Law Firm Mergers

  • Morning Docket: 10.21.16
    Morning Docket

    Morning Docket: 10.21.16

    * Rhonda Crawford, the Illinois law clerk who allegedly posed as a judge and was running unopposed for her own judgeship, was indicted for her judicial impersonation. Crawford does not intend to drop out of the race for a seat on the bench, despite the state bar ethics commission seeking to suspend her license to practice. [Chicago Tribune]

    * London firms CMS and Olswang are merging with international firm Nabarro for a three-way combination that’s set to close in May 2017 and operate under the name CMS Cameron McKenna Nabarro Olswang, but rumor has it an American firm wants to get in on the action. Will Hunton & Williams join in for four-way fun? [The Lawyer]

    * “[M]aybe Republicans can stop with the 60-something repeal votes they’ve taken … and just work with the next president to smooth out the kinks.” President Obama hopes that maybe when his second term in the White House is over, his signature healthcare law can be fixed. He doesn’t even care if they change its name to “Reagancare.” [Reuters]

    * “The panic is starting to set in. Those who have a lot of interests at stake need to do work now.” Lawyers across the pond are poised for a profitable 2017 thanks to people scrambling for legal advice following Brexit, but those billables won’t last forever; after all, lawyers aren’t “immune to a broader economic slowdown.” [Big Law Business]

    * More law schools are partially or completely covering bar exam preparation costs for their students, but with pass rates plummeting across the nation, you must be curious if this trend has had any positive effect. It worked for Loyola New Orleans and Southern University, whose pass rates for first-timers increased quite a bit. [ABA Journal]

  • Morning Docket: 10.11.16
    Morning Docket

    Morning Docket: 10.11.16

    * As we previously mentioned, London-based firms CMS and Olswang and international firm Nabarro were considering entering into a merger. Partners at all three firms have officially voted in favor of the merger, which will close in May 2017. The new firm will operate under the CMS name. We’ll have more on this later. [Legal Week]

    * “The infringement has been affirmed, now it’s whether this huge judgment should be affirmed.” In the Supreme Court’s first design patent case in more than 120 years, Samsung will face off against Apple today, where the smartphone companies will duke it out over how much Samsung should have had to pay for copying the iPhone. [Reuters]

    * “Justice [Ruth Bader] Ginsburg no longer needs to worry about whether she seems threatening to the Court. She is the Court.” A new linguistics research study tells us what we can learn from Justice Ginsburg’s accent as a lawyer versus her accent as a Supreme Court justice, and how all lawyers make accommodations in their speech. [TIME]

    * By edict of a federal court — and over Governor Rick Scott’s objections — Florida’s voter registration deadline has been extended to 5 p.m. Wednesday thanks to Hurricane Matthew’s interference with last-minute sign-ups. Florida’s Democratic Party alleged many voters would be “severely burdened” by the hurricane’s effects. [CNN]

    * Sorry, social justice warriors: Harvard Law 1Ls wanted to feed the university’s striking dining services workers at their sections’ social committee events, but Dean Marcia Sells shut down their plans, saying it “does not seem to make sense for us to encourage … students to bring in food to feed workers who are on strike.” [The Concourse / Deadspin]

  • Morning Docket: 10.07.16
    Morning Docket

    Morning Docket: 10.07.16

    * “He has always said he’s given to politicians his entire career and he thinks the system is broken. A review of Donald Trump’s political donations show that the Republican presidential candidate has made campaign contributions to several to state attorneys general while they weighed decisions affecting his business, particularly in New York. What’s that about a “rigged” system? [Wall Street Journal]

    * Carl Ferrer, the chief executive officer of Backpage.com, was arrested last night on in Houston, Texas, on a California warrant for criminal charges including pimping. If you recall, Backpage.com was recently in the news thanks to a Senate investigation into allegations that the site was helping to facilitate child sex trafficking. [Reuters]

    * Per a report publish by Altman Weil, law firm merger and acquisition activity was way down in the third quarter of 2016. Last year at this time, the merger market was 40 percent more active. Why are so dormant? “[F]irms are waiting on the sidelines seeing if it will all work: 6,000-lawyer law firms and that type of thing.” [Big Law Business]

    * “Congratulations to the ‘Nino’ Scalia Law School for memorializing, for celebrating this most remarkable judge and teacher.” Justices Kagan, Kennedy, Thomas, Breyer, Alito, and Sotomayor — attended the dedication for the school named after Scalia, while Chief Justice Roberts and Justice Ginsburg attended a dinner in his honor. [USA Today]

    * “If students are graduating and they can’t pass the bar, that’s a big problem.” Law schools are coming around to the fact that it’s now a buyer’s market for students, and some will even allow 0Ls to “vet” their schools to evaluate the teaching methods being used. You can even check out professors’ résumés. [U.S. News & World Report]

