Bankruptcy

  • Dewey LeBoeuf LLP new logo DL

    Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, Partner Issues, Partner Profits, Wells Fargo

    Dewey Know Who’s Next? (Reprise)

    Which major law firm might follow in the footsteps of Dewey and LeBoeuf? Let’s discuss….

    38 Comments / / Sep 17, 2012 at 6:20 PM
  • Kate Middleton

    9th Circuit, Alex Kozinski, Bankruptcy, Biglaw, Breasts, Dewey & LeBoeuf, H. Rodgin Cohen, Morning Docket, Pictures, Privacy, SCOTUS, Supreme Court, Supreme Court Clerks, United Kingdom / Great Britain

    Morning Docket: 09.17.12

    * Come on, people, Dewey really think that it’s fair that these proposed partnership clawback settlements blame only us for the firm’s implosion? The Steves and ex-CFO Joel Sanders don’t think so. [Bloomberg]

    * “[E]ven if partners’ capital contributions were used to repay Dewey’s indebtedness—so what?” Well, that’s certainly one way to defend a suit alleging Citibank’s participation in a Ponzi-like scheme. [Am Law Daily]

    * A $280K bonus sure seems nice, but do all Supreme Court clerks choose life in Biglaw once they’ve completed their stints at the high court? As it turns out, the answer is no — some view the money as “golden handcuffs.” [Wall Street Journal]

    * Because nobody can ogle these crown jewels except Prince William: the royals’ potential suit against Closer magazine over topless pics of Kate Middleton has turned into full-blown privacy proceeding. [New York Times]

    * If you’re struggling in law school, it may be wise to take some advice from those who’ve been there before you, like SullCrom’s Rodge Cohen, the Ninth Circuit’s Chief Judge Alex Kozinski. [National Law Journal]

    7 Comments / / Sep 17, 2012 at 9:11 AM
  • Someone's excited about fashion law!

    8th Circuit, 9th Circuit, Abortion, Bankruptcy, Barack Obama, Biglaw, Celebrities, Constitutional Law, Copyright, Deaths, Fashion, Kiwi Camara, Law Professors, Law Schools, Money, Morning Docket, Richard Epstein

    Morning Docket: 09.12.12

    * Good news, everyone! According to Citi’s Managing Partner Confidence Index survey, firm leaders are feeling pessimistic about their business due to an overall lack of confidence in the economy. [Am Law Daily]

    * Per the Ninth Circuit, an Idaho statute that essentially criminalizes medication-induced abortions imposes an undue burden on a woman’s ability to terminate her pregnancy. Really? You don’t say. [Bloomberg]

    * Kiwi Camara’s circuitous route to SCOTUS: thanks to the Eighth Circuit, Jammie Thomas-Rasset started and ended her journey with $222K damages for copyright infringement. [Thomson Reuters News & Insight]

    * “Fashion law is a real career choice,” says Gibson Dunn partner Lois Herzeca. This niche practice area is one of the hottest new trends in the wonderful world of fashion, and it’s not likely to go out of style any time in the remote future. [Reuters]

    * Your clawback suit is a wonderland? John Mayer was named as a defendant in a suit filed by trustees seeking to recover money paid out by Ponzi schemer Darren Berg. [Bankruptcy Beat / Wall Street Journal]

    11 Comments / / Sep 12, 2012 at 9:06 AM
  • Comment-of-the-week

    Bankruptcy, Comment of the Day, Law Schools, Money, Student Loans

    Comment of the Week: Loan Debt Redemption

    Who won the award for Comment of the Week?

    5 Comments / / Sep 7, 2012 at 4:58 PM
  • L

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Sports

    And The Softball Team Played On: Dewey’s Softball Team

    Let Dewey play… softball. Not law, we’re not crazy…

    16 Comments / / Sep 7, 2012 at 2:04 PM
  • waving

    Bankruptcy, Boutique Law Firms, Lawyer Advertising, Ridiculousness, Small Law Firms

    Las Vegas Firm Serves Up Second Helping of Ham

    Our favorite lawyers in Las Vegas are at it again, and this time around, we get more awesome porcine puns, cheesy acting, and ugly sweaters.

