Bankruptcy

  • business man getting grabbed by a hand on computer

    Bankruptcy, Legal Ethics

    Name-Calling Lawyer Spat Ends Up In Public Filing

    Passive-agressive lawyer and active-aggressive lawyer trade email barbs that get included in a public exhibit.

    33 Comments / / Nov 12, 2013 at 2:49 PM
  • Brains Billable hours...

    Airplanes / Aviation, Antitrust, Bankruptcy, Biglaw, Breasts, D.C. Circuit, Deaths, Department of Justice, Dewey & LeBoeuf, Drugs, Mergers and Acquisitions, Money, Morning Docket, Police, Politics, Social Media, Twittering

    Morning Docket: 10.31.13

    * Let’s get ready to rumble! Senate Democrats are threatening to go “nuclear” on existing filibuster rules if Senate Republicans decide to band together to block Patricia Millett’s nomination to the D.C. Circuit. [New York Times]

    * AMR Corp. and US Airways are reportedly trying to broker a deal with the Department of Justice that would allow the airlines’ merger to go through. And this is the room full of people who care. [Wall Street Journal (sub. req.)]

    * Proskauer Rose and the zombie corpse of Dewey & LeBoeuf received a Halloween treat from Judge Martin Glenn in the MF Global case. The firms will each be receiving a combined $9 million for their work. [Am Law Daily]

    * Twitter is facing a $125 million fraud suit filed by two financial firms claiming that the social media giant had them organize a private sale of shares and then canceled it. #OhShiat #LawyerUp [Businessweek]

    * Jill Bjorkholm Easter, the lawyer accused of planting drugs on a PTA volunteer at her son’s school, has pleaded guilty to false imprisonment. Her hubby’s trial is next week. [L.A. Now / Los Angeles Times]

    * She’s got the right to remain topless: Holly Van Voast, the photographer famous for roaming the streets of New York with breasts bared, settled a lawsuit against the city for $40,000. [New York Daily News]

    * “Ed,” the anonymous editor of the defunct Blawg Review site, RIP. [Trial Warrior Blog; Simple Justice]

    4 Comments / / Oct 31, 2013 at 9:11 AM
  • Lady Gaga

    Bankruptcy, Biglaw, Celebrities, Gay, Gay Marriage, General Counsel, Howrey LLP, Labor / Employment, Law Schools, LLMs, Morning Docket, Technology

    Morning Docket: 10.23.13

    * Shine bright like A. Diamond: Howrey’s bankruptcy trustee has secured yet another multimillion dollar settlement for the defunct firm from places like Covington, Kirkland, and Shearman. [Am Law Daily]

    * If for some reason you’re still shocked that GCs are breaking up with their Biglaw boyfriends, here’s some additional info on why corporate clients are moving from Biglaw to “big enough” law. [Corporate Counsel]

    * Man, this LL.M. program seems like the best of both worlds for foreign students. They can learn U.S. law without ever being with stepping on U.S. soil. Thanks USC Law! [National Law Journal]

    * Three more states could legalize gay marriage by the end of the year, making the marriage equality movement 17 states strong, plus D.C. Here’s to an extra fabulous new year. [GovBeat / Washington Post]

    * Yaaasss Gaga, oh my God, yaaasss! Lady Gaga settled a suit filed by her ex-assistant for an undisclosed amount, and we bet the number was so high it elicited many an F-bomb. [New York Post]

    0 Comments / / Oct 23, 2013 at 9:08 AM
  • Dewey LeBoeuf new sign

    Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, Email Scandals, LeBoeuf Lamb, Money, Partner Issues, Partner Profits, Rudeness

    Dewey Have A Postmortem For You: The New Yorker Dissects Dewey’s Death

    Which former Dewey & LeBoeuf partner referred to various former partners as “pathetic,” “little prick,” and “f**kwad”?

