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.
Cahill Gordon & Reindel, whose finances typically rise and fall with the bond markets, saw gross revenue hit $382.5 million in 2016, a nearly $20 million increase over the year before. Profits per partner at the firm remained mostly flat, as head count slipped below 300, to 296.
Since his election, President Donald Trump has not let go of his personal Twitter account—or his penchant for lashing out against companies on social media. That practice, unprecedented for a president in the internet age, has put companies on edge. And law firms are being called on to help corporate executives prepare for the fallout from drawing Trump's ire on Twitter. Cleary Gottlieb employed an acronym to describe the president's conduct: "SMA," for "social media attack."
Marking a fourth straight year of strong financial growth, Milbank, Tweed, Hadley & McCloy posted a double-digit percentage increase in gross revenue in 2016, as profits per equity partner topped $3 million.
Private plaintiffs lawyers with state and local government practices could benefit from changing federal enforcement priorities that are likely to prompt state attorneys general to devote more resources to fighting consumer and financial fraud and protecting the environment. But they shouldn't expect it to open the floodgates for more work.
As Massachusetts goes green—the commonwealth recently legalized marijuana for recreational use—at least one big, Boston-based firm is getting into the budding industry. Foley Hoag announced this week the formation of a new practice group led by partner Kevin Conroy focusing on the legalized cannabis space.
Akin Gump Strauss Hauer & Feld, which just inked a deal for a new office lease in Washington, D.C., saw gross revenue rise $50 million last year, to $980 million, while profits per partner hit the $2.1 million mark. The firm's total head count slipped slightly in 2016.
Debevoise & Plimpton has created a new leadership position for Mary Jo White, who returned to the firm Wednesday after chairing the Securities and Exchange Commission for nearly four years under the Obama administration.
The firm saw its gross revenue surge by more than $60 million in 2016, to $974 million, while profits per partner rose by nearly $1 million, to almost $1.97 million. Head count at Cooley hit 854, an increase of more than 50 lawyers from 2015.
On the same day that Fortress Investment Group announced its $3.3 billion sale to Japan’s SoftBank, a unit of the investment giant partnered with Australian litigation funder IMF Bentham on a U.S. litigation funding finance vehicle worth up to $200 million. The move comes two months after two rival litigation financiers agreed to merge.
By some estimates, the Kardashians made about $122.5 million in 2016, a figure about $80 million shy from what the famous family’s outside counsel at Dickinson Wright earned in gross revenue last year.
Joseph Garcia pleaded guilty to wire fraud last year. Prior to that, the con man appears to have worked with Sidley Austin on a case that led to fraud charges against the firm and one of its prominent partners.
The legal profession has long struggled with diversity and inclusion. HP Inc. took a novel step in announcing that the company may withhold legal fees from law firms that don't meet diversity staffing requirements. Kim Rivera, HP's chief legal officer and general counsel, on Tuesday detailed the genesis of the fee-holdback program—and the early responses. "I spoke to GCs and law firm partners across the country and much to my gratification, they were very open and collaborative," Rivera said.
In-house legal departments regularly encourage, and in some cases require, that outside firms have some level of diversity in staffing legal work. Hewlett-Packard Inc. has taken this mandate a step further—saying the company will withhold invoiced fees from firms that do not meet diversity requirements.
Stephen Cohen, who spent the past five years as associate director of enforcement at the U.S. Securities and Exchange Commission, has joined Sidley Austin as a securities and derivatives enforcement and regulatory partner in Washington, D.C.
Less than a year after suing Germany’s Stolmár & Partner over a failed combination, Philadelphia area intellectual property boutique RatnerPrestia has settled breach of contract, fraud and other claims against the Munich-based patent firm.
In a sign of a legal market where clients are as untethered to law firms as ever, a survey of legal buyers’ preferred Big Law brands has a new No. 1 for the first time in its six-year history. Jones Day topped the Acritas U.S. Law Firm Brand Index, released Monday, after ranking in second place for the previous five years to Skadden.
Ten months after a hacking scandal hit one of Panama's top law firms, prosecutors in the Central American country have arrested Mossack Fonseca name partners Ramon Fonseca Mora and Jurgen Mossack in connection with a massive bribery scandal at a Brazilian conglomerate.
British consumer products giant Reckitt Benckiser Group plc has turned to Davis Polk & Wardwell and Linklaters to handle its $17.9 billion acquisition of Mead Johnson Nutrition. Kirkland & Ellis and Cleary Gottlieb Steen & Hamilton have also landed roles on the transaction, which is the largest in Reckitt’s history.
Cadwalader, Wickersham & Taft saw its revenue decline in 2016 amid partner defections and office closures. But managing partner Patrick Quinn pointed to higher profits as a sign that the firm's tighter focus on core clients and practices is paying off.
Dechert has been dealt a blow in its long-running fee dispute with a former client, with a High Court judge in the U.K. ruling Friday that the company can proceed in its attempt to recover millions of dollars from the firm.
If there's a way to respond to a president who has taken aim at the federal judiciary, it's to speak with one voice. That's just what the Ninth Circuit did on Thursday with its per curiam opinion that struck back at the notion that a president's actions are unreviewable.
Boosted by some big contingency fees and strategic investments, Houston-based Baker Botts posted a record year in 2016, with revenue up 20.2 percent compared with 2015, and profits per partner up 36.6 percent.
Ultrapetrol Bahamas Ltd., a company that floats energy boats throughout South America, filed for bankruptcy in New York on Feb. 6. Zirinsky Law Partners, a firm formed last year by a former top bankruptcy partner at three Am Law 100 firms, is advising Ultrapetrol along with Hughes Hubbard & Reed and Seward & Kissel.
While former Akin Gump lawyer Jeffrey Wertkin awaits his fate after his arrest for trying to sell a sealed whistleblower suit for $300,000, let's take a moment to revisit some prominent attorneys who made a mess of things.
Lawrence Hill, a former chair of the tax controversy and litigation group at Dewey & LeBoeuf who joined Shearman & Sterling in May 2012 to co-lead that firm's financial services group, is headed to Winston & Strawn in New York. The hire is the latest high-profile addition by the Chicago-based Am Law 100 firm.
Federal prosecutors have accused an Akin Gump Strauss Hauer & Feld partner—and a government lawyer himself until last year—of hawking a copy of a nonpublic whistleblower complaint to a company facing a False Claims Act lawsuit.
The national labor and employment firm, already well-known in legal circles for being a pioneer in using business process improvements, is now looking to artificial intelligence to enhance its efficiency.
Latham & Watkins is poised to hire former Cleary Gottlieb Steen & Hamilton associate Wenchi Hu, most recently an associate director in the U.S. Securities and Exchange Commission's division of trading and markets, as a financial institutions partner in New York.
Howard Shelanski, who most recently served as administrator of the Office of Information and Regulatory Affairs in the White House’s Office of Management and Budget, will join Davis Polk & Wardwell's office in Washington, D.C.
Gregory Locke had an interesting Saturday evening. The associate Wilson Elser Moskowitz Edelman & Dicker in White Plains, New York, posted a message to Facebook on Feb. 4 documenting how he and a few other fellow passengers on a New York City subway train removed anti-Semitic graffiti.
Cozen O'Connor debuted a new practice group focused on institutional responses to sexual and gender-based harassment and violence, hiring five Philadelphia lawyers, including four attorneys from Pepper Hamilton.
Spurred on by President Trump's deportation priorities, a group of big-firm lawyers and nonprofit attorneys has launched a project to represent immigrants nationwide who are at risk for deportation and already has distributed a mass letter to hundreds of large firms seeking donations and pro bono work.
Thomas Siebel is either a man who stands up for his principles, or someone who uses his vast resources to grind his opponents into the ground. Either way, he's probably not someone you want to be litigating against.
