Nola Heller, chief of the violent and organized crime unit at the U.S. attorney's office for the Southern District of New York, is leaving in June to become a partner at Cahill Gordon & Reindel.
Nola Heller, chief of the violent and organized crime unit at the U.S. attorney's office for the Southern District of New York, is leaving in June to become a partner at Cahill Gordon & Reindel.
U.S. District Judge Amy Berman Jackson in Washington, D.C., dismissed the suit, brought by former Cleary Gottlieb project attorney Lyle Silva.
Six real estate lawyers have jumped to Duane Morris' rapidly growing Miami office following a down year at Carlton Fields, where real estate was one of the financial bright spots.
A few weeks ago I wrote that I doubted cloud-based operations are competing against Big Law for major rainmakers and clients. One virtual firm took issue with my views.
Matthew Parrott, head of the New York real estate and distressed debt litigation group at Katten Muchin Rosenman, has joined Fried, Frank, Harris, Shriver & Jacobson as a partner in Manhattan. Fried Frank, riding high from a successful financial year in 2016, has been busy on the lateral recruitment front in 2017.
No cause of death has been determined for Beranton Whisenant Jr., a major crimes prosecutor with the U.S. attorney's office in Miami. The body of Whisenant, who left Foley & Mansfield for public service in January, was found this week on a beach in Hollywood, Florida.
It looks like Marc Kasowitz will go down in history as President Donald Trump's lawyer. But while America is just getting to know him, the same can't be said for his fellow elite litigators, especially in New York.
McCarthy Tétrault has opened an office in New York after recruiting corporate partner Mark Adkins from Canadian rival Blake, Cassels & Graydon. Adkins will serve as his new firm's New York managing partner.
ALM Intelligence senior analyst Nicholas Bruch breaks down the Am Law 200 results.
Top in-house lawyers at a Silicon Valley event focused on women and compensation in the legal industry shared this advice on how to get paid more.
Dentons is set to launch in Peru through a proposed combination with 20-lawyer local firm Gallo Barrios Pickmann. The move comes as the global legal giant slashed five lawyers from its office in Watford, England, one that Dentons picked up last year after absorbing the bulk of Matthew Arnold & Baldwin.
"It's been a hell of a week," Josh Zive, a lobbyist and senior principal in the Washington, D.C., office of Bracewell, told his podcast audience last week.
In a characteristically unorthodox move, the president is reportedly poised to tap commercial litigator Marc Kasowitz to lead his personal legal team amid probes into his campaign's alleged contacts with Russia.
Bank of America, Wells Fargo and HSBC are among the more than 40 banks and financial firms that announced Tuesday they would invest in R3's distributed ledger, or blockchain, technology.
Morrison & Foerster has hired a six-lawyer IP litigation team in Silicon Valley from Wilson Sonsini Goodrich & Rosati led by partners Stefani Schanberg and Jennifer Schmidt, of counsel Robin Brewer and three associates.
Samir Jain led a group within the White House National Security Council that responded to cyber threats and pursued anti-hacking initiatives.
Former New York City Mayor Rudolph Giuliani said in court papers filed Monday that he had no hand in crafting controversial executive orders from the Trump administration banning travel from Muslim-majority countries and that he has not served on a commission related to such orders.
W. Russell Welsh, chairman and CEO of Polsinelli since 1998, is poised to cede the Kansas City, Missouri-based Am Law 100 firm's top leadership role to real estate head F. Chase Simmons.
The firm will also open offices in Chicago and Washington, D.C.
I know you are a busy, hot-shot lawyer, but may I offer you some friendly advice?
The deal would create a firm with about 400 lawyers in the Northeast, Midwest and Florida.
A senior Latham & Watkins lawyer is running for Parliament as a member of a controversial right-wing political party in the U.K.'s upcoming general election on June 8.
Legal consultancy Altman Weil Inc.'s ninth annual Law Firms in Transition Survey shows that managing partners are increasingly frustrated from facing off against internal resistance to change.
"A smart firm would be reaching out to their clients and getting ahead of the story," said one former GC.
Companies in the U.S. spend 166 percent more on legal services per dollar of revenue compared to companies in other parts of the world, findings from U.K.-based market research company Acritas Research Ltd. show.
Mlegal Consulting Inc., a legal search firm founded in San Francisco, has bolted on Innocenti Partners LLC, a solo shop created last year by former Major, Lindsey & Africa practice leader Natasha Innocenti, and picked up three more employees in the Bay Area.
Justin Theroux, the star of HBO's "The Leftovers" and son of a longtime Baker McKenzie lawyer, has accused his downstairs neighbor of waging a scorched-earth campaign to bully and intimidate him after Theroux began renovating the New York apartment where he sometimes lives with wife Jennifer Aniston.
Todd Jacobs, a former managing partner and member of the executive committee at Grippo & Elden, a Chicago-based complex commercial litigation boutique that merged with Shook, Hardy & Bacon in early 2015, is opening a Windy City office for Iowa-based Bradley & Riley.
It's a helluva time to be a government investigations lawyer in the nation's capital.
Simpson Thacher & Bartlett has hired David Blass, a former associate general counsel at the U.S. Securities and Exchange Commission who spent nearly the past three years as general counsel for the Investment Company Institute, as an investment funds partner in Washington, D.C.
Regardless of their political leanings, many law firm leaders were cautiously optimistic after Donald Trump's election. They hoped he might boost business—and demand for legal services—with his agenda of tax reform, looser bank regulations and infrastructure investment. But with the fledgling administration already mired in investigations, the enthusiasm is waning amid some firm leaders.
Cozen O'Connor has hired two patent litigators from Norton Rose Fulbright, adding to its Minneapolis office and its intellectual property practice.
Companies and their outside counsel are both collecting useful information that they're not sharing with one another. Should both parties be more transparent to achieve their goals?
Sullivan & Cromwell has opened an office in the de facto capital of the European Union after adding Wilson Sonsini Goodrich & Rosati partner Michael Rosenthal.
Just how far can you push a summertime dress code before you jeopardize your professional credibility?
Skadden made rare hires to its London office with the addition of private equity heavyweights from White & Case.
Shutts has put into place a comprehensive cybersecurity to allay client fears about the confidentiality of their records.
The global legal giant is advising St. Louis-based manufacturer Katy Industries Inc. on its Chapter 11 filing this week, as well as the California-based subsidiary of a German search optimization company in its bankruptcy case, one that has DLA Piper owed more than $1 million in fees.
Are some law firms making a mistake by handing clients their billable hour data despite working for flat or fixed fees?
The rapid recruitment effort embarked on by Jenner & Block this year continued Friday as the firm added Suedeen Kelly, co-chair of the energy regulatory, markets and enforcement practice at Akin Gump Strauss Hauer & Feld, as a partner in Washington, D.C.
The future of law firms may just lie in the hands of nonlawyers, as experienced chief operating officers gain stature at firms of all sizes.
Allen & Overy is suing a former client for $343,448 arising out of its work for the development and financing of a solar power facility in Panama.
The jury couldn’t decide if retired appeals judge Sheila Sonenshine made misrepresentations on her JAMS bio, but they decided that didn’t cause harm to venture capitalist Kevin Kinsella.
Washington Wrap is a weekly roundup of Big Law hires and other Washington, D.C., legal industry news.
Shearman & Sterling antitrust partners Stephen Mavroghenis and Miguel Rato, courted last year by Quinn Emanuel Urquhart & Sullivan, have joined the firm’s Brussels office. Both lawyers re-unite with former colleague Trevor Soames, who Quinn Emanuel hired in December.
Examining the current similarities between e-discovery and cybersecurity can be a predictor of future patterns in the cybersecurity staffing market.
Meredith Jones-McKeown, co-managing partner of Sheppard, Mullin, Richter & Hampton's San Francisco office and co-chair of the firm’s construction practice, has joined Perkins Coie’s commercial litigation and construction practices as a partner. Both firms have been active in the lateral market so far this year.
Florida-based Am Law 200 firm Shutts & Bowen and Miami partner Kevin Cowan settled an antitrust lawsuit in a case that also raised allegations of wrongdoing against Hinshaw & Culbertson Coral Gables partner Steven Carlyle Cronig.
The market for large firm lateral partners moves quickly these days. For three new hires announced this week by Morgan, Lewis & Bockius and Honigman Miller Schwartz and Cohn, it was yet another business card change in an effort to find the right fit.
Big Law has a major gender equality problem, according to David Sanford, the chairman of Sanford Heisler Sharp, who is the lead lawyer in a trio of high-profile gender discrimination cases brought by female partners at Am Law 200 firms.
Wilson Elsker Moskowitz Edelman & Dicker has welcomed alternative investments and EB-5 expert Robert Cornish Jr. as of counsel in Washington, D.C. The Big Law lateral brings some serious barbecue bonafides to his new firm.
Robert Mueller III has deep roots in Northern California, where he served as U.S. attorney. We asked lawyers who worked alongside him—or faced off against him—to share their experiences.
Stoel Rives is continuing to beef up its corporate group with practice veterans from larger rivals, including two former K&L Gates partners.
Thompson Hine has set up a government contracts practice in Washington, D.C., after luring three lawyers from Cooley, including one who was a partner at his former firm.
Robert Mueller III, a former FBI director who joined Wilmer Cutler Pickering Hale and Dorr in 2014, is leaving his perch in private practice and stepping back into law enforcement. Mueller will take on the weighty and politically precarious role of special counsel investigating Russia's efforts to influence the 2016 U.S. presidential election.
A pair of recent filings in U.S. litigation over alleged foreign exchange rate manipulation has revealed a dispute that pits Quinn Emanuel against Hausfeld and Scott + Scott. The dispute, which revolves around foreign exchange rate antitrust litigation, takes on added import because all three firms are eyeing key roles in similar litigation overseas.
Long Island's Rivkin Radler has agreed to acquire Iseman, Cunningham, Riester & Hyde, a 16-lawyer shop with two New York offices in Albany and Poughkeepsie.
Loeb & Loeb, riding a wave of rising revenue and profits, has elected media and tech partner Kenneth Florin in New York as its next chairman, ending the 14-year leadership tenure of Michael Beck.
Former politicians Joe Lieberman and Frank Keating will interview for the job.
Did the president expose himself to obstruction of justice charges in the unfolding scandal involving James Comey? If anyone has an opinion on that burning question, it's the country's pool of former federal prosecutors. But not all of them are willing to share it.
Cozen O'Connor is continuing a slow-motion raid on Buchanan Ingersoll & Rooney, with the addition of six more lawyers announced Wednesday.
John Mowbray, a well-connected, second-generation Nevada lawyer, is opening an office in Las Vegas for a Midwestern firm on a growth kick. A longtime lawyer to Liberace, Mowbray is also responsible for state bar rules that once barred out-of-state firm from setting up shop in Nevada.
A new tool from IBM, called "Outside Counsel Insights," uses the power of Watson to reveal billing insights to legal departments.
Richard Hsu, global head of IP transactions at Shearman & Sterling and co-chair of the firm's privacy and data protection team, has joined Major, Lindsey & Africa as a managing director in San Francisco. The Silicon Valley-based lawyer is also a popular podcaster.
Reed Smith is the latest firm in Big Law to make some relatively inexpensive accommodations for new mothers in an attempt to relieve—and retain—lawyer moms.
The U.S. Securities and Exchange Commission has staffed up with five Big Law alumni, including a rainmaker at Willkie Farr & Gallagher in New York.
There's a certain schadenfreude in seeing a global law firm with more than $1 billion in annual revenue taken down a peg by a judge in Des Moines. But the episode also raises concerns for lawyers who say it demonstrates a risk high-priced coastal law firms face when they go to court in smaller markets and could make Big Law practitioners wary of practicing in smaller cities.
Seyfarth Shaw is letting go at least 40 lawyers and several staff members, according to a Tuesday report confirmed by The American Lawyer.
White & Case has installed two "energy pods" at its office in Washington, D.C.
Convicted felon Tarra Simmons, who was recently awarded a fellowship from a nonprofit foundation affiliated with Skadden, Arps, Slate, Meagher & Flom, saw her quest to practice law recently hit a hurdle when the Washington State Bar Association’s character and fitness board recommended against admitting her to the bar.
All publicity is good publicity, right? For the right kind of celebrity, maybe. For a law firm? Not so much.
Time for another roundup of news and gossip. And yes, they all center around our president (so let me apologize in advance).
Major, Lindsey & Africa, the world's largest legal recruiting firm, has started a legal talent management consulting offering for its in-house and law firm clients.
Court of Appeals Judge Michael Garcia, a former federal prosecutor who spent years in private practice at large firms, was among several candidates interviewed over the weekend by U.S. Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein to replace James Comey, whom President Donald Trump fired on May 9.
Amid a massive, worldwide ransomware attack, a leading firm in Rhode Island has sued its insurer over a similar cyber assault that it claims cost it $700,000 in lost billings. Providence-based Moses Afonso Ryan is representing itself in a suit filed last week against Sentinel Insurance Co.
Having recently closed three small offices, global legal giant DLA Piper is widening its network in Africa by inking an alliance deal with Lagos, Nigeria-based Olajide Oyewole, which was founded in 1965 and focuses on corporate and commercial law. The Nigerian firm has eight partners.
The Chicago-based Am Law 100 firm has hired two federal prosecutors in as many months as the firm drops the "white-collar defense" tag for its well-known investigations practice. The most recent is Brandon Fox, chief of the public corruption and civil rights section at the U.S. attorney’s office in Los Angeles.
The firm has hired Andrew Richards, a fishery industry veteran and former deckhand on commercial salmon trollers. Richards recently shuttered his own Seattle-based shop, Sullivan & Richards, which represented a wide variety of clients in the commercial fishing space.
Steven Cherny, a well-regarded intellectual property litigator who has spent nearly the past decade at Kirkland & Ellis, has joined Quinn Emanuel Urquhart & Sullivan as a partner in New York.
Washington corporate defense lawyer Alice Fisher interviewed on Saturday to be the next FBI Director, after the agency was shocked by the firing of James Comey last week. Fisher's among the reported top contenders. The National Law Journal has done comprehensive coverage of Fisher, the former Bush-era Criminal Division chief-turned law firm leader, over the years, since she's been a major name in public service at the U.S. Justice Department and private practice at Latham & Watkins. Here are some highlights of Fisher's career.
An unnamed Proskauer partner in Washington, D.C., alleges she is a victim of gender discrimination and accused a prominent partner in the office of harassment.
If firms want their top marketers to stick around, should they look to the talent they already have?
Did that firm, or the federal government, have a duty to warn Bradley about an investigation?
In the largest U.S. bank failure since 2010, New Orleans-based First NBC Bank Holding Co. filed for Chapter 11 protection in its home city Thursday. The bank, which went public in 2013, saw two top Am Law 100 firms listed among its 20 largest unsecured creditors.
Contributors from law firm consultancy Blaqwell Inc. discuss what the post-recession Am Law 100 results mean for the future of Big Law.
Larry Popofsky, a former head of Heller Ehrman who argued a 1977 U.S. Supreme Court case that shifted the course of antitrust law, died on May 9. Popofsky, senior counsel at Orrick, Herrington & Sutcliffe in San Francisco, leaves behind an antitrust legacy that includes his son, Mark Popofsky, chair of Ropes & Gray’s antitrust group.
According to new jobs data released Thursday by the American Bar Association, 78.6 percent of 2016 law graduates had secured jobs that either require a law degree or for which a law degree is an advantage within 10 months of leaving campus. That’s up more than 2 percent from the previous year.
With a little sleuthing, it's not hard to see Gerchen Keller's fingerprints on trial that pit Irell & Manella and Boies Schiller lawyers against a team from Wilmer.
Monday marked Kristina Maynard's first day back at the office in six years. Her children—ages 9, 12 and 13—wanted to commemorate the moment as she had done for them every first day of school. The American Lawyer caught up with Maynard to discuss her decision to come back to Big Law.
Women, even ones in the most selective professional programs, prioritize marriage over career, and will downplay their ambitions to achieve that goal.
Walter "Chet" Little, who left Foley & Lardner last summer to join the Tampa office of Bradley Arant Boult Cummings, has been hit with criminal insider trading charges by federal prosecutors in New York. The U.S. Securities and Exchange Commission has also filed a parallel civil case against Little and a co-defendant.
As a prospective law firm hire, Comey combines a prestigious resume with unusual political baggage.
O’Malley Miller, a senior partner and former head of real estate at Munger, Tolles & Olson, has joined the real estate development group of Allen Matkins Leck Gamble Mallory & Natsis, as a partner in Los Angeles. The move is a reunion for Miller, who previously worked at Allen Matkins two decades ago.
A former client has sued Greenberg Traurig alleging the firm switched sides and used its knowledge of privileged intellectual property information from previous patent work to attempt to invalidate a patent for a new client's benefit.
Nearly two months after German law enforcement authorities raided Jones Day's Munich office as part of an investigation into Volkswagen AG, a local court has tossed a complaint by the firm about government efforts to obtain materials on its embattled client.
Am Law 50 firms showed the biggest gains in revenue but were hit hardest by pay hikes.
A former King & Spalding associate who said he was fired for raising ethical concerns about the conduct of two of the firm's partners has sued the firm for wrongful termination.
Fox Rothschild has hired entertainment lawyer Marc Simon from New York’s Cowan, DeBaets, Abrahams & Sheppard. Simon once produced a documentary called "Unraveled" about Marc Dreier, the disgraced litigator currently serving a 20-year federal prison sentence for fraud.
The hire of Christopher Johnson and Zachary Mazin continues McKool Smith's expansion in New York, currently its largest office, and will bolster McKool Smith's financial litigation group, the firm said.
For those who appreciate verisimilitude in their cable TV dramas, a highlight of this week's "Billions" season finale on Showtime came when a young prosecutor told her boss, a fictional U.S. attorney, that she was leaving for a real-life law firm. The show smartly name-dropped Sullivan & Cromwell—the place to be for upwardly mobile securities fraud experts looking to trade a government paycheck for something much, much more lucrative.
Top Justice Department antitrust lawyer Bill Baer is returning to Arnold & Porter Kaye Scholer, where he led the antitrust practice for several years, the firm said Wednesday.
The American Lawyer is seeking nominations for our annual feature of Lifetime Achievers and Law Firm Distinguished Leaders. Please send your nominations in a short essay (no more than 300 words) in an attached Word document to EditorialAwards@alm.com by June 16.
Seasoned KM experts say the biggest mistakes for new KM projects are to expect too much — and not keep it simple.
Sean Lacey, co-leader of the alternative capital group at Freshfields Bruckhaus Deringer in London, has become the latest partner to leave the lockstep Magic Circle firm for potential riches at Kirkland & Ellis.
London-based legal giant Clyde & Co announced Wednesday its merger with Mexico's Garza Tello & Asociados, a 23-lawyer firm specializing in energy, insurance and maritime work.
King & Wood Mallesons has appointed Sue Kench, chief executive partner of its Australian arm, as its new global managing partner. Kench succeeds Stuart Fuller, who relinquished the role at the height of problems with the firm's embattled European affiliate late last year.
The global legal giant, having recently announced agreements with firms in Costa Rica, Hawaii and the Netherlands, now plans to form an alliance with the Brazilian firm Vella Pugliese Buosi Guidoni in São Paulo.
Citing his handling of the investigation into Hillary Clinton's email server, President Donald Trump on Tuesday fired FBI Director James Comey. His actions may weigh heavy on his future employment prospects, as big law firms may be wary of questions that would accompany his hiring. Still, as a prominent attorney with high-level experience in government and business, he may find a home at a law firm, as some other former FBI directors have.
The labor and employment specialist, which struck a deal with U.K. boutique GQ Employment Law, has now launched in 14 new markets since October 2013.
If defense lawyers get their way, records from the firm's investigation of Hewlett-Packard's botched deal with a British software firm could become evidence.
Looking back on the twisting path that led to Tuesday's verdict, some white-collar lawyers said the New York County District Attorney's Office played it much smarter in the case's second act, DA's office played it much smarter in the case's second act, while others continued to question the prosecutors' approach.
