Bankruptcy

  • stack of money

    Affirmative Action, Bankruptcy, Biglaw, Brobeck Phleger & Harrison, Heller Ehrman, Howrey LLP, Law Schools, LSAT, Morning Docket, SCOTUS, Sex, Sex Scandals, Supreme Court, Thelen Reid Brown Raysman & Steiner, Williams & Connolly

    Morning Docket: 11.20.12

    * Who will represent General David Petraeus as he continues to battle the fallout from his scandalous affair with Paula Broadwell? None other than Williams & Connolly partner Robert Barnett, a lawyer for Washington, D.C.’s most elite. [Blog of Legal Times]

    * Just in case you weren’t somehow aware, it costs quite a pretty penny to make bankrupt Biglaw firms go away. For example, more than 40 firms have paid off Brobeck, Coudert, Heller, Howrey, and Thelen with settlements of more than $35.5M. [Am Law Daily]

    * Hostess and the striking Bakers’ Union have agreed to go to mediation to prevent the company’s wind down. Judge Drain should force feed them delicious Ding Dongs to make them see the error of their ways. [Wall Street Journal]

    * “Even without a so-called affirmative-action ban, law schools aren’t doing great in terms of diversity.” That’s probably why admissions officers are so worried about the verdict in Fisher v. Texas. [National Law Journal]

    * For the last time, going to law school isn’t the solution for having no idea what you want to do with your life after college. And you don’t need a JD/MBA, either. [Law Admissions Lowdown / U.S. News & World Report]

    * Sometimes, when people from LSAC deny you extra time on the LSAT, you sit back and deal with it. Other times, you sue their pants off because your dad is a power litigator — and then you settle. [New York Post]

    0 Comments / / Nov 20, 2012 at 9:29 AM
  • I'll miss you the most, cupcake.

    Bankruptcy, Biglaw, Billable Hours, Deaths, Federal Judges, Food, FTC, Google / Search Engines, Money, Morning Docket, Partner Issues, Privacy, Venable

    Morning Docket: 11.19.12

    * Billable hours in Biglaw are down 1.5 percent, and 15 percent of U.S. firms are planning to reduce their partnership ranks in early 2013. Thanks to Wells Fargo for bringing us the news of all this holiday cheer! [Thomson Reuters News & Insight]

    * Hostess may be winding down its business and liquidating its assets, but Biglaw will always be there to clean up the crumbs. Jones Day, Venable, and Stinson Morrison Hecker obviously think money tastes better than Twinkies. [Am Law Daily]

    * How’s that “don’t be evil” thing working out for you? Google’s $22.5M proposed privacy settlement with the FTC over tracking cookies planted on Safari browsers was accepted by a federal judge. [Bloomberg]

    * Greenberg Traurig and Hunton & Williams face a $7.2B suit from Allen Stanford’s receiver over a former attorney of both firms’ alleged involvement in the ex-knight’s Ponzi scheme. [Houston Business Journal]

    * Perhaps the third time will be the charm: ex-Mayer Brown partner Joseph Collins was convicted, again, for helping Refco steal more than $2B from investors by concealing the company’s fraud. [New York Law Journal]

    * H. Warren Knight, founder of alternative dispute resolution company JAMS, RIP. [National Law Journal]

    1 Comment / / Nov 19, 2012 at 9:25 AM
  • change-all-the-thngs

    7th Circuit, American Bar Association / ABA, Bankruptcy, Barack Obama, Baseball, Deaths, Dewey & LeBoeuf, Disasters / Emergencies, Family Law, Federal Judges, Judicial Nominations, Law Schools, Morning Docket, Pro Bono, S.D.N.Y., State Judges, State Judges Are Clowns, Texas

    Morning Docket: 11.15.12

    * In a move to “end the vacancy crisis,” one week after being reelected, and one day after the Senate returned to session, Barack Obama nominated seven people for open seats on federal district courts, including two S.D.N.Y. slots. [Blog of Legal Times]

    * Dewey know how much the Los Angeles Dodgers will have to pay the now defunct firm for its work on the team’s Chapter 11 bankruptcy case? About $13M — the equivalent of their pitcher’s salary, or 62% of their first baseman’s pay. [WSJ Law Blog]

