Davis Polk Revisited

Morning Docket

Morning Docket: 04.11.17

Uh-oh! Trouble in paradise? It looks like Martin Shkreli's lawyer -- who also happens to be his co-defendant -- has turned on him. * Florida has released the results from its administration of the February 2017 bar exam, and they were not pretty. The percentage of those who passed dipped a bit since 2016, but students at both Orlando law schools were more likely to have failed. But which law school did the worst of all? We'll have more on this later. [Orlando Sentinel] * Trouble in paradise? Martin Shkreli's former lawyer, Evan Greebel -- who also happens to be his co-defendant -- has turned on him, accusing the pharma bro of submitting false documents to the Securities and Exchange Commission and engaging in illegal stock trading. Greebel, of course, now wants to be tried separately from Shkreli. [Bloomberg] * "I never in my wildest dreams imagined I would be back." Five women who once worked at Davis Polk and had been gone for at least two years to raise their families have returned to the firm for one-year stints with a program called "Davis Polk Revisited." If all goes well, they may be able to return for a longer period of time. [WSJ Law Blog] * A former Hunton & Williams partner who spent 20 years on the lam as a fugitive has finally been caught. Scott Wolas, who was disbarred in 1999, was most recently accused in a $1.5 million real estate investment fraud scheme. Over the course of his alleged criminal career, Wolas reportedly assumed a number of other aliases. [Am Law Daily] * Each year around Easter, the ABA Journal hosts a Peeps in Law diorama contest. It's time to cast your vote for your favorite, and this time around, the competition is pretty stiff. We're particularly partial to the entry that's been dubbed "State of Peepington v. Trump," but "Peepsburg and Sugarmayor" is also very cute. Vote! [ABA Journal]

Morning Docket

Morning Docket: 09.14.16

* "Your complaint claims that it must speak for us because we are too afraid to speak for ourselves. That is not how we see ourselves and certainly not how any of us believes our clients and colleagues perceive us." Some female partners at Chadbourne & Parke are speaking out against the $100 million class-action sex discrimination lawsuit that's been filed on their behalf. We'll have more on this news update later today. [WSJ Law Blog] * Davis Polk is so desperate to improve gender diversity at the firm that it has launched an alumni rehiring program to give women who have opted to leave the firm to raise children a pathway back to an associate-level position. Participants in the program will earn $190K for one year, and may be offered a permanent job. [Am Law Daily] * Say hello to Michael Gerstenzang, who was elected as Cleary Gottlieb's new managing partner. He's been with the firm for his entire career as an attorney since the 1990s, and he'll continue to maintain his private equity and funds practice during his time serving as the firm's leader, or rather, its "listener in chief." Congratulations! [Legal Week] * The House of Representatives approved the Financial Choice Act, a bill meant to roll back portions of the Dodd-Frank Act, including the Volcker Rule and the Durbin Amendment. Critics had this to say: "This bill is so bad that it simply cannot be fixed. It's clear that this is a rushed, partisan messaging tool.” [DealBook / New York Times] * Sixteen years after the alleged fraud took place, ex-AIG chairman Hank Greenberg is standing trial. Although he's accused of orchestrating multimillion-dollar transactions, David Boies of Boies Schiller says "[t]his case is devoid of any admissible evidence that ties Mr. Greenberg to anything improper in either of these transactions." [Reuters] * Deborah Broyles, global diversity director at Reed Smith, RIP. [Big Law Business]