Following insider trading charges brought in May, former Bradley Arant Boult Cummings and Foley & Lardner partner Walter "Chet" Little formally denied the allegations in court on Thursday, entering a not-guilty plea alongside a co-defendant in the criminal case.
As Baltimore nears a recommendation for a police monitor under a consent decree with the U.S. Department of Justice, Venable remains as the only law firm in a select group of finalists vying for the role. Sheppard, Mullin, Richter & Hampton, meanwhile, has signed on for an additional three years—and fees of up to $6.4 million—in a similar role in New Orleans after its selection in 2013.
Charles Yang’s three-lawyer, cloud-based Ntellect Law found a fitting home this month when it merged with FisherBroyles, a pioneering firm that claims to be the largest in a growing crowd of virtual or cloud-based law firms.
Baker McKenzie's North America tax practice head Tom Linguanti has left the global legal giant to join Morgan, Lewis & Bockius. By linking up with John Magee, a high-profile tax controversy partner at his new firm, Linguanti finds himself on a team that over the years he often competed against for work.
Akin Gump Strauss Hauer & Feld, known for its work in the pro bono arena, has named Lauren Connell as its new pro bono counsel. Connell succeeds Fiona Brett, a well-regarded pro bono lawyer who suffered a personal tragedy last year, as she prepares to leave the firm.
Four decades after taking the court at what would eventually become the U.S. Open Tennis Championships, a longtime in-house lawyer at American International Group Inc. is headed to DLA Piper in New York, although he won’t be in attendance for the first serve festivities that start in the city later this month.
Do the prominent lawyers representing President Donald Trump, his family and his administration—many of them Jewish—have a duty to object publicly to his comments about the violence in Charlottesville, Virginia?
After President Donald Trump said there were “very fine people on both sides” of the violent clashes in Charlottesville, one of his top lawyers circulated an email equating Confederate general Robert E. Lee with George Washington and saying Black Lives Matter had been “totally infiltrated” by terrorists, The New York Times reported.
Before he became U.S. ambassador to Israel, former Kasowitz Benson Torres bankruptcy partner David Friedman represented real estate heir Robert Durst, who is listed in Friedman's U.S. government ethics disclosure. The disclosure form also shows Friedman made about $2.7 million from his partnership share in 2016.
Rather than return to Latham & Watkins, Zachary Fardon chose to build a King & Spalding office from the ground up in Chicago. He said he will build his new firm’s Windy City outpost with a focus on “caring, kindness and civility,” noting that those “those couplings are maybe too rare in the Big Law business.”
London-based Woodsford Litigation Funding Ltd. on Wednesday announced a $20 million investment deal with litigation boutique Lewis Baach Kaufmann Middlemiss—a move that comes less than a month after Woodsford opened its first U.S. outpost in Philadelphia.
When Rajesh De was first approached about joining the National Security Agency as its general counsel, advisers warned him he might be the last person standing between a free democracy and an Orwellian surveillance program. The reality wasn’t quite so dramatic, says De, who also served in the Obama White House and is now a partner at Mayer Brown. But during his tenure, what was long known as “No Such Agency” was forced to confront just how secret it really needed to be after the leaks by Edward Snowden.
In the days following the violent clashes between rival groups of protesters in Charlottesville, Virginia, that killed a 32-year-old legal assistant, some corporate executives have openly criticized President Donald Trump for his delay in condemning white supremacists. Some Big Law leaders have reacted to the president’s response.
In the midst of what some see as an uptick in libel cases, five attorneys involved in major defamation and First Amendment matters moved their practice this month from Levine Sullivan Koch & Schulz to Davis Wright Tremaine, including New York partners Katherine Bolger and Rachel Strom and Washington, D.C., partner Nathan Siegel.
Can we cut through the bull about why law schools are now accepting GREs for admission? The fact is that applications are falling, and law schools are desperate for hot bodies to fill their empty seats.
In recent years, Keurig single-serve beverage brewing machines have become ubiquitous in homes and offices, along with the small pods that go inside. But there's a lot of legal work behind bringing the K-Cup pods and Keurig Green Mountain Inc.'s other products to the thirsty masses. At the center of it all is Mike Degnan, the company's chief legal officer and group general counsel.
Wachtell, Skadden, Proskauer Rose, Foley & Lardner and Akerman are among a handful of large law firms advising on the proposed $1.2 billion sale of Major League Baseball’s Miami Marlins to an ownership group led by former New York Yankees star Derek Jeter and venture capitalist Bruce Sherman.
Los Angeles-based Munger, Tolles & Olson has been hired to represent the Hollywood studios and film companies behind a handful of box office blockbusters in several copyright infringement suits brought over their use of the MOVA Contour special effects system.
A report released Monday by the American Bar Association hopes to help the legal profession address addiction and depression by detailing sweeping changes that bar regulators, judges, law firms, law schools and others can make to address what the report says amounts to a crisis in lawyers’ well-being.
An Austin federal judge has ordered Baylor University to turn over to 10 female plaintiffs suing the school materials related to a Pepper Hamilton investigation that concluded that its administrators failed to protect women from sexual assault.
Heather Heyer, killed Saturday while protesting against a white nationalist rally in Charlottesville, Va., was an “empathetic” worker with a dry sense of humor, according to an attorney for whom she worked.
Grant & Eisenhofer has sued a former whistleblower client and two other law firms, alleging the whistleblower and her current lawyers conspired to strip Grant & Eisenhofer of its fee on a $280 million settlement.
Kenneth Frazier, the chairman and CEO of pharmaceutical giant Merck & Co. and a member of President Donald Trump's American Manufacturing Council, abruptly quit the administration's advisory committee following Trump's response to right-wing violence in Charlottesville, Virginia.
Heather Heyer, killed Saturday while protesting against a white nationalists rally in Charlottesville, Va., was an “empathetic” worker with a dry sense of humor, according to an attorney for whom she worked.
Plaintiffs in a 2-year-old lawsuit against Philadelphia’s Duane Morris filed an amended petition that ups their damage calculations to over three-quarters of a billion dollars, according to Houston lawyer Tony Buzbee, who represents the investor group behind the suit.
Firing back at gender bias allegations filed by a former associate, Steptoe & Johnson forcefully denied Thursday that it has a pay disparity between women and men and urged a Los Angeles federal judge to send a suit against the firm to arbitration.
Japanese auto parts giant Takata Corp., which followed its U.S. unit into a Delaware bankruptcy court this week, revealed in court documents that it is paying nearly $1 million per month in legal fees to an Am Law 100 firm advising it in product liability litigation over faulty air bags.
General counsel can try and reduce costs by demanding discounts or alternative fees from their outside counsel—but at the risk of pitting their own interests against those of the firm. An alternative could be collaborating with outside counsel to streamline processes so legal projects get done more efficiently and at a lower cost.
