Law Firm Merger Mania

  • law-firm-mergers RF

    Biglaw, Law Firm Mergers, Partner Issues, Sonnenschein

    Supersizing Biglaw: Welcome to McDentons

    Some thoughts from Anonymous Partner on the Dentons/McKenna Long talks and the rise of the global mega-firm.

    9 Comments / / Oct 15, 2013 at 10:15 AM
  • constitution we the people

    Abortion, Barack Obama, Biglaw, Celebrities, Constitutional Law, Federal Government, Law Firm Mergers, Money, Morning Docket, Partner Issues, Real Estate, SCOTUS, Securities and Exchange Commission, Supreme Court

    Morning Docket: 10.10.13

    * “There are no magic bullets here.” Caught in a “trilemma,” President Obama is up against the wall and is running out of options. He soon might be forced to choose the least unconstitutional solution to the nation’s problems. [Bloomberg]

    * During the government shutdown, it certainly wouldn’t be worth it for furloughed employees to hire lawyers to fight their “essential” versus “non-essential” determinations — please, like they’ll be able to afford legal representation right now. [National Law Journal]

    * It seems some partners at both Dentons and McKenna Long & Aldridge aren’t fans of a possible tie-up, so they’re heading for the hills as fast as they can. Perhaps it simply wasn’t meant to be? [Am Law Daily]

    * It’s time for our favorite show, As the Weil Turns! Partners from various offices are departing for other Biglaw firms, and we can now confirm that Steven Peck is a new face at Proskauer. [Law360 (sub. req.)]

    * We told you last week that Matthew Martens of Fabulous Fab fame would be leaving the SEC, but now we know where he’s landing. Congrats on your new home at WilmerHale. [WSJ Law Blog (sub. req.)]

    * Ohio is the latest state to offer “hazy” abortion restrictions that skirt the very edge of Supreme Court jurisprudence in order to make women feel guilty about their own right to choose. [New York Times]

    * “Without makeup she looks like the Joker in Batman.” Joan Rivers is locked in a $15 million condo catfight with a Canadian socialite who isn’t afraid to pull punches. Meow! [New York Daily News]

    5 Comments / / Oct 10, 2013 at 9:08 AM
  • Supreme Court SCOTUS photo by David Lat

    Animal Law, Antonin Scalia, Biglaw, Federal Government, Federal Judges, Judicial Nominations, Lateral Moves, Law Firm Mergers, Morning Docket, Partner Issues, Pets, SCOTUS, Supreme Court, Trials

    Morning Docket: 10.08.13

    * Say what you will about Justice Scalia, but the man is hilarious — more funny than his four liberal colleagues combined, according to a statistical analysis of oral argument recordings. [New York Times]

    * The government shutdown is slowing down the judicial confirmation process, already famous for its speed and efficiency. [The BLT: The Blog of Legal Times]

    * More about news for Steven Donziger in his long-running battle with Chevron. Maybe it’s time to surrender, Steve? I hear Ecuador is a great place to retire. [New York Law Journal]

    * Law firm merger mania continues, as Carlton Fields combines with Jorden Burt. [Carlton Fields (press release)]

    * Herbert Smith Freehills says “you’re hired” to Scott Balber, the lawyer for Donald Trump who got mocked by Bill Maher on national television. [The Lawyer]

    * You might see your dog as harmless and cuddly, but the law might see your dog as a weapon (and rightfully so, in my opinion). [New York Times via ABA Journal]

    * Congratulations to all the winners of the FT’s Innovative Lawyers awards. [Financial Times]

    * And congratulations to Heidi Wendel and Deirdre McEvoy, high-ranking government lawyers headed to Jones Day and Patterson Belknap, respectively. [New York Law Journal]

    * Today the Supreme Court will hear argument in McCutcheon v. FEC, a major campaign finance case that some are calling “the next Citizens United.” Check out an interview with one of the lawyers behind it, after the jump. [UCTV]

    Marty Lasden of California Lawyer magazine interviewed the severely conservative James Bopp Jr. for the “Legally Speaking” series (in which I previously participated). It appears this interview with Bopp took place before Bopp got bumped from the podium in favor of Erin Murphy, a young superstar of the Supreme Court bar.

