Top Stories

Everest College in City of Industry, California, one of the remaining Corinthian Colleges that closed on Monday. April 27, 2015.

A Boon to Big Firms as Corinthian Colleges Goes Bust

By Brian Baxter |

A week after shuttering its last 28 campuses in the aftermath of a crippling settlement with the U.S. Department of Education last year, Corinthian Colleges filed for bankruptcy Monday in Delaware. The for-profit company’s Chapter 11 filing marks the largest collapse of a higher education provider in U.S. history and reveals some of Corinthian’s mounting legal bills ahead of its demise.

Men Want Daughters To Be Independent (Wives, Not So Much)

By Vivia Chen |

Few men want housewives these days.

Call for Nominations

The American Lawyer is seeking nominations for its annual Global Legal Awards and Litigation Departments of the Year.

The Churn

McKenna Defections Mount Ahead of Merger, Plus More Lateral Moves

By Brian Baxter |

Covington & Burling and Pillsbury Winthrop Shaw Pittman pick up partners from McKenna Long & Aldridge as the latter prepares to merge with Dentons; Kirkland & Ellis and Mayer Brown make European antitrust hires; a Sidley Austin litigator flies solo; and other notable moves from throughout The Am Law 200.

Wilmer Bolsters Denver Office With Hogan Lovells Energy Partner

By Nell Gluckman |

Wilmer Cutler Pickering Hale and Dorr made another addition to its year-and-a-half-old Denver office with the hire of energy partner Andrew Spielman, former co-head of Hogan Lovells’ energy practice.

Michael Aiello.

Dealmaker of the Week: Michael Aiello of Weil, Gotshal & Manges

By Jennifer Henderson |

Aiello, chairman of the corporate department at Weil, advised information management company Iron Mountain Inc. in its $2.1 billion acquisition of Australia's Recall Holdings Ltd.

Djibouti

Suspended Gibson Dunn Partner Confirms His Departure

By Jennifer Henderson |

Dubai-based partner Peter Gray, who was suspended from Gibson, Dunn & Crutcher after being accused of knowingly submitting false evidence against a Djibouti businessman, has confirmed to The Am Law Daily that he has left the firm.

From Saigon to Big Law and Back Again

By Brian Baxter |

On the 40th anniversary of the fall of Saigon, The Am Law Daily catches up with several Vietnamese- American lawyers to discuss the journey from refugee to Big Law.

Deal Watch: Skadden, Kirkland Advise on $4 Billion Outsourcing Company Merger

By Jennifer Henderson |

A merger between a pair of international outsourcing and consulting companies tops the list of billion-dollar deals this week, with Paris-headquartered Capgemini agreeing to acquire iGate, based in Bridgewater, New Jersey, for $4 billion.

Firms Seek New Ways to Respond to Shrinking Bankruptcy Filings

By Jennifer Henderson |

With bankruptcy filings down 12 percent at the end of March compared with a year ago, firms with bankruptcy practices are increasingly working with clients on out-of-court restructurings as well as focusing their efforts on financially troubled industries.

Norton Rose Fulbright Names New Global Chair

By Nell Gluckman |

Corporate partner Ken Stewart assumes the one-year position of global chairman, succeeding Johannesburg-based Sbu Gule.

K2 Intelligence Pushes Into Cyber Defense

By Nell Gluckman |

The company is making a major foray into the fast growing field of cyber protection. K2 Intelligence, which often works in tandem with Am Law 100 firms, recently secured an investment from AIG to do cybersecurity work and on Tuesday announced the hire of the FBI agent who investigated the JPMorgan Chase security breach.

Boies and Dershowitz Go Mano a Mano

By Vivia Chen |

Boies strikes back at Dershowitz. And Dershowitz counters.

The Churn

Arent Fox Adds Real Estate Team, Plus More Lateral Moves

By Brian Baxter |

Another batch of lawyers departs McKenna Long & Aldridge ahead of its merger with Dentons; several Edwards Wildman Palmer legacy partners find new homes; Boies, Schiller & Flexner brings on a Justice Department veteran; and other notable additions from throughout The Am Law 200.

Orrick to Halve German Network With Two Office Closures

By Chris Johnson |

Orrick Herrington & Sutcliffe will shutter Frankfurt and Berlin bases later this year to focus practice on Düsseldorf and Munich, The American Lawyer has learned.