The lateral market for trusts and estates lawyers has been brisk in 2017. Baker McKenzie became the latest big firm to get into the recruitment game this year by bringing on private client partners Deb Doyle and Jack Newlin in Chicago from Greenberg Traurig, where they joined the latter in 2013.
William Glasgow helped intellectual property boutique Fish & Neave merge with Ropes & Gray a dozen years ago. Now, as the Am Law 100 firm unwinds part of that union, the semi-retired Glasgow reflects on the current state of Big Law. Oh, and he once tried to do business with President Donald Trump.
Orrick, Herrington & Sutcliffe has hired intellectual property litigator L. Scott Oliver as a partner in the firm’s Silicon Valley office. Oliver, who represented a music publisher in the 2000 suit that led to Napster's collapse, was most recently a partner at K&L Gates.
Quinn Emanuel Urquhart & Sullivan has brought back former litigation partner Andrew Schapiro in New York and Chicago. Schapiro, a former Harvard Law School classmate of President Barack Obama, spent the past three years in Prague as the U.S. ambassador to the Czech Republic.
As part of a small minority of partners of Southeast Asian descent and as Muslims in Big Law, Muhammad Faridi and Adeel Mangi feel a special sense of accomplishment from a victory that allowed the construction of a mosque.
With football season less than a month away, one former Big Law partner who represented the National Football League’s New York Giants and New York Jets on the construction of MetLife Stadium is getting ready for a new season of her own.
A few months after Cozen O'Connor and Reed Smith put their stamp on pro golf, London-based Ashurst has sponsored former England cricket captain Alastair Cook in a deal that will see the Anglo-Australian legal giant's logo featured on his bat for the next 12 months.
Jackson Walker has launched a miniraid on Andrews Kurth Kenyon in Texas, hiring a quartet of partners that includes a onetime federal prosecutor who will launch a white-collar criminal defense practice for the firm.
Six months after watching its Minneapolis managing partner Alan Kildow decamp for local firm Briggs and Morgan, DLA Piper has hired partner Michael Fisco from Faegre Baker Daniels, where he chaired his now former firm’s finance and restructuring practice. As for Kildow, he’s still the lucky father of an Olympic gold medalist skier.
More than a dozen attorneys and staff at Greenspoon Marder and some former Dewey & LeBoeuf partners are urging a Manhattan judge to show leniency at the sentencing of ex-Dewey CFO Joel Sanders, who was convicted in May of defrauding the firm's creditors before its collapse.
Citibank is attempting to recoup more than $3.2 million from the defunct intellectual property boutique Novak Druce Connolly Bove + Quigg, according to a lawsuit filed Tuesday against a pair of its former partners.
As former Napoli Bern lawyers continue to grapple with fallout from the plaintiffs firm's messy breakup, a federal judge in Rhode Island has dismissed defamation claims brought against successor firm Napoli Shkolnik by a rival asbestos attorney.
Curtis J. Mahoney, a Williams & Connolly partner who is the Trump administration's pick for a deputy U.S. trade representative post, reported $833,000 in partnership income from the Washington firm, according to documents the U.S. Office of Government Ethics publicly released Tuesday. The disclosure offers a rare look inside the storied Washington partnership.
Stephen Wigginton, a former U.S. Attorney for the Southern District of Illinois who joined Armstrong Teasdale two years ago, has pleaded guilty to driving under the influence of alcohol earlier this year. Wigginton was charged in May with fleeing the scene of an accident near the St. Louis suburb of Troy, Illinois.
Donald Dowling Jr., who joined K&L Gates two years ago from White & Case, is on the move again. Littler Mendelson, a labor and employment giant keen on expanding its global presence, recruited Dowling to the firm last week.
The leading lawyers on Chicago's new challenge to the Trump administration’s immigration policies are names that you've heard before. A half-dozen lawyers from Wilmer Cutler Pickering Hale and Dorr are representing the Windy City.
Geoffrey Berman, who co-leads the New Jersey office of international law firm Greenberg Traurig, is in consideration to lead the U.S. Attorney's Office in Manhattan, BuzzFeed reported Monday afternoon.
The market for large law firms continued to face demand headwinds in the second quarter of 2017, according to a new report Monday by Thomson Reuters Peer Monitor, but the largest firms continue to separate themselves from their smaller peers.
The firm has brought on Allen O’Neil, Christine Ryan and Emily Streett as partners in Washington, D.C., from Holland & Knight, where the trio joined the latter three years ago in a mass lateral move from now-defunct boutique Brickfield, Burchette, Ritts & Stone.
Nelson Mullins Riley & Scarborough has hired partner Bret Cohen in Boston to co-chair its employment litigation group. Cohen joins the firm from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, which six months ago settled a gender discrimination suit filed by a former female associate who filed a complaint about Cohen.
A Texas appellate court has thrown out a legal malpractice case against Fried Frank and one of its New York-based tax partners after finding a former client could not establish jurisdiction in the Lone Star State.
There has been a steady decline in contract and business tort cases since the economic crisis in 2009. But there's still plenty of litigation and some firms have kept busy by representing both plaintiffs and defendants.
Norton Rose Fulbright, now a defendant in a $100 million gender discrimination lawsuit that was originally filed against merger partner Chadbourne & Parke, is facing new claims that it aided and abetted Chadbourne's conduct by encouraging the firm to fire named plaintiff Kerrie Campbell before the merger deal closed.
Everyone has had a boss they wanted to pie in the face. But why get fired when you can do it for charity? Buckley Sandler helped raise $21,000 towards a record-breaking $1.79 million collected this year by the Legal Aid Society of the District of Columbia.
Morgan, Lewis & Bockius' association with Luk & Partners has received official approval from The Law Society of Hong Kong, establishing the combined entity as a registered foreign law firm in Hong Kong.
International trade partner Gil Kaplan appeared for his Senate confirmation hearing as under secretary of international trade at the Department of Commerce on Thursday morning. If confirmed, he'll be the sixth lawyer to join the Trump administration from the Atlanta-based firm.
New associate hiring at the nation's largest law firms offered a rare bright spot in an otherwise ho-hum 2016 entry level legal job market, according to the latest analysis by the National Association for Law Placement.
Greg Andres, a 13-year veteran of the U.S. Department of Justice, has left Davis Polk & Wardwell's New York office to become the 16th lawyer on a team led by special counsel Robert Mueller III—formerly of Wilmer Cutler Pickering Hale and Dorr—probing potential Russian interference in the 2016 U.S. presidential election.
Eleven years is a long time to wait for anything, but the legal team behind Los Angeles' bid for the 2028 Summer Games, which was blessed by the International Olympic Committee this week, has given every indication that it can go the distance.
The latest Big Law financial disclosure comes from Jeffrey Gerrish, the president's nominee to serve as deputy U.S. trade representative for Asia, Europe, the Middle East and industrial competitiveness.