    * Which Biglaw firms in the Am Law 200 are the most LGBT friendly? Overall, of the 145 firms that participated in the Human Rights Campaign’s survey, 71 received perfect scores. Absolutely fabulous! [Am Law Daily]

    * The American Bar Association’s Task Force on the Future of Legal Education wants to know what should be done about law schools. This is a time to keep it simple, stupid: change EVERYTHING! [National Law Journal]

    * The New York Court of Appeals invoked the Major Disaster Rule for the first time ever, allowing out-of-state attorneys to perform pro bono services for Hurricane Sandy victims. [Thomson Reuters News & Insight]

    * William Adams, the Texas family court judge who got caught beating his daughter, returned to the bench yesterday after a year-long suspension. At least he won’t get physical abuse cases, anymore. [Fox News]

    * John Coffey, Senior Status Judge of the Court of Appeals for the Seventh Circuit, RIP. [Journal Sentinel]

    1 Comment / / Nov 15, 2012 at 9:02 AM
  • Natalie Khawam and Jill Kelley

    Bankruptcy, Divorce Train Wrecks, Military / Military Law, Sex, Sex Scandals

    Three Words That Describe Petraeus/Allen Gal Pal Jill Kelley’s Sister: ‘Unstable,’ Broke… and Lawyer

    What does Jill Kelley’s sister have to do with Generals Petraeus and Allen? Apparently a whole lot…

    50 Comments / / Nov 14, 2012 at 12:23 PM
  • Paula Broadwell

    1st Circuit, Bankruptcy, Dewey & LeBoeuf, Disasters / Emergencies, Facebook, Law Schools, LSAT, Morning Docket, Sex, Sex Scandals, Texas

    Morning Docket: 11.13.12

    * Deep in the heart of Texas, plans are in the works for the state’s secession from the nation via online petition. The most likely White House response? Probably something like this: “HAHAHAHAHAHA!” [Hillicon Valley / The Hill]

    * Paula Broadwell, better known as ex-CIA director David Petraeus’s side piece, has officially lawyered up. This guy had better watch out, because he kind of looks a little bit like her former flame. [Washington Post]

    * And then they came for the Steves, but there was no one left to speak for them. The day of reckoning has finally come for the men who are being blamed for cooking Dewey’s LeBoeuf. [Thomson Reuters News & Insight]

    * Law firms in Manhattan are still recovering from Hurricane Sandy. Not for nothing, but all of the staff members at WilmerHale who were tasked with getting rid of all of the rotten food in the firm’s cafeteria should get a double bonus. Just saying. [WSJ Law Blog]

    * Good news, underemployed law school graduates baristas! The First Circuit just affirmed your $14.1M tip-sharing judgment. Maybe now they’ll be able to afford the Starbucks diet. [National Law Journal]

    * “This lawsuit is a massive fraud on the federal courts and defendants. It has now descended into farce.” Facebook is yet again seeking dismissal of Paul Ceglia’s ownership claims. [Threat Level / Wired]

    * There may be five deciding factors when it comes to law school admissions, but serious candidates should focus on the two most important ones: LSAT and GPA. [Law School Admissions Lowdown / U.S. News]

    4 Comments / / Nov 13, 2012 at 9:14 AM
  • sit by me pillow

    Antitrust, Bankruptcy, Biglaw, Career Center, Career Files, Intellectual Property, Labor / Employment, Tax Law

    Biglaw’s Most Overrated Firms by Practice Area

    Which firms do Biglaw attorneys think are more sizzle than steak? Check out our survey results and find out!

    14 Comments / / Oct 23, 2012 at 4:41 PM
  • "Standing with your arms folded is underrated"

    Antitrust, ATL Career Center Survey, Bankruptcy, Biglaw, Career Center, Intellectual Property, Labor / Employment, Litigators, Rankings, Tax Law

    Biglaw’s Most Underrated Firms by Practice Area

    Above the Law readers identify the most underrated firms in a wide range of practice areas, from antitrust to bankruptcy to labor and employment to tax….

