* Dewey was quick about getting its Chapter 11 plan confirmed, but all of these unfinished business claims are taking a little longer to resolve than previously hoped. But hey, at least Paul Hastings settled. [Am Law Daily]
* Because sometimes profit sharing isn’t enough: Theodore Freedman, a former Kirkland & Ellis partner, pleaded guilty to tax fraud after underreporting his partnership income by more than $2M. [New York Law Journal]
* Imagine a land filled with millions of little Honey Boo Boos. That’s what the great state of Arkansas is going to look like if the legislature passes the most restrictive abortion law in the country. [WSJ Law Blog (sub. req.)]
* Not only do the Mavericks suck, but Mark Cuban’s luck in court does, too. His bid to toss an insider trading case was denied. He’d probably jump over the bench and have a fit if he could. [DealBook / New York Times]
* Dawn Clark Netsch, beloved Illinois pol and one of the nation’s first female law profs, RIP. [Chicago Tribune]
Earlier this week, we wrote about a pair of prominent partners at Skadden Arps who got hit with a big-time benchslap. A federal judge in Chicago issued an order to show cause, requiring the Skadden lawyers to explain why they should not be sanctioned for failing to cite a highly relevant (arguably dispositive) Seventh Circuit case when briefing a motion to dismiss. The judge also set “a status hearing in open court…. [at which the attorneys] are all directed to appear in person.”
The Skadden partners filed a contrite response. They apologized profusely to the court, explained why they viewed the Seventh Circuit as distinguishable, and argued that even though they erred, their conduct didn’t merit sanctions. They announced to the court that they had settled the case in question, with Skadden “contributing to the settlement amount in order to personally redress plaintiffs’ counsel for responding to the motion to dismiss.” (In a classy move, they also extracted their associate from under the bus, explaining that he played no substantive role in the briefing.)
Despite the apology and the settlement, the status hearing went forward as scheduled yesterday. What happened?
On the transactional side, things seem to be going gangbusters for Skadden Arps. As we noted yesterday, the firm took the top spot in three separate rankings of 2012 M&A work. In 2011, a different firm sat atop each set of rankings, but in 2012, Skadden ruled them all.
On the litigation side, though, the new year has brought new headaches for Skadden. Earlier this month, a high-profile partner at the firm, along with another partner and an associate, got hit with a big benchslap. A federal judge issued an order to show cause, asking the Skadden lawyers to explain why they should not be sanctioned, and set “a status hearing in open court…. [at which the attorneys] are all directed to appear in person.” Ouch.
Skadden recently filed its response to the OSC. Let’s review the benchslap, then see what the Skadden lawyers had to say for themselves….
* “I’m sorry Ms. Jackson, I am for real. Never meant to make your planet cry, I apologize a trillion times,” is likely what Barack Obama told Lisa Jackson when he found out she was stepping down as EPA administrator. [New York Times]
* Cook County, Illinois, is experiencing problems wherein the kookiest of judges get “electoral mulligans” every six years. Public humiliation and harsh ratings might be a great way to finally put an end to this practice. [Chicago Magazine]
* Another way to get revenge against the schools that screwed grads with their allegedly misleading employment stats: disciplinary action for ethical violations committed by those licensed to practice law. [WSJ Law Blog (sub. req.)]
* What happens in Vegas, stays in Vegas, unless you’re accused of being a murdererbirderer. Boalt Hall law students Justin Teixeira and Eric Cuellar have now been criminally charged for their alleged roles in the decapitation of an exotic bird. [Las Vegas Sun]
* Harvard Law is offering a free online copyright class, and anyone can enroll — even 13-year-olds. This may be your only chance to take a course at an Ivy League school, so hurry up and apply. [National Law Journal]
* George Zimmerman and his lawyer are being sued by a private detective for failure to pay $27K for security services, which included a detailed escape plan to get the murder defendant into a hidey-hole. [Boston Herald]
As you might expect from the founder of one of the world’s great law firms, Frederick Winston was an impressive individual. He graduated from Harvard Law School in 1852. His first law partner, Norman Judd, was the delegate who nominated Abraham Lincoln at the 1860 Republican National Convention. His next law partner, after Judd became President Lincoln’s ambassador to Germany, was Henry Blodgett — no, not thatHenry Blodget (one “t” versus two) — who later served as a federal judge. In 1894, Frederick Winston became law partners with Silas Strawn — and the rest, as the say, is history.
If you’d like to own a piece of history, you can purchase the 1896 mansion that was built for Frederick Winston. It’s now on the market, for just under $10 million.
No, this is not an apartment building (although it could be converted into one). It’s a single-family house — the house that Winston built….
Back in July, we brought our readers a story about an Illinois judge who had allegedly been using his courthouse computer to view hardcore pornography while in chambers. Most would’ve lodged an objection to the judge’s alleged behavior, because after all, he could’ve waited until he got home to sate his supposed desire for untoward viewing pleasures, just like everyone else.
After the inception of a judicial ethics inquiry, some of the porn sites the judge visited were revealed by a Chicago-area newspaper (and based on his pervy predilections, it seems the good jurist is a chubby chaser). But alas, the only thing the judge is chasing now are his hopes of keeping himself on the bench.
Late last week, the alleged porn procurer found himself before the Illinois Courts Commission (ICC) to defend his honor and his livelihood. During the hearing, the judge confessed to many of his sins, and revealed the reason why he couldn’t wait until he was within the comforts of his own home to visit his favorite XXX sites….
* When it comes to the art of law firm valuation, you may be surprised when you find out which Biglaw firm is worth the most. Here are a few hints: it’s not Baker & McKenzie, and it’s not DLA Piper or Skadden, either. [American Lawyer]
* Evening students are capable of doing more than ruining your class rank. Jacob Lew, once a night student at Georgetown Law, is now the White House chief of staff assisting with fiscal cliff negotiations. [New York Times]
* For now, the only thing that’s keeping Florida from gaining another law school is a lack of square footage in the real estate rodeo. But that’s probably a good thing, because adding a twelfth law school would be more than a little ridiculous. [Daytona Beach News-Journal]
* Samsung’s trying to get out of paying $1.05B to Apple, and their lawyers are trying to pin knowledge of the jury foreman’s misrepresentations on their technological nemesis to get the verdict thrown out. [Bloomberg]
* Shakira’s hips don’t lie, but her contracts allegedly do. The sexy singer’s ex-business partner (who’s also her ex-boyfriend) is suing her for $100M to “recover his share of past and future partnership profits.” [Billboard]
During the 2000 presidential campaign, Al Gore famously alluded to “powerful forces and powerful interests” that were out to get ordinary Americans. He received derision from some quarters for his vague invocation of mysterious forces that were conspiring to keep the people down — but maybe he had a point? As Henry Kissinger famously observed, “Even a paranoid has some real enemies.”
This brings us to the first of our two Judges of the Day, both out of the Chicago area. The first claims that she is “being persecuted extensively by many people in many ways.”
Let’s learn about the mysterious forces who are supposedly causing trouble for this jurist. Does she have actual enemies, or is she simply cuckoo in Cook County?
When renowned federal prosecutor Patrick Fitzgerald stepped down as U.S. Attorney in Chicago, he reacted skeptically to the suggestion that he join the dark side jump over to private practice and become a defense lawyer. When asked about this at a press conference regarding his departure, he quipped, “Can you see me as a defense attorney?”
Well, pooh-poohing something isn’t the same as rejecting it out of hand. Yesterday brought news that Pat Fitzgerald will be entering private practice after all.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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