    12 Comments / / Oct 7, 2013 at 5:40 PM
  • NCAA Football 14 USE

    2nd Circuit, Bankruptcy, Bernie Madoff, Biglaw, Crime, D.C. Circuit, Dewey & LeBoeuf, Federal Judges, Football, Morning Docket, Partner Issues, Real Estate, Sandra Day O'Connor, Sports, Ted Olson, Television, Trials, Video games

    Morning Docket: 09.27.13

    * Sri Srinivasan was sworn in as a member of the D.C. Circuit by Justice Sandra Day O’Connor, who called him “fair, faultless and fabulous.” The man must have great shoes. [Washington Post]

    * Things aren’t going very well for Steven Donziger in the Chevron / Ecuador case now, but then again, they never are. The Second Circuit denied his bid to oust the judge on the case. [Bloomberg]

    * Dewey know how much this failed firm’s ex-landlord wants from 450 of its former partners? Somewhere in the ballpark of $1.6 million to $45.45 million, so it could be painful. [Am Law Daily]

    * Kilpatrick Townsend & Stockton has already named a new chairman. Congrats to J. Henry Walker IV, a man whose name alone makes it sound like he should probably leading something. [Daily Report]

    * Time is running out for prosecutors to bring charges against those connected to Bernie Madoff’s Ponzi scheme, but it looks like his niece, a Fordham Law grad, is in their sights. [DealBook / New York Times]

    * The series finale of Breaking Bad airs on Sunday, and you must be very sad, so here are five compliance lessons to take away from the show. First and foremost, don’t ever hire a Pinkman. [Corporate Counsel]

    * E.A. Sports and the Collegiate Licensing Company settled the suit filed against them by college athletes, leaving the NCAA to whine, moan, and “take this all the way to the Supreme Court.” [Birmingham News]

    * George Zimmerman’s wife says her husband “went on a victory tour” without her, and has no idea where he is. Clue: maybe he was advising Cybill Shepherd for her role on Law & Order next week. [Miami Herald]

    2 Comments / / Sep 27, 2013 at 9:16 AM
  • alcohol and sorrow RF

    Bankruptcy, Caption Contests, Contests, Divorce Train Wrecks, Drinking, Lawyer Advertising, Paralegals, Pictures

    Caption Contest Winner: The Anatomy Of A Drinking Problem

    You’ll never guess what kind of drama we discovered when trying to find out who owned the law offices pictured here.

    2 Comments / / Sep 23, 2013 at 3:14 PM
  • alcohol and sorrow RF

    Bankruptcy, Caption Contests, Contests, Divorce Train Wrecks, Drinking, Lawyer Advertising, Pictures, Reader Polls

    Caption Contest Finalists: The Anatomy Of A Drinking Problem

    Two of these legal problems will drive you to drink, so good thing the liquor store is just steps away.

    8 Comments / / Sep 19, 2013 at 11:14 AM
  • Howdy, Aggie Law!

    2nd Circuit, Bankruptcy, Biglaw, Department of Justice, Dewey & LeBoeuf, Lateral Moves, Law Professors, Morning Docket, Partner Issues, Police, Shira Scheindlin, Texas

    Morning Docket: 09.18.13

    * As previously discussed, Morgan Lewis partner Leslie Caldwell hopes to take over where Lanny Breuer left off at the DOJ Criminal Division. Her nomination was formally announced this afternoon. [Blog of Legal Times]

    * Judge Scheindlin doesn’t want to end stop-and-frisk in New York City, she wants to end racial profiling, so you can’t have a stay pending your appeal to the Second Circuit, Mayor Bloomberg. [New York Law Journal (sub. req.)]

    * Dewey know which companies were the latest to be sued by the failed firm’s liquidation trustee to recover funds paid out in the days before it went under? Yes, and Dial Car is really pissed off. [Am Law Daily (sub. req.)]

    * Let’s face the facts: no one’s goal as an attorney in Biglaw is to make it drizzle. Because “law firms don’t know when to fold when trying to hire lateral partners,” they sometimes wind up with the opposite of what they want amid their ranks. [The Lawyer]

    * Texas Wesleyan Law has been Texas A&M Law for only a few weeks, but new traditions are already being made for Aggie lawyers. Now when students enter a classroom, the professors say “howdy.” [KBTX]

    0 Comments / / Sep 18, 2013 at 9:06 AM
  • alcohol and sorrow RF

    Bankruptcy, Caption Contests, Contests, Divorce Train Wrecks, Drinking, Lawyer Advertising, Pictures

    Caption Contest: The Anatomy Of A Drinking Problem

    If your life is in shambles, this is a place where you can drink away all of your legal problems.