The 2016 fiscal year results for the nation’s 200 largest law firms are starting to pour in. ALM’s reporters across the globe are providing early snapshots and analysis of how firms performed last year and what to expect in 2017.
Paul Scrivano, who a year ago took over as global head of M&A and private equity at O'Melveny & Myers, has left the firm for Ropes & Gray. O'Melveny & Myers has announced that partner Jay Herron will replacement him as leader of its transactional group.
Colin Cloherty, an ex-NFL tight end who once made it to the Super Bowl with the Indianapolis Colts before concluding his pro football career a few years later with the now big game-bound Atlanta Falcons, is embarking on a new journey. Cloherty spoke with The American Lawyer about his new role as a first-year Big Law associate.
Paul Hastings is advising Houston-based oil and gas explorer Vanguard Natural Resources LLC on its bankruptcy filing in Houston. Vanguard is the latest U.S. energy company to begin Chapter 11 proceedings within the past year.
Takata Corp.'s top lawyer in the United States, Eric Laptook, has left his post, weeks after the Tokyo-based automotive safety equipment maker agreed to pay $1 billion in criminal penalties to the U.S. Department of Justice.
The deans of 20 California law schools on Wednesday asked the state Supreme Court to temporarily lower the bar exam’s minimum passing score to let the State Bar study whether the number is unjustifiably high.
In choosing Neil Gorsuch for the U.S. Supreme Court, President Trump opted for a candidate with traditional credentials shared by most modern-day justices. A Colorado native with a degree from Harvard Law School, Gorsuch clerked for Justice Byron White and Anthony Kennedy on the Supreme Court. "In our legal order, it is for Congress and not the courts to write new laws. It is the role of judges to apply, not alter, the work of the people’s representatives," Gorsuch said at the White House.
Global firm Eversheds Sutherland made its formal debut on Wednesday, unveiling a new logo and website and cementing the most significant transatlantic tie-up since Norton Rose combined with Fulbright & Jaworski in 2013.
Nearly 50 percent of global general counsel and chief legal officers say they might end a law firm or outside counsel relationship this year because of underperformance, according to a new survey from the Association of Corporate Counsel.
Greenberg Traurig chairman Richard Rosenbaum responded quickly to Rudy Giuliani's comments, sending a letter to the firm that made it clear Greenberg Traurig was not retained to advise Trump on this executive order and that the firm values diversity and its immigrant roots.
Beth Brinkmann, a deputy assistant attorney general for the past eight years who headed the civil division’s appellate staff at the U.S. Department of Justice, has chosen Covington & Burling for her post-Obama administration landing.
Jared Bartie, who once served as general counsel of the upstart Xtreme Football League and World Wrestling Entertainment, has joined O’Melveny & Myers' high-powered sports practice as a partner in New York. The move is the second notable hire by O’Melveny & Myers in recent weeks.
Eric Liebeler, a former Kirkland & Ellis partner who left his role last year as administrative head of high-powered litigator Beth Wilkinson’s new firm, has joined Stinson Leonard Street as a partner in Washington, D.C.
The family of a Syrian child represented by Reed Smith has to delay plans to resettle in the United States after President Donald Trump's executive order placed an indefinite halt on Syrian refugees entering the country.
Cravath, Swaine & Moore, Slaughter and May and Wachtell, Lipton, Rosen & Katz are leading a team of firms that have landed lead roles on Johnson & Johnson’s proposed $30 billion buy of Swiss biotechnology company Actelion.
The definition of "debt collector" has become a central issue as Pepper Hamilton faces a federal lawsuit alleging that a partner used unfair debt collection practices in payment demands to his tenants that were printed on firm letterhead.
Blake Liggio recently made partner at Goodwin Procter, making him one of the first outwardly transgender partners at an Am Law 100 firm. Liggio and Goodwin Procter partner Scott Webster reflect on the challenges he faced and ways that large firms can create a more inclusive environment.
The administrators of King & Wood Mallesons’ (KWM) European arm have released details of the sums raised by the break-up and sale of the business in a letter to creditors that also sheds light on the failed efforts to secure a single-firm takeover.
The head of the Florida DEP is leaving to work for Foley & Lardner amid scrutiny over how much the state agreed to pay in legal fees, just months after the firm won a state contract to handle money Florida received from the Deepwater Horizon oil disaster.
A report issued Wednesday said that U.S. bankruptcy filings fell 5.9 percent in 2016 to their lowest number in a decade. Nonetheless, despite a drop-off in business-related cases, troubles in some industries like the energy sector have helped restructuring lawyers pick up some of the slack in demand for their services.
Crowell & Moring, which last week watched its Anchorage office join Holland & Hart, has also shuttered a small outpost in Cheyenne, Wyoming. Gov. Former state Gov. Dave Freudenthal, who helmed the firm’s presence in the city for the past six years, has started his own shop. Crowell & Moring is currently engaged in merger talks.
ATopTech, a software company on the losing end of a $30 million IP battle with Synopsys last year, filed for bankruptcy last week in Delaware. Arnold & Porter, Dorsey & Whitney and Wilson Sonsini are advising AtopTech in its Chapter 11 case. Arnold & Porter is owed at least $3.5 million for its work as special litigation counsel to the debtor.
Eversheds and its new U.S. merger partner Sutherland Asbill & Brennan will create a new bonus system to reward partners for facilitating integration once the merger between the two firms goes live on Feb. 1.
Poor leadership and a reluctance to deal with longstanding issues were the key factors behind the collapse of King & Wood Mallesons' European arm (KWME), according to a survey of London partners by sibling publication Legal Week.
Louis Cohen, a real estate of counsel at Foley & Lardner in Chicago who joined the firm last year after serving as international chair of the real estate, finance and banking group at Locke Lord, died last week in a mysterious parking garage fire. Cohen, 60, once helped the Super Bowl-bound Atlanta Falcons get a new stadium.
The top performing law firms continued to pull away from the rest of the Am Law 200 last year, according to a report released Monday by Wells Fargo Private Bank's Legal Specialty Group. Meanwhile certain regions, including the mid-Atlantic states, struggled to achieve even modest revenue growth.
The biggest deal of the week will take your breath away. Cravath, Herbert Smith Freehills, Jones Day, Kirkland & Ellis, Moore & Van Allen and Weil, Gotshal & Manges are advising on British American Tobacco’s $49.4 billion takeover of tobacco rival Reynolds American.
At least nine partners are poised to join Morgan, Lewis & Bockius from Orrick, Herrington & Sutcliffe. Once the mass move is complete, up to 40 lawyers and staff could head to the Philadelphia-based Am Law 100 firm, which has been busy in recent months bolstering its operations in Asia.
Covington & Burling has secured a $6.31 million contract to represent Ukraine's state-run oil company Naftogaz in an arbitration dispute against the Russian government over its 2014 incursion into Crimea.
The telecommunications equipment company, which filed for Chapter 11 protection Thursday in New York, is being advised by Kirkland & Ellis in its bankruptcy case. Holland & Knight is owed some $736,380 by the debtor.
The global legal giant's management told clients this week that the collapse of its legacy SJ Berwin business in the U.K. and Europe was the result of poor leadership and a lack of consensus among European partners, and described how King & Wood Mallesons plans to rebuild its operations across the region.
In a busy week for law firm combinations, Norton Rose Fulbright has acquired four-lawyer commercial law boutique Keller Snyman Schelhase in Cape Town, a move that comes six years after the global legal giant acquired one of South Africa’s largest firms.
Baker McKenzie and Buchanan Ingersoll & Rooney started 2017 by hiring diversity and inclusion officers, the latest in a series of large firms filling similar roles as they attempt to determine how diversity efforts fit into their businesses in a time of uncertainty.