    8 Comments / / Oct 8, 2013 at 9:18 AM
  • NCAA Football 14 USE

    Biglaw, Billable Hours, Health Care / Medicine, Job Searches, Law Firm Mergers, Law Schools, Michael Jackson, Money, Morning Docket, Patents, Sports, Technology, Trials

    Morning Docket: 10.03.13

    * According to Altman Weil, law firm merger mania is on pace for record highs as firms desperately attempt to stave off financial problems by gobbling up smaller firms’ clients. [Am Law Daily]

    * The NCAA better watch its back: Jeffrey Kessler, the Winston & Strawn partner who helped bring free agency to the NFL, wants in on the potential case for unpaid college athletes. [Bloomberg]

    * Lawyers doing regulatory work are very afraid that the shutdown will decimate their fourth quarter billables because “[t]he longer it goes, the more problematic it will be.” Yay government. [Reuters]

    * GrayRobinson partner Philippe Devé is in need of a bone marrow transplant, and his firm is using its social media presence to crowdsource a donor. Will you lend a helping hand? [Daily Business Review]

    * UpCounsel has successfully raised $1.5 million in funding to beef up its international patent practice, proving the point that it costs a pretty penny to protect clients from the world’s patent trolls. [TechCrunch]

    * Law schools in New York State are feeling the pain of the drop in applications, and some are now willing admit that their graduates had to start “cannibalizing each other” in the job market. [New York Law Journal]

    * But really, so what if applications are down? Lots of law schools consider themselves lucky to be keeping the lights on with the assistance of generous alumni donations in the millions. [National Law Journal]

    * Another day, another “diploma mill.” Sorry to disappoint you, law students and alumni, but Charleston School of Law is moving forward with its plans to sell out to the InfiLaw System. [Post and Courier]

    * Who’s bad? Not AEG Live. A jury made up of people unable to answer yes or no questions during the reading of the verdict found that the concert promoter wasn’t liable in Michael Jackson’s death. [CNN]

    0 Comments / / Oct 3, 2013 at 9:03 AM
  • Networking

    Biglaw, Law Firm Mergers, Legal Ethics, Partner Issues, Partner Profits

    Be Afraid, Be Verein Afraid

    Are some law firms that use the verein structure running afoul of legal ethics rules against fee splitting?

    12 Comments / / Oct 1, 2013 at 4:28 PM
  • law-firm-mergers RF

    Biglaw, Law Firm Mergers, Partner Issues, Sonnenschein

    Law Firm Merger Mania: Dentons And McKenna Long Are Talking

    How big would the combined entity be? Very big….

    5 Comments / / Oct 1, 2013 at 1:37 PM
  • Amanda Knox

    Biglaw, Crime, David Boies, Federal Government, Gay Marriage, Health Care / Medicine, Law Firm Mergers, Law School Deans, Law Schools, Morning Docket, Murder, Ted Olson

    Morning Docket: 10.01.13

    * “The multimillion dollar question is: Is it going to happen and for how long?” Surprisingly, health care attorneys from large firms are being quite blasé about the Congressional battle over Obamacare. [Blog of Legal Times]

    * The 2013 Global 100 is out, and with an 8.6 percent growth in revenue, DLA Piper was able to really show the world the benefits of churning that bill, baby! We’ll have more on this news later today. [American Lawyer]

    * This is getting exhausting: Dentons, the three-way merger product of SNR Denton (a merger product itself), Salans, and Fraser Milner Casgrain, is in talks with McKenna Long & Aldridge for yet another merger. [Am Law Daily]

    * The director of the Commodity Futures Trading Commission’s enforcement unit will be stepping down to spend time more with family. The countdown until he returns to Skadden Arps starts now. [DealBook / New York Times]

    * Ted Olson and David Boies, perhaps more commonly known these days as the gay marriage dream team, will be working together to challenge Virginia’s ban on marriage equality. [National Law Journal]

    * Should law school be two years long? Kyle McEntee of Law School Transparency (3 points) is beating the pants off Northwestern’s dean (-4 points) in this debate. [Debate Club / U.S. News & World Report]

