Law Firm Mergers

  • The ship be sinking?

  • gradenfreude

    Akin Gump, Biglaw, Federal Judges, Law Firm Mergers, Money, Morning Docket, Student Loans, Women's Issues

    Morning Docket: 09.23.13

    * Will adjudicate for food? With a little more than one week until the end of the fiscal year, the federal judiciary is facing down a “worst-case scenario” with respect to its budget. [National Law Journal (sub. req.)]

    * An unremarkable percentage of firms are led by women lawyers, but Kim Koopersmith of Akin Gump awaits a day when being a first woman in law won’t be “newsworthy.” [Capital Business / Washington Post]

    * Law firm merger mania, Heartland edition: Stinson Morrison Hecker did the do-si-do with Leonard Street & Deinard and will promenade home as Stinson Leonard Street in January. [WSJ Law Blog (sub. req.)]

    * Hearts are breaking on either side of the nationwide same-sex marriage debate, and county clerks are bearing the brunt of all the complaints. When will all states “bit[e] the bullet” and legalize it? [Reuters]

    * “The last time I went into court, I was wearing something that I got at Goodwill.” It turns out even geniuses are stupid enough to rack up hundreds of thousands of dollars in law school debt. [Los Angeles Times]

    2 Comments / / Sep 23, 2013 at 9:10 AM
  • Hope the football makes up for the unemployment.

    Alston & Bird, Biglaw, Celebrities, Facebook, Federal Judges, Law Firm Mergers, Law Schools, Morning Docket, Musical Chairs, Police, Privacy, Racism, Ted Frank

    Morning Docket: 08.13.13

    * In the latest round of musical chairs, Skadden Arps managed to scoop up products liability queen and top woman litigator Lisa Gilford from Alston & Bird. Congratulations! [The Recorder (sub. req.)]

    * Is merger mania a thing of the past? With pocketbooks tighter than ever, “pseudo-mergers” are starting to look great. No one will complain about more lawyers with less liability. [Legal Intelligencer]

    * Man, it’d be great if you could represent plaintiffs in a class action suit and keep all of the settlement funds without having to pay your clients a cent. Oh wait, you can actually do that? [New York Times]

    * “It shows he’s adventuresome and he’s got good taste.” Peter Zimroth, the lawyer appointed to oversee the reform of the NYPD’s stop-and-frisk policies, married very, very well. [Wall Street Journal (sub. req.)]

    * The ABA approved Texas A&M’s acquisition of Texas Wesleyan’s law school. Hello to the Texas A&M Johnny Football School of Law! We hope to see the Heisman of employment stats. [National Law Journal]

    * A judge says the woman who sued Paula Deen for racial discrimination was nothing more than an “accidental victim.” And like that, her race-based claims have melted away like butter, y’all. [ABC News]

    3 Comments / / Aug 13, 2013 at 9:14 AM
  • 170px-Pietro_Perugino_040

    Bankruptcy, Books, International Law, Law Firm Mergers, Law School Deans, Law Schools, Non-Sequiturs, O.J. Simpson, Technology

    Non-Sequiturs: 07.31.13

    * Daniel Chong, the student that the DEA locked in a cell and forgot about for a few days, has settled his lawsuit against the government for $4.1 million. No snark here, congratulations. [CNN]

    * Meanwhile, O.J. Simpson is getting parole (but not quite getting released yet). Here comes Naked Gun 4! [ABC News]

    * A Kenyan lawyer is challenging the trial of Jesus Christ at the International Court of Justice. [Legal Cheek]

    * Professor Paul Campos notes that from 2004-2013, it’s gotten much easier to get into law school. This year 80 percent of students applying to law school will get in somewhere. At least the profession is upholding its high standards. [Lawyers, Guns & Money]

    * DMX declared bankruptcy because bankruptcy actually makes it easier to get a passport. How is DMX broke? Are the residuals from Exit Wounds not paying the bills? [Grantland]