J. Steven Baughman, a longtime IP litigator at Ropes & Gray in Washington, D.C., is leaving the firm for Paul, Weiss, Rifkind, Wharton & Garrison. Baughman is the firm’s latest high-profile lateral recruit.
Boies Schiller Flexner has brought on Ann O’Leary, a former top adviser to Democratic presidential nominee Hillary Clinton, as a partner specializing in nonprofit and philanthropic endeavors in Palo Alto, California.
King & Wood Mallesons (KWM) has confirmed the names of 17 partners who have agreed to stay on with the firm in the wake of the administration of its European, UK and Middle East (EUME) business. Seven partners will stay on to maintain a London presence for the firm, as will as a three-partner team in Frankfurt.
A pair of leading sports industry lawyers have left their firms for new digs. O’Melveny & Myers hired DLA Piper corporate partner Chuck Baker to chair its sports industry group out of New York, where longtime Weil, Gotshal & Manges litigator James Quinn is retiring from the firm at 71 to become of counsel at top trial boutique Berg & Androphy.
King & Wood Mallesons' (KWM) European arm has filed for administration in a move that represents the end of the line for the London-based legacy SJ Berwin business and the largest-ever law firm collapse in the U.K.
Raphael “Rafi” Prober, who spent almost two years at the U.S. Department of Justice, is returning to Akin Gump Strauss Hauer & Feld in Washington, D.C. Prober will handle congressional response litigation at the firm.
White & Case ranked No. 1 for M&A globally in league table rankings for legal advisers in 2016, according to data analyzed by Bloomberg and Mergermarket. The latter listed the Am Law 100 firm as working on 319 announced deals last year valued in excess of $665 billion.
A few days after Willkie Farr hired two energy partners from Cadwalader, Wickersham & Taft, Allen & Overy and Haynes and Boone have picked up three more partners from the firm. The moves come as Cadwalader seeks to refocus itself on financial services work, a process that will see the Wall Street firm close its Houston office.
Zachary Warren, a young lawyer who faced criminal charges alongside three executives at Dewey & LeBoeuf, has formally put the case behind him and has relaunched his legal career at one of the country's top law firms.
A crowdfunded legal action to determine whether Brexit can be reversed will begin in Ireland later this month. The suit seeks a referral to the European Court of Justice to rule on whether the U.K. can unilaterally revoke Article 50, which starts a two-year deadline for an EU member to complete its withdrawal from the political bloc.
The firm has recruited Cadwalader, Wickersham & Taft partners Paul Pantano Jr. and Athena Yvonne Eastwood in Washington, D.C., six years after the two FERC experts joined the latter in a high-profile lateral move from McDermott Will & Emery. Cadwalader said the moves are part of a plan to re-focus itself on financial services.
A five-lawyer team from Harness, Dickey & Pierce is leaving the IP-focused firm for Husch Blackwell. The group includes Rudolph Telscher, who once won a critical appellate ruling preserving the sanctity of fantasy baseball and argued the winning side in a 2014 U.S. Supreme Court case on patent fee-shifting.
Law firms are feeling increased pricing pressure from their clients, according to a report released Thursday but the Georgetown University Law Center and Thomson Reuters' Peer Monitor. How law firm leaders address it will separate the top firms from all the rest.
Jeffrey Randall, the co-head of the IP litigation group at K&L Gates, has left the firm a little over a year after joining its Silicon Valley office from Paul Hastings. His departure marks the latest in a series of notable partner-level defections from the firm in recent months.
London expects to lose its legal battle over whether it can start the Brexit process without wider parliamentary approval. The British government appealed a High Court ruling that parliament must be allowed to vote on triggering Article 50, which starts a two-year deadline for an EU member to withdraw from the political bloc.
The names of corporate law firms are not usually mentioned in major political news conferences. Lawyers are, or course. Nearly all of America has been introduced to David Boies, David Kendall, and Ted Olson. But most large law firm names are unrecognizable to the general public. Until Wednesday.
A year after absorbing Minneapolis-based Oppenheimer, Wolff & Donnelly, Fox Rothschild is raiding Twin Cities shop Lommen Abdo for a six-lawyer entertainment team led by Kenneth Abdo, a son of the firm's founding partner. Lommen Abdo is one of the largest firms in Minnesota.
A Morrison & Foerster associate who recently completed a U.S. Supreme Court clerkship will argue Wednesday against former solicitor general Seth Waxman in a major race discrimination case that involves the National Collegiate Athletic Association.
Goodwin Procter will take on a 26-lawyer team from King & Wood Mallesons (KWM) in London, with the group hire granted as part of a deal that also saw KWM drop litigation against the Boston-based Am Law 100 firm and corporate partner Richard Lever.
During a raucous political news conference that was unusually heavy with tax law theory, Donald Trump and Morgan, Lewis & Bockius partner Sheri Dillon outlined Wednesday how the president-elect would distance himself from his companies.
Dentons, which has made a big push into the Latin American and Caribbean markets in the past year, has expanded its web of verein-style partnerships to Monterrey, Mexico, by combining with local firm Canales Zambrano y Asociados and forming an affiliate on the island of Barbados after taking on three lawyers from Canada's BCF.
As Chadbourne & Parke and two female partners battle in court over discrimination claims, the firm continues to see head count changes, including the departure of a female project finance partner and the arrival of a bankruptcy attorney.
One way to solidify your relationship with clients is to hire lawyers from their legal departments. Another is to plant your partners in their positions. On both fronts, Jenner & Block recently scored twice.
John Carlin, who stepped down in October as the top official for national security at the U.S. Department of Justice, is joining Morrison & Foerster's New York office, where he will start a new global risk and crisis management practice at the firm.
King & Wood Mallesons' struggling European arm (KWME) has told all staff that they will not receive any salary payments ahead of the firm's imminent administration as its main lender, Barclays plc, will no longer authorize the payments. Quantuma has replaced AlixPartners as KUME's proposed administrator.
As King & Wood Mallesons' European arm continues to crumble, big firms around the world pick up some partner-level pieces; Baker McKenzie ditches its ampersand; DLA Piper heads to Chile; a former K&L Gates litigation leader starts his own firm; and other notable moves from throughout The Global 100.
Law firm leaders showed tepid confidence that important metrics like demand and revenue would grow in 2017, according to a survey conducted by Citi Private Bank's law firm group. But there are some positive indicators.
John Walsh, a former U.S. Attorney for the District of Colorado, is joining Wilmer Cutler Pickering Hale and Dorr as a partner in the Mile-High City, where the Am Law 100 firm has built up a small but impressive office over the past three years.
Six months after opening an office in Minneapolis, Jones Day has hired cybersecurity, privacy and data protection partner Richard 'Rick' Martinez in the Twin Cities from Robins Kaplan, where he chaired the firm’s privacy and cybersecurity litigation group.
As large U.S. firms jockey to stake out a global presence, Smith Gambrell & Russell is expanding its reach with new international offices in the United Kingdom and Germany. The Atlanta-based Am Law 200 firm is also adding seven lawyers to its New York office with the impending acquisition of New York boutique Balber Pickard Maldonado & Van Der Tuin.
Backed by a legal team from Wilmer Cutler Pickering Hale and Dorr, U.S. Secretary of State nominee Rex Tillerson laid out his answer this week to critics who claimed his financial ties to Exxon Mobil Corp. would create untenable conflicts of interest if he's confirmed.
Two former Dewey & LeBoeuf executives facing retrial are urging a Manhattan judge for permission to cross-examine the lead witness for the prosecution about a new cooperation agreement, calling the deal "extraordinary circumstances" that directly bear on the defendants' rights.
Legal consulting firms Altman Weil Inc. and Fairfax Associates have issued reports on the state of the law firm merger market in 2016. Last year may have missed out on setting a record for combinations, but it did confirm a trend: In the post-recession legal market, managing partners are more acquisitive than ever.