    * If you’re still considering applying for law school despite all of the warnings seen here and elsewhere, then you’ll probably want to follow this advice. [Law Admissions Lowdown / U.S. News & World Report]

    * The Italian Court of Appeal is retrying Amanda Knox of a crime she’s already been convicted and acquitted of, and the chances she’ll be extradited if convicted again are slim to none. Buon lavoro. [CNN]

    3 Comments / / Oct 1, 2013 at 9:15 AM
  • gradenfreude

    Akin Gump, Biglaw, Federal Judges, Law Firm Mergers, Money, Morning Docket, Student Loans, Women's Issues

    Morning Docket: 09.23.13

    * Will adjudicate for food? With a little more than one week until the end of the fiscal year, the federal judiciary is facing down a “worst-case scenario” with respect to its budget. [National Law Journal (sub. req.)]

    * An unremarkable percentage of firms are led by women lawyers, but Kim Koopersmith of Akin Gump awaits a day when being a first woman in law won’t be “newsworthy.” [Capital Business / Washington Post]

    * Law firm merger mania, Heartland edition: Stinson Morrison Hecker did the do-si-do with Leonard Street & Deinard and will promenade home as Stinson Leonard Street in January. [WSJ Law Blog (sub. req.)]

    * Hearts are breaking on either side of the nationwide same-sex marriage debate, and county clerks are bearing the brunt of all the complaints. When will all states “bit[e] the bullet” and legalize it? [Reuters]

    * “The last time I went into court, I was wearing something that I got at Goodwill.” It turns out even geniuses are stupid enough to rack up hundreds of thousands of dollars in law school debt. [Los Angeles Times]

    2 Comments / / Sep 23, 2013 at 9:10 AM
  • Hope the football makes up for the unemployment.

    Alston & Bird, Biglaw, Celebrities, Facebook, Federal Judges, Law Firm Mergers, Law Schools, Morning Docket, Musical Chairs, Police, Privacy, Racism, Ted Frank

    Morning Docket: 08.13.13

    * In the latest round of musical chairs, Skadden Arps managed to scoop up products liability queen and top woman litigator Lisa Gilford from Alston & Bird. Congratulations! [The Recorder (sub. req.)]

    * Is merger mania a thing of the past? With pocketbooks tighter than ever, “pseudo-mergers” are starting to look great. No one will complain about more lawyers with less liability. [Legal Intelligencer]

    * Man, it’d be great if you could represent plaintiffs in a class action suit and keep all of the settlement funds without having to pay your clients a cent. Oh wait, you can actually do that? [New York Times]

    * “It shows he’s adventuresome and he’s got good taste.” Peter Zimroth, the lawyer appointed to oversee the reform of the NYPD’s stop-and-frisk policies, married very, very well. [Wall Street Journal (sub. req.)]

    * The ABA approved Texas A&M’s acquisition of Texas Wesleyan’s law school. Hello to the Texas A&M Johnny Football School of Law! We hope to see the Heisman of employment stats. [National Law Journal]

    * A judge says the woman who sued Paula Deen for racial discrimination was nothing more than an “accidental victim.” And like that, her race-based claims have melted away like butter, y’all. [ABC News]

    3 Comments / / Aug 13, 2013 at 9:14 AM
  • Sarah Jones

    Akin Gump, Biglaw, D.C. Circuit, Defamation, Department of Justice, Insurance, Job Searches, Law Firm Mergers, Morning Docket, Plaintiffs Firms

    Morning Docket: 07.09.13

    * Akin Gump partner Patricia Millett is willing to take a whopping pay cut to serve on the D.C. Circuit — from $1MM to $184K — and for that alone she should be confirmed ASAP. [National Law Journal]

    * With the number of law firm mergers in the last six months alone, we’re on a “potentially record-setting pace” for 2013. Hey, look at it this way: it’s cheaper than hiring and firing laterals. [Am Law Daily]

    * Three years later, the epic litigation between Debevoise & Plimpton and a former client continues to rage on. Now, allegations are being tossed around about a partner’s behavior. [New York Law Journal]

    * According to the Bureau of Labor Statistics, in June, the legal industry lost more jobs than it has in a single month since June 2011. Congrats, Class of 2013! welcome to the real world. [Am Law Daily]