    94 Comments / / Sep 17, 2013 at 5:29 PM
  • Law and Order

    Antonin Scalia, Bankruptcy, Biglaw, Dewey & LeBoeuf, Jury Duty, Law Professors, Law School Deans, Law Schools, Morning Docket, Musical Chairs, New Jersey, Ruth Bader Ginsburg, SCOTUS, State Judges, Supreme Court, Television, Women's Issues

    Morning Docket: 09.09.13

    * Once again, Justice Ginsburg offers us some perspective on behind the scenes action at the Supreme Court. We bet you didn’t know that “Get over it” is one of Justice Scalia’s favorite expressions. [Politico]

    * The chief justice of Delaware’s Supreme Court turned in his resignation papers on Friday, and rumor has it that the legendary Leo Strine will try to replace him. Best of luck, Chancellor! [Reuters]

    * “I wasn’t looking for a job.” Paul Aguggia, the chairman of Kilpatrick Townsend & Stockton, will step down to cash in as the CEO of a New Jersey bank where he served as outside counsel. [American Banker]

    * This is what it’s like when bankruptcies collide: AMR Corp. is now disputing Dewey’s billables, including 1,646 hours of contractually prohibited work completed by first-year associates. [Am Law Daily (sub. req.)]

    * Bank of America is bleeding money in settlement payments. A $39 million payout in a Merrill Lynch gender bias case brings the total to about $200 million in under two weeks. [DealBook / New York Times]

    * GW Law starts its dean search next month, and whoever takes the position needs to be good at raising funds, because the school has struggled in that department ever since Dean Berman left. [GW Hatchet]

    * An Ivy League law professor tells us the third year of law school is a “crucial resource” to ensure lawyers are well-trained, so classes like “Understanding Obama” must be social imperatives. [Washington Post]

    * It seems to me that the only jurors who might be influenced by the depiction of the legal system on Law & Order are the ones who were too dim to figure out how to get out of jury duty. [WSJ Law Blog (sub. req.)]

    5 Comments / / Sep 9, 2013 at 9:10 AM
  • Shon Hopwood

    Bankruptcy, Biglaw, Clerkships, D.C. Circuit, Divorce Train Wrecks, Federal Judges, Howrey LLP, Law Schools, Morning Docket, Sentencing Law, Technology

    Morning Docket: 09.06.13

    * Thanks to the Electronic Frontier Foundation, the Department of Justice will be declassifying some secret opinions from the FISA Court. We wonder who’ll be hosting the giant redaction party. [Associated Press]

    * Morgan Lewis paid out a $1.15 million settlement over unfinished business claims to this defunct firm. Great work, Mr. Diamond, but Howrey going to get the rest to do the same? [Am Law Daily (sub. req.)]

    * “[Shon] Hopwood proves that my sentencing instincts suck.” Now that this former bank robber has a clerkship with the D.C. Circuit, the judge who sentenced him is having second thoughts. [The Two-Way / NPR]

    * Laptops are useful tools for students in law school classrooms, but they’re also great for checking Above the Law and buying shoes while professors are droning on and on. Apparently we needed a study to confirm this. [National Law Journal (sub. req.)]

    * George Zimmerman’s wife filed for divorce, citing “disappointment” as one of her reasons for ending the marriage. Don’t worry, Shellie, half of the nation was disappointed with the verdict too. [Washington Post]

    3 Comments / / Sep 6, 2013 at 9:09 AM
  • syria

    3rd Circuit, Anthony Kennedy, Bankruptcy, Barack Obama, Biglaw, Cozen O'Connor, Deaths, Fashion, Fashion Is Fun, Gay, Gay Marriage, General Counsel, International Law, Law School Deans, Law Schools, Magic Circle, Military / Military Law, Morning Docket, Ruth Bader Ginsburg, SCOTUS, Social Media, Social Networking Websites, Supreme Court, Technology, Twittering, United Kingdom / Great Britain, Weddings