Fenwick & West, which recently opened an office in New York, has hired a tech and life sciences dealmaker away from Lowenstein Sandler, which in turn added a Morgan Lewis transactional partner to its tech group.
In the latest development in Uber Technologies' long-running workers' rights battle in Europe, a Swiss insurance agency has ruled that its drivers are employees for whom the company must pay social security contributions.
Jay Clayton, President-elect Donald Trump's nominee to lead the U.S. Securities and Exchange Commission, is hardly a high-profile figure outside the Wall Street deal-making circles in which he's made his career. Unlike outgoing SEC Chairwoman Mary Jo White, Clayton, a partner at Sullivan & Cromwell, is not a litigator or a member of the white-collar defense bar.
DLA Piper continues to profit from its role advising the administrators on the collapse of British high street retailer BHS, with a leaked document revealing that professional advisors racked up another million pounds in fees in less than six weeks.
Two former real estate associates at Sidley Austin in New York appeared Tuesday night on CNBC's "Billion Dollar Buyer," a reality TV show that sees billionaire Tilman Fertitta evaluate business proposals from small business owners. Unfortunately, the two ex-Sidley entrepreneurs behind Kelvin Natural Slush Co. didn't get a deal.
Lawyers from four top Am Law 100 firms are nearing the end of the marathon—and highly lucrative—bankruptcy involving the operating arm of Caesars Entertainment Corp. After a tumultuous hearing in Chicago that briefly threatened to prolong the case, a judge set the stage for a confirmation hearing later this month.
Herrick, Feinstein hospitality chair Paul Shapses is leaving the firm amid its merger talks with Crowell & Moring for Pillsbury Winthrop Shaw Pittman. The latter recently saw the co-head of its financial services regulation practice leave to start his own firm in four different cities.
Paul Smith, who argued and won the historic U.S. Supreme Court gay rights case Lawrence v. Texas in 2003, is leaving his partnership at Jenner & Block to teach at Georgetown University Law Center and to litigate for voting rights and campaign reform at the Campaign Legal Center, a nonprofit.
Amy Heller, a trusts and estates partner who joined McDermott Will & Emery in a high-profile lateral move in 2011, has left the firm for Skadden, Arps, Slate, Meagher & Flom. McDermott watched another private client partner leave its London office for Bryan Cave.
A litigation dispute in California against Bikram Choudhury, the founder of so-called hot yoga, has ended with his former British lawyer being awarded control of his business empire. In New York, a startup yoga clothing company, recently filed for bankruptcy, owing thousands of dollars in legal fees to two law firms.
A top Australian intellectual property lawyer who is a partner at Herbert Smith Freehills' Australian IP relationship firm has been charged with indecent assault, according to Australian and international media reports.
Former Cadwalader, Wickersham & Taft Asia managing partner Rocky Lee and Hong Kong capital markets partner Stephen Chan have located new homes in King & Wood Mallesons and Dechert, respectively, following the closing at the end of December of the New York firm's Beijing and Hong Kong offices.
She plans to return to teaching and advocacy, and will complete a book, upon leaving Harvard Law School at the end of the academic year. Minow has led the law school since 2009, when her predecessor Elena Kagan left to become solicitor general and later an associate justice on the U.S. Supreme Court.
Wachtell, Lipton, Rosen & Katz litigation partner George T. Conway III is being considered to serve as U.S. solicitor general in President-elect Donald Trump's administration, according to media reports. Conway's represented major corporate clients at Wachtell, where he's been a partner since 1994, and argued one case in the Supreme Court. On his thinking about presidential power: "In a case involving his private conduct, a president should be treated like any private citizen," Conway wrote in a 1994 op-ed challenging Bill Clinton's push to evade litigation of sexual misconduct claims. "The rule of law requires no more—and no less." Conway is married to Kellyanne Conway, who's set to become counselor to Donald Trump.
Amid a flurry of lawsuits and government probes spinning out from Wells Fargo & Co.'s fake-accounts scandal, a group of California plaintiffs lawyers teamed up this week to bring a new employment suit, looking to test out an expanded set of legal theories.
Famed civil rights activists. Notorious gangsters and the Kennedy assassins. A former football star whose murder trial continues to transfix the country. An ex-Stanford swimmer whose six-month sentence for sexual assault drew nationwide attention.
Barton Winokur, the former head of Dechert and a longtime member of the board of directors at Philadelphia-based CDI Corp., is facing a public call for his resignation from the company's board by two shareholders.
Richard Nichols, a Dallas-based lawyer who once worked at Wilson Sonsini Goodrich & Rosati and K&L Gates predecessor Hughes & Luce, has been let go from his role as executive director of the U.S. women's national soccer team. The move comes as the team seeks a new collective bargaining agreement.
You know the government lawyers who joined the top firms in the nation’s capital last year. And you’ve probably heard about the mergers to come for some in the city. But for reflection’s sake as a hectic 2016 comes to a close, let’s revisit the lateral group moves, from one Big Law shop to another, that redesigned Washington, D.C.’s legal landscape over the past 12 months.
Global legal giant Norton Rose Fulbright looks to new horizons; Akin Gump and Fox Rothschild reel in some new recruits; Cooley and Goodwin Procter keep growing; Weil make a high-profile antitrust hire; and other notable additions from throughout The Am Law 200.
Kirkland & Ellis has hired an antitrust clearance expert by bringing on of counsel Donna Peel. The firm’s new recruit spent the past six years as executive director of the Chicago-based Pro Bono Network.
Our annual publication of the U.S. Supreme Court's eggnog recipe comes with the usual admonition: It is potent stuff, not to be drunk before driving. But if you like classic eggnog, not the chemical brew that grocery stores offer, it is hard to beat.
The plaintiffs bar bids farewell to 2016 boasting some impressive achievements, including blockbuster settlements in auto emissions litigation and other cases. But there were also notable setbacks—sometimes delivered by opposing counsel, and sometimes involving lawyers on the plaintiffs' own side.
Laura Foggan, a longtime litigator at Wiley Rein and leader of the firm’s insurance appellate group, has joined Crowell & Moring as a partner in Washington, D.C. Foggan’s hire comes a few weeks after Crowell & Moring confirmed its discussions with New York’s Herrick, Feinstein about a potential merger.
Dickinson Wright recently welcomed back government contracts partner Scott MacGriff in Washington, D.C., from the U.S. Department of Justice, where he spent the past eight years as a lawyer in its national courts section. The post saw MacGriff spend more than three years as a Justice Department attaché in Afghanistan.
Having just turned 90, Weil, Gotshal & Manges senior partner Ira Millstein discusses his decades-long fight to reform corporate boards and his new book on the topic, published this month. Millstein believes directors of companies have a responsibility to improve Americans' view of the corporations they depend upon.
Two months after the SEC cracked down on the founders of Dakota Plains Holdings Inc., the midstream energy company filed for bankruptcy in Minneapolis shortly before Christmas. Dakota Plains, which is seeking a sale as part of its Chapter 11 proceedings, owes thousands of dollars to three law firms.
Undefeated in college football this year, the University of Alabama Crimson Tide are the heavy favorites to repeat as national champions in January. If they succeed, Dean Altobelli, whose official title is “analyst” on head coach Nick Saban's staff, will take home his fourth championship ring since arriving in Tuscaloosa.
Large firms frequently file suit—or get sued—in all sorts of litigation, such as legal malpractice claims, bill arguments with ex-clients, partnership disputes and claims by ex-employees. While the suits make headlines at the time they are filed, often they are quietly settled or dismissed.
But in the spirit of the holidays, we're giving that a rest and highlighting the good work law firms are undertaking, especially this season. Whether it's through community service or pro bono projects, the legal profession each year gives back—in a big way.