    * In its defense, Standard & Poor’s claims its ratings were puffery, and that no reasonable investor would rely on them. Aww, poor widdle “sophisticated consumers of [investment information].” [Bloomberg]

    * For those of you practicing personal injury law in New York, this case is a bombshell. If you want to put the whole insurance industry on trial, follow the action here. [New York Personal Injury Law Blog]

    * Sarah Jones, the ex-cheerleader who sued for defamation, was back in federal court yesterday for the beginning of her case’s retrial. What a way to start an engagement. [ABC News]

    2 Comments / / Jul 9, 2013 at 9:06 AM
  • quiet shush LF

  • Ruth bader Ginsburg young

    Biglaw, Books, Husch Blackwell, Insider Trading, Job Searches, Law Firm Mergers, Law Schools, Non-Sequiturs, Politics, Ruth Bader Ginsburg, SCOTUS, Supreme Court, Texas, Women's Issues

    Non-Sequiturs: 06.19.13

    * I’ll get into this more tomorrow (unless Fisher drops), but Washington & Lee’s third year “experiential learning” program has met with underwhelming results in terms of job placement. Theories abound as to why, but this is basically why I say (a) the third year is useless, and (b) stop telling me what your law professors can do, and start telling me what your career services officers are doing. [Tax Prof Blog]

    * I guess they didn’t like the way they looked. [Yahoo Finance]

    * Hey, it’s another article beating up on Don Verrilli. I’m going to be really happy for him when he leaves, makes a ton of money, and sticks it all in his ears. [Forbes]

    * An insider trading loophole big enough to drive a material non-public truck through it. [Dealbreaker]

    * Husch Blackwell gets bigger in Texas. [Kansas City Star]

    * Roy Cho, the Kirkland & Ellis associate currently running for Congress, gets a coveted endorsement — from the Wu-Tang Clan! []

    * A nice review for Marcia Coyle’s new book, The Roberts Court (affiliate link). It’ll be fun to see how the Court looks at this moment in time, before what will surely be viewed as legacy-defining decisions on race and gay rights coming any minute now. [Seattle Times]

    * Justice Ginsburg is optimistic about the future of women on the court. She’s also optimistic about the future of skeletons on the court, and she’s super-excited about the possibility of downloading her brain into a robotic body so that she can keep her job forever. [Blog of the Legal Times]

    1 Comment / / Jun 19, 2013 at 5:41 PM
  • Kamala Harris

    Barack Obama, Biglaw, Law Firm Mergers, Law Professors, Law School Deans, Law Schools, Midsize Firms / Regional Firms, Morning Docket, Politics, Sandra Day O'Connor, SCOTUS, Supreme Court, William Rehnquist

    Morning Docket: 04.05.13

    * If President Obama could send a love note to California Attorney General Kamala Harris, it’d probably say something like this: “Girl, you look good. Won’t you back that ass up?” [ABC News]

    * The fun things you learn during a Supreme Court justice’s book tour: apparently Sandra Day O’Connor dated William Rehnquist when they were at school together at Stanford Law. [Legal Times]

    * When it comes to law firms, size really does matter. Quite a few midsize firms had the urge to merge in the first quarter of 2013, according to the latest Altman Weil survey. [Am Law Daily]

    * In case you haven’t heard the news by now, NYU Law School has a new dean, and he was poached fresh from Columbia. The bonus here is that he’s actually pretty cute. We’ll have more on this story later today. [NYU Law News]

    * Law faculties may be a tad too liberal, say some at Harvard Law School, which is basically a bastion of leftie law professors. Cut to Ted Cruz muttering about Commies under his breath. [USA Today]

    * Here’s an obvious protip that may not be obvious to 0Ls: if you’re going to ask for a recommendation letter, you should probably make sure that it’s going to be a positive one. [U.S. News & World Report]

    11 Comments / / Apr 5, 2013 at 9:05 AM
  • Edwards Wildman logo

    Biglaw, Cozen O'Connor, Duane Morris, Edwards Angell Palmer & Dodge, Edwards Wildman, Lateral Moves, Partner Issues, Partner Profits

    What’s Going on at Edwards Wildman Palmer?

