Law Firm Mergers
* According to the results of the latest Citi Private Bank Law Firm Group survey, law firm managing partners are slowly but surely growing more confident with how the legal industry is turning out as time goes by. Hooray! [Am Law Daily]
* For what it’s worth, Ben Edelman’s threatening emails to Sichuan Garden weren’t his first time at the rodeo of douchebaggery. A few years back, the Harvard-educated lawyer sent similar emails to a sushi restaurant. Fun times. [Boston.com]
* The American Bar Association would like to know what you think the most successful law firm merger in history is. There are so many fantastic failures to rule out, but so few true triumphs in comparison. What’re your thoughts? [ABA Journal]
* The Senate has delayed the confirmation of Michelle Lee as the director of the U.S. Patent and Trademark Office until next year. Thus far, Lee’s would-be position has been open for almost two years. Wow, way to go, slowpokes. [Corporate Counsel]
* Started from the bottom now we’re here: this lawyer started out in the records department of his firm, and now, after 15 years of working there as an employee, he’s going to become a partner. Congratulations, dude! [Tex Parte Blog / Texas Lawyer]
* There are 3 types of logic games on the LSAT, and more power to you if you’re able to whiz your way through them. If you suck at logic games, learn how to conquer the mathiest part of the test. [Law Admissions Lowdown / U.S. News & World Report]
Edwards Wildman is no stranger to mergers, but this tie-up with Locke Lord could be different.
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* “[I]t’s hard to find anybody as handsome as Antonin Scalia.” Some would beg to differ, but as it turns out, legal scholar Bryan Garner can brown-nose with the best of them. [WSJ Law Blog]
* In a lawsuit filed against real estate database Zillow, a former employee claims she was subjected to the “most heinous acts of sexual harassment imaginable” and “sexual torture.” That’s just lovely. [LAist]
* Law firm merger activity is still going strong as 2014 winds down to a close. Aside from big-name tie-ups like Bingham / Morgan Lewis and Locke Lord / Edwards Wildman, other firms like Verill Dana also had the urge to merge. [Am Law Daily]
* “Does it really surprise me? Not all that much.” University of Memphis School of Law students are on high alert during finals time after one of their own was almost robbed at gunpoint across the street from campus this week. Yikes. [WMC Action News 5]
* In case you’ve been sleeping under a rock, Above the Law’s managing editor, David Lat, wrote a book called Supreme Ambitions (affiliate link), and it’s been receiving rave reviews. If you dig clerkship lit, you should try to check it out. [National Law Journal]
When will the merger go into effect, and how big will the post-merger firm be?
How many legal professionals from Bingham are being allowed aboard the Morgan Lewis lifeboat — and on what terms?
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* When Loretta Lynch still worked at Hogan & Hartson (now known as Hogan Lovells thanks to a merger), her colleagues described her as a warm person without “a political bone in her body.” That said, best of luck to her in D.C. [National Law Journal]
* The D.C. Circuit upheld the Affordable Care Act’s contraceptive opt-out plan for religious employers, but since “[t]he court is wrong,” we can count on a at least a few organizations that’ll refuse to comply. Gee, thanks a lot, Obama. [WSJ Law Blog]
* Some call the latest Biglaw tie-up “law-firm Darwinism,” but hey, “[i]t’s not like [Bingham’s] a wounded gazelle and we are pouncing on them,” says a too coy Morgan Lewis lawyer. [Philadelphia Inquirer]
* Fashion law may be a $985 billion global industry, but only five law school courses on the topic exist in the U.S. Why? “There’s no defensible reason except that fashion is perceived as a frivolous subject.” [AFP]
* This woman plans to appeal a $1 billion divorce settlement award because it’s not “fair and equitable.” In her defense, she did get a very small percentage of her ex-husband’s multibillion-dollar wealth. [People]
* Wage and hour laws have never been so sexy: Thanks to this court ruling, Rick’s Cabaret is going to have to make it rain on thousands of strippers to the tune of more than $10 million. [New York Times]
* Loretta Lynch, America’s would-be attorney general, has been flying under the radar for years, and now senators are searching to find something, anything at all really, that could possibly be wrong with her. [Legal Times]
* “[T]his is the best period of time that we have seen in a long time.” According to Wells Fargo Private Bank’s Legal Specialty Group, Biglaw’s revenue, hours, and profits all rose in the first nine months of 2014. Nice work! [Am Law Daily]
