Law Firm Mergers

  • Morning Docket

    Morning Docket: 11.30.15

    * While you were feasting upon turkey this Thanksgiving, Dentons — otherwise known as the largest Biglaw behemoth in the world — was busy gobbling up yet another law firm. The megafirm will combine with 33-lawyer OPF Partners out of Luxembourg. [WSJ Law Blog]

    * According to a survey from AlixPartners, over the past 12 months, GCs have reported more “bet the company” lawsuits compared to last year. Don’t get too excited, though, because growth in litigation spend hasn’t quite caught up yet. [Big Law Business / Bloomberg BNA]

    * You really can do anything with a law degree — including things that have absolutely nothing to do with the law! Patrick Hobbs, dean emeritus of Seton Hall Law, has been tapped to become the athletics director at Rutgers University. [NJ Advance Media]

    * What would happen if one of the largest publicly traded plaintiffs firms in the world went under? Ever since its stock price plummeted by 52 percent, industry analysts have started to wonder whether Slater & Gordon is on the verge of collapse. [ABC News]

    * In the wake of the defacement of black faculty portraits and the administration’s apparent “ongoing failure” to address racism on campus, Harvard Law alumni are being asked to stop making donations to the school until changes are made. [Boston Globe]

    * One of 92-year-old Sumner Redstone’s exes filed a probate suit questioning his mental competence and ability to run Viacom and CBS. His attorney from entertainment law powerhouse Loeb & Loeb essentially called her client’s ex a gold digger. [CNBC]

  • Morning Docket

    Morning Docket: 11.16.15

    * DraftKings and FanDuel aren’t going to take a knee and allow New York Attorney General Eric Schneiderman to rip away their gamblers clients. Both daily fantasy sites have refused to stop conducting business in New York, and have instead filed suit against Schneiderman with some hefty Biglaw backing. [WSJ Law Blog]

    * During a recent speaking engagement at the University of St. Thomas School of Law, Justice Antonin Scalia explained why he writes such scathingly quotable dissents: “I’m writing dissents mainly for you guys—for law students. I know it will be in the casebooks.” [University of St. Thomas NewsRoom]

    * SCOTUS granted cert in a challenge to Texas abortion laws, and some wonder how this decision will affect other states’ laws. If the justices don’t think these restrictions represent an undue burden, then women may as well hang up their ovaries and go home. [Reuters]

    * We’ll have to rely on old faithful, Justice RBG, to raise the torch for women. She recently sat down for tea with Gloria Steinem to discuss women’s rights. “Ruth is better at getting along with people with whom we profoundly disagree,” says Steinem. [New York Times]

    * The “least sexy” part of a merger? If you want to know what took the Dentons / Dacheng merger so long to be formalized, Dentons CEO Elliott Portnoy says it had to do with website, logo, communications, and marketing issues. [Big Law Business / Bloomberg]

  • Morning Docket

    Morning Docket: 11.03.15

    * For the horde! If you thought Dentons was done gobbling up law firms to create its international legion of lawyers, then you were dead wrong. The firm will likely merge with 500-lawyer Australian firm Gadens and 200-lawyer Singaporean firm Rodyk & Davidson in 2016. [Reuters]

    * Thanks to this ruling, lawyers for model Janice Dickinson may depose Bill Cosby in the defamation case she filed against him after he denied raping her. Cosby’s former lawyer, Martin Singer, who the comedian recently dumped for Quinn Emanuel, may be deposed as well. [Los Angeles Times]

    * If daylight saving time has been messing with your head, you’ll feel better to know that even the Supreme Court was having trouble with the time. Both clocks in the SCOTUS courtroom were hours behind thanks to an electrical malfunction. [WSJ Law Blog]

    * Law school graduates have been having a rough time when it comes to bar passage in recent years, but Biglaw firms likely have nothing to worry about — in fact, many partners didn’t even know a problem like this was happening. [Big Law Business / Bloomberg BNA]

    * “[T]he Harvard crest . . . should be a source of shame for the whole school.” According to a student movement at Harvard Law that’s been dubbed “Royall Must Fall,” the school was endowed by a “brutal” slaveowner and yet still bears his family’s seal. [Harvard Crimson]

  • Morning Docket

    Morning Docket: 10.30.15

    * “Say you’ll remember me, getting groped in a nice dress…” Uh oh! This pop star seems pretty pissed! Taylor Swift has filed a countersuit against a radio DJ who sued her because he claims he was fired for inappropriately touching the singer backstage at a concert. [Rolling Stone]