Word of the new U.S. operations head comes two years into a four-year term for his predecessor.
Blank Rome has brought on two lawyers from Withers Bergman to its tax, benefits and private client group in New York, including the former leader of Withers' U.S. tax investigations practice.
Anyone who says that performance reviews are useful is full of it.
William Hinman, who recently retired as a partner in Simpson Thacher & Bartlett's Silicon Valley office, has been named the head of the agency's Division of Corporation Finance.
While such a move might tempt young lawyers, it could close as many career doors as it opens.
Jones Day has hired Andrew Luger, until recently the U.S. Attorney for Minnesota, as a partner for its new office in Minneapolis. Jones Day opened in the Twin Cities last year.
Irell & Manella has brought back former associate Jason Linder, most recently a senior trial attorney with the criminal division of the Justice Department’s Foreign Corrupt Practices Act unit in Washington, D.C., as a partner and head of its global investigations and anticorruption practice.
A New York jury on Monday delivered a mixed verdict in the criminal case against two former Dewey & LeBoeuf executives, finding former CFO Joel Sanders guilty of scheme to defraud, securities fraud and conspiracy, while clearing former executive director Stephen DiCarmine on the same charges.
California’s Legislature has extended by four weeks its contract with Covington & Burling for guidance on challenging Trump administration policies. A spokesman for Assembly Speaker Anthony Rendon, D-Paramount, confirmed on Monday that the $25,000-a-month contract, initially signed in January, will now run through the end of May.
Andrei Baev, the head of Chadbourne & Parke's Moscow office, has left the firm ahead of its proposed combination with Norton Rose Fulbright to join Reed Smith.
BakerHostetler’s cybersecurity report highlights the nature of company cybersecurity while illustrating the law firm’s changing role in the tech age.
At the Central Park Women's Committee hat luncheon last week, the women at my table (lawyers and business executives) want you to know that they deserve respect.
Former Grant & Eisenhofer director Adam Levitt joins with Mark DeCello and James Casey, formerly of DiCello Law Firm, forming DiCello Levitt & Casey.
Cozen O'Connor is keeping up its raid on Buchanan Ingersoll & Rooney, with the departures cutting deeply into Buchanan Ingersoll's labor and employment group.
Personal trainer Jonathan Jordan's clients include attorneys from Big Law offices, who come to him with loose glutes, collapsed cores and hunched shoulders from sitting for long periods.
Wondering how all those federal prosecutors entering private practice are coping with the transition to private practice? Ask Thompson & Knight's Richard Roper.
Work at drone law practices is shifting as drone-related startups have come of age.
Adit Khorana, who joined Wilmer Cutler Pickering Hale and Dorr in 2010, is leaving the firm’s Silicon Valley office to join Cooley.
Peter Fusco, a partner at Lowenstein Sandler and co-chair of the firm’s Brooklyn Entrepreneurship Center, is poised to join Orrick, Herrington & Sutcliffe as a leader of its technology companies practice in New York. Orrick is the latest Am Law 100 firm to ramp up its tech industry expertise in the city.
If confirmed, Kirkland & Ellis' Brian Benczkowski will lead a DOJ division he spent the last few years defending companies from.
Publicizing a litigation funding deal is one way for a small company—or a small law firm—to signal that it's ready to fight. Still, the industry is a long way from full transparency.
"You get to a point where you start to appreciate another side to life," said Jeffrey Pagano, until recently a partner at Crowell & Moring. "I'd always considered myself a 2,500- to 3,000-hour [a year] type guy. I wanted to continue on—but at what price?"
The U.S. legal industry gained 1,100 jobs in April.
CIO Ralph Sutton, who has led the company's U.S. operations since 2011, said in an interview Friday that he plans to start a new litigation finance venture. "It is with mixed feelings that I leave that team," he said.
Heath Eskalyo goes by many titles: Lawyer, husband, father and Ironman.
Hoping to reverse a $502 million loss, lawyers for Johnson & Johnson are attacking Houston attorney W. Mark Lanier. But he says the campaign "fails to tell the whole story."
Catharina Min, vice chair of Reed Smith's business and finance department and a former managing partner of the firm’s office in Palo Alto, California, has joined Covington & Burling as a technology M&A partner in nearby Redwood Shores.
New Jersey-based Carroll, McNulty & Kull is merging with international insurance law firm Kennedys, leaders of both firms announced Thursday. The combination will form a nearly 1,000-lawyer firm that specializes in advising the insurance industry.
Leichtman Law will also employ five other commercial and IP litigators.
Partners Jeff Norton and Gareth Clark join the firm from Linklaters and Paul, Weiss, Rifkind, Wharton & Garrison, respectively.
Neil Sacker, a former in-house lawyer at Miramax Films and Warner Brothers Studios who joined Stroock & Stroock & Lavan's Los Angeles office last year, has decamped for Skadden, Arps, Slate, Meagher & Flom.
McNees Wallace & Nurick has brought on a Big Law veteran to serve as the Pennsylvania firm's new chief operating officer.
In a move that could dwarf the massive municipal bankruptcy of Detroit, Puerto Rico indicated Wednesday that it would begin a bankruptcy-type process to restructure $70 billion in debt. Proskauer Rose, Quinn Emanuel, Kirkland & Ellis, Dentons and Cleary Gottlieb have been involved in the island's mounting debt crisis in recent years.
Five years after leaving the U.S. attorney’s office in Chicago, Patrick Fitzgerald has recruited his first former assistant. What took so long?
That's according to an ethics disclosure form Steven Engel filed in March, which, along with an ethics pledge, outlines Engel's possible conflicts of interest if confirmed as assistant attorney general at the Office of Legal Counsel.
Partner Robert Crowe agreed to pay a little less then $95,000 to resolve allegations that he played a role in a political corruption scheme aimed at helping State Street Bank and Trust Co. secure public pension contracts in Ohio.
In what may be the first public announcement of a litigation funder investing in a law firm’s portfolio of contingent fee cases, Los Angeles-based litigation upstart Pierce Sergenian has unveiled a tie-up with Arizona’s Pravati Capital.
Finn Zeidler, a dispute resolution and white-collar defense expert at Latham & Watkins in Frankfurt, has left the firm to join Gibson, Dunn & Crutcher's new office in the German financial services center.
Investigation still underway.
Brent McIntosh, the Sullivan & Cromwell partner nominated to be general counsel to the U.S. Treasury Department, reported earning nearly $2.9 million in income from the firm last year, according to his financial disclosure on file at the U.S. Office of Government Ethics.
Cozen O'Connor is expanding into western Pennsylvania, opening an office in Pittsburgh with three partners from Buchanan Ingersoll & Rooney.
Eric Cowan, a former managing partner of Squire Patton Boggs' New York office who has been a partner at several other large firms, including the now-defunct Thelen and Dewey & LeBoeuf, is headed to McGuireWoods to head the firm's global media and entertainment practice. He has some thoughts about his former firm's demise.
Liesl Fichardt, head of the tax investigations and disputes practice at Clifford Chance in London, is leaving the Magic Circle firm to join Quinn Emanuel Urquhart & Sullivan in the city.
Therese Doherty, head of the securities, futures and derivatives litigation practice at Herrick, Feinstein in New York, is headed to Mintz, Levin, Cohn, Ferris, Glovsky and Popeo. The move to Mintz Levin, where Doherty will re-join a former senior Herrick colleague, comes a month after the firm ended merger talks with Crowell & Moring.
John Dedyo, a longtime partner at Weil, Gotshal & Manges in New York, has joined Hunton & Williams as a partner in the firm's finance and securitization practice. Dedyo is the latest lateral recruit by Hunton & Williams so far this year.
The director of Harvard Law School's executive education programs says his curriculum has evolved right along with the problems facing law firm and law department managers.
Noel Francisco, still awaiting a hearing on his nomination as U.S. solicitor general, has promised to divest his interests in technology, financial and pharmaceutical companies—including Apple Inc., Vanguard Financials and Merck & Co.—if he wins Senate confirmation. In his financial disclosure form, the former Jones Day partner reported $4.6M in his partnership share plus earnings supplement.
Even if you follow the law and all the internal protocols your firm has in place, you may still find that clients and the public view your actions negatively. In situations where you believe you are in the right, the instinct is not to apologize. Here is how to correctly handle a high-profile PR crisis.
The global legal giant is poised to open an office in Luxembourg with a team of three partners from local law firms.
Lawyers, technologists and advisers may find themselves expanding their roles as technology becomes more integrated with our lives.
An Australian court has approved a settlement in a dispute between Herbert Smith Freehills and eight of its former partners who sought to leave the firm last year to launch an Australia practice for White & Case.
A Philadelphia lawyer has organized a national organization to support women-owned law firms and the lawyers who lead them.
Chad Young, a promising young member of the Axeon Hagens Berman professional cycling team, died Friday in Tucson, Arizona, after a crash in the Tour of the Gila. Young, 21, was the first American cyclist to die in an event in nearly two decades.
The Am Law 100 firm is poised to open an office in Seattle after absorbing 39-lawyer Riddell Williams.
A Manhattan jury on Monday began deliberations in the retrial of former Dewey CFO Joel Sanders and former executive director Stephen DiCarmine.
James Woolery, a former investment banker, hedge fund executive and M&A partner at Cravath, Swaine & Moore who for a brief time worked at Cadwalader, Wickersham & Taft, has joined King & Spalding in New York. While it's the fourth job for Woolery in six years, the Kentucky native claims he's finally found a long-term home.
The announcement Monday buoys the firm's venerable Supreme Court practice.
Giovanna Cinelli and Kenneth Nunnenkamp join Morgan Lewis as partners, with Cinelli tapped to co-lead the firm’s international trade, national security and economic sanctions practice.
Robert Darwell's TheDailyServer is a tribute to waiters, waitresses and bartenders, and all multitaskers whom the Sheppard Mullin partner admires.
Kara Brockmeyer, former chief of the SEC Enforcement Division's Foreign Corrupt Practices Act Unit, is joining Debevoise & Plimpton's Washington, D.C., office as a partner and member of the white-collar and regulatory defense and the strategic crisis response and solutions groups, the firm announced Monday.
Shumaker, Loop & Kendrick, an Am Law 200 firm with roots in Florida and Ohio, is poised to absorb Toledo-based intellectual property firm Fraser Clemens Martin Miller.
Salam Bhojani and Nick Nelson see opportunity in building bridges with Muslim and South Asian business owners.
A group, led by partner Staton Childers, joins Adams and Reese in Houston.
High-speed electronic trader Virtu Financial Inc. turned to Paul Weiss to handle its $1.4 billion acquisition of rival KCG Holdings. The transaction has yielded roles for a half-dozen other Am Law 100 firms, including one firm firm trying to help retired New York Yankees star and ex-Florida Gov. Jeb Bush buy the Miami Marlins.
A prosecutor in the Dewey & LeBoeuf criminal case spent his second day of closing arguments walking jurors through a series of allegedly improper accounting adjustments that he said the now-defunct firm's finance department made between 2008 and 2012.
Former commissioner for the U.S. Federal Trade Commission Julie Brill will be deputy general counsel and report directly to Microsoft president and chief legal officer Brad Smith. Brill joins the company after roughly a year with Hogan Lovells.
The idea that lawyers can make buckets of money from their cozy apartment, beach house or suburban manse is a fantasy.
Sidley Austin real estate partner M. Scott Cooper and counsel Daniel Liffmann in Los Angeles became the latest lawyers to leave the firm this year in Los Angeles—Sidley has two offices in the city—as they both joined Mayer Brown as partners.
A developing project around legal matter standards could give law departments a new language to speak when they talk about their work.
The founder of BCG Attorney Search wrote that law firms fill recruiting jobs with women who are “quite attractive and fit,” but also sometimes “ditzy” and “more focused on themselves than their jobs.”
Rod Rosenstein has his work cut out for him now that he’s officially U.S. Attorney General Jeff Sessions’ right-hand man. Attorneys are looking to Rosenstein, a lifelong public servant, to bring a dose of stability to the U.S. Department of Justice after the U.S. Senate confirmed him as the deputy attorney general.
Kimberly Kay Krieder-Dusek does a little bit of everything in McMullen County, Texas.
Familiar with crises involving President Donald Trump, former U.S. Securities and Exchange Commission chair Mary Jo White is being tapped by Debevoise & Plimpton to be the first person to ring when a Tweet or viral video causes corporate chaos.
McDermott Will & Emery has hired corporate partners Ivan Presant and Jeffrey Meyers in New York from Greenberg Traurig and Stroock & Stroock & Lavan, respectively. Meyers chaired Stroock’s energy and project finance practice after joining the firm in 2009 from Dewey & LeBoeuf, a firm that Presant fled in early 2012.
This chart maps year-over-year changes in revenue per lawyer and profits per partner for every firm in The Am Law 100. Baker Botts, Crowell & Moring, and Nelson Mullins saw the biggest increases in both RPL and PPP last year.
London-based legal giant Freshfields Bruckhaus Deringer has hired three restructuring partners in New York from newly-merged Arnold & Porter Kaye Scholer. The Magic Circle firm began ramping up its operations in Manhattan two years ago.
Crowell & Moring added to its chemicals regulatory practice this week by picking up two longtime pesticides lawyers from Dentons.
A four-partner team from Chadbourne & Parke is leaving the firm's offices in three cities—Dubai, Johannesburg and London—for Covington & Burling. The move comes ahead of Chadbourne's planned combination with Norton Rose Fulbright.
A group of six energy transactional partners in Baker Botts today joined Gibson, Dunn & Crutcher's new Houston office.
April Doss was appointed as special counsel to the U.S. Senate Intelligence Committee.
Details surrounding the president's tax plan are still sketchy. But one thing’s for sure: Equity partners at the country's biggest law firms would enjoy a massive cut if the plan becomes reality.
Revenue jumped 14 percent at Fox Rothschild in 2016, more than matching head count growth as the firm beefed up its lawyer ranks.
Terrence Allen, who joined Pepper Hamilton’s Los Angeles office a year ago, is on the move again to Akin Gump Strauss Hauer & Feld in nearby Orange County. Allen is the latest Pepper Hamilton partner to leave the firm so far this year.
Reporter Roy Strom summarizes the key takeaways from the Am Law 100 rankings and what consultants say to look for in the coming year.
A firm's PPL is its net income divided by its lawyer count. Wachtell topped the list with a PPL of $1.92 million.
This metric, introduced in 1985, seeks to demonstrate which firms best balance leverage and profit margin for the highest possible profits per partner. We calculate the profitability index by dividing profits per partner by revenue per lawyer.
Average Compensation-All Partners rose by 1.6 percent in 2016, compared with an increase of 3.7 percent in 2015. Seventy-one firms posted increases, compared with 70 the previous year. Fifteen firms posted double-digit gains, while six posted double-digit losses.
Our value per lawyer metric demonstrates how much, on average, each of a firm’s lawyers contributes to total partner compensation. On average, value per lawyer for the Am Law 100 increased 2.4 percent, down from 3.3 percent in 2015. A firm’s VPL is its compensation-all partners divided by its lawyer count. We express it two ways: as a dollar amount and as the number of lawyers needed to generate $10 million in partner compensation.
Paul Tanck, chair of Chadbourne & Parke's intellectual property practice in New York, is headed to Alston & Bird ahead of his firm's proposed combination with Norton Rose Fulbright.
The two Am Law 100 firms are advising on a potential $1.3 billion sale of Major League Baseball's Miami Marlins to an ownership group fronted by former Florida Gov. Jeb Bush and ex-New York Yankees star Derek Jeter.
Todd Toral, chair of cross-border litigation for the Americas at DLA Piper, is joining Jenner & Block as a complex commercial litigation partner in Los Angeles.
Are women opting for those lower-paying practices or is there an invisible hand that steers them there?
Atlanta lawyer Claud "Tex" McIver had a lot of guns. No one disputes that.
A lawyer for former Dewey & LeBoeuf executive director Stephen DiCarmine on Tuesday sought to inject doubt in the minds of jurors nearing a potential verdict in the long-running criminal case over the firm's demise.
Cloud-based law firms still face skepticism from some pockets of the legal market. But there are signs that they are becoming stiffer competition for Big Law.
Baker Botts civil litigators Kevin Jordan, Walter Lynch and Michael Cancienne—partners in the firm's Houston office—have left to start Jordan, Lynch & Cancienne.
Skadden, Arps, Slate, Meagher & Flom, Weil, Gotshal & Manges and Wachtell, Lipton, Rosen & Katz are advising on a proposed $24 billion deal that will see Becton, Dickinson & Co. acquire medical device manufacturing rival C.R. Bard Inc. Skadden and Wachtell also advised on another $6.1 billion deal involving Cardinal Health Inc.
Six lawyers, including three partners, are leaving Norton Rose Fulbright for King & Spalding's office in Austin, Texas.
Sullivan & Cromwell snags Adam Szubin, a former acting under secretary for terrorism and financial intelligence at the Treasury Department, as of counsel for its financial services group in Washington, D.C. Szubin was a key architect of the Obama administration's controversial nuclear deal with Iran.
Labor and employment lawyers at Fisher & Phillips were in demand in 2016, helping the firm boost its gross revenue to $176.5 million, a hefty 11.7 percent increase from the year before.
"From the moment Neil left, we were missing him and hoping he would return," said Kirkland's Eugene Assaf.
In the Dewey & LeBoeuf criminal case, counsel for former firm executives Joel Sanders and Stephen DiCarmine said Monday that they would proceed to summations without putting either defendant on the stand or calling their own witnesses.
A U.S. Supreme Court victory against Visa and Mastercard over ATM fees has helped unite two solo antitrust litigators to form a bicoastal firm.
A new distillery launched by Mayer Brown tax attorney Russell Nance is part of the growing popularity of craft spirits.
Linklaters is set to make its long-awaited move into Chinese law with a team of almost 20 lawyers breaking off to set up a new "best friends" firm in the Shanghai Free Trade Zone.
Many law firms eased back on partner promotions last year, but the slowdown was less pronounced in New York—especially in corporate practices.
Foley & Lardner, which more than a year ago broke off discussions about a potential combination with Eversheds, is on the hunt for a merger partner in New York. One firm that has drawn Foley & Lardner's interest is boutique Friedman Kaplan Seiler & Adelman. The two firms share more in common than just tie-up talks.
For American media audiences, the Bill O'Reilly saga had pretty much everything, from sex and celebrity to money and politics. For law firms and their clients, it was also a reminder: In the biggest scandals, there's nothing internal about internal investigations.
Just like the Fox News Network LLC, some law firms would be equally reluctant to get rid of a top rainmaker who behaved badly.
The marijuana vending machine startup Medbox Inc. got smoked last month by the U.S. Securities and Exchange Commission, which accused the cannabis company of filing sham earnings reports. It was the latest in a series of setbacks for Medbox, now called Notis Global Inc., and its growing ranks of lawyer-owners.
It's time to submit your entry for The American Lawyer's Litigation Departments of the Year, which recognizes top litigation departments in overall excellence, intellectual property, products liability, and regulatory/white-collar.
The partnership follows the departure from K&L Gates of Pittsburgh partner Roberta Anderson, a co-founder of the firm's 6-year-old cybersecurity practice.
Attorneys must refrain from using apparently privileged documents, regardless of when or how they were received, the Fourth District says.
Real estate attorney David Podein describes his law school-era bout with cancer.
Bilzin Sumberg isn't on the list of the 200 top grossing U.S. law firms, or that of the firms with the most lawyers. But it regularly ranks among them in terms of profits per partner and revenue per lawyer.
Obermayer Rebmann Maxwell & Hippel has reached a settlement with a former associate who claimed he lost out on bonuses due to an unfair billing system.
A Chicago federal jury on Thursday awarded $3 million to the widow of a former leader of Reed Smith’s corporate department, finding pharmaceutical giant GlaxoSmithKline plc liable for the 2010 suicide of Stewart Dolin.
Feuerstein Kulick, a five-lawyer boutique formed last year in Manhattan, has received a surge in interest from clients keen on opportunities in the legal cannabis market following legislation introduced in Canada last week that would legalize marijuana north of the border.
