Morning Docket: 12.31.15

* In the wake of fired CEO Martin Shkreli's arrest for securities fraud, KaloBios Pharmaceuticals has filed for Chapter 11 bankruptcy. The company will be repped by Hogan Lovells (and likely won't be charged 4,000 percent more than it should be). [Reuters] * "Not all of it is law at its grandest but all of it is the practice of law." Yet another contract attorney's suit for overtime pay has bitten the dust with a recent dismissal. This time, Quinn Emanuel was the Biglaw firm victorious in keeping doc reviewers downtrodden. [WSJ Law Blog] * Since Dechert decided to up the ante on first-year associate salaries, other Philadelphia Biglaw firms have responded in kind. Drinker Biddle has matched, while Pepper Hamilton and Cozen O'Connor are following close behind. [Philadelphia Inquirer] * Facebook needs a "dislike" button: The social media titan's suit against DLA Piper and Milberg for their defense of alleged con man Paul Ceglia in a fraudulent breach of contract case versus Zuckerberg's first baby was dismissed. [Buffalo Business First] * From "weird to wildly costly," check out some of the craziest malpractice cases that were filed against Biglaw firms during the course of 2015. The McDermott Will & Emery elder abuse case here is particularly creative. [Big Law Business / Bloomberg BNA]

onDecember 31, 2015 at 8:54 AMFebruary 16, 2016 at 2:00 PM

* In the wake of fired CEO Martin Shkreli’s arrest for securities fraud, KaloBios Pharmaceuticals has filed for Chapter 11 bankruptcy. The company will be repped by Hogan Lovells (and likely won’t be charged 4,000 percent more than it should be). [Reuters]

* “Not all of it is law at its grandest but all of it is the practice of law.” Yet another contract attorney’s suit for overtime pay has bitten the dust with a recent dismissal. This time, Quinn Emanuel was the Biglaw firm victorious in keeping doc reviewers downtrodden. [WSJ Law Blog]

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* Since Dechert decided to up the ante on first-year associate salaries, other Philadelphia Biglaw firms have responded in kind. Drinker Biddle has matched, while Pepper Hamilton and Cozen O’Connor are following close behind. [Philadelphia Inquirer]

* Facebook needs a “dislike” button: The social media titan’s suit against DLA Piper and Milberg for their defense of alleged con man Paul Ceglia in a fraudulent breach of contract case versus Zuckerberg’s first baby was dismissed. [Buffalo Business First]

* From “weird to wildly costly,” check out some of the craziest malpractice cases that were filed against Biglaw firms during the course of 2015. The McDermott Will & Emery elder abuse case here is particularly creative. [Big Law Business / Bloomberg BNA]