Bankruptcy

  • 220px-NYSCourtofAppeals1

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Election Law, FTC, Legal Ethics, Morning Docket, Sexual Harassment, White-Collar Crime

    Morning Docket: 07.02.14

    * The New York Court of Appeals put the hurt on defunct firms seeking unfinished business fees from former partners who left for greener pastures. Sorry, I didn’t follow ATL protocol: “Dewey think firms should collect unfinished business fees?” [Wall Street Journal Law Blog]

    * We reported on the Tinder lawsuit yesterday. Here’s a collection of all the messed up texts involved. [Valleywag]

    * Facebook’s lawyer is now calling the emotional manipulation study it recently conducted “customer service.” Dear Internet: Despite all your rage, you’re still just rats in a cage. [The Atlantic]

    * So if you’re studying for the MPRE, blow jobs aren’t the preferred legal fee. [Legal Profession Blog]

    * How did your last cell phone bill look? Because the FTC says T-Mobile knowingly added hundreds of millions of charges on. At least that girl in pink was cute, huh? [USA Today]

    * BNP Paribas is confident it can pay its record fine. [Dealbook / New York Times]

    * Meanwhile, Putin accused the U.S. of trying to use the BNP fine to blackmail France into turning its back on Russia. Because conspiracy theories are awesome. [Bloomberg]

    * Lawsuit filed because right-wingers totally miffed that black people voted for a Republican. [Sun Herald (Mississippi)]

    / Jul 2, 2014 at 9:06 AM
  • angry lawyer-RF

    Bankruptcy, Biglaw, Intellectual Property, Trademarks

    Biglaw Firm Throws Even Bigger Hissy Fit

    Biglaw firm is just now learning about the Streisand Effect — sometimes it pays to keep your mouth shut.

    16 Comments / / Jun 20, 2014 at 2:49 PM
  • Plunging into Bankruptcy - Financial Speedometer

    Cars

    Bankruptcy Continues To Help GM

    Like a GM automobile, claims against the company arising from its faulty ignition switches might unexpectedly stop working. While GM is talking a big game about compensating those who suffered damages due to the company’s defective cars, GM’s definition of “damages” is cleverly designed to save the company billions. As you might remember, GM filed […]

    14 Comments / / Jun 16, 2014 at 4:05 PM
  • Police crime scene

    American Bar Association / ABA, Anthony Kennedy, Bankruptcy, Biglaw, Dewey & LeBoeuf, Jury Duty, Law Schools, Layoffs, Morning Docket, Murder, Real Estate, SCOTUS, Supreme Court

    Morning Docket: 06.13.14

    * The SCOTUS decision in the Pom Wonderful case could have serious repercussions in terms of deceptive labeling litigation under the Lanham Act. Even Justice Kennedy was misled! [Huffington Post]

    * Dewey know when to WARN people? This failed firm apparently didn’t, and now it has to pay a $4.5 million class-action settlement to the employees it laid off without adequate notice. [WSJ Law Blog]

    * After getting bumped out of the Am Law 100 after a 17-year run, Shook Hardy & Bacon is letting go of three floors of office space it “no longer needs.” Secretaries Paper takes up a lot of room! [Am Law Daily]

    * Minutes after this career criminal was released from jail due to his accidental acquittal, he was stabbed to death with a steak knife. But for the jury’s crazy mistake, he would still be alive. Yikes. [Fresno Bee]

    * LMU’s Duncan Law, perhaps better known as the little law school that couldn’t, is still trying to get ABA accreditation. At least this time they’ll be able to use law schools’ national decline as a scapegoat. [WBIR]

    1 Comment / / Jun 13, 2014 at 9:08 AM
  • The LSAT's fate come August?

    Bankruptcy, Biglaw, Divorce Train Wrecks, Heller Ehrman, Law Schools, Money, Morning Docket, Partner Issues, Partner Profits

    Morning Docket: 06.12.14

    * In defense of its PPP metric, the editor-in-chief of the American Lawyer revealed a shocking statistic about Dentons: the firm’s PPP was likely down about 20 percent year over year. [Am Law Daily]

