Morning Docket

Morning Docket: 10.13.16

* According to a new survey published by legal search firm Major Lindsey & Africa, on average, female Biglaw partners make 44 percent less than male Biglaw partners, and the pay disparity is largely due to who receives origination credit for business. We'll have more on this study later today. [DealBook / New York Times] * Uh-oh! This Australian law firm may be going even further down under... Following a restructuring and several rounds of layoffs, Slater & Gordon, the world's first publicly traded law firm, has found itself on the receiving end of a class-action securities case on behalf of its shareholders over its continually tumbling share prices. [WSJ Law Blog] * "Today’s ruling marks an end to Mr. Paxton’s almost year-long attempt to avoid being judged by a jury of his peers." Even though a federal judge tossed out similar charges last week, Texas Attorney General Ken Paxton will face trial on state securities fraud charges. Paxton's lawyers plan to appeal the ruling to a state appellate court. [Big Law Business] * The last time your jeans were cool was when they were a lyric in "My Humps": After falling out of fashion, True Religion has hired Kirkland & Ellis to explore some debt restructuring options. With about $500 million in debt to deal with, the company may have to file for bankruptcy or hope for kind negotiations with its lenders. [Reuters] * "What is he thinking? Already his conduct is going to make him a pariah in many law school contexts — and this just fuels the flames." Former Berkeley Law Dean Sujit Choudhry's next court hearing for his racial discrimination case is on November 3. What is the law school's latest argument against his claims? [San Francisco Chronicle] * Jack Greenberg, former leader of NAACP Legal Defense Fund, RIP. [New York Times]

By Staci Zaretsky on October 13, 2016 8:56 am

Rich Businessman Poor Businesswoman* According to a new survey published by legal search firm Major Lindsey & Africa, on average, female Biglaw partners make 44 percent less than male Biglaw partners, and the pay disparity is largely due to who receives origination credit for business. We’ll have more on this study later today. [DealBook / New York Times]

* Uh-oh! This Australian law firm may be going even further down under… Following a restructuring and several rounds of layoffs, Slater & Gordon, the world’s first publicly traded law firm, has found itself on the receiving end of a class-action securities case on behalf of its shareholders over its continually tumbling share prices. [WSJ Law Blog]

* “Today’s ruling marks an end to Mr. Paxton’s almost year-long attempt to avoid being judged by a jury of his peers.” Even though a federal judge tossed out similar charges last week, Texas Attorney General Ken Paxton will face trial on state securities fraud charges. Paxton’s lawyers plan to appeal the ruling to a state appellate court. [Big Law Business]

* The last time your jeans were cool was when they were a lyric in “My Humps”: After falling out of fashion, True Religion has hired Kirkland & Ellis to explore some debt restructuring options. With about $500 million in debt to deal with, the company may have to file for bankruptcy or hope for kind negotiations with its lenders. [Reuters]

* “What is he thinking? Already his conduct is going to make him a pariah in many law school contexts — and this just fuels the flames.” Former Berkeley Law Dean Sujit Choudhry’s next court hearing for his racial discrimination case is on November 3. What is the law school’s latest argument against his claims? [San Francisco Chronicle]

* Jack Greenberg, former leader of NAACP Legal Defense Fund, RIP. [New York Times]

Staci Zaretsky is an editor at Above the Law. Feel free to email her with any tips, questions, or comments. Follow her on Twitter or connect with her on LinkedIn.