Sullivan & Cromwell

There are firms in lower Manhattan that still haven't recovered from Superstorm Sandy.

* “We know in our hearts that for the United States of America, the best is yet to come.” Barack Obama was re-elected as president. Bring on the hope and change! No, seriously. [New York Times]

* In news that shouldn’t come as a surprise, regardless of who won the presidential race, there are still post-election voting issues that will likely be resolved in the courts. [Blog of Legal Times]

* But what we really want to know is who will be our country’s next attorney general. Because if anyone can fill Eric Holder’s shoes, it’s Preet Bharara, the U.S. attorney for the S.D.N.Y. [WSJ Law Blog]

* In other important news, several states approved gay marriage ballot initiatives, and others legalized marijuana. But hopefully you don’t have a case of the munchies yet, because federal law still says it’s illegal. [CNN]

* They helped American citizens “ba-rock” the vote: hundreds of law students from around the country rallied around the craziness of Election Day to volunteer their assistance to worthy causes. [National Law Journal]

* Biglaw firms in NYC are still reeling after Hurricane Sandy. While WilmerHale set up temporary offices last week, both SullCrom and Fried Frank could be out of commission for weeks. [Reuters; New York Times]

* At this point, in-house counsel are kind of like the McKayla Maroneys of the legal profession, because they are seriously unimpressed with outside counsel’s efforts to improve services and fees. [Corporate Counsel]

* Judge Theodore Jones, associate judge of the New York Court of Appeals, RIP. [New York Law Journal]

We know how you love rankings. Here are the top ten law firms in the world by revenue, the top ten firms by profits per partner, and the top ten firms in attorney headcount.

* Come on, people, Dewey really think that it’s fair that these proposed partnership clawback settlements blame only us for the firm’s implosion? The Steves and ex-CFO Joel Sanders don’t think so. [Bloomberg]

* “[E]ven if partners’ capital contributions were used to repay Dewey’s indebtedness—so what?” Well, that’s certainly one way to defend a suit alleging Citibank’s participation in a Ponzi-like scheme. [Am Law Daily]

* A $280K bonus sure seems nice, but do all Supreme Court clerks choose life in Biglaw once they’ve completed their stints at the high court? As it turns out, the answer is no — some view the money as “golden handcuffs.” [Wall Street Journal]

* Because nobody can ogle these crown jewels except Prince William: the royals’ potential suit against Closer magazine over topless pics of Kate Middleton has turned into full-blown privacy proceeding. [New York Times]

* If you’re struggling in law school, it may be wise to take some advice from those who’ve been there before you, like SullCrom’s Rodge Cohen, the Ninth Circuit’s Chief Judge Alex Kozinski. [National Law Journal]

Wouldn't it be cool if you recognized a law professor from a hit film?

Judge Cooke has ruled on the motion for sanctions against TD Bank and its former counsel, Greenberg Traurig. What did she decide?

Once again, Cahill Gordon paid mid-year bonuses to its associates. How much are we talking about, and how do the latest Cahill bonuses compare to prior years' bonuses?

Quinn Emanuel has paid its summer bonuses. How are QE associates reacting?

One of the former associates involved in the Sullivan & Cromwell mailroom of death debacle has been promoted to partner at her new Biglaw firm. Let's find out the details...

* It’s not just media groups that are urging the Supreme Court to allow live coverage of the announcement of the ACA decision. Senators Patrick Leahy and Chuck Grassley of the Senate Judiciary Committee have joined the club. [Blog of Legal Times]

* Dewey know whether this failed firm’s former partners will be settling their claims any time soon? Team Togut hopes to reach a deal in the next six weeks, and claims that cooperation will absolve D&L’s deserters of all future liability. [Am Law Daily (sub. req.)]

* From Biglaw to the big house: former Sullivan & Cromwell partner John O’Brien, who is serving time for tax evasion charges, has been suspended from practicing law in New York. [Thomson Reuters News & Insight]

* A Stradling Yocca partner and his wife, a Boalt Hall graduate, stand accused of planting drugs on a school volunteer who supervised their son. Looks like the only thing they’re straddling now is jail time. [OC Register]

* Dharun Ravi was released early from jail yesterday after completing a little more than half of his 30-day sentence. Funny how bad behavior got him into the slammer, but good behavior got him out of it. [CNN]

* “Why would somebody so smart do something so stupid?” Kenneth Kratz, the sexting DA from Wisconsin, claims that the answer to that question is an addiction to sex and prescription drugs. [Herald Times Reporter]

* Jay-Z’s got 99 problems and this bitch is one. He’s been accused by Patrick White of plagiarizing parts of his own best-selling memoir, “Decoded,” and slapped with a copyright infringement suit. [New York Daily News]

Paying top dollar is no longer necessary to achieve "prestige" in the Vault rankings...

* Man, the economy is so bad, monks are having to go to court to fight for a new revenue stream. [WSJ Law Blog] * We have peace between a Texas auction house and the President of Mongolia over the ownership of a Tyrannosaur skeleton. While we’re here, should anybody wish to invite me to a pre-screening of their inventive dinosaur park, I’d like to note that I’m not the type of bloodsucking lawyer who leaves children behind. [Heritage Foundation] * Did you know Sullivan & Cromwell got involved in the birther controversy? The first one, the legitimate one with Mitt Romney’s father. Not the ridiculous one that Romney’s been embracing. [Reuters] * Speaking of Mittens, did you know he supports for-profit colleges? That’s like supporting people jumping off the Empire State Building, so long as they pay to get in. [Salon] * Could an accounting firm pull a Dewey? [Going Concern] * Have an idea for how to improve the Constitution? Share it with the good folks over at Slate. [The Hive / Slate]

Many lawyers are hoping that Cravath, the former market leader on spring bonuses, will leave Sullivan & Cromwell all wet. Here's the winner for our latest caption contest...

Many lawyers are hoping that Cravath, the former market leader on spring bonuses, will leave Sullivan & Cromwell all wet. Here are the finalists for our latest caption contest...

Quinn's spring bonuses look to be better than S&C spring bonuses (while the so-called "market leader," Cravath, continues to pretend spring bonuses don't exist). How much are we talking about?

Which firms had the biggest revenue and the highest profits per partner last year, according to the latest Am Law 100 rankings?

Many lawyers are hoping that Cravath, the former market leader on spring bonuses, will leave Sullivan & Cromwell all wet. Here's the photo for our latest caption contest...

Will Cravath match S&C? Or double it? Or do nothing at all?

Sullivan & Cromwell has announced spring bonuses. And they're WEAK....

* If Obamacare gets struck down, do you think insurance companies will allow children to remain on their parents’ plans until age 26? My Magic 8-Ball says: “Outlook not so good.” [Wall Street Journal] * There’s no crying in baseball bankruptcy sales! Which Biglaw firms hit a home run for playing a part in the […]