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Legal News

The AM Law Daily

Daily legal news from American Lawyer magazine.
By American Lawyer

Post Frequency: 9.5/day

Last Entry: March 30, 2011 at 21:00:00

Family Ties Help McGuireWoods Land Tiger Woods Divorce Role

Posted on August 23, 2010
Eight months after allegations about Tiger Woods's extramarital affairs hit the gossip pages, a divorce settlement has been finalized between Woods and his former wife, ex-model Elin Nordegren. Nordegren was advised by McGuireWoods, the firm that employs her sister.

Minnesota Bridge Collapse Victims Get $52 Million Settlement

Posted on August 23, 2010
A pro bono consortium of firms led by Robins, Kaplan helped negotiate the settlement with URS Corp., the San Francisco-based engineering company responsible for inspecting the bridge prior to its collapse.

The Churn: Lateral Moves and Promotions in The Am Law 200

Posted on August 23, 2010
McDermott Will & Emery welcomes back a former partner; Davis Wright Tremaine brings in a financial services partner; and Reed Smith's IP practice grows in Washington, D.C. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Weil Helps THL Prop Up Ailing Sterling Financial

Posted on August 23, 2010
Thomas H. Lee Partners and Warburg Pincus Private Equity have agreed to increase their stakes in Sterling Financial, enabling the struggling bank to raise $730 million from investors and stay afloat.

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DLA Piper Brings on Six IP Litigators from Hogan Lovells

Posted on August 23, 2010
The laterals, who will join DLA's Los Angeles office, will focus on patent litigation and patent prosecution.

HP, Topping Dell, Offers $1.6B For 3PAR

Posted on August 23, 2010
And sets off a bidding war for the data storage provider.

Ex-Philly Lawyer Charged With Embezzling $1 Million From Clients, Firm

Posted on August 23, 2010
Jeffrey Abramowitz, a former founding partner of Philadelphia's Klevan & Abramowitz, has been indicted on charges of embezzling more than $1 million from his former firm and its clients by lying to them about settlements in their cases.

Wilson Sonsini to Open Hong Kong Office

Posted on August 22, 2010
Weiheng Chen is joining from Milbank to launch the office for the Palo Alto-based firm and to serve as co-head of the China practice. Hong Kong is a logical next step, the firm says.

Dealmaker of the Week: Robert Townsend of Morrison & Foerster

Posted on August 20, 2010
The San Francisco?based partner led a team of nearly two dozen attorneys working on behalf of Intel Corporation as the microprocessor giant made a surprising splash in the technology-security sector by acquiring antivirus software maker McAfee, Inc., for $7...

Fried, Frank, Nixon Peabody Advise on NJ-SEC Settlement

Posted on August 20, 2010
The two firms help the Garden State reach a quick resolution--without incurring a fine--to Securities and Exchange Commission charges that it fraudulently marketed $26 billion�in government debt.

The Careerist: Jilted Associate Bites Back

Posted on August 20, 2010
Aspiring big firm associates must have infinite patience. Or deep wells of hope. How else to explain why so few of them have taken legal action against firms that reneged on their job offers?

Massachusetts Ruling Against DOMA on Hold

Posted on August 20, 2010
Same-sex spouses, who won a resounding victory last month in Massachusetts after a federal judge there declared a section of the Defense of Marriage Act unconstitutional, will have to wait to apply for the federal benefits that they have so far been denied...

City Bar, Holland & Knight and Cleary Partners Weigh In on Mosque

Posted on August 20, 2010
What do lawyers with past or current connections to lower Manhattan think of the controversy over the Park51 worship and community center?

Clemens Indictment Prompts Second-guessing of Pitcher's Legal Strategy

Posted on August 20, 2010
The perjury charge against the pitching great also presents a bit of potential awkwardness for Lanny Breuer, according to The Am Law Litigation Daily.

Rosy Revenue Results for Slater & Gordon

Posted on August 20, 2010
The world's first publicly traded law firm saw revenue rise 21 percent between this year and last.

Outsourcing: The New and Improved Business Model Big Law Needs?