    25 Comments / / Oct 16, 2012 at 3:11 PM
  • David Otunga

    Bankruptcy, Biglaw, Constitutional Law, David Otunga, Dewey & LeBoeuf, Environment / Environmental Law, Law School Deans, Law Schools, Legal Ethics, Money, Morning Docket, Partner Issues, Religion, Sex, Sex Scandals, Small Law Firms, Television

    Morning Docket: 10.12.12

    * “Enough is enough.” Come on, Togut, did you really think all of the Dewey drama was going to end just because the judge approved your settlement plan? Now he’s trying to get the former partners committee disbanded. This won’t end well. [Am Law Daily]

    * Covington & Burling was disqualified from representing Minnesota in its anti-pollution case against ex-client 3M over a conflict of interest. A “conscious disregard” of professional duties? This is 1L stuff, really. [Twin Cities Pioneer Press]

    * Remember J. Michael Johnson, the former dean of Louisiana College Law who resigned for a “great job offer” before the school even opened? He’s now senior counsel for the ultraconservative Liberty Institute. [Alexandria Town Talk]

    * “If you’ve been hit by a table, ladder, or chair, call David Otunga.” What has this Harvard Law grad turned WWE wrestler up to these days, aside from filming commercials at criminal defense firms? [City Sentinel]

    * “The argument is absolutely absurd.” An ex-high school coach accused of having sex with a student wants Oklahomas’s ban on student-teacher relationships overturned as unconstitutional. [Alva Review-Courier]

    3 Comments / / Oct 12, 2012 at 9:09 AM
  • stripper_heels_g7

    American Bar Association / ABA, Bankruptcy, Biglaw, California, Dewey & LeBoeuf, Election 2012, Election Law, Harvard Law Review, Law School Deans, Law Schools, LeBoeuf Lamb, Morning Docket, Nude Dancing, Partner Issues, Politics, Texas, Weddings, William Birdthistle

    Morning Docket: 10.11.12

    * Everyone’s happy about the Dewey & LeBoeuf settlement except the Ad Hoc Committee and its LeBoeuf retirees, who called Judge Martin Glenn’s attempt to slap them down an “insult to injury.” [WSJ Law Blog]

    * While South Carolina’s voter ID law wasn’t found to be inherently discriminatory, its enforcement was still blocked because people will be unable to get their sh*t together in time for the election. [Bloomberg]

    * VP debate moderator Martha Raddatz’s 1991 wedding guest list has come under fire because Barack Obama was invited. Clearly there’s a conflict of interest worth arguing about here. [Washington Post]

    * This man is nobody’s “butt boy”: Tom Keefe, the interim dean over at Saint Louis Law School, will be footing a $14,212 bill for his students in the form of ABA Law Student Division memberships. [National Law Journal]

    * Strippers in California, Florida, Idaho, Kentucky, Texas, and Nevada will be making it rain, because they just scored a $12.9M class action settlement. That’s a whole lot of “college tuition”! [Courthouse News Service]

    0 Comments / / Oct 11, 2012 at 9:12 AM
  • happy

    Bankruptcy, Biglaw, Career Center, Labor / Employment, Tax Law

    And Biglaw’s Happiest Campers Are…

    You might be surprised to see what factors help Biglaw attorneys stay happiest with their jobs.

    5 Comments / / Oct 10, 2012 at 1:29 PM
  • cleveland

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Federal Government, Job Searches, Law Schools, Money, Morning Docket, Partner Issues, SCOTUS, Supreme Court, Wells Fargo

    Morning Docket: 10.10.12

    * Dewey know whether Judge Martin Glenn approved this failed firm’s $71.5 million partner contribution plan? We certainly do, and D&L’s chief restructuring officer, Joff Mitchell of Zolfo Cooper, is simply “delighted” about it. [Wall Street Journal (sub. req.)]

