Bankruptcy

  • 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

  • Nicki Minaj

    Bankruptcy, Biglaw, Boutique Law Firms, Hair, Howrey LLP, Money, Morning Docket, Murder, Partner Issues, Small Law Firms

    Morning Docket: 02.24.14

    * Being a former partner of a firm that’s flopped ain’t easy. Ex-Howrey partners find themselves haunted by the failed firm’s “phantom” funds, and now they’re going to court to fight their tax liabilities. [Am Law Daily]

    * Silly Cadwalader! You’re not the “oldest law firm in the United States.” Neither are you, Howard, Kohn, Sprague & FitzGerald. That title goes to Rawle & Henderson, a firm that’s been around since 1783. [ABA Journal]

    * If you’d like to work at a firm that’s being touted for its anti-Biglaw culture, you might want to take a look at Tandem Legal Group. You won’t ever have to wear a tie at this “fun” and “cool” place. [Washington Post]

    * Jason Bohn, the Florida Law grad accused of murder — who also happens to be the guy who was once featured in an NYT article about the perils of law school — has apparently killed before. [New York Post]

    * Nicki Minaj is being sued for $30 million by the man who once served as her “wig guru.” Having absolutely nothing to do with the case, imagine being so obscenely rich that you could employ a “wig guru.” [CNN]

    2 Comments / / Feb 24, 2014 at 9:04 AM
  • George Zimmerman, Esquire?

    Bankruptcy, Biglaw, Eavesdropping / Wiretapping, Howrey LLP, Lateral Moves, Law Schools, Morning Docket

    Morning Docket: 02.18.14

    * Mayer Brown issued a response in the wake of its NSA scandal, saying there’s “no indication” spying happened “at the firm.” Spying “of the firm” is another question, but don’t worry, clients, your information is totally secure. [Chicago Tribune]

    * “He is almost treating the clients as chattel.” Lateraling may have just gotten harder, because a judge in the Howrey case expects you to kiss your book of business goodbye as soon as you ditch your firm. [Wall Street Journal (sub. req.)]

    * Law school applications have plummeted, but some schools are really struggling. Which had the largest drops in enrollment? Take a wild guess. We’ll have more on this later today. [National Jurist]

    * You can’t just sit back and relax after you’ve sent off your law school applications. You need to gun your way to enrollment and be as appropriately annoying as possible. [Law Admissions Lowdown / U.S. News]

    * George Zimmerman, who says God is “the only judge that [he] has to answer to,” hopes that he’ll eventually become a lawyer. We imagine that kind of an attitude will earn him a sanction or two. [CNN]

    5 Comments / / Feb 18, 2014 at 8:59 AM
  • iStock_000022529851Small

    Bankruptcy, Beyonce, Bill Clinton, Celebrities, Curtis, Mallet-Prevost, Colt & Mosle, Fabulosity, Money, Music, Partner Issues, Rap

    Coolest Biglaw Partner Ever Is Making It Rain Jeffersons All Over Jay-Z, Beyoncé & Bill Clinton

    There’s an underground economy of $2 bills in the hip-hop community, and this Biglaw partner is responsible.

    8 Comments / / Feb 11, 2014 at 2:58 PM
  • O Canada!

    Bankruptcy, Biglaw, Canada, Eric Holder, Federal Government, Federal Judges, Gay, Gay Marriage, Intellectual Property, Money, Morning Docket, Partner Issues, Trademarks

    Morning Docket: 02.10.14

    * Secrets secrets are no fun, secrets secrets hurt someone: Chief Justice Roberts named two judges to two secret courts. Congrats to Judges Boasberg and Tallman. [Legal Times]

    * Bankruptcy just got a lot more fabulous. AG Eric Holder announced that the government would extend recognition of same-sex couples in federal legal matters. [New York Times]

    * With reports of firms’ financials beginning to trickle out, partners are getting anxious. No one wants to be the next Dewey — or the next Gregory Owens. [Am Law Daily]

    * This is the second year in a row that Greenberg Traurig has posted financial declines. Perhaps the firm started its lower pay, non-partner track residency program for a reason. Something to think about. [Daily Business Review]

