Big news out of New York today: Dennis Block, a leading mergers and acquisitions attorney, is on the move. Known for being extremely successful — but notoriously difficult to work with — Block is stepping away from Cadwalader, Wickersham & Taft and bringing his huge book of business to Greenberg Traurig.
This Brooklyn Law School graduate proves that you don’t need to go to a T-14 school to have a great career. Block has served as counsel on several big time affairs, including Pfizer’s $68 billion Wyeth takeover, and JPMorgan’s Bear Stearns buyout.
Let’s learn more about Block’s past, and see what Cadwalader has to say about this partner’s defection….
* Paul Bergrin wants to represent himself in his racketeering case. They say that a man who represents himself has a fool for a client, but that’s not the case when you’re considered the Baddest Lawyer in the History of Jersey. [Philadelphia Inquirer]
* Hordes of Biglaw lawyers couldn’t stop the DOJ from trying to block the AT&T/T-Mobile merger. New antitrust issues abound, like “higher prices, fewer choices and lower quality products.” They already have a monopoly on crappy coverage. [Am Law Daily]
* The truth? You can’t handle the truth! That, or you don’t really care about it when it comes to Barry Bonds. The big-headed baseball MVP will not face a retrial on his perjury charges. [CNN]
* Jessica Beagley managed to avoid jail time at sentencing. Come on, judge, you could’ve at least given her a taste of her own medicine: hot sauce and a cold shower. [WSJ Law Blog]
* BitTorrent porn? On my grandma’s computer? It’s more likely than you think. After this California granny scolded Steele Hansmeier, the lawsuit against her was dropped. She mailed the firm a Werther’s Original in thanks. [Huffington Post]
* Nudity first, names later. I like this sheriff deputy’s alleged style. A girl in Utah is suing over a roadside traffic rendezvous that she says turned into an illegal strip search. [Standard-Examiner]
Edwards Angell & Wildman Harrold: A match made in heaven?
What results from the coupling of an angel and a wild man? One might think: angel + wild man = air traffic nightmare.
In the law firm context, however, the result is quite different. Edwards Angell is merging with Wildman Harrold, to form Edwards Wildman Palmer. The merger will take effect on October 1 and “will bring together 650 lawyers across two legacy firms renowned for their deep experience, shared dedication to client service, and highly collaborative cultures,” according to the new firm’s website.
What else do we know about Edwards Wildman Palmer? And what might be motivating this merger?
* The hotel maid behind DSK’s extended stay in New York has now sued her alleged attacker. Remember, this is all about the truth. It has nothing to do with money. [CNN]
* Should you be worried about the stock market’s seppuku yesterday? If you like money, then probably. If you like your job as an M&A attorney, then definitely. [The Recorder]
* Illinois is giving sex trafficking victims the chance to vacate their prostitution convictions. Even if Reema Bajaj gets convicted, she still couldn’t use this law to clear her name. [Chicago Sun-Times]
* Therapy dogs aren’t just for law school libraries anymore. Now they’re appearing in courtrooms. But is an adorable dog unfair to defendants? Only if you hate dogs… and justice. [New York Times]
A lawyer who lacks self-confidence feels compelled to run down every issue, make every argument, and depose every witness. After all, if you choose to make an educated guess about the importance of a tangential issue, or whether to omit a plausible (but likely losing) argument from a brief, or whether to incur the cost of deposing a just-barely-relevant witness, all may be lost. You might lose the case, and the recriminations would never stop. Better to leave no stone unturned than to leave yourself at risk of being second-guessed.
That’s one reason to hire lawyers with a little self-confidence. They’re willing to take intelligent risks where it makes sense to do so.
Which brings us to the topic of today’s post: Compliance due diligence.
If your company’s considering an acquisition, you can simply outsource the entire compliance due diligence process. Hire Big Firm, ask it to handle due diligence, and wait for the results. No muss, no fuss.
“Aww, Matt, why do you have to go around giving us a bad name?”
Ever since Matthew Kluger was charged in a massive insider trading case, involving an alleged conspiracy that spanned 17 years and generated more than $32 million in profit, the foregoing question could be asked by many groups: Cornell grads, NYU law grads, Cravath lawyers, Skadden lawyers, and Wilson Sonsini lawyers.
Tonight we can add more groups to the list: Fried Frank lawyers, and gays — specifically, gay dads.
As reported by the Wall Street Journal earlier tonight, Matt Kluger worked at yet another major law firm: Fried Frank. After he was fired by the firm in 2002, he sued, claiming that partners there discriminated against him because he’s gay — and a father of three, with parenting responsibilities.
Just when you thought this case couldn’t get any weirder, it just did. Matthew Kluger is gay. And a dad. With three kids. Thanks for sending America such a positive image of LGBT parents, Matt!
Let’s take a closer look at Kluger’s suit against Fried Frank — and additional details about Matt Kluger’s complicated personal life, gleaned from ATL tipsters….
There’s no contest today for Lawyer of the Day honors. The clear winner is Matthew Kluger, a former associate at three leading law firms, who has been charged in a massive insider trading case. Kluger stands accused of reaping more than $32 million in profit over the course of a 17-year conspiracy, which also allegedly involved a trader, Garrett Bauer. (Kluger and Bauer might not be as big as Raj Rajaratnam, who’s pretty hefty, but their supposed scheme is nothing to scoff at.)
The charges were filed by Paul Fishman, U.S. Attorney for New Jersey (disclosure: my former office). Fishman claims that Matt Kluger passed along insider information that eventually made its way, via an unnamed co-conspirator, to Garrett Bauer, who traded on it. According to the complaint, Kluger and Bauer invested more than $109 million in the scheme, which yielded profits of more than $32.2 million.
Where did Kluger allegedly obtain the inside information? From the three Biglaw firms where he once worked on M&A deals….
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.