Jeff Dorrill, a partner in Haynes and Boone in Dallas, will compete against athletes half his age in a national championship.
Collecting and normalizing business intelligence data, building a data warehouse, and effective presentation for outside the organization will be key concepts at the 2017 CLOC conference.
Here's one way to get your name on the letterhead at an elite law firm: Earn half a billion dollars from a single client.
Vidal, who has represented companies like PayPal and VMware, is leaving Fish & Richardson after 20 years at the firm.
JL Salazar Law Firm, an intellectual property firm in Houston, seeks up to $1 million in damages from former member Valerie Friedrich, who departed the firm on March 1.
A joint trial of ex-pharmaceutical executive Martin Shkreli and Evan Greebel, his co-defendant in a fraud case and his former lawyer, would present a "serious risk" that Shkreli would not receive a fair trial, a federal judge ruled on Wednesday.
Troy Zander, a venture debt finance partner at DLA Piper in Silicon Valley and San Diego, is headed to Cooley. Zander served as an office managing partner in San Diego for DLA Piper, which has two offices in the city. Litigation partner Jesse Hindman also recently left DLA Piper in San Diego to start his own shop.
The two firms claim they are being targeted because the real fraudster is broke and owes millions of dollars.
If your firm has been spending big bucks on branding, paying fat bonuses or packing associates off for courses at Harvard Business School, you've just wasted your partners' hard-earned money.
In a slugfest between two prominent New York litigators, plaintiffs lawyer Douglas Wigdor on Wednesday cited his appreciation for Fox News and his financial backing for Donald Trump's presidential campaign to refute the suggestion that he's part of a left-wing conspiracy against newly-ousted Fox commentator Bill O'Reilly.
Garrett Ordower is joining Lake Whillans in New York, where he'll help vet cases for potential investment.
Kerrie Campbell, a litigator at Chadbourne & Parke who brought a $100 million gender bias suit against the firm, was expelled from its partnership Thursday. In a memo to all Chadbourne partners, Campbell sought to avoid such a fate, which came after 70 partners voted in favor of her exit. She was the only dissenting vote.
"A bunch of the anti-Mexico rhetoric that you heard from the president has now faded," says King & Spalding's James Bowe.
Anton “Tony” Valukas, a longtime partner and leader of Jenner & Block, will step down as chairman at month’s end. Valukas, one of The American Lawyer’s Lifetime Achievers, will not be replaced in the honorary role but remain a senior partner at the Chicago-based Am Law 100 firm.
Law school administrators say concerns are growing from foreign students about how the myriad immigration and travel policies emerging from Washington could impact their plans to obtain LL.M degrees in the United States.
Oblon, McClelland, Maier & Neustadt, a suburban Washington, D.C.-based IP firm, has hired partner Alexander Hadjis from Cadwalader, Wickersham & Taft, which he joined in early 2014 from Morrison & Foerster. Hadjis headed Cadwalader’s International Trade Commission group and co-chaired the firm’s technology industry practice.
Patrick Sinclair is the latest former federal prosecutor to wind up in the Hong Kong office of a U.S. firm.
A federal judge in Manhattan on Monday declined to temporarily block Chadbourne & Parke’s partnership from voting to expel Kerrie Campbell, a partner in Washington, D.C., who is leading a $100 million gender discrimination action against the firm.
A study by ALM Intelligence found that women are better represented in niche legal fields such as immigration and family law, but underrepresented in top-tier Big Law practice areas like corporate and litigation. Female talent is also underrepresented in states with large law school talent pools, according to the analysis.
Sanford Heisler said outgoing Tennessee federal Judge Kevin Sharp will expand the firm and help it trade blows with Chadbourne & Parke in a $100 million sex bias suit.
The world’s largest law firm by head count asked several U.S.-based partners to leave after it failed to meet its 2016 budget, multiple sources said.
O’Melveny & Myers has hired Irwin Raij, co-chair of the sports industry team at Foley & Lardner in Miami, New York and Washington, D.C., as a partner and co-chair of its sports industry group. The addition of Raij is the latest lateral recruit by O’Melveny in the sports space this year.
What do security software, ski resorts and casual dining chains have in common? Skadden, Arps, Slate, Meagher & Flom, which got the first quarter of 2017 started by snagging roles on three notable M&A deals. Alas, the firm was shunted aside by Latham & Watkins on another major transaction for film studio Metro-Goldwyn-Mayer Inc.
A federal appeals court has reinstated a fraud lawsuit against K&L Gates and two of its former partners alleging that the attorneys exploited their past representation of a publishing executive to undermine his efforts to acquire assets from a bankruptcy sale.
When news broke Thursday of Dan Rooney's death, the National Football League community mourned the loss of one of its great icons. For Buchanan Ingersoll & Rooney, the loss of the Pittsburgh Steelers' chairman at 84 marked the passing of a longtime client and friend, as well as an innovator for workplace diversity.
Plaintiffs lawyers from Robbins Geller Rudman & Dowd discuss the road to the settlement they reached with Trump U.
When it comes to relationship man¬agement, many firms fail to con¬sider the value client involvement can bring to key business processes such as succession planning or cli¬ent team transitioning.
The bankruptcy filings this week of global IT consultancy Ciber Inc. and a pair of medical device makers have left several big firms holding the bag. Ciber owes thousands in unpaid legal fees to Polinselli, while Duane Morris, Simpson Thacher & Bartlett and two California firms are listed as unsecured creditors another Chapter 11 case.
Being bumped from an airplane is a raw deal. Sitting on a jury is way worse. What could be done to change that? Fair pay.
Judges are public figures, problem-solvers and make life-or-death decisions—all of which can make it difficult to seek help with depression or other mental health issues.
A longtime partner who was de-equitized before the firm's collapse can't collect more than $1 million in back pay because he was still technically a shareholder, the Ninth Circuit ruled this week.
In its latest hire of a former federal prosecutor in the Obama administration, Debevoise & Plimpton has hired Winston Paes as counsel for its white-collar defense and regulatory group in New York. Paes leaves the U.S. attorney's office in Brooklyn on the eve of its high-profile securities fraud trial of ex-Katten Muchin partner Evan Greebel.
Lawyers for a 76-year-old Atlanta lawyer accused of stealing from a longtime client say he suffers from dementia and scans show a "black hole" in an area of the brain that affects judgment and personality.
Having finally opened a New York office almost a year ago, the Silicon Valley stalwart has hired Foley & Lardner partner Jeffrey Greene to bolster its base in the Big Apple. Greene served as vice chair of his former firm’s department.
Kerrie Campbell, who is leading a gender bias suit against Chadbourne & Parke, claims that the firm's planned planned vote next week on her expulsion from the partnership is part of an effort to punish her for bringing the putative class action case.
The two Wall Street firms are advising this week on a pair of initial public offerings by Brazilian airline Azul SA and Latin American e-commerce giant NetShoes Ltd. that have raised nearly $800 million for both companies and generated millions in legal fees.
In the latest of a series of closures involving the global legal giant's international network, DLA Piper is shutting its doors in Canberra.
Thirteen years after suing the Palestine Liberation Organization and the Palestinian Authority—and winning a $655 million jury award in 2015—the American victims and estates of victims of a series of bombings and shootings in Israel are asking the justices to overturn a federal appeals court decision that jettisoned them out of court.
Littler Mendelson lists its "flextime" attorneys right on its website.
A recent Bloomberg Law/Legal Marketing Association report examined how firms are using and plan to use technology for business development.
The attorneys, which include civilian and JAG lawyers, say they are forced to work in conditions that expose them to carcinogens while defending a client from the death penalty.
For U.S. and international law firms in Moscow, soured geopolitics are making a bad business situation worse.
The Chicago-based Am Law 100 firm had a 2016 to remember, as gross revenue rose 15 percent and profits per partner soared nearly 14 percent, helping Kirkland & Ellis break financial records.
After making cutbacks to its equity partnership last year, Shearman & Sterling has recruited two corporate equity partners to its ranks in the Big Apple. One new addition is returning to the firm after a nearly two-year stint at Bridgewater Associates LP, the world’s largest hedge fund.
One is a partner at Mayer Brown; another is a partner at Reed Smith. Both are adamant about helping LGBT lawyers thrive in the profession.
Jackson Lewis' workthruIT site serves as a digital tool suite for general counsel, HR and employers for workplace-related issues.
Reed Smith is opening a Miami office with an international arbitration practice picked up from the Miami-based boutique firm Astigarraga Davis. The Astigarraga firm is splitting up, but more than half its lawyers will continue to work together at a new firm.
Adams and Reese has landed a 10-lawyer financial services team from Baker, Donelson, Bearman, Caldwell & Berkowitz to open an Atlanta office and another in Fort Lauderdale.
A former Baylor University football official is dropping his libel suit against the university and Pepper Hamilton, but his claims may not be gone forever.
Almost a year after acquiring a New York-based litigation boutique, the newly-minted Boies Schiller Flexner has absorbed Los Angeles-based litigation firm Caldwell Leslie & Proctor. The move comes amid a restructuring at Boies Schiller that has resulted in several partners leaving the firm as it re-focuses itself on high-end litigation work.
Shearman & Sterling's report on the Wells Fargo sham-accounts scandal didn't hold any punches. And the bank's law department didn't escape scrutiny. The report found the law department "did not appreciate that sales integrity issues reflected a systemic breakdown in Wells Fargo's culture and values and an ongoing failure to correct the widespread breaches of trust in the misuse of customers’ personal data and financial information." Wells Fargo CEO Tim Sloan said the report provides a new opportunity to "learn from our mistakes."
Based on what I've seen, many if not most lawyers (except for the junior ones) work wherever they want.
In a new suit, eSentio Technologies accuses HBR Consulting of derailing its bid for document management work from Akin Gump and King & Spalding.
Alvaro Gomez de Membrillera Galiana, a corporate partner at Simpson Thacher & Bartlett in London, has agreed to join Paul, Weiss, Rifkind, Wharton & Garrison in the city.
The good times are rolling again for New York's elite law firms.
The tech bubble may have burst more than 15 years ago, but large law firms are still taking equity stakes in startup companies that they help bring to market.
He was not quite Whitey Bulger, but federal prosecutors in Boston announced Friday the arrest in Florida of Scott Wolas, a disbarred lawyer accused of perpetrating a $1.5 million real estate investment fraud in Massachusetts. Wolas, booted from Hunton & Williams in 1995, has been on the run for two decades.
A federal prosecutor in the securities fraud case against pharmaceutical executive Martin Shkreli and his ex-counsel Evan Greebel accused the defendants on Friday of strategically “ramping up” the animosity between them in an effort to sever their cases.
Weil, Gotshal & Manges, no stranger to big bankruptcy fees, has disclosed how much it was paid by Westinghouse Electric prior to the nuclear energy company's recent Chapter 11 filing. The Trump administration and Japanese government are seeking to avert a sale of Westinghouse—owned by Toshiba Corp.—to Chinese buyers.
Employment in the U.S. legal sector took another hit in March, with the industry losing 1,500 jobs, according to preliminary data released Friday by the U.S. Department of Labor.
The final round of arguments in the U.S. Supreme Court this month will give soon-to-be Justice Neil Gorsuch opportunities to reveal how he would deal with a range of issues, including government support of religious institutions and requirements for securities and product liability claims.
An Illinois realtor who accused the former House speaker of misusing federal funds bombed with U.S. District Judge Charles Cocoas, who dismissed the suit on Thursday.
A five-lawyer public finance group from Winston & Strawn has joined Katten Muchin Rosenman's New York office as the firm looks to expand its practice presence nationwide. James Normile, one of the partners making the move, is leaving an office he joined 30 years ago from now-defunct Finley Kumble.
Jackson Lewis has brought on litigation partner Kristopher Badame in Irvine, California, from his own plaintiffs’ shop in nearby Lake Forest. Badame, who coaches amateur hockey in his spare time, will transition his practice to doing corporate defense work at his new firm.
Having just opened an office in Sacramento, Buchalter sought this week to grow its new outpost in California's capital by recruiting a team of lawyers from LeClairRyan.
Preet Bharara said he refused to resign when asked to do so last month to make sure the record reflected that President Donald Trump changed his mind and decided to fire him as U.S. Attorney for the Southern District of New York.
Now that Mary Jo White is out of government and back at Debevoise, her husband John White has returned from equity exile at Cravath.
Vinson & Elkins represents Sunoco LP in its pending $3.3 billion sale of more than 1,000 convenience stores, some in Texas, to 7-Eleven, which turned to Akin Gump Strauss Hauer & Feld.
"I have 116 lawyers at this firm. They need to feed their families," says Steve Susman.
Who knew the vice president was such a lustful rascal?
Seven months after slapping a $100 million gender bias suit against Chadbourne & Parke, litigation partner Kerrie Campbell in Washington, D.C., could finally be on the outs. The firm said Wednesday that a partnership vote would determine her future at Chadbourne.
From Akin Gump to Wilson Sonsini, law firms are protesting the principle that bankruptcy trustees can claw back profits from client matters that partners take with them from defunct firms.
In response to a former associate's lawsuit over bonuses, Obermayer Rebmann Maxwell & Hippel is countering that its associate bonuses are discretionary, and the credits it uses to calculate bonuses don't amount to "tangible" property.
Corporate legal departments pushing for greater diversity in outside counsel are also taking steps to improve diversity in-house. Adobe Systems Inc.'s general counsel is among those involved.
Led by a strong wave of cross-border combinations, law firm merger activity in the first quarter of 2017 continued to accelerate as legal services shops gained growth and market share through acquisitions, according to reports by legal consultancies Altman Weil Inc. and Fairfax Associates.
A Citibank analysis of results for the second half of 2016 shows that firm leaders' expectations were too optimistic.
Armstrong Teasdale, Kirkland & Ellis, Munger, Tolles & Olson and Canada's Osler, Hoskin & Harcourt are advising Payless ShoeSource Inc., as the Topeka, Kansas-based shoe retailer filed for bankruptcy Tuesday in St. Louis and announced plans to shutter 400 stores.
Marshall Dennehey Warner Coleman & Goggin, a 482-lawyer firm with Philadelphia and New York roots, has formed a global insurance network with firms in Canada, Spain and the U.K. The move comes more than two months after insurance industry rival Wilson Elser Moskowitz Edelman & Dicker launched its own international network.
A team of technology transactions partners at Weil, Gotshal & Manges in Silicon Valley led by M&A rainmaker Richard “Rick” Climan are poised to join Hogan Lovells. But the group is still listed on Weil’s website and it remains unclear when their notice period will expire.
Jay Edelson, founding partner of Edelson PC, called the complaint filed by a litigation foe "an attempt to do some late-in-the-game damage control" and promised an aggressive response.
Does the dearth of women at the top stem from fear of rejection? Not exactly. After a botched interview or a unflattering review, they're less likely to try again.
Firms are ranked on both the number and value of the deals handled in specific transactional areas, including Asset-Backed Securities, Bankruptcy, Equities, High-Yield Debt, Investment-Grade Debt, IPOs, Mergers & Acquisitions, Mortgage-Backed Securities, Municipal Bonds, Private Equity, Project Financing, REIT Debt, and REIT Equities.
The American Lawyer's Corporate Scorecard tracks the transactional practices of leading firms. See below for details on how the rankings are assembled; click here to return to the 2017 Corporate Scorecard.
The firm is taking on three attorneys, including the name partner, from Handal & Associates.
Atlanta police announced Tuesday afternoon that a Roswell man was in custody in connection with the shooting death of Trinh Huynh, who arrived as a child refugee from wartorn Vietnam, grew up in Georgia and dedicated herself to the Atlanta legal and immigrant community.
Michael Cohen, a personal lawyer to President Donald Trump who started his own firm two weeks ago, has agreed to form a strategic alliance with global legal giant Squire Patton Boggs.
Advanced discussions on a potential combination between Crowell & Moring and Herrick, Feinstein have ended, both firms announced in a joint statement Monday evening.
The firm's key financial metrics grew by less than 3 percent.
The merger of Arnold & Porter and Kaye Scholer and the pending deal between Norton Rose Fulbright and Chadbourne & Parke present some unique challenges, contributor Hugh A. Simons writes.
One of the world's largest independent oil exploration and production companies is bidding adieu to Canada's massive oil sands. Three leading Canadian firms and a pair of Am Law 100 shops have grabbed lead roles on a $13.3 billion deal by Houston-based ConocoPhillips' to unload the bulk of its assets up north.
Want to know what Jones Day's biggest names made last year? How about partners at other major firms? The White House's staff financial disclosures, released over the weekend, offer rare glimpses inside the wallets of some of Washington's most well-known lawyers. We've highlighted details from 12 lawyers' disclosures.
San Francisco-based Altshuler Berzon and Sidley Austin were among a dozen outside law firms to have received payments in 2016 from the Major League Baseball Players Association. The labor union, one of the most powerful in professional sports, disclosed the fees in an annual Labor Department filing.
Before Stewart Dolin's suicide in 2010, he told his therapist he felt inadequate as a Reed Smith practice leader. It's a feeling therapists say that lawyers, as a group, often struggle with, especially following mergers. But Big Law has a zip-lipped culture when it comes to mental health concerns.
With firms opening Dallas offices and laterals moving from firm to firm, the Dallas legal market is in play in 2017.
DLA Piper's international expansion spree continued Friday as the legal giant announced a tie-up with 150-lawyer Danish firm LETT. The local shop will be absorbed into DLA Piper’s Nordic verein.
Don’t rely on the Trump administration to help solve the growing student debt crisis, says columnist Steven J. Harper.
Dechert has revamped its talent and diversity leadership, bringing in two Big Law veterans to lead lawyer development and diversity initiatives.
"Americans deserve a president of undivided loyalty," the Wallace Global Fund told Morgan Lewis' leader. "Your firm has denied them that."
Covington & Burling is bulking up its patent practice on both coasts by recruiting two former judges with the U.S. Patent Trial and Appeal Board.
An investment funds group from Stroock & Stroock & Lavan led by Stuart Coleman, the firm's former co-managing partner and chair of its investment management practice, is peeling off for Proskauer Rose.
A Canadian man accused of stealing more than $23 million from more than 100 lawyers, including some in Pennsylvania, has been convicted of conspiracy to commit mail fraud, wire fraud and money laundering in the U.S. District Court for the Middle District of Pennsylvania.
A defense lawyer for Reza Zarrab confirmed the attorneys' involvement in response to a court order but said details of the representation are confidential.
Kasowitz, Benson, Torres & Friedman is now just Kasowitz Benson Torres. Name partner David Friedman left the firm to become the new ambassador to Israel under the Trump administration. The name change comes as the firm reports a down year in 2016.
Debevoise & Plimpton saw its gross revenue, profits per partner and revenue per lawyer and head count drop in 2016. The firm started off 2017 by bringing back former partner and litigation leader Mary Jo White as senior chair.
Commercial litigation finance is a growing industry. But when it comes to the people who laid its foundations and those who are propelling the business today, it is an exceedingly small and interconnected world. Many key figures trace their roots to elite law firms or Wall Street institutions.
Government contract boutique Nichols Liu, led by ex-Covington partner Robert Nichols and other law firm and federal agency alums, made its formal debut this week.
A small Houston construction firm seeks damages from John and Jane Doe, alleging in a lawsuit that they authored false and defamatory reviews on various online websites.
Ballard Spahr, Faegre Baker Daniels, Krieg DeVault and several other firms are advising the U.S. governing bodies for hockey and gymnastics, both of which are dealing with major legal matters that could affect their future.
Mintz Levin credits strong lateral hires and a focus on collaboration across practice areas and offices.
Skadden is advising Japan's Toshiba Corp. on its decision to put its Pittsburgh-based Westinghouse unit—advised by Weil, Gotshal & Manges—into bankruptcy in New York. The Chapter 11 filing comes a month after Toshiba took a $6.3 billion write-down on cost overruns for Westinghouse, a major player in the U.S. nuclear power industry.
Squire Patton Boggs edged total revenues closer to the $1 billion mark and boosted average partner profits to nearly $1 million in 2016, in what global managing partner Steve Mahon called the firm's "best year ever."
