Another bonus announcement. This one brings good news for a substantial number of associates.
Litigation finance is a funding tool many companies are considering to help cover the fees and expenses related to major legal claims. We at Lake Whillans Litigation Finance have compiled a list of questions to help you determine if your client is a candidate for litigation finance.
If you are looking to move in the beginning of January, your finger should be pressing the call app in your phone.
* Full, fair, and independent: In a St. Louis Post-Dispatch op-ed, Attorney General Eric Holder promised “robust action” in Ferguson, Mo., in light of Michael Brown’s killing. [National Law Journal]
* Biglaw firms have taken notice of the crowdfunding scene, and some have started up their own practice groups dedicated to the cause. Goodwin Procter just got in on the ground floor. [Crowdfund Insider]
* Who will be honored with induction to the American Lawyer’s Legal Hall of Fame in 2014? Take a look at a list of past winners of the title to see if you can guess which legal luminaries will be next. [Am Law Daily]
* “We are actively investigating. We will not rest until we bring this case to a close.” Police still have no leads or suspects in the tragic murder of FSU Law Professor Dan Markel. Sad. [Tallahassee Democrat]
* Is your fantasy football league legal? Like the answer to all questions of law, it depends. Not for nothing, but we’re willing to bet that you won’t really care if it’s legal if it’s going to impede on your fun. [Forbes]
* Judge Emmet Sullivan (D.D.C.) wants the IRS to explain, in a sworn declaration, how exactly it lost Lois Lerner’s emails. [WSJ Law Blog]
* And the fun for the IRS continues today in the courtroom of Judge Reggie Walton (D.D.C.), as reported by Sidney Powell, author of Licensed To Lie (affiliate link). [New York Observer]
* Speaker John Boehner wants to take the Republicans’ crusade against Obamacare to the courts. [New York Times]
* Andrew Calder, the young M&A partner that Kirkland & Ellis snagged from Simpson Thacher for a reported $5 million a year, is already bringing in big deals. [American Lawyer]
How the cupcake crumbles: the once-successful venture of an NYLS grad and her husband needs a rescue.
* “Duke University is not and never has been in the business of producing, marketing, distributing, or selling alcohol.” Some bros down in Durham disagree. [ABA Journal]
* If you see something… sue someone? The ACLU and Asian American civil rights groups, together with some help from Bingham McCutchen, have filed a legal challenge to the Suspicious Activity Reporting database. [New York Times]
* Congrats to David Hashmall, the incoming chair of Goodwin Procter — and congrats to outgoing chair Regina Pisa, the first woman ever to lead an Am Law 100 firm, on her long and successful leadership. [American Lawyer]
* A group of investors might end up devouring Crumbs, the cupcake-store chain founded by New York Law School grad Mia Bauer that suddenly shut down this week amid talk of a bankruptcy filing. [Wall Street Journal (sub. req.)]
Wherein a Biglaw partner is shocked that another Biglaw partner charges a high hourly fee.
A. Raymond Randolph, Clerkships, D.C. Circuit, David Sentelle, Douglas Ginsburg, Federal Judges, Feeder Judges, Harvard, Hedge Funds / Private Equity, Insider Trading, Law Schools, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime
Which D.C. Circuit judges almost hired Mathew Martoma, defendant in the biggest insider trading case ever, back when he was a Harvard law student?
* Who are the real victims of insider trading? It’s the Duke brothers, duh. [DealBook / New York Times]
* Judge Ellen Huvelle has ordered the government to turn over to her an executive order that the feds claim is subject to executive privilege. Judge Huvelle rejected the administration’s argument that privilege exists because, “we don’t want to give it to you.” [Politico]
* Pepper Hamilton has joined the greener pastures of Silicon Valley, opening an office with three partners poached from Goodwin Proctor. [Reuters Legal (sub. req.)]
* Speaking of poaching, Martin Dunn, former deputy director of the SEC and O’Melveny partner is joining Morrison & Foerster. [The Blog of the Legal Times]
* And while we’re at it, M&A partner Sean Rodgers has left Simpson Thacher to merge with Kirkland & Ellis. [The AmLaw Daily]
* Publisher ALM (The American Lawyer, Corporate Counsel, The National Law Journal, The New York Law Journal) has a new technology partner and hopes to boost its readership. If they want to boost their readership, wouldn’t starting a new law school be a better investment? [Talking Biz News]
* Conservative groups are miffed about video of this Democratic party lawyer “attacking” a Republican at the polls and trying to “steal” an election. It seems like he put his hand over the lens of a camera phone, but sure, this is exactly like telling minorities the wrong day to vote. [Bearing Drift]
* The Amanda Knox case has a trade secret component as a battle rages over DNA testing technology. [Trade Secrets Watch / Orrick]
ATL Academy For Private Practice Volume 1 – Getting Started offers a mix of deeply informed, sometimes contrarian, but always thoughtful insight into meeting the challenges of starting and optimizing your own practice. Click here to download.
