Law Firm Merger Mania

  • Floyd Mayweather (Photo by Jason Merritt/Getty Images)

    Morning Docket

    Morning Docket: 05.01.15

    * Floyd Mayweather’s lawyer says that his client will post Suge Knight’s insanely high $10 million bail if he wins his fight against Manny Pacquiao. Suge says he was “really going to pull for him to win, but now [he’s] going to have to pray for him to win.” [Los Angeles Times]

    * Northwestern University School of Law is launching a first-of-its-kind loan repayment assistance program to help grads in “modestly salaried private sector jobs” — that is, if you make less than $85,000, the school will pay your loan interest for up to a year. [National Law Journal via CBS]

    * If you haven’t heard, the class of 2014 was much more employed than the class of 2013 by a factor of a few percentage points. Apply to law school right now! (No, don’t do that. The class of 2014 was smaller, so it looks like the job stats were better.) [ABA Journal]

    * “[T]he jury is out and the only sane thing you can say about Dentons is check back in three years.” Hot on the heels of the announced merger between Dentons and McKenna Long, many lawyers are running for the exits. [Big Law Business / Bloomberg BNA]

    * If you’re interested in going to law school on the east coast, then you may want to take a look at this list of schools, ranked by total employment of the class of 2014. We’d shudder to see what this list would look like if only long-term, full-time jobs were used. [BostInno]

    * A lawyer who’s suing former U.S. Representative Aaron Schock on behalf of a campaign donor says he’s been unable to locate the disgraced politician to serve him. What will happen now? We bet you can find out on the next episode of Downton Abbey. [ABC News]

    0 Comments / / May 1, 2015 at 8:55 AM
  • Michael Slager

    Morning Docket

    Morning Docket: 04.09.15

    * That was quick! It turns out that David Aylor, the lawyer who once represented Michael Slager, the recently fired South Carolina police officer charged with murdering Walter Scott, kicked his client to the curb when he saw the damning video of the shooting. [Daily Beast]

    * Everything’s bigger in Texas, including the number of federal weapons charges county court-at-law judges rack up in a single indictment. Seventy-year-old Judge Tim Wright faces up to 70 years in prison for allegedly selling guns illegally and trafficking them to Mexico. Yeehaw! [TWC News]

    * Hot off its merger with Dacheng last quarter, Dentons is kicking off the second quarter of 2015 by merging with McKenna Long & Aldridge. Thanks to back-to-back mergers, Baker & McKenzie is now second to Dentons in terms of attorney headcount. [WSJ Law Blog]

    * Warner Norcross & Judd refused to take up the defense of Michigan’s same-sex marriage ban before SCOTUS — but that didn’t stop the firm’s head of appellate litigation from getting involved. He’s now on a leave of absence from the firm. [National Law Journal]

    * For those of you who are interested, here’s the ABA Journal’s question of the week: “What was the first moment you knew you wanted to be a lawyer?” For many lawyers, the question can be answered thusly: “When I realized I couldn’t be a doctor.” [ABA Journal]

    16 Comments / / Apr 9, 2015 at 9:09 AM
  • law_school LF

    Morning Docket

    Morning Docket: 04.08.15

    * “Take it from me, dealing with the complex criminal legal system can be difficult and intimidating for most people.” This ex-Troutman Sanders partner may be facing nine felony charges, but who cares? He’s starting his own firm. [Am Law Daily]

    * It’s kind of cute when law school deans lie to themselves to make themselves feel better. For example, the dean of Oregon Law says now is “excellent” time go to go law school, and he doesn’t make decisions “based on what moves the rankings needle.” [Daily Emerald]

    * Per the latest Altman Weil survey, the first quarter of 2015 was one of the best ever for law firm mergers. The pace with which law firms merged was the second-quickest since the company started tracking mergers to begin with in 2007. [Philadelphia Inquirer]

    * The Rutgers Board of Governors has approved of the proposed merger between Rutgers-Newark and Rutgers-Camden Law. Now they just have to wait for the ABA’s rubber stamp, which they’ll obviously get — the ABA would rubber stamp a shoe. [NJ Advance Media]

    * “[T]he law is a noble profession – but it’s also an oversubscribed one, due in large part to excessive federal lending.” Maybe if the government stopped handing out student loans like candy, law schools would be forced to lower their tuition rates. [Washington Post]

    * The University of Virginia’s chapter of Phi Kappa Psi is definitely going to try to sue Rolling Stone over its fraternity gang-rape story, but the question is whether “bad journalism [will] amount to legal liability.” What do you think about this? [WSJ Law Blog]

    89 Comments / / Apr 8, 2015 at 8:57 AM
  • Businessman Consulting Glowing Crystal Ball

    Biglaw, In-House Counsel

    3 Predictions For The Legal Profession in 2015

    In-house columnist Mark Herrmann looks back on the predictions he made in 2014, which turned out to be correct, and makes new predictions for 2015.