    * King & Wood Mallesons and SJ Berwin LLP are merging to create one of the largest law firms in the world. Dewey think a merger is a good idea? [WSJ Law Blog]

    * A follow-up on a previous item, checking in on the status of the petition to save the federal defenders one week in. [PrawfsBlawg]

    * A profile of the “eighth governor” of the Federal Reserve and Georgetown Law grad, General Counsel Scott G. Alvarez. I would say this is a fascinating look at a prominent regulatory staff member, but the article makes it clear that “regulation” is not exactly the Alvarez agenda. [DealBook]

    * Watch the dean of a law school defend a 0 percent bar passage rate. [ABC 33/40]

    * Another new resource out there — LawTrades. Basically, it’s ZocDoc for lawyers where lawyers can register and prospective clients can search for an attorney who meets their needs. [LawTrades]

    * What are the greatest legal novels of all time? The ABA Journal assembled a panel including our own David Lat and provided a list. You can disagree, but I see one of Archer’s favorites made the list (clip after the jump)…

    7 Comments / / Jul 31, 2013 at 5:01 PM
  • Sarah Jones

    Akin Gump, Biglaw, D.C. Circuit, Defamation, Department of Justice, Insurance, Job Searches, Law Firm Mergers, Morning Docket, Plaintiffs Firms

    Morning Docket: 07.09.13

    * Akin Gump partner Patricia Millett is willing to take a whopping pay cut to serve on the D.C. Circuit — from $1MM to $184K — and for that alone she should be confirmed ASAP. [National Law Journal]

    * With the number of law firm mergers in the last six months alone, we’re on a “potentially record-setting pace” for 2013. Hey, look at it this way: it’s cheaper than hiring and firing laterals. [Am Law Daily]

    * Three years later, the epic litigation between Debevoise & Plimpton and a former client continues to rage on. Now, allegations are being tossed around about a partner’s behavior. [New York Law Journal]

    * According to the Bureau of Labor Statistics, in June, the legal industry lost more jobs than it has in a single month since June 2011. Congrats, Class of 2013! welcome to the real world. [Am Law Daily]

    * In its defense, Standard & Poor’s claims its ratings were puffery, and that no reasonable investor would rely on them. Aww, poor widdle “sophisticated consumers of [investment information].” [Bloomberg]

    * For those of you practicing personal injury law in New York, this case is a bombshell. If you want to put the whole insurance industry on trial, follow the action here. [New York Personal Injury Law Blog]

    * Sarah Jones, the ex-cheerleader who sued for defamation, was back in federal court yesterday for the beginning of her case’s retrial. What a way to start an engagement. [ABC News]

    2 Comments / / Jul 9, 2013 at 9:06 AM
  • marriage equality

    9th Circuit, Antonin Scalia, Ballard Spahr, Biglaw, California, Election Law, Elena Kagan, Gay, Gay Marriage, John Roberts, Law Firm Mergers, Minority Issues, Morning Docket, Patton Boggs, SCOTUS, Supreme Court

    Morning Docket: 07.01.13

    * Who is the real John Roberts? Will he forever be known as health care reform’s savior, or the man who disregarded precedent to gut minority voting rights? Hell if we know, so we’ll let you be the judge. [Opinionator / New York Times]

    * The man may be a mystery, but one thing’s for sure when it comes to Chief Justice Roberts: it’s fair to say that at this point, he’d sincerely appreciate it if his colleagues would kindly STFU during oral argument. [Big Story / Associated Press]

    * Elena Kagan, a justice who was never a judge, is now being praised for her ability to put the law into terms that non-lawyers can understand. That’s a score for law professors everywhere. [New York Times]

    * In terms of the Voting Rights Act, while the chances of the current Congress enacting a universal voting law are approximately nil, there are other effective avenues that could be taken. [New York Times]

    * On Friday, the Ninth Circuit lifted the stay on gay marriages in California, and less than 24 hours later, Prop 8 supporters filed an emergency motion with SCOTUS to stop all of the weddings. Lovely. [NPR]

