Bankruptcy

  • layoffs pink slip staff layoffs

    Bankruptcy, Biglaw, Canada, Elena Kagan, Gender, Law Schools, Minority Issues, Morning Docket, Partner Issues, Ruth Bader Ginsburg, SCOTUS, Staff Layoffs, Supreme Court, Women's Issues

    Morning Docket: 02.06.14

    * According to Justice Kagan, Justice Ginsburg “is responsible for eliminating sex discrimination from American law.” Whoa, that’s a nice thought, but let’s not get ahead of ourselves with wishful thinking. [New York Law Journal]

    * After handing out pink slips staff, Heenan Blaikie lawyers sat down and voted to dissolve the Canadian firm’s partnership and wind up its business. It’s kind of like Dewey, but with maple syrup! [Legal Post / Financial Post]

    * Jack W. Butler, the bankruptcy bigwig who managed to negotiate the American Airlines / US Airways merger, will leave his home at Skadden Arps after 23 years and head to Hilco Global. [DealBook / New York Times]

    * Vermont Law School has partnered with several historically black colleges and universities in order to put warm bodies in empty seats promote the expansion of racial diversity in the legal profession. [VT Digger]

    * David Savner, a corporate partner at Jenner & Block, recently donated $1 million to his alma mater, Northwestern Law, to fund a high-tech classroom. It must be nice to be rich. [Crain’s Chicago Business]

    * The ABA Journal wants to know what the “oddest” elective course you ever took in law school was. If you took a “Law and _____” class and didn’t get an “A,” you should hang your head in shame. [ABA Journal]

    2 Comments / / Feb 6, 2014 at 9:02 AM
  • Angry Businessman Yelling into Phone

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, In-House Counsel, Money, Partner Issues, White & Case

    A Non-Equity Partner’s Rant

    Are non-equity partners getting a bad rap?

    24 Comments / / Feb 3, 2014 at 10:43 AM
  • bankruptcy RF

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, White & Case

    Dewey Know A Biglaw Partner Driven Into Personal Bankruptcy By The Firm’s Collapse?

    How does a Biglaw partner with a six-figure income wind up in personal bankruptcy? It’s hard out here for a service partner….

    29 Comments / / Jan 16, 2014 at 12:22 PM
  • StudentLoanDebtMoneyPile

    Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Insurance, Job Searches, Law Schools, Michael Jackson, Morning Docket, Partner Issues

    Morning Docket: 01.16.14

    * Dewey think you should’ve signed up for the partnership contribution plan? That probably would’ve been wise. One of Dewey & LeBoeuf’s ex-service partners has been forced into Chapter 7 bankruptcy thanks to a clawback suit. [Am Law Daily]

    * As long as the job market for new attorneys remains laughable, law schools will continue to make moves when it comes to deep tuition cuts. Say hello to a $30K drop in sticker price, Roger Williams University Law students. [WSJ Law Blog (sub. req.)]

    * Syracuse Law’s class sizes keep getting smaller, but it was “strategically managed” — just like the new law building was financially strategically managed on the backs of alumni and their tuition. [Daily Orange]

    * A trial date was set for Dzhokhar Tsarnaev’s friends who allegedly tried to cover up his role in the Boston bombings. No word yet on whether any stupid girls have set up fan clubs for them. [National Law Journal]

    * The curtains are finally closing on the King of Pop’s life: Lloyd’s of London settled its insurance suit with Michael Jackson’s estate, and Conrad Murray’s involuntary manslaughter conviction was upheld. [AP]

    0 Comments / / Jan 16, 2014 at 9:14 AM
  • It just wouldn't be prudent to let him back into society. (Image via Sunday Mercury)

    Animal Law, Bankruptcy, Football, Free Speech, Gay Marriage, Guns / Firearms, Legal Ethics, Non-Sequiturs, Videos