While the ten-lawyer group respected both Chadbourne and Norton Rose Fulbright, Winston chairman Thomas Fitzgerald said, the combined firm was "inconsistent with how they had ran their practice," and the attorneys were "concerned about a number of conflicts."
A partner at Proskauer Rose told a Washington, D.C., federal court Monday that "rank-and-file" partners at her firm function as employees, not business owners, and the court should therefore reject Proskauer's bid to dismiss her $50 million gender bias lawsuit.
Two plaintiffs firms are urging New York judges to deny Reed Smith's claim to $6.75 million in attorney fees for its work as co-counsel in a securities class action, claiming the traditionally defense-side firm misled them in stating it was free from conflicts.
The Delaware Court of Chancery on Friday ruled that a top lawyer for William I. Koch will be allowed to testify on behalf of the billionaire in a bitter fight over investor rights that could determine the future of Koch's Oxbow Carbon firm.
Despite perennial complaints among associates about life in Big Law, rising paychecks, greater attention to associate satisfaction and a more cautious lateral market may be keeping young lawyers at their firms longer.
Benjamin Crump, a civil rights and personal injury lawyer known for representing the families of Trayvon Martin and Michael Brown after their shooting deaths, has started his own nationwide law firm with offices in Washington, Los Angeles and Tallahassee, Florida.
July was a busy month for billion-dollar M&A deals, as the European market began to show signs of recovery from a Brexit-induced shock, although the ensuing transactional trauma did not prove to be as devastating as initially feared. The sales of several payment systems companies this month generated key roles for nearly a dozen large firms.
Paul Chandler's father, a 92-year-old Holocaust survivor, would never have reconnected with other survivors from Nasielsk, a small town in Poland, if not for a three-minute video shot in 1938 that resurfaced in 2009. Now his son, a counsel at Mayer Brown in Chicago, is helping Nasielsk remember its history as a Jewish community.
For the first year, we have included a score for the percentage of female equity partners in the firms' overall A-List calculation. Below is a ranking of the Am Law 200 when it comes to what percentage of their equity partnership is comprised of women.
Riley Safer Holmes & Cancila, a firm formed in 2016 by a large group of ex-Schiff Hardin partners, has hired nearly a dozen lawyers led by Bryan Cave's Chicago managing partner Joseph McCoy and Schiff Hardin's antitrust leader and noted sports industry litigator Gregory Curtner. All but two of the firm's new hires are African American.
Pointing to the significant amount of time and money spent on the appeals process, the Pennsylvania Superior Court denied Pepper Hamilton's request to end its appeal in the defamation case that was brought, but recently discontinued, by the estate of Joe Paterno.
Baker McKenzie announced Wednesday the appointment of parental leave policy advocate Regine Corrado, a partner in its corporate and securities group, as managing partner of its office in Chicago, where the global legal giant has its roots.
Jones Day has continued building out labor and employment bench, bringing on Winston & Strawn partner Amanda Sommerfeld in Los Angeles and Dorsey & Whitney partner Joseph Hammell in Minneapolis, where Jones Day opened an office last year. The duo are the latest laterals lured to the growing legal giant’s ranks so far this year.
A massive Wells Fargo customer data breach was not the work of a hacker, but of the bank's own lawyer who failed to review an entire set of discovery documents, including information about the bank's wealthy customers, before it was shipped to a litigation adversary.
A former client of two Cozen O'Connor partners has lost his bid to disqualify the firm from representing his adversary in a construction payment dispute, based on his allegations that the firm mishandled conflicts in a lateral hire from Pepper Hamilton.
Baker Botts has recruited environmental partner Christopher Carr in San Francisco from Morrison & Foerster, where he was chair of the latter's environment and energy group and co-chair of the firm's unmanned aerial systems and drone group.
Kerrie Campbell, who was ousted from Chadbourne & Parke's partnership amid a lawsuit alleging the firm discriminated against female partners, has opened her own legal outfit, according to Washington, D.C., bar records.
Marcos Jimenez, the well-known litigator and former South Florida U.S. attorney who is representing ex-Panamanian President Ricardo Montinelli, has left McDermott Will & Emery to strike out on his own.
Former Long Island investment adviser Tibor Klein, who pleaded guilty Tuesday to a single count of conspiracy to commit securities fraud, was accused of using information obtained from his client and friend, former Arent Fox partner Robert Schulman, about the $3.6 billion merger of Pfizer Inc. and King Pharmaceuticals.
Barbara Klementz, managing partner of Baker McKenzie’s offices in Palo Alto and San Francisco and a regional leader of the global legal giant’s global equity services group and compensation and employment law practice, has been named its new California managing partner.
Juan Arteaga, a former associate and counsel at Simpson Thacher & Bartlett who most recently served as a deputy assistant attorney general for civil enforcement at the U.S. Department of Justice in Washington, D.C., has joined Crowell & Moring as an antitrust partner in New York.
A Massachusetts appellate court ruled Friday that Wilmer Cutler Pickering Hale and Dorr must face allegations that it improperly helped the majority owners of a biotechnology company client freeze out the company's minority shareholders.
Krevans, the former head of Morrison & Foerster’s intellectual property practice who helped lead Apple’s ferocious legal battle with Samsung over smartphone technology, died Wednesday of cancer at age 60.
Brad Scheller usually gets to work around 7 a.m. In his New York office, the patent litigator at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo keeps a spare, stand up string bass. It's not performance-ready, but his wife wanted it out of the house.
The rhythms of university life beckoned to a pair of Big Law veterans on either coast this summer, with partners departing Akin Gump Strauss Hauer & Feld and Gibson, Dunn & Crutcher for academic positions.
The Florida-based Am Law 100 firm has welcomed aboard Mark Kalpin, co-chair of the energy and cleantech group at Wilmer Cutler Pickering Hale and Dorr, as well as education and employment partner Janet Judge, who joins from her own solo shop.
The SEC wrote to Southern District Judge Valerie Caproni on Tuesday, indicating a possible deal with Dewey & LeBoeuf executive Joel Sanders, who was convicted in May of scheming to defraud investors in his former firm.
Cohen Milstein Sellers & Toll, a plaintiffs firm that has a track record of partnering with public sector clients, earned $5.4 million for its work on behalf of Chicago in a suit looking to collect higher taxes from Expedia Inc.
Charles Miller, who practiced for 11 years at Kasowitz Benson Torres, has moved to Tarter Krinsky & Drogin, where he will lead the midsize firm's new securities and financial services litigation group.
White & Case has been fined a record £250,000 ($325,700) by the U.K.'s Solicitors Disciplinary Tribunal for failing to identify a conflict of interest and protect confidential financial information in a $2.6 billion dispute involving Ukrainian oligarch Victor Pinchuk.
On the heels of a bombshell report by BuzzFeed that he runs a “sex cult,” R&B icon R. Kelly has retained a longtime lawyer to deny the shocking allegations. That attorney, Chicago's Linda Mensch, joined her current firm last year after leaving Bryan Cave in the aftermath of a suit filed against her, the firm and her star client.