Getting to work on time is an irrelevant conversation when people are busy working.
* The surviving bomber is still on the loose. [Boston Herald] * The bombers’ uncle put his disdain for their actions bluntly: they’re “losers.” [Gawker] * The attacks may not qualify under the the Terrorism Risk Insurance Act, meaning insurance companies may not be required to pay out. [RT] * On a related note, some […]
Bankruptcy, Biglaw, Deaths, Defamation, Education / Schools, Football, Howrey LLP, Law Professors, Law School Deans, Law Schools, Morning Docket, Musical Chairs, New York Times, Partner Issues, SCOTUS, Supreme Court, Technology
* “The bottom line is … I’m the 800-pound-gorilla that you want to settle with.” By the way, if you weren’t sure, Howrey’s trustee Allan Diamond wasn’t kidding about suing the firm’s former partners. “Either we’re going to cut deals, or I’m suing you.” [Am Law Daily]
* It takes two to do the partnership tango: in the expansion of its Financial Institutions Group, Goodwin Procter picked up Brynn Peltz, an attorney with more than 20 years’ experience, and an ex-partner at Latham and Clifford Chance. [Fort Mill Times]
* Hello, predictive coding! Goodbye, jobs! Not only can computers do the work of lawyers on the cheap, but they can do it more intelligently, too. Get ready to welcome our new digital overlords. [WSJ Law Blog (sub. req.)]
* Another day, another op-ed article about the law school crisis in the pages of the New York Times. But at least this one is about something most can support: changing the third year of law school. [New York Times]
* As it turns out, with 82 applications for the program’s first five spots, there’s actually a demand for Yale Law’s Ph.D. in Law. So much for this being “[t]he worst idea in the history of legal education.” [National Law Journal]
* Linebacker Jonathan Vilma’s defamation suit against NFL Commissioner Roger Goodell in connection with Bountygate was dismissed. Wonder when Goodell will suspend Vilma for thinking he could win. [Bloomberg]
* Francis Lorson, former chief deputy clerk of the Supreme Court, RIP. [Blog of Legal Times]
* Eric Holder has agreed to serve once more as attorney general during President Barack Obama’s second term, but he still plans to leave at some point — after all, he’s no “Janet Reno of the Justice Department.” [Blog of Legal Times]
* For those who care about Biglaw firms and the landlords who love them, fear not, because there’s a whole lot of moving and shaking in terms of commercial real estate deals for Arnold & Porter, Goodwin Procter, and Sidley Austin. [Am Law Daily]
* Jacoby & Meyers scored at the Second Circuit, and the firm’s legal attack on New York’s ban on non-lawyer law firm ownership was reinstated. Soon Walmart will own a law firm with “Low Prices. Every day. On everything.” [Bloomberg]
* Who’ll be stepping in to fill Evan Caminker’s $457,964 shoes as the next dean of Michigan Law? None other than Mark West, who’d like to improve financial aid and loan repayment programs. [National Law Journal]
* Gun nuts, commence your rioting… now. If passed, Governor Andrew Cuomo’s sweeping gun-control proposal would make New York the state with the strictest gun laws in the country. [WSJ Law Blog (sub. req.)]
* Speaking of needless gun violence, by Friday, we’ll know whether there’s enough evidence to move forward with a trial for James Holmes, the accused shooter in the Aurora movie theater massacre. [New York Times]
* Jury agrees that Girls Gone Wild founder Joe Francis slandered casino mogul Steve Wynn by saying he threatened to kill Francis over his gambling debt. That’ll be $20 million. Or, Francis can just show Wynn his boobs. [Huffington Post]
* Moonbeam Jerry and Chris “Destroyer of Idiots” Christie are feuding. It’s just like Biggie v. Tupac, but with hot air instead of unregistered firearms. [Daily Dolt]
* Dude spies on his wife in their own home for the better part of a year. Now they’re getting divorced. Mother, tell your husband not to spy my way. [USA Today]
* Judging from the intensity of the ATL Fantasy Football league after just one week of play, a lot of lawyers really wish they had this job. [Sports Illustrated]
* Thank God there were no leaf blowers were involved, or one of these guys may have napalmed the whole neighborhood. [Legal Juice]
* Congratulations to Goodwin Procter on a notable hire out of the Solicitor General’s Office: Willy Jay, who has argued before SCOTUS almost a dozen times. [Goodwin Procter]
* Just a reminder that Elie is speaking in front of the Anti-Defamation League’s Young Lawyers division tomorrow night at the beautiful New York offices of Arnold & Porter. One of his topics is “why you don’t want me deciding your hate speech,” so at the very least, it should be lively. [Anti-Defamation League]
What is the latest news and rumor about Dewey & LeBoeuf? Not good, for starters….