  • Morning Docket: 09.30.16
    Morning Docket

    Morning Docket: 09.30.16

    * According to a labor relations suit filed in 2012, Donald Trump allegedly wanted to fire female employees of Trump National Golf Club in California, who he didn’t think were pretty enough. The suit was settled without any admission of wrongdoing. [Los Angeles Times]

    * Biglaw mega-merger alert: Word on the street is that London-based firms CMS and Olswang will join with international firm Nabarro for a three-way merger that would create a combined entity with more than 3,000 lawyers. If the merger were to go through, the firm would have more than $1.5 billion in revenue. [LegalWeek]

    * According to the results of this survey, corporate counsel don’t think too highly of millennials when it comes to loyalty. Almost 70 percent of baby boomers and Gen Xers thought millennial lawyers in their legal departments would leave in less than five years, potentially causing “major problem[s]” in terms of turnover rates. [WSJ Law Blog]

    * How many women serve as lead counsel in New York state and federal courts and in mediation and arbitration? That’s what a new study being conducted by the New York State Bar Association’s Commercial and Federal Litigation Section hopes to find out, because “[o]nce you have a diagnosis, you can get to a solution.” [New York Law Journal]

    * “Something is going wrong at this bank, and you are the head of it. You should be fired.” Wells Fargo CEO John Stumpf may be forfeiting $41 million in pay, but lawmakers were still pretty darn upset with him when he testified before the House Financial Services Committee at a hearing yesterday. [DealBook / New York Times]

    * Phil C. Neal, former dean of University of Chicago Law School, RIP. [UChicago News]

  • Morning Docket: 09.06.16
    Morning Docket

    Morning Docket: 09.06.16

    * Roger Ailes hires Hulk Hogan and Melania Trump lawyer Charles Harder for a possible suit against NY Mag. [Huffington Post]

    * As expected, Haynes & Boone has merged with Curtis Davis Garrard [Texas Lawyer]

    * Berkeley’s Sujit Choudhry still coming to work amid sexual harassment claims. [ABC 7]

    * An update on the revenge porn law that’s seen over 200 prosecuted in England and Wales. [CNET]

    * Avvo defends its fixed-fee legal services after a South Carolina ethics ruling dinged the practice. [Corporate Counsel]

    * Sullivan & Cromwell tapped to make one lucky French fan base learn what it’s like to have Frank McCourt as an owner. [The Am Law Daily]

    * Second Circuit throws procedural roadblocks in front of workers seeking back wages. Happy Labor Day! [Law360]

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  • Morning Docket: 08.10.16
    Morning Docket

    Morning Docket: 08.10.16

    * “If the LSAC is willing to include GRE scores in the [credential assembly services], then this may be an easy way for the LSAC to continue to certify the accuracy of standardized test scores reported to law schools.” In response to the tantrum LSAC threw over the future certification of LSAT scores, Educational Testing Service, the organization that administers the GRE, has offered to share its exam results with LSAC. [ABA Journal]

    * “It is time for the ABA to catch up.” The hotly contested rule proposed by the American Bar Association that would make behavior “[a] lawyer knows or reasonably should know is harassment or discrimination” a form of professional misconduct was “resoundingly adopted” by the House of Delegates earlier this week. Well done, ABA. [WSJ Law Blog]

    * Sorry, investment advisers, you make think it’s “unfair,” but according to a recent decision from a three-judge panel of the D.C. Circuit, the Securities and Exchange Commission’s controversial in-house courts are constitutionally sound because the agency’s ALJs don’t make “final” decisions on behalf of the SEC. [Big Law Business]

    * Husch Blackwell, which completed a combination with Whyte Hirschboeck in the middle of last month, now not only has bragging rights on finalizing the largest law firm merger of 2016, but it can also claim to have one of the largest real estate practices in the entire country. Congratulations on all of your success! [Midwest Real Estate News]

    * Who are eight of the most impressive graduates of Columbia Law School? Would you be surprised to learn that the list includes two former presidents, two Supreme Court justices (one of whom has a law school named after him), a U.S. Attorney General, and various political figures? If you’re interested, check out the list here. [Business Insider]

  • Morning Docket: 07.19.16
    Morning Docket

    Morning Docket: 07.19.16

    * It’s been exactly two years since FSU Law Professor Dan Markel was killed in an alleged murder-for-hire plot. He was locked in child-custody litigation with his ex-wife, Wendi Adelson, until the time of his death, and it is that litigation that is the suspected motive for his violent slaying. The Adelsons’ attorney suggests instead that perhaps some FSU students “had it in for [their] law professor.” [Sun Sentinel]

    * In an effort to ensure criminal defendants receive competent representation, Sen. Cory Booker (D-NJ) has introduced the Clarence Gideon Full Access to Justice Act, which would create the Defender Office for Supreme Court Advocacy. Per Justice Elena Kagan, a program like this would be an “enormous help to the system.” [Big Law Business]