    * “It’s our duty as partners to help.” Law students articling at the recently dissolved Heenan Blaikie are learning a lesson in Canadian collegiality. The firm is trying to help them get new jobs. [Montreal Gazette]

    * Speaking of Heenan Blaikie, we’re hearing chatter that the firm’s talks with DLA Piper may be in trouble. HB says the talks they’re off, but DLA says they’re ongoing. Hmm, that sounds dramatic. [WSJ Law Blog]

    * “It’s a very L.A. thing. We’ll see how long it lasts.” If you had to choose, you’d probably go to Dumb Starbucks over Starbucks. Order a Dumb Frappuccino before they get a C&D letter. [Los Angeles Times]

    1 Comment / / Feb 10, 2014 at 9:06 AM
  • layoffs pink slip staff layoffs

    Bankruptcy, Biglaw, Canada, Elena Kagan, Gender, Law Schools, Minority Issues, Morning Docket, Partner Issues, Ruth Bader Ginsburg, SCOTUS, Staff Layoffs, Supreme Court, Women's Issues

    Morning Docket: 02.06.14

    * According to Justice Kagan, Justice Ginsburg “is responsible for eliminating sex discrimination from American law.” Whoa, that’s a nice thought, but let’s not get ahead of ourselves with wishful thinking. [New York Law Journal]

    * After handing out pink slips staff, Heenan Blaikie lawyers sat down and voted to dissolve the Canadian firm’s partnership and wind up its business. It’s kind of like Dewey, but with maple syrup! [Legal Post / Financial Post]

    * Jack W. Butler, the bankruptcy bigwig who managed to negotiate the American Airlines / US Airways merger, will leave his home at Skadden Arps after 23 years and head to Hilco Global. [DealBook / New York Times]

    * Vermont Law School has partnered with several historically black colleges and universities in order to put warm bodies in empty seats promote the expansion of racial diversity in the legal profession. [VT Digger]

    * David Savner, a corporate partner at Jenner & Block, recently donated $1 million to his alma mater, Northwestern Law, to fund a high-tech classroom. It must be nice to be rich. [Crain’s Chicago Business]

    * The ABA Journal wants to know what the “oddest” elective course you ever took in law school was. If you took a “Law and _____” class and didn’t get an “A,” you should hang your head in shame. [ABA Journal]

    2 Comments / / Feb 6, 2014 at 9:02 AM
  • happy lawyers

    Biglaw, In-House Counsel, Partner Issues

    The Biglaw 2013 Partnership Class, By Practice Area

    How did the 200 largest law firms in the country apportion their new partners among practice areas?

    6 Comments / / Feb 4, 2014 at 4:03 PM
  • Angry Businessman Yelling into Phone

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, In-House Counsel, Money, Partner Issues, White & Case

    A Non-Equity Partner’s Rant

    Are non-equity partners getting a bad rap?

    25 Comments / / Feb 3, 2014 at 10:43 AM
  • bankruptcy RF

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, White & Case

    Dewey Know A Biglaw Partner Driven Into Personal Bankruptcy By The Firm’s Collapse?

    How does a Biglaw partner with a six-figure income wind up in personal bankruptcy? It’s hard out here for a service partner….

    29 Comments / / Jan 16, 2014 at 12:22 PM
  • StudentLoanDebtMoneyPile

    Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Insurance, Job Searches, Law Schools, Michael Jackson, Morning Docket, Partner Issues

    Morning Docket: 01.16.14

    * Dewey think you should’ve signed up for the partnership contribution plan? That probably would’ve been wise. One of Dewey & LeBoeuf’s ex-service partners has been forced into Chapter 7 bankruptcy thanks to a clawback suit. [Am Law Daily]

    * As long as the job market for new attorneys remains laughable, law schools will continue to make moves when it comes to deep tuition cuts. Say hello to a $30K drop in sticker price, Roger Williams University Law students. [WSJ Law Blog (sub. req.)]

