Firm Leaders The former leader of Hinshaw & Culbertson has taken his years in management coupled with the firm's legal work on behalf of law firms to form a law firm consulting practice. Dewey & LeBoeuf's former general counsel, who joined Hinshaw last year, is part of the group. Mon, 17 Oct 2016 15:40:39 EDT 1202770106184 Littler Doubles Down on Europe With 170-Lawyer French Merger Almost exactly a year after establishing its first presence outside the Americas with a German merger, Littler has expanded its European footprint by combining with 170-lawyer French firm Fromont Briens. Mon, 17 Oct 2016 14:24:52 EDT 1202770093609 Deal Watch: All About Energy and a Sanction-Free Sale Energy company acquisitions dominated the billion-dollar transactional tables last week and a big deal announced over the weekend?one specifically structured to avoid Western sanctions?has yielded roles for a half-dozen firms from the U.K. and India. Sun, 16 Oct 2016 19:41:25 EDT 1202770052001 Canadian Lawyer, Ex-Alberta Premier Killed in Plane Crash Jim Prentice, a well-respected lawyer who worked at Canada's Fraser Milner Casgrain and once served as Alberta's premier, died at 60 on Oct. 13 with three other people in a plane crash in British Columbia. Prentice was once called "the chief operating officer" of Canada by the country's former prime minister. Sat, 15 Oct 2016 12:52:16 EDT 1202770035481 As Trump's Troubles Pile Up, Lawyers Line Up Marvin Putnam and Marshall Grossman, two lateral hires by Latham & Watkins and Orrick, respectively, are the latest lawyers to represent clients caught up in the traveling circus that has become Donald Trump's presidential campaign. Gibson Dunn's Ted Boutrous Jr. and Beverly Hills litigator Charles Harder have also entered the mix. Fri, 14 Oct 2016 19:10:10 EDT 1202770012551 Shearman Gambles on Wall Street Rarity: Nonequity Partners Shearman & Sterling's move to expand its nonequity tier will likely increase the firm's profitability, at the least in the short term. But it also carries risks. Fri, 14 Oct 2016 18:09:40 EDT 1202770008488