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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 Litigation Daily -- Dec. 14, 2009

Posted on December 14, 2009
New Orleans Saints head coach Sean Payton is lead plaintiff in a class action against a German drywall manufacturer; Craigslist's CEO testifies that he had concerns about eBay's trustworthiness; and the Fifth Circuit vacates the bribery conviction of Mississippi trial lawyer Paul Minor...

Copenhagen Diary

Posted on December 14, 2009
Our first report from the U.N's climate change conference by a Columbia law professor who has an eye for both the behind-the-scenes action and the ever-present demonstrators in penguin suits.

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

Posted on December 12, 2009
McCarthy Tétrault has a new leader, Fox Rothschild grabs two from Manatt, and Gibson Dunn gets one back from the SEC. Plus: moves to Alston & Bird, Butzel Long, Sidley Austin, Katten Muchin, McCarter & English, and Orrick. The Churn is constant...

The Ugly Side of Sports: An Unsavory Look at Sports and the Law

Posted on December 11, 2009
A crooked basketball referee. An investigation into the use of "hostesses" in college football recruiting. And more outrage over the Bowl Championship Series in college football. Just another week in sports law.

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The Bankruptcy Files: Season's Greetings from Chapter 11

Posted on December 11, 2009
What better way for clients and law firms to exchange holiday pleasantries than with engagement letters for the latest round of corporate bankruptcies? White & Case, Squire Sanders, Jenner & Block, and Hinshaw & Culbertson are some of the firms enjoying December with debtors' counsel assignments.

Even Weil Tones Down the Holiday Party

Posted on December 11, 2009
Weil's holiday party was a distinct--and some would say appropriate--step down in lavishness from the 2008 version.

L.A. Lawyer Pleads Guilty to Tax Evasion in Kickback Scheme

Posted on December 11, 2009
The strange story of Los Angeles tax lawyer Matthew Krane took another turn late Thursday, when the former partner of renowned entertainment lawyer Jacob Bloom pled guilty to federal passport fraud and tax evasion charges as part of a scheme to set up an illegal overseas tax shelter.

Jones Day, Freshfields Lead on P&G-Sara Lee Deal

Posted on December 11, 2009
We admit we were unaware Sara Lee had an air care unit.

K&L Gates Goes to Bat for (Stripper) "Pole Tax"

Posted on December 11, 2009
The firm is representing three amici defending a state tax levied against customers who enter "sexually oriented business" that serve alcohol.

The Am Law Litigation Daily -- Dec. 11, 2009

Posted on December 11, 2009
Solo practitioner Dennis Gingold and Keith Harper of Kilpatrick Stockton earned Litigator of the Week honors by seeing through a nearly 14-year battle over the mismanagement of a trust set up for Native Americans; Orrick comes to the rescue of MGA in the Bratz doll fight; and Wilmer guides a Taiwanese LCD supplier in a $220 million price-fixing plea...

Dealmaker of the Week: Peter Golden of Fried Frank

Posted on December 11, 2009
Golden and his team handled the biggest U.S. commercial real estate deal of 2009: Simon Property Group's $2.3 billion bid for Prime Outlets. Golden's handled several deals for Simon in the past, and he saw some familiar faces along the way on this one.

Second Chance For Former Locke Lord Partner Ends in Dismissal

Posted on December 10, 2009
Hiring a former Am Law 100 partner once charged with insider trading apparently didn't end well for Locke Lord Bissell & Liddell. Court documents show the firm fired David Schwinger earlier this year in what Locke Lord characterizes as an "internal partnership dispute...

Associate Pay Cuts Here to Stay, Say Firms, Analysts

Posted on December 10, 2009
Firm leaders and consultants are calling the latest round of associate compensation cuts a paradigm shift, though the new paradigm, it seems, is a flexible one.

Succession Proceeding as Planned at Sullivan

Posted on December 10, 2009
The firm is sticking to its plan to have Rodge Cohen step down as chair on Jan. 1.

Breaking: Second Ex-Ropes Lawyer Likely to Plead in Galleon Case

Posted on December 10, 2009
The Wall Street Journal reports that a second former Ropes & Gray lawyer is set to be charged in the Galleon Group insider-trading probe.

Revealed: Visions of Heller's "Mortality" and "Post-Traumatic Brobeck Syndrome"

Posted on December 10, 2009
Our sibling publication The Recorder dug up a binder full of confidential exhibits in mediation talks between Heller Ehrman's creditors and the firm's ex-shareholders, and the contents provide a fascinating glimpse into the demise of a legal titan...

The Am Law Litigation Daily -- Dec. 10, 2009

Posted on December 10, 2009
In a withering cross, a Craigslist lawyer wrings concessions from eBay's deputy GC; for the first time since a trio of suits accused Barclays of conspiring to deceive Lehman and its creditors, the bank has filed a response; and Rambus's U.S. litigation will continue despite an antitrust settlement with the E...

Bankruptcy Border War Ends With Milbank Win For Grupo Mexico

Posted on December 10, 2009
A four-year bankruptcy battle for control of Asarco ended on Wednesday when the Tucson-based mining company emerged from Chapter 11 and into the arms of its long lost parent, Grupo Mexico. It was the largest environmental claims settlement in bankruptcy history--and probably worth more than $200 million in billable hours to legions of lawyers.

David Boies Has A New Home

Posted on December 09, 2009
It might not be as big a bet as leaving Cravath to start your own firm, but the legendary litigator is plunking down $386,900 for a two-bedroom, two-bath condo in Las Vegas.

Paul Hastings, Allen & Overy On Hand as W Hotel Changes Hands

Posted on December 09, 2009
The private equity arm of debt-ridden Dubai World lost the W Hotel in New York's Union Square in a foreclosure auction held Tuesday in the New York office of Allen & Overy. The firm has been busy with high-profile foreclosure auctions this year.

Debevoise to Client: Give Us that $6 Million, Please

Posted on December 09, 2009
Firms are loathe to sue clients for unpaid fees, so it's worth noting that Debevoise is taking one to court. The client, a timber company, isn't rolling over. Candlewood Timber Group is accusing the firm of overstaffing its case with inexperienced associates...

The Am Law Litigation Daily -- Dec. 9, 2009

Posted on December 09, 2009
Stanford International Bank receiver Ralph Janvey reloads against Stanford investors in a clawback action; an SEC official tells lawbreaking investors they have good reason to be paranoid about wiretaps; and Hyundai Oilbank shareholders seek to enforce a $750 million award against IPIC...

A Class for Change

Posted on December 09, 2009
Law schools should teach much more than contracts, torts, and constitutional law. The curriculum, argues contributor Silvia Hodges, an adjunct professor at Fordham Law School, must include courses in the basics of business and law firm management.

One Last Sip from the Coffee Cup

Posted on December 09, 2009
Peet's may have lost its bid to takeover Diedrich Coffee but it didn't come away empty-handed. Under the terms of its original deal with Peet's, Diedrich had to pay Peet's an $8.5 million breakup fee because of an unusual clause in the contract...