    * Syracuse Law’s class sizes keep getting smaller, but it was “strategically managed” — just like the new law building was financially strategically managed on the backs of alumni and their tuition. [Daily Orange]

    * A trial date was set for Dzhokhar Tsarnaev’s friends who allegedly tried to cover up his role in the Boston bombings. No word yet on whether any stupid girls have set up fan clubs for them. [National Law Journal]

    * The curtains are finally closing on the King of Pop’s life: Lloyd’s of London settled its insurance suit with Michael Jackson’s estate, and Conrad Murray’s involuntary manslaughter conviction was upheld. [AP]

    0 Comments / / Jan 16, 2014 at 9:14 AM
  • It just wouldn't be prudent to let him back into society. (Image via Sunday Mercury)

    Animal Law, Bankruptcy, Football, Free Speech, Gay Marriage, Guns / Firearms, Legal Ethics, Non-Sequiturs, Videos

    Non-Sequiturs: 12.10.13

    * Remember the chimps seeking habeas? Well, bad news: they’re staying in custody, per an order from Judge Ralph A. Boniello III. Now their freedom is up to the Army of the 12 Monkeys. [Wired]

    * Elizabeth Coker has announced she is seeking the office of Polk County Criminal District Attorney. While some may disagree, I think this is a great idea. She’s been directing the litigation strategies of prosecutors for some time now. So why does a judge drummed out of office for texting prosecutors think she should go back into public service? Prayer. Of course. [Polk County Today]

    * Judge Steven Rhodes is overseeing the Detroit bankruptcy. He’s not taking any guff off anyone, including an investment banker who pledged that it was “very important” that his firm help the city, prompting Judge Rhodes to point out, “What’s very important to you is to make money.” He’s also a badass rhythm guitarist. [Associated Press via Yahoo!]

    * A Colorado judge has declared that a discriminating baker can no longer prevent gay couples from buying wedding cakes. It’s unclear if he’s ordering the baker to stock those stupid plastic cake toppers in groom & groom format. [Consumerist]

    * Proofreading law school exams. This article is aimed at law students, but maybe it should be directed toward a certain St. John’s professor… [Law School Toolbox]

    * George Zimmerman’s girlfriend wants him out of jail. She originally told police that Zimmerman pointed a shotgun in her face. That’s Princess Bride-level true love s**t right there. [Slate]

    * Michigan State celebrated putting Ohio State in its place by setting “at least 57 fires.” Can someone holding a sign encouraging people to “Burn the Couch” be held liable? A better question is whether West Virginia can sue Michigan State for stealing their hillbilly intellectual property? [PrawfsBlawg]

    * Sadly, Akerman partner Richard Sharpstein was found dead in his home today. He was 63. [Daily Business Review]

    * A few tipsters sent this one in. They claim it’s a law student acting like a jerk trying to buy cigarettes in a drug store. The sound is spotty, so none of us could figure out exactly what was going on, but it’s worth it for the guy who yells: “Yeah, tell him! Tell him when you were born!” Video after the jump….

    5 Comments / / Dec 10, 2013 at 5:04 PM
  • Sarah Jones

    6th Circuit, Bankruptcy, Biglaw, Defamation, Fashion, Free Speech, Law Schools, Media and Journalism, Morning Docket, Patents, Technology

    Morning Docket: 12.09.13

    * After its patent battle in the courts, Apple wants Samsung to pay for a portion of MoFo’s legal fees. When you think of it, $15.7 million is a rather piddling amount when full freight is $60 million. [The Recorder]

    * Say goodbye to your pensions! As it turns out, law review articles aren’t so useless after all. Detroit’s foray into Chapter 9 eligibility is the brainchild of a Jones Day partner and associate duo. [Am Law Daily]

    * It must be really stressful to plan a wedding when your defamation victory is on appeal to the Sixth Circuit. The latest chapter in the Sarah Jones v. TheDirty.com case could mean curtains for online speech. [AP]

    * When it comes to their credit ratings, stand-alone law schools are getting screwed due to their inability to put asses in their empty seats. Four out of five schools profiled could be in big trouble. Which ones? [WSJ Law Blog (sub. req.)]

    * “You need to not dress like that.” TMZ’s attorney, Jason Beckerman, is an alumnus of Kirkland & Ellis, and he was quickly advised by a producer that he needed to lose his lawyer duds. [California Lawyer]

    5 Comments / / Dec 9, 2013 at 9:00 AM