    Morning Docket: 09.03.13

    * We bet you never thought you’d be spending Labor Day weekend debating with your relatives the legality of a U.S. military strike on Syria and the intricacies of international law. Gee, thanks President Obama. [CNN]

    * Over the long holiday weekend, Justice Ruth Bader Ginsburg served as officiant at the gay wedding of John Roberts. No, not that John Roberts, but what an incredibly apropos coincidence that was. [Washington Post]

    * Speaking of same-sex marriage, even though “[n]o one told [him] it was an easy job when [he] signed on,” Justice Anthony Kennedy revealed himself to be an ally of the gay rights movement. [New York Times]

    * Two days after filing an appeal with the Third Circuit, the parents of a deceased Cozen O’Connor partner have ended their battle to deny their daughter’s profit-sharing benefits to her wife. [Law360 (sub. req.)]

    * Twitter’s general counsel deactivated his account position with the social media giant, and looks forward to “goofing off.” Congrats to Vijaya Gadde, who will head up the company’s IPO. [Bits / New York Times]

    * Biglaw’s latest scapegoat for the culling of the associate herd is the decline of Chapter 11 filings, otherwise known by industry insiders as the “bankruptcy recession.” [New York Law Journal (sub. req.)]

    * Without any rabbits left to pull out of hats, it’s been predicted that by 2018, the Magic Circle will be no more. This is one disappearing act lawyers obsessed with prestige hope will never happen. [The Lawyer]

    * If you want to learn more about fashion law, check out this interview with Barbara Kolsun, a woman who literally wrote the book on it (affiliate link) while serving as general counsel at Stuart Weitzman. [Corporate Counsel]

    * So what has Kenneth Randall been up to since he left the deanship at Alabama School of Law? He’s working to “train law students for jobs that don’t require a bar license” over at InfiLaw. Awesome. [Tuscaloosa News]

    * Legal commentators like Elie and Lat would be ecstatic if law school were two years long, but because so many others have a “vested interest in the status quo,” change will come at approximately half past never. [CNBC]

    * Ronald H. Coase, influential legend of law and economics and Nobel prize winner, RIP. [Chicago Law]

    3 Comments / / Sep 3, 2013 at 9:11 AM
  • smoking_joint

    Bankruptcy, Biglaw, California, Cozen O'Connor, Craigslist, Disability Law, Drugs, Environment / Environmental Law, Eric Holder, Gay Marriage, Howrey LLP, Kasowitz Benson, Law Schools, LSAT, Marijuana, Morning Docket

    Morning Docket: 08.30.13

    * The Department of Justice won’t be harshing anyone’s mellow in Washington and Colorado just yet, because Eric Holder has more important things to do than to get involved in people’s pot. [CNN]

    * The IRS will now treat all legal gay marriages the same as straight marriages for tax purposes, no matter where the couples live. That’s absolutely fabulous! [Federal Eye / Washington Post]

    * Howrey going to deal with all of Allan Diamond’s unfinished business claims made as trustee on behalf of this failed firm? By claiming as a united front that “[c]lients are not property,” even if we secretly think they are. [Am Law Daily]

    * In this wonderful post-Windsor world, the parents of a deceased Cozen O’Connor attorney are appealing a judge’s ruling as to the dispensation of their daughter’s death benefits to her wife. [Legal Intelligencer]

    * Reduce, re-use, and recycle: environmentally friendly words used to reduce a Biglaw firm’s carbon footprint, not the number of its lawyers. Say hello to the Law Firm Sustainability Network. [Daily Report]

    * Disability rights groups are coming forward to defend California’s LSAT anti-flagging law because the amount of extra testing time you receive should be between you and your doctor. [National Law Journal]

    * If you thought Charleston School of Law was going to be sold to the InfiLaw System, then think again. The law school is up for grabs on Craigslist. Alas, the “[s]tudent body has been used.” [Red Alert Politics]

    If you’re interested in purchasing Charleston School of Law, keep reading to see the ad (click to enlarge)…

    7 Comments / / Aug 30, 2013 at 9:07 AM
  • bankruptcy books

    Bankruptcy, Career Alternatives, Law Professors, Law Schools

    The Dean Of The Bankruptcy Bar Will Exorcise Your Demons

    Would you let this lawyer spiritually heal you?