    How are things going over at Edwards Wildman, the entity created by the 2011 merger of Edwards Angell and Wildman Harrold? Not so well, say some….

    14 Comments / / Apr 4, 2013 at 11:15 AM
  • women-lawyers

    Biglaw, Boutique Law Firms, Clarence Thomas, Gay, Gay Marriage, Gender, Law Firm Mergers, Law Schools, Morning Docket, Partner Issues, SCOTUS, Securities Law, Supreme Court, Women's Issues, You Go Girl

    Morning Docket: 04.03.13

    * Some Supreme Court analysts are speculating that Justice Clarence Thomas could cast a vote to overturn the Defense of Marriage Act, but at this point, that’s just about as likely as him speaking during oral arguments. [Talking Points Memo]

    * When a practice group laterals out of a firm en masse, you know things were probably going on behind the scenes for a while. Apparently Bingham’s securities enforcement crew was in very high demand by other Biglaw firms. [Am Law Daily]

    * Hot on the heels of a merger ménage à trois, Dentons (fka SNR Denton) is already eyeing new growth possibilities across the globe. Guess they’re down with orgies now… [WSJ Law Blog (sub. req.)]

    * “Clients don’t hire us because of our sex. They hire us because we win.” This, from Hillary Richard, one of the female name partners of a largely all-female firm. You go girl! [DealBook / New York Times]

    * Silly Cooley, a “second-tier” law school by any other name would smell as stank. Our nation’s second-best law school is considering a union with Western Michigan University. [National Law Journal]

    5 Comments / / Apr 3, 2013 at 9:06 AM
  • Pillsbury's so lonely these days.

    B for Beauty, Biglaw, Crime, Election Law, Federal Judges, Guns / Firearms, Hotties, Jeffrey Toobin, Law Firm Mergers, Law Schools, Money, Non-Sequiturs, Videos, YouTube

    Non-Sequiturs: 01.14.13

    * “Without the formation of character, the rest is futile.” An Article III judge’s take on the law school crisis. [Simple Justice] * Because nobody likes sloppy seconds, the merger talks between Pillsbury Winthrop and Dickstein Shapiro are now off the table. [Thomson Reuters News & Insight] * David Tresch, an ex-Biglaw CIO, was indicted […]

    4 Comments / / Jan 14, 2013 at 5:29 PM
  • Best job ever?

    Bloomberg, Gay, Gay Marriage, Gender, Job Searches, Law Firm Mergers, Law Schools, Non-Sequiturs, SCOTUS, Supreme Court, Texas, Women's Issues

    Non-Sequiturs: 01.11.13

    * Go to BuzzFeed to see pictures of cute animals, or go to BuzzFeed to see some quality journalism — like Chris Geidner’s profile of Edith Windsor, plaintiff in one of the landmark gay-marriage cases before the Supreme Court. [BuzzFeed]

    * “A python is fairly dangerous. There’s definitely a turn-on about hunting something carnivorous that could, in theory, eat you,” says the NYU law student heading to Florida to hunt pythons for prize money. [Bloomberg]

    * Looking for work? It’s time to head south, before everyone else does. Word is starting to get out about Texas, which boasts a low cost of living, no state income tax, and jobs — yes, actual freaking jobs. [Instapundit]

    * But there’s no shortage of jobs in the housewife sector. If that’s what you want to do, then be fruitful, multiply, and remove your résumé from consideration at the jobs you’ve unwillingly applied to. [The Careerist]

    * Although a reference from this century would’ve been appreciated, both Lat and Elie agree that I’m pretty damn great at “mak[ing] everything be okay.” Where’s a cute hat to toss when you need one? [Law and More]

    * Lat sometimes dabbles in Biglaw predictions (despite the risks of being wrong). If you’re interested in seeing more, watch him in this interview with Lee Pacchia of Bloomberg Law….

    9 Comments / / Jan 11, 2013 at 5:15 PM
  • Pro bono for clients, but not for students.

    American Bar Association / ABA, Biglaw, Deaths, Dewey & LeBoeuf, Guns / Firearms, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 12.18.12

    * Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]

    * Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]

    * Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]

    * Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]

    * Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]

    * Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]

    5 Comments / / Dec 18, 2012 at 9:02 AM