Lawyer billing rates in the South Florida market grew more slowly than in most large markets through 2015 and a larger percentage of the work went to smaller law firms than it did in larger cities
The global legal giant has established another cooperation agreement in Latin America with Peru's Pizzaro, Botto & Escobar. The 40-lawyer firm will now be known as DLA Piper Pizarro Botto Escobar in Lima.
Hogan Lovells is poised to hire a high-profile technology transactions team in Silicon Valley from Weil, Gotshal & Manges led by partners Richard 'Rick' Climan, Keith Flaum, Jane Ross and John Brockland. The quartet headed to Weil five years ago ahead of the collapse of Dewey & LeBoeuf, which they joined from Cooley in 2009.
A new aviation and aerospace practice is ready for launch at Jenner & Block. The Chicago-based Am Law 100 firm has hired three new leaders of the practice from Crowell & Moring and United Airlines Inc.
William Uchimoto, a former partner at Buchanan Ingersoll, Saul Ewing and Stevens & Lee, says the only one guilty of misconduct in his case was the SEC.
Companies and firms are dealing with lawyers' social media use on a case-by-case basis, leading to uncertainty, in-house and outside counsel say.
EpiPen maker Mylan N.V. announced Tuesday that Daniel Gallagher has been appointed chief legal officer, effective April 17. Gallagher served as a commissioner of the U.S. Securities and Exchange Commission from late 2011 to late 2015. He previously held various staff roles at the agency, including as counsel to two commissioners.
Almost 60% of partners think Deutsche Bank’s plan to stop paying panel law firms for work carried out by junior lawyers is unreasonable, according to a new survey.
Wilmer Cutler Pickering Hale and Dorr pruned attorney head count but kept revenue stable last year, as high-profile clients from Washington, D.C., to California turned to the firm to keep regulators and courtroom adversaries at bay.
How to use gamification for business development.
Enough outside law firms to represent nearly every position on a football field grabbed roles Monday on a deal to relocate to Las Vegas the National Football League's Oakland Raiders. In a 31-1 vote, NFL owners approved the team's move that will involve a record-setting sum of public money.
Randolph Adler Jr. and Michael Chung, once a pair of laid off Skadden associates, merged their own boutique with Dentons in 2015. Now the duo are leading a six-strong team decamping Dentons for Fox Rothschild, where Adler will co-chair the firm’s emerging companies and startup group. In the end, a global platform just didn’t matter.
It's time to submit your entry for The American Lawyer's Global Legal Awards, which recognizes the best cross-border work of the year.
While some large law firms are cutting back on their intellectual property practices, California-based Knobbe, Martens, Olson & Bear is in expansion mode. The IP-focused firm, which saw its gross revenue rise to $220 million in 2016, is preparing to move five lawyers to a new office in New York.
Hourly rates are rebounding strongly from the post-recession doldrums and Big Law is leading the way in capturing more money for their time. Nonetheless, overall demand for lawyers’ time continues to fall, according to an analysis released Monday of actual legal invoices from nearly 100 companies.
Akerman associate Dale Noll assumed the helm as president of the National LGBT Bar Association this month.
This is not a press release. Kirkland & Ellis, Latham & Watkins and Graubard Miller are advising on the $2.4 billion sale of public relations software and technology firm Cision Inc., owner of products like PR Newswire, Gorkana and Help a Reporter Out. The deal will see Cision go public after combining with a blank check company.
Radical change is not easy to pull off at large or even midsize firms, which often are weighed down by bulky staffs, layers of bureaucracy and decades of tradition.
A federal appeals court on Friday rejected an attempt to loosen restrictions on private investment in the legal industry, dismissing arguments that ethics rules impinge on lawyers’ First Amendment rights.
Three current and former female partners seeking certification of a gender bias class action against Chadbourne & Parke saw the firm file its response opposing that motion late Thursday. Chadbourne’s managing partner Andrew Giaccia and retired partner Mary Yelenick, who is among those suing the firm, also both filed court papers in the case.
Reginald Brown, chairman of Wilmer Cutler Pickering Hale and Dorr's financial institutions group and head of the firm's congressional investigations practice, has been retained by President Donald Trump's former top campaign adviser Paul Manafort Jr. as he prepares to answer questions about his alleged ties to Russia.
Houston trial and intellectual property firm sued former lawyer Erik Osterrieder, alleging he took confidential client information and stored it "off-site" at his private firm.
Here are some of the congressional attorneys playing a role in the health care legislation efforts, representing both parties, both chambers and various committees. They include Kim Brandt, chief oversight counsel, Senate Committee on Finance; Nick Bath, health policy director, Senate Committee on Health, Education, Labor and Pensions (HELP); Mike Bloomquist, deputy staff director House Committee on Energy and Commerce; Karen Christian, general counsel, House Committee on Energy and Commerce; Allison Halataei, general counsel, House Committee on Ways and Means; and Jane Lucas, legislative director for Sen. John Thune, R-South Dakota.
Fending off questions about his lucrative law practice and potential conflicts of interest, Jay Clayton, the Sullivan & Cromwell partner who was nominated to lead the U.S. Securities and Exchange Commission, on Thursday defended his private sector experience as an asset and said he was "committed to showing no favoritism to anyone in this position."
The 320-lawyer firm reported $353 million in gross revenue, a 6 percent increase over the $332 million that it posted in 2015. Revenue per lawyer also rose to $1.1 million.
Fox Rothschild is installing a half-dozen new office managing partners, including in the firm's largest offices, effective April 1.
The firm, in the midst of a major revamp of its office space around the country, saw a continued increase in all major financial metrics in 2016.
Cozen O'Connor's expanding Miami office has hired three additional litigators: two long-time White & Case lawyers and a third who is a law school classmate of one of the hires, and the son of the other.
Steven Witmer, an employee benefits and executive compensation partner at Ivins, Phillips & Barker, has returned to the firm’s Los Angeles office after joining Morgan, Lewis & Bockius in a three-partner lateral move in January. Two of the partners that moved with him have chosen to remain with Morgan Lewis in Washington, D.C.
A recent disqualification ruling found that neither Kasowitz, Benson, Torres & Friedman nor DLA Piper should be representing their respective clients in a contract dispute both sides had conflicts of interest.
Responding to legal threats by Detroit Mayor Mike Duggan, Jones Day's managing partner vigorously defended the firm’s work on behalf of the Motor city and called its top elected official a "political hack."
The film finance vehicle of Boies Schiller Flexner's David Boies and the son of a fellow co-founding partner of the firm has filed a fraud suit against a Florida investor over the 2016 film “Jane Got a Gun.”
In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?
Last year's big merger with a Wisconsin firm translated into big revenue gains for Husch Blackwell.
A recent investment in artificial intelligence-enabled legal research technology signals law firm acceptance and adoption of such technology.
Psychiatrist David Healy has railed against GlaxoSmithKline and other pharmaceutical firms' clinical studies for years. Despite GSK's lawyers' best efforts, he did so again in Chicago this week as an expert in a trial over the 2010 suicide of a former Reed Smith practice leader.
DLA Piper is pulling out of the former Soviet republic of Georgia, with rival global legal giant Dentons poised to take on all of the firm's 11 lawyers in Tbilisi.
A Louisiana man, injured in an offshore platform accident in 2014, seeks more than $1 million from Houston plaintiffs firm and two lawyers.
Atlanta-based Alston & Bird has scooped up financial services litigator Michael Agoglia from Morrison & Foerster and a seven-lawyer class action defense team led by Robert "Bo" Phillips Jr. from Reed Smith to open a San Francisco office and expand its Los Angeles office.
Paul Manafort Jr., a lawyer and former top campaign adviser to President Donald Trump, is once again in the spotlight. Hacked text messages involving one of his children, an ex-associate at Skadden, Arps, Slate, Meagher & Flom, are revealing more details about his work in Ukraine and the firm's role for one of his key clients.
A pair of investment funds partners are on the move in New York. McDermott Will & Emery has hired Fried Frank partner Ian Schwartz to head its investment funds group, while Reed Smith added King & Wood Mallesons partner Parik Dasgupta, an international investment funds pro who re-joins dozens of former colleagues at the firm.
Arent Fox has kept up a growth streak that few other Big Law firms can match.
Deutsche Bank's decision not to pay newly qualified lawyers in London is the first apparent instance of a U.K. client adopting the trend long seen in the United States.
Meital Stavinsky joins Holland & Knight as co-chair of its Israel practice.
The Houston-based firm's profits per partner exceeded the $2 million mark in 2016.
Saul Ewing, Skadden, Morgan Lewis and Morrison & Foerster have landed roles on the latest batch of big bankruptcies in the oil and gas sector. The prolonged economic slump in the energy industry also has other firms on the opposite side of the Chapter 11 ledger.
The global legal giant will close its small office in Berlin on April 3 after a team departs for British firm DWF.
A Menlo Park company is trying to find a better way to bring GCs and outside counsel together, but some GCs remain reluctant about the idea.
After ticking upward in 2015, Morrison & Foerster saw its financial performance slide last year. Gross revenue at the firm fell 3.5 percent, to $945 million, as revenue per lawyer and profits per partner also dropped to $990,000 and $1.41 million, respectively.
It was another big deal week for Skadden, Arps, Slate, Meagher & Flom, which scored roles on Intel’s $15.3 billion acquisition of self-driving company Mobileye NV and Wenner Media on its $100 million sale of Us Weekly to American Media Inc., owner of the National Inquirer.
Admissions officials who have seen an increase say that a Trump effect is contributing to greater interest in the law, from both his supporters and those who oppose his policies.
Stewart Dolin, a leader of Reed Smith’s corporate department, committed suicide in 2010. His widow seeks $12 million for his death, alleging it was the result of an antidepressant whose suicidal side effects were covered up by GlaxoSmithKline. The pharmaceutical giant claims that Dolin’s death was the result of an unpleasant work environment.
A close partnership, a mob trial, and the anatomy of a breakup for Eizen, Fineburg & McCarthy.
A pair of legal giants—Baker McKenzie and Jackson Lewis—are joining the rush of Am Law 100 firms touting programs that permit their employees to work from home, while also presumably helping their employers shed some costly office space in the future.
A key witness in the criminal retrial over the collapse of Dewey & LeBoeuf told a New York jury Friday that he never discussed improper accounting adjustments with former Dewey executive director Stephen DiCarmine.
The South Carolina-based firm has opened an office in Gardena, California, a city just south of downtown Los Angeles, after hiring a new local managing partner in Richard Otera, most recently general counsel at Sumitomo Electric Industries Ltd. Three other partners have also joined the firm’s first outpost on the West Coast.
William Barr, a former U.S. attorney general under President George H.W. Bush, has returned to Kirkland & Ellis as of counsel in Washington, D.C. The move was not announced by Kirkland, but Caterpillar Inc., which recently hired Barr and the firm to advise it in an investigation.
2017 has arrived with a bang: expenses are back on the rise and demand growth is trending negative. Last year in the March issue of this publication, we hypothesized what the results of the 2016 Mattern & Associates Cost Recovery Survey would reveal. With the results tabulated, let's see how accurate our predictions were as well as analyze the results.
Choate Hall & Stewart reported record-high revenue and profit in 2016 and its revenue per lawyer is now among the highest of any law firm based in the U.S.
Nearly nine out of 10 midsized Los Angeles law firms were approached in the past year by another firm looking to merge, according to a survey by legal consultancy the Zeughauser Group. Almost half of those firms are open to the possibility of a combination.
The two Am Law 100 firms are advising separate sides of a dispute over wages between the U.S. women’s national hockey team and USA Hockey Inc. ahead of a major tournament later this month.
As the Dewey & LeBoeuf criminal retrial continued Thursday, a lawyer for former Dewey chief financial officer Joel Sanders pressed a key witness about changes to his cooperation and plea agreement after an earlier trial ended with a hung jury in 2015.
Fast-growing Wilson Elser has opened an Atlanta office—its first in the Southeast—with a six-lawyer team from Gordon & Rees led by Jeffrey Melcher.
This Big Law associate is a mysterious blogger on a mission to prevent young lawyers from falling prey to their own lousy money management.
Jones Day, a firm with close ties to the current U.S. president, saw its offices in Germany raided Wednesday by local prosecutors investigating its client, Volkswagen AG, as part of a probe into an emissions software scandal at the auto giant.
Evolve Law CEO Mary Juetten explained at the ABA Tech Show how law firms can employ metrics in improving their client services.
If anyone knows what it takes to be a successful divorce lawyer it's Eleanor Alter.
Even with cost-conscious clients keeping industrywide demand in check, Duane Morris edged forward in 2016, hitting new highs for revenue and profits per equity partner.
After lawyers for Alphabet Inc. subsidiary Waymo balk at providing confidential documents, Judge William Alsup promises to vet an Uber in-house attorney for access.
Robert Schulman, who joined the firm in 2015 from Hunton & Williams, has been convicted of insider trading in New York for passing on a tip related to Pfizer Inc.'s $3.6 billion acquisition of King Pharmaceuticals Inc.
Linda Goldstein, the former head of the advertising, marketing and new media practice at Manatt, Phelps & Phillips, has left the firm's New York office for Baker & Hostetler. She brings with her Manatt partner Holly Melton.
The global legal giant, having just absorbed firms in Costa Rica and the Netherlands, is slashing 60 jobs in the U.S. and up to five lawyer jobs in the U.K. in order to streamline its operations.
Brent McIntosh, co-leader of Sullivan & Cromwell's cybersecurity practice, was nominated on Tuesday to lead the U.S. Treasury Department's general counsel office. McIntosh joins a team of other attorneys from the firm who have taken or been nominated for key posts in the Trump administration.
Ubiquitous news of law firm data breaches, even among BigLaw, spotlights a treasure trove of trade secrets, confidential and strategic transactions, and sensitive client information. No wonder law firms are perceived to be attractive targets of cyber-attacks. Attractive? You can't help that. Easy? Not so fast.
Mary Yelenick, a former chair of Chadbourne & Parke's products liability group who last month sought to join a $100 million gender discrimination case against the firm, has filed a declaration with a federal court in New York detailing her claims and criticizing the firm’s methods for compensating partners.
Burford Capital Ltd. announced another banner financial year Tuesday, with profit after tax rising 75 percent from the year prior as the publicly traded litigation funder committed $378 million to new investments, a yearly increase of 83 percent.
Perkins Coie posted solid financial growth in 2016, with gross revenue edging up 4.3 percent to $781 million while profits per equity partner grew by 7.3 percent to just less than $1.2 million.
Boies Schiller Flexner, in the process of winding down its corporate practice, will see the bulk of those lawyers head to Paul Hastings in New York.
Pierce Sergenian, a Los Angeles-based firm formed in January by John Pierce, a short-lived litigation leader at K&L Gates, is expanding by hiring a Kirkland & Ellis partner and an of counsel from Quinn Emanuel Urquhart & Sullivan.
Former Dewey & LeBoeuf finance director Francis Canellas, a key witness in the long-running criminal case over the firm's collapse, told a New York jury on Monday that the now-defunct firm failed to tell lenders about its struggles to pay vendors and partners in the years before its 2012 bankruptcy.
In the first deal of its kind, Burford Capital Ltd. is poised to make a 91 percent return on its $26 million purchase of a portion of a bankruptcy judgment. Burford will likely collect $50 million after an appeals court affirmed the $213 million judgment the litigation funder bought into.
The decline in gross revenue was caused entirely by currency exchange rates and did not reflect what the firm called a "very solid" year.
Hogan Lovells’ Neal Katyal, counsel to Hawaii in the case, says “We want everyone to be able to read our work.”
The Chicago-based Am Law 100 firm will shutter its outpost in Rome later this year, a decision that will likely result in the loss of 38 jobs, including 17 lawyers, eight of whom are partners.
Skadden, which has billed SunEdison Inc. for more than $38.4 million in legal fees and expenses since the start of the solar energy giant’s Chapter 11 case last year, is advising the company on the $1.41 billion sale of two key subsidiaries. The firm is also advising a major Hollywood talent agency on another notable deal.
Morgan, Lewis & Bockius recently announced the implementation of a new policy allowing some of its associates in the U.S. and U.K. to work from home. Other large law firms have similar programs, and while they have been credited for improving workplace morale, some lawyers would be well-served to heed potential red flags.
Southern District U.S. Attorney Preet Bharara is out of a job. Bharara, who was told he would keep his position during a meeting with the President-elect at Trump Tower in midtown Manhattan in November, announced via his personal Twitter account that he was fired just before 3 p.m. Saturday. "I did not resign," he said in the tweet. "Moments ago, I was fired. Being the US Attorney in SDNY will forever be the greatest honor of my professional life."
A key witness in criminal case over the 2012 collapse of Dewey & LeBoeuf testified Friday that he facilitated improper accounting adjustments and took steps to hide them from auditors after discussing the adjustments with former Dewey CFO Joel Sanders.
A case for why firms should increase their partner compensation spreads and how they can go about doing it.
A trend in which legal departments are cutting the number of law firms that handle outside legal work does not appear to be slowing, according to a new study.
In Asia, the 648-lawyer firm saw several departures across offices last year, but chair Brad Butwin says his firm remains committed to the region.
A traumatic departure of more than 20 partners and a $32 million contingent fee earned in 2015 conspired to send gross revenue plummeting to $222 million at Schiff Hardin last year.
A group of more than 150 leaders of U.S. firms sent a letter today to the Office of Management and Budget, asking for continued funding for the Legal Services Corp.
The firm landed Travis LeBlanc, a former chief of the FCC's enforcement bureau, as a partner in Washington, D.C., and Palo Alto, California, where Boies Schiller Flexner has also hired Kathleen Hartnett, another ex-government lawyer who spent the past five years handling some controversial matters in the Obama administration.
I am truly sorry that so much of the news and gossip, even in our little world of law, is about Donald Trump.
Mayer Brown's gross revenue inched up in 2016, to $1.26 billion, while its lawyer ranks ballooned 5.2 percent. The firm's equity partnership also grew by 3.1 percent last year.
Testimony from star witness Francis Canellas wasn’t enough to secure convictions against Dewey's leaders in 2015. Will prosecutors fare better this time?
Orrick, Herrington & Sutcliffe saw its head count rise in 2016, although the size of its equity partnership fell. The mixed bag extended to the firm's financials, as gross revenue grew, although profits per partner and revenue per lawyer both declined.
The Chicago-based firm, well-known for its commitment to pro bono work, saw its financial performance level off in 2016 as gross revenue dipped and head count spiked following three years of strong financial growth.
Benefitting from a client roster that includes big banks, British Airways and Volkswagen AG, longtime Sullivan & Cromwell partner Jay Clayton raked in $7.6 million in the year leading up to his nomination to lead the U.S. Securities and Exchange Commission.
Isaac Lidsky, who in 2008 became the first blind U.S. Supreme Court law clerk, writes in a new memoir that working for a Big Law firm after his clerkship felt like trading in a “legal joyride” for a job as a corporate chauffeur.
Greenberg is last of four law firms to settle a legal malpractice suit filed in 2009 by Dyadic International.
Judge appoints retired federal judge to conduct probe of fee requests from Labaton Sucharow, Lieff Cabraser Heimann & Bernstien and Thornton Law Firm.
Kaye Scholer's financial performance took a remarkable beating in its last year as an independent law firm. But managing partner Michael Solow called the 2016 declines a natural result of strategic pruning ahead of the firm's merger with Arnold & Porter at year's end.
Pepper Hamilton has announced the creation of a health sciences department, bringing together more than 110 attorneys from its health effects litigation, health care, life sciences, intellectual property and white-collar/government investigations practices with the goal of better serving its clients in the health sciences industry.
Starting in the fall, it will permit applicants to use the test as an alternative to the LSAT.
Fried, Frank, Harris, Shriver & Jacobson had what global chair David Greenwald described as its best ever year in 2016, with the firm posting record numbers across all key metrics.
A larger Seyfarth Shaw was able to grow its top and bottom lines in 2016, as gross revenue rose nearly 6 percent, to $623.5 million, while profits per partner bumped up nearly 3 percent, to $1.05 million.
