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Legal News

The AM Law Daily 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

Recent Entries: 2659

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Dealmakers of the Week: Barbara Becker of Gibson Dunn and Sarah Jones of Clifford Chance

Posted on January 22, 2010
The two lawyers spent nearly five months negotiating Kraft's takeover of Cadbury. Now, they're savoring the sweet taste of success.


Managing Partners Express Renewed Optimism in Citi Report

Posted on January 22, 2010
A Citi Private Bank survey of leaders from the country's largest law firms suggests things are looking up in the legal market.


Tragedy and Triumph: Conan Characters Caught in Contract Drama

Posted on January 22, 2010
NBC Universal and Conan O'Brien finally reached a deal that will allow the talk show host to depart The Tonight Show, although the late night comic will have to relinquish the intellectual property rights to some of the characters created over his 17 years at the network...


P3s Back in Play with Planned Pittsburgh Parking Privatization

Posted on January 22, 2010
Pittsburgh has hired K&L Gates and Katten Muchin Rosenman to advise on a plan to privatize parking assets in order to pump cash into the city's ailing pension fund. Katten advised Chicago on its watershed parking meter privatization, which raised more than $1 billion for city coffers...


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Banking Lawyers: Mobilize!

Posted on January 22, 2010
Leading banking lawyers have been getting a lot of phone calls from clients over the past few days.


Suicide Victim a Baker & Hostetler Partner

Posted on January 22, 2010
Police have determined the death of a man earlier this week on a beach in Galveston, Texas, was an apparent suicide. John Mason Mings, a former partner at Baker & Hostetler and Fulbright & Jaworski, leaves behind a wife and two children. He was 45.


Prop. 8 Trial Gets Nasty

Posted on January 22, 2010
We've got our first glimpse of fireworks in the Bay Area since opening statements.


The Am Law 100: Sonnenschein Profits Drop 3 Percent

Posted on January 22, 2010
Profits per equity partner dropped 3 percent at Sonnenschein Nath & Rosenthal in 2009, the firm reports, while gross revenue was flat.


Ex-McGuireWoods Partner Charged in Corruption Probe

Posted on January 22, 2010
A federal grand jury in Raleigh has charged C. Ruffin Poole, a partner at McGuireWoods and one-time chief legal aide to former North Carolina Gov. Michael Easley, with 51 counts of corruption. As prosecutors were closing in, Poole resigned from McGuireWoods last month.


Citizens United Ruling a Big Win for Gibson Dunn's Olson

Posted on January 21, 2010
In what The National Law Journal's Tony Mauro calls "a dramatic upheaval that sharply divided the U.S. Supreme Court," a 5-4 majority ruled Thursday that under the First Amendment Congress may not bar corporations and unions from using their own money to make independent expenditures to support or oppose candidates for office.


Davis Polk, Cleary Advising New York Fed in Disclosure Flap

Posted on January 21, 2010
Meanwhile, the Fed's own statements direct your attention to Weil and Sullivan & Cromwell.


Health Care Reform Not Dead Yet, Says McDermott Lawyer

Posted on January 21, 2010
Democratic Senate candidate Martha Coakley's resounding defeat in the race to succeed the late Ted Kennedy doesn't necessarily sound the death knell for health care reform legislation, says McDermott Will & Emery government strategies partner Eric Zimmerman.


Kirkland Picks Up Pieces for Bankrupt Atrium

Posted on January 21, 2010
The same day it appeared on the Chapter 15 filing by Japan Airlines, Kirkland & Ellis picked up another bankruptcy assignment--this one for window and patio door manufacturer Atrium.


An Alternative Fee Arrangement That Worked Out Quite Well

Posted on January 21, 2010
It took a bit of unpleasant litigation, but Drinker Biddle made out well in one alternative fee arrangement.


So, About the Collapse in Commercial Real Estate...

Posted on January 21, 2010
With ominous terms like "tranche warfare" and "debt stack" being tossed around these days, lawyers who toil in the commercial real estate market are more than a little pessimistic. The Am Law Daily caught up with Dewey & LeBoeuf real estate chair Stuart Saft to discuss the CRE crisis.


The 2010 Ad Wars Begin: Weight Watchers v. Jenny Craig

Posted on January 20, 2010
As companies continue to battle over customers by making bold comparisons with their competitors, the false advertising, deceptive trade practices and unfair competition claims just keep coming. 


Get Carter: Sidley Austin Appellate Litigator in High Demand

Posted on January 20, 2010
What do Gov. Arnold Schwarzenegger, Arizona sheriff Joe Arpaio, the state of Delaware and opponents of a proposed tax on Wall Street banks have in common? Their lawyer. Did we mention he charges $1,100 an hour? 


California Firms Lead in Diversity

Posted on January 20, 2010
The Golden State is ahead of the curve in hiring and retaining women, gay and lesbian, and minority attorneys, the National Law Journal reports.


Welcome to the Future: What Would Winston Do?

Posted on January 20, 2010
In which our intrepid columnist finds leadership lessons for law firms from Winston Churchill and John Paulson. It's the facts, stupid.By Paul Lippe


The Bankruptcy Files: Fly the Kirkland Skies

Posted on January 20, 2010
Kirkland lands another bankruptcy case on the wings of Japan Airlines, Weil tops Pizzeria Uno's restructuring effort and firms line up to advise the latest newspaper publishers seeking Chapter 11 protection.


Which Dreier Victims Should Get Paid First?

Posted on January 20, 2010
One client who claims he lost $6 million thinks he should be ahead of institutional investors in the Dreier repayment line. 


Litigation Costs Under Scrutiny in the U.K.

Posted on January 20, 2010
Contingency fees and mutually agreed-upon limits to discovery are among the recommendations of a massive new report on curbing the high price of litigation.


Morgenthau to...Wachtell?

Posted on January 20, 2010
We didn't see this one coming.


K&L Gates Opens Offices in Moscow and Tokyo

Posted on January 19, 2010
The new outposts continue the Pittsburgh firm's international expansion after it added Dubai, Frankfurt, and Singapore in 2009.


THE AM LAW 100: Cadwalader Posts Higher Profits, Lower Revenue

Posted on January 19, 2010
Profits per partner climbed 28 percent at Cadwalader as revenue fell 10 percent in 2009. While the firm enjoyed a slight increase in net income, some of the increase in its per-partner average earnings appears attributable to a 21 percent loss in the number of equity partners.


What's Next for Bankrupt Japan Airlines?

Posted on January 19, 2010
As expected, Japan Airlines formally filed for bankruptcy protection Tuesday in Tokyo District Court. The Am Law Daily checked in with a Japanese lawyer--and former Cleary associate--for a primer on how U.S. and Japanese bankruptcy laws differ and what's ahead for the insolvent carrier...


Legal Angles Abound as Conan-NBC Standoff Nears Endgame

Posted on January 19, 2010
As Glaser Weil and Gibson Dunn face off over the future of The Tonight Show, counsel for Conan O'Brien have been pilloried for allegedly omitting a key provision in the late night host's contract. Lawyers contacted by The Am Law Daily offer a different take...


Simpson, Fulbright Lock Up $2 Billion Tyco, Broadview Deal

Posted on January 19, 2010
The deal will bring two security providers--Broadview Security and ADT?under Tyco's roof.


Sorting Out Caperton in the Midwest

Posted on January 19, 2010
Godfrey & Khan appears set for a major victory in Wisconsin.


Kraft Sweetens Cadbury Offer Enough to Make a Deal

Posted on January 19, 2010
The deal is a big win for Gibson Dunn, Clifford Chance, and Slaughter and May.


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