From left with hands folded: Dewey LeBoeuf attorneys Stephen DiCarmine; Zachary Warren; Joel Sanders; and Steven Davis are led into court.

Jury Selection Begins in Dewey Trial

By Nell Gluckman |

The much-anticipated trial of Dewey & LeBoeuf’s three former top executives is likely to last until October, and the process of selecting jurors who can devote enough time to the case will be long and arduous. Over 100 potential jurors filled out questionnaires Monday, but lawyers don’t expect to select anyone before Friday.

Aspirational Legal Weed Company Sparks Up With Drinker Biddle

By Brian Baxter |

Drinker Biddle & Reath has been retained as corporate and securities counsel to CannaPharmaRx, an early-stage pharmaceutical company focused on advancing research and discovery in the cannabinoid industry.

After In-House Gig at GE Capital, Lucrative Litigation Shop Lures Back Ex-Partner

By Jennifer Henderson |

Former Susman Godfrey partner Stephen Shackelford will return to the firm in its New York office on May 1 after serving as executive counsel for litigation at GE Capital, a company poised to be broken up by its corporate parent.

The Churn

McKenna Long Tax Chief Departs, Plus More Lateral Moves

By Brian Baxter |

The head of McKenna Long & Aldridge's national tax group leaves ahead of a merger with global legal giant Dentons; Arnold & Porter and Cozen O'Connor both make bulk hires from smaller firms; a Jones Day bankruptcy baron returns; and other notable moves from throughout The Am Law 200.

David Rosewater of Schulte Roth:

Top Activist Lawyer Lands on a New Team

By Brian Baxter |

Morgan Stanley has hired Schulte Roth & Zabel's David Rosewater, co-head of the firm's global shareholder activism practice, to lead its activist defense group. But Rosewater, who previously worked at Cravath, Swaine & Moore, won't be fighting Marty Lipton's war.

Dealmaker of the Week: Steven Browne of Morgan, Lewis & Bockius

By Jennifer Henderson |

Steven Browne of Morgan, Lewis & Bockius is named Dealmaker of the Week for his role advising Raytheon Co. in its $1.9 billion acquisition of cybersecurity company Websense. Browne was managing partner at Bingham McCutchen until the firm was absorbed into Morgan Lewis earlier this year.

Thinking Beyond the Am Law 100 Rankings

By Steven J. Harper |

The annual Am Law 100 rankings are only a slice of Big Law's story.

Boies Takes on Dershowitz in Sex Case

By Vivia Chen |

Another twist in the case involving allegations of underage sex and the Harvard professor.

Family Ties: S&C Partner Helps Private Equity Exec Buy NBA Team

By Brian Baxter |

Sullivan & Cromwell's Alison Ressler is advising her brother-in-law Antony Ressler, founder of buyout giant Ares Management, on his $850 million acquisition of the National Basketball Association's Atlanta Hawks. Ressler's familial relations also came up this week in leaked Sony emails.

Deal Watch: Big Firm Pharma Deal Flow Continues With Teva’s Mylan Bid

By Jennifer Henderson |

Big Pharma leads the list of billion-dollar deals this week with a $40 billion, unsolicited bid made by Israel’s Teva Pharmaceutical Industries Ltd. for fellow generic-drug maker Mylan N.V.

Kevyn Orr to Return to Jones Day

By Nell Gluckman |

The former emergency manager for Detroit will be back at Jones Day by early May, his former spokesman says. Before taking the Motor City post and shepherding the historic bankruptcy proceeding, Orr was a partner at Jones Day for more than a decade.

Paul Weiss, Slaughter and May Counsel Deutsche Bank on $2.5 Billion Settlement

By Nell Gluckman |

A Deutsche Bank subsidiary in London settled with U.S. and U.K. authorities for more than $2.5 billion over manipulation of the London Interbank Offered Rate (LIBOR) as well as wire fraud and antitrust charges. Paul Weiss partners Theodore Wells, Andrew Finch and Roberto Finzi represented the bank, along with Slaughter and May partners Deborah Finkler and Ewan Brown.

JPMorgan Chase Accuses Ex-Dewey Partner of Lying About Assets

By Nell Gluckman |

The bank has filed a complaint against former Dewey & LeBoeuf partner John Altorelli, claiming he misrepresented his assets when he sought to delay repayment of a $500,000 loan he'd taken out in 2012.