    * A judge dismissed many of defunct firm Heller Erhman’s remaining unfinished business claims in the case against its former partners. Dewey know some partners who are thrilled? [WSJ Law Blog]

    * From 2012 to 2013, NLJ 350 firms saw the rise of “other” attorneys — staff attorneys, of counsel, and lawyers who were neither associates nor partners. We’re living in lean times. [National Law Journal]

    * “No one predicted there would be this kind of huge drop in applications.” Apparently law school deans thought prospective students would be thrilled about their lack of job prospects. [Hartford Business Journal]

    * Shelly Sterling has asked a judge to rule that she can sell the Los Angeles Clippers over her husband Donald Sterling’s protests. We’re very eagerly awaiting their impending divorce train wreck. [Bloomberg]

    3 Comments / / Jun 12, 2014 at 9:22 AM
  • pretty pot

    Bankruptcy, Biglaw, California, Constitutional Law, Contract Attorneys, Dewey & LeBoeuf, Document Review, Drugs, Education / Schools, Marijuana, Morning Docket, Partner Issues

    Morning Docket: 06.11.14

    * This failed firm’s drama is the Biglaw gift that keeps on giving: Dewey & LeBoeuf’s bankruptcy trustee filed an amended complaint against Steve DiCarmine and Joel Sanders seeking the return of more than $21.8 million. [WSJ Law Blog]

    * Norton Rose Fulbright elected someone who “love, love, love[s] the law firm” as U.S. managing partner, and she’s the first woman to ever serve as U.S. chair of its management committee. We love, love, love this news! [National Law Journal]

    * According to a California judge, tenure laws are unconstitutional and are depriving students of the high quality of education they deserve. The end is nigh, law professors. Enjoy it while it lasts. [New York Times]

    * Not all states have legalized the recreational use of marijuana, but it’d be a lot cooler if they did. The tide is turning across the United States, and we’ll soon see which states’ drug laws go up in smoke. [Slate]

    * “Document review attorneys are in demand now but the demand will gradually decrease.” Sorry to be the bearer of bad news, but the one job you were able to get soon won’t need or want you. [InsideCounsel]

    9 Comments / / Jun 11, 2014 at 9:11 AM
  • Would you wear these to court?

    Bankruptcy, Fashion, Federal Judges, Jury Duty, Law Schools, Minority Issues, Morning Docket, Sports, Video games

    Morning Docket: 06.10.14

    * Hmm, somebody didn’t review those documents quickly enough: the City of Detroit’s bankruptcy trial has been delayed for about a month’s time by Judge Steven Rhodes because the parties needed additional time to get their acts together. [Bloomberg]

    * The NCAA may have lost the battle in the Keller EA Sports video games case with its $20 million settlement offer, but it’s clearly out for blood to win the war in the O’Bannon case with its tough cross-examination tactics for the lead plaintiff. [USA Today]

    * GW Law, a school that recently increased its class size by 22 percent and allowed its average LSAT score to slip by two points, yoinked its new dean right out from under Wake Forest’s nose. [GW Hatchet]

    * The legal profession isn’t exactly diverse, and law schools want to change that — the more pictures of “diverse” students they can display on their websites, the better. [Law Admissions Lowdown / U.S. News]

    * Who really cares what prospective jurors wear when they show up for jury duty? The lawyers arguing that being turned away for wearing sneakers affected their clients’ rights in a case, that’s who. [WSJ Law Blog]

    0 Comments / / Jun 10, 2014 at 9:11 AM
  • Fighting over the Lawyerly Lair.

    Bankruptcy, Biglaw, Divorce Train Wrecks, Family Law, Money, Partner Issues, Partner Profits

    A Messy Divorce Offers An Inside Look At Biglaw Partner Pay

    Divorce litigation reveals the partner pay structure at one leading law firm.

