Wall Street

  • Wall Street

    Weil Gotshal Produces The Mother Of All "We're Awesome" Emails

    We’ve been covering law firms’ attempts to reassure associates in these troubled times. Because of their respected bankruptcy practice, we’ve assumed that all was well at Weil. Friday we received word that Weil isn’t just doing “well.” Apparently, “global financial crisis” is how you spell “straight cash homey” at Weil Gotshal. From firm chairman Stephen […]
  • Wall Street

    Pictures Of Our Times

    There are many strange visuals floating around during these days of financial uncertainty. Here are some interesting ones we saw over the weekend. The first is from Sheppard Mullin‘s new Menlo Park office: That is one way of saying “we have no clue how long we’re going to be here.” Meanwhile, others exact pictorial revenge […]

Sponsored

  • Wall Street

    Meltdown Roundup For Litigators

    We have extensively covered the law firms shaking and baking thanks to the market collapse over the past few weeks. But the M&A and bankruptcy lawyers are only half of the clusterf&^%. Which litigators will get work as old Wall Street business models die spectacular deaths? LegalTimes reports that O’Mel­veny & Myers is set up […]
  • Wall Street

    Debevoise & Plimpton: Doing Well in the Downturn

    Remember the Davis Polk “internal memo” from last week, touting the firm’s success at navigating the perilous waters of Wall Street? Other firms are following DPW’s lead, taking the opportunity to toot their own horns about how well they’re doing despite — or perhaps because of — the financial system meltdown. From a firm-wide email […]
  • Wall Street

    Meltdown Fees Trickle In, But Do They Trickle Down?

    Am Law Daily reports that H. Rodgin Cohen of S&C is making serious money as the markets collapse. Cohen has been the man in demand by companies struggling to ride out the latest subprime-related rollercoaster roiling the capital markets. His work this past week alone includes advising Lehman Brothers on its limited options prior to […]
  • Eliot Spitzer, Wall Street

    Crusading Attorneys General Beware

    There is so much blame to go around over the AIG debacle that even “Governor John” Eliot Spitzer is getting knocked around. Remember Attorney General Spitzer orchestrated AIG founder Maurice “Hank” Greenberg’s resignation, back in 2005. But since then some of the charges against Greenberg have been dropped, while Greenberg continues to fight other allegations. […]
  • Wall Street

    Davis Polk: Making Bank

    We’ve been providing extensive coverage of the unfolding financial crisis (as have our colleagues at our sister site, Dealbreaker). In several recent posts — see, e.g., here and here — we’ve discussed the Biglaw winners and losers with respect to the Wall Street meltdown. One evident winner: Davis Polk & Wardwell. Several DPW sources forwarded […]
  • Wall Street

    Wait ... I Own AIG Now? Is That Legal?

    Another day, another market massacre. Right now the SEC is meeting about “improper short selling” of Morgan Stanley and Goldman Sachs stock. The Dow is down nearly 450 points. We have definitely entered the “dogs and cats, living together, mass hysteria” phase of this meltdown. But while everybody is running around trying to CYA, the […]