The firm, having broken off merger talks with Chadbourne & Parke more than a year ago, saw improvement in several key financial metrics in 2016. While the number of equity partners dropped at Pillsbury Winthrop Shaw Pittman, the firm saw gains in gross revenue, partner profits and revenue per lawyer.
Despite efforts to boost diversity, men still outnumber women more than five to one when it comes to running global practices at the UK’s top law firms. Here, Legal Week speaks to some of those who have made it about how they achieved success, the reality of their roles and their advice to the next generation.
About 100 lawyers and staffers are poised to leave Ropes & Gray within the next few months as the Boston-based Am Law 100 firm prepares to spin-off its patent prosecution practice into an independent firm.
Noel Francisco, a former Scalia clerk, has been the principal deputy SG since late January, and on Tuesday night the Trump White House named him as its nominee for the Senate-confirmed position
Attention, partners and Big Law leaders at newly formed mega-firms. Not to interrupt your post-merger glow, but a report released Wednesday by ALM Intelligence states that most major law firm combinations since 2000 have not resulted in significant growth.
Morrison & Foerster has hired David Newman, a former associate counsel on the National Security Council, as of counsel for its national security, global risk, and crisis management practice in New York. Newman is the latest former member of the Obama administration to join MoFo this year.
Two of the new hires come from Baker & Hostetler, where they specialized in IP.
A Fort Lauderdale bankruptcy attorney who appeared in political ads opposing Donald Trump wants the right to opt out of the settlement deal.
The White House announced the addition of 26 new attorneys, 11 of whom came from major firms.
Blank Rome hit the accelerator in 2016, posting big revenue gains as it added more than 100 lawyers from a failing firm and lured lateral hires from several competitors.
A former McGuireWoods associate is betting he can help legal operations departments make predictions on litigation and spend.
Days after Snap Inc.'s nearly $3.5 billion initial public offering, Orrick, Herrington & Sutcliffe is heading to Santa Monica, where Snapchat's parent company is based.
Orrick lost almost its entire Hong Kong capital markets and corporate practice, which it built up over 11 years, to Morgan Lewis. What will the San Francisco-based firm do now?
Former Niro lawyer David Mahalek represented Intellect Wireless, which was found to have misled the PTO to obtain its patents related to displaying caller ID on wireless phones.
C. Allen Parker, a Cravath, Swaine & Moore partner in New York who has long represented big banks on corporate matters, was named Monday the next top lawyer for Wells Fargo & Co.
It was another day of musical chairs in the capital, with Donald Verrilli bringing another Jenner & Block alum to Munger Tolles, King & Spalding picking up an ex-Florida congressman, a colleague of Sally Yates landing at Linklaters, and the EPA's top lawyer joining Gibson Dunn.
The firm plans to concentrate on efficiency and profitability in 2017.
Bill Jones, former general counsel to Texas Gov. Rick Perry, has joined Barnes & Thornburg in Dallas and Washington, D.C., as a partner in the government services and finance department.
Japan’s SoftBank Group Corp. has continued its frenetic deal pace, brokering a $13 billion merger between satellite operators, investing $3 billion in office-sharing startup WeWork and taking part in a $500 million fundraising round by online lender Social Finance. Morrison & Foerster, a longtime legal adviser to SoftBank, is close behind.
The Richmond, Virginia-based firm, which opened its San Francisco office last year, has hired Chapman and Cutler’s local office leader Peter Szurley. The banking and financial services expert brings with him three other partners.
Christopher Sullivan, a former co-chair of the litigation group and executive committee member at Herrick, Feinstein, has joined Mintz, Levin, Cohn, Ferris, Glovsky and Popeo as a partner in its national litigation practice in New York. His move comes amid merger talks between Herrick and Crowell & Moring.
The story of how the Houston-based law firm was able to pass the mantle to a new generation demonstrates how aging firms can successfully plan for their future.
The deal puts an end to an unusually high-profile clash between a Fortune 100 client and its onetime law firm.
A judge Friday ruled JAMS was not entitled judicial immunity or litigation privilege in an attempt to avoid trial.
Jay Edelson, the charismatic founder of Chicago’s Edelson PC, and Steve Berman, co-founder of Seattle-based plaintiffs powerhouse Hagens Berman Sobol Shapiro, saw different paths for the litigation—and different price tags for settlement.
The counselor to the president isn't getting a fair shake.
Any progress that the Obama administration made to increase accountability in higher education seems destined for Trump’s dustbin.
Labor and employment giants Ogletree and Littler are pursuing different growth strategies, but both involve heavy bets on Europe.
John “Jack” Sheridan, a former co-managing partner of Wilson Sonsini Goodrich & Rosati, is joining Latham & Watkins as a corporate partner in the firm’s emerging companies practice in Silicon Valley.
Akerman, one of Florida's largest law firms, added 33 lawyers to its national total last year and lifted revenues to an all-time high of $349 million.
Kenneth Freeling, a former Dewey & LeBoeuf partner who became of counsel at Covington & Burling in Washington, D.C., died Thursday in New York. He was 59.
While gross revenue remained flat at Nixon Peabody in 2016, profits per partner and revenue per lawyer continued to grow at the firm, which has its roots in Boston and Rochester, New York.
Holland & Knight has landed a four-partner team of commercial lending lawyers from Jones Day, led by Cindy Brazell, in a push to expand both its Atlanta office and its national finance practice.
BCBG Max Azria Group LLC, a high-end women's fashion house struggling with $685 million in debt, has retained Kirkland & Ellis for a bankruptcy filing in New York. The company, which owes more than $781,000 to Winston & Strawn, is the latest retailer to go bust this year.
The Los Angeles-based firm saw declines in several key financial metrics in 2016, as gross revenue, partner profits and revenue per lawyer fell for the second straight year. Despite some big name lateral hires, Munger, Tolles & Olson’s head count also slipped below 200.
On the heels of Reed Smith's 50-lawyer King & Wood Mallesons acquisition in Europe, the firm has added eight lawyers from Winston & Strawn in Paris.
Shares of Snap Inc., the parent company of photo-sharing and ephemeral messaging service Snapchat, surged in their market debut Thursday. Cooley has taken the lead for the company on its initial public offering, one that values the company at $33 billion. The firm holds shares now worth some $11.7 million.
Almost half of the 39 clerks from last term are now working outside Washington, D.C. Possible explanations include greater interest by New York firms, the draw of returning to home, saturation of the D.C. market, and even the 2016 presidential election.
I used to be a very, very minor rock star. Despite my distinct lack of talent as a drummer, our band, Myopic Son, had the opportunity to play Summerfest (the World’s Largest Music Festival in Milwaukee, WI), dozens of colleges, and hundreds of other gigs.
As Seattle University School of Law's first-ever Skadden Fellow, Tarra Simmons enrolled in a J.D. program after a 20-month stint in prison for drug offenses.
Eight partners who quit Herbert Smith Freehills last year to launch White & Case’s new Australia practice will be unable to solicit clients or staff from their former firm until September, according to a decision handed down in the Australian courts earlier today.
Fulfilling the newly-created chief digital officer role at Jackson Lewis, Victor Barkalov chats leveraging IT for legal services.
The Am Law 100 firm, having entertained a number of potential mergers in recent years, saw its gross revenue slip for the third year in a row in 2016. But Bryan Cave's other financial metrics were up.
The route between Chicago and New York is well-trod territory for many Big Law lawyers, with firms from one metropolis finding a way into the other for decades. Add two more to the pile.
After serving time for stealing $10 million from a Russian oligarch, can a former Big Law associate use his story to keep other lawyers from going astray?
With a dig at NY Senator Chuck Schumer, the Gibson Dunn partner torpedoed suggestions that he was in the running to be the next U.S. solicitor general.
Michael Darden, chair of the oil and gas transactions group and co-chair of the oil and gas industry team at Latham & Watkins, is headed to Gibson, Dunn & Crutcher's new office in Houston. Gibson Dunn confirmed in February that it would hire eight oil and gas partners in the city, but declined to name them.
Phil Ivey has been granted permission by the U.K. Supreme Court to challenge a decision by the Court of Appeal.
If the election had turned out differently, Karen Dunn wouldn't be sitting at her desk at Boies Schiller Flexner in Washington. She'd be somewhere in the West Wing, at the red-hot center of the presidency.
Wifredo Ferrer is switching sides in the war on crime, leaving the U.S. attorney's office to join the law firm's white-collar defense practice.
A total of 10 of counsel and associates join five partners, all from Schiff Hardin, at Dorsey & Whitney's new Dallas office.
Gibson, Dunn & Crutcher also posted profits per partner of $3.27 million and net income of $977.5 million.
Still making money from the wind-down of Bernard Madoff's massive Ponzi scheme, Baker & Hostetler saw gross revenue increase slightly in 2016, the first year after the firm moved to an all-equity partnership model.
The Silicon Valley stalwart pulled in $361.5 million in gross revenue last year, a slight dip from the 11.2 percent surge that saw Fenwick & West's turnover hit $363.5 million in 2015.
As it prepares to merge with Norton Rose Fulbright, Chadbourne & Parke is suddenly grappling with a third accuser in a $100 million gender discrimination case that's been hanging over the firm since last year.
A judge has refused to throw out key claims in a lawsuit accusing Obermayer Rebmann Maxwell & Hippel of cheating on associate bonuses, though the case has been whittled down.
Two consecutive years of growth come to an end.
Gibson, Dunn & Crutcher partner Miguel Estrada, who has argued 22 cases before the high court, is the latest in a series of lawyers rumored to have a lock on the SG post.
When we teach and discuss Legal Project Management (LPM), we stress that the last of LPM's five basic steps, Post Project Review, not only is every bit as essential as the first four steps, it can be an extraordinarily powerful business development lever, as well.
Ray LaSoya, chair of the private equity practice at Stroock & Stroock & Lavan, has joined Cooley as an M&A partner in Los Angeles.
Winston & Strawn had a relatively stagnant financial year in 2016, as gross revenue increased slightly, to $823 million, while partner profits rose to nearly $1.83 million.
Renata Hesse is the former acting assistant attorney general in charge of antitrust for the U.S. Justice Department.
DLA Piper's venture capital transactions co-chairman Jeffrey Lehrer assumed the role of D.C. managing partner with such gusto last month, and he's already briefed the firm's associates on his favorite bits of advice for lawyers.
Gross revenue improved by 11.3 percent at Dallas-based Jackson Walker in 2016, compared with 2015, and net income jumped by 26.2 percent.
A week after falling short on a $143 billion takeover bid for London-based Unilever plc, Scott Barshay and Paul, Weiss, Rifkind, Wharton & Garrison helped the "Home of the Whopper" add a new a resident from Louisiana.
Gross revenue at Goodwin Procter hit $912 million, but revenue per lawyer and profits per partner dipped slightly amid rising head count.
The firm's gross revenue ticked up 2.7 percent, but revenue per lawyer and profits per partner both declined during what managing partner Doug Clark calls "a year when we invested in the business."
A federal judge ruled that claims against Chicago-based Johnson & Bell for allegedly failing to protect client information must proceed individually in arbitration, not lumped together as a class.
In what firm leadership called a "solid" 2016, Reed Smith held profits per equity partner and revenue per lawyer steady amid declines in head count and overall revenue.
The international verein felt the impact of Brexit and D.C.'s shifting regulatory tradewinds, while reaping the benefit of some strong deal work.
Remember Alan Hruska, the former Cravath, Swaine & Moore partner turned playwright, novelist and filmmaker? Recently, the 83-year-old former litigator opened his play "Ring Twice for Miranda" at City Center in New York, a highly prestigious off-Broadway venue.
Polsinelli's revenue grew, but profits per partner dropped as a result of a mass hire from IP boutique Novak Druce.
Plaintiff Carrie Birkel claims Washington, D.C.-based Sidley partner Edward McNicholas lured her into a bogus investment after she won $10 million in a divorce.
Latham & Watkins increased its gross revenue in 2016 for a seventh consecutive year.
As it seeks extra space for its downtown Washington, D.C., office, Brownstein Hyatt Farber Schreck is suing Simpson Thacher & Bartlett, its landlord, and the arbitration company JAMS Inc., a new tenant, over a subleased part of its building at 1155 F St. NW.
Clifford Chance (CC) has broken its core lockstep in London and New York to use the ‘super-point’ tier reserved to reward star performers, with the news emerging as the firm considers placing some of its international offices on a lower rung of its lockstep to boost profitability.
The changing workplace is always an obstacle, so law firm technologists offer their tips on managing user adoption.
In 2016, Covington & Burling raised billing rates to match its competitors and reaped rewards from a long-term strategy.
We caught up with the federalism and election law expert to discuss her new gig, the challenges that await, and her hobby as an amateur novelist.
Following a strong 2015, gross revenue improved by 2.9 percent at Dallas-based Thompson & Knight in 2016, and net income increased by 3.5 percent compared with the prior year.
Miller and Nugent will co-chair Cohen Milstein's public client practice, which focuses on representing state attorneys general and other government entities in litigation and investigations.
The firm posted a 5 percent increase in gross revenue and a solid 7.5 percent bump in profits per equity partner in 2016.
Allen & Overy has continued its U.S. hiring spree with the recruitment of a three-partner finance and securities team from Paul Hastings, including former leveraged finance head Bill Schwitter.
Two years into new leadership, Drinker Biddle & Reath saw a second year of increases in revenue and profits per equity partner (PPP) in 2016.
The firm's growth didn't quite match recent years, but its leaders say they're not complaining.
Equity partner profits jumped by nearly 20 percent last year, as the firm posted revenue growth across several practices while also cutting back its equity partner ranks.
The regulation requires any company doing business with a "covered entity" to have robust information security processes and procedures.
In selling their firm to lateral candidates, firm leaders are often using the same pitches as their competitors. Recruiter Dan Binstock offers advice on differentiation.
Two Venable partners, including a former lead Republican negotiator on the post-crisis Dodd-Frank financial reforms who has called the Obama-era regulations "heavy-handed," have joined President Donald Trump's administration. Andrew Olmem, who worked on the Dodd-Frank reforms, will serve at the White House National Economic Council, and Daris Meeks was named director of domestic policy for Vice President Mike Pence.
Longtime Orrick, Herrington & Sutcliffe intellectual property partner Neel Chatterjee is joining Goodwin Procter's litigation department and intellectual property practice in its Silicon Valley office.
Lawyers from two big firms in Houston, Andrews Kurth Kenyon and Bracewell, move to the Houston office of King & Spalding.
With 20/20 hindsight, lawyers who strike out on their own say the sacrifices can be profound.
As legal clashes over its status as a sanctuary city appear likely, Philadelphia is turning to a team of local big-law attorneys to advise it on how to handle the controversial immigration issue.
Considering what's going on at the White House, is that what clients look for in their lawyers—someone who can tell them how far they can push the ethics boundaries without breaking the law?
The firm opened an office in San Francisco last year and boosted its business with help from a 2015 lateral partner, George Terwilliger III.
The year is already shaping up to be a busy one for Big Law combinations.
Orrick Herrington & Sutcliffe has hired four lawyers from Clifford Chance in Paris, including local competition head Patrick Hubert.
In a rare loss for Cravath, Swaine & Moore, a partner is leaving the firm to join Levine Lee, a prominent litigation boutique formed six years ago by former Cravath lawyers.
Russell Munsch, who founded Munsch Hardt Kopf & Harr in Dallas 31 years ago and represented a wealthy Texas oilman in one of the largest personal bankruptcies in history, died in a plane crash while on a golfing vacation in Australia.
Linklaters and Paul Weiss landed lead roles on a since aborted $143 billion takeover bid for London-based Unilever plc by Pittsburgh-based Kraft Heinz Foods Co., a megamerger that would have united two of the world’s largest food companies. Two ex-Freshfields partners also took top financial roles on the ill-fated transaction.
In a major lateral move in Texas, nine transactional partners who work in the energy sector have joined Baker Botts in Houston, coming from the Houston office of Norton Rose Fulbright.
With the four new hires, which include two partners, Reed Smith has 63 lawyers in its Houston office.
Cahill Gordon & Reindel, whose finances typically rise and fall with the bond markets, saw gross revenue hit $382.5 million in 2016, a nearly $20 million increase over the year before. Profits per partner at the firm remained mostly flat, as head count slipped below 300, to 296.
The New York-based firm, having made one of 2016's most notable lateral hires in Scott Barshay, saw gross revenue rise to $1.22 billion last year, while profits per partner jumped to $4.38 million.
Since his election, President Donald Trump has not let go of his personal Twitter account—or his penchant for lashing out against companies on social media. That practice, unprecedented for a president in the internet age, has put companies on edge. And law firms are being called on to help corporate executives prepare for the fallout from drawing Trump's ire on Twitter. Cleary Gottlieb employed an acronym to describe the president's conduct: "SMA," for "social media attack."
Marking a fourth straight year of strong financial growth, Milbank, Tweed, Hadley & McCloy posted a double-digit percentage increase in gross revenue in 2016, as profits per equity partner topped $3 million.
Dangerous rhetoric and a president who praises it. Where are Trump’s lawyers?
A string of headline-grabbing cases didn't have much impact on Steptoe & Johnson's bottom line in 2016.
Jenner & Block is bolstering its fledgling London office with the hire of Jason Yardley, a senior White & Case disputes partner and a member of the firm's global management committee.
Holland & Knight continued to show strong growth in 2016, with an 8 percent gross revenue increase that resulted in a higher-than-projected net income of $238.5 million.
Private plaintiffs lawyers with state and local government practices could benefit from changing federal enforcement priorities that are likely to prompt state attorneys general to devote more resources to fighting consumer and financial fraud and protecting the environment. But they shouldn't expect it to open the floodgates for more work.
As Massachusetts goes green—the commonwealth recently legalized marijuana for recreational use—at least one big, Boston-based firm is getting into the budding industry. Foley Hoag announced this week the formation of a new practice group led by partner Kevin Conroy focusing on the legalized cannabis space.
A Manhattan criminal defense boutique facing two lawsuits by ex-partners is working toward finalizing a settlement in one, but continues to face heated allegations in the other.
Growing up in suburban Denver, Joanna Horsnail lived what she called a charmed life in America's solid middle class. Then she joined Mayer Brown, and life started punching back. Hard.
The firm says it grew the amount of work it billed in 2016, and forecasts demand that could help the firm survive the Trump administration.
Thomas J.P. McHenry will assume the school's top administrative post on July 1.
Firm leaders said double-digit declines were misleading, but there are signs that partners are unsettled.
Gross revenue declined by 6.4 percent in 2016 at Dallas-based Locke Lord, but net income improved by 11.1 percent with lawyers in many practice areas very busy.
Akin Gump Strauss Hauer & Feld, which just inked a deal for a new office lease in Washington, D.C., saw gross revenue rise $50 million last year, to $980 million, while profits per partner hit the $2.1 million mark. The firm's total head count slipped slightly in 2016.
The firm reached a new revenue high amid plans to grow to 500 lawyers in both New York and London.
The firm passed the 1,000-lawyer mark in 2016, while revenue edged up and profit per partner slipped slightly due to a significant addition of equity partners.
Debevoise & Plimpton has created a new leadership position for Mary Jo White, who returned to the firm Wednesday after chairing the Securities and Exchange Commission for nearly four years under the Obama administration.
The firm saw its gross revenue surge by more than $60 million in 2016, to $974 million, while profits per partner rose by nearly $1 million, to almost $1.97 million. Head count at Cooley hit 854, an increase of more than 50 lawyers from 2015.
On the same day that Fortress Investment Group announced its $3.3 billion sale to Japan’s SoftBank, a unit of the investment giant partnered with Australian litigation funder IMF Bentham on a U.S. litigation funding finance vehicle worth up to $200 million. The move comes two months after two rival litigation financiers agreed to merge.
Davis Polk & Wardwell saw healthy growth in revenue and partner profits in 2016, despite capital markets headwinds and uncertainty in European and Asian markets.