    * Meanwhile, ex-judge Vaughn Walker thinks Justice Scalia’s having joined the high court’s majority on standing telegraphed the fact that he didn’t have votes to uphold Prop 8 as constitutional. [NPR]

    * Rubber stamp this: Judges on the Foreign Intelligence Surveillance Court are so upset that they’re being made out as government patsies that they’re talking to the press about it. [Washington Post]

    * Whether you think Chevron is “suing [Patton Boggs] lawyers for litigating” or for promoting fraud that “shocks the conscience,” here’s a summary of what’s going on in an epic case. [Washington Post]

    * Got a high-profile criminal defense firm? Look out, because you may have captured Biglaw’s eye. Take, for example, Stillman & Friedman, which will be merging with Ballard Spahr. [New York Times]

    * Apparently being in your mid-50s is a “good time to [retire]” for law deans who pull in six figures. Ken Randall, outgoing dean of Alabama Law, says he’s “really ready for the next challenge.” []

    9 Comments / / Jul 1, 2013 at 9:08 AM
  • Rainbow_flag_and_blue_skies

    Affirmative Action, Anthony Kennedy, Baseball, Biglaw, Gay, Gay Marriage, Law Firm Mergers, Law Schools, Money, Morning Docket, Politics, Ruth Bader Ginsburg, Samuel Alito, SCOTUS, Small Law Firms

    Morning Docket: 06.25.13

    * As we wait for the biggest cases of this term, the question that seems to be on everyone’s minds is: “What would Justice Kennedy do?” We might find out the answer today if we’re lucky. [New Yorker]

    * At least we know what Justice Kennedy wouldn’t do. He’d never disrespect his elders like Justice Alito did yesterday after rolling his eyes at Justice Ginsburg while on the bench. [Washington Post]

    * Meanwhile, although the Supreme Court punted an important affirmative action ruling yesterday, Jen Gratz’s life has been defined by a more meaningful one made about a decade ago. [Washington Post]

    * It’s not what you know, it’s who you know: Covington, the firm where ex-DOJ lawyers go to make money, is representing some very big tech companies in their dealings with the NSA. [Am Law Daily]

    * Fox Rothschild picked up a small Denver firm to reach a “critical mass” of attorneys in its new office and offer full service. FYI, “full service” in Colorado means weed law now, you know. [Legal Intelligencer]

    * “[G]iven the significant decline in law school applications,” Cincinnati Law is pushing for a 30 percent tuition and fees reduction for out-of-state students. That’s a step in the right direction. [WCPO ABC 9]

    * This guy had the chance to go to law school, and I bet he’s really kicking himself now after choosing to be a member of the Boston Red Sox bullpen instead. Poor kid, he could’ve had it all. []

    16 Comments / / Jun 25, 2013 at 9:09 AM
  • quiet shush LF

  • Ruth bader Ginsburg young

    Biglaw, Books, Husch Blackwell, Insider Trading, Job Searches, Law Firm Mergers, Law Schools, Non-Sequiturs, Politics, Ruth Bader Ginsburg, SCOTUS, Supreme Court, Texas, Women's Issues

    Non-Sequiturs: 06.19.13

    * I’ll get into this more tomorrow (unless Fisher drops), but Washington & Lee’s third year “experiential learning” program has met with underwhelming results in terms of job placement. Theories abound as to why, but this is basically why I say (a) the third year is useless, and (b) stop telling me what your law professors can do, and start telling me what your career services officers are doing. [Tax Prof Blog]

    * I guess they didn’t like the way they looked. [Yahoo Finance]

    * Hey, it’s another article beating up on Don Verrilli. I’m going to be really happy for him when he leaves, makes a ton of money, and sticks it all in his ears. [Forbes]

    * An insider trading loophole big enough to drive a material non-public truck through it. [Dealbreaker]

    * Husch Blackwell gets bigger in Texas. [Kansas City Star]

    * Roy Cho, the Kirkland & Ellis associate currently running for Congress, gets a coveted endorsement — from the Wu-Tang Clan! []