Should Cadwalader Be on Yale Law Women's Top 10 List?

By Vivia Chen |

Despite low female partner rates, the firm gets Yale Law Women's top honors.

Adams and Reese Names New Managing Partner

By Jennifer Henderson |

Adams and Reese tapped Guilford Thornton Jr., a partner specializing in governmental and legislative relations, to lead the firm from its Nashville office.

The Churn

Half-Dozen K&L Gates Partners Decamp, Plus More Lateral Moves

By Brian Baxter |

K&L Gates sees six partners leave for four firms; some of Fried Frank’s Asia lawyers find new homes; Jackson Lewis opens two new offices; Mayer Brown adds a practice leader; and other notable moves from throughout The Am Law 200.

Perkins Coie Managing Partner Juggles Past With Future

By Julie Triedman |

Few Am Law 100 firm leaders have had starring roles in high-impact political litigation while managing their firms. John Devaney, who became Perkins Coie's new managing partner on Jan. 1, falls into that category.

Jackson Lewis Launches New Firm in Hawaii

By Jennifer Henderson |

Jackson Lewis has decided to lei down the law by unveiling a new firm in Honolulu.

Coming Monday: The 2015 Am Law 100

The American Lawyer releases its 2015 Am Law 100 package on Monday, April 27 at 7 a.m.

Boies Schiller Bolsters Corporate Group With O'Melveny Hire

By Brian Baxter |

Boies, Schiller & Flexner is rebuilding its small corporate group by hiring O'Melveny & Myers corporate and project finance partner Dev Sen, who joined his now former firm nearly three years ago, prior to the historic collapse of Dewey & LeBoeuf.

Networking Doesn't Help Women

By Vivia Chen |

Business school study puts a damper on female bonding.

McDermott Loses International Arbitration Head to Mayer Brown

By Nell Gluckman |

B. Ted Howes is the latest addition to Mayer Brown’s international arbitration group, the firm announced Monday. Howes joins the firm in New York from McDermott Will & Emery, where he worked for nearly two decades.

Map of Saudi Arabia.

DLA Piper Opens Second Saudi Arabia Office

By Jennifer Henderson |

The firm has put down stakes in Jeddah, creating its second outpost in Saudi Arabia, where it already has an office in Riyadh. DLA Piper plans to further expand by opening a third outpost in the Eastern Province by year’s end.

Sony's Hacked Emails a Treasure Trove for Attorney-Client Relations

By Brian Baxter and Nell Gluckman |

Internal emails hacked from Sony Pictures Entertainment late last year have been released in a searchable database form by WikiLeaks. The document dump reveals frank discussions between the company's in-house lawyers and outside counsel on everything from legal fees and conflict waivers to pitches for business.

The Churn

New Hires Beget New Horizons, Plus More Lateral Moves

By Brian Baxter |

Goodwin Procter launches a London private equity practice; Dentons arrives in Budapest; Fox Rothschild opens in Chicago; Polsinelli puts down stakes in Nashville; and other notable moves from throughout The Am Law 200.

Dealmaker of the Week: Warren Gorrell of Hogan Lovells

By Jennifer Henderson |

Gorrell advised General Electric Co. in the $26.5 billion sale of GE Capital's real estate portfolio to funds managed by Blackstone LP, along with Wells Fargo & Co. and additional buyers.

Dentons Strikes Again

By Steven J. Harper |

As Dentons merges with yet another firm, its leaders are out to shatter "myths" about law firm growth. But what if they're not myths?

Cleary Gottlieb, Allen & Overy Get Google’s Antitrust Call

By Nell Gluckman |

The two firms are divvying up the task of advising Google on antitrust claims leveled at the technology giant this week by the European Union.

Deal Watch: Am Law Firms Get Electric With $26.5 Billion GE Capital Deal

By Jennifer Henderson |

As hundreds of Am Law 100 lawyers work on the dissolution of General Electric's financial unit, three more big firms grab roles on Nokia's $16.6 billion acquisition of Alcatel-Lucent.

From Big Law to Beaver Creek, One Partner's Journey From Sheppard Mullin to Ski Scholar

By Jennifer Henderson |

Prentice O'Leary, a longtime bankruptcy lawyer at Sheppard, Mullin, Richter & Hampton, is spending his retirement as a part-time ski instructor at a major ski resort in Colorado.

