Hedge Funds / Private Equity
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A. Raymond Randolph, Clerkships, D.C. Circuit, David Sentelle, Douglas Ginsburg, Federal Judges, Feeder Judges, Harvard, Hedge Funds / Private Equity, Insider Trading, Law Schools, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime
Harvard Law Students Are The Best -- At Making Up Fake Transcripts
Which D.C. Circuit judges almost hired Mathew Martoma, defendant in the biggest insider trading case ever, back when he was a Harvard law student? -
Biglaw, Drugs, Gay, Gay Marriage, Hedge Funds / Private Equity, Morning Docket, New Jersey, Partner Issues, SCOTUS, Supreme Court, Wall Street
Morning Docket: 11.06.13
* “Some discrimination’s okay. It’s only certain kinds that aren’t good.” We’ve got a feeling we know which side the Supreme Court will come out on when it comes to the Mount Holly Gardens case in New Jersey, so fare thee well, Fair Housing Act. [MSNBC]
* Hallelujah! After last month’s miraculous news of this troubled firm finding a savior in Cooley LLP, the Left-Behinders of the Dow Lohnes partnership ranks are counting their blessings as they slowly but surely find new homes elsewhere. [Am Law Daily]
* After a political process that’s lasted for ages, now all that’s needed is the governor’s signature, and then Illinois will become the 15th state to officially have legalized same-sex marriage. Hooray! [New York Times]
* Lawyers for accused Boston Marathon bomber Dzhokhar Tsarnaev are annoyed that access to their client has been limited by jailhouse rules. A judge will slap down their motion next week. [National Law Journal]
* Bring it on: To keep things “simple,” prosecutors have dropped two felony charges against Kent Easter, the lawyer who allegedly planted drugs on a PTA volunteer at his son’s school. [Navelgazing / OC Weekly]
* What does SAC Capital’s $1.2 billion settlement with the government mean for the hedge fund industry? [DealBook / New York Times]
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use. -
Biglaw, Hedge Funds / Private Equity, Lateral Moves, Musical Chairs, Partner Issues, Vicious Infighting
As The Weil Turns: Another Private-Equity Partner Parts Ways
Who is leaving which Weil office? Hint: it's one with low morale.
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Biglaw, Hedge Funds / Private Equity, Lateral Moves, Litigators, Musical Chairs, Partner Issues, Partner Profits, Texas, Vicious Infighting
Weil Weil West: Dallas Departures Deepen
Who just left Weil Gotshal in Dallas, and where are they going? -
Fabulosity, Hedge Funds / Private Equity, Law Schools, Money
An Eight-Figure Gift For A Top Law School
A private-equity billionaire gives back to his alma mater. -
Department of Justice, Hedge Funds / Private Equity, Insider Trading, S.D.N.Y., Securities Law, U.S. Attorneys Offices, Wall Street, White-Collar Crime
SAC’s Rigorous Compliance Training Focused On Coming Up With Euphemisms For Insider Trading
The indictment that the Justice Department just filed against SAC Capital is something to behold. -
2nd Circuit, Crime, Hedge Funds / Private Equity, Insider Trading, Money, Quote of the Day, Wall Street
A Big House For A Big Man: A Raj Rajaratnam Ruling
Keep those spirits high, Raj, because you're going to be in the slammer for a while. -
Biglaw, Books, Facebook, Federalist Society, General Counsel, Hedge Funds / Private Equity, In-House Counsel, Law Professors, Morning Docket, Murder, Musical Chairs, Partner Issues, Politics, Social Media, Social Networking Websites, Tax Law, Technology
Morning Docket: 05.13.13
* Given the name and origins of the Tea Party movement, it actually makes perfect sense that their groups got grief from the IRS. [Washington Post]
* Wachtell Lipton weighs in against the practice of shareholder activists offering special compensation to director nominees. [Dealbook / New York Times]
* A law professor, Joshua Silverstein, argues that schools should embrace grade inflation. (But haven’t most of them done this already?) [WSJ Law Blog]
* Facebook shareholders might not “like” this news, but Ted Ullyot is stepping down as general counsel after almost five years. We’ll have more on this later. [National Law Journal]
* The Brooklyn DA’s office is reopening 50 murder cases that were worked on by retired detective Louis Scarcella (who looks oh-so-savory in the NYT’s photo of him). [New York Times]
* In news that should shock no one, Nicholas Speath’s dubious discrimination case against Georgetown Law has been dismissed. [The BLT: The Blog of Legal Times]
* Not long after leaving Cravath for Kirkland, Sarkis Jebejian is putting together billion-dollar deals for private-equity clients. [Am Law Daily]
* Professor Jeffrey Rosen reviews an interesting new book, The Federalist Society (affiliate link), authored by Michael Avery and Danielle McLaughlin. [New York Times]
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If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Anthony Kennedy, General Counsel, Goldman Sachs, Hedge Funds / Private Equity, In-House Counsel, Litigators, Money, Partner Issues, Supreme Court Clerks, Wall Street
Litigation Finance: The Next Hot Trend?