Some industry players are steering clear of class actions because of a ban on attorneys sharing fees with nonlawyers. Others are willing to invest but structure their deals to avoid the rule.
The Silicon Valley-based partner talks technology trends impacting lawyers and how tech knowledge is integral to firms “interested in staying relevant.”
Sidley Austin has raided Kirkland & Ellis for the second time in a year, bringing on a seven-partner team from the firm, as well as a Linklaters partner, for its Munich office.
By some estimates, the Kardashians made about $122.5 million in 2016, a figure about $80 million shy from what the famous family’s outside counsel at Dickinson Wright earned in gross revenue last year.
Joseph Garcia pleaded guilty to wire fraud last year. Prior to that, the con man appears to have worked with Sidley Austin on a case that led to fraud charges against the firm and one of its prominent partners.
Law firms could learn a thing or two from the way public interest law organizations and government agencies hire new attorneys.
The legal profession has long struggled with diversity and inclusion. HP Inc. took a novel step in announcing that the company may withhold legal fees from law firms that don't meet diversity staffing requirements. Kim Rivera, HP's chief legal officer and general counsel, on Tuesday detailed the genesis of the fee-holdback program—and the early responses. "I spoke to GCs and law firm partners across the country and much to my gratification, they were very open and collaborative," Rivera said.
The firm is leaving Dupont Circle for a 17-year lease on K Street, but keeping the name of name partner Robert Strauss on its new building.
In-house legal departments are on the hunt for ways to combat the data breaches hitting their law firms, and email encryption is a growing option.
Weil, Gotshal & Manges has become the latest large firm to rethink its presence in the Middle East, with the New York-based firm deciding to close its Dubai office.
In-house legal departments regularly encourage, and in some cases require, that outside firms have some level of diversity in staffing legal work. Hewlett-Packard Inc. has taken this mandate a step further—saying the company will withhold invoiced fees from firms that do not meet diversity requirements.
Cozen O'Connor boosted revenue by more than 10 percent in 2016, as the firm continued to reap the benefits of acquisitions and lateral hires, as well as demand that bucked industry trends.
Stephen Cohen, who spent the past five years as associate director of enforcement at the U.S. Securities and Exchange Commission, has joined Sidley Austin as a securities and derivatives enforcement and regulatory partner in Washington, D.C.
Less than a year after suing Germany’s Stolmár & Partner over a failed combination, Philadelphia area intellectual property boutique RatnerPrestia has settled breach of contract, fraud and other claims against the Munich-based patent firm.
Profits per partner were up a whopping 40 percent in 2016.
A significant increase in contingency fee income helped Fish & Richardson continue its growth in 2016, with the firm posting solid gains in both revenue and profit.
Jeffrey Wertkin has hired Cristina Arguedas—lawyer to FedEx and former San Francisco Giants slugger Barry Bonds—to defend charges he tried to sell a sealed whistleblower complaint.
The White House counsel seems missing in action amid the ever-mounting conflicts of interest involving this presidency.
Several big litigation matters and a steady stream of transactional work power the firm's solid gains.
Last year was a better one than 2015 for the Am Law 50, and especially for the most profitable firms. The same can't be said for the rest of the industry.
In a sign of a legal market where clients are as untethered to law firms as ever, a survey of legal buyers’ preferred Big Law brands has a new No. 1 for the first time in its six-year history. Jones Day topped the Acritas U.S. Law Firm Brand Index, released Monday, after ranking in second place for the previous five years to Skadden.
Ten months after a hacking scandal hit one of Panama's top law firms, prosecutors in the Central American country have arrested Mossack Fonseca name partners Ramon Fonseca Mora and Jurgen Mossack in connection with a massive bribery scandal at a Brazilian conglomerate.
British consumer products giant Reckitt Benckiser Group plc has turned to Davis Polk & Wardwell and Linklaters to handle its $17.9 billion acquisition of Mead Johnson Nutrition. Kirkland & Ellis and Cleary Gottlieb Steen & Hamilton have also landed roles on the transaction, which is the largest in Reckitt’s history.
Cadwalader, Wickersham & Taft saw its revenue decline in 2016 amid partner defections and office closures. But managing partner Patrick Quinn pointed to higher profits as a sign that the firm's tighter focus on core clients and practices is paying off.
Dechert has been dealt a blow in its long-running fee dispute with a former client, with a High Court judge in the U.K. ruling Friday that the company can proceed in its attempt to recover millions of dollars from the firm.
Cristian Stevens, a former federal prosecutor who once investigated a high-profile police shooting in Ferguson, Missouri, has joined Armstrong Teasdale as a litigation partner in St. Louis.
It's time once again to examine whether the legal market will consolidate across the Atlantic.
If there's a way to respond to a president who has taken aim at the federal judiciary, it's to speak with one voice. That's just what the Ninth Circuit did on Thursday with its per curiam opinion that struck back at the notion that a president's actions are unreviewable.
Ballard Spahr experienced slight revenue growth and flat profits in 2016, making the best of what the firm said it knew would be a challenging year.
King & Wood Mallesons’ (KWM) Europe and Middle East (EUME) partners rejected at least four attempts by management to increase capital at the firm between 2011 and 2015, it has emerged.
Forgive me for being a cynic (who me?), but I'm not at all convinced that law firm managers are losing sleep when women lawyers fly the coop.
Latham & Watkins and Baker McKenzie have secured mandates on Priceline Group’s acquisition of London-based travel search engine Momondo Group for $550m (£438m).
Boosted by some big contingency fees and strategic investments, Houston-based Baker Botts posted a record year in 2016, with revenue up 20.2 percent compared with 2015, and profits per partner up 36.6 percent.
Ultrapetrol Bahamas Ltd., a company that floats energy boats throughout South America, filed for bankruptcy in New York on Feb. 6. Zirinsky Law Partners, a firm formed last year by a former top bankruptcy partner at three Am Law 100 firms, is advising Ultrapetrol along with Hughes Hubbard & Reed and Seward & Kissel.
Boies Schiller Flexner has welcomed Ambassador Lee Wolosky back to the firm after an 18-month stint as the White House's special envoy for the closure of the Guantanamo Bay detention facility in Cuba.
While former Akin Gump lawyer Jeffrey Wertkin awaits his fate after his arrest for trying to sell a sealed whistleblower suit for $300,000, let's take a moment to revisit some prominent attorneys who made a mess of things.
We distill the best lessons from Paul Hastings partner Nancy Abell and others at this month's inaugural Women LEAD conference at UCLA School of Law.
Lawrence Hill, a former chair of the tax controversy and litigation group at Dewey & LeBoeuf who joined Shearman & Sterling in May 2012 to co-lead that firm's financial services group, is headed to Winston & Strawn in New York. The hire is the latest high-profile addition by the Chicago-based Am Law 100 firm.
Federal prosecutors have accused an Akin Gump Strauss Hauer & Feld partner—and a government lawyer himself until last year—of hawking a copy of a nonpublic whistleblower complaint to a company facing a False Claims Act lawsuit.
The moves follow a spate of recent departures from Pepper Hamilton, and they extend a string of hires this year at Blank Rome.
Lawyers prepared for Tuesday's Ninth Circuit arguments under extreme time pressure. But the judges wouldn't cut them any breaks.
The national labor and employment firm, already well-known in legal circles for being a pioneer in using business process improvements, is now looking to artificial intelligence to enhance its efficiency.
Pillsbury Winthrop Shaw Pittman has opened a new Miami office with six lawyers from Boies Schiller Flexner.
Latham & Watkins is poised to hire former Cleary Gottlieb Steen & Hamilton associate Wenchi Hu, most recently an associate director in the U.S. Securities and Exchange Commission's division of trading and markets, as a financial institutions partner in New York.
The jury awarded Sanford Wadler $2.9 million in back pay and stock compensation, which will be doubled, plus $5 million for punitive damages.
Howard Shelanski, who most recently served as administrator of the Office of Information and Regulatory Affairs in the White House’s Office of Management and Budget, will join Davis Polk & Wardwell's office in Washington, D.C.
According to a new report from ALM Legal Intelligence, legal departments are bringing more work in-house, rather than relying on outside counsel.
Gregory Locke had an interesting Saturday evening. The associate Wilson Elser Moskowitz Edelman & Dicker in White Plains, New York, posted a message to Facebook on Feb. 4 documenting how he and a few other fellow passengers on a New York City subway train removed anti-Semitic graffiti.
Weil, Gotshal & Manges enjoyed strong demand that boosted 2016 revenues, according to executive partner Barry Wolf, bucking the industry trend.
Cozen O'Connor debuted a new practice group focused on institutional responses to sexual and gender-based harassment and violence, hiring five Philadelphia lawyers, including four attorneys from Pepper Hamilton.
The Magic Circle firm is pulling out of Doha roughly six years after opening an office in the capital city of the Middle Eastern country of Qatar.
Trump’s assault on the integrity of the presidency already makes Richard Nixon look like an amateur—and a saint.
Spurred on by President Trump's deportation priorities, a group of big-firm lawyers and nonprofit attorneys has launched a project to represent immigrants nationwide who are at risk for deportation and already has distributed a mass letter to hundreds of large firms seeking donations and pro bono work.
Thomas Siebel is either a man who stands up for his principles, or someone who uses his vast resources to grind his opponents into the ground. Either way, he's probably not someone you want to be litigating against.
Big Law snatches up talent as the market changes for boutiques.
Half of lateral partner hires are failures. To be precise, 47 percent of laterals don’t stay more than 5 full years.
The 2016 fiscal year results for the nation’s 200 largest law firms are starting to pour in. ALM’s reporters across the globe are providing early snapshots and analysis of how firms performed last year and what to expect in 2017.
A dozen or more years since what one expert called the "great awakening among law firms" about the need to designate an in-house adviser, the role of firm general counsel continues to evolve.
Paul Scrivano, who a year ago took over as global head of M&A and private equity at O'Melveny & Myers, has left the firm for Ropes & Gray. O'Melveny & Myers has announced that partner Jay Herron will replacement him as leader of its transactional group.
Colin Cloherty, an ex-NFL tight end who once made it to the Super Bowl with the Indianapolis Colts before concluding his pro football career a few years later with the now big game-bound Atlanta Falcons, is embarking on a new journey. Cloherty spoke with The American Lawyer about his new role as a first-year Big Law associate.
Paul Hastings is advising Houston-based oil and gas explorer Vanguard Natural Resources LLC on its bankruptcy filing in Houston. Vanguard is the latest U.S. energy company to begin Chapter 11 proceedings within the past year.
A vote could come soon, with consideration by some committees and the firms’ partnerships within the next few weeks, according to a partner at one of the firms who has been involved in the talks.
Martine Beamon, who was hired to investigate potential FCPA violations, testified Thursday that the company's general counsel rejected her firm's conclusion that the suspicions were "meritless."
Takata Corp.'s top lawyer in the United States, Eric Laptook, has left his post, weeks after the Tokyo-based automotive safety equipment maker agreed to pay $1 billion in criminal penalties to the U.S. Department of Justice.
Hogan Lovells partners are to pay in additional capital to the firm later this year, as part of a long-running initiative to boost the global firm's capital reserves.
From real sports to fantasy sports, two gaming companies filed for bankruptcy in California on Tuesday, owing thousands of dollars to several law firms.
Longford Capital Management LP has hired Russell Genet, national head of the IP group at Nixon Peabody in Chicago, as a director. Genet helped Nixon Peabody open its Windy City office a decade ago.
The deans of 20 California law schools on Wednesday asked the state Supreme Court to temporarily lower the bar exam’s minimum passing score to let the State Bar study whether the number is unjustifiably high.
The country's corporate law firms unexpectedly became front and center in the weekend response to President Donald Trump's immigration crackdown.
Mark Irion, formerly of the Washington public relations group Levick, is bringing his services in-house at the firm.
In choosing Neil Gorsuch for the U.S. Supreme Court, President Trump opted for a candidate with traditional credentials shared by most modern-day justices. A Colorado native with a degree from Harvard Law School, Gorsuch clerked for Justice Byron White and Anthony Kennedy on the Supreme Court. "In our legal order, it is for Congress and not the courts to write new laws. It is the role of judges to apply, not alter, the work of the people’s representatives," Gorsuch said at the White House.
Global firm Eversheds Sutherland made its formal debut on Wednesday, unveiling a new logo and website and cementing the most significant transatlantic tie-up since Norton Rose combined with Fulbright & Jaworski in 2013.
Nearly 50 percent of global general counsel and chief legal officers say they might end a law firm or outside counsel relationship this year because of underperformance, according to a new survey from the Association of Corporate Counsel.
DLA Piper's post-Brexit planning could include expanding the global legal giant's European footprint with office launches in Dublin and Denmark.
Greenberg Traurig chairman Richard Rosenbaum responded quickly to Rudy Giuliani's comments, sending a letter to the firm that made it clear Greenberg Traurig was not retained to advise Trump on this executive order and that the firm values diversity and its immigrant roots.
Beth Brinkmann, a deputy assistant attorney general for the past eight years who headed the civil division’s appellate staff at the U.S. Department of Justice, has chosen Covington & Burling for her post-Obama administration landing.
Jared Bartie, who once served as general counsel of the upstart Xtreme Football League and World Wrestling Entertainment, has joined O’Melveny & Myers' high-powered sports practice as a partner in New York. The move is the second notable hire by O’Melveny & Myers in recent weeks.
Eric Liebeler, a former Kirkland & Ellis partner who left his role last year as administrative head of high-powered litigator Beth Wilkinson’s new firm, has joined Stinson Leonard Street as a partner in Washington, D.C.
Former federal prosecutor Sarah Coyne joins Weil Gotshal less than two years after she started at Debevoise.
Last year at Dechert was "fine," CEO Henry Nassau said, with a 2.4 percent increase in revenue and 1.6 percent increase in profits per equity partner.
London-based insurance specialty firm Clyde & Co has opened new offices in Chicago and Washington, D.C., after hiring 10 partners from Troutman Sanders.
The family of a Syrian child represented by Reed Smith has to delay plans to resettle in the United States after President Donald Trump's executive order placed an indefinite halt on Syrian refugees entering the country.
Cravath, Swaine & Moore, Slaughter and May and Wachtell, Lipton, Rosen & Katz are leading a team of firms that have landed lead roles on Johnson & Johnson’s proposed $30 billion buy of Swiss biotechnology company Actelion.
A Bryan Cave associate in St. Louis recently penned an op-ed in The Wall Street Journal.
Orrick, Herrington & Sutcliffe capitalized on a recent merger between two competitors to land new talent, hiring a new tech practice leader in its Silicon Valley office.
The president should hope is that no court every reaches the merits of his lawyers’ defense of emoluments clause violations.
The definition of "debt collector" has become a central issue as Pepper Hamilton faces a federal lawsuit alleging that a partner used unfair debt collection practices in payment demands to his tenants that were printed on firm letterhead.
Group of four patent lawyers leave McDermott, Will & Emery to join Vorys, Sater, Seymour and Pease.
Blake Liggio recently made partner at Goodwin Procter, making him one of the first outwardly transgender partners at an Am Law 100 firm. Liggio and Goodwin Procter partner Scott Webster reflect on the challenges he faced and ways that large firms can create a more inclusive environment.
For transplants and native New Yorkers alike, sometimes the biggest obstacle in the city is the city itself.
The administrators of King & Wood Mallesons’ (KWM) European arm have released details of the sums raised by the break-up and sale of the business in a letter to creditors that also sheds light on the failed efforts to secure a single-firm takeover.
The case that put him in the spotlight had become a trial for him, said Houston probate Judge Mike Wood.
The head of the Florida DEP is leaving to work for Foley & Lardner amid scrutiny over how much the state agreed to pay in legal fees, just months after the firm won a state contract to handle money Florida received from the Deepwater Horizon oil disaster.
With a new emphasis on legal innovation, law schools are using experiential learning and technology tools to meet the future needs of law firms and legal departments.
Fifteen partners are splitting from Sedgwick in the New York region and Texas, forming a boutique in the Northeast and launching a new office for Drinker Biddle & Reath in Dallas.
A report issued Wednesday said that U.S. bankruptcy filings fell 5.9 percent in 2016 to their lowest number in a decade. Nonetheless, despite a drop-off in business-related cases, troubles in some industries like the energy sector have helped restructuring lawyers pick up some of the slack in demand for their services.
A disclosure mandate in the Northern District of California could trigger a wider transparency debate.
Crowell & Moring, which last week watched its Anchorage office join Holland & Hart, has also shuttered a small outpost in Cheyenne, Wyoming. Gov. Former state Gov. Dave Freudenthal, who helmed the firm’s presence in the city for the past six years, has started his own shop. Crowell & Moring is currently engaged in merger talks.
Niro Law is shutting down following the death of founder Raymond Niro, and a group of its lawyers are starting a new firm.
ATopTech, a software company on the losing end of a $30 million IP battle with Synopsys last year, filed for bankruptcy last week in Delaware. Arnold & Porter, Dorsey & Whitney and Wilson Sonsini are advising AtopTech in its Chapter 11 case. Arnold & Porter is owed at least $3.5 million for its work as special litigation counsel to the debtor.
Alternative facts. Alternative reality. Whatever. Any way you look at it, it's been surreal for the past two months.
President Donald Trump, who has been in office for less than a week, has filed an application for a slogan he can use for his re-election campaign in 2020.
Eversheds and its new U.S. merger partner Sutherland Asbill & Brennan will create a new bonus system to reward partners for facilitating integration once the merger between the two firms goes live on Feb. 1.
Poor leadership and a reluctance to deal with longstanding issues were the key factors behind the collapse of King & Wood Mallesons' European arm (KWME), according to a survey of London partners by sibling publication Legal Week.
As he returns to his old firm, Andrew Ceresney says the U.S. Securities and Exchange Commission won't lose momentum under Donald Trump's administration.
Louis Cohen, a real estate of counsel at Foley & Lardner in Chicago who joined the firm last year after serving as international chair of the real estate, finance and banking group at Locke Lord, died last week in a mysterious parking garage fire. Cohen, 60, once helped the Super Bowl-bound Atlanta Falcons get a new stadium.
The Am Law 100 firm has teamed up with Australia's Wotton + Kearney, British firm DAC Beachcroft and Germany's BLD Bach Langheid Dallmayr to form the Legalign Global insurance network.
The top performing law firms continued to pull away from the rest of the Am Law 200 last year, according to a report released Monday by Wells Fargo Private Bank's Legal Specialty Group. Meanwhile certain regions, including the mid-Atlantic states, struggled to achieve even modest revenue growth.
Kelley, who served as U.S. attorney for the Southern District of New York from 2003 to 2005, was a member of the executive committee at Cahill Gordon & Reindel.
This former Am Law 100 COO says law firms should pause before adopting a new trend reported by Am Law Daily last week of law firms hedging currency to battle fluctuations in exchange rates.
Reed Smith has confirmed its addition of 17 partners from King & Wood Mallesons (KWM) in London, Germany and Paris, who bring with them sizeable teams of lawyers, trainees and support staff.
After more than three decades shuttling between public service and private practice, Johnson says he plans to stay put this time.
The biggest deal of the week will take your breath away. Cravath, Herbert Smith Freehills, Jones Day, Kirkland & Ellis, Moore & Van Allen and Weil, Gotshal & Manges are advising on British American Tobacco’s $49.4 billion takeover of tobacco rival Reynolds American.
At least nine partners are poised to join Morgan, Lewis & Bockius from Orrick, Herrington & Sutcliffe. Once the mass move is complete, up to 40 lawyers and staff could head to the Philadelphia-based Am Law 100 firm, which has been busy in recent months bolstering its operations in Asia.
Covington & Burling has secured a $6.31 million contract to represent Ukraine's state-run oil company Naftogaz in an arbitration dispute against the Russian government over its 2014 incursion into Crimea.
The telecommunications equipment company, which filed for Chapter 11 protection Thursday in New York, is being advised by Kirkland & Ellis in its bankruptcy case. Holland & Knight is owed some $736,380 by the debtor.
The global legal giant's management told clients this week that the collapse of its legacy SJ Berwin business in the U.K. and Europe was the result of poor leadership and a lack of consensus among European partners, and described how King & Wood Mallesons plans to rebuild its operations across the region.