    13 Comments / / Sep 7, 2012 at 1:08 PM
  • Jewel v Boxer 2 small

    2nd Circuit, Bankruptcy, Biglaw, California, Dissolution, Lateral Moves, Partner Issues, Partner Profits, Robinson & Cole, S.D.N.Y., Thelen Reid & Priest, Thelen Reid Brown Raysman & Steiner

    A Welcome Ruling for the New Law Firms of Refugees from Bankrupt Firms

    A decision just handed down by a judge of the Southern District of New York has important implications for law firm dissolutions.

    5 Comments / / Sep 4, 2012 at 4:58 PM
  • Crushing-Debt-Obligations2

    Bankruptcy, Law Schools, Money, Student Loans

    Can You Show ‘Undue Hardship’ On Your Student Loans? You May Be Surprised.

    Maybe claiming undue hardship isn’t as impossible as it seems, if you truly have no hope…

    53 Comments / / Sep 4, 2012 at 11:22 AM
  • Angelica Cecora

    Bankruptcy, Biglaw, Celebrities, Dewey & LeBoeuf, Federal Government, Federal Judges, Law Schools, Minority Issues, Morning Docket, Partner Issues, State Judges, Student Loans

    Morning Docket: 09.03.12

    Ed. note: Due to the Labor Day holiday, we’ll be on a reduced publication schedule today. We’ll be back to normal tomorrow. A restful and happy Labor Day to all!

    * The lone ex-Dewey partner who was sued by Citibank for defaulting on his capital loan is fighting back, claiming that he was “fraudulently induced” into signing up for the plan even though the bank knew that the S.S. D&L was sinking. [Reuters]

    * If you’re trying to avoid additional questions being raised about your alleged bad behavior, a resignation amid scandal isn’t the way to do it. Suzanne Barr, the ICE official accused of running a federal “frat house,” has quit her job. [New York Daily News]

    * A federal judge taught the members of the Louisiana Supreme court that the year 1994 did, in fact, occur before the year 1995. Justice Bernette Johnson will now ascend to the rank of chief justice. [Times-Picayune]

    * Because we’re all a little hopeless these days: given the bleak realities of our economic situation, perhaps it’s finally time to change the standard for a discharge of student loan debt in bankruptcy. [New York Times]

    * “The groups that attempt to rank schools are involved in a lot of hogwash.” Even if that’s the case, people are still going to care about the University of Illinois’s rankings nosedive after the Paul Pless to-do. [News-Gazette]

    * Don’t be scared by the absurd tuition rates or the abysmal job prospects, because law school is still a great investment for African-Americans — and for law schools in search of diversity, too. [National Law Journal]

    * “[T]hat a lawyer would take this kind of case is shocking.” Sadly, it’s not. Angelica Marie Cecora, the alleged escort who filed a $5M suit against Oscar de la Hoya, now has to pay all of his legal fees. [New York Post]

    6 Comments / / Sep 3, 2012 at 10:02 AM
  • Kim Kardashian

    Bankruptcy, Biglaw, Boutique Law Firms, Celebrities, Constitutional Law, Dewey & LeBoeuf, Law Firm Mergers, Morning Docket, Partner Issues

    Morning Docket: 08.30.12

    * Apparently spring bonuses don’t make the Biglaw world go ’round after all. The annual Am Law midlevel survey is out, and satisfaction levels are up across the board. Maybe they’re happy to still be employed. [American Lawyer]

    * When Dewey get to retire this used up, old D&L pun? Probably around the same time as that Howrey joke — never. Oh, and the firm asked a bankruptcy judge to approve its $70M partner “clawback” plan. [WSJ Law Blog]

    * Oh mon dieu, it’s time for some law firm merger mania! DLA Piper, the second-largest Biglaw behemoth, proposed to French firm Frieh Bouhenic, and of course, the corporate boutique said “oui.” [Legal Week]