    * Husch Blackwell and Whyte Hirschboeck Dudek have officially completed their merger, and the combined firm, which will continue to be known as Husch Blackwell, has more than 700 lawyers. Now that the books are closed on the merger, maybe the firm will have time bring its associate salaries to market — or not. [Journal Sentinel]

    * The recent outcome of the Microsoft data privacy case is a great example of what can happen when the law can no longer keep up with technology. Perhaps Congress will be inspired to update these old laws related to digital information that were first created when email was still considered a nascent technology. [DealBook / New York Times]

    * Is getting a law degree still lucrative? Probably not, but despite the lawyer glut and fewer job opportunities for law school grads, there still exists a need for legal representation among the poor and working class. You may not be able to make a lot of money this way, but you may be able to help close the justice gap. [Clarion Ledger]

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  • Morning Docket: 07.07.16
    Morning Docket

    Morning Docket: 07.07.16

    * Paralympic gold medalist Oscar Pistorius may recently have been sentenced to six years in prison for the killing of his girlfriend, but according to South African legal analysts, he’ll be eligible for parole in just three years, and will most likely be freed from behind bars at that time, despite his murder conviction. [ABC News]

    * DLA Piper partner Brian Pendleton has been fined $10K for violating a court order related to interfering with witnesses and then lying about it. DLA Piper has also been ordered to pay all of opposing counsel’s attorney fees and costs thanks to its errant partner’s behavior. The firm, of course, “respectfully disagree[s]” with the judge. [New York Law Journal via ABA Journal]

    * FBI Director James Comey is being “praised” and “slammed” at the same time for his recommendation that no criminal charges be brought against presumptive Democratic presidential nominee Hillary Clinton over her emails. In the meantime, Attorney General Loretta Lynch announced that the case had been closed. [WSJ Law Blog; CNN]

    * Law firm mergers are coming fast and furious, with a total of 48 combinations announced since the beginning of 2016. “Small firms are increasingly vulnerable in the current market,” and last year’s number of mergers (91) could be exceeded by year’s end as many smaller firms struggle to stay in business. [DealBook / New York Times]

    * Not only is Adnan Syed, the subject of the first season of the popular Serial podcast, getting a new trial, but he’s also got some brand new Biglaw attorneys representing him. Lawyers from Hogan Lovells, including the head of the firm’s pro bono practice and the managing partner of its Baltimore office, will now be involved. [Big Law Business]

  • Morning Docket: 05.25.16
    Morning Docket

    Morning Docket: 05.25.16

    * Sorry to ruin your childhood, but a Pennsylvania judge found that there is enough evidence for Bill Cosby to stand trial for his felony assault charge in the Andrea Constand case. Cosby has waived his right to a formal arraignment, and could face up to 10 years in prison if he’s convicted. Cosby has been free on $1 million bail since December. [Associated Press]

    * “You need to have order in a courtroom. And there needs to be proper decorum with attorneys.” A Las Vegas Justice of the Peace ordered that a deputy public defender be handcuffed for interrupting him as she tried to represent a client. A tipster has referred to this judge as “demented.” We may have more on this. [Las Vegas Review-Journal]

    * According to inside sources, Hunton & Williams is in advanced merger talks with Addelshaw Goddard, a London-based firm. These talks have reportedly been going on for months, and Addelshaw partners supposedly met last night to discuss the tie-up. If successful, the combined firm would have more than 1,300 lawyers. [Big Law Business]

    * Silicon Valley staple Fenwick & West is opening up an office outpost in New York City. The firm’s clients in Manhattan include BuzzFeed, FanDuel, Blackrock, Citi, and JPMorgan. Associates will be working around the clock in the city that never sleeps — with a roster like that, they won’t be getting shuteye anytime soon. [WSJ Law Blog]

    * AG Loretta Lynch announced yesterday afternoon that the Justice Department would be seeking the death penalty against Dylann Roof, the suspect alleged to have gone on a shooting spree in a Charleston church last summer, killing nine and wounding numerous others. It’s said Roof hoped to incite a race war as a result of the massacre. [USA Today]

    * Carl Buchholz, managing partner of DLA Piper’s Philadelphia office, RIP. [Philadelphia Business Journal]

  • Morning Docket: 05.17.16
    Morning Docket

    Morning Docket: 05.17.16

    * Tiger-blooded warlock Charlie Sheen sued by American Express over $287,879 in debt. #Winning. [Courthouse News Service]

    * It’s really happening, folks! Get ready for ASSLaw. [Washington Post]

    * Morgan Lewis knows how to play both sides — the firm is handling Donald Trump’s tax returns and accompanying controversy while simultaneously vetting Hillary Clinton’s possible running mates. [Law.com]