    * A nice review for Marcia Coyle’s new book, The Roberts Court (affiliate link). It’ll be fun to see how the Court looks at this moment in time, before what will surely be viewed as legacy-defining decisions on race and gay rights coming any minute now. [Seattle Times]

    * Justice Ginsburg is optimistic about the future of women on the court. She’s also optimistic about the future of skeletons on the court, and she’s super-excited about the possibility of downloading her brain into a robotic body so that she can keep her job forever. [Blog of the Legal Times]

    1 Comment / / Jun 19, 2013 at 5:41 PM
  • Bad Employee

    Attorney Misconduct, Barack Obama, Biglaw, Crime, Election Law, FTC, Guantanamo Bay, Immigration, Lateral Moves, Law Firm Mergers, Law Schools, Legal Ethics, Minority Issues, Morning Docket, SCOTUS, Supreme Court

    Morning Docket: 06.18.13

    * Just like he said in 2008, President Barack Obama says that he’s going to close Guantanamo Bay, and this time, he means it. No, really, he appointed a Skadden partner to handle it, so we know he means business now. [Blog of Legal Times]

    * The Supreme Court just invalidated Arizona’s proof-of-citizenship voter registration law, so of course Ted Cruz wants to add an amendment to the Senate immigration reform bill to require citizenship to vote because, well… duh. [Politico]

    * According to a Pew Research survey, a majority of Americans think Edward Snowden should be prosecuted for his NSA leaks. It’s also likely that same majority don’t even know what Edward Snowden leaked. [USA Today]

    * It looks like Jon Leibowitz, the FTC’s ex-chairman, got some great birthday presents this week. Davis Polk partnership and a SCOTUS victory aren’t too shabby. [DealBook / New York Times]

    * They don’t give a damn ’bout their bad reputation: malpractice claims filed against attorneys and firms were up in 2012, and some say mergers and laterals are to blame. [WSJ Law Blog (sub. req.)]

    * If you’re worried about your low GPA when applying to law school, you haven’t been reading the news. You’ll get in everywhere you apply. [Law Admissions Lowdown / U.S. News & World Report]

    * ¡Ay dios mío! The Hispanic National Bar Association is hoping that a week spent in law school will inspire minority high school students to become lawyers in the distant future. [National Law Journal]

    6 Comments / / Jun 18, 2013 at 9:08 AM
  • Forget horse heads -- this is what you wake up to if you try to unionize at Burger King.

    Animal Law, Barack Obama, Blank Rome, Craigslist, Fast Food, Intellectual Property, Job Searches, Labor / Employment, Law Firm Mergers, Law Schools, Non-Sequiturs, Politics

    Non-Sequiturs: 05.30.13

    * Burger King sells burgers by celebrating that they are built with fictional union labor while actively interfering with workers forming real unions. This would be too much hypocrisy for some, but Burger King gets to have it its way. [Buzzfeed]

    * I cannot top the subject line from the tipster: “Obama calls the nation to arms on trade secret theft, but the nation is at the mall.” [Orrick]

    * A review of Logan Beirne’s new book Blood of Tyrants: George Washington & the Forging of the Presidency (affiliate link). I wonder what George Washington would say if the Senate blocked his judicial nominees? [Washington Times]

    * Step One: Collect cash from government for doing business in downtown Manhattan. Step Two: “Close” the firm and move all the partners and cases to Blank Rome. Step Three: Refuse to pay back the money. [Thompson Reuters News & Insight]

    * Why does everyone want to go to law school? I figured it was just to compete in the ATL Law Revue competition. [The League of Ordinary Gentlemen]

    * Be nicer to the sea cows! [Lowering the Bar]

    * This Craigslist job posting under “Legal/Paralegal Jobs” in San Diego: Accidental listing or sadly prophetic commentary on the legal job market? Just in case someone removes the listing, I’ll post a screenshot after the jump…