It's a sight that has become more frequent in courthouses around the country: newly exonerated defendants, now free after years or even decades behind bars for crimes they didn't commit, joyously hugging relatives and attorneys and posing for news cameras. And it has also become more common to see those same parties back in court—this time as plaintiffs—seeking compensation for the years they've lost from the state and local governments that imprisoned them.
Few think the A in ABA stands for admirable. But the I in IBA could plausibly stand for inspiring. Imagine a bar association that acts more as a progressive voice for the profession than a self-serving lobby. As the presidency of Debevoise's David Rivkin draws to a close, the IBA is speaking out on everything from global warming to judicial corruption.
In what at first may appear to be an oversight, there isn't a single mention of intellectual property law on the website bio of Stephanie Parker, the lawyer who led the team that achieved last week's record-breaking $2.54 billion patent infringement settlement for client Idenix Pharmaceuticals.
The president of the American Bar Association says that members don't sit on the sidelines, but rather are "working collaboratively every day with our diverse membership to make the ABA the world’s leading authoritative voice for liberty and justice."
Welcome to The National Law Journal's third annual Elite Trial Lawyers report, in which we highlight 35 law firms that did some of the most creative and significant work on the plaintiffs side over the past three to five years.
Boeing used its in-house lawyers to clinch a $16.6 billion deal with Iran Air, as Rupert Murdoch’s 21st Century Fox seeks to consolidate its control over European broadcaster Sky, while Anheuser-Busch InBev unloads five beer brands in an effort to close on its acquisition of SABMiller.
John Steele of Florida and Paul Hansmeier of Minnesota filmed pornographic movies and enticed people to download them illegally, according to a federal indictment, then used phony copyright infringement allegations to "extort" millions of dollars in settlements.
V. Gerard “Jerry” Comizio, chair of the global banking practice at Paul Hastings, has joined Fried, Frank, Harris, Shriver & Jacobson as a corporate partner in Washington, D.C. Comizio, who will head Fried Frank’s banking group, previously worked at now-defunct Thacher Proffitt & Wood.
The firm is advising Stone Energy Corp. and Illinois Power Generating Co. on their recent Chapter 11 filings in Houston. Andrews Kurth Kenyon and Porter Hedges are working with Latham on both new cases, the latest so far this year as the U.S. energy industry copes with sagging oil and gas prices.
Milbank, Tweed, Hadley & McCloy on Thursday became the latest law firm to snag a departing federal prosecutor in New York, hiring Katherine Goldstein, who’s stepping down next month as head of the securities fraud unit in the Southern District U.S. attorney’s office.
Tucked into the Dodd-Frank Act was a transparency revolution. What will Trump's rollback mean for American policy on "conflict minerals" and "Publish What You Pay"? This is the first in a series of three Global Lawyer columns on anticorruption under Trump.
Marie-Joe Abi-Nassif, a trained opera singer and first-year associate at Latham & Watkins, will be performing Friday at New York's Carnegie Hall. She spoke with The American Lawyer about balancing her musical ambitions with her fulltime job as an M&A lawyer.
J. Warren Gorrell Jr., a longtime leader at Hogan Lovells until stepping aside two years ago, is preparing to retire at 62. He will remain chairman emeritus at the Global 100 firm he helped form through a transatlantic merger in 2010.
Dentons is no longer talking to King & Wood Mallesons' European management about a potential deal to take over its distressed European and Middle East business. Dentons was revealed as being interested in KWM Europe a fortnight ago.
A suit by data privacy lawyer Jay Edelson seeks to hold Chicago's Johnson & Bell liable for lax security measures even though the firm never suffered a data breach. Lawyers are skeptical the case has a leg to stand on—but fearful if it does.
Washington, D.C.-based Crowell & Moring and New York-based Herrick Feinstein have signed a term sheet as part of advanced merger talks, sources said Tuesday. The proposed union would create a 570-lawyer firm with $478 million in gross revenue, while significantly boosting Crowell & Moring's position in the New York market.
The legal industry can expect to see low single-digit growth in revenue and profitability next year, just as it did in 2016, according to a report by Citi Private Bank’s law firm group and Hildebrandt Consulting. Volatility in the market and stagnant demand for law firm services will help top firms continue to pull away from the rest of the pack.
After a tumultuous 2016, New York-based Scout Media Inc. filed for bankruptcy in the Big Apple last week, owing $356,800 to Wilson Sonsini Goodrich & Rosati and $150,000 to Friedman Kaplan Seiler & Adelman. The debtor has hired Womble Carlyle Sandridge & Rice to advise it in Chapter 11 proceedings.
The family members of a Malaysian financier at the center a $3.5 billion money laundering case involving the film "The Wolf of Wall Street" have asked to intervene in hopes of asserting a claim over several high-priced hotels and condos in New York and California, a Bombardier jet and music royalties.
Lateral hiring is said to be critical to many firms' strategies, but 30 percent of laterals deliver less than half their expected book of business in their first year at the new firm, with another 21 percent delivering three-quarters or less, an ALM Intelligence report found.
A look at the Global 100 firms behind the latest batch of billion-dollar deals, including the Kremlin's $11.3 billion sale of a 19.5 percent stake in Russian oil giant Rosneft to global commodities giant Glencore and Qatar's sovereign wealth fund. Cleary Gottlieb, Linklaters and White & Case have landed roles on that sanctions-busting transaction.
The struggling European arm of King & Wood Mallesons (KWM) is weighing "a number" of offers for parts of the business. The move comes amid talk of a pre-packaged administration for the branch of the firm, formerly known as SJ Berwin.
In the first public data security class action complaint against a U.S. law firm, Chicago-based Johnson & Bell was named in a lawsuit that says the firm failed to protect confidential client information.
Jonathan Judge, a litigation partner at Schiff Hardin in Chicago, carved out an interesting side career as a baseball statistician, with some calling him to the next Nate Silver. Now, like Silver’s switch from baseball to politics, he’s setting his sights on a new industry.
A leaked document produced by Magic Circle law firms Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters has revealed that the U.K. finance industry wants the British government to allow it to remain subject to European Union laws for up to five years after Brexit.
One of the lead lawyers in the historic legal challenge over whether the U.K. prime minister has the power to start Brexit has told The American Lawyer that he is “confident” an earlier ruling demanding the process be subject to a parliamentary vote will be upheld.
Jason Brezler tried to do the right thing. The U.S. Marine Corps major warned his comrades in Afghanistan of a possible attack, but in his haste to do so, he sent a classified document from his personal email account. That got Brezler booted from the Marines.
The situation at King & Wood Mallesons is coming to a head. Sources at the firm say that its beleaguered European arm is heading for a pre-packaged administration, the U.K. equivalent of bankruptcy, with negotiations already at an advanced stage. An announcement should occur in the second half of next week.
La Paloma Generating Co. LLC, a natural gas-fired power plant in Southern California struggling with increased competition from the renewable energy sector, filed for bankruptcy this week in Delaware. The company owes nearly $200,000 to three Am Law 100 firms.
The national labor and employment giant has expanded again by bolting on Cincinnati's Denlinger, Rosenthal & Greenberg. Jackson Lewis' addition of the smaller firm marks the latest merger move in what has been a particularly busy close to the year.
Hit with accusations that it cheated U.S. emission rules, the company has turned to a lawyer familiar with the issue—Volkswagen's lead attorney, Robert Giuffra Jr., a leader of Sullivan & Cromwell's litigation group.
Former Shearman & Sterling private equity partner partner Mark Soundy and tax partner Sarah Priestley have resurfaced at Goodwin Procter. Soundy is joining the Boston-based firm next week, with Priestley poised to join him at Goodwin Procter in January.
The U.K.'s first publicly listed law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year.
The rapper, actor and businessman known as 50 Cent claimed that his former lawyers from Garvey Schubert Barer had failed to adequately represent him in an arbitration with a company that was set to market a line of headphones.