Kim Severson, a trusts and estates partner at Dorsey & Whitney in Minneapolis and head of the firm's nonprofit foundation, has been tapped to serve as chair of its policy committee. Severson is the first woman to hold the firm in the firm’s 105-year history.
Fish & Richardson and client Gilead Sciences Inc. are slated to receive nearly $14 million in legal fees after exposing patent misconduct by Merck & Co. Inc. that helped Gilead shake off a $200 million infringement verdict.
Rimon has reeled in Orrick, Herrington & Sutcliffe commercial and intellectual property litigation partner Matthew Poppe in Palo Alto, California, and San Francisco. Poppe, who spent nearly 22 years at Orrick, is now a partner at Rimon, a small firm using part of the virtual model.
Struggling retail chains shopping for law lawyers in what might well become the year of the retail bankruptcy saw several of their ailing brethren dip into the Big Law ranks this month for a trio Chapter 11 cases. And Wachtell, Lipton, Rosen & Katz, a firm not down for advising debtors, appears to have a role in one case.
The Vocke Law Group, a small financial services and insurance firm founded late last year by former General Re Corp. general counsel Damon Vocke, has made its first new additions by bringing on two lawyers for its office in Stamford, Connecticut.
The Wilmer bigwig no longer represents Jared Kushner related to ongoing Russia investigations, but she continues to advise him on ethics issues and regarding his security and financial disclosures. That too will end but it's “hard to know” when, she said.
In a significant acquisition of corporate tech attorneys, Cooley has hired four partners in New York and Washington, D.C., from rival Wilson Sonsini Goodrich & Rosati. Cooley also has plans to hire up to 20 more lawyers to support their business, which could generate millions for the firm.
The firm revealed in a filing Wednesday that it accidentally kept copies of some documents from Anthony Levandowski, who is accused of stealing over 14,000 files from Google's self-driving car division.
After nearly four years as the Federal Trade Commission's top antitrust enforcer, Debbie Feinstein is returning in September to Arnold & Porter Kaye Scholer, where she will lead the global antitrust group, the firm said Wednesday.
Pittsburgh's growing startup and technology scene is hardly a secret. And now it's drawing the eyes of large law firms across the United States, as they begin to notice what local firms have been tapping into for years.
Sidley Austin is stuck facing a proposed class action accusing it, along with fellow law firm Tonkon Torp and a set of accounting firms and banks, of contributing to an alleged securities fraud by now-defunct investment fund Aequitas Management LLC.
Littler Mendelson's William Emanuel, one of President Donald Trump's nominees to the National Labor Relations Board, identified 49 former clients in a financial disclosure and said he would recuse himself, for up to a year, if any of the companies appear before the agency. Emanuel and fellow NLRB nominee Marvin Kaplan are set for confirmation hearings Thursday.
Christopher Wray, the King & Spalding white-collar partner who was nominated to replace fired FBI director James Comey, reported earning $9.2 million in his partnership share from 2016 and so far this year, according to financial documents made available Monday. Wray, a King & Spalding partner for nearly 12 years in the firm's Washington and Atlanta offices, also revealed numerous big-name clients in the required disclosure, released by the U.S. Office of Government Ethics. Wray is set to appear Wednesday for his confirmation hearing.
Despite early uncertainty about market volatility, global M&A activity is up 2 percent compared to last year, totaling $1.6 trillion for the first half of 2017, according to league tables released by Bloomberg LP and Thomson Reuters Corp. Skadden topped league tables when measured by number of deals by value during the first half.
Jaikaran "Jai" Singh, a former partner at Luce, Forward, Hamilton & Scripps and McKenna Long & Aldridge in San Diego, has become the latest alum of both firms to leave successor entity Dentons. Singh is now a member of the consumer law, finance and class action litigation group at Foley & Lardner.
Donald Vieira, a former chief of staff in the U.S. Department of Justice's national security division and leader of Wilson Sonsini Goodrich & Rosati's CFIUS and national security practice, has left the firm's office in the nation's capital for Skadden, Arps, Slate, Meagher & Flom.
David Rogers, the leader of McDermott Will & Emery's employee benefits practice and a recent nominee to take over as chair of the firm, is leaving with a group of nine other lawyers to join Winston & Strawn.
The San Francisco-based Am Law 200 firm, which has been dealing with a series of lateral defections in 2017, has quietly closed an office in Austin, Texas. The move by Sedgwick comes on the heels of other office closures in South Florida and Texas.
Cross-border combinations continued to propel law firm merger activity through the second quarter of 2017 as U.S. firms continue to look outside the domestic marketplace for growth opportunities, according to reports released Wednesday by legal consultancies Altman Weil Inc. and Fairfax Associates.
Salil Gandhi, of counsel at Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, is poised to join Goodwin Procter's technology companies group as a partner in New York as the latter looks to capitalize on a growing market for tech clients in the Big Apple.
A jury has awarded $180,000, including punitive damages, to a former associate of Ronald A. Blumfield P.C., who claimed the firm failed to pay him origination fees promised in his employment agreement.
The firm's proposed union with Morris Polich & Purdy will create a combined shop of nearly 450 lawyers in 16 offices stretching coast to coast. Clark Hill, which ranked No. 167 on The Am Law Second Hundred list, brought in $150.5 million in gross revenue last year.
Cozen O'Connor is accusing a partner's ex-client of using a complaint against the firm to delay a multimillion-dollar construction law arbitration, after the former client alleged that a group of lawyers handled conflicts improperly when they joined the firm from Pepper Hamilton.
The growing global legal giant has opened an office in Tashkent, Uzbekistan, after absorbing a 10-lawyer local firm. Dentons also released financial results showing an increase in gross revenue for its U.K. arm in 2016-17, although partner profits fell 9 percent.
When downsizing becomes necessary, it can be an extremely difficult and emotional process. However, a messy breakup benefits no one. Law firms can instead invest the time and resources to help ensure a smooth transition for the departing attorneys and staff.
A breach of contract or dog racism? It depends on who you ask. Michelle Kelban-Carteron, co-chair of the real estate practice at Latham & Watkins, has retained a high-powered New York real estate lawyer to press the cause of her five-year-old pit bull, Luna.
The Wall Street firm has joined the growing ranks of elite law firms turning to artificial intelligence in an attempt to cut costs and improve efficiency by signing a deal with British software company Luminance, which is part-owned by Magic Circle firm Slaughter and May.
Don’t micromanage. Be accessible. Mentor your employees. After leading the Justice Department’s criminal division, Leslie Caldwell and Alice Fisher have a few words of wisdom for corporate counsel and law firm managers. Fisher is now a partner at Latham & Watkins, where Caldwell, just five months out of the Department, will join her in September. In this podcast, the National Law Journal sat down with Caldwell and Fisher to talk about management, leadership, and what to watch at DOJ under President Donald Trump.
