In Praise of Partners’ Prudence: Why the Lack of Spring Bonuses May Have Been a Good Thing
Most major law firms didn't pay spring bonuses this year -- and maybe that was a good thing, given the warning signs ahead for Biglaw.
Dewey Violate Rule 10b-5? A Detailed Look at the Firm’s 2010 Offering Memorandum
Was the offering memo for Dewey & LeBoeuf's 2010 private placement materially misleading? And what does the document reveal about the firm's finances?
Keeping Law School Accessible When Federal Loans Fall Short
As federal borrowing caps tighten financing options for law students, one organization is stepping in to negotiate the terms they can't secure alone.
Dewey Have Good News To Report? Quite Possibly
LeBoeuf is not yet done. What's the good news cooking over at Dewey & LeBoeuf?
Dewey Have A Shot Of Working Out A Rescue Plan — Before The Loans Come Due?
When are Dewey's debts due? And can the firm figure out a rescue plan before that date?
Dewey Have Enough Money To Use FedEx?
(Plus more potential defections, and bankruptcy planning.)
Is it true that FedEx is banned at Dewey? Which D&L partners might be heading for the door next? And what's all this talk about bankruptcy protection?
Moscow and the Middle East: Dewey Have A Problem?
(Plus more about Dewey’s loan covenants.)
Dewey might be closing some of its foreign offices. Which overseas outposts are on the chopping block? And which rival firms might pick up the pieces?
What Biglaw Can Learn From Personal Injury Firms
How a former insurance agent built a Houston injury practice around systems, empathy, and disciplined advocacy.
Benchslap of the Day: Second Circuit Rebukes Rakoff
What did the Second Circuit have to say about Judge Jed Rakoff's rejection of the SEC's settlement with Citigroup? Let's say they're not huge fans of his legal analysis.
Morning Docket: 12.28.11
* How many of these suggested New Year’s resolutions should the members of the Supreme Court consider following? Eight out of ten resolutions wouldn’t be too shabby. [Huffington Post] * Like a virgin, detained for the very first time: thanks to this court order, Egypt will be forced to come out of the dark ages […]
Morning Docket: 12.16.11
* A man on trial for sex crimes at a Minnesota courthouse allegedly shot three people yesterday, including prosecutor Timothy Scannell. Guess it’s time to get a metal detector. [Duluth News Tribune] * Instead of trying to force Citigroup’s hand on a tougher settlement, the SEC is appealing Judge Rakoff’s rejection of the original. Don’t […]
Biglaw Starts To Manage Expectations About Bonuses
The first bit of bonus news has leaked out of Biglaw. We're not talking about spring bonuses, and we're not talking about random mid-year bonuses. We're talking about regular, end-of-the-year, take-it-to-the-champagne-room bonuses. And sure, the early news is bad, but that's to be expected. This first report is just what Biglaw wants you to hear. But if the past year in bonus news proves anything, it's that Cravath sets the bonus market, even when they do it late....
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Non-Sequiturs: 08.16.11
* I know we’re a little tight for money, but we should find some money in the budget to make sure faded American stars are bailed out of the housing crisis, just like the banks were. [Monsters & Critics] * Illinois’s redrawn legislative districts draw legal fire. I have an idea: let’s use Illinois as […]
Dead Firm Billing: Howrey Going to Keep Doing Business?
Although it officially passed away back in March, when its partners voted for dissolution, the law firm of Howrey LLP continues to twitch in its grave — or maybe even step out of its grave and walk around a bit, like a zombie from a horror flick. Howrey continues to have a presence on Twitter, […]
Howrey Going to Go On Without Bank Funding?
Firm shutting down today, after Citi pulls plug.
Although Howrey LLP officially dissolved as a partnership as of March 15, some operations continued beyond that date. But at the close of business today, the firm is going into a more complete shutdown, due to a withdrawal of bank financing. “Last night, we received notice via email that Howrey is closing as of today, […]
Howrey Going to Survive the Storm? Board the Winston Lifeboats, Leaders Urge
Accept your offers. It’s wise advice for 2Ls going through fall recruiting, and it’s wise advice for partners of the rapidly unraveling Howrey law firm, most of whom have offers to join Winston & Strawn. Last weekend, Winston made offers to a little over 75 percent of Howrey partners, with responses requested in 21 days. […]
The Boies Schiller Three: An Update
It’s time for a brief postscript on one of this month’s juicier (and well-trafficked) stories: the dismissal of three women associates from litigation powerhouse Boies Schiller. We have a few additional tidbits that we can share with you. But this is probably the last story we’ll be doing on this drama, since we don’t expect […]