    12 Comments / / May 30, 2014 at 10:53 AM
  • Mindy Kaling

    Bankruptcy, Biglaw, Celebrities, Commencement, Federal Judges, Law Schools, Morning Docket, Partner Issues

    Morning Docket: 05.29.14

    * Barnes & Thornburg’s managing partner is planning to step down after almost two decades in the firm’s top leadership role. His tenure ends on a high note: 2013′s gross revenue was up by 12% and PPP was up by 8.2%. [Am Law Daily]

    * “To terminate Jones Day at that point is an incredibly bad idea. I hope the mayor hears me.” Judge Steven Rhodes politely called Detroit’s mayor a moron after the city official declared he’d fire Jones Day in September. [Detroit Free Press]

    * “When you’re giving anything to a judge, you try to be careful about it.” In 2012, law schools paid federal judges almost $2M to teach and lecture. A useful way to spend tuition dollars? [National Law Journal]

    * San Diego Law School, a branch of San Francisco Law School, is open for business. It’s being marketed as a “fresh start” — if you failed out at another law school, come join the party here! [Daily Transcript]

    * If you weren’t aware, Mindy Kaling gave a commencement speech at Harvard Law this week. She praised the graduates’ dedication to tedium, and kindly reminded some that they were evil. [Boston.com]

    4 Comments / / May 29, 2014 at 9:04 AM
  • buff jill

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Federal Judges, Football, Labor / Employment, Morning Docket, Native Americans, Partner Issues

    Morning Docket: 05.16.14

    * Congrats to Diane Humetewa, the first Native American woman to serve as a federal judge in United States history. You’d think this achievement would’ve already been reached. [Arizona Daily Star]

    * When your case is compared to a law school exam, and the judge uses the number “bazillion” to describe the problems that could happen, it sucks to be you, Detroit. [DealBook / New York Times]

    * Dewey know when this failed firm actually went belly up? It’s liquidating trustee says D&L was insolvent in 2009, and wants $22.5 million from ex-international partners in his latest clawback suits. [Am Law Daily]

    * The managing partner of Seyfarth Shaw refers to his firm as the “Costco of corporate legal services” because it’s a place where you can “get more for less.” What’s the membership fee? [Chicago Tribune]

    * The Buffalo Bills filed a motion to dismiss the wage and hour suit put forth by the disgruntled members of its cheerleading squad, the Buffalo Jills. You better hope that motion survives the “jiggle test.” [CBS Sports]

    0 Comments / / May 16, 2014 at 9:08 AM
  • Oscar Pistorius

    Bankruptcy, Biglaw, Document Review, LSAT, Lunacy, Money, Morning Docket, State Judges

    Morning Docket: 05.13.14

    * Lawyers for Jones Day got a light spanking in court after sending out some of Detroit’s confidential negotiation documents to its creditors. Quick, blame the doc reviewers. Oh wait, you already did. Nice work. [WSJ Law Blog]

    * Cynthia Brim, the judge declared “legally insane” who collected a $182K salary for months without working, was booted from the Illinois bench. She’s the first member of the state judiciary to be removed in a decade. [Chicago Tribune]

    * Massachusetts is instituting a $30,000 pay hike for state judges which will prime the pump for pension bumps and retirements. For the love of God, think of the poor ADAs next time, Massholes. [Boston Globe]

    * The power of diagramming compels you! If you’re studying for the LSAT, here are tricks you can use when trying to exorcise the demons from the logic games section. [Law Admissions Lowdown / U.S. News]

    * Prosecutors want Oscar Pistorius to undergo a psychiatric evaluation in order to urge the court to consider an insanity defense, even though Bladerunner’s legal team doesn’t intend to mount one. [CNN]

    5 Comments / / May 13, 2014 at 9:09 AM
  • A Supreme cat fight?

    Bankruptcy, Biglaw, Education / Schools, Howrey LLP, Law Professors, Law Schools, Morning Docket

    Morning Docket: 05.08.14

    * Footnote fight! Justice Sonia Sotomayor has been clashing with quite a few of her fellow Supreme Court jurists lately, aside from Chief Justice John Roberts. She recently inspired the wrath of Justice RBG herself. [New York Times]

    * After months of being poked and prodded for cash, 60 former Howrey equity partners have reached clawback deals with bankruptcy trustee Allan Diamond, and it looks like a few of them agreed to pay pretty hefty sums. [Am Law Daily]

    * Here’s a headline we could’ve told you was coming: “The US lawyer bubble has conclusively popped.” It’s not a terribly good decision to attend now, but if you do, people who can’t pay you need your help. [Quartz]

