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 Citi Private Bank: Firms Can Expect More of the Same in 2016 Profit growth in 2015 averaged roughly 4.5 percent, according to an analysis by Citi Private Bank?s Law Firm Group, and firms are likely to see similar results in 2016. Will partners view their bank accounts as half full or half empty? Fri, 12 Feb 2016 18:22:51 EST 1202749674165 Weil Helps AIG Make Peace With Icahn, Paulson The firm helped longtime client American International Group Inc. reach an agreement with activist investors Carl Icahn and John Paulson, who have been pushing for a three-way split of the storied insurance giant. Fri, 12 Feb 2016 17:25:13 EST 1202749659713 The Dirty Little Secret of Law Firm Billing As the media reports soaring hourly billing rates, they?re missing the real story. Fri, 12 Feb 2016 16:24:21 EST 1202749651055 Firms Get Mostly High Marks as Social Mobility Project Enters Fifth Year A groundbreaking initiative by a group of leading U.K., U.S. and international law firms is teaching disadvantaged students about the profession but failing to follow through, according to a new report. Fri, 12 Feb 2016 11:58:59 EST 1202749601960 Deal Watch: Mylan Moves on to Meda With Cravath in Tow A new year brings another new deal for the pharmaceutical giant and its outside lawyers from three firms. Thu, 11 Feb 2016 18:20:43 EST 1202749550422 Holland & Knight Grows Again With New Charlotte Office A month after it lured away a group from Dickstein Shapiro in Connecticut, Holland & Knight is opening in North Carolina?s commercial hub with three banking and finance partners from Bryan Cave and Winstead. Thu, 11 Feb 2016 18:01:39 EST 1202749546893 Partner Threat Nets Guilty Plea From Ex-Bryan Cave Associate Ryan Walsh, a former litigation associate at Bryan Cave, pleaded guilty this week to threatening to kill a partner at the firm in 2013. Thu, 11 Feb 2016 16:45:33 EST 1202749529593 Skadden to Close Sydney Office Amid Australia Jitters U.S.-based firms may be in for some turbulence, but many say that there?s still good money to be made Down Under. Thu, 11 Feb 2016 16:42:56 EST 1202749529592 After Near-Tragedy, Firm Takes Cardiac Safety to Heart A barely averted disaster for the wife of a Fisher & Phillips partner led to big changes in how the 330-lawyer labor firm prepares for office health emergencies. Wed, 10 Feb 2016 21:14:18 EST 1202749456165 Sanctioned Big Law Associate Sues NY Post, Daily News for Defamation Former Latham, Quinn Emanuel and Mintz Levin lawyer Anthony Zappin made headlines for his pro se antics in a New York divorce case. Now he wants the tabloids to pay. Wed, 10 Feb 2016 18:19:01 EST 1202749436969 Customers Reap Benefits From Hughes Hubbard's MF Global Role Hughes Hubbard & Reed received $87 million for its work handling the liquidation of MF Global?s broker-deal unit, and customers and creditors of the defunct commodities trader also fared well after four years of bankruptcy proceedings finally came to an end this week. Wed, 10 Feb 2016 18:14:59 EST 1202749433193 'Making a Murderer' Creator Had Past Life at Quinn Emanuel One of the producers of the popular Netflix series worked as a contract attorney at Quinn Emanuel Urquhart & Sullivan while making the documentary. Wed, 10 Feb 2016 16:22:05 EST 1202749419214 The Am Law 100, the Early Numbers: Polsinelli Posts Across-the-Board Gains The growing firm saw healthy increases last year in profits and revenue. Wed, 10 Feb 2016 14:36:50 EST 1202749396056 Bingham Refugees Find New Homes, Plus More Lateral Moves A year after Morgan Lewis absorbed Bingham McCutchen, several lawyers from the latter find new homes; Fried Frank welcomes back an ex-partner; Jenner & Block brings on an M&A leader; and other additions from throughout The Am Law 200. Tue, 09 Feb 2016 22:15:28 EST 1202749315656 Dickstein Shapiro, Greenspoon Marder See Head Counts Dip and Drive The firms led the way in negative and positive head count growth for the Am Law 200 over the past 14 months. Tue, 09 Feb 2016 18:16:34 EST 1202749291492 By the Numbers: What's a Partnership Anyway? Fifteen years of data shows that the partnership model for The Am Law 200 isn't what it used to be. Tue, 09 Feb 2016 17:27:47 EST 1202749284135 Litigation Finance Arms Race Continues with New Hires at Burford, Bentham Two leading litigation funders announced that they are hiring Big Law veterans and expanding their operations in North America. Tue, 09 Feb 2016 15:50:05 EST 1202749265749 The Am Law 100, the Early Numbers: Revenue, Profits Down at Bryan Cave Three years after one merger and with another combination scuttled at the end of the year, the firm's gross revenue slipped again in 2015. Tue, 09 Feb 2016 15:02:23 EST 1202749252026 Divided ABA Adopts Resolution on Nonlawyer Legal Services Following a contentious debate, the American Bar Association's House of Delegates voted Monday to adopt a resolution that gives states a framework to consider the regulation of "nontraditional legal service providers." Mon, 08 Feb 2016 21:55:22 EST 1202749202171 Am Law 100, the Early Numbers: Gross Revenue Jumps at Akin Gump Akin Gump saw gross revenue rise 7.1 percent in a year that the firm worked to integrate a large new group of laterals in Europe and Hong Kong. Mon, 08 Feb 2016 18:43:04 EST 1202749182288 Already a Litigator, Super Bowl?s Top Ref Now a Hottie Too Cletus "Clete" Blakeman, a partner at Omaha?s Carlson & Burnett, went viral on social media Sunday night thanks to his role as the Super Bowl 50's lead referee. Mon, 08 Feb 2016 17:47:06 EST 1202749167609 Under Client Pressure, Law Firms Focus on Cost-Cutting More law firms are adopting management techniques that their clients embraced long ago. But change has been slowed by partners' resistance, according to a new report. Mon, 08 Feb 2016 15:32:14 EST 1202749147696 Time to Rethink Partner Capital Contributions? Amid a boom in lateral hiring, consultants are seeing changes in how firms collect capital contributions from new partners?and how they return capital to those who leave. Mon, 08 Feb 2016 13:16:37 EST 1202749129805 Greenberg Traurig Keeps Growing, Plus More Lateral Moves Greenberg Traurig shuffles its litigation ranks amid plans for global growth; another Kenyon & Kenyon partner departs; Bass Berry and Lewis Brisbois absorb small firms; Holland & Knight hires an ex-governor; and other additions from throughout The Am Law 200. Sun, 07 Feb 2016 23:08:57 EST 1202749090419