    * Bitch better have my money? The United States is suing Wells Fargo under the little known Financial Institutions Reform, Recover, and Enforcement Act for allegedly screwing it out of approximately eleventy billion dollars. [DealBook / New York Times]

    * “Flat is the new up for the legal sector,” except in Cleveland, because law firms there have been on hiring sprees throughout 2012. But unfortunately, there is a down side — it’s Cleveland. [Cleveland Plain-Dealer]

    * Diversity: no longer just an old wooden ship. Almost every law school-related amicus brief filed in Fisher v. University of Texas has backed the consideration of race in admissions decisions. [National Law Journal]

    * There’s officially at least one benefit in attending Thomas M. Cooley Law — the school collects so much money from students that it’s able to attract big-name speakers, like ex-rocker Henry Rollins. [Michigan Live]

    7 Comments / / Oct 10, 2012 at 9:07 AM
  • Dewey LeBoeuf LLP new logo DL

    Art, Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, White-Collar Crime

    Dewey Have A Criminal Case On Our Hands?
    (Plus your chance to own a piece of Dewey.)

    Some updates on Dewey & LeBoeuf, regarding the criminal investigation and the firm’s art collection – which you can purchase a piece of!

    2 Comments / / Oct 9, 2012 at 2:24 PM
  • A round of applause for diversity!

    American Bar Association / ABA, Bankruptcy, Biglaw, Books, Copyright, Dewey & LeBoeuf, Education / Schools, Edwards Wildman, Federal Judges, General Counsel, Google / Search Engines, Morning Docket, Partner Issues, State Judges, State Judges Are Clowns, Texas

    Morning Docket: 10.05.12

    * Dewey know when Judge Martin Glenn will issue his ruling on the failed firm’s proposed partner contribution plan? If all goes according to plan, we can expect to learn if the PCP’s been approved or rejected as early as next week. [Am Law Daily]

    * Hot on the heels of Google’s digital-book settlement, the company announced that it would be appealing its copyright infringement jury verdict in the Oracle trial. One thing’s for sure: Judge Alsup will be angered terribly by this. [Bloomberg]

    * David Askew, formerly the director of Edwards Wildman’s pro bono program, will now lead the National Association of Minority and Women Owned Law Firms as CEO and general counsel. [Corporate Counsel]

    * The American Bar Association submitted an amicus brief in support of using race as a factor in college admissions, because diversity in college education is a must for diversity in law schools, duh. [ABA Journal]

    * Remember the family law judge who got caught beating his daughter in a video that went viral? Now he wants the Texas Supreme Court to reinstate him, over his ex-wife’s objections. Good luck with that. [CNN]

    8 Comments / / Oct 5, 2012 at 9:11 AM
  • Corporate Money

    Bankruptcy, Biglaw, Crime, Crowell & Moring, Defamation, Dewey & LeBoeuf, Immigration, Law Firm Mergers, Midsize Firms / Regional Firms, Money, Morning Docket, Patents, Small Law Firms, Technology

    Morning Docket: 10.03.12

    * Yeah, about that huge bonus we were going to pay our ex-finance director — we realized how silly that was, so we’re not going to do that. Aww, don’t worry, Dewey & LeBoeuf, you’ll have plenty of other chances to look absurd. [Am Law Daily]

    * Not only is Samsung suing Apple for patent infringement, but the company is also trying to get a do over by getting Judge Lucy Koh to throw out the original billion-dollar verdict over jury foreman Velvin Hogan’s alleged misconduct. [Bloomberg]

    * “Small deals are easier to swallow, easier to integrate.” Regional firms like Carlton Fields and Adams and Reese are gobbling up smaller firms in what seems to be the latest trend in law firm merger mania activity. [Thomson Reuters News & Insight]

    * Douglas Arntsen, the former Crowell & Moring associate who had to be extradited from Hong Kong after embezzling $10.7M from clients, pleaded guilty in exchange for a lesser sentence. [New York Law Journal]

    * It’s tough to come up with appropriate whistleblower jokes given the background here. We’ll play it straight: Mike McQueary filed a defamation suit against Penn State, and he’s seeking $4M in damages. [ABC News]

    * Jose Godinez-Samperio, an undocumented immigrant, is fighting for the ability to practice law in Florida, but the members of the state Supreme Court are literally trying to make it into a “federal case.” [Washington Post]