    Non-Sequiturs: 12.10.13

    * Remember the chimps seeking habeas? Well, bad news: they’re staying in custody, per an order from Judge Ralph A. Boniello III. Now their freedom is up to the Army of the 12 Monkeys. [Wired]

    * Elizabeth Coker has announced she is seeking the office of Polk County Criminal District Attorney. While some may disagree, I think this is a great idea. She’s been directing the litigation strategies of prosecutors for some time now. So why does a judge drummed out of office for texting prosecutors think she should go back into public service? Prayer. Of course. [Polk County Today]

    * Judge Steven Rhodes is overseeing the Detroit bankruptcy. He’s not taking any guff off anyone, including an investment banker who pledged that it was “very important” that his firm help the city, prompting Judge Rhodes to point out, “What’s very important to you is to make money.” He’s also a badass rhythm guitarist. [Associated Press via Yahoo!]

    * A Colorado judge has declared that a discriminating baker can no longer prevent gay couples from buying wedding cakes. It’s unclear if he’s ordering the baker to stock those stupid plastic cake toppers in groom & groom format. [Consumerist]

    * Proofreading law school exams. This article is aimed at law students, but maybe it should be directed toward a certain St. John’s professor… [Law School Toolbox]

    * George Zimmerman’s girlfriend wants him out of jail. She originally told police that Zimmerman pointed a shotgun in her face. That’s Princess Bride-level true love s**t right there. [Slate]

    * Michigan State celebrated putting Ohio State in its place by setting “at least 57 fires.” Can someone holding a sign encouraging people to “Burn the Couch” be held liable? A better question is whether West Virginia can sue Michigan State for stealing their hillbilly intellectual property? [PrawfsBlawg]

    * Sadly, Akerman partner Richard Sharpstein was found dead in his home today. He was 63. [Daily Business Review]

    * A few tipsters sent this one in. They claim it’s a law student acting like a jerk trying to buy cigarettes in a drug store. The sound is spotty, so none of us could figure out exactly what was going on, but it’s worth it for the guy who yells: “Yeah, tell him! Tell him when you were born!” Video after the jump….

    5 Comments / / Dec 10, 2013 at 5:04 PM
  • Sarah Jones

    6th Circuit, Bankruptcy, Biglaw, Defamation, Fashion, Free Speech, Law Schools, Media and Journalism, Morning Docket, Patents, Technology

    Morning Docket: 12.09.13

    * After its patent battle in the courts, Apple wants Samsung to pay for a portion of MoFo’s legal fees. When you think of it, $15.7 million is a rather piddling amount when full freight is $60 million. [The Recorder]

    * Say goodbye to your pensions! As it turns out, law review articles aren’t so useless after all. Detroit’s foray into Chapter 9 eligibility is the brainchild of a Jones Day partner and associate duo. [Am Law Daily]

    * It must be really stressful to plan a wedding when your defamation victory is on appeal to the Sixth Circuit. The latest chapter in the Sarah Jones v. TheDirty.com case could mean curtains for online speech. [AP]

    * When it comes to their credit ratings, stand-alone law schools are getting screwed due to their inability to put asses in their empty seats. Four out of five schools profiled could be in big trouble. Which ones? [WSJ Law Blog (sub. req.)]

    * “You need to not dress like that.” TMZ’s attorney, Jason Beckerman, is an alumnus of Kirkland & Ellis, and he was quickly advised by a producer that he needed to lose his lawyer duds. [California Lawyer]

    5 Comments / / Dec 9, 2013 at 9:00 AM
  • hourglass2

    Arnold & Porter, Bankruptcy, Biglaw, Billable Hours, Career Files, Intellectual Property, Labor / Employment, Law Students, Litigators, Rankings, Reader Polls

    The Best Of Hours, The Worst Of Hours: ATL Survey Ratings

    According to the ATL Insider Survey, which practice areas and law firms offer the best (and the worst) hours?