France has long been a challenging place in which to do business. The historically left-leaning country's high taxes and tough labor laws often have made it a frustrating market for international investors—and their lawyers.
By Tina Cohen and Jennifer Henderson, Law Firm Partnership & Benefits Report
When a seemingly happy and successful associate announces the decision to move on, his or her firm can be left feeling shocked and confused. This article provides insight behind these moves, and what law firms can do to make their top associates want to stay.
E-discovery professionals and litigators need to think differently about digital evidence, says Scott Reents. "The bigger story is that there is all this information out there, and we're drowning in it."
A federal appeals court has cleared Mayer Brown of a proposed class action accusing the firm of negligence and malpractice over a mistake made in 2008 in connection with a $1.5 billion loan extended by JPMorgan & Co. to General Motors Corp.
Thanks to its latest combination, serial acquirer Norton Rose now has around 4,000 attorneys, a quarter of which are in the United States, as well as a network of 58 offices in 32 countries, and annual revenues of about $2 billion.
Don't want to get sued for legal malpractice? Here's one over-lawyerly solution: Don't hire laterals. A survey of malpractice insurers states that conflicts of interest, often arising from lateral recruits, is the most common reason for malpractice suits.
Labaton Sucharow has hired four new lawyers in its securities litigation practice, adding one in its New York office and three others who will beef up the firm's recently launched Washington, D.C., outpost.
Sexual assault allegations against Larry Nassar, a former team physician with the USA women's gymnastics national team and an ex-employee at Michigan State University, has created key litigation and investigatory roles for a handful of large law firms. And the billable hours are increasing.
Takata was among the clients Dechert partner Steven Bradbury, President Trump's nominee for Transportation Department general counsel, identified on his financial disclosure form. "I recognize that I am recused for my entire time as general counsel, if I am confirmed, from all aspects of Takata recalls," Bradbury said. He reported earning nearly $1.15 million from Dechert between January 2016 and May 2017.
Big employers may be feeling some relief now that the Occupational Safety and Health Administration has scrapped a July 1 deadline for them to submit employee illness and injury reports to an online public database that was mandated under the Obama administration.
Janet Dhillon, a veteran corporate in-house lawyer who led the legal departments at US Airways and JCPenney and now oversees Burlington Stores Inc.'s team, was picked Wednesday for a seat on the Equal Employment Opportunity Commission. In a recent talk, Dhillon, who got her start at Skadden Arps, gave advice to law firms that want to do business with her company. Here are the highlights.
Tanenbaum Keale, formed five months ago when a group of Newark-based Sedgwick lawyers spun off into their own litigation firm, has done some growing since then, with four single laterals from various firms—including, of course, Sedgwick.
Indiana, Iowa, Kentucky and Ohio. Believe it or not, those are some of the hottest states for law firm mergers this year. And the trend continued this week when two firms expanded in the Hoosier State.
If President Donald Trump gets to fill another U.S. Supreme Court seat, he will have an experienced hand in Kirkland & Ellis partner Beth Williams guiding any nominee through confirmation. Williams is Trump's pick to head the U.S. Justice Department's Office of Legal Policy. Here are six things to know about Williams, whose nomination was considered Wednesday by the Senate Judiciary Committee.
No doubt many summer associates are thoroughly enjoying their jobs this season, but for those who feel anxious about their performance or worried about the impression they've made on hiring partners, here's some help.
Tanenbaum Keale, formed five months ago when a group of Newark-based Sedgwick lawyers spun off into their own litigation firm, has done some growing since then, with four single laterals from various firms—including, of course, Sedgwick.
Kirkland & Ellis, moving quickly to build up a private equity team in its new Boston office, has hired two partners from Proskauer Rose, including a leader of Proskauer's private investment funds group.
One of the most active firms in the legal marijuana space has been Greenspoon Marder, a Florida-based shop that has opened new offices across the country within the past year to cultivate clients in a growing field. Heather Burke, a California lawyer who has written for High Times, has become the latest to join the firm.
Haley Guiliano, a boutique firm specializing in patent prosecution and other intellectual property work, will officially separate from Ropes & Gray on Aug. 1. The new firm will combine operations with Shvarts & Leiz, a small shop comprised of fellow Ropes & Gray alums, and have offices in London, New York and San Jose, California.
In an effort to reduce its real estate overhead costs and promote flexible work arrangements, Faegre Baker Daniels is downsizing in South Bend, Indiana. The firm is moving from 40,000 sq. ft. of space at a 14-story office building to a mere 551 sq. ft. at an innovation complex across the street from the University of Notre Dame.
Jared Kushner's new lawyer in Washington, D.C., Abbe Lowell, already has connections to President Donald Trump—and Russia—through his New York law firm, Chadbourne & Parke, and its international merger partner, Norton Rose Fulbright.
The firm refuted claims that it breached a lawyer's employment contract, and instead accused the lawyer of misleading the firm about his ability to find plaintiffs for a potential class action over the 2011 Fukushima Daiichi nuclear power plant meltdown in Japan.
The fire that killed 79 people in London's Grenfell Tower was a U.K. tragedy, but it's also getting the attention of the securities plaintiffs bar in the United States. That could spell legal trouble for Arconic, the New York-based company that made the exterior paneling being blamed for the fire's ferocity—and potentially for its directors and officers.
Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc. The proposed acquirer, advised by Skadden, Arps, Slate, Meagher & Flom, is owned by China's Ningbo Joyson Electronic Corp. Big legal fees loom on the horizon.
As prosecutors prepare to try former Willkie Farr & Gallagher partner Keila Ravelo for fraud this fall, they are urging a federal judge in New Jersey to bar Ravelo from attacking a potential witness, attorney Gary Friedman, and to exclude arguments that could prompt sympathy with jurors.
Barry Mandel, a retired partner at Foley & Lardner and former head of the firm’s securities enforcement and litigation practice, and Denis Salmon, a former co-chair of the intellectual property group at Gibson, Dunn & Crutcher, are making the move to a California-based litigation financier.
As many young lawyers settled in for a summer or their first year at a large law firm, global legal giant Dentons recently cut ties with one of its Los Angeles-based associates under unusual circumstances.
Stroock & Stroock & Lavan is bringing on a four-person restructuring team. Brian Kelly, who was special counsel at Milbank, Tweed, Hadley & McCloy, is joining Stroock as a partner Monday, while Samantha Martin, who was an associate at Morrison & Foerster, has come aboard as special counsel.
Welcome to the 2017 NLJ 500, an annual survey that debuted nearly 40 years ago with 200 firms. In this year’s report, the number of lawyers working at the nation’s 500 largest U.S.-centric law firms in 2016 grew by about 2 percent from the previous year, to 163,700. The average lawyer count per firm bumped up slightly, to 327.