    * Law school announces a technological innovation concentration… because programming the next LawyerBot is probably the only hope these students have for jobs in 10 years. [Northwestern Pritzker School of Law]

    * Cuneo Gilbert attorneys said that they felt threatened when former colleague Preetpal Grewal emailed another former colleague stating she wanted “to kill” them in connection with her national origin discrimination suit. Someone’s overreacting here. [Law360]

    * The SEC targets a patent troll and a former Fulbright & Jaworski and Bracewell associate in an unrelated securities fraud case. [The Am Law Daily]

    * Neil Sedaka may have thought “Breakin’ Up Is Hard To Do” but for law firms, mergers are the tough part. [National Law Journal]

    * The justice gap for poor civil litigants keeps on growing. [The Nation]

  • Morning Docket: 05.09.16
    Morning Docket

    Morning Docket: 05.09.16

    * Because he’d like to stop “freeriding on the services of Bryan Cave,” Stephen DiCarmine, Dewey & LeBoeuf’s former executive director, told a judge that he’d like to dump Austin Campriello as his lawyer and represent himself in the retrial of his criminal case. DiCarmine, a current textile design student, was warned that this likely wasn’t a very wise choice on his part. [WSJ Law Blog]

    * Kaye Scholer’s managing partner “wouldn’t comment on any speculation or rumor,” but word on the street is that his firm and Arnold & Porter may potentially be discussing a possible merger. Information related to this merger is really just a game of Biglaw telephone at this point. Let us know if you have any credible details. [Big Law Business]

    * This seems like the plotline of a reality TV series: A trial date has been set for one of the three Trump University lawsuits, and if all goes according to plan for likely Republican nominee Donald Trump, it looks like we may have a president-elect taking the witness stand to testify about allegations related to fraud before his inauguration. [CBS News]

    * Just in time for law school commencement ceremonies, the Bureau of Labor Statistics has some depressing news about employment statistics. In April, the legal services sector lost 1,500 jobs. Thus far, the only month in 2016 when jobs were added in the legal services sector was March. Well… this really isn’t very encouraging. [Am Law Daily]

    * “It’s been one step forward, two steps back since [2009].” The job market for law school grads is still challenging, but due to the fact that class sizes are smaller now, job prospects may seem a bit brighter for some. Are things really looking up? This John Marshall Law grad — with a job! — thinks things are going to be fine. [Chicago Tribune]

  • Morning Docket: 05.02.16
    Morning Docket

    Morning Docket: 05.02.16

    * Arizona Law’s plans to scrap the LSAT in favor of the GRE has angered the Law School Admission Council terribly. In fact, LSAC’s general counsel says the school’s new policy may violate the organization’s bylaws, so it may boot Arizona Law from its membership, thereby cutting the school out of its applications and admissions clearinghouse. We’ll have more on this news later today. [Wall Street Journal (sub. req.)]

    * Tom Brady of the New England Patriots hasn’t filed an appeal of the Second Circuit’s reinstatement of his four-game suspension yet, but you can bet your ass that it’s coming soon, because the quarterback just made the ultimate Hail Mary legal hire by adding Ted Olson to his team of lawyers. Sports fans can look forward to a bid for an en banc Second Circuit hearing, or even a possible flea flicker to the Supreme Court. [NBC Sports]

    * “Republicans haven’t been satisfied to simply hobble the court’s ability to function. In recent weeks, they have gone to remarkable lengths to impugn the integrity of the justices and thus the legitimacy of the court.” The New York Times Editorial Board has a piece that essentially begs Republicans to stop their shenanigans, give Judge Merrick Garland a hearing, and “rescue the Supreme Court from limbo.” [New York Times]

    * Law firm merger mania is already in full bloom this spring, but which Biglaw firm was one of the first to bite the bullet? It looks like it’s Husch Blackwell, which is merging with Milwaukee-based Whyte Hirschboek Dudek, effective July 1. The combined firm will have more than 700 attorneys, 19 offices, and it will likely be among the country’s 100 top-grossing law firms. We hope redundancy layoffs won’t follow. [Journal-Sentinel]

    * “We respect other professors’ point of view, but it’s less than (8 percent) of the academic faculty.” Some professors are outraged over Mason Law being renamed after the late Justice Antonin Scalia, but the university isn’t budging, and plans to stick with its new name since administrators “believe that the Antonin Scalia Law School, once it’s approved, will be one of the top law schools in the country.” [Big Law Business]

    * Law students, you make think you know what a gunner is, but you haven’t met this prodigy yet. Eighteen-year-old Ahmed Mohamed will be the first student to attend the University of Southern Florida College of Medicine and the Stetson University College of Law at the same time. If you hurry, you may be able to convince this genius to join your study group. You’ll surely be the envy of all of your new friends. [ABC Action News]