    8 Comments / / Oct 3, 2012 at 9:08 AM
  • CBS-Good-Wife-Alicia-Florrick

    Asians, Bankruptcy, Biglaw, Dewey & LeBoeuf, General Counsel, In-House Counsel, JPMorgan Chase, Morning Docket, SCOTUS, State Judges, Supreme Court, Television

    Morning Docket: 10.02.12

    * “This case has nothing to do with the United States.” We’d normally let that slide because of this law from 1789, but now the Supreme Court is suddenly skeptical about the validity of the Alien Tort Claims Act. [Reuters]

    * “Why are we being punished for Dewey & LeBoeuf?” Come to think of it, former employees at the failed firm are probably wondering the exact same thing as the fictional characters on “The Good Wife.” [WSJ Law Blog]

    * Reduce, reuse, and recycle your claims? New York Attorney General Eric Schneiderman filed suit against JPMorgan, alleging that the bank’s Bear Sterns business defrauded mortgage-bond investors. [Bloomberg]

    * A man of many firsts: Randall Eng, the first Asian judge in the state, was appointed to lead New York’s Second Department as presiding justice, the first Asian-American to serve in the position. [New York Law Journal]

    * UC Irvine Law is planning a six-week summer camp for in-house counsel. They’re calling it the Center for Corporate Law, but Mark Herrmann’s “General Counsel University” has a nicer ring to it. [National Law Journal]

    * Why shouldn’t you get a dual JD/MBA? Because hiding out in school for another year isn’t going to save you from all of the extra debt you’ve incurred earning yet another degree. [Law Admissions Lowdown / U.S. News]

    3 Comments / / Oct 2, 2012 at 9:19 AM
  • Penguin v Wurtzel

    Bankruptcy, Book Deals, Books, Elizabeth Wurtzel, Lawsuit of the Day, Litigatrix, Money

    Lawsuit of the Day: Penguin v. Wurtzel (and Other Authors)

    Why is Elizabeth Wurtzel being sued by her former publisher, and how much does Penguin want from her? And which other high-profile authors are also being sued?

    33 Comments / / Sep 27, 2012 at 3:01 PM
  • Dewey LeBoeuf LLP new logo DL

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

    Dewey Know Which Partners Signed On To The Partnership Contribution Plan? Yes — And How Much They’ll Pay, Too

    Which high-profile ex-partners of Dewey & LeBoeuf have signed up for the global settlement, and how much are they paying?

    12 Comments / / Sep 21, 2012 at 6:05 PM
  • Behold the Monkey!

    Art, Bankruptcy, Biglaw, Career Alternatives, Depositions, Dewey & LeBoeuf, Morning Docket, State Judges, Television, Videos

    Morning Docket: 09.21.12

    * Martin Bienenstock, Dewey’s former bankruptcy head, offered some free legal advice to the firm’s bankruptcy advisers: “[P]lease get real about the unfinished business claims.” [WSJ Law Blog]

    * In other interesting Dewey news, you’re never going to guess what Steve DiCarmine’s been doing since the firm went under. He of the orange skin tone is making it work at Parsons. [Am Law Daily]

    * Remember Kenechukwu Okoli, the guy who slapped a Paul Hastings partner in the face during a depo and then sued him for assault? Yeeaah, that suit got dismissed. [Thomson Reuters News & Insight]

    * NerdWallet has created an online law school comparison tool, but users will only get to choose from 50 schools, none of which are in the so-called U.S. News second tier. Guess they don’t think Cooley is the second-best school in the country. How rude. [Bucks / New York Times]

    * Cecilia Gimenez, the woman from Spain who accidentally turned a fresco of Christ into a portrait of a monkey, is now seeking royalties from funds the church levied as entrance fees to see her “work of art.” [Telegraph]

    * Bridget Mary McCormack, a candidate for Michigan’s Supreme Court, has a simple tip for putting together the best judicial campaign video ever: all you need to do is reunite the cast of The West Wing. Check it out….

    4 Comments / / Sep 21, 2012 at 9:05 AM

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