Law Firms

Milberg Weiss Loses Dismissal Motion

Are kickbacks to lead plaintiffs in securities class actions perfectly legal? Not according to a Los Angeles federal judge. Judge John Walter refused to dismiss charges of illegal kickbacks yesterday against law firm Milberg Weiss and one of its former partners, the Los Angeles Times reports. “It seems to me…

Aug 7, 2007 1:32 PM CDT

Another Fox Rothschild Merger

Fox Rothschild continues to buck the trend, adding practice areas when other firms are eliminating them in an effort to improve lawyer revenue. As part of its growth strategy, the Philadelphia law firm has pursued a number of mergers. It has now announced its seventh since 2005, the Legal Intelligencer…

Aug 7, 2007 11:29 AM CDT

ABA to Weigh Position on Forced Retirement

Aging attorneys will be one of the subjects taken up at the ABA Annual Meeting that begins tomorrow in San Francisco. A resolution before the policy-making House of Delegates calls on law firms to discontinue mandatory retirement policies, the National Law Journal reports. ABA President Karen J. Mathis supports the…

Aug 7, 2007 11:07 AM CDT

Four Sidley Partners Moving

London-based Clifford Chance has hired four partners from Sidley Austin’s Washington, D.C., office. Three of the lawyers represent companies in white-collar crime investigations, Legal Times reports. They are Juan Morillo, Steven Cottreau and Stephen Nickelsburg. Another lawyer, Wendy Wysong, was former deputy assistant secretary of commerce for export enforcement in…

Aug 7, 2007 10:54 AM CDT

Ex-Client Loses Paul Weiss Suit

Paul, Weiss, Rifkind, Wharton & Garrison has succeeded in getting a suit thrown out that claimed the law firm breached a fiduciary duty to a banker it represented in WorldCom litigation. U.S. District Judge George Daniels of New York dismissed the case in an opinion dated Aug. 2 (PDF posted…

Aug 7, 2007 10:32 AM CDT

Firm Gossip Aired on Blogs

Law firms are losing the public relations battle on some blogs that post embarrassing information and critical comments about lawyers and management decisions. The blogs post gossip about such things as sexual trysts and attorney firings, the National Law Journal reports. Management e-mails are another source of amusement, such as…

Aug 6, 2007 12:14 PM CDT

Firm Acquires Investment Practice

Philadelphia law firm Montgomery, McCracken, Walker & Rhoads has acquired a three-lawyer investment management practice. Laura Anne Corsell established the boutique firm in 1994 and will head the investment group at Montgomery McCracken, according to a press release. She regularly counsels investment advisers and independent fund directors about regulatory, governance…

Aug 3, 2007 12:23 PM CDT

Freshfields Partner Fined

A partner with London-based Freshfields Bruckhaus Deringer will pay a 9,000 pound fine and 50,000 pounds in court costs for a client conflict. Barry O’Brien was fined yesterday for representing entrepreneur Philip Green in his offer to buy Marks & Spencer even though the law firm also represented the British…

Aug 3, 2007 10:49 AM CDT

New Bankruptcy Dept for Cravath

Signaling a sea change in the way that one of New York City’s most prestigious, upper-echelon law firms runs its practice, Richard Levin has now been working as a partner at Cravath, Swaine & Moore for a month. Levin not only represents a very rare exception to Cravath’s ordinary policy…

Aug 2, 2007 9:35 PM CDT

Late Lawyer’s Bookkeeper Indicted

A widow’s legal dispute with employees who worked in her husband’s Miami law office has taken a new turn. The office manager and bookkeeper, Sara San Martin, has been charged with writing fraudulent checks on law firm accounts to pay off her mortgage and truck loan, the Daily Business Review…

Aug 2, 2007 12:10 PM CDT

Subprime Woes Good News for Lawyers

As the nation’s subprime mortgage market continues to implode, a booming practice area is being created for lawyers in various related areas of practice. In fact, subprime mortgage issues—which apparently are likely to include a heavy focus on white-collar crime—will be virtually a full-employment act for attorneys, in much the…

Aug 1, 2007 9:26 PM CDT

New Standard Lets Weil Sue Mayer

A private equity firm’s selection of New York City bankruptcy powerhouse Weil Gotshal & Manges to handle a $245 million claim against Chicago-based Mayer Brown Rowe & Maw probably wouldn’t have been possible in the not-so-distant past. That’s because Weil likely would have been conflicted out of representing Thomas H.…

Aug 1, 2007 4:53 PM CDT

Milberg Weiss Loses Dismissal Motion

Another Fox Rothschild Merger

ABA to Weigh Position on Forced Retirement

Four Sidley Partners Moving

Ex-Client Loses Paul Weiss Suit

Firm Gossip Aired on Blogs

Firm Acquires Investment Practice

Freshfields Partner Fined

New Bankruptcy Dept for Cravath

Late Lawyer’s Bookkeeper Indicted

Subprime Woes Good News for Lawyers

New Standard Lets Weil Sue Mayer

New Routes Into the Corporate Door

The Billable Hour Must Die

Punching the Clock

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