    7 Comments / / Nov 26, 2013 at 3:45 PM
  • cute kitty

    Animal Law, Bankruptcy, Biglaw, Canada, Deaths, Gay, Gay Marriage, Law Schools, Morning Docket, Pets, Pornography, SCOTUS, Sonia Sotomayor, Supreme Court

    Morning Docket: 11.21.13

    * Justice Sonia Sotomayor thinks that the lack of diversity on the federal and state judiciaries poses a “huge danger,” one that might even be greater than her complete inability to dance. [Blog of Legal Times]

    * Because “love [shouldn’t be] relegated to a second-class status for any citizen in our country,” Illinois is now the 16th state in the U.S. to have legalized same-sex marriage. Congratulations and welcome! [CNN]

    * “His discrimination claim was not about discrimination.” After only 2.5 hours deliberating, the jury reached a verdict in John Ray III v. Ropes & Gray, and the Biglaw firm came out on top. [National Law Journal]

    * One thing’s for sure: big city bankruptcies ain’t cheap. Detroit has paid about $11 million to Jones Day, emergency manager Kevyn Orr’s former firm, since this whole process kicked off. [Detroit Free Press]

    * The entire judicial panel overseeing Judge Lori Douglas’s ethics inquiry just quit. Justice apparently wouldn’t be served by continuing to examine a middle-aged woman’s porn pictures. [Winnipeg Free Press]

    * Baylor Law is being overrun by a colony of feral cats. Someone please tell the administration these kitties can’t be used as therapy animals before finals — students will have their faces clawed off. [Baylor Lariat]

    * Guy Cellucci, managing partner of White & Williams who died unexpectedly, RIP. [Philadelphia Inquirer]

    5 Comments / / Nov 21, 2013 at 9:05 AM
  • Dewey LeBoeuf LLP new logo DL

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, Partner Profits

    Dewey Think Partners Should Have Settled With The D&L Estate?

    What happens to partners who didn’t join Dewey’s “partner contribution plan”?

    3 Comments / / Nov 19, 2013 at 3:16 PM
  • Abraham Lincoln Abe Lincoln

    2nd Circuit, Bankruptcy, Barack Obama, Biglaw, D.C. Circuit, Dewey & LeBoeuf, Insider Trading, Law Schools, Morning Docket, Politics, SCOTUS, Solicitor General's Office, Supreme Court, White House Counsel

    Morning Docket: 11.19.13

    * President Obama won’t “just sit idly by” as his D.C. Circuit nominees are picked off one by one by Senate Republicans. No, instead he’s going to have his White House Counsel give interviews for him. [National Law Journal]

    * Today is the 150th anniversary President Abraham Lincoln’s Gettysburg Address. If you’d like, you can watch a live stream of an event celebrating the occasion here at 12 p.m. EST today. [Constitution Accountability Center]

    * If you want to learn how to write like the U.S. Solicitor General, you can get the “Bluebook for Supreme practitioners” right here (affiliate link) to see exactly how it’s done. [Supreme Court Brief / National Law Journal (sub. req.).]

    * The Second Circuit slapped down a few requests yesterday, the most notable of which being Argentina’s bid for a full rehearing and Raj Rajaratnam’s plea for a review of his conviction. [Bloomberg; Bloomberg]

    * You don’t know what you got till it’s gone: Weil Gotshal is welcoming back a former finance partner after a seven-year stint at Norton Rose Fulbright to fill out its emptied Dallas office. [Law 360 (sub. req.)]

    * Dewey know when the axe man commeth for those who refused to join the failed firm’s $70 million partner contribution plan? Right now. Will Marcoux is the first to face off against Alan Jacobs. [Am Law Daily]

    * Despite all warnings, you want to go to law school so badly that you’re reapplying. Well, we probably can’t help you much, but here are some tips. [Law Admissions Lowdown / U.S. News & World Report]

    1 Comment / / Nov 19, 2013 at 9:13 AM
  • e71N9qA

    Art, Bankruptcy, Craigslist, Divorce Train Wrecks, Non-Sequiturs, Television, United Kingdom / Great Britain