Djibouti businessman Abdourahman Boreh

Court Denies Gibson Dunn Partner's Initial Appeal in Djibouti Case

By Jennifer Henderson |

Peter Gray sought permission to appeal a British high court's finding last month that the Dubai-based partner deliberately misled the court in presenting inaccurately dated evidence that implicated Djibouti businessman Abdourahman Boreh in a 2009 grenade attack. Justice Julian Flaux on Tuesday rejected Gray's request, which will now go to the Court of Appeal.

Dentons Makes a Grand Budapest Bolt-On

By Brian Baxter |

Having recently announced mergers in the U.S. and China, the ever-expanding global legal giant is now adding a 30-strong team from White & Case in the Hungarian capital. The move is essentially another merger, as Dentons will absorb the entire local affiliate of White & Case, a firm that opened in Budapest in 1990.

Polsinelli Expands Health Care Practice Into Nashville

By Nell Gluckman |

The firm is extending its reach by creating a new office in Nashville that will focus on the health care industry, a staple for the fast-growing Polsinelli. Manning the outpost will be former Frost Brown Todd attorneys Bobby Guy and Robert Dempsey.

Ralph Baxter, Chairman and Chief Executive officer of Orrick, Herrington & Sutcliffe LLP.

Former Orrick Chair Sticks to His Roots

By Julie Triedman |

Ralph Baxter became almost synonymous with his firm during his 22 years at the helm of Orrick, Herrington & Sutcliffe. On Monday, he announced his first official plans for his post-firm life: taking on board roles at two data analytics-oriented legal services innovators and chairing a new industry think tank.

The Churn

Wine Lovers Relocate, Plus More Lateral Moves

By Brian Baxter |

Duane Morris and McKool Smith saw a pair of oenophiles pull up stakes for new endeavors; Kirkland & Ellis adds one litigator and loses two more; Paul Hastings bolsters its banking group in London; and other notable moves from throughout The Am Law 200.

Survey Sees Slight Dip in Confidence Among Firm Leaders

By MP McQueen |

Law firm managing partners' confidence in the first quarter dropped to the levels of last year's third quarter thanks to lower expectations for economic and legal industry growth, according to Citi Private Bank Law Group.

Under ABS Structure, Cahill Makes London Litigation Debut

By Brian Baxter |

Cahill Gordon & Reindel officially launched an English law litigation practice in London after hiring Shearman & Sterling partner Richard Kelly. The announcement comes with a twist: U.K. regulators approved Cahill's application to become the first major U.S. firm in London to be licensed under an alternative business structure.

Insurer Aims at New Target in Dewey Bond Offering Suit

By Nell Gluckman |

After a federal court judge in Iowa granted a stay in Aviva Life and Annuity Co.'s case against three former Dewey & LeBoeuf leaders, the insurance company has filed a separate suit against two others: COO Dennis D'Alessandro and executive committee member Richard Shutran.

Harvard Law School Now Wants Older Applicants

By Vivia Chen |

Want to get in? Don't apply straight from college.

Georgetown Pairs Up With DLA Piper, Arent Fox to Open Low Bono Firm

By Susan Beck |

Georgetown University Law Center is working with DLA Piper and Arent Fox to create a small nonprofit law firm in Washington, D.C., aimed at providing legal services at affordable rates to people with modest incomes who don't qualify for free legal aid because they're not poor enough.

The Churn

Wilson Sonsini Partner Sets Sail for New Horizons, Plus More Lateral Moves

By Brian Baxter |

J. Christopher Groobey spent 25 years in Big Law before heading for the high seas; Fried Frank makes more litigation hires; Latham & Watkins lures three from Sidley Austin; and other notable moves from throughout The Am Law 200.

Big Law Partner and Ex-Basketball Star Dies at 52

By Brian Baxter |

Marc Marotta, a corporate and public affairs partner at Foley & Lardner in Milwaukee and one of Wisconsin’s most respected attorneys, died Wednesday of a brain aneurysm. A former high school and college basketball star, Marotta was drafted by the National Basketball Association’s New York Knicks in 1984, but chose Harvard Law School instead. Nonetheless, he remained close to the game he loved.

Akerman Advises on Airbnb's Foray into Cuba

By Nell Gluckman |

The short-term rental service made headlines when it announced its expansion into Cuba, making it one of the first companies to take advantage of the loosening of regulations that had for decades prohibited Americans from doing business in the island nation. Behind the scenes, Akerman partner Augusto Maxwell, who heads the firm's Cuba practice, worked to make the move happen for Airbnb.