    6 Comments / / Jan 5, 2015 at 12:36 PM
  • merger law firm merger

    Biglaw, Law Firm Mergers, Midsize Firms / Regional Firms, Small Law Firms

    Strategy Of Merger: 4 Steps To Success For Law Firm Leaders

    How should small to medium-sized firms approach a merger strategy, what are the “rules of the road” for a successful merger, and how can the inherent risks be managed?

    2 Comments / / Oct 29, 2014 at 3:04 PM
  • Too many lawyers are wearing this name badge.

    Bar Exams, Gay Marriage, Job Searches, John Roberts, Law Firm Mergers, SCOTUS, Supreme Court

    Morning Docket: 10.06.14

    * The Supreme Court’s new term kicks off today, and lawyers are pumped — especially since “the Roberts court [may] be to the rights of gays and lesbians what the Warren court was to the rights of African Americans.” [New York Times]

    * But come on, the Supreme Court hasn’t even decided to take up a same-sex marriage case for October Term 2014, you say. Not to worry, because “[h]owever slow the term is starting, it could obviously explode.” [USA Today]

    * This year’s law firm merger pace is slightly more robust than last year’s record-breaking rate. Lawyers should probably get ready for some real merger mania before the new year comes. [Am Law Daily]

    * The legal services sector just lost the largest number of jobs in a one-month period in almost five years. Our condolences to recent law school graduates who are still searching for employment. [WSJ Law Blog]

    * On the other side of the spectrum, this recent law school graduate has it made. This former bank robber turned D.C. Circuit clerk just found out he’ll be allowed to take the bar exam. Yay! [National Law Journal]

    1 Comment / / Oct 6, 2014 at 9:00 AM
  • She's not a porn star, she's a law student.

    Biglaw, Election Law, Eric Holder, Law Firm Mergers, Law School Deans, Law Schools, Money, Morning Docket, Partner Issues, Politics, Pornography, State Judges, State Judges Are Clowns

    Morning Docket: 09.29.14

    * Now that we know Eric Holder is resigning, there’s been speculation as to where he’ll go next. The obvious choice is a return to Covington & Burling, but he could still surprise everyone. [National Law Journal]

    * “Judicial campaign cash is burning a hole in the Constitution.” State court judges are pumping money into their election campaigns, and some have been left to wonder about its true price. [New York Times]

    * Details have emerged as to conditions that must be met for Bingham McCutchen’s proposed merger with Morgan Lewis: partner promises, de-equitizations, and forgivable loans, oh my! [Reuters (sub. req.)]

    * In the wake of Dean Makau Mutua’s decision to step down at Buffalo Law, a “deep rift” among faculty has been brought to light. The school’s future doesn’t seem as “bright” as we were one told. [Buffalo News]

    * A former law student who was falsely identified as a porn star on the radio had her day in court and pulled out a win. Here’s the money shot: she’s walking away with $1 million in damages. [Kansas City Star]

    5 Comments / / Sep 29, 2014 at 9:05 AM
  • lawyer ruler

  • Judge Jill Pryor

    11th Circuit, Biglaw, Dewey & LeBoeuf, Drugs, Federal Judges, Insider Trading, Judicial Nominations, Law Firm Mergers, Marijuana, Morning Docket, Privacy, Wall Street

    Morning Docket: 09.09.14

    * Mathew Martoma, the former Harvard law student who fabricated his transcript when applying for clerkships, gets nine years in prison for insider trading. [DealBook / New York Times]

    * If Bingham McCutchen moves forward on merger talks with Morgan Lewis, a bunch of Bingham partners might bail. [American Lawyer]

    * Congratulations to Judge Jill Pryor, who will join Judge Bill Pryor on the Eleventh Circuit. [Fulton County Daily Report]

    * Can you be fired for medical marijuana in Colorado, where the drug is legal even for recreational purposes? [ABA Journal]

    * Dewey have some good news for the embattled ex-leaders of the defunct law firm? [New York Law Journal]

    * Home Depot is the latest major retailer to be hit by a data breach. [Washington Post]

    1 Comment / / Sep 9, 2014 at 9:14 AM
  • law-firm-mergers RF

    Biglaw, Law Firm Mergers, Patton Boggs, Quote of the Day

    Patton Boggs Managing Partner Comes Clean On Why Merger Was Necessary

    Get the real dirt on why this merger needed to happen, straight from the horse’s mouth.