    Non-Sequiturs: 11.18.13

    * Man buys the house next to his ex-wife and installs a $7,000 bronze sculpture of a raised middle finger. Art that marries form and function. [The Daily Mail]

    * George Zimmerman’s been arrested again. Shocking. [Orlando Sentinel]

    * Judge Victor Marrero orders MF Global to pay over $1 billion to customers. Serves those MFs right. [CNBC]

    * The Second Circuit has punted on the question of whether defunct firms in New York have an ownership right to fees earned by former partners who took work to new firms. [Am Law Daily]

    * Howard Morris, the former co-chief executive of SNR Denton, is joining MoFo as the head of the bankruptcy and restructuring group in London. [DealBook / New York Times]

    * NBC has a new show about a criminal court judge who is a hard-living, sexually unapologetic woman. So basically a documentary about Justice O’Connor’s early years. [Deadline]

    * So Detroit might be the worst place to work. Even with that caveat, it’s hard to believe this ad seeking someone to do, “whatever other crazy type stuff this (bastard) lawyer of ours thinks up.” A screenshot is provided after the jump in case the ad comes down.… [Craigslist]

    1 Comment / / Nov 18, 2013 at 5:31 PM
  • business man getting grabbed by a hand on computer

    Bankruptcy, Legal Ethics

    Name-Calling Lawyer Spat Ends Up In Public Filing

    Passive-agressive lawyer and active-aggressive lawyer trade email barbs that get included in a public exhibit.

    33 Comments / / Nov 12, 2013 at 2:49 PM
  • Brains Billable hours...

    Airplanes / Aviation, Antitrust, Bankruptcy, Biglaw, Breasts, D.C. Circuit, Deaths, Department of Justice, Dewey & LeBoeuf, Drugs, Mergers and Acquisitions, Money, Morning Docket, Police, Politics, Social Media, Twittering

    Morning Docket: 10.31.13

    * Let’s get ready to rumble! Senate Democrats are threatening to go “nuclear” on existing filibuster rules if Senate Republicans decide to band together to block Patricia Millett’s nomination to the D.C. Circuit. [New York Times]

    * AMR Corp. and US Airways are reportedly trying to broker a deal with the Department of Justice that would allow the airlines’ merger to go through. And this is the room full of people who care. [Wall Street Journal (sub. req.)]

    * Proskauer Rose and the zombie corpse of Dewey & LeBoeuf received a Halloween treat from Judge Martin Glenn in the MF Global case. The firms will each be receiving a combined $9 million for their work. [Am Law Daily]

    * Twitter is facing a $125 million fraud suit filed by two financial firms claiming that the social media giant had them organize a private sale of shares and then canceled it. #OhShiat #LawyerUp [Businessweek]

    * Jill Bjorkholm Easter, the lawyer accused of planting drugs on a PTA volunteer at her son’s school, has pleaded guilty to false imprisonment. Her hubby’s trial is next week. [L.A. Now / Los Angeles Times]

    * She’s got the right to remain topless: Holly Van Voast, the photographer famous for roaming the streets of New York with breasts bared, settled a lawsuit against the city for $40,000. [New York Daily News]

    * “Ed,” the anonymous editor of the defunct Blawg Review site, RIP. [Trial Warrior Blog; Simple Justice]

    4 Comments / / Oct 31, 2013 at 9:11 AM
  • Lady Gaga

    Bankruptcy, Biglaw, Celebrities, Gay, Gay Marriage, General Counsel, Howrey LLP, Labor / Employment, Law Schools, LLMs, Morning Docket, Technology

    Morning Docket: 10.23.13

    * Shine bright like A. Diamond: Howrey’s bankruptcy trustee has secured yet another multimillion dollar settlement for the defunct firm from places like Covington, Kirkland, and Shearman. [Am Law Daily]

    * If for some reason you’re still shocked that GCs are breaking up with their Biglaw boyfriends, here’s some additional info on why corporate clients are moving from Biglaw to “big enough” law. [Corporate Counsel]

