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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

THE AM LAW 100: Wilson Sonsini Stands Strong in Silicon Valley

Posted on February 11, 2010
Thanks to cost-cutting measures and high-margin work, the Silicon Valley powerhouse had a better year in 2009 than its direct competitors. Revenue fell 6 percent to $501 million while profits per equity partner rose 4 percent to $1.44 million.

THE AM LAW 100: Schiff Hardin's Revenue Slips

Posted on February 11, 2010
Gross revenue slid by almost three percent at Chicago-based Schiff Hardin last year, but the 320-attorney firm still posted respectable numbers in revenue per lawyer and profits per equity partner.

Emerging Trends in Law Firm Litigation?

Posted on February 11, 2010
A case involving Kasowitz, Benson shows once again that firms are getting increasingly impatient with clients who aren't paying bills. Legal secretaries, meanwhile, may be getting increasingly impatient with firms not paying them overtime.

THE AM LAW 100: Drop in Profits, Revenue at Morgan Lewis

Posted on February 10, 2010
The 1,315-lawyer firm had a rough year, with partner profits falling 15 percent from 2008 levels.

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Cleary Advising Iceland in Ongoing Icesave Dispute

Posted on February 10, 2010
Iceland?s economy went into a deep freeze a little more than a year ago as the country's over-leveraged banks collapsed given the global banking crisis. Now Iceland's government has hired Cleary Gottlieb Steen & Hamilton, as well as the founding partner of Canadian firm Heenan Blaikie, for advice on a new round of negotiations with the U...

Kobre & Kim Lawyer Reps Kissing 'State Security Threat'

Posted on February 10, 2010
Coming little more than a week after the failed December 25 bombing attempt on a jetliner bound for Detroit, Haisong Jiang couldn?t have picked a worse time to sneak underneath a security barrier to deliver one more goodbye kiss to his flight-bound girlfriend...

Wilmer, Buchanan Tapped for Pro Bono Matters Related to Haitian Orphans

Posted on February 10, 2010
Wilmer's Reginald Brown and Jennifer O'Connor are representing a Texas man jailed in the Haitian orphan kidnapping case, while Buchanan's David Taylor is advising a Pittsburgh orphanage where 30 Haitian children are living after being airlifted out of the devastated island nation...

Colorado Considering Restrictions on Hiring of Outside Counsel

Posted on February 10, 2010
A Republican state legislator in Colorado is proposing a bill to restrict the ability of the state?s executive branch to hire outside counsel. The bill comes after an imbroglio arose last summer when Gov. Bill Ritter, a former Hogan & Hartson partner, hired his firm for legal work over lawyers from the state attorney general?s office...

Saul Ewing Partner Steps Down as PaPike Vice Chair

Posted on February 10, 2010
Public finance lawyer Timothy Carson has resigned as a vice chairman of the Pennsylvania Turnpike Commission over revelations about two past drunk-driving incidents. The lawyer also is no longer employed by his firm, Saul Ewing, a spokesperson confirms, though no reason for the departure has been offered...

The NALP Debate Heats Up

Posted on February 10, 2010
As firms and law schools await the formal announcement of a new recruiting system, more are speaking publicly about the commission's initial recommendations.

THE AM LAW 100: Barnes & Thornburg Makes Strong Showing in 2009

Posted on February 10, 2010
New offices and added partners meant increased revenue and higher profits for the Midwestern firm in 2009.

China Indicts Rio Tinto Executives

Posted on February 10, 2010
Chinese prosecutors have indicted four executives of Anglo-Australian mining giant Rio Tinto, charging them with bribery and infringing on trade secrets.

THE AM LAW 100: Revenue, Profits Down at Schulte

Posted on February 09, 2010
The New York firm, best known for its investment funds practice, reported a drop in gross revenue and profits in 2009. But Schulte isn't offering any apologies for the numbers. "We view last year--given what happened to the world and what happened to a lot of our clients--as an extremely strong year," says partner Alan Waldenberg.

Ruden McClosky: "We're Not Dissolving"

Posted on February 09, 2010
The firm has lost more than 50 lawyers since early last year, including dozens to Adams and Reese. But rumors of its demise are false, the firm says.

The Lehman Examiner's Report Will Not Be Public...For Now

Posted on February 09, 2010
A 2,200-page report compiled by Jenner & Block chairman Anton Valukas, court-appointed examiner in the Lehman Brothers bankruptcy, is under seal. But that could change before a scheduled bankruptcy court hearing early next month.

THE AM LAW 100: Litigation, IP Prop up Perkins in 2009

Posted on February 09, 2010
Perkins Coie reported a modest revenue increase of 2.06 percent in 2009, while profits per equity partner declined a quarter of a percentage point at the Seattle-based firm. Work in litigation and IP, as well as cost cutting measures, were key to the firm's flat financial performance.

Cravath Calls Airgas's Claims a Bunch of Hot Air

Posted on February 09, 2010
Lawyers representing Cravath, Swaine & Moore have denied that the firm breached its fiduciary duty to industrial gas producer Airgas by representing rival Air Products on a $5.1 billion takeover offer for the company.

The "Amateur" Sports Chronicles: An Academic and Olympian Look at Sports and the Law

Posted on February 09, 2010
We talk to an O'Melveny partner who carried the Olympic torch on Monday in British Columbia and examine some of the thorniest legal issues college athletics.

THE AM LAW 100: At Buchanan, Revenue Down, PPP Up

Posted on February 09, 2010
The Pittsburgh-based firm posted a 3 percent dip in revenue and a 10 percent drop in the number of full-time equivalent lawyers for the second year running.

Stuy Town Tenants Hire Paul Weiss

Posted on February 09, 2010
Paul Weiss is wading into the fray between tenants of Manhattan's largest apartment complex and bidders for the development that was returned to creditors last month. The firm is advising the Stuyvesant Town-Peter Cooper Village Tenants Association on the sale of the properties.

Head Count Drops at Texas Firms

Posted on February 09, 2010
A year after Texas firms's habit of keeping quiet about layoffs attracted attention, sibling publication Texas Lawyer delivers some hard numbers about just how much shrinkage the Lone Star state's largest firms have experienced.

Michael Jackson's Doctor Hires More Lawyers

Posted on February 09, 2010
Conrad Murray's attorneys are already receiving a huge level of media attention.

Faegre & Benson Partner Dies in Air Crash

Posted on February 09, 2010
Robert Matthews, a commercial litigation partner in the firm?s Boulder office, died Saturday when a small plane he was piloting collided in midair with another plane some 8,000 feet over the Colorado city.

The 2010 Lateral Report: Company Town

Posted on February 08, 2010
When The Am Law 200 shed 15 percent of its Charlotte lawyers, it wasn't just business, it was personal.

Rakoff Chides SEC Lawyer at Hearing on BofA Settlement

Posted on February 08, 2010
Judge Jed Rakoff put a Securities and Exchange Commission lawyer on the defensive Monday over a proposed settlement that would resolve civil charges that Bank of America misled investors when it acquired Merrill Lynch.

Bingham, Pullman Repping Power Plant Company

Posted on February 08, 2010
Officials and rescue crews are still sorting out the wreckage from the massive explosion in Middletown Sunday.

THE AM LAW 100: Sheppard Mullin Holds Steady

Posted on February 08, 2010
The Los Angeles-based firm announced slight increases in both revenue and profits for 2009. "Our firm never goes up as much as some other firms when times are good," says firm chair Guy Halgren, "and we don't go down as much as other firms when times are bad...