* Biglaw mergers and acquisitions are now on pace to meet or beat last year’s record, and company legal departments are pretty pissed off about it, especially since “[l]arge firm views on conflicts [tend to] drive [GCs] crazy.” [Reuters]
* Retired Supreme Court Justice Sandra Day O’Connor attended the groundbreaking of Arizona State Law’s new campus, and even shoveled some dirt in honor of the school named after her. [Arizona Republic]
* What’s the price on being blackballed? Condé Nast settled its unpaid intern class-action lawsuit yesterday for $5.8 million, which will result in $700 to $1,900 payouts per aggrieved intern. [Fashionista]
* Look, ma, no Justice Kennedy! Over the dissent of Justices Scalia and Thomas, the Supreme Court quickly lifted its earlier stay on allowing same-sex marriages to go forward in Kansas. [USA Today]
* Sources say were it not for Bingham McCutchen’s malpractice settlement with the former owner of the Dodgers, Morgan Lewis would’ve walked away from the potential merger deal. #blessed [Am Law Daily]
* Mathew Martoma, the would-be lawyer who was expelled from Harvard Law for faking his transcripts, was denied his bid for bail pending appeal on an insider trading conviction. [DealBook / New York Times]
* Up, Up, Down, Down, Left, Right, Left, Right, B, A, Start: The ex-general counsel to Occulus VR started his own firm and angel investment company to address the needs of video game companies. [Gamasutra]
* New York is holding off on adopting the Uniform Bar Exam, at least for a little while longer, mostly because “the[re] is just not enough turnaround time to do it for July ’15.” Hooray? [New York Law Journal]
* With all this net neutrality talk, one of the biggest fans of the cause is Justice Antonin Scalia. He may not be tech-savvy, but he may yet save the internet. [National Law Journal]
* And the partners rejoiced? Bingham McCutchen approved a Morgan Lewis merger, and now the firm waits for its valiant rescuer to ride in upon its trusty steed. [WSJ Law Blog]
* A new study says the way to close the law school gender gap is to adopt gradeless grading policies similar to those of top law schools. Honors for everyone, yay! [Stanford News]
* LSAT prep company Test Masters Educational Services Inc. — not to be confused with TestMasters — must pay about $927K in legal fees, because as it turns out, some people were confused. [Legal Times]
* A Texas state representative submitted a bill calling for a new law school in the Rio Grande Valley because there aren’t enough lawyers there. Unemployed lawyers, you know what to do. [Action 4 News]
Law firm mergers are often bad ideas; if you’re going to do one, do it right.
Anna Nicole Smith, Attorney Misconduct, Biglaw, California, In-House Counsel, Law Firm Mergers, Law Schools, Legal Ethics, Marijuana, Morning Docket, Partner Issues, Politics, Sexual Harassment, State Judges, State Judges Are Clowns, You Go Girl
* Bingham McCutchen canceled its partnership retreat, and their partner offer letters from Morgan Lewis must be accepted by today’s deadline — all while a prospective merger currently hangs in the balance. [Am Law Daily]
* Per Altman Weil’s 2014 Chief Legal Officer Survey, the work at in-house legal departments is about to grow exponentially, while the spend on outside counsel will decrease in turn. Uh oh, no bueno. [Corporate Counsel]
* “The attempt to have the defendant have any kind of humility has failed.” Due to “unsatisfactory” apologies to state employees, former judge Joan Orie Melvin will have to re-apologize for her crimes. [Pittsburgh Post-Gazette]
* “A troubled law school is like Dracula: hard to kill.” In the wake of the Thomas Jefferson School of Law’s debt restructuring, it’s now obvious that law schools aren’t worth much at all. [DealBook / New York Times]
* Republicans are now in control in both the House and the Senate, but fear not, because the nation’s capital just legalized marijuana. That’ll help calm down the depressed D.C. Democrats out there. [CNN]
* Though it’s unlikely, thanks to this ruling, Anna Anna Anna Anna Anna Nicole’s lawyer/lover could be retried for allegedly giving illegally obtained prescriptions to the drug-addled model. [National Law Journal]
* Tinder’s cofounder apparently made a killing on her sexual harassment settlement with the company. Though no one admitted guilt, she reportedly took home “just over” $1M. Get it, girl. [Business Insider]
Biglaw, Edwards Angell Palmer & Dodge, Edwards Wildman, Intellectual Property, Lateral Moves, Law Firm Mergers, Locke Liddell & Sapp, Locke Lord, Locke Lord Bissell & Liddell, Musical Chairs, Partner Issues, Partner Profits, United Kingdom / Great Britain
Who is leaving Edwards Wildman, and what implications might this have for the Locke Lord transaction?