    2 Comments / / Aug 27, 2013 at 1:40 PM
  • No, RBG, that's not the internet.

    Bankruptcy, Biglaw, Boalt Hall, Deaths, Elena Kagan, Federal Judges, Law School Deans, Law Schools, Money, Morning Docket, S.D.N.Y., SCOTUS, Supreme Court, Technology, Townsend and Townsend and Crew, United Kingdom / Great Britain

    Morning Docket: 08.21.13

    * According to Justice Elena Kagan, the rest of her colleagues are Supreme technophobes. Because “[t]he court hasn’t really ‘gotten to’ email,” they still pass handwritten memos to each other. [Associated Press]

    * “[I]f we don’t get some relief we might as well close our doors.” Thanks to sequestration, budget cuts to the federal judiciary have resulted in layoffs in the Southern District of New York. Sad. [New York Law Journal]

    * Kodak’s Chapter 11 reorganization was approved by Judge Allan Gropper, who called the affair “a tragedy of American economic life.” He must’ve had fond memories of getting other people’s pictures. [Bloomberg]

    * Bankruptcy lawyers for corporate debtors are going to have to crack down on churning their bills. Starting in November, they will be subject to additional rules, and even (gasp!) fee examiners. [WSJ Law Blog]

    * Guardian reporter Glenn Greenwald’s partner, David Miranda (because of course his surname is Miranda), has lawyered up after his unusual nine-hour detainment at Heathrow airport this weekend. [Am Law Daily]

    * So long, Nuts and Boalts: Christopher Edley, dean of Boalt Hall, is taking a medical leave and cutting short his term as the school’s leader at the end of the year. [Bottom Line / San Francisco Chronicle]

    * “We’ll take him.” Indiana Tech Law School opens today, and its founding dean is very excited to add a 33rd student — one who was admitted yesterday — to the school’s inaugural class. [National Law Journal]

    * Eugene Crew, co-founder of the firm once known as Townsend and Townsend and Crew, RIP. [Recorder]

    8 Comments / / Aug 21, 2013 at 9:07 AM
  • condom girl

    American Bar Association / ABA, Bankruptcy, Bar Exams, Biglaw, Constitutional Law, Federal Judges, Gay, Gay Marriage, Howrey LLP, Law Professors, Law School Deans, Law Schools, Money, Morning Docket, Ruth Bader Ginsburg, SCOTUS, Supreme Court

    Morning Docket: 08.19.13

    * Justice Ruth Bader Ginsburg is definitely one of our favorite judicial divas. When asked if she thought the Supreme Court’s work was art or theater, she mused, “It’s both, with a healthy dose of real life mixed in.” [New York Times]

    * According to the Citi Private Bank’s Law Firm Group report on the first half of the year, the legal industry should count itself lucky if it manages to meet last year’s single-digit profit growth. This “new normal” thing sucks. [Am Law Daily]

    * Howrey going to celebrate these “monumental” settlements with Baker & Hostetler and Citibank? The failed firm’s trustee might throw a party when he’s finally able to file a liquidation plan. [Am Law Daily]

    * Uncommon law marriage? A man stuck in an inheritance battle who lived with his late partner since 1995 now asks the District of Columbia to declare him common-law husband. [Wall Street Journal (sub. req.)]

    * The ABA’s Section of Legal Education and Admissions to the Bar proposed a major overhaul to its accreditation standards. Action, of course, likely won’t be taken until next year. [National Law Journal]

    * Despite the fact that these measures could help struggling graduates, law deans are at odds over the ABA’s proposed changes to tenure requirements for professors. [Capital Business / Washington Post]

    * “Sooner or later you’ve got to make a choice, because you need enough revenue to cover what your expenses are.” Cooley will weather the storm by introducing a massive tuition hike. [Lansing State Journal]

    * “How would you feel if you spent well over $100,000 on law school, only to have to spend an extra couple of thousand dollars on a course to get you to pass the bar?” You’d probably feel like everyone else. [CNBC]

    * Requiring porn stars to wear condoms might not be sexy, but a federal judge says it’s constitutional. Don’t worry, unlike its actresses, the adult film industry won’t go down without a fight. [Los Angeles Times]

