Kasowitz Benson Torres & Friedman
There’s a firm out there that announces raises for rising associate classes effective January 1, but doesn’t actually pay them their new salary until July.
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.
How many attorneys were let go this time?
Which law firms came out on top in this year’s Vault rankings of the nation’s 100 most prestigious firms?
* A source says the casualties at Kasowitz were a matter of “managing the pipeline” after work involving the credit crisis dried up. Don’t worry, he says the firm’s still really busy. Aww, someone will believe you. [New York Law Journal]
* Sorry, folks, but if you want to work in Biglaw, taking classes during law school like “Law and Unicorns” isn’t going to cut it. Try to stick to the boring stuff, and you probably won’t get dinged as often. [Volokh Conspiracy / Washington Post]
* Oregon’s AG is refusing to defend the state’s ban on same-sex marriage because it “cannot withstand a federal constitutional challenge under any standard of review.” That’s just fabulous, darling. [Bloomberg]
* Career alternatives for attorneys: Olympic gold medalist. Jennifer Jones, in-house counsel at National Bank Financial, helped Canada’s curling team take the win this week in Sochi. You go, girl! [The Star]
* Say hi to this century’s Stella Liebeck. A woman is suing Dunkin’ Donuts after suffering second and third degree burns to her crotchal region after spilling her hot apple cider. [New Jersey Law Journal (reg. req.)]
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* “We’re in uncharted territory right now.” The federal courts made it through the first week of the shutdown, but they’re approaching “here be dragons” land in terms of funding. [National Law Journal]
* “It would be the most interesting case in decades.” Legal experts (read: law professors from T14s) debate whether President Obama can ignore the debt ceiling for much longer. [New York Times]
* People are getting out of Biglaw while the getting’s good. Reed Smith’s global managing partner is leaving the firm for a general counsel gig after 13 years at the helm. [WSJ Law Blog (sub. req.)]
* Law firm leaders met to discuss how to empower women attorneys, and agreed it’s wise to parade them around in front of clients. Getting to work on those clients’ cases is another question. [Blog of Legal Times]
* No debacles here, contrary to past precedent: Kasowitz Benson poached two superior legal minds from NBCUniversal and welcomed them to the firm to open an entertainment litigation practice. [Bloomberg]
* Dzhokhar Tsarnaev’s lawyers want their client’s prison restrictions to be lifted and are raising a slew of constitutional claims. We think the members of his fan club are the only ones feeling sorry for him. [CNN]
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* 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)…
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* AG Eric Holder sat down and had a little chat about what’s been going on at the Justice Department. He’s not impressed with his agency’s work, but he claims he’s not stepping down just yet. [NBC News]
* “Can you hear me now?” Oh, Verizon, what an apropos slogan you’ve got considering the latest government scandal. The NSA has been spying on you through your phone records since late April. [Guardian]
* Lawyers for Matthew Martoma still want more time to comb through millions upon millions of documents in their client’s insider trading case, but it seems rather pointless after a judge’s kiss of death. [Reuters]
* Looks like she got her wish: thanks to Judge Michael Baylson, a little girl with terminal cystic fibrosis may have a better chance at getting a longer lease on life in this donor lung transplant case. [CNN]
* Being a politician didn’t really work out so well for him, so John Edwards is going to try his hand at being a lawyer again. Just think of all of the lovely ladies he’ll be able to pick up as clients. [USA Today]
* Speaking of former public servants who are getting back into the law, Ken Salazar will be opening the Denver office of WilmerHale — and when it comes to pay, he’s got a “very good package.” [Denver Post]
* And not to be forgotten, famous flip-flopper Joe Lieberman will be taking his services to Kasowitz Benson. We certainly hope the firm will appreciate his superior legal mind. [WSJ Law Blog (sub. req.)]
* The ABA is considering law school job data collection 10 months after graduation, instead of nine, because bar exam results come out so late. Like that extra month will help… [National Law Journal]
* Erika Harold, a Harvard Law grad and ex-Sidley associate known for her reign as Miss America, is running for Congress in Illinois. What will she she do for the talent portion of the competition? [Politico]
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Which firms had the highest revenue last year, according to the latest Am Law 200 rankings?
* Two guys, one gun, three wounded. Definitely what the Founders intended. [KENS 5]
* Here’s the affirmance of the dismissal of Greg Berry’s $77 million lawsuit against Kasowitz Benson. Fun times. [Appellate Division, First Department]
* Ex-girlfriends are uniting to go after a revenge porn site. If this stupid site ruins Section 230 for everybody, I’m going to be pissed. [Jezebel]
* Not that anybody should need the help, but here is another reason to hate lawyers. [She Negotiates / Forbes]
* Honestly, I kind of forgot Gitmo was still open. What with all the talk of having a progressive president, I kind of assumed that this would have been a promise he kept and stuff. [How Appealing]
* Speaking of things I’ve forgotten about, say hello to the 27th Amendment. [The Volokh Conspiracy]
* It looks like the world has forgotten about Atari. [Bloomberg Law]
Gregory Berry’s back, and his legal mind is as superior as ever in the appeal of his $77 million case against Kasowitz Benson.