    * Cutting law school tuition may be a good idea to attract more students, but in the long run, it could hurt the schools, says Moody’s. Aww, let us shed some tears for those poor law schools. [WSJ Law Blog]

    * Crim Law prof not guilty of… crime. Stephen Smith of Notre Dame Law was acquitted on a misdemeanor invasion of privacy charge, and the felony battery charge he faced was dismissed. [South Bend Tribune]

    * The University of Arizona will be the first school in the U.S. to offer a bachelor’s degree in law. The degree is being marketed to people who eventually want to have lots of law-related debt. [National Law Journal]

    2 Comments / / May 8, 2014 at 9:10 AM
  • U.S. Attorney Preet Bharara

    1st Circuit, American Bar Association / ABA, Asians, Bankruptcy, Biglaw, California, Judicial Nominations, Jury Duty, Law Professors, Malpractice, Morning Docket, Politics, S.D.N.Y., Technology, Trials

    Morning Docket: 05.06.14

    * U.S. Attorney Preet Bharara wants to know more about why Governor Andrew Cuomo shut down an anticorruption commission. [New York Times]

    * The ABA weighs in on the “unfinished business” controversy affecting bankrupt law firms, their lawyers, and their clients. [WSJ Law Blog]

    * Better late than never: students and professors at UC Davis Law are pushing for the posthumous admission to the California bar of Hong Yeng Chang, who was denied a law license in 1890 solely because of his Chinese heritage. [Associated Press; South China Morning Post]

    * Speaking of late, a robber sent to prison 13 years late because of a clerical error just got released. [ABA Journal]

    * Drones could claim another victim: the First Circuit nomination of Harvard law professor David Barron. [How Appealing]

    * Who still wants a landline phone? The jury foreman in the latest Apple-Samsung battle, who is sick and tired of cellphones after the month-long trial. [The Recorder (sub. req.)]

    * Not such a Great Adventure: “Cadwalader To Pay $17M In Six Flags Malpractice Fight.” [Law360 (sub. req.)]

    1 Comment / / May 6, 2014 at 9:22 AM
  • buff jill

    Associate Salaries, Bankruptcy, Boutique Law Firms, Duval & Stachenfeld, Football, Law School Deans, Law Schools, Midsize Firms / Regional Firms, Money, Morning Docket, Murder, Real Estate, Sexual Harassment

    Morning Docket: 04.24.14

    * The $160K-Plus Club welcomes its newest member: Duval & Stachenfeld, a real estate firm in NY, is more than doubling its starting salary for associates to $175K. Look for them recruiting at your “tier one” school soon. [New York Law Journal]

    * In this economy, bankruptcy firms are being hit hard: Stutman Treister & Glatt, a top L.A. firm that once assisted businesses like Lehman Brothers and Enron Corp. in their Chapter 11 proceedings, is closing up shop. [WSJ Law Blog (sub. req.)]

    * It ain’t easy being dean at the law school with the best Biglaw prospects — oh wait, yes it is. Congrats to Gillian Lester, who will serve as Columbia Law’s fifteenth dean come January 2015. [Columbia News]

    * “Do I think he thought he was gonna beat it? Yeah.” The district attorney who brought charges against Stephen McDaniel thinks the law school killer was too big for his chainmail britches. [Macon Telegraph]

    * From catcalling to “jiggle tests,” NFL cheerleaders have to put up with a lot of really ridiculous stuff. Not being paid the minimum wage is one thing, but having to put up with being groped is quite another. [TIME]

    0 Comments / / Apr 24, 2014 at 9:10 AM
  • patton boggs logo

    Airplanes / Aviation, Bankruptcy, Biglaw, Dewey & LeBoeuf, Morning Docket, Partner Issues, Patton Boggs

    Morning Docket: 04.01.14

    * Maybe things are getting better. Per the latest Law Watch Managing Partner Confidence Index, Biglaw partners have shown an uptick in confidence in the first quarter of 2014. [Am Law Daily]

    * Thanks to this ruling, Chevron can sue Patton Boggs over claims it engaged in fraud during the Ecuador case. Don’t worry, we’re sure the merger with Squire Sanders will be just fine. [Reuters]

    * Dewey know how much the latest clawback suit seeks from this failed firm’s ex-COO? About $9.3 million, for his “astronomically generous” employment contract. [WSJ Law Blog (sub. req.)]