In a busy week for law firm combinations, Norton Rose Fulbright has acquired four-lawyer commercial law boutique Keller Snyman Schelhase in Cape Town, a move that comes six years after the global legal giant acquired one of South Africa’s largest firms.
Baker McKenzie and Buchanan Ingersoll & Rooney started 2017 by hiring diversity and inclusion officers, the latest in a series of large firms filling similar roles as they attempt to determine how diversity efforts fit into their businesses in a time of uncertainty.
A spotlight shines on a Big Law partner in the shadow of President-elect Donald Trump.
Baker & McKenzie lost its ampersand last month, and Boies, Schiller & Flexner, not to be outdone, recently dropped its squiggly symbol and also ditched a comma.
Donald Trump has tapped into our primal insecurities about our looks, and how our physical flaws can diminish our professional success.
Mark Schaub, a partner with King & Wood Mallesons in Shanghai, sets out his firm's ambitions for its new operation in Europe.
Attorneys reflect on the court battles that played a role in ending the Ringling Bros. and Barnum & Bailey Circus.
Crowell & Moring is closing its Alaskan outpost—one the firm opened in 2009—following Holland & Hart's hire of a six-lawyer environmental team in Anchorage and Washington, D.C.
J. Steven Baughman, a longtime IP litigator at Ropes & Gray in Washington, D.C., is leaving the firm for Paul, Weiss, Rifkind, Wharton & Garrison. Baughman is the firm’s latest high-profile lateral recruit.
Boies Schiller Flexner has brought on Ann O’Leary, a former top adviser to Democratic presidential nominee Hillary Clinton, as a partner specializing in nonprofit and philanthropic endeavors in Palo Alto, California.
The perception there's more heat on Silicon Valley comes as large tech companies have become big federal contractors.
As the British pound falls, so does the reluctance of many firms to gamble on future exchange rates.
Appellate litigator Noel Francisco is departing Jones Day amid rumors that he could soon be tapped for a role in the solicitor general's office.
King & Wood Mallesons (KWM) has confirmed the names of 17 partners who have agreed to stay on with the firm in the wake of the administration of its European, UK and Middle East (EUME) business. Seven partners will stay on to maintain a London presence for the firm, as will as a three-partner team in Frankfurt.
Law firms take their time in bidding attorneys adieu, so it's wise to stay one step ahead of the game.
Law firms are looking at Africa as the next frontier.
A pair of leading sports industry lawyers have left their firms for new digs. O’Melveny & Myers hired DLA Piper corporate partner Chuck Baker to chair its sports industry group out of New York, where longtime Weil, Gotshal & Manges litigator James Quinn is retiring from the firm at 71 to become of counsel at top trial boutique Berg & Androphy.
King & Wood Mallesons' (KWM) European arm has filed for administration in a move that represents the end of the line for the London-based legacy SJ Berwin business and the largest-ever law firm collapse in the U.K.
Raphael “Rafi” Prober, who spent almost two years at the U.S. Department of Justice, is returning to Akin Gump Strauss Hauer & Feld in Washington, D.C. Prober will handle congressional response litigation at the firm.
White & Case ranked No. 1 for M&A globally in league table rankings for legal advisers in 2016, according to data analyzed by Bloomberg and Mergermarket. The latter listed the Am Law 100 firm as working on 319 announced deals last year valued in excess of $665 billion.
A few days after Willkie Farr hired two energy partners from Cadwalader, Wickersham & Taft, Allen & Overy and Haynes and Boone have picked up three more partners from the firm. The moves come as Cadwalader seeks to refocus itself on financial services work, a process that will see the Wall Street firm close its Houston office.
Very few firms have opened full-time facilities, despite their lamentations about the exodus of women.
Zachary Warren, a young lawyer who faced criminal charges alongside three executives at Dewey & LeBoeuf, has formally put the case behind him and has relaunched his legal career at one of the country's top law firms.
The new attorney general says he’ll be independent; here’s a chance for him to prove it.
Vedder Price is facing arbitration in California in a case that shows there can be risks to law firms' increasingly litigious stance on unpaid bills.
The European Parliament is calling for the establishment of laws to govern robots and artificial intelligence.
A crowdfunded legal action to determine whether Brexit can be reversed will begin in Ireland later this month. The suit seeks a referral to the European Court of Justice to rule on whether the U.K. can unilaterally revoke Article 50, which starts a two-year deadline for an EU member to complete its withdrawal from the political bloc.
The firm has recruited Cadwalader, Wickersham & Taft partners Paul Pantano Jr. and Athena Yvonne Eastwood in Washington, D.C., six years after the two FERC experts joined the latter in a high-profile lateral move from McDermott Will & Emery. Cadwalader said the moves are part of a plan to re-focus itself on financial services.
A five-lawyer team from Harness, Dickey & Pierce is leaving the IP-focused firm for Husch Blackwell. The group includes Rudolph Telscher, who once won a critical appellate ruling preserving the sanctity of fantasy baseball and argued the winning side in a 2014 U.S. Supreme Court case on patent fee-shifting.
Law firms are feeling increased pricing pressure from their clients, according to a report released Thursday but the Georgetown University Law Center and Thomson Reuters' Peer Monitor. How law firm leaders address it will separate the top firms from all the rest.
Jeffrey Randall, the co-head of the IP litigation group at K&L Gates, has left the firm a little over a year after joining its Silicon Valley office from Paul Hastings. His departure marks the latest in a series of notable partner-level defections from the firm in recent months.
The Massachusetts decision spells out new challenges for lawyers working with breached companies.
London expects to lose its legal battle over whether it can start the Brexit process without wider parliamentary approval. The British government appealed a High Court ruling that parliament must be allowed to vote on triggering Article 50, which starts a two-year deadline for an EU member to withdraw from the political bloc.
The names of corporate law firms are not usually mentioned in major political news conferences. Lawyers are, or course. Nearly all of America has been introduced to David Boies, David Kendall, and Ted Olson. But most large law firm names are unrecognizable to the general public. Until Wednesday.
A year after absorbing Minneapolis-based Oppenheimer, Wolff & Donnelly, Fox Rothschild is raiding Twin Cities shop Lommen Abdo for a six-lawyer entertainment team led by Kenneth Abdo, a son of the firm's founding partner. Lommen Abdo is one of the largest firms in Minnesota.
Traci Ribeiro and her new lawyers at Sanford Heisler have beefed up their claims against Sedgwick, adding a bid for $200 million in class action damages.
More than a few Big Law partners dream of leaving their practices behind and becoming successful novelists. Ron Liebman made it a reality.
A Morrison & Foerster associate who recently completed a U.S. Supreme Court clerkship will argue Wednesday against former solicitor general Seth Waxman in a major race discrimination case that involves the National Collegiate Athletic Association.
Goodwin Procter will take on a 26-lawyer team from King & Wood Mallesons (KWM) in London, with the group hire granted as part of a deal that also saw KWM drop litigation against the Boston-based Am Law 100 firm and corporate partner Richard Lever.
During a raucous political news conference that was unusually heavy with tax law theory, Donald Trump and Morgan, Lewis & Bockius partner Sheri Dillon outlined Wednesday how the president-elect would distance himself from his companies.
Dentons, which has made a big push into the Latin American and Caribbean markets in the past year, has expanded its web of verein-style partnerships to Monterrey, Mexico, by combining with local firm Canales Zambrano y Asociados and forming an affiliate on the island of Barbados after taking on three lawyers from Canada's BCF.
As Chadbourne & Parke and two female partners battle in court over discrimination claims, the firm continues to see head count changes, including the departure of a female project finance partner and the arrival of a bankruptcy attorney.
One way to solidify your relationship with clients is to hire lawyers from their legal departments. Another is to plant your partners in their positions. On both fronts, Jenner & Block recently scored twice.
John Carlin, who stepped down in October as the top official for national security at the U.S. Department of Justice, is joining Morrison & Foerster's New York office, where he will start a new global risk and crisis management practice at the firm.
Picking apart the recent cybertheft faced by two Am Law 100 firms working on high-profile M&A matters offers lessons on how legal can avoid similar breaches in the future.
A four-strong antitrust group is leaving Cadwalader, Wickersham & Taft in Brussels for Dechert. Among the defectors is local office head Alec Burnside, who joined Cadwalader from Linklaters in 2011.
King & Wood Mallesons' struggling European arm (KWME) has told all staff that they will not receive any salary payments ahead of the firm's imminent administration as its main lender, Barclays plc, will no longer authorize the payments. Quantuma has replaced AlixPartners as KUME's proposed administrator.
Human rights campaign group Liberty has launched a crowdfunded legal challenge to new legislation that it claims grants the British government “indiscriminate state spying powers.”
Sweeping reforms in Mexico's energy sector are luring billions in investment, keeping lawyers busy.
Africa remains a challenging market, but Japanese companies see growing opportunity there. So do their lawyers.
As King & Wood Mallesons' European arm continues to crumble, big firms around the world pick up some partner-level pieces; Baker McKenzie ditches its ampersand; DLA Piper heads to Chile; a former K&L Gates litigation leader starts his own firm; and other notable moves from throughout The Global 100.
Stacey Rosenberg, a debt finance transactions expert at Latham & Watkins in Los Angeles for the past decade, is poised to join Hogan Lovells in the City of Angels.
Law firm leaders showed tepid confidence that important metrics like demand and revenue would grow in 2017, according to a survey conducted by Citi Private Bank's law firm group. But there are some positive indicators.
John Walsh, a former U.S. Attorney for the District of Colorado, is joining Wilmer Cutler Pickering Hale and Dorr as a partner in the Mile-High City, where the Am Law 100 firm has built up a small but impressive office over the past three years.
Freshfields Bruckhaus Deringer has offered voluntary redundancy to all of its London secretarial staff, in a move that affects roughly 180 individuals.
The small plaintiffs firm set out to disrupt privacy litigation when it launched a Bay Area office led by partner Rafey Balabanian. So far, returns are mixed.
A U.K. law firm with private equity backing spent almost a million pounds attempting to buy a rival insurance practice in 2015, accounts have revealed.
Six months after opening an office in Minneapolis, Jones Day has hired cybersecurity, privacy and data protection partner Richard 'Rick' Martinez in the Twin Cities from Robins Kaplan, where he chaired the firm’s privacy and cybersecurity litigation group.
As Donald Trump shatters norms underpinning American democracy, how should the legal profession respond? Not with excuses for him, that’s for sure.
As large U.S. firms jockey to stake out a global presence, Smith Gambrell & Russell is expanding its reach with new international offices in the United Kingdom and Germany. The Atlanta-based Am Law 200 firm is also adding seven lawyers to its New York office with the impending acquisition of New York boutique Balber Pickard Maldonado & Van Der Tuin.
Backed by a legal team from Wilmer Cutler Pickering Hale and Dorr, U.S. Secretary of State nominee Rex Tillerson laid out his answer this week to critics who claimed his financial ties to Exxon Mobil Corp. would create untenable conflicts of interest if he's confirmed.
It’s not just high-profile appointees like Don McGahn II helping to shepherd in the new administration—and possibly reap benefits from a new era in Washington.
After losing 500 jobs in November, U.S. legal sector employment rebounded in December, adding 2,000 jobs, according to preliminary data released Friday by the U.S. Labor Department.
Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust.
McCarthy Tétrault, one of Canada's largest firms, announced a first-of-its-kind deal Thursday that will see it absorb Wortzmans, a leading electronic discovery shop up north.
Two former Dewey & LeBoeuf executives facing retrial are urging a Manhattan judge for permission to cross-examine the lead witness for the prosecution about a new cooperation agreement, calling the deal "extraordinary circumstances" that directly bear on the defendants' rights.
James Venit, co-head of European competition at Skadden, Arps, Slate, Meagher & Flom in Brussels, is leaving the firm for global legal giant Dentons.
Norton Rose Fulbright is closing its Pittsburgh office in the near future, the firm confirmed Thursday.
Legal consulting firms Altman Weil Inc. and Fairfax Associates have issued reports on the state of the law firm merger market in 2016. Last year may have missed out on setting a record for combinations, but it did confirm a trend: In the post-recession legal market, managing partners are more acquisitive than ever.
Fenwick & West, which recently opened an office in New York, has hired a tech and life sciences dealmaker away from Lowenstein Sandler, which in turn added a Morgan Lewis transactional partner to its tech group.
David Keenan, who dropped out of high school after run-ins with the law, will take the bench in Seattle on Jan. 9.
In the latest development in Uber Technologies' long-running workers' rights battle in Europe, a Swiss insurance agency has ruled that its drivers are employees for whom the company must pay social security contributions.
Jay Clayton, President-elect Donald Trump's nominee to lead the U.S. Securities and Exchange Commission, is hardly a high-profile figure outside the Wall Street deal-making circles in which he's made his career. Unlike outgoing SEC Chairwoman Mary Jo White, Clayton, a partner at Sullivan & Cromwell, is not a litigator or a member of the white-collar defense bar.
DLA Piper continues to profit from its role advising the administrators on the collapse of British high street retailer BHS, with a leaked document revealing that professional advisors racked up another million pounds in fees in less than six weeks.
Two former real estate associates at Sidley Austin in New York appeared Tuesday night on CNBC's "Billion Dollar Buyer," a reality TV show that sees billionaire Tilman Fertitta evaluate business proposals from small business owners. Unfortunately, the two ex-Sidley entrepreneurs behind Kelvin Natural Slush Co. didn't get a deal.
Lawyers from four top Am Law 100 firms are nearing the end of the marathon—and highly lucrative—bankruptcy involving the operating arm of Caesars Entertainment Corp. After a tumultuous hearing in Chicago that briefly threatened to prolong the case, a judge set the stage for a confirmation hearing later this month.
Herrick, Feinstein hospitality chair Paul Shapses is leaving the firm amid its merger talks with Crowell & Moring for Pillsbury Winthrop Shaw Pittman. The latter recently saw the co-head of its financial services regulation practice leave to start his own firm in four different cities.
In the hours after Donald Trump tapped Sullivan & Cromwell dealmaker Jay Clayton to lead the SEC, securities litigators and others said he could usher in a new era for the agency.
King & Wood Mallesons (KWM) has put 100 members of staff on unpaid leave, pending redundancy, as the firm’s Europe, UK and Middle East (EUME) arm draws closer to administration.
Paul Smith, who argued and won the historic U.S. Supreme Court gay rights case Lawrence v. Texas in 2003, is leaving his partnership at Jenner & Block to teach at Georgetown University Law Center and to litigate for voting rights and campaign reform at the Campaign Legal Center, a nonprofit.
The percentage of minority lawyers in U.S. law firms crept up in 2016, but that progress was not across the board.
The chief executive of the Law Society, the professional body for solicitors in England and Wales, has resigned over a lack of progress in attempts to reform its governance.
Amy Heller, a trusts and estates partner who joined McDermott Will & Emery in a high-profile lateral move in 2011, has left the firm for Skadden, Arps, Slate, Meagher & Flom. McDermott watched another private client partner leave its London office for Bryan Cave.
A litigation dispute in California against Bikram Choudhury, the founder of so-called hot yoga, has ended with his former British lawyer being awarded control of his business empire. In New York, a startup yoga clothing company, recently filed for bankruptcy, owing thousands of dollars in legal fees to two law firms.
A top Australian intellectual property lawyer who is a partner at Herbert Smith Freehills' Australian IP relationship firm has been charged with indecent assault, according to Australian and international media reports.
Former Cadwalader, Wickersham & Taft Asia managing partner Rocky Lee and Hong Kong capital markets partner Stephen Chan have located new homes in King & Wood Mallesons and Dechert, respectively, following the closing at the end of December of the New York firm's Beijing and Hong Kong offices.
It's time to make those New Year's resolutions, when waistbands are tight, wallets are empty and even a dry martini has lost its appeal.
She plans to return to teaching and advocacy, and will complete a book, upon leaving Harvard Law School at the end of the academic year. Minow has led the law school since 2009, when her predecessor Elena Kagan left to become solicitor general and later an associate justice on the U.S. Supreme Court.
Cravath, Hengeler Mueller, Linklaters and Sullivan & Cromwell are advising on the second-largest deal of 2016: Praxair Inc.'s proposed $35.2 billion buy of industrial gas rival Linde AG.
Wachtell, Lipton, Rosen & Katz litigation partner George T. Conway III is being considered to serve as U.S. solicitor general in President-elect Donald Trump's administration, according to media reports. Conway's represented major corporate clients at Wachtell, where he's been a partner since 1994, and argued one case in the Supreme Court. On his thinking about presidential power: "In a case involving his private conduct, a president should be treated like any private citizen," Conway wrote in a 1994 op-ed challenging Bill Clinton's push to evade litigation of sexual misconduct claims. "The rule of law requires no more—and no less." Conway is married to Kellyanne Conway, who's set to become counselor to Donald Trump.
Amid a flurry of lawsuits and government probes spinning out from Wells Fargo & Co.'s fake-accounts scandal, a group of California plaintiffs lawyers teamed up this week to bring a new employment suit, looking to test out an expanded set of legal theories.
Barton Winokur, the former head of Dechert and a longtime member of the board of directors at Philadelphia-based CDI Corp., is facing a public call for his resignation from the company's board by two shareholders.
Famed civil rights activists. Notorious gangsters and the Kennedy assassins. A former football star whose murder trial continues to transfix the country. An ex-Stanford swimmer whose six-month sentence for sexual assault drew nationwide attention.
Los Angeles-based Engstrom, Lipscomb & Lack couldn't show that all the expenses it claimed for its attorneys' private jet travel had "a business purpose," the Ninth Circuit ruled.
Richard Nichols, a Dallas-based lawyer who once worked at Wilson Sonsini Goodrich & Rosati and K&L Gates predecessor Hughes & Luce, has been let go from his role as executive director of the U.S. women's national soccer team. The move comes as the team seeks a new collective bargaining agreement.
You know the government lawyers who joined the top firms in the nation’s capital last year. And you’ve probably heard about the mergers to come for some in the city. But for reflection’s sake as a hectic 2016 comes to a close, let’s revisit the lateral group moves, from one Big Law shop to another, that redesigned Washington, D.C.’s legal landscape over the past 12 months.
Global legal giant Norton Rose Fulbright looks to new horizons; Akin Gump and Fox Rothschild reel in some new recruits; Cooley and Goodwin Procter keep growing; Weil make a high-profile antitrust hire; and other notable additions from throughout The Am Law 200.
Kirkland & Ellis has hired an antitrust clearance expert by bringing on of counsel Donna Peel. The firm’s new recruit spent the past six years as executive director of the Chicago-based Pro Bono Network.
Our annual publication of the U.S. Supreme Court's eggnog recipe comes with the usual admonition: It is potent stuff, not to be drunk before driving. But if you like classic eggnog, not the chemical brew that grocery stores offer, it is hard to beat.
The list includes an assortment of signature surveys, profiles and features, including articles that went viral on social media. Enjoy them (again).
The plaintiffs bar bids farewell to 2016 boasting some impressive achievements, including blockbuster settlements in auto emissions litigation and other cases. But there were also notable setbacks—sometimes delivered by opposing counsel, and sometimes involving lawyers on the plaintiffs' own side.
What a year. We started thinking that we would make history with the first female president—and we ended it with one that makes the Mad Men era look progressive.
Laura Foggan, a longtime litigator at Wiley Rein and leader of the firm’s insurance appellate group, has joined Crowell & Moring as a partner in Washington, D.C. Foggan’s hire comes a few weeks after Crowell & Moring confirmed its discussions with New York’s Herrick, Feinstein about a potential merger.
Dickinson Wright recently welcomed back government contracts partner Scott MacGriff in Washington, D.C., from the U.S. Department of Justice, where he spent the past eight years as a lawyer in its national courts section. The post saw MacGriff spend more than three years as a Justice Department attaché in Afghanistan.
Having just turned 90, Weil, Gotshal & Manges senior partner Ira Millstein discusses his decades-long fight to reform corporate boards and his new book on the topic, published this month. Millstein believes directors of companies have a responsibility to improve Americans' view of the corporations they depend upon.