Dealmaker of the Week: Roland Turnill of Slaughter and May

By Jennifer Henderson |

Turnill, a corporate and commercial partner in Slaughter and May's London office, advised Royal Dutch Shell in its $70 billion acquisition of BG Group.

Deal Watch: Magic Circle, Am Law Firms Advise on $70 Billion Royal Dutch Shell Deal

By Jennifer Henderson |

Oil and gas tops off this week's list of billion-dollar deals, with Royal Dutch Shell plc's $70 billion acquisition of BG Group plc. Magic Circle and Am Law firms landed roles on the mega deal, with Slaughter and May, Cravath, Swaine & Moore and De Brauw Blackstone Westbroek advising Shell, and Freshfields Bruckhaus Deringer working on behalf of BG Group.

Fried Frank Continues Rebuilding Litigation Ranks

By Brian Baxter |

Fresh off adding a new litigation chief from the lateral market, Fried, Frank, Harris, Shriver & Jacobson snagged Shearman & Sterling's IP litigation chair Scott Doyle and partner Jonathan DeFosse in Washington, D.C., where Doyle served as his former firm's local co-managing partner. Both lawyers have recently picked up notable victories for corporate clients.

Alston & Bird Partner Hits Links as Masters Caddy

By Jennifer Henderson |

Richard Grice, an Atlanta-based partner in Alston & Bird’s finance group, traded paperwork for working on par this week after landing the side-job of a lifetime—caddying at the 2015 Masters Tournament in Augusta, Georgia. As for Grice's golfer and interim boss, that would be Gunn Yang, a 21-year-old South Korean and 2014 U.S. Amateur Champion.

Boies Schiller Backs First Openly Gay Boy Scout Leader

By Nell Gluckman |

Boies, Schiller & Flexner is putting its legal muscle behind 18-year-old Pascal Tessier, the first openly gay Boy Scout leader. The New York chapter of the group hired Tessier, flouting the Boy Scouts of America's policy against openly gay adult members.

Dershowitz Says He's 'Vindicated' in Sex Abuse Case

By Vivia Chen |

A federal judge hands Dershowitz a favorable ruling. Now what?

INTERACTIVE CHART: Africa's 50 Largest Law Firms

Africa is one of the world's final frontiers for large law firms, but despite a burgeoning market for legal services, some local leaders still reign supreme.

Dentons, McKenna Long Reach Merger Deal

By Brian Baxter |

A little more than a month after rekindling merger talks, Dentons and McKenna Long & Aldridge have agreed to a combination.

Paul Weiss Once Again Handles Ex-Partner’s High-Speed IPO

By Brian Baxter |

Virtu Financial, a high-frequency trader led by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu that called off an initial public offering last year, restarted its plans for a public listing that it expects will raise $313.5 million next week. An SEC filing shows how much Paul Weiss and Davis Polk & Wardwell stand to benefit from the future float.

Undeterred by Felony Charges, Ex-Troutman Sanders Partner Starts Own Practice

By Nell Gluckman |

Mark Shurtleff, who served three terms as Utah’s attorney general before a six-month stint at Troutman Sanders in 2013, faces nine felony charges, including bribery, tampering with evidence and obstruction of justice. But that hasn’t stopped him from launching his own firm, which he unveiled last week in a YouTube video.

The Churn

Two Top Prosecutors Find New Homes, Plus More Lateral Moves

By Brian Baxter |

Wilmer Cutler Pickering Hale and Dorr and Morrison & Foerster tap the U.S. Department of Justice for two notable hires; Kramer Levin adds a life sciences practice head; Nixon Peabody nabs a Jones Day band leader and other moves from throughout The Am Law 200.

Mommy Time Is Overrated

By Vivia Chen |

Think the amount of time you spend with your kids will determine how they turn out? Ha!

Three Am Law 100 Firms Tap Transactional Trio for M&A Expertise

By Brian Baxter |

With deal volume up during the first quarter, O'Melveny & Myers, Shearman & Sterling and Covington & Burling made notable additions Monday to bolster their M&A ranks in New York.