    10 Comments / / Aug 19, 2013 at 9:06 AM
  • Amanda Bynes

    American Bar Association / ABA, Bankruptcy, Bernie Madoff, Biglaw, Billable Hours, Dewey & LeBoeuf, Federal Government, Gay, Gay Marriage, Law Professors, Law Schools, Lunacy, Money, Morning Docket, Small Law Firms, War on Terror

    Morning Docket: 08.12.13

    * Dewey know which Biglaw firms and ex-partners were sued by the failed firm’s bankruptcy estate? Sadly, they must all be asking, “Howrey going to survive now that Allan Diamond is on the case?” [Am Law Daily]

    * You’d probably love to work as an associate on a 9-5 schedule with billable requirements so low you’d get canned anywhere else. There’s just one catch: You’d have a “proportionately lower salary.” [Daily Report]

    * “Law professors and law deans are paid too much,” so the ABA is reducing tenure requirements for law school accreditation, which will make it easier for them to be laid off. [Wall Street Journal (sub. req.)]

    * The ABA also decided to cut law schools some slack in terms of graduates’ employment data, and it’s likely due to the U.S. News rankings reckoning. Say hello to the 10-months-after graduation jobs statistic. [National Law Journal]

    * Following the Windsor ruling, the Social Security Administration is paying claims for married gay couples living in states where same-sex marriage is recognized. As for the rest, better luck next time. [BuzzFeed]

    * Would-be senator Cory Booker has taken annual payouts from his former firm, Trenk DiPasquale, since he left. You may remember that firm’s name from the C&D letter seen around the world. [New York Post]

    * Author John Grisham was so pissed his books were banned at Guantánamo Bay that he took up the cause of prisoners wrongfully accused, detained for years, and released without apology. [New York Times]

    * Almost as if to add insult to injury, Bernie Madoff was allegedly involved in a love triangle with one of his employees who’s about to go to trial. Apparently having dirty money is a desirable trait in a man. [Reuters]

    * Amanda Bynes is still in the psych ward on a 5150, and her mother was granted a temporary conservatorship over her cray cray kid’s financial affairs. Way to follow in Britney Spears’s footsteps. [CNN]

    14 Comments / / Aug 12, 2013 at 9:05 AM
  • Law school's epitaph?

    9th Circuit, Akin Gump, American Bar Association / ABA, Bankruptcy, Biglaw, Clerkships, Contract Attorneys, D.C. Circuit, Federal Judges, Judicial Nominations, Law Schools, Morning Docket, Munger Tolles & Olson, Senate Judiciary Committee, Supreme Court Clerks, Ted Frank

    Morning Docket: 08.02.13

    * Hiring a Supreme Court clerk might not be worth a $500,000 gamble for some Biglaw firms. Some will take that sweet sign-on bonus and remove their golden handcuffs before a year is out. [Capital Comment / Washingtonian]

    * Akin Gump partner and D.C. Circuit nominee Patricia Millett won approval from the Senate Judiciary Committee by a margin of 10-8 along party lines, and now her nomination will head to the full Senate for a vote. [Huffington Post]

    * President Obama nominated Michelle Friedland and John Owens, two young Munger Tolles & Olson partners, for seats on the Ninth Circuit. If confirmed, that’ll make three partners from the same firm on the bench. [The Recorder]

    * Sorry, law firms, but it’s no longer cool to inflate hourly billing rates for contract attorneys when you pay them substantially less. You can thank Ted Frank for this judicial revelation. [WSJ Law Blog]

    * The ABA Task Force on the Future of Legal Education thinks that just about everything having to do with law schools is “deeply flawed” and needs “serious re-engineering.” How comforting. [ABA Journal]

    * Law School Transparency is willing to assist schools with the reporting of their ABA post-graduation job placement statistics, for a price. How much is integrity worth these days? [National Law Journal]

    * For $25K, Casey Anthony’s bankruptcy trustee won’t make her sell the worldwide rights to her story — like her theory of the crime she was acquitted of, it “exists solely within [her] mind.” [Sun-Sentinel]

    12 Comments / / Aug 2, 2013 at 9:14 AM

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