    * Charleston School of Law has a new president, and hopefully his tenure will be less wrought with disaster than that of his predecessors. He says he’ll be paid one whole dollar per year as his salary until he can turn things around. [Charleston Post and Courier]

    * At a speaking engagement at Santa Clara Law earlier this week, Justice Antonin Scalia proclaimed that the Supreme Court has been “liberal” throughout the entirety of his 30-year tenure. We’d like to beg His Honor’s pardon; that can’t be true. [WSJ Law Blog]

    * As this article so eloquently puts it, “[t]he Supreme Court is about to climb back into Americans’ bedrooms.” Today, the high court will review several petitions from non-profit groups that want to be exempted from ACA’s contraception mandate. [USA Today]

    * Everything’s bigger in Texas, including the number of firms that are trying to enter the market. To establish a presence in the Lone Star State, Kilpatrick Townsend & Stockton is saying howdy to some new partners and merging with Crouch & Ramey. [ABA Journal]

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  • Morning Docket

    Morning Docket: 10.06.15

    * While we’re loath to continue giving this woman airtime, it turns out that infamous Kentucky clerk Kim Davis’s law firm, Liberty Counsel, was recently declared a hate group by the Southern Poverty Law Center. This fits the overall narrative here quite nicely, don’t you think? [Salon]

    * After 12 days of deliberation, the jury in the criminal trial of Dewey & LeBoeuf’s former execs has shown no signs of reaching a verdict, but instead, signs of exhaustion. In fact, one juror needed medical attention because she deliberated too hard. [Am Law Daily]

    * This seems to be a common phrase lately: law firm mergers are breaking records again. Altman Weil says more firms announced mergers in the first three quarters of 2015 than in the first three quarters of any year in almost a decade. [Big Law Business / Bloomberg]

    * “I was left to reflect on what I would want in the face of my own death.” Thanks to Governor Jerry Brown, California is now the fifth state to legalize physician-assisted suicide. The End of Life Option Act will take effect sometime in 2016. [Los Angeles Times]

    * If you’re an undergraduate student who’s planning to go to law school, then you better be building relevant lawyering skills. Master the art of bullsh*tting before you graduate and you’ll be ahead of the game. [Law Admissions Lowdown / U.S. News & World Report]

  • Morning Docket

    Morning Docket: 08.26.15

    * Melvin Feliz, husband of Keila Ravelo, the partner who allegedly bilked Hunton & Williams and Willkie Farr out of millions to lead a life of luxury, pleaded guilty in the fraud case brought against him. Is she a prospective Real Housewife of Cellblock D? [Bergen Record]

    * Sorry, Southwest passengers, but the Seventh Circuit says you’re stuck with your free drink vouchers, and the lawyers who represented you in this class-action suit are stuck with their $1.65 million. No one is happy up in the unfriendly skies. [Associated Press]

    * China’s economy may be on the brink, but that doesn’t matter to Dentons. The firm is as happy as ever about its proposed merger with Dacheng because it really wants a horde of lawyers, so it’s gonna get one. It’s “almost absurd” to think otherwise. [Am Law Daily]

    * As we mentioned yesterday, lawyers work too damn much — so much, in fact, that they’re quitting their Biglaw jobs, starting competitor practices, and poaching talent from top firms by offering them a sense of work-life balance. [Harvard Business Review]

    * Kevin Fagan, perhaps better known as Juror 83 in the Dzhokhar Tsarnaev trial, is speaking to the media about his experience, and says he might’ve changed his death penalty vote if he had known the youngest victim’s parents opposed it. [WSJ Law Blog]

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  • Morning Docket

    Morning Docket: 07.28.15

    * Despite the fact that the 25/75 percentile LSAT range for many law schools has dropped precipitously, some schools still care about LSAT scores — because they care about you (and their U.S. News rank). [Law Admissions Lowdown / U.S. News]

    * Maryland Law and Baltimore Law are going to be teaming up to launch a solo practice incubator for their recent graduates, and BC, BU, and Northeastern will be doing the same thing in 2016. Full-time, long-term jobs where bar passage is required for all! [National Law Journal]

    * The Dacheng Dentons merger has the potential to completely change the legal profession as we know it, or fall flat on its face and be remembered as a good idea that went wrong. It’s been six months, and we’re all still waiting to see what happens. [Financial Times]