    * Man, this LL.M. program seems like the best of both worlds for foreign students. They can learn U.S. law without ever being with stepping on U.S. soil. Thanks USC Law! [National Law Journal]

    * Three more states could legalize gay marriage by the end of the year, making the marriage equality movement 17 states strong, plus D.C. Here’s to an extra fabulous new year. [GovBeat / Washington Post]

    * Yaaasss Gaga, oh my God, yaaasss! Lady Gaga settled a suit filed by her ex-assistant for an undisclosed amount, and we bet the number was so high it elicited many an F-bomb. [New York Post]

    0 Comments / / Oct 23, 2013 at 9:08 AM
  • Dewey LeBoeuf new sign

    Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, Email Scandals, LeBoeuf Lamb, Money, Partner Issues, Partner Profits, Rudeness

    Dewey Have A Postmortem For You: The New Yorker Dissects Dewey’s Death

    Which former Dewey & LeBoeuf partner referred to various former partners as “pathetic,” “little prick,” and “f**kwad”?

    12 Comments / / Oct 7, 2013 at 5:40 PM
  • NCAA Football 14 USE

    2nd Circuit, Bankruptcy, Bernie Madoff, Biglaw, Crime, D.C. Circuit, Dewey & LeBoeuf, Federal Judges, Football, Morning Docket, Partner Issues, Real Estate, Sandra Day O'Connor, Sports, Ted Olson, Television, Trials, Video games

    Morning Docket: 09.27.13

    * Sri Srinivasan was sworn in as a member of the D.C. Circuit by Justice Sandra Day O’Connor, who called him “fair, faultless and fabulous.” The man must have great shoes. [Washington Post]

    * Things aren’t going very well for Steven Donziger in the Chevron / Ecuador case now, but then again, they never are. The Second Circuit denied his bid to oust the judge on the case. [Bloomberg]

    * Dewey know how much this failed firm’s ex-landlord wants from 450 of its former partners? Somewhere in the ballpark of $1.6 million to $45.45 million, so it could be painful. [Am Law Daily]

    * Kilpatrick Townsend & Stockton has already named a new chairman. Congrats to J. Henry Walker IV, a man whose name alone makes it sound like he should probably leading something. [Daily Report]

    * Time is running out for prosecutors to bring charges against those connected to Bernie Madoff’s Ponzi scheme, but it looks like his niece, a Fordham Law grad, is in their sights. [DealBook / New York Times]

    * The series finale of Breaking Bad airs on Sunday, and you must be very sad, so here are five compliance lessons to take away from the show. First and foremost, don’t ever hire a Pinkman. [Corporate Counsel]

    * E.A. Sports and the Collegiate Licensing Company settled the suit filed against them by college athletes, leaving the NCAA to whine, moan, and “take this all the way to the Supreme Court.” [Birmingham News]

    * George Zimmerman’s wife says her husband “went on a victory tour” without her, and has no idea where he is. Clue: maybe he was advising Cybill Shepherd for her role on Law & Order next week. [Miami Herald]

    2 Comments / / Sep 27, 2013 at 9:16 AM
  • alcohol and sorrow RF

    Bankruptcy, Caption Contests, Contests, Divorce Train Wrecks, Drinking, Lawyer Advertising, Paralegals, Pictures

    Caption Contest Winner: The Anatomy Of A Drinking Problem

    You’ll never guess what kind of drama we discovered when trying to find out who owned the law offices pictured here.

    2 Comments / / Sep 23, 2013 at 3:14 PM
  • alcohol and sorrow RF

    Bankruptcy, Caption Contests, Contests, Divorce Train Wrecks, Drinking, Lawyer Advertising, Pictures, Reader Polls

    Caption Contest Finalists: The Anatomy Of A Drinking Problem

    Two of these legal problems will drive you to drink, so good thing the liquor store is just steps away.

    8 Comments / / Sep 19, 2013 at 11:14 AM

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