Los Angeles-based Tropio & Morlan has disbanded, with the bulk of its lawyers joining Wilson Elser Moskowitz Edelman & Dicker, while Beverly Hills-based entertainment law firm Freund & Brackey has broken up, with several of its lawyers landing at different locales.
The annual Battle of the Law Firm Bands took place in Washington, D.C., on June 22, featuring acts like the “Estoppelgangers,” “Nuclear Covfefe,” “Sutherland Comfort,” “The Perks” and “The Precedents.” Washington Wrap is a weekly roundup of Big Law and federal government hires and other Washington, D.C., legal news.
On Sunday, June 25th, Pride Month celebrations will culminate with parades across the country, from New York to San Francisco. Lawyers and staffers from many law firms will be participating in the festivities.
A Midwest experiment to provide trusts and estates legal services at a lower cost is showing signs of success. TuckerAllen, a subsidiary of St. Louis-based Louis Rice, has served 1,000 families in its 10 months of existence. This week it expanded by acquiring a small, local law practice.
British comedian John Oliver has a good defense in a defamation suit filed against him and HBO, the cable network that produces “Last Week Tonight with John Oliver,” said Floyd Abrams, a First Amendment litigation veteran and senior partner at Cahill Gordon & Reindel.
Larry Waks is representing an investment group that includes George Clooney on the roughly $1 billion sale of the premier Casamigos Tequila brand to global spirits giant Diageo plc, which is being advised by Sullivan & Cromwell.
A U.S. bankruptcy judge in Chicago recently approved payments to Kirkland, Jones Day and Proskauer Rose in the Chapter 11 case of casino and hotel giant Caesars Entertainment. The bankruptcy, winding down after nearly two years of proceedings, has brought more than $125 million collectively into those three firms' coffers.
By Bruce Lithgow, Law Firm Partnership & Benefits Report
How Lawyers Can Maximize Job Satisfaction Multiple studies suggest that lawyers are among the least satisfied of all professionals. What many lawyers fail to realize, however, is that satisfaction is not as elusive as it seems. If you are among the majority of attorneys who fall somewhere below 85% on the satisfaction scale, you can do something about it.
After David Higbee unexpectedly resigned to join Shearman & Sterling—taking four other antitrust partners with him—Hunton & Williams named Wendell Taylor to replace him as head of its Washington office.
Abdi Shayesteh, a former King & Spalding associate who held several Big Law and in-house roles, has created an online platform called AltaClaro that links lawyers to top legal professionals that provide mentorship and counseling necessary to advance their legal careers.
Joshua Sussberg, a business finance and restructuring partner at Kirkland & Ellis in New York, is no stranger to distress. But when he was diagnosed last year with a rare form of cancer, Sussberg had a new fight on his hands, and not one easily dispatched in bankruptcy court.
Even though it could idle some lawyers, partners from Baker Botts, Jackson Walker and Haynes and Boone voiced tentative support this week for legislation that would tax carbon emissions while gutting environmental regulation.
Leslie Caldwell has become the latest former head of the U.S. Department of Justice's criminal division to join Latham & Watkins. The firm announced Wednesday that Caldwell will join its white-collar defense and investigations practice in September. The former partner at Morgan, Lewis & Bockius will work out of San Francisco.
Andrea Jeffries, a high-profile intellectual property and technology litigation partner at Wilmer Cutler Pickering Hale and Dorr in Los Angeles, is headed to Jones Day. Jeffries, who spent more than six years at Wilmer, is the latest lateral recruit by Jones Day this year.
After watching a large group of lawyers decamp earlier this year, San Francisco-based Sedgwick has seen a spate of partner departures within the past month. Mintz Levin has landed two partners in Los Angeles, while Crowell & Moring and Troutman Sanders have made hires in other cities. As a result, Sedgwick has shed some staffers.
Ropes & Gray saw a pair of partners leave its headquarters in Boston this week for Am Law 100 rivals. Goodwin Procter has added real estate investments and transactions group co-head Marc Lazar, while private equity partner Jason Serlenga has joined Kirkland & Ellis’ new Boston office.
Lior Ohayon, who was co-leader of Stroock's corporate practice and chair of its private funds group, plans to join Willkie Farr & Gallagher as a partner in its asset management practice this week. The move continues a string of fund attorney exits from Stroock amid a recent leadership change.
Attorneys for Atlanta attorney Claud "Tex" McIver have accused Fulton County prosecutors of intentionally withholding exculpatory evidence generated by Atlanta police that would belie the murder charges currently pending against McIver in an emergency motion filed in Fulton County Superior Court on Monday.
A Manhattan judge has dismissed claims against Stroock & Stroock & Lavan brought by Brown Rudnick related to a legal malpractice dispute, trimming a defendant from a 5-year-old case that entangled three law firms and investment firm Stonebridge Capital.
Andrew Miller, a law student at George Washington University, defended Baker McKenzie partner John Rowley when he was assaulted last month in Washington, D.C. That heroic act helped Miller land a summer associate job at the firm this summer.
Wachtell, Weil, Sullivan & Cromwell, Paul Hastings and Latham & Watkins are advising various parties on e-commerce giant Amazon.com Inc.'s $13.4 billion offer to acquire organic upscale grocery Whole Foods Markets Inc.
Two years ago, the 520-lawyer firm set out to develop a legal project management strategy. The BT ValueWorks program now includes 125 lawyers and is budgeting matters that make up 10 percent of Barnes & Thornburg's revenue. Change management is an issue all law firms face.
Holwell Shuster & Goldberg, a five-year-old boutique that continues to be flush with litigation work from the financial crisis, will double its office space when it moves into three subleased floors from Simpson Thacher & Bartlett in midtown Manhattan by the end of the year.
Soupman Inc., a company that licenses the name made famous by the sitcom "Seinfeld," filed for bankruptcy on June 13 in Delaware, just weeks after its CFO was arrested for tax evasion. Polsinelli is seeking to save the debtor as it pursues a sale in Chapter 11. But some other large law firms face big writeoffs on their legal bills.
The vice president has turned to veteran litigator and McGuireWoods chairman Richard Cullen, who was once partners with James Comey, amid the special counsel investigation into President Donald Trump campaign ties to Russia.
Donald Clark Jr. led Butler Snow from the three-office, 140-lawyer regional firm it was in 2006, to a 330-lawyer international firm with offices in 24 locations. The 68-year-old has now been asked to continue his leadership of the firm until January 2020.
Diversity in the law is critical but the binding force of commonality will always be the greater strength, former Southern District U.S. Attorney Preet Bharara told nearly 100 current and former Milbank summer law fellows on Wednesday.
“It’s tangible, it’s real, it’s sensitive, it’s serious and it doesn’t look like it’s going to go away any time soon,” says one law firm partner of the diplomatic crisis currently roiling the Middle East.
After 41 years at Kirkland & Ellis, James Schink left the firm's Chicago headquarters in December for Quinn Emanuel Urquhart & Sullivan. Just six months later, however, Schink has quietly returned to his longtime home, which this week saw two other litigators decamp for Latham & Watkins in New York.