    * The criminal case against ex-Goldman Sachs programmer Sergey Aleynikov is like the Energizer bunny in that it keeps going, and going, and going, and going. Manhattan DA Cy Vance is appealing Aleynikov’s overturned conviction. [DealBook / New York Times]

    * “The unfortunate scenario alleged in the complaint cries out for a legislative fix, not a judicial nix.” As expected, terminally ill civil rights attorney Christy McDonnell’s right-to-die lawsuit was dismissed by a California judge yesterday. How depressing. [AP]

  • Morning Docket

    Morning Docket: 07.22.15

    * “Mamas, don’t let your babies grow up to be cowboys potheads.” Country singer-songwriter and OG stoner Willie Nelson says marijuana will be legal in all 50 states within the next decade. Who knows, maybe his cannabis-crazed dreams will come true. [San Antonio Express-News]

    * Where do lonely hearts go? To court. This ex-Illinois Law student was accused of stalking a classmate and barred setting foot on campus for a two-year time period. A new trial was ordered, and now he may be able to graduate. Yay? [National Law Journal]

    * Law firms of all sizes are merging at a record pace, but that doesn’t mean that it’s going to continue like this ad infinitum. Eventually, all of the fun is going to stop, and it’ll likely because there isn’t any more profitability to be had for these firms. Womp. [Am Law Daily]

    * Corporate legal departments are pushing for more diversity among their ranks, with companies like Xerox leading the way. NAPABA is hopeful that we’ll see 20 Asian-American lawyers as general counsel of Fortune 500 companies by 2020. [WSJ Law Blog]

    * For a man who wanted to “get rich or die tryin,” things don’t seem to be working out so well: Bankrupt rapper 50 Cent was busy denying ownership of many of his luxury items in court this week. He says he rents, borrows, and leases most of his bling. [Associated Press]

  • Morning Docket

    Morning Docket: 07.07.15

    * Vikram Amar, the incoming dean of the University of Illinois College of Law, says that he demanded a pay cut before taking the job to help make legal education more affordable for students. The piddling amount of money he’ll be sacrificing will absolutely infuriate you. [WSJ Law Blog]

    * When law firms break up and partners attack, it can sometimes be pretty entertaining (and a little sad, all at the same time). In this case, former partners have accused each other of being mentally unstable and going online shopping for hours instead of practicing law. [Daily Business Review]

    * In case you don’t remember the law school lawsuits about deceptive employment stats, some of them are still alive and kicking. One of the last surviving suits against Widener Law was recently denied class certification. [New Jersey Law Journal via ABA Journal]

    * Per Altman Weil MergerLine, 2015 is on pace to be a record year for law firm mergers. Statements like this have been made since the recession, but this time, it’s the highest number of mergers recorded in the company’s history. [Crain’s Cleveland Business]

    * According to the latest data from the Bureau of Labor Statistics, the legal sector lost 800 jobs in June. That’s not exactly a comforting thought for those of you who are studying for the bar exam and don’t have a job lined up yet. [Big Law Business / Bloomberg BNA]

  • Morning Docket

    Morning Docket: 06.30.15

    * Which Biglaw firm is going to be changing up the way that it recruits new attorneys? That would be Quinn Emanuel. It’s planning to majorly scale back on summer associates and do something completely different. We’ll have more on this news later today. [WSJ Law Blog]

    * An undergrad who once had high hopes for law school decided to ditch his legal aspirations in favor of stand-up comedy. His mom is mad since it’s a “path that has no specific stability.” She obviously hasn’t read up on law school job stats lately. [Indy Channel]

    * Justice Kennedy should consider trading in his robes for a superhero’s cape, because he just swooped in to the rescue, again. With a 5-4 vote, SCOTUS stayed the Fifth Circuit’s decision regarding the closure of the majority of abortion clinics in Texas. [NPR]

    * Damn you, Dewey leaders! Per recent testimony in the criminal trial of the failed firm’s former top brass, but for news of the criminal probe spreading like wildfire throughout the profession, D&L could’ve merged with any number of firms to save itself. [Am Law Daily]

    * Some pretty major firms think they have better things to spend their Biglaw bucks on than donations to legal aid organizations. Only five firms were willing to publicly disclose more than $1 million in donations. [DealBook / New York Times via American Lawyer]