Milbank Tweed

* The recess appointment of Richard Cordray to head the CFPB could get tricky — not because Republicans are outraged by recess appointments (much like Democrats are outraged by obstructionist filibusters), but because Congress isn’t technically in recess, due to the sham sessions Congress has been running. [WSJ Law Blog] * Milbank, if you’re going […]

Milbank Tweed matched the Cravath bonus scale for 2011. But wait -- did Milbank perhaps beat the Cravath and Skadden bonus scales? Let's look at the details of the Milbank bonus announcement....

It’s late October, so Biglaw bonus news could drop any day now. In 2010, Cravath didn’t kick off the season until November 22. But back in 2009, Cravath announced bonuses on November 2. And in 2007 — yes, the glory days, before the Great Recession — Cravath announced bonuses, regular and “special,” on October 29. […]

The law firm of Orrick, Herrington & Sutcliffe continues to do battle with its former client, MGA Entertainment. It seems that the maker of Bratz dolls is still acting in bratty fashion, by not paying its legal bills, and Orrick has moved to withdraw from representing MGA. Fortunately, things are happier on the transactional side for Orrick. The firm just announced that it's picking up five bank finance and high-yield partners, for its New York office. The new arrivals come from four different places, including three firms whose names you will definitely recognize....

During 2011, Paul Hastings has been picking up partners. Like any large firm, however, Paul Hastings loses partners, too. We've just learned of two partners who are ankling PH for Nixon Peabody. Let's find out who they are, get the backstory on their departures, and also obtain the 411 on some PH staff layoffs....

Sometimes LEWW scans a wedding announcement with bated breath, praying that we’ll find a law degree so we can write about a couple. We were crushing on Peanut Wong and David Hattaway before we even clicked on their link. But alas, she’s a dental student (of course she is), and he’s an electrical engineer. So […]

Milbank Tweed? More like Milbank Cashmere. Associates at the firm can treat themselves to some luxury goods this weekend, in anticipation of the cash that’s coming their way in a few weeks. Earlier today, the firm announced that it will be matching the Cravath spring bonuses. It’s a pleasant surprise to some….

* Tipsters, I’ve seen the Milbank / Harvard Law news. I just don’t have a strong opinion about it. Good, bad, indifferent? You tell me. [Harvard Law School; National Law Journal via Truth on the Market] * Is Ashley Madison (the dating site for adulterers) a scam? [Forbes] * Ah, the real reason Hosni Mubarak […]

How can you tell that your firm is embarrassed by its bonus payment and would rather people not see and comment about the payment? If they try to dump the news on the day before a major holiday. Sorry Milbank PR, we’re still here, plugging away on the Wednesday before Thanksgiving. And we’re able to […]

There was not much in the way of summer associate scandal this year. There were fewer summer associates at law firms, and they were on their best behavior — resulting in 100% offer rates at many firms. This meant, though, that the stream of summer associate stories was disappointingly dry. (Of course, if you have […]

We’ve gotten away from plowing through the latest Vault Rankings, but fear not. Your firm is coming up soon. We’ve been through the top 30 firms. But now we’re getting into a group of firms that really utilized the cost-cutting measures of salary cuts and layoffs to weather the recession of 2009. Did these guys […]

Partners are on the move, and this time it’s major. Latham & Watkins is losing some serious firepower from its banking group, with the windfall going to Milbank. Am Law Daily reports: Milbank, Tweed, Hadley & McCloy made a rare venture into the U.S. lateral market Tuesday, announcing that it had lured five Latham & […]

In journalism, there are certain go-to stories that one writes around big events. At Halloween, everyone writes the “most popular costume” story. At Christmas, it’s the “most popular toy” story. At Thanksgiving, it’s the “how the community is giving back” story. Over the last two years, a recurring event has been “the big bankruptcy.” And […]

For LEWW, one of the best things about spring is the return of a reliable stream of lawyer-lawyer couples to the NYT wedding pages. Soon we’ll even be seeing SCOTUS clerks! This week five out of our six newlyweds sports a JD. Here they are: 1.) Michelle Lieberman and Daniel Lubetzky 2.) Michelle Davidowitz and […]