Lewis, Brisbois, Bisgaard & Smith snagged a five-lawyer team from Locke Lord in Sacramento led by corporate partner Scott Bartel. The group helped open Locke Lord’s office in the Golden State capital in 2011.
A pair of recent lateral hires by Freshfields Bruckhaus Deringer from Arnold & Porter Kaye Scholer have helped the Magic Circle firm swoop in for a lead role on the bankruptcy of Alitalia SpA. The ailing Italian airline sought Chapter 15 protection Monday in the Southern District of New York.
Nearly two months after voting to expel a former partner who is leading a $100 million gender bias suit against Chadbourne & Parke, the firm failed on Wednesday to escape a proposed class action alleging it's run by an " all-male dictatorship." Proskauer Rose, on the other hand, sought to dismiss a separate $50 million damages claim.
A proposed combination between Chadbourne & Parke and Norton Rose Fulbright scheduled to close sometime in the second quarter of this year is facing delays due to client conflicts. Norton Rose Fulbright, meanwhile, announced another deal this week with Australia's Henry Davis York.
Company policies such as mandatory retirement—a common practice adopted in partnership deals at major law and accounting firms—should be scrutinized as a possible violation of age discrimination laws, an AARP in-house lawyer told the U.S. Equal Employment Opportunity Commission on Wednesday.
Addleshaw Goddard's tie-up talks with Hunton & Williams have fizzled out nearly two years after they began, with the news coming as the British firm's discussions with Germany's Luther have also come to an end.
A relative of litigation funding, litigation insurance for plaintiffs can defray the cost of an unsuccessful case. TheJudge is a British outfit launching in New York as part of its plan to bring the product across the pond to U.S. companies and law firms.
Steptoe & Johnson government contacts partner Sharon Larkin in Washington, D.C., has teamed up with Bradley Arant partner Elizabeth Ferrell to form the women-owned government contracts boutique inside the Beltway called Larkin Ferrell.
Like many big firm lawyers, Locke Lord's Martin Jaszczuk built a practice representing clients hit by a wave of telemarketing suits. Now that he’s on his own, what happens if that torrent turns back to a trickle?
More than two months after adding a high-profile technology transactions team from Weil, Gotshal & Manges in Silicon Valley, Hogan Lovells has recruited Weil associate Christopher Moore as a partner in the Bay Area.
Norton Rose Fulbright and Australia's Henry Davis York will combine later this year after partners at both firms voted in favor of a union. The moves comes on the heels of Norton Rose Fulbright's agreement to combine with Chadbourne & Parke and absorption of a Vancouver-based firm on Jan. 1.
Kirkland & Ellis added another key bankruptcy case to its restructuring portfolio this week as San Francisco-based children's clothing retailer The Gymboree Corp. filed for Chapter 11 protection Sunday in Richmond, Virginia. Gymboree, the latest retailer to go bust this year, has also retained Munger, Tolles & Olson and Kutak Rock.
Barclay Damon, a growing Northeast regional firm, has rolled out new initiatives for associates that range from changes to compensation and bonuses to policies geared toward child care and working from home. "It's a hit to profitability in the short term," managing partner John Langan conceded. But, he added, "It's an investment in our future."
The Am Law 200 firm has hired commercial litigation partner Adam Grant in New York, where he spent the past two years at Polsinelli, having joined that firm in May 2015 from what is now Kasowitz Benson Torres.
Chicago-based litigation financier Longford Capital Management LP has hired director Marc Carmel to bolster its restructuring operations. Carmel comes from Paul Hastings, where he was of counsel after joining that firm from Kirkland & Ellis’ partnership in 2011.
A little more than a month after touting its hire of a four-partner project finance team from Chadbourne & Parke to open new offices in Dubai and Johannesburg, Covington & Burling has completed its acquisition of a team of associates and of counsel from the firm has Chadbourne prepares to combine with Norton Rose Fulbright.
The choppy seas of the restaurant industry have swamped another eatery in Joe’s Crab Shack, whose Houston-based parent company owes nearly $220,000 to a pair of high-powered, Atlanta-based labor and employment firms. Ignite Restaurant Group Inc., owner of the popular seafood establishment and casual dining chain Brick House Tavern + Tap, filed for bankruptcy in Houston on June 6.
Susman Godfrey has a policy when it comes to contract lawyers: The high-flying litigation firm discloses to clients exactly how much the temporary attorneys cost, and that's exactly what the client pays. In other words: No surcharge.
Sullivan & Cromwell saw another of its own chosen this week to serve in the Trump administration, as partner Steven Peikin was named a co-director of enforcement for the U.S. Securities and Exchange Commission alongside former Wilmer Cutler Pickering Hale and Dorr partner Stephanie Avakian, now the division's acting director.
Fenwick & West has hired James Koenig as a partner and co-leader of its privacy and cybersecurity practice in New York. Koenig said the practice is also hiring non-lawyer privacy and security advisers, making Fenwick the latest firm to say it can offer clients much more than traditional legal advice by having a multidisciplined team.
Partners may not have wanted a Labour Government, according to our survey published yesterday, but they feared the prospect of a hung parliament even more, with more than 60% of respondents believing activity levels would fall over the next 12 months in the event of no party winning an outright majority.
Weil, Gotshal & Manges, a firm familiar with high-profile bankruptcy engagements, took on a Chapter 7 case this week for The Pearl Theatre Co., a longtime off Broadway acting troupe in New York City. But Weil also scored a more lucrative assignment for an oil services company.
Among the throngs of suits gathered to watch James Comey Jr. testify before the Senate Intelligence Committee on Thursday, there was a notable absence: A personal lawyer at the former FBI director's back. But partners from a pair of Am Law 100 firms are said to be counseling Comey.
Cecily Sturge, the former wife of ex-Hunton & Williams partner Scott Wolas, has been accused of lying to federal agents about his whereabouts and trying to access his law firm retirement benefits. Wolas was arrested in April and charged with perpetrating a $1.5 million real estate fraud after being a fugitive for 20 years.
After nominating real estate practice head F. Chase Simmons to succeed W. Russell Welsh as head of Polsinelli late last month, the Am Law 100 firm confirmed his ascension to its top leadership role after a partnership vote Thursday.
Facing trials in Missouri and Los Angeles, Johnson & Johnson has called on lawyers from Sidley Austin and Dechert to fight claims that prolonged use of its baby powder caused women to get ovarian cancer.
After Arabella Mansfield took and passed the Iowa bar exam in 1869, she challenged the state law excluding her, in the process becoming the first female lawyer in the U.S. Nearly 150 years later, Mansfield is lending her name to a new rule aimed at closing the gaps between women and minorities in leadership roles in Big Law.
White & Case is bulking up its restructuring practice, adding partners Philip Abelson from Proskauer Rose and David Turetsky from Skadden, Arps, Slate, Meagher & Flom, amid increasing work in cross-border restructuring and junior creditor representation.