    * No more “unfounded” filings for this unfound plane: A firm’s attempts to get documents from Malaysian Air to file a possible lawsuit have been thwarted by a judge, with the possibility of sanctions. [Bloomberg]

    * When your “concerned uncle” is writing to a pre-law adviser about your future when you haven’t even gone to college yet, you know you’re probably destined to be a gunner. [Law Admissions Lowdown / U.S. News]

    3 Comments / / Apr 1, 2014 at 9:05 AM
  • mekka-don

    Bankruptcy, Biglaw, Crime, Job Searches, Kasowitz Benson, Law Professors, Law Schools, Morning Docket, Partner Issues, Partner Profits, Rap, Wall Street

    Morning Docket: 03.27.14

    * The federal judiciary is hiring for staff and public defender positions lost during the government’s sequestration throughout the better part of last year. Ready, aim, fire those résumés! [Legal Times]

    * New York Biglaw firms always manage to find their way to the top of the Am Law 100 rankings. When all’s said and done, being so close to Wall Street definitely has its perks. [Bloomberg Businessweek]

    * Absolutely no one should be alarmed about the fact that Kasowitz Benson’s profits per partner have dropped by 15 percent — well, no one but the equity partners, that is. Have fun with that. [Am Law Daily]

    * The managing partner of Jacoby & Meyers is worried people will think his personal injury firm is going under, not Jacoby & Meyers Bankruptcy. Either way, those commercials won’t die. [New York Law Journal]

    * A professor at George Mason University Law was pepper sprayed IN THE FAAAAAACE by an unknown assailant in his classroom yesterday afternoon. We’ll obvious have more on this story later. [ARLNow]

    * La Verne is the first law school to offer flat-rate tuition. There will be no scholarships and no discounts. Students will pay $25K/year, nothing more, nothing less. This is, dare we say, wise. [National Law Journal]

    * “Passion over pension.” Mekka Don, the Weil Gotshal corporate lit attorney turned rapper, just released his first CD, and it’s all about leaving Biglaw to follow his dreams. Go buy it here (affiliate link). [MTV]

    5 Comments / / Mar 27, 2014 at 9:03 AM
  • Kevin Trudeau

    Bankruptcy, Food, Habeas Corpus, Labor / Employment, Non-Sequiturs, Partner Issues, Patents, Romance and Dating, Sentencing Law

    Non-Sequiturs: 03.18.14

    * “How many years would you put a TV pitchman in jail? 3 years? 5 years? Don’t answer yet…” [Sentencing Law and Policy]

    * So there’s a sex tape of Chris Christie. Except it isn’t him. They should have known Christie could never be a porn star. You can’t get far in the porn biz by saying, “This lane is closed.” [Gawker]

    * Dolt Duped By Date Sues OKCupid. [NY Post]

    * Patents are a terrible measure of innovation. Hold on, I defy you to besmirch the Anti-Drowning Hat. [Concurring Opinions]

    * Wage theft in fast food shouldn’t come as a surprise, but the role played by the franchise model in creating labor law violations is intriguing. [Lawyers, Guns & Money]

    * A gathering of business development tips, including shout outs to Anonymous Partner and Mark Herrmann. [Corporette]

    * What better qualification to challenge for the Vegas DA’s job than to be prosecuted by that office days before the election? [Las Vegas Law Blog]

    * A Baltimore lawyer aggressively used the habeas process to release mentally ill girls to serve as personal slaves to the wealthy. [Slate]

    * Weil’s Business Finance & Restructuring team is putting together a March Madness bracket based on quotes from bankruptcy decisions. Let the excitement wash over you. Having not seen the bracket yet, I’m reserving judgment on what an awesome array of bankruptcy quotes would look like. [Bankruptcy Blog]

    * Kevin O’Keefe, who presented on my panel at our Attorney@Blog conference, left all of us touched with his tribute to Above the Law. [Real Lawyers Have Blogs]

    1 Comment / / Mar 18, 2014 at 5:17 PM
  • Albert Togut Al Togut RF

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