    8 Comments / / Aug 21, 2014 at 2:11 PM
  • You don't need a crystal ball to do your job.

    Advertising, Biglaw, Law Firm Mergers, McKee Nelson, Partner Issues, Shameless Plugs, This Is an Ad

    The Future Of Bingham McCutchen

    How did Bingham grow to its current size, and what does the future hold for the firm?

    3 Comments / / Jul 31, 2014 at 4:32 PM
  • Letter of resignation

    Biglaw, Email Scandals, Intellectual Property, Lateral Moves, Law Firm Mergers, Litigators, Litigatrix, Musical Chairs, Partner Issues

    An Update On A Managing Partner’s Mysterious Departure

    Where did this prominent partner land, and what might happen to the firm she left behind?

    6 Comments / / Jul 1, 2014 at 11:16 AM
  • law-firm-mergers RF

    Advertising, Biglaw, Law Firm Mergers, Partner Issues, Partner Profits, Shameless Plugs, This Is an Ad

    Merging In The Post-Recession Market

    Ed. note: This is the latest installment in a series of posts on lateral partner moves from Lateral Link’s team of expert contributors. Michael Allen is Managing Principal at Lateral Link, focusing exclusively on partner placements with Am Law 200 clients. Alliteration aficionados are bemoaning the tongue-twisting fusion of Squire Sanders and Patton Boggs into […]

    1 Comment / / Jun 5, 2014 at 4:22 PM
  • angry woman lawyer

    Biglaw, Gender, Job Searches, Law Firm Mergers, Law Firm Names, Law Schools, Morning Docket, Patton Boggs, Securities and Exchange Commission, Securities Law, Women's Issues

    Morning Docket: 05.28.14

    * “[T]hree names are unnecessary, and over time I think you’ll see Squire Patton start to take hold.” Sanders got the boot in this law firm merger, and it won’t be long before Boggs follows. [Am Law Daily]

    * The “great female brain drain” at Am Law 200 firms isn’t slowing down, and it will only get better if Biglaw firms concentrate less on their failed “fix the women” approaches. [Harvard Business Review]

    * Mary Jo White of the SEC promised to dust off an often ignored — but “potentially [] very powerful” — section of securities law to pursue financial violations. Be wary of the “innocent instrumentality” doctrine, defense attorneys. [DealBook / New York Times]

    * We’ve got some breaking news for our readers from the “no sh*t” department: Law school graduates are still having a very tough time getting jobs as lawyers, and there is no real end in sight. [Sacramento Bee]

    * If you’re looking for a way to explain a switch in your undergrad major when applying to law school, show admissions committees how pretty your grades are now. Tada! [Law Admissions Lowdown / U.S. News]

    2 Comments / / May 28, 2014 at 9:08 AM
  • layoff laid off lawyer attorney

    Biglaw, Law Firm Mergers, Layoffs, Staff Layoffs

    Nationwide Layoff Watch: Not Everyone’s A Winner

    Which major law firm just announced layoffs across 16 offices?

    9 Comments / / Apr 14, 2014 at 2:29 PM
  • white knight RF

    Biglaw, Law Firm Mergers, Partner Issues, Patton Boggs

    Has Patton Boggs Found A Savior?

    Can this law firm be saved?

    6 Comments / / Mar 25, 2014 at 2:14 PM
  • patton boggs logo RF

    Biglaw, Law Firm Mergers, Partner Issues, Patton Boggs

    Won’t Somebody Please Merge With Patton Boggs?

    Which major international law firm is Patton Boggs trying to get with now?

    2 Comments / / Feb 26, 2014 at 4:31 PM
  • wedgie

    Biglaw, Deaths, Gay, Gay Marriage, Law Firm Mergers, Minority Issues, Morning Docket, Pranks, SCOTUS, State Judges, Supreme Court, Texas, Utah

    Morning Docket: 01.09.14

    * Hot on the heels of the SCOTUS stay, Utah has ordered its state agencies not to recognize any of the same-sex marriages that took place. Eww, Utah, you are being disgusting right now. [NBC News]

    * The eminently quotable Chancellor Leo Strine of the Delaware Court of Chancery has been nominated to serve as chief justice of the state’s highest court. Best of luck with your confirmation! [Chicago Tribune]

    * Law firm mergers rose by almost 50 percent after 88 firms joined forces throughout 2013 (a new record, according to Altman Weil). Let’s see if this year’s pace is as frenzied as last year’s. [Am Law Daily]

    * The legal profession isn’t very good at diversity, especially in Texas. Here’s a not-so fun fact: just six percent of all equity partners at the largest law firms in Dallas are minorities. [Dallas Business Journal]

    * “[I]t was the first time he had ever heard of someone being killed by a pair of underwear.” A man in Oklahoma was tragically killed after becoming the first-ever recipient of a fatal atomic wedgie. [News OK]

    2 Comments / / Jan 9, 2014 at 7:48 AM