Former senator and Alston & Bird special counsel Bob Dole told The Wall Street Journal that he and his firm helped to arrange the president-elect's taboo-breaking telephone call on Friday with Taiwanese President Tsai Ing-wen. "It's fair to say that we may have had some influence," Dole told the paper.
Kevin Arquit, head of the antitrust group at Simpson Thacher & Bartlett in New York, is poised to leave the firm for Weil, Gotshal & Manges on Jan. 1, 2017. Arquit, a former general counsel of the Federal Trade Commission and director of its Bureau of Competition, joined Simpson Thacher in 2002 from Clifford Chance.
James Quinn, a veteran litigator at Weil and longtime legal advocate for professional athletes, is representing a group of Ultimate Fighting Championship fighters that have formed a trade association to negotiate better terms with management of the mixed martial arts promotion company, which was sold for $4 billion in July.
Fisher & Phillips, an Atlanta-based labor and employment firm, announced Monday the formation of a pay equity group that seeks to assist clients in what some experts predict could be an active area of litigation in 2017.
More large law firms are spreading the word about their medical cannabis practice capabilities as ethics rule changes and state legislation whittle down the amount of risk involved in providing that guidance. And they are hoping for a big payday.
In an era when demand for legal services is softening, the country's largest firms are increasingly going to courts and arbitration against their former clients to collect fees in what consultants say is the "new normal."
More than 30 law firms have asked a federal judge to award them legal fees and costs associated with a $14.7 billion class action settlement with Volkswagen, most filing after an order last week that barred attorneys from submitting liens against their clients' awards.
Among all the excitement of transatlantic law firm mergers and the ongoing saga at King & Wood Mallesons, news that Allen & Overy’s revenue increased by an impressive 13 percent in the first six months of the fiscal year got somewhat lost in the mix.
Davis Polk & Wardwell, which represents Baker Hughes Inc. in its pending combination with General Electric's oil and gas business, is also advising the Houston oil field services company in forming a new pressure pumping venture with CSL Capital Management and West Street Energy Partners.
Arnold & Porter Kaye Scholer and Eversheds Sutherland get a head start on the hiring front; Willkie, Proskauer and Goodwin Procter recruit from King & Wood Mallesons; Simpson Thacher and Sullivan & Cromwell dip into the lateral market; White & Case expands in Oz; and other notable additions from throughout The Global 100.
Mayer Brown has bolstered its corporate and securities presence in Chicago with the hire of Marjorie Loeb from her former role as a senior vice president and general counsel of Fiat Chrysler Automobiles NV.
As law firms race to collect from their clients and make their budgets this year, some may be considering another option: finding investors willing to buy their uncollected billings for cold, hard cash.
Lawyers for Russia’s state-controlled oil giant Rosneft manipulated court rulings in order to help it seize hundreds of millions of dollars in assets belonging to the now-defunct private oil major Yukos, the Financial Times reports.
Once again, Cravath, Swaine & Moore kicked off associate bonus season with a memo announcing its bonus scale, which was promptly posted to the legal blog Above the Law on Monday. Other firms quickly matched.
Uber Technologies Inc. said Monday that Cuatrecasas attorney Cani Fernandez will represent the company before the European Court of Justice in a landmark case determining how the ride-hailing service will be regulated in the EU.
The head of the U.K.’s central bank is working on a secret deal that would see British businesses retain access to the European single market for at least two years after the country leaves the EU, according to The Sunday Times.
Sidley Austin senior counsel and former Federal Communications Commission chairman Newton Minow received the nation’s highest civilian honor, the Presidential Medal of Freedom, from President Barack Obama on Nov. 22.
Civil libertarians have sounded alarms over President-elect Donald Trump's calls for mass deportations of undocumented immigrants and restrictions on Muslims entering the country. But as some Big Law partners have found in some recent racist encounters, a vocal segment of America is willing to go further.
The family of Christopher Zinski, a former Schiff Hardin corporate partner felled by a stroke four years ago, has secured a $20 million settlement in a medical malpractice suit filed against Northwestern Medicine Central DuPage Hospital in Chicago.
The Cleveland-based Am Law 100 firm is advising Ohio native Dave Chappelle on his comeback tour, one that after a Saturday Night Live appearance this month has snagged the comedian a $60 million deal with Netflix Inc. for three standup specials.
In his acceptance speech at The American Lawyer Lifetime Achievement Awards in New York City, the star litigator says he was wise to listen to legal secretaries, who often knew more about the nuts and bolt of lawyering than lawyers did.
A leading expert in partnership law has dismissed the possibility of partners at King & Wood Mallesons’ European arm having to repay two years’ worth of profits if they refuse the offer of a financial bailout from the firm’s Chinese partnership.
After nearly four decades in operation, The Big Apple Circus Ltd. filed for bankruptcy Sunday, with Debevoise & Plimpton serving as lead counsel to the Brooklyn, New York-based nonprofit on its Chapter 11 case.
In receiving The American Lawyer's Law Firm Distinguished Leader Award, Francis Milone says he got a hand up in life from strong community institutions that today don't work together well for immigrants and the poor.
With President-elect Donald Trump promising to "rip up" free trade agreements, the U.K.'s Brexit vote and nationalist movements gaining ground in other European countries, Baker & McKenzie's new chair is leading a firm known for cross-border dealmaking as protectionist rhetoric threatens to scuttle international cooperation and trade.
The U.K.’s Brexit future has become even less clear after the Supreme Court ruled that the Scottish and Welsh governments can join a historic legal battle over the country’s withdrawal from the European Union.
Cooley, Davis Polk, Orrick, Ropes & Gray, Wilson Sonsini and ZwillGen are advising on a long-awaited combination between leading daily fantasy sports providers DraftKings Inc. and FanDuel Inc. A dozen big firms have also grabbed roles on notable deals in the cosmetics, energy and health care space.
After nearly six months on the campaign trail, former Massachusetts Gov. Bill Weld has resumed working at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo in Boston. Weld took a leave of absence this summer after being tapped by former New Mexico Gov. Gary Johnson to join him on the Libertarian Party ticket for president.
On Friday the English Court of Appeal issued a landmark ruling affecting litigation funders who financed an unsuccessful $1.6 billion case against two U.S. oil companies. The court ruled that the funders, under the U.K.’s “loser pays” rule, could be forced to pay more than $24.7 million in legal costs for defendants in the case.
With the Trump transition team's selection of Sen. Jeff Sessions as the next attorney general, several Washington law firms—especially those with conservative leaning white-collar lawyers and lobbyists—could benefit from ties to the Alabama Republican.
At a time of political upheaval and uncertainty over the future of civil rights in this country, William Lee, a longtime partner and former co-leader at Wilmer Cutler Pickering Hale and Dorr, has a chilling story to tell.
The legal services industry isn’t exactly known for innovation. Lawyers are inherently conservative and change averse animals, and law firms have as a result tended to be years behind other professional services businesses when it comes to areas such as technology, working practices, business development and marketing.
Laurence Solov, a former partner at Katten Muchin Rosenman in Los Angeles, serves as president and CEO of the Breitbart News Network. Solov's friendship with the politically conservative site's late founder, Andrew Breitbart, enticed him to leave Big Law in 2008. But his former firm has continued to handle legal work for Breitbart.
Barnes & Thornburg managing partner Robert Grand, known for his ties to Republican causes, has been named to President-elect Donald Trump's inaugural committee. Barnes & Thornburg, which is close to Indiana Gov. Mike Pence, is one of many firms providing lawyers and potential appointees to the new administration.
Lewis Baach name partner Eric Lewis got a phone call from an old friend’s sister shortly after he wrote an op-ed in The New York Times in 2013 detailing his time playing under a high school football coach who was also a serial sexual predator. It would mark the beginning of a journey into his past.