Posted on August 20, 2010
If you're a new law school graduate looking for work, or an equity partner seeking to profit this year (and maybe next) from the leverage that high-priced associates add to your firm's bottom line, outsourcing sounds like a bad idea. But for those concerned about the long-run psychological well-being of the profession, the implications are more ambiguous.

The Bankruptcy Files: Power, Petroleum, and Electronics

Posted on August 20, 2010
Latham & Watkins, Anderson Kill, Brown Rudnick, Cadwalader, and Levene Neale nab roles on the latest round of noteworthy Chapter 11 filings.

Ropes & Gray Caught Up in Mass. Political Imbroglio

Posted on August 20, 2010
Two partners from the firm--including the wife of Massachusetts Gov. Deval Patrick--have found themselves in the middle of a controversy involving the head of the Massachusetts Bay Transportation Authority.

Litigator of the Week: Sandra Goldstein of Cravath, Swaine & Moore

Posted on August 20, 2010
Who knows what will happen in billionaire Ron Burkle's proxy contest for three Barnes & Noble board seats. But as lead counsel in the Delaware trial to determine the legality of B&N's poison pill, Goldstein helped assure that Burkle goes into the contest owning less than 20 percent of the company's shares.

Report: Chinese M&A on the Rise

Posted on August 19, 2010
Mergers and acquisitions involving Chinese companies has surged in the first half of the year over the same period in 2009, led by growth in Chinese acquisitions abroad, according to a recent report from PricewaterhouseCoopers.

NLJ: $298M Settlement Between DOJ, Barclays Bank Approved

Posted on August 19, 2010
A federal judge in Washington, D.C., on Wednesday approved a $298 million settlement between Barclays Bank and the Justice Department to resolve allegations the bank violated government sanctions in processing financial transactions with countries that include Cuba, Iran and Sudan...

The Careerist: Hire, Fire, Hire Again.

Posted on August 19, 2010
Firms need bodies. Laid-off lawyers need jobs. Easy match, right? It raises an obvious question: Why won't firms hire back some of their own laid-off talent?

Thursday (Mini) Deal Round-up: Two Banks Team Up and a Monkey Finds a New Home

Posted on August 19, 2010
First Niagara merges with NewAlliance to form a U.S. top-25 bank; and Saban continues to add to its stable of characters, as Julius the Monkey joins forces with the Power Rangers.

Trial Set in Pared-Down Discrimination Case Against Ballard Spahr

Posted on August 19, 2010
A D.C. jury will hear a former legal secretary's claims that the firm interfered with her rights under the Family and Medical Leave Act after her husband became ill with cancer.

Beyond GM: Firms Line Up For More IPO Work

Posted on August 19, 2010
General Motors isn't the only big company planning an initial public offering, and plenty of Am Law 200 corporate securities lawyers are lining up for a piece of the action.

The Lateral: Barbara Caulfield's Long and Winding Road

Posted on August 19, 2010
The new Kaye Scholer IP litigation partner has bounced around a lot over her nearly 40-year career. But she says every step along the way has made her a stronger lawyer.

Blackstone Taps Simpson for General Growth Investment

Posted on August 19, 2010
The Blackstone Group is keeping its Simpson Thacher lawyers busy these days, this time on a $500 million investment in the nation's second-largest shopping mall owner and operator, which is on the verge of emerging from bankruptcy.

Who Represents Corporate America 2010: The State of the Union

Posted on August 19, 2010
Last year, sibling publication Corporate Counsel notes, the question was whether the in-house/outside counsel relationship had changed. The answer, according to this year's version of the annual report on which firms are getting the work from the country's biggest companies, is that it has--in some surprising ways...

Wilmer Gets State Aid for Dayton Support Office

Posted on August 19, 2010
State and local Ohio officals have pledged $2.5 million to offset costs for the firm's new back office business operations center in the Birthplace of Aviation.

MoFo, Wilson Sonsini Lead on Intel's $7.7 Billion McAfee Purchase

Posted on August 19, 2010
The acquisition will enable the chip maker to expand on the security services it provides, a "fundamental component of online computing," according to Intel.

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