    6 Comments / / May 30, 2013 at 5:05 PM
  • Kamala Harris

    Barack Obama, Biglaw, Law Firm Mergers, Law Professors, Law School Deans, Law Schools, Midsize Firms / Regional Firms, Morning Docket, Politics, Sandra Day O'Connor, SCOTUS, Supreme Court, William Rehnquist

    Morning Docket: 04.05.13

    * If President Obama could send a love note to California Attorney General Kamala Harris, it’d probably say something like this: “Girl, you look good. Won’t you back that ass up?” [ABC News]

    * The fun things you learn during a Supreme Court justice’s book tour: apparently Sandra Day O’Connor dated William Rehnquist when they were at school together at Stanford Law. [Legal Times]

    * When it comes to law firms, size really does matter. Quite a few midsize firms had the urge to merge in the first quarter of 2013, according to the latest Altman Weil survey. [Am Law Daily]

    * In case you haven’t heard the news by now, NYU Law School has a new dean, and he was poached fresh from Columbia. The bonus here is that he’s actually pretty cute. We’ll have more on this story later today. [NYU Law News]

    * Law faculties may be a tad too liberal, say some at Harvard Law School, which is basically a bastion of leftie law professors. Cut to Ted Cruz muttering about Commies under his breath. [USA Today]

    * Here’s an obvious protip that may not be obvious to 0Ls: if you’re going to ask for a recommendation letter, you should probably make sure that it’s going to be a positive one. [U.S. News & World Report]

    11 Comments / / Apr 5, 2013 at 9:05 AM
  • women-lawyers

    Biglaw, Boutique Law Firms, Clarence Thomas, Gay, Gay Marriage, Gender, Law Firm Mergers, Law Schools, Morning Docket, Partner Issues, SCOTUS, Securities Law, Supreme Court, Women's Issues, You Go Girl

    Morning Docket: 04.03.13

    * Some Supreme Court analysts are speculating that Justice Clarence Thomas could cast a vote to overturn the Defense of Marriage Act, but at this point, that’s just about as likely as him speaking during oral arguments. [Talking Points Memo]

    * When a practice group laterals out of a firm en masse, you know things were probably going on behind the scenes for a while. Apparently Bingham’s securities enforcement crew was in very high demand by other Biglaw firms. [Am Law Daily]

    * Hot on the heels of a merger ménage à trois, Dentons (fka SNR Denton) is already eyeing new growth possibilities across the globe. Guess they’re down with orgies now… [WSJ Law Blog (sub. req.)]

    * “Clients don’t hire us because of our sex. They hire us because we win.” This, from Hillary Richard, one of the female name partners of a largely all-female firm. You go girl! [DealBook / New York Times]

    * Silly Cooley, a “second-tier” law school by any other name would smell as stank. Our nation’s second-best law school is considering a union with Western Michigan University. [National Law Journal]

    5 Comments / / Apr 3, 2013 at 9:06 AM
  • Pillsbury's so lonely these days.

    B for Beauty, Biglaw, Crime, Election Law, Federal Judges, Guns / Firearms, Hotties, Jeffrey Toobin, Law Firm Mergers, Law Schools, Money, Non-Sequiturs, Videos, YouTube

    Non-Sequiturs: 01.14.13

    * “Without the formation of character, the rest is futile.” An Article III judge’s take on the law school crisis. [Simple Justice] * Because nobody likes sloppy seconds, the merger talks between Pillsbury Winthrop and Dickstein Shapiro are now off the table. [Thomson Reuters News & Insight] * David Tresch, an ex-Biglaw CIO, was indicted […]

    4 Comments / / Jan 14, 2013 at 5:29 PM
  • Best job ever?

    Bloomberg, Gay, Gay Marriage, Gender, Job Searches, Law Firm Mergers, Law Schools, Non-Sequiturs, SCOTUS, Supreme Court, Texas, Women's Issues