Walter “Hawk” Newsome Jr., a former project manager at Wilson Elser, went on to get his law degree and now serves as head of the New York branch of activist group Black Lives Matter. After the recent election of Donald Trump to president, Newsome is now vowing to turn his organization into a Black Tea Party.
Top telecommunications litigator Andrew McBride's departure from Wiley Rein for Perkins Coie this week was not the standard lateral move within Big Law. Instead, it came after a period of solitary soul-searching following a medical emergency this spring.
Nine-month quarterly flash survey results from Citi Private Bank's Law Firm Group show further evidence of the continued challenges facing the legal industry. Associate salary increases have taken a toll on margins, according to Citi.
The U.K. might have to pay the European Union as much as 60 billion euros ($65 billion) in order to leave the political bloc in a process that could take longer than five years to complete, the Financial Times reports.
On Monday, Chadbourne & Parke filed papers asking a federal district court in Manhattan to dismiss a high-profile gender bias suit filed against the firm two months ago by litigation partner Kerrie Campbell in Washington, D.C.
A report by Ernst & Young states that London could lose 18,000 legal and accounting services jobs if the U.K. no longer has access to the single market once the country leaves the European Union. The accounting giant estimates that a loss of passporting rights for euro-denominated clearing could cost London a total of 83,000 jobs.
President-elect Donald Trump on Sunday chose Reinhold "Reince" Priebus, a partner on leave from Milwaukee-based Michael Best & Friedrich while he chairs the Republican National Committee, to serve as his chief of staff.
Whether or not President-elect Donald Trump will become a dealmaker or a divider in the White House remains to be seen, but the man who once wrote a book called "The Art of the Deal" could emerge as a so-called deal slayer for some huge transactions.
Arnold & Porter's merger with fellow Am Law 100 firm Kaye Scholer, announced Thursday, cuts into the traditions of Washington, D.C., as a separated legal outpost, one where the firm has been among the most prestigious for 70 years.
Leaders of Arnold & Porter and Kaye Scholer, which announced plans Thursday to combine on Jan. 1, 2017, talk about what bought them together. The deal is the only union between Am Law 100 firms so far in 2016.
Arnold & Porter and Kaye Scholer's ongoing tie-up talks have finally been consummated, as the two firms announced Thursday morning their plans to unify on Jan. 1, 2017, into Arnold & Porter Kaye Scholer.
A shock result following a highly divisive campaign with worrying racial undertones, stock markets crashing, currency tumbling, social media in uproar . . . anyone else getting a strong sense of deja-vu? The Dawn of Trump: It's like Brexit all over again.
A judge will decide whether former pharmaceutical executive Martin Shkreli can force his former lawyers at Katten Muchin Rosenman to hand over records that he claims will help show his innocence in a securities fraud case.
By Scott Flaherty, Christine Simmons, Meredith Hobbs and Roy Strom
As Americans head to the polls on Tuesday, law firms across the country are banding together in election protection efforts, readying to staff voter hotlines during what many expect could be a more contentious Election Day than any cycle in recent memory.
U.K. law firms continue to position themselves in an attempt to tap into the fast-growing financial technology market, with Addleshaw Goddard the latest to announce that it will offer free legal advice to startup companies.
Which large law firms are behind the biggest super political action committees during this election cycle? Perhaps not surprisingly, Perkins Coie, a longtime legal advocate for Democratic Party causes, and Jones Day, campaign counsel for Donald Trump, are just two Am law 100 firms racking up legal bills on behalf of super PACs.
A spate of partner defections from its European arm has global legal giant King & Wood Mallesons discussing the possibility of a deal with a U.S. firm, with Morgan, Lewis & Bockius emerging as a potential suitor.
Two years ago The American Lawyer tried and failed to persuade the Clinton Foundation to disclose how much it had paid its lawyers at Simpson Thacher & Bartlett to conduct a review of the charity's governance and operations. Thanks to WikiLeaks, we now have some answers.
Two months after the Am Law 100 firm was hit with a high-profile $100 million gender discrimination case, Chadbourne & Parke submitted its response Thursday evening to an amended complaint filed by two former female partners.
Linklaters partners voted Thursday to approve a package of reforms to the firm's lockstep system at a partners' conference in London. The long-awaited vote will saw partners consider a range of measures intended to increase lockstep flexibility, without going as far as introducing "superpoints" to reward star performers.
Global legal giant White & Case has confirmed plans to set up shop in Melbourne on Dec. 1 and in Sydney by early 2017 after adding three more lawyers from Herbert Smith Freehills. In September, White & Case hired 10 partners from the same firm.
Robert McDowell, a former commissioner with the Federal Communications Commission who joined Wiley Rein in 2014, has left the firm to co-lead the global communications practice at Cooley in Washington, D.C., McDowell is the latest top telecom industry partner to depart Wiley Rein in recent months.
Performance Sports Group Ltd., maker of Bauer ice hockey gear and Easton baseball equipment, filed for bankruptcy Monday as part of a plan to sell itself for $575 million to stalking horse bidders Fairfax Financial Holdings Ltd. and Sagard Capital Partners LP.
Willkie Farr, Wachtell, Paul Weiss, Jones Walker, Latham and Cleary Gottlieb are advising on CenturyLink’s $34 billion cash-and-stock buy of Level 3 Communications. The deal will create a combined business communications provider designed to better compete with market leaders AT&T Inc. and Verizon Communications Inc.
Baker, Donelson, Bearman, Caldwell & Berkowitz, a full-service Am Law 200 firm headquartered in Memphis, has agreed to merge with Baltimore-based Ober Kaler on Jan. 1, 2017. The two firms, which will form an 800-lawyer shop under the Baker Donelson banner, announced their combination Monday.
The ink has barely dried on the three-way merger agreement between British firms CMS Cameron McKenna, Nabarro and Olswang, but rumors are already circulating that an American firm may be joining the party.
A look at the big firms behind the latest billion-dollars deals announced within the past week, including AT&T's proposed $108.7 billion buy of Time Warner Inc. The mega-deal, which will likely receive a robust regulatory review, should be a boon to lobbyists for both companies.
Plaintiffs led by Chadbourne & Parke litigation partner Kerrie Campbell and former Kiev office managing partner Jaroslawa Johnson have filed an amended complaint in their $100 million gender bias suit against the firm. Proskauer is representing Chadbourne in the case, which now includes several individual partners as defendants.
Damon Vocke, a former president and general counsel at Berkshire Hathaway Inc. reinsurance subsidiary General Re Corp., said Wednesday that he would form his own boutique. Four other lawyers are joining Vocke as partners at his new firm, which will have offices in three cities.
Toby Myerson is leaving after 33 years at the firm, where he helped build a corporate department that has attracted high-profile lateral partners this year from Cravath, Swaine & Moore and Cadwalader, Wickersham & Taft.
The ongoing energy bust has claimed two more victims in Houston-based Key Energy Services Inc. and Fort Worth-based Basic Energy Services Inc., both of which filed for Chapter 11 protection this week in Delaware.
Wachtell, Sullivan & Cromwell, Simpson Thacher and Fried Frank are advising on a $4 billion cash-and-stock merger that will see Scottrade be acquired by TD Ameritrade and Toronto-Dominion Bank, better known as TD Bank. The deal unites two of the largest discount brokerages in the U.S.
Christmas has come early to Cravath, Swaine & Moore. The firm is advising British American Tobacco on a $47 billion cash-and-stock bid for the remaining stake in cigarette giant Reynolds American it doesn’t already own. Meanwhile, another longtime Cravath client, Time Warner Inc., has agreed on a $108.7 billion sale to AT&T.
Donald Trump's presidential campaign saw its monthly legal bills hit $500,000 in September, a sum that's almost half of what former Republican presidential nominee Mitt Romney accrued in all of 2012. And come November, any unspent funds in Trump's campaign coffers could be sent to his personal foundation, or used for litigation battles.