    * Judicial efficiency: Judge Robert Hinkle says he’ll block Florida’s regulations on voter registration groups just as soon as an appeals court boots the state’s arguments. [Bloomberg]

    * Judge Kenneth Lester Jr. will step down as judge in the George Zimmerman case after using “disparaging” language in a bail order. Zimmerman’s probably hoping that the third judge will be the charm for him. [CNN]

    * Kim Kardashian settled her suit against The Gap over the company’s use of a look-alike actress in an Old Navy commercial. Sigh. She’ll keep getting paid, no matter what we do. [Hollywood, Esq. / Hollywood Reporter]

    4 Comments / / Aug 30, 2012 at 9:09 AM
  • Killer cups?

    Bankruptcy, Biglaw, Blank Rome, Breasts, Deaths, Dewey & LeBoeuf, Howrey LLP, Litigators, Money, Morning Docket, Murder, Rape

    Morning Docket: 08.22.12

    * Dewey know how much it costs to keep this failed firm on life support while its remaining partners try to collect D&L’s unpaid bills? A little more than $2M a month, according to the latest reports. [WSJ Law Blog]

    * Former Missouri senators — including two Am Law 200 partners — are asking begging Rep. Todd Akin to step aside so the Republicans chances of securing the Senate seat aren’t legitimately raped. [Am Law Daily]

    * Howrey going to explain this one to the judge? The defunct firm is blaming a deadly forklift accident at a document-storage warehouse for hindering its wind-down process. [Bankruptcy Beat / Wall Street Journal]

    * “No matter what they said, it’s not material? Is that what you’re alleging?” It figures that a Skadden partner argued that employment statistics were irrelevant in the fraud class action suit against Brooklyn Law School, but at least the judge attempted to set him straight. [National Law Journal]

    * Alaska is suing to overturn federal oversight of its elections, because the portions of the VRA aimed at protecting African Americans aren’t applicable if you can see Russia from your house. [Chicago Tribune]

    * An official at ICE is suing because his boss, a woman, allegedly “created a frat house-type atmosphere that is targeted to humiliate and intimidate male employees.” Pledging totally sucks, bro. [New York Times]

    * Psst, we think we know what Victoria’s secret is, and she’s no angel. According to police, she’s got a very bad temper, and if you deny her money for booze, she may strangle you to death with her bra. [Daily Mail]

    * Jerome Richter, former Blank Rome litigation department chairman, RIP. [Philadelphia Inquirer]

    15 Comments / / Aug 22, 2012 at 9:10 AM
  • A Shirvell Photoshopportunity?

    Bankruptcy, Baseball, Biglaw, California, Defamation, Dewey & LeBoeuf, Morning Docket, Partner Issues, Pornography, Prostitution, Sex

    Morning Docket: 08.17.12

    * “I don’t think I should have to pay anything back, because I wasn’t part of the management that drove the firm into the ground.” Dewey know when it’s time to stop complaining, pay up, shut up, and move on? [DealBook / New York Times]

    * Good news, everyone! According to the Citi Midyear Report, based on the first half of 2012, Biglaw firms may have trouble matching last year’s single-digit profit growth. You thought the worst was over? How embarrassing for you. [Am Law Daily]

    * Apparently Andrew Shirvell didn’t do a very good job questioning himself on the stand, because the former Michigan AAG now has to shell out $4.5M in damages for defaming Chris Armstrong. [Detroit Free Press]

    * Six of one, half a dozen of the other: Barry Bonds’s lawyers filed a reply brief in their appeal of his obstruction conviction, arguing that his statements were truthful but nonresponsive, as opposed to being misleading. [AP]

    * “We’re crazy about sex in the United States. I call it ‘sexophrenia.’” The Millionaire Madam’s attorney had a nutty yesterday after a judge refused to dismiss a prostitution charge against his client. [New York Daily News]

    * The opposite of a fluffer? Los Angeles officials seeking to enforce the city’s new adult film condom law are beginning a search for medical professionals to inspect porn shoots for compliance. [Los Angeles Times]