On the same day that King & Spalding partner Christopher Wray was nominated by President Donald Trump to serve as the next FBI director, the firm recruited a pair of Ropes & Gray finance partners for its London office.
Two months after longtime Fish & Richardson litigator Kathi Vidal took off to lead Winston & Strawn's Silicon Valley office, patent litigation partner Michael Rueckheim has followed her to the firm, along with two associates.
Kirtee Kapoor, head of the India practice at Davis Polk & Wardwell and a partner at the firm in Menlo Park, California, died Monday morning after being struck by a train at a crossing in nearby Atherton.
A Fulton County assistant district attorney argued Tuesday that the former Fisher & Phillips law partner facing murder charges in the shooting death of his wife should not be released on bond because he was attempting to influence witnesses and prominent public officials—foremost among them a Fulton County judge.
Sideman & Bancroft partner David Fermino has joined Kasowitz Benson Torres' white-collar defense and investigations practice in the Bay Area. The move comes two weeks after the New York-based firm's founding partner, Marc Kasowitz, was hired to lead President Donald Trump's personal legal team.
The firm has brought on Venable's Don Andrews as a partner in New York and leader of its new global risk and compliance practice, while also recruiting Morrison & Foerster partners William Veatch and Catherine Hagerty in San Francisco.
While one current partner at Wachtell, Lipton, Rosen & Katz made headlines Monday over his dismay at President Donald Trump, another lawyer who made partner at the firm nearly a decade ago has quietly left Wachtell's exclusive ranks.
Soon after President Donald Trump appeared to undercut the legal defense of his own immigration orders on Monday, he earned a rare Tweet from none other than George Conway III of Wachtell, Lipton, Rosen & Katz.
Tina Tchen, a former partner at Skadden, Arps, Slate, Meagher Flom, talks about firms losing talented women, how hard it was keeping her nose out of White House litigation, and if she'd ever go back to billable-hour life.
You are a partner in a law firm and you have decided to make a lateral move. You want it to be the right move to a better platform. Where do you start and how do you maximize the likelihood of a successful outcome? The more you are prepared to answer and ask questions, the greater the likelihood this next move will be an optimal one for you and the firm you are joining.
Kirkland & Ellis, which has been busy this year on the transactional and bankruptcy fronts, has picked up M&A roles for one of the world’s largest farm equipment manufacturers and one of its many private equity clients.
The firm's high-powered bankruptcy practice has picked up two more notable Chapter 11 cases. Kirkland & Ellis is serving as lead counsel to teen fashion retailer Rue21 Inc. and 21st Century Oncology Inc., as well as energy industry manufacturer AFGlobal Corp., in their recent bankruptcy filings.
DLA Piper has hired Michael Silva, a former in-house lawyer at GE Capital Corp. and the Federal Reserve Bank of New York, as a government affairs partner and chair of its financial services regulatory subgroup in New York.
Cozen O’Connor is facing allegations that it failed to properly handle conflicts in a multimillion-dollar construction law arbitration after hiring a group of construction lawyers from Pepper Hamilton.
Netflix's rise as a major buyer and distributor of content is changing the way films are financed in Hollywood, resulting in some high-dollar work for Tinseltown's deal lawyers—but less of it to go around.
Qualmet is banking on the idea that clients will pay to compare notes on working with different law firms, and that the law firms will pay to learn from those ratings. But firms may need a harder sell.
The global labor and employment giant, which became a Swiss verein in 2013 after expanding into Central America, has hired partner Yeris Nielsen to helm its office in Panama City. Three partners at Littler Mendelson recently left its base in the city to join a leading Panamanian firm.
President Donald Trump's Illinois finance chairman and his family owe $5.7 million in unpaid legal fees to Nixon Peabody related to a 95-day trial in 2014, a Cook County Circuit Court judge ruled Wednesday.
Womble Carlyle Sandridge & Rice and British firm Bond Dickinson will join forces without combining their finances, adopting a model similar to what Eversheds and Sutherland Asbill & Brennan just formalized.
Ex-Jones Day lawyers in the Trump White House received a blanket waiver clearing them of ethical conflicts, according to new disclosures. At least 11 other individuals in the White House, plus nearly all employees on the president's executive staff, are now allowed to take up some matters they may have worked on in prior jobs.
Tony Nasharr was a Big Law novice when his six-lawyer boutique was absorbed into Polsinelli in 2006. But he proved a quick study as Chicago managing partner, growing the firm's office into nearly 100 lawyers. As Nasharr prepares to step down, The American Lawyer caught up with him to discuss what he's learned in the Big Law trenches.
Kirkland & Ellis has brought back former senior litigation partner Stephen Patton as of counsel in Chicago, where since 2011 he has served in the $174,000-per-year role of corporation counsel for the Windy City.
Reed Smith has brought on two lawyers from Dentons to lead a new practice area in aviation and aerospace finance and commercial space business, extending a string of recent lateral moves in aviation law.
Lewis Roca Rothgerber Christie, which acquired a Southern California-based IP boutique last year, has recruited IP litigation partners Terry Ahearn and Stuart Bartow from McDermott Will & Emery and Paul Hastings, respectively, to serve as co-managing partners of its office in Menlo Park, California.
The National Football League Players Association's annual LM-2 filing shows that the labor union representing NFL players paid out sizeable sums within the past year to lawyers from Baker & Hostetler; Gibson, Dunn & Crutcher and Winston & Strawn. Another legal battle with the league potentially looms on the horizon.
Jenner & Block, having just recruited Akin Gump's energy regulatory co-chair Suedeen Kelly, is building out a new practice group after adding two more lawyers with experience at the Federal Energy Regulatory Commission. The move marks Jenner & Block's third new practice area in almost as many months.
Some dads say they're getting more support from their colleagues to take time off. They're also benefiting from an increasing base of other dads at their firms who have forged a path to make paternity leave more mainstream.
Clients are clamoring for legal solutions that are better, faster and less expensive. And in many corners of the profession, we already have the personnel, technology and know-how to make this happen. Missing, however, are business models that will reliably reward lawyers and their organizations for quantum leaps in legal productivity.
Cleary Gottlieb Steen & Hamilton, Kirkland & Ellis and Paul, Weiss, Rifkind, Wharton & Garrison grabbed key roles on the $14 billion merger between chemical giants Huntsman Corp. and Clariant AG, as well as another $2.36 billion deal that will create the nation's sixth-largest Internet and cable operator.
Four years after considering a potential U.S. Senate bid, former longtime Orrick, Herrington & Sutcliffe leader Ralph Baxter Jr. is pondering running on the Democratic ticket for a West Virginia seat in Congress, according to a newspaper report from his home state.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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, 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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?"
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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."
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.”
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
By Anna Zhang, Asian Lawyer, with Legal Week Staff
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.