    Non-Sequiturs: 01.11.13

    * Go to BuzzFeed to see pictures of cute animals, or go to BuzzFeed to see some quality journalism — like Chris Geidner’s profile of Edith Windsor, plaintiff in one of the landmark gay-marriage cases before the Supreme Court. [BuzzFeed]

    * “A python is fairly dangerous. There’s definitely a turn-on about hunting something carnivorous that could, in theory, eat you,” says the NYU law student heading to Florida to hunt pythons for prize money. [Bloomberg]

    * Looking for work? It’s time to head south, before everyone else does. Word is starting to get out about Texas, which boasts a low cost of living, no state income tax, and jobs — yes, actual freaking jobs. [Instapundit]

    * But there’s no shortage of jobs in the housewife sector. If that’s what you want to do, then be fruitful, multiply, and remove your résumé from consideration at the jobs you’ve unwillingly applied to. [The Careerist]

    * Although a reference from this century would’ve been appreciated, both Lat and Elie agree that I’m pretty damn great at “mak[ing] everything be okay.” Where’s a cute hat to toss when you need one? [Law and More]

    * Lat sometimes dabbles in Biglaw predictions (despite the risks of being wrong). If you’re interested in seeing more, watch him in this interview with Lee Pacchia of Bloomberg Law….

    9 Comments / / Jan 11, 2013 at 5:15 PM
  • Pro bono for clients, but not for students.

    American Bar Association / ABA, Biglaw, Deaths, Dewey & LeBoeuf, Guns / Firearms, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 12.18.12

    * Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]

    * Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]

    * Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]

    * Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]

    * Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]

    * Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]

    5 Comments / / Dec 18, 2012 at 9:02 AM
  • Puerto Rico beach writing

    Biglaw, Celebrities, Disasters / Emergencies, Drugs, Federal Government, Harold Koh, Harris Beach, Holidays and Seasons, Job Searches, Law Firm Mergers, Law Professors, Law Schools, Marijuana, Morning Docket, Music, Musical Chairs, Parties, State Department

    Morning Docket: 12.10.12

    * “The people who are paying us say this is what we want.” When it comes to cross-border mergers, law firms aren’t becoming behemoths for the hell of it. The end goal is to be able to edge out the rest of the competition. [Wall Street Journal (sub. req.)]

    * It’s been six weeks since Hurricane Sandy hit the east coast, and “[e]verybody wants to go back downtown,” but some Biglaw firms in New York City — firms like Harris Beach and Cahill Gordon — are still stuck in their temporary offices. [New York Law Journal]

    * Following Jeh Johnson’s adieu to the DoD, drone-loving Harold Koh will be packing up his office at the State Department and returning to Yale Law to resume his professorship next month. [WSJ Law Blog (sub. req.)]

    * According to the Bureau of Labor Statistics, the legal sector is employing 5,800 more people than it was at this time last year. We’d be in good shape if 40,000 people hadn’t graduated law school in May. [Am Law Daily]

    * Another day, another wrist slap: Villanova Law has been placed on probation for by the Association of American Law Schools over its grade-inflation scandal. Does that even mean anything? [Philadelphia Inquirer]

    * The Lanier Law Firm, known for its spectacular Christmas parties, hosted some country superstars at this year’s event. Guess we know where Faith Hill and Tim McGraw go for legal assistance. [Houston Chronicle]

    * A slim majority of American adults think that federal government employees should just sit back, relax, and smoke a bowl instead of enforcing federal laws against marijuana use. [FiveThirtyEight / New York Times]

    * “I’m sorry they are confused in the White House.” Puerto Rico’s statehood referendum received a majority of votes, but lawmakers say the results of the two-part plebiscite are too confusing to add a 51st state. [CNN]

    1 Comment / / Dec 10, 2012 at 9:08 AM
  • KL Gates logo small

    Biglaw, Law Firm Mergers, Partner Issues

    Law Firm Merger Mania: K&L Gates Merging With Middletons

    The merger between K&L Gates and Middletons, the Australian law firm, has been approved by both partnerships.

    12 Comments / / Dec 4, 2012 at 11:16 AM