    12 Comments / / Aug 17, 2012 at 9:10 AM
  • I'm not the guy you kill. I'm the guy you buy!

    Bankruptcy, Biglaw, Breasts, Dewey & LeBoeuf, Movies, Non-Sequiturs, Partner Issues, Privacy, Racism, Screw-Ups, State Judges, State Judges Are Clowns, Technology

    Non-Sequiturs: 08.16.12

    * A St. Louis plastic surgeon has been sued for allegedly posting topless photos of her breast augmentation patients online — with their names attached to the photos. It’s just more evidence that sooner or later everyone will be naked on the internet. [St. Louis Post-Dispatch]

    * Dewey have enough partners to make the Partner Contribution Plan viable? It seems that we do! [Thomson Reuters News & Insight]

    * Wow, the miracles of technology. Now if you have a paternity dispute that you need to clear up, you don’t need to go on Jerry Springer. All you need to do is visit your local taco truck DNA testing van. [Legal Blog Watch]

    * You know that scary feeling when it seems you have forgotten something but you can’t figure out what it is? Well, you forgot your toddler — at the grocery store. There, fixed it for you. [Legal Juice]

    * Oh boy, another misbehaving state judge. This one, from Georgia, allegedly pre-signed arrest warrants and hit on a woman who appeared before him in court. Sounds like quite the stand-up dude. [Atlanta Journal Constitution]

    * What are the top five movies all law students should watch? Let the arguing over this list begin… [Greedy Associates]

    * I’m sure there must have been a legitimate reason for a federal judge to compare the civil liberties of Muslim Americans to a “hideous sea monster,” but c’mon, really? [Chicago Tribune]

    4 Comments / / Aug 16, 2012 at 6:04 PM
  • Dewey LeBoeuf logo large

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

    Dewey Have Data on How Much Partners Got Paid? Yes — Thanks to the Partner Contribution Plan

    Here are spreadsheets showing how much Dewey’s 109 most highly compensated partners earned in 2011 and 2012, along with how much they are being asked to contribute in “clawbacks” under the “Partnership Contribution Plan.” Enjoy!

    31 Comments / / Aug 16, 2012 at 1:07 PM
  • lindsay-lohan

    Bankruptcy, Biglaw, California, Celebrities, Defamation, Dewey & LeBoeuf, Law Schools, Lindsay Lohan, Michael Jackson, Money, Morning Docket, Partner Issues, Pro Bono, Rap, Small Law Firms, Unemployment

    Morning Docket: 08.16.12

    * Dewey have some false expectations of success for this partner settlement agreement? Only one in four affected partners have signed on the dotted line, but advisers think the plan will win bankruptcy court approval. [Am Law Daily]

    * “There comes a point where the prospects of substantially increasing your income just outweigh everything else.” Even on his $168K salary, this appellate judge wasn’t rich in New York City, so he quit his job. [New York Law Journal]

    * The middle class needs lawyers, and unemployed law school graduates need jobs. The solution for both problems seems pretty obvious, but starting a firm still costs money, no matter how “prudent” you are. [National Law Journal]

    * “This is a time when law schools are trying to look carefully at their expenses and not add to them.” New York’s new pro bono initiative may come at a cost for law schools, too. [Thomson Reuters News & Insight]

    * Much to Great Britain’s dismay, Ecuador has announced that it will grant political asylum to Julian Assange of Wikileaks fame. Sucks for Ecuador, because Assange is known to not flush the toilet. [New York Times]

    * A smooth criminal gets a break: Michael Jackson’s father dropped a wrongful death suit against Dr. Conrad Murray. It probably would’ve been helpful if his attorneys could actually practice in California. [Washington Post]

    * Did Lindsay Lohan’s lawyers plagiarize documents from internet websites in their defamation filings against Pitbull? You can deny it all you want, but his lawyer is out for blood and sanctions. [New York Daily News]

    10 Comments / / Aug 16, 2012 at 9:12 AM
  • Dewey LeBoeuf new sign

    9th Circuit, Bankruptcy, Biglaw, Career Alternatives, Copyright, Goldman Sachs, Job Searches, Law Professors, Law School Deans, Law Schools, Manatt, Phelps & Phillips, Money, Morning Docket, Partner Issues, Prostitution

