Hughes Hubbard and Squire Sanders will get the big bailout bucks
The latest bailout news is making Simpson Thacher’s $300,000 contract to advise the Treasury Department on the $700 billion bailout plan look even more like chump change.
We wrote before about firms that were offered bailout love. Well, Reuters reports that Hughes Hubbard and Squire Sanders are going to get mad bailout love, to the tune of $11 million:
Hughes Hubbard & Reed LLP and Squire Sanders & Dempsey LLP have each been awarded a contract for roughly $5.5 million to help shepherd about 2,000 financial firms through the program that would see the government buy company shares, the Treasury Department said on Monday.
Looks like Hughes Hubbard’s strategizing with the acquisition of boutique bankruptcy firm Luskin, Stern & Eisler may have paid off.
Two law firms to help U.S. Treasury dole out aid [Reuters]
The End of Bailout Transparency Already? [BailoutSleuth via WSJ Law Blog]
Earlier: The Firms That Were Offered Bailout Love
Musical Chairs: Hughes Hubbard Is Ready For Some Action
(49) 
Comments
Squire is news?
$5.5 million is chunk change in the scheme of things for NYC firms...
Too bad SSD is such a shit hole.
This means nothing in light of the fact that the Black Panthers are beating up the white employees at K&E and Sidley Austin in Chicago.
Elie is fat.
I wish the Black Panthers would beat up Ellie.
Kash, I love you! At least you gave us some "legal world" news and not nonsense like your colleague (who certainly is not in the same league).
MysTTTal
Now wonder Seyfarth Shaw wants to merge with them...
No wonder Seyfarth Shaw wants to merge with them...
Kash, way to carry the blog
http://www.mass.gov/bbe/results.htm
Finally, a decent post.
Kash to editor of ATL.
Anybody else happy Simpson TTThatcher is getting the shafTTT?
#2 - it is called chump change not chunk change
Elie Mystall is Chunk Change
That's probably on average what one litigation or HSR filing or internal investigation brings in a month at a top NY firm.
When will Elie finally be pulled? Seriously.
$5.5 million wow... to bad to make that much they have to represent 2,000 clients.
It takes TTT firms 2,000 clients to make what top firms get from 2~4ish
20 - you are a fucking retard.
@17...LOL
Kash saves the day...or Elie was going to post but mutiny is at hand here and Elie is about to castrated so Lat stepped in and said why don't we let the lovely Kash run with this one becaue the natives are restless.
Elie stay the fuck off of ATL for the rest of the day.
#15 - Why the hate? Since if you went to a peer or better firm you wouldn't care what Simpson does, they must have done someDING to you...but what...
mysTTTal
What?!? A post that is not about the great Obama or the meany McCain?!? Oh wait, Elie didn't write this posting....
I think Elie's posts are interesting and thoughtful. On the other hand, the ignorant and vicious comments leave intelligence to be desired.
26=Nervous 1L
@26...you dear sir are in the minority. And by minority I mean THE ONLY PERSON HERE.
Or you are Fatystal in the blubbery flesh.
27: definitely
For all intesive purposes chunk change is the same as chump change.
Upon first glance at the title of this post, I swore it would be about firm dissolutions when I saw the two firm names...I have never heard of either of these two places.
My opinion of Elie's posts aside, I think the comments are out of hand and rude. Pull it together folks!
-26
Dismissive wanking motion @ 26
Finally a post by Kash. Elie must be out getting more ice cream.
Clearly 30 did that on purpose, but I will take the bait. It is "for all intents and purposes." I can't believe one person could make serious errors in BOTH of his (or her) posts by accident.
Can you quit with the fat jokes/slurs? I mean we are lawyers, not Mike Phelps wannabes. Look around your firm, you see lots of old flabby lawyer ass. The result of years of fine dining and sitting on your ass. Now shut the fuck up, because one day you too will be chunky.
Squire sucks - they will over bill for everything. Attorney who has nothing better to do then sleep at the office and get free dinners.
36 = Elie (or is considering eating him)
Does anyone else agree that ATL comments are positively poisoned by editor bashing?
Why not eliminate the by-lines and let the kids direct their venom to the subject matter of the posts, rather than the editors?
36 - here at DPW, we are all beautiful, so please speak for your TTT firm and not mine.
-6'2' chiseled figure hunk lawyer
31 - Start reading The American Lawyer to learn about prominent firms in the legal industry.
I don't think that I've ever seen such a slow day at ATL. This is ridonkuleous. If we have to work all day instead of kicking back and watching election coverage, so should the ATL staff!
41, OH SNAP!
agree with 41.
HHR is doing really well right now. they're also the last chance for a lot of 3Ls who were screwed by thielen and heller.
ATTENTION READERS: There will be a BOYCOTT of ATL on Friday, November 7th, to protest the declining standards of this blog, particularly in terms of substantive relevance and proofing errors.
Let your voice be heard! Stay away from ATL this Friday!
41 and 44 are pathetic, I feel really bad if after your time at GULC you consider these firms to be prominent. Might be time for a career change.
i wouldn't classify ss as prominent, but hhr is a solid firm.
#20, why the vitriol toward SSD? What did they do to you? Did you get dinged? If you work for a real NY firm (and I don’t mean one that pretends that it is), then there is no reason to feel threatened. $5.5 mil may not be a lot (particularly when it's a not to exceed GSA contract), but they brought in business during a shitty economy. So far I haven’t heard of any layoffs at SSD, which is more than I can say for some of our white shoed brethren. By the way, if they were hired by Treasury, then they have a single client, the US Treasury, not 2,000 clients. If you’re going to bash them, at least be attentive to the details you moron.
48, would you care to comment on today's layoffs?