Ontario Regulators: Ex-Davies Ward Partner Tipped Frat Brother on Deals

By Nell Gluckman |

The Ontario Securities Commission has found that a former Davies Ward partner tipped off a friend, starting in 2004, about three separate deals that the lawyer had knowledge of. The tips prompted the friend—an investment adviser—to buy shares in the companies in question.

Skadden Runs Up Against Davis Polk, S&C for Lead in M&A Rankings

By Jennifer Henderson |

After dominating the top spot in three separate M&A rankings of legal advisers by deal value last year, Skadden, Arps, Slate, Meagher & Flom was bumped by Davis Polk & Wardwell and Sullivan & Cromwell in two of the rankings for the first quarter.

Law Firm Mergers Set New Record in First Quarter

By MP McQueen |

Mergers among U.S. law firms continued at their rapid clip in the first quarter, with 29 announced combinations, according to legal management consultancy Altman Weil Inc.

Djibouti

Judge Fines Gibson Dunn Following Partner's Misconduct

By Jennifer Henderson |

Gibson Dunn & Crutcher, along with the Republic of Djibouti, has been ordered by a British high court judge to pay Abdourahman Boreh the equivalent of $1.3 million in fees after the firm's Dubai partner, Peter Gray, was found to have knowingly provided false information regarding the Djibouti businessman's alleged involvement in a 2009 grenade attack.

Dealmakers of the Week: Keith Pagnani and Melissa Sawyer of Sullivan & Cromwell

By Jennifer Henderson |

M&A partners Pagnani and Sawyer took the lead for UnitedHealth Group in its purchase of Schaumburg, Illinois-based pharmacy benefits manager Catamaran Corp. for $12.8 billion.

The Churn

Oil Refiners' Lobby Taps Crowell & Moring, Plus More Lateral Moves

By Brian Baxter |

Crowell & Moring's environmental and natural resources chair decamps for a key client; Fried Frank hires a new litigation chief; McGuireWoods adds a former top Milbank litigator in Los Angeles; and other notable additions from throughout The Am Law 200.

Misreading the Legal Sector's Outlook

By Steven J. Harper |

An April 1 column by Professor Steven Davidoff Solomon in The New York Times gets it wrong by painting an optimistic picture of the legal sector despite dim forecasts.

Law School Diversity Improves at Schools With Worst Job Outcomes

By Matt Leichter |

An advocate for the legal profession's diversity ignores the dismal performance of law schools where minority enrollment is increasing.

Legal Sector Jobs Backslide in March

By Nell Gluckman |

After showing gains in February, the legal sector lost 1,200 jobs in March, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics.

Big Firms Hit Home Run Ahead of Opening Day

By Brian Baxter |

As Major League Baseball prepares to begin its 2015 season—the first under new commissioner and former Morgan, Lewis & Bockius partner Robert Manfred Jr.—the union representing the league's players has filed its annual report detailing expenses to 14 outside legal advisers, including three Am Law 200 firms.

Weil Gotshal Associates Get Feisty

By Vivia Chen |

The firm plays a prank but the associates are not laughing.

West Virginia's Steptoe & Johnson Lays Off Energy Lawyers

By Nell Gluckman |

The energy firm, not to be confused with the international firm of the same name, laid off 32 people, including 14 lawyers. Steptoe & Johnson blamed plummeting oil prices that have impacted numerous law firms to varying degrees.

Deal Watch: Four Am Law Firms Advise on UnitedHealth’s $12.8 Billion Catamaran Buy

By Jennifer Henderson |

This week’s roundup of deals worth $1 billion or more features UnitedHealth Group Inc.’s $12.8 billion acquisition of Schaumburg, Illinois-based pharmacy benefits manager Catamaran Corp. Sullivan & Cromwell, Blake, Cassels & Graydon and Squire Patton Boggs advised UnitedHealth in the transaction, while Sidley Austin and Baker & McKenzie worked on behalf of Catamaran.

Medbox Annual Report Shows Manatt's Bet on Big Weed

By Brian Baxter |

Medical marijuana dispensary Medbox, which was once valued at $2 billion before it was beset by a variety of legal entanglements, filed its annual report last week. The 10-K reveals that the company issued shares worth almost $280,000 to two of its outside legal advisers, including Manatt, Phelps & Phillips.

