Above the Law

Recent Headlines from Above the Law

 

Since 2008, Crain’s New York Business has produced a list of the Best Places to Work in New York City. Each year, a few law firms sneak onto the list, much like the situation with Fortune’s 100 Best Companies to Work For list.

This year, seven law firms made Crain’s list, while only four made Fortune’s list, as of January 2012. Just two firms overlap between Crain’s and Fortune’s lists.

Which ones are considered tops in the city that never sleeps? Let’s find out…

Please note the UPDATE to this post below.

double red triangle arrows Continue reading “Crain’s 2013 ‘Best Places To Work In NYC’ List Includes Seven Law Firms”

* Stop bullying the judges on the Foreign Intelligence Surveillance Court. They don’t cave to just any government data request — they make changes to about 25 percent of them. But uh… they don’t like to talk about the other 75 percent. [Bloomberg]

* Everything’s bigger in Texas, including the number of Biglaw firms with failing grades for diversity. Hunton & Williams, Patton Boggs, and Thompson Coe are by far the worst offenders of all 19 large firms, with ZERO minority partners. [Texas Lawbook]

* A contract attorney is currently facing criminal charges for felony overbilling (which isn’t actually a real crime, but it’d be cooler if it was… plus it would make lots of lawyers from DLA Piper cry). [Radio Iowa]

* Well, at least one school got the message about the tuition being too damn high. Iowa Law is reducing tuition for out-of-state students by about $8K in the hopes of filling more seats. [Des Moines Register]

* Amanda Knox, more commonly known as Foxy Knoxy, says that she’s no “femme fatale,” but she’s being portrayed, again, as a “sex-obsessed she-devil” after already being acquitted of murder. [Reuters]

* Fashion designer Christian Louboutin was seeing red over the use of his trademark red soles in anti-Islam political messages, so he sued over it, and this time, he won. Rejoice, fashionistas! [New York Magazine]

In vino veritas — about unannounced transactions.

Here’s some friendly advice: when you’re drunk, try to keep your mouth shut. Or at least keep your work-related thoughts to yourself. This is certainly true for junior lawyers, but it goes for partners as well.

According to a complaint just filed by the Securities and Exchange Commission, an IP partner at a leading law firm had a few too many drinks, then got a little “TMII” — “too much (inside) information” — with his investment adviser. That adviser then traded on the material, nonpublic information, the SEC alleges….

double red triangle arrows Continue reading “Tipsy Partner Tipped Insider Trading Defendant, SEC Alleges”

* Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]

* Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]

* Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]

* If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]

* Law schools in the Dakotas are renovating their buildings in the hope of enrolling more students. Luckily, South Dakota has that sweet indentured servitude plan. [Prairie Business; National Law Journal (sub. req.)]

* If you’re thinking of applying to law school, here’s a plan of attack for the month of September. That’s right, friends, you can start gunning right now! [Law Admissions Lowdown / U.S. News & World Report]

* Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]

I’ll miss you the most, my little cupcake.

* 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]

Last week, we discussed the effort by Dewey & LeBoeuf to hold on to departing partners by enforcing its 60-day notice requirement. Partners that leave without complying with the requirement can miss out on profit distributions.

Alas, the response of many partners seems to be, “So what?” Yesterday brought word of about eight partners leaving Dewey. And since our story this morning about Dewey’s tax-time troubles, even more defections have been announced.

So who are the latest lawyers to leave, and where are they going?

double red triangle arrows Continue reading “Dewey Have A Way To Stop The Partner Hemorrhaging? Energy Lawyers Exit”

Today, as you probably know, is the deadline for filing your taxes. As was the case last year, the combination of April 15 falling on a weekend and the little-known holiday of Emancipation Day pushed the filing deadline back a bit.

Did you appreciate the extra time to fill out your tax return? Partners at Dewey & LeBoeuf probably did, due to some problems with their K-1 forms.

And speaking of partners at Dewey, their numbers continue to decline. Let’s look at the latest defections, as well as the tax issue.