Peter Martyr, CEO of the London-based legal giant, said he's on a mission to transform how staff and lawyers work, putting flexibility at the heart of a plan to drive global efficiency and transform the business.
The Am Law 100 firm is owed a collective $1.57 million in fees from Implant Sciences Corp. and Sotera Wireless Inc., two companies that recently filed for Chapter 11 protection in Delaware and San Diego, respectively. A handful of other firms are also owed money by the debtors.
Baker & McKenzie, which has had a presence in Switzerland for more than 50 years, has hired a 10-lawyer team from local firm Froriep to bolster its presence in the country's financial services center of Zurich.
The former leader of Hinshaw & Culbertson has taken his years in management coupled with the firm's legal work on behalf of law firms to form a law firm consulting practice. Dewey & LeBoeuf's former general counsel, who joined Hinshaw last year, is part of the group.
Almost exactly a year after establishing its first presence outside the Americas with a German merger, Littler has expanded its European footprint by combining with 170-lawyer French firm Fromont Briens.
Energy company acquisitions dominated the billion-dollar transactional tables last week and a big deal announced over the weekend—one specifically structured to avoid Western sanctions—has yielded roles for a half-dozen firms from the U.K. and India.
Jim Prentice, a well-respected lawyer who worked at Canada's Fraser Milner Casgrain and once served as Alberta's premier, died at 60 on Oct. 13 with three other people in a plane crash in British Columbia. Prentice was once called "the chief operating officer" of Canada by the country's former prime minister.
Marvin Putnam and Marshall Grossman, two lateral hires by Latham & Watkins and Orrick, respectively, are the latest lawyers to represent clients caught up in the traveling circus that has become Donald Trump's presidential campaign. Gibson Dunn's Ted Boutrous Jr. and Beverly Hills litigator Charles Harder have also entered the mix.
Richard Friedman, the former head of New York's Sichenzia Ross Friedman Ference, has left the firm he co-founded in 1988 to join Sheppard, Mullin, Richter & Hampton. Three other partners are also making the move.
Jaroslawa Zelinsky Johnson, a former managing partner of Chadbourne & Parke's now-defunct Kiev office, has filed papers with a federal court in New York seeking to join a putative class action against her former firm filed in late August by current litigation partner Kerrie Campbell.
Sara Mandelbaum, a former staff attorney at the American Civil Liberties Union and Paul Weiss, has joined Akerman’s litigation group in New York. She is the Am Law 200 firm’s first hire from the OnRamp Fellowship, a program started in 2014 that seeks to bring women back into the workforce.
Trevor Soames, a former global antitrust co-chair at Howrey who joined Shearman & Sterling’s Brussels office with four other partners in 2011, has left the firm to start his own boutique. His departure marks the latest European exit from the storied New York firm, although two other Brussels-based partners will remain at Shearman.
Paul Hastings and Gibson Dunn see two purported recruits remain at a London-based legal giant; a bevy of moves at Chadbourne & Parke, Jones Day and Quinn Emanuel; Munger Tolles makes two high-profile hires; and other notable additions from throughout The Am Law 200.
John Gleeson, who left the Eastern District of New York to join Debevoise & Plimpton earlier this year, appeared before a New York appellate court this week to defend Wachtell against an Icahn-controlled company's malpractice claims.
Womble Carlyle Sandridge & Rice has become the latest large law firm to ink an agreement to use artificial intelligence platform ROSS Intelligence, which earlier this year signed on its first law firm clients.
The National Basketball Players Association, now under the leadership of former Skadden litigation partner Michele Roberts, recently filed its annual report with the U.S. Department of Labor. The union spent more than $1.8 million on legal fees to 14 firms in 2015-16.
Baker Donelson and Maynard, Cooper & Gale set up shop in new cities; Crowell & Moring sees two practice leaders depart; more exits at Cadwalader; McGuireWoods expands in San Francisco; and other notable additions from throughout The Am Law 200.
Rock Creek Pharmaceuticals filed for bankruptcy in Delaware last week, owing nearly $3.7 million to lawyers from more than 20 firms, including at least eight from the Am Law 200. The Sarasota, Florida-based company, formerly known as Star Scientific, once made headlines over a criminal complaint filed against a former Virginia governor.
I submit that Donald Trump has extremely legitimate reasons for not releasing copies of his federal or state income tax returns that are under audit, or those for which the statute of limitations has not already prescribed.
Marc Kasowitz, advising Donald Trump in his spat with The New York Times over its decision to publish his 1995 tax returns, has been retained to assist in the defense of Trump University in a case before a New York appellate court. Meanwhile, a Morgan Lewis partner received a letter from the New York AG's office over the Trump Foundation.
International Business Machines Corp. turned to its longtime lawyers from Cravath, Swaine & Moore to handle it recent purchase of Promontory Financial Group. The deal will expand the expertise of Watson Financial Services, an artificial intelligence and cognitive computing platform of increased interest to law firms.
Kasowitz, Benson, Torres & Friedman, which has previously represented the current Republican presidential nominee on numerous engagements, is now advising the real estate mogul as he responds to a New York Times report that disclosed details from his 1995 tax returns.
Fenwick & West and Wilson Sonsini Goodrich & Rosati are advising on the $1.4 billion sale of Silicon Valley-based mobile marketing platform AppLovin Corp. to a private equity firm. AppLovin gets its name from its founders’ love of the McLovin character in the 2007 film “Superbad.”
Cosi Inc. filed for bankruptcy this week in its hometown of Boston. The fast-casual restaurant chain has hired a 100-year-old firm to represent it in its Chapter 11 case, one in which it owes nearly $147,000 to New York’s oldest firm.
In what Cadwalader, Wickersham & Taft has called an attempt to refocus on its core clients, the Wall Street firm confirmed Thursday its withdrawal from bases in Beijing and Hong Kong. Fried Frank and Chadbourne & Parke have made similar moves within the past 15 months.
Faberge Baker Daniels, formed through a late 2011 merger, has named Thomas Froehle Jr. as its next chair and managing partner, replacing Andrew Humphrey in the role. The leadership change is effective March 1, 2017.
When it comes to deal lawyers and cybersecurity, the discussion is often over whether law firms are a weak link in their clients' data defenses. But what about lawyers' obligations to probe for cyber weaknesses within the companies doing the deals?
Big law firms often trumpet a new office in a new city as a sign of increased demand for the firm and an investment in the future. That's not the case with Manatt, Phelps & Phillips' new base in the Windy City.
A $5 billion agreement resolves billions of dollars in potential damage claims by disgruntled creditors, and brings the bankruptcy, which has spun off as much as $200 million in legal fees to a group of firms, a giant step closer to an end.
A year after Jones Day opened an office in Detroit following its representation of the Motor City in its landmark Chapter 9 case, the firm has hired litigation partner Arthur O'Reilly, a former vice chairman of Honigan Miller Schwartz and Cohn.
Sidley Austin, Fried Frank and Davis Polk are advising on a $3.2 billion cash-and-stock deal that will see CBOE Holdings Inc., owner of the largest U.S. options exchange, acquire Bats Global Markets Inc., the nation's second-largest stock exchange operator.
Bingham McCutchen may have dissolved two years ago into Morgan, Lewis & Bockius, but the Boston-based firm is still listed as an unsecured creditor in the bankruptcy this month of defense contractor Fansteel Inc. Outstanding legal bills also resulted in eight other firms being listed as creditors in two more bankruptcy cases.
There have been $100 billion in IT and software deals in 2016 and last week another $4.2 billion got tacked on to that sum with the sales of Infoblox Inc. and Avnet Inc.'s technology solutions business. A bevy of big firms grabbed roles on those two deals.