Fried Frank Hires DLA Piper’s $5 Million Man

By Brian Baxter |

Fresh off a rebound financial year in 2014, Fried, Frank, Harris, Shriver & Jacobson has hired a new litigation chair in James "Jamie" Wareham from DLA Piper, a global legal giant that made its soon-to-be-former partner a $5 million man after hiring him four years ago from Paul Hastings.

Greg Evans

McGuireWoods to Merge with L.A. Boutique

By Jennifer Henderson |

McGuireWoods is set to merge with Integer Law Corp., a Los Angeles boutique firm founded in 2010 by former Milbank, Tweed, Hadley & McCloy litigation partner Gregory Evans.

The Churn

Sheppard Mullin Snags Babs' Second Cousin, Plus More Lateral Moves

By Brian Baxter |

Adam Streisand, head of Loeb & Loeb's trusts and estates litigation group, is headed to Sheppard, Mullin, Richter & Hampton; Hogan Lovells heads to Australia and hires a DLA Piper practice leader; Baker Botts bulks up in the Middle East; and more notable hires from throughout The Am Law 200.

Report: Law Firms to Keep Chipping Away at Real Estate Costs

By Jennifer Henderson |

As law firms continue to build themselves back up in the aftermath of the recession, they will look for increased efficiencies through lower real estate spend, according to the latest report by Colliers International's Law Firm Services Group.

Irell Partner Reflects on Sale of Klimt’s Gold Painting

By Nell Gluckman |

Irell & Manella partner Steven Thomas negotiated the sale of Gustav Klimt’s famous gold painting "Adele Bloch-Bauer I," which drew headlines for fetching the highest price for any artwork in 2006. The painting, along with four others, was stolen by the Nazis and recovered by the Bloch-Bauer heirs after an eight-year legal battle with the Austrian government, and is now the subject of "Woman in Gold," a film starring Helen Mirren that will be released Wednesday.

Cadwalader Special Counsel Helps Author FBI Report

By Nell Gluckman |

Joseph Moreno, special counsel at Cadwalader, Wickersham & Taft in Washington, D.C., spent the better part of 2014 working on an external review of the FBI. The white-collar and criminal investigations lawyer was a staffer for the 9/11 Review Commission, which was directed by Congress to evaluate the changes made at the FBI since Sept. 11, 2001.

Norton Rose Fulbright Reclaims Top Spot in Canadian Brand Survey

By Jennifer Henderson |

Norton Rose Fulbright has landed the lead position on Acritas' Canadian Law Firm Brand Index, bumping Blake, Cassels & Graydon, which slipped to second place.

News and Gossip

By Vivia Chen |

Orrick's sad, funny ad; the anti-sodomite lawyer.

The Relevance of Howard University School of Law

By Vivia Chen |

One-fifth of its law school grads go into Big Law, despite its No. 110 rank.

The Churn

Kirkland Taps New Tax Partner, Plus More Lateral Moves

By Brian Baxter |

Kirkland & Ellis loses two and hires one from Skadden; Wilmer expands in Denver; Winston & Strawn hires two more from Pillsbury and other notable moves from throughout The Am Law 200.

Big Law, Big Med, Big Mess

By Steven J. Harper |

Too many big law firms share an unfortunate attribute with big hospitals: a lost sense of mission.

Dealmaker of the Week: Scott Barshay of Cravath, Swaine & Moore

By Jennifer Henderson |

Barshay, a corporate partner at Cravath, led a team from the firm advising H.J. Heinz on its proposed megamerger with Kraft Foods Group.

Fred Leech (left) and his brother Tony Leech watch their children play Little League baseball in 2002.

Late Brother's Boutique Beckons Longtime Reed Smith Partner

By Brian Baxter |

Frederick Leech, a longtime Reed Smith partner in Pittsburgh and former head of the firm's investment management practice, recently left to become chair of the corporate group at Leech Tishman Fuscaldo & Lampl, a Steel City-based boutique founded in 1994 by his younger brother Tony Leech, who drowned 10 years later trying to save his two sons from a riptide in Costa Rica.

Deal Watch: Am Law 100 Foursome Feast on Heinz, Kraft Megamerger

By Jennifer Henderson |

Cravath, Swaine & Moore; Kirkland & Ellis; Munger, Tolles & Olson; and Sullivan & Cromwell have landed lead roles on the Warren Buffett-backed $40 billion union of H.J. Heinz and Kraft Foods.

Affirmative Action for White Conservatives?

By Vivia chen |

Legal academia is chock full of women and minorities.