UPDATE (10:30 AM): The game of musical chairs continues. Six more Dewey departures, which we learned about shortly after publishing this post, after the jump.

double red triangle arrows Continue reading “Dewey Know How To Do The Taxes?”

Our hazing shenanigans are cheeky and fun! Your shenanigans are cruel and tragic.

* There is a woman on my block who walks her inconceivably yappy dogs every damn day at 4:45 PM. Do I routinely go outside and yell at her to shut her dogs up? Yes. Do I pepper spray her pitiful excuses for K-9 companions, like this Hunton & Williams partner allegedly did? No. At least not yet… [Gossip Extra]

* As a Dartmouth undergrad, this current UVA Law student oversaw fraternity initiation rituals, which allegedly involved “chugging ass beers, eating vomelettes, and consuming pure vinegar.” Jesus. That might even be worse than the elephant walk. [Ivy Gate]

* The gospel of Elie Mystal is officially snowballing. Next, I think he needs about a dozen disciples, some flowy robes, and a good set of sandals. [Gawker]

* As a lifelong baseball fan, I’m honestly kind of glad that American football is now on the national hotseat. Yeah, steroids are bad, mmkay. But at least Bruce Bochy doesn’t reward his players for putting the visiting team in the hospital. [ESPN]

* Ponzi schemer extraordinaire Allen Stanford bravely faces the music. [Dealbreaker]

* Who said it’s tough to get a lawyer job these days? Clearly, all you need is a father in the state Senate willing to trade political favors for your employment opportunities. [Press Connects]

* Hopefully the Skadden clerk responsible for botching work for Las Vegas mogul Steve Wynn doesn’t end up up like Joe Pesci at the end of Casino. [Am Law Daily]

* All you lonely Manhattan Biglaw attorneys will now have to find somewhere else to find buy your “Dream Girl” or “Ultimate Elite Model.” [Dealbreaker]

A 'best place to work': outside, when the weather's nice.

Since 2008, Crain’s has been producing a list of the 50 Best Places to Work in New York City. Each year, a few law firms manage to sneak their way onto the list, much like what we’ve seen thus far with Fortune’s 100 Best Companies to Work For list.

This year, seven law firms made Crain’s list, and as we told you back in January, only four made Fortune’s. Three firms are new to Crain’s list, while the other four moved up or down in the rankings. Just two of those firms overlap between Crain’s and Fortune’s lists.

It appears that congratulations and condolences are both in order. So, which law firms are considered the cream of the crop in New York City?

double red triangle arrows Continue reading “Crain’s 2011 ‘Best Places to Work in NYC’ List Includes Seven Law Firms”

The cutting-edge information and security practice of Hunton & Williams is getting the firm lots of media attention these days — but not of the positive variety. The firm’s lawyers are getting coverage due to their information becoming insecure after a hacktivist group leaked emails they exchanged with security firm HBGary.

Last night, the firm’s logo was flashed several times on the Colbert Report, as Stephen Colbert named the firm as the link between the DOJ, HBGary, and Bank of America, in coming up with questionable tactics for undermining liberal activists. (See our prior post, Hunton & Williams Gets WikiLeaked.)

Salon’s Glenn Greenwald, who we know isn’t a fan of the firm, was a guest on last night’s show, telling Colbert:

What is most significant here is that you have these plans that are clearly crossing a legal line, with very serious players involved. Law firms like Hunton & Williams are the most powerful in D.C. And no one at any point said, “Maybe this goes a little too far, maybe we shouldn’t be doing this.” So willing to cavalierly to put a plan like this that clearly proposes illegal steps down on paper. It clearly shows that this sort of stuff in this world of corporate and government consortium of power is pretty normal, is par for the course.

Moral of the show: BigLaw + BigGov = Evil. Check out Colbert’s telling of the “techno thriller” tale (after the jump). Think Star Wars, with Bank of America as Darth Vader, HBGary and Hunton & Williams as commanders of the Imperial Forces, WikiLeaks as Princess Leia, and Anonymous as Han Solo….

double red triangle arrows Continue reading “Hunton & Williams Gets Colbert Report’ed”

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