Whether it's hurling insults — or coffee — there's just something about depositions that drives lawyers and litigants to cross the line.
Two months after the SEC cracked down on the founders of Dakota Plains Holdings Inc., the midstream energy company filed for bankruptcy in Minneapolis shortly before Christmas. Dakota Plains, which is seeking a sale as part of its Chapter 11 proceedings, owes thousands of dollars to three law firms.
The veteran trial lawyer, best known for leading Apple's IP case against Samsung, is retiring after four decades at Morrison & Foerster.
Geoffrey Taber, a top Canadian technology lawyer and partner at Osler, Hoskin & Harcourt in Toronto, was killed along with his immediate family in a Dec. 24 fire at a remote cottage in Ontario.
Undefeated in college football this year, the University of Alabama Crimson Tide are the heavy favorites to repeat as national champions in January. If they succeed, Dean Altobelli, whose official title is “analyst” on head coach Nick Saban's staff, will take home his fourth championship ring since arriving in Tuscaloosa.
U.S. Attorney Preet Bharara issued a warning Tuesday to law firms: "You are and will be targets of cyber hacking, because you have information valuable to would-be criminals."
Female lawyers are still dramatically underrepresented in the equity partner ranks.
Large firms frequently file suit—or get sued—in all sorts of litigation, such as legal malpractice claims, bill arguments with ex-clients, partnership disputes and claims by ex-employees. While the suits make headlines at the time they are filed, often they are quietly settled or dismissed.
The United States trails other nations when it comes to attorneys' anti-money laundering requirements.
King & Wood Mallesons’ (KWM) struggling European arm has filed an intention of notice to appoint administrators.
The global law firm's innovation arm is helping to launch a variety of new tech solutions in an effort to help mitigate legal pain points.
Is that an icicle or my managing partner?
But in the spirit of the holidays, we're giving that a rest and highlighting the good work law firms are undertaking, especially this season. Whether it's through community service or pro bono projects, the legal profession each year gives back—in a big way.
It's a sight that has become more frequent in courthouses around the country: newly exonerated defendants, now free after years or even decades behind bars for crimes they didn't commit, joyously hugging relatives and attorneys and posing for news cameras. And it has also become more common to see those same parties back in court—this time as plaintiffs—seeking compensation for the years they've lost from the state and local governments that imprisoned them.
Even with Donald Trump's promise to eliminate the estate tax, trusts and estates lawyers expect a "stampede" of new work.
When news broke that Crowell & Moring was in talks to merge with a smaller New York firm, Herrick, Feinstein, the reaction of many in Washington was one of curiosity, but not surprise.
Few think the A in ABA stands for admirable. But the I in IBA could plausibly stand for inspiring. Imagine a bar association that acts more as a progressive voice for the profession than a self-serving lobby. As the presidency of Debevoise's David Rivkin draws to a close, the IBA is speaking out on everything from global warming to judicial corruption.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo announced on Monday that it reached a settlement agreement in a gender discrimination case filed against the firm by a former female associate.
The central problem afflicting most troubled law firms remains the same.
The embattled company has tapped Wilmer Cutler in a pair of investor suits. Meanwhile, CEO Elizabeth Holmes has turned to Cooley.
Yes, it's late in the game for the annual year-end collections push. But that doesn't mean you should throw in the towel and give in to the eggnog.
In a holiday party musical number for the ages, Edelson PC, known for suing the tech industry and law firms, takes aim at its foes in a 'Hamilton' parody that pulls no punches.
In what at first may appear to be an oversight, there isn't a single mention of intellectual property law on the website bio of Stephanie Parker, the lawyer who led the team that achieved last week's record-breaking $2.54 billion patent infringement settlement for client Idenix Pharmaceuticals.
A new suit claims the Department of Education is pulling the rug out from under public interest lawyers who were told they qualified for federal loan forgiveness.
Solomon spent more than three years as chief litigation counsel in the SEC's Enforcement Division.
Dozens of major law firms are lining up against their corporate clients in an awkward faceoff at the California Supreme Court.
Combine fake news with loss of civilian control over the military and the result is a really great movie.]
The president of the American Bar Association says that members don't sit on the sidelines, but rather are "working collaboratively every day with our diverse membership to make the ABA the world’s leading authoritative voice for liberty and justice."
Cooley has grabbed groups from Chadbourne & Parke and Pepper Hamilton to bolster its life sciences and international arbitration practice on the East Coast.
Welcome to The National Law Journal's third annual Elite Trial Lawyers report, in which we highlight 35 law firms that did some of the most creative and significant work on the plaintiffs side over the past three to five years.
Boeing used its in-house lawyers to clinch a $16.6 billion deal with Iran Air, as Rupert Murdoch’s 21st Century Fox seeks to consolidate its control over European broadcaster Sky, while Anheuser-Busch InBev unloads five beer brands in an effort to close on its acquisition of SABMiller.
John Steele of Florida and Paul Hansmeier of Minnesota filmed pornographic movies and enticed people to download them illegally, according to a federal indictment, then used phony copyright infringement allegations to "extort" millions of dollars in settlements.
President-elect Donald Trump once called the Foreign Corrupt Practices Act a "horrible law." Will the U.S. continue to play the role of global corporate corruption cop?
Two sources described the equity reallocation as a "bloodbath" for senior litigators.
The president-elect tapped David Friedman, a bankruptcy lawyer, Israel hawk and founding partner of Kasowitz, Benson, Torres & Friedman.
King & Wood Mallesons’ (KWM) former Europe and Middle East (EUME) senior partner Stephen Kon has resigned, as multiple firms circle various parts of the embattled business.
V. Gerard “Jerry” Comizio, chair of the global banking practice at Paul Hastings, has joined Fried, Frank, Harris, Shriver & Jacobson as a corporate partner in Washington, D.C. Comizio, who will head Fried Frank’s banking group, previously worked at now-defunct Thacher Proffitt & Wood.
The firm is advising Stone Energy Corp. and Illinois Power Generating Co. on their recent Chapter 11 filings in Houston. Andrews Kurth Kenyon and Porter Hedges are working with Latham on both new cases, the latest so far this year as the U.S. energy industry copes with sagging oil and gas prices.
If you're worried about gender equality in Big Law, perhaps you should discreetly inquire about your boss's political sympathies.
Milbank, Tweed, Hadley & McCloy on Thursday became the latest law firm to snag a departing federal prosecutor in New York, hiring Katherine Goldstein, who’s stepping down next month as head of the securities fraud unit in the Southern District U.S. attorney’s office.
Tucked into the Dodd-Frank Act was a transparency revolution. What will Trump's rollback mean for American policy on "conflict minerals" and "Publish What You Pay"? This is the first in a series of three Global Lawyer columns on anticorruption under Trump.
The European Union is to make a renewed attempt to wrench euro-denominated clearing business from London to the eurozone in a move that could cost tens of thousands of jobs in the U.K. capital.
Observers greeted the announcement that Burford Capital Ltd. would buy rival Gerchen Keller as a sign that the nascent litigation finance industry is maturing.
Marie-Joe Abi-Nassif, a trained opera singer and first-year associate at Latham & Watkins, will be performing Friday at New York's Carnegie Hall. She spoke with The American Lawyer about balancing her musical ambitions with her fulltime job as an M&A lawyer.
J. Warren Gorrell Jr., a longtime leader at Hogan Lovells until stepping aside two years ago, is preparing to retire at 62. He will remain chairman emeritus at the Global 100 firm he helped form through a transatlantic merger in 2010.
The deal combines the two largest litigation finance firms in a young but fast-growing industry.
U.S. law firms have dominated global capital markets work in 2016, according to Bloomberg’s preliminary legal adviser report.
Trevor Soames, who previously practiced at Howrey and Shearman & Sterling, joined the litigation powerhouse Tuesday. The antitrust lawyer had started his own boutique in November.
Lawyers at Shearman & Sterling, Munger, Tolles & Olson and Williams & Connolly are among those tapped by the bank and its executives to defend government investigations and class action suits.
Dentons is no longer talking to King & Wood Mallesons' European management about a potential deal to take over its distressed European and Middle East business. Dentons was revealed as being interested in KWM Europe a fortnight ago.
A suit by data privacy lawyer Jay Edelson seeks to hold Chicago's Johnson & Bell liable for lax security measures even though the firm never suffered a data breach. Lawyers are skeptical the case has a leg to stand on—but fearful if it does.
Washington, D.C.-based Crowell & Moring and New York-based Herrick Feinstein have signed a term sheet as part of advanced merger talks, sources said Tuesday. The proposed union would create a 570-lawyer firm with $478 million in gross revenue, while significantly boosting Crowell & Moring's position in the New York market.
Houston-based Susman Godfrey doesn't do things in understated ways—not in the way it throws a party or the way it pays its associates.
The legal industry can expect to see low single-digit growth in revenue and profitability next year, just as it did in 2016, according to a report by Citi Private Bank’s law firm group and Hildebrandt Consulting. Volatility in the market and stagnant demand for law firm services will help top firms continue to pull away from the rest of the pack.
The president-elect will meet with tech leaders this week, but some anticipate he'll look to pharma for an IP chief who supports strong patent rights.
After a tumultuous 2016, New York-based Scout Media Inc. filed for bankruptcy in the Big Apple last week, owing $356,800 to Wilson Sonsini Goodrich & Rosati and $150,000 to Friedman Kaplan Seiler & Adelman. The debtor has hired Womble Carlyle Sandridge & Rice to advise it in Chapter 11 proceedings.
The family members of a Malaysian financier at the center a $3.5 billion money laundering case involving the film "The Wolf of Wall Street" have asked to intervene in hopes of asserting a claim over several high-priced hotels and condos in New York and California, a Bombardier jet and music royalties.
Plaintiffs firm Seeger Weiss has added yet another former corporate lawyer to its partner ranks in litigator Jennifer Scullion.
The move is the second blow to Cravath's M&A group this year.
Efforts to pare back the Justice Against Sponsors of Terrorism Act have fallen short despite a gusher of cash from Saudi Arabian coffers to lobbyists from DLA Piper and Hogan Lovells.
A major report on boardroom confidence has revealed that the U.K.'s largest public companies are overwhelmingly downbeat on the country's economic outlook for 2017.
Lateral hiring is said to be critical to many firms' strategies, but 30 percent of laterals deliver less than half their expected book of business in their first year at the new firm, with another 21 percent delivering three-quarters or less, an ALM Intelligence report found.
A Williams & Connolly partner is representing the associate, who says he can no longer do legal work because of the incident.
A look at the Global 100 firms behind the latest batch of billion-dollar deals, including the Kremlin's $11.3 billion sale of a 19.5 percent stake in Russian oil giant Rosneft to global commodities giant Glencore and Qatar's sovereign wealth fund. Cleary Gottlieb, Linklaters and White & Case have landed roles on that sanctions-busting transaction.
Once again, the ABA has demonstrated its inability to deal with the biggest problem confronting legal education.
The struggling European arm of King & Wood Mallesons (KWM) is weighing "a number" of offers for parts of the business. The move comes amid talk of a pre-packaged administration for the branch of the firm, formerly known as SJ Berwin.
In the first public data security class action complaint against a U.S. law firm, Chicago-based Johnson & Bell was named in a lawsuit that says the firm failed to protect confidential client information.
Jonathan Judge, a litigation partner at Schiff Hardin in Chicago, carved out an interesting side career as a baseball statistician, with some calling him to the next Nate Silver. Now, like Silver’s switch from baseball to politics, he’s setting his sights on a new industry.
A leaked document produced by Magic Circle law firms Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters has revealed that the U.K. finance industry wants the British government to allow it to remain subject to European Union laws for up to five years after Brexit.
One of the lead lawyers in the historic legal challenge over whether the U.K. prime minister has the power to start Brexit has told The American Lawyer that he is “confident” an earlier ruling demanding the process be subject to a parliamentary vote will be upheld.
Folks, I can't make this stuff up.
Andrew Ceresney, the U.S. Securities and Exchange Commission enforcement director, will leave the agency by the end of the year, the SEC said Thursday.
Jason Brezler tried to do the right thing. The U.S. Marine Corps major warned his comrades in Afghanistan of a possible attack, but in his haste to do so, he sent a classified document from his personal email account. That got Brezler booted from the Marines.
The New York-based law firm Pryor Cashman can't avoid a malpractice lawsuit by relying on language in an assignment-of-rights agreement that the firm itself drafted for the client.
Greenberg Gross, a 17-lawyer firm launched in 2013, has announced it will pay its associates bonuses in excess of the level set by Cravath. But just how much remains unclear.
The situation at King & Wood Mallesons is coming to a head. Sources at the firm say that its beleaguered European arm is heading for a pre-packaged administration, the U.K. equivalent of bankruptcy, with negotiations already at an advanced stage. An announcement should occur in the second half of next week.
La Paloma Generating Co. LLC, a natural gas-fired power plant in Southern California struggling with increased competition from the renewable energy sector, filed for bankruptcy this week in Delaware. The company owes nearly $200,000 to three Am Law 100 firms.
The national labor and employment giant has expanded again by bolting on Cincinnati's Denlinger, Rosenthal & Greenberg. Jackson Lewis' addition of the smaller firm marks the latest merger move in what has been a particularly busy close to the year.
Dentons formally completed its tie-up with Australia's Gadens on Monday—more than a year after partners first approved the deal.
IP litigation hotshot Neel Chatterjee is only half-joking.
Hit with accusations that it cheated U.S. emission rules, the company has turned to a lawyer familiar with the issue—Volkswagen's lead attorney, Robert Giuffra Jr., a leader of Sullivan & Cromwell's litigation group.
Former Shearman & Sterling private equity partner partner Mark Soundy and tax partner Sarah Priestley have resurfaced at Goodwin Procter. Soundy is joining the Boston-based firm next week, with Priestley poised to join him at Goodwin Procter in January.
Mark Hastings, head of civil fraud at British firm Addleshaw Goddard, is leaving the firm to become a partner in the disputes practice at Quinn Emanuel Urquhart & Sullivan in London.
News flash: A number of not-so-highly ranked schools managed to get a high percentage (70 percent or more) of their graduates into full-time jobs that require JDs or are JD-advantaged.
The U.K.'s first publicly listed law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year.
The rapper, actor and businessman known as 50 Cent claimed that his former lawyers from Garvey Schubert Barer had failed to adequately represent him in an arbitration with a company that was set to market a line of headphones.
Former senator and Alston & Bird special counsel Bob Dole told The Wall Street Journal that he and his firm helped to arrange the president-elect's taboo-breaking telephone call on Friday with Taiwanese President Tsai Ing-wen. "It's fair to say that we may have had some influence," Dole told the paper.
Do lawyers have a special responsibility not to perpetuate fake news?
Kevin Arquit, head of the antitrust group at Simpson Thacher & Bartlett in New York, is poised to leave the firm for Weil, Gotshal & Manges on Jan. 1, 2017. Arquit, a former general counsel of the Federal Trade Commission and director of its Bureau of Competition, joined Simpson Thacher in 2002 from Clifford Chance.
James Quinn, a veteran litigator at Weil and longtime legal advocate for professional athletes, is representing a group of Ultimate Fighting Championship fighters that have formed a trade association to negotiate better terms with management of the mixed martial arts promotion company, which was sold for $4 billion in July.
An Oxford graduate is suing the prestigious university for 1 million pounds ($1.27 million), claiming that its “appallingly bad” teaching prevented him from having a successful career as a lawyer.
After his latest trial win against Johnson & Johnson, Houston's Mark Lanier says he has as much as $13 billion in verdicts under his belt. But who's counting?
Nicholas Walrath, a 2013 graduate of New York University School of Law, joined the firm in October.
Fisher & Phillips, an Atlanta-based labor and employment firm, announced Monday the formation of a pay equity group that seeks to assist clients in what some experts predict could be an active area of litigation in 2017.
More law firms than any other type of industry earned perfect scores on the Human Rights Campaign's survey of how employers treat their LGBT workforce.
As firms have evolved in size, reach and complexity, so has the demand for seasoned executives to manage the business of law.
Are these initiatives moving the needle or are they just great publicity opportunities?
The lawsuit claims that The Bandas Law Firm extracts "nuisance payments" by filing frivolous motions to hold up class-action settlements.
More large law firms are spreading the word about their medical cannabis practice capabilities as ethics rule changes and state legislation whittle down the amount of risk involved in providing that guidance. And they are hoping for a big payday.
Buchanan Ingersoll & Rooney has formed an affiliation with former Florida Gov. Jeb Bush and his consulting firm Jeb Bush & Associates, the firms announced Monday.
Allen & Overy, DLA Piper, Norton Rose Fulbright and Reed Smith are among a group of 20 law firms rated by clients as providing the best level of overall service.
In an otherwise slow week for mergers and acquisitions, one company made the biggest deal in its history.
With a month left to go, legal consultants say 2016 could approach last year's record for law firm combinations.
In an era when demand for legal services is softening, the country's largest firms are increasingly going to courts and arbitration against their former clients to collect fees in what consultants say is the "new normal."
Johnson & Johnson lost a $1 billion verdict on Thursday in a closely watched trial over a hip implant device made by its DePuy Orthopaedics Inc. division.
How State Farm's in-house counsel allegedly played a key role in an effort to influence a state Supreme Court ruling.
Johnson & Johnson lost a $1 billion verdict on Thursday in a closely watched trial over a hip implant device made by its DePuy Orthopaedics Inc. division.
Here we go again. The annual associate bonus season is now in full swing, with a growing number of firms committing to match the scale set earlier this week by Cravath, Swaine & Moore.
More than 30 law firms have asked a federal judge to award them legal fees and costs associated with a $14.7 billion class action settlement with Volkswagen, most filing after an order last week that barred attorneys from submitting liens against their clients' awards.
Kelley Drye & Warren has entered the Texas market through the acquisition of a 14-lawyer environmental litigation boutique.
Security experts tally law firm email addresses that have been compromised in third-party hacks. The results are troubling.
In an age of growing anti-Semitism around the world and on university campuses, it is insensitive to regard accusations of anti-Semitism as beating a dead horse.
Law firms with big immigration practices are fielding plenty of questions right now, but what comes next?
Leading Michigan firm Honigman has bolstered its corporate practice with addition of Tracy Larsen, while its litigation department faces a "nuanced" transition.
Alan Dershowitz takes issue with former Debevoise & Plimpton partner Louis Begley's points about discrimination against Jews—or lack thereof.
Seven years into the job, Preet Bharara is more than ready to extend his tenure as Southern District U.S. attorney.
Jasper Helder, the chair of Baker & McKenzie's Europe, Middle East and Americas international trade practice group, has joined Akin Gump Strauss Hauer & Feld's London office.
Among all the excitement of transatlantic law firm mergers and the ongoing saga at King & Wood Mallesons, news that Allen & Overy’s revenue increased by an impressive 13 percent in the first six months of the fiscal year got somewhat lost in the mix.
Davis Polk & Wardwell, which represents Baker Hughes Inc. in its pending combination with General Electric's oil and gas business, is also advising the Houston oil field services company in forming a new pressure pumping venture with CSL Capital Management and West Street Energy Partners.
Eight years after its collapse, the law firm Heller Ehrman is still battling over the legal fees earned by departed partners.
The move boosts the firm's head count to about 190 lawyers and shifts its center of gravity toward the Rockies.
Arnold & Porter Kaye Scholer and Eversheds Sutherland get a head start on the hiring front; Willkie, Proskauer and Goodwin Procter recruit from King & Wood Mallesons; Simpson Thacher and Sullivan & Cromwell dip into the lateral market; White & Case expands in Oz; and other notable additions from throughout The Global 100.
Allen & Overy has become the first magic circle firm to announce financial figures for the first half of 2016-17, posting a double-digit increase in revenues.
In a new YouTube video, the outspoken Posner called Roberts a "terrible" manager and blasted his opinions on gay marriage and free speech at abortion clinics.
November 29 will go down in history as a big day for Big Law, with news of no fewer than three transatlantic mergers.