    Morning Docket: 08.15.12

    * What do Tiger Woods’s sexts, Anthony Weiner’s wiener, and the newsworthiness exception to copyright infringement have in common? They’re all in this colorful Ninth Circuit dissent. [National Law Journal]

    * Dewey have any idea when this “clawback” deadline will stop being extended? Partners have again been granted another extension to sign on the dotted line, but this time for only 48 hours. [WSJ Law Blog]

    * If your reason for resigning from your position as a congressman has to do with “increasing parenting challenges,” becoming the managing director of Biglaw practice group likely isn’t a wise choice. [POLITICO]

    * A shareholder suit filed against Goldman Sachs over mortgage-backed securities and early TARP repayment was dismissed. I didn’t watch the Daily Show last night, but I’m sure Jon Stewart had a great joke. [Reuters]

    * Musical deans? Hot on the heels of Jeremy Paul’s announcement that he was leaving for Northeastern, Professor Willajeanne McLean has been appointed as interim dean at UConn Law. [Connecticut Law Tribune]

    * Law school didn’t build that: as it turns out, a juris doctor isn’t as versatile a degree as it’s made out to be. Just because you managed to get a good non-law job, it doesn’t mean a J.D. helped you. [Am Law Daily]

    * Jaynie Mae Baker, the Millionaire Madam’s sidekick, has struck a plea deal with the DA. She won’t be going to jail for her adventures in high-class hooking, and might walk away without a criminal record. [New York Post]

    3 Comments / / Aug 15, 2012 at 9:07 AM
  • student-loan-debt

    Bankruptcy, Federal Judges, Judicial Divas, Law Schools, Money, Student Loans

    Bankruptcy Still Can’t Save You From Law School Debt, But That Doesn’t Mean Judges Have to Like It

    A federal judge calls for systemic change in the law school student loan system…

    28 Comments / / Aug 13, 2012 at 1:52 PM
  • Graduate-Holding-Empty-Piggy-Bank

    Bankruptcy, Clerkships, Crime, Drugs, Election 2012, Federal Judges, Guns / Firearms, Job Searches, Law Schools, Layoffs, Money, Morning Docket, Politics, Pro Se Litigants, Romance and Dating, S.D.N.Y., Sam Sparks, State Judges, Student Loans, Texas, Unemployment

    Morning Docket: 08.13.12

    * In case you’ve been sleeping under a rock, Mitt Romney picked Rep. Paul Ryan as his Vice Presidential running mate. Putting politics aside, this is a great pick, if only because Ryan is so handsome. Seriously, he’s a total stud. [Wall Street Journal]

    * “How can I be the one guy with a good degree who is going to be chronically unemployed?” Sadly, many lawyers are still looking for jobs after (multiple) layoffs, but thanks to a lack of positions, employment is just “not in the cards” for them. [New York Times]

    * Deadliest clerkship? The Washington, D.C. judge who presided over one of the most violent mass shooting cases in the nation’s capital was reportedly held up at gunpoint last week, with her law clerk in tow. [Fox DC]

    * Something is rotten in the state of Denmark Texas. Judge Sam Sparks “know[s] the smell of bad fish,” and now wants to know why the USADA waited so long to bring charges against Lance Armstrong. [Bloomberg]

    * After reversing a bankruptcy court’s decision that loan repayment would be an “undue hardship” for a law-school debtor, a judge took the time to rip law schools a new one over escalating tuition. [Oregonian]

    * Match.com class-action plaintiffs found no love in court after a federal judge ruled that the dating website hadn’t breached its user agreement. Much like their love lives, their claims aren’t getting any action. [Reuters]

    * A man who is his own lawyer has a fool for a client: 23% of all cases filed in the federal court for the S.D.N.Y. are brought by pro-se litigants, and the vast majority of them seem to have lost their minds. [New York Post]

    5 Comments / / Aug 13, 2012 at 9:06 AM