What would lead four high-powered lawyers and hedge-fund types, including two former Kennedy clerks, to leave their current jobs? The chance to make millions.... -
2nd Circuit, Barrington Parker, Biglaw, David Boies, Federal Judges, Hedge Funds / Private Equity, Litigators, Money, Partner Issues, Ted Olson, Wall Street
Clash of the Biglaw Titans: Ted Olson and David Boies Meet in Second Circuit Showdown
Earlier this week, Ted Olson and David Boies, along with lawyers from Cleary Gottlieb and Reed Smith, argued an appeal with billions of dollars at stake. -
Fabulosity, Federal Government, Hedge Funds / Private Equity, Hotties, JPMorgan Chase, Lawyerly Lairs, Money, Pictures, Real Estate, Supreme Court Clerks, U.S. Attorneys Offices, Wall Street
Lawyerly Lairs: A Federal Prosecutor's $25 Million Apartment
Government work doesn't pay particularly well. So how can a federal prosecutor afford to live in a $25 million apartment? -
Divorce Train Wrecks, Hedge Funds / Private Equity, Lawsuit of the Day, McCarter & English
Lawsuit of the Day: Patricia Cohen's Ex-Lawyer Wants to Get Paid
We’ve been following the legal wranglings between SAC Capital’s Steve Cohen and his ex-wife, Patricia. Why wouldn’t we, how often does an ex-wife file civil RICO charges against a billionaire? Initially, Patricia Cohen retained civil RICO expert, Paul Batista. Apparently, Cohen and counsel didn’t see eye-to-eye. Batista withdrew the initial suit and Cohen retained Gaytri […] -
Divorce Train Wrecks, Hedge Funds / Private Equity, Lawyer of the Day, Wall Street, Weirdness
More Twists, Turns, and Craziness from Patricia Cohen's SAC Inspired Lawsuit
Patricia Cohen, ex-wife of SAC Capital billionaire Steve Cohen, has dropped her lawsuit against her ex-husband. Except she hasn’t. Dealbreaker is covering all the ins-and-outs of this case. After it was reported that the lawsuit had been dropped, Dealbreaker received comment from Patricia Cohen. Bess Levin writes: Uh, so Patricia has this to say: “I […]
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
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Divorce Train Wrecks, Hedge Funds / Private Equity, McCarter & English, Wall Street, Weirdness
Patricia Cohen Switches Horses in the Middle of the Race
Last month we mentioned the civil RICO lawsuit filed against billionaire financier Steve Cohen by his ex-wife, Patricia Cohen. The suit is just a few weeks old — Mr. Cohen has yet to file an answer — but there’s already a new development. Patricia Cohen has replaced her original lawyer — prominent trial lawyer Paul […] -
Divorce Train Wrecks, Hedge Funds / Private Equity, Lawsuit of the Day, Wall Street
Ex-Wife Goes After Deep Pockets
Billionaire and hedge fund god Steve Cohen, founder of SAC Capital, has been sued in a civil RICO case by his ex-wife, Patricia Cohen. And this isn’t some kind of pro se craziness. The suit is being handled by noted trial attorney Paul Batista. Dealbreaker has the full story, and it is juicy. Click on […] -
David Tatel, Hedge Funds / Private Equity, Ruth Bader Ginsburg, Supreme Court Clerks, Weddings
Legal Eagle Wedding Watch 7.13 and 7.20: Columbian Dictatorship
We interrupt the spirited smackdown of ATL Idol to bring you a couple of LEWW-related announcements. First, as expected, Team Ho-Glover scored a decisive win in June’s Couple of the Month voting. LEWW salutes this glorious SCOTUS – WGWAG – Friend-of-Lat juggernaut! In other news, two notable grooms didn’t make our list of finalists this […] -
Biglaw, Hedge Funds / Private Equity, Media and Journalism, Mergers and Acquisitions, Money, New York Times, Private Equity, Shameless Plugs, Wall Street
For M&A Lawyers, Is the Premium Party Over?
As some of you have noticed, we have an article in today’s New York Times, in the DealBook Special Section. It’s about fee arrangements in the (highly lucrative) context of mergers-and-acquisitions work. Here’s a teaser: For some firms, billable hours are just the beginning. As the boom rolled on, law firms specializing in mergers and […] -
Biglaw, Hedge Funds / Private Equity, McKee Nelson, Private Equity, Wall Street
More Woe Ahead for Private Equity and Mortgage-Backed Securities Lawyers?
That seems to be the theme of this very interesting article, by Ben Hallman and Aruna Viswanatha, in the current issue of the American Lawyer. It echoes the problems we discussed back in this post, concerning the $70 million malpractice suit filed against Cadwalader, in connection with the firm’s mortgage-backed securities practice. Here’s an excerpt […] -
Advertising, Hedge Funds / Private Equity, Job of the Week, Job Searches, Shameless Plugs
Job of the Week
Each week we highlight an exciting job opportunity available through Lateral Link, ATL’s career partner. Here’s the latest listing. No word on whether or not they have a theme song. But for two-fifty large, we think you can live without one. Position: Counsel Employer: Multi-Billion Dollar Hedge Fund Description: Large, prominent hedge fund based in […] -
Advertising, Bar Exams, Barry Ostrager, Gay, Hedge Funds / Private Equity, Law Reviews, Non-Sequiturs, Tax Law, Wall Street
Non-Sequiturs: 08.22.07
* Barry Ostrager of Simpson Thacher bills out at $1,000 an hour? Well, just keep him away from your bathroom. [WSJ Law Blog] * Eager to soak the rich (hedge fund kings)? Good luck with that. [DealBreaker] * Remember the wacky Stephen Dunne, who blames the gays for his bar failure? Not being admitted may […]