The Final Fate For A Troubled Law Firm
Best of luck as these firms try to hammer out a final deal.
Best of luck as these firms try to hammer out a final deal.
The managing partner of Kenyon & Kenyon reveals his firm may be merging with one that's not having a summer program.
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* Hooray, this study says it's a great time to be a lawyer! According to career website Glassdoor, lawyers are the second-highest paid professionals in the country, with a median base salary of $144,500. See, everybody, you'll be able to pay off your six-figure law school debt in no time! You're probably rich! [Big Law Business / Bloomberg BNA] * John Oliver of "Last Week Tonight" trademarked the word "Drumpf" ahead of the humorous segment on his show, and he turned to Kenyon & Kenyon to get the job done. The comedian was apparently trying to keep it in the "Daily Show" family with his choice of legal representation -- as we've noted before, Kenyon's managing partner is Stephen Colbert's older brother. [Am Law Daily] * Here's a ranking that'll be useful for prospective law students and legal professionals who love being boastful: Which law schools have the highest percentage of graduates who pass the bar exam on the first try? You may legitimately be surprised by the placement of some of the law schools on this list. We'll have more on this later. [AL.com] * "The tone of the brief reads like an indictment." The Justice Department filed a pretty feisty response to Apple in its legal battle over the encryption of an iPhone belonging to one of the San Bernardino shooters. Apple's GC says the DOJ lawyers are now "so desperate" to get what they want that they've "thrown all decorum to the wind." [CNBC] * U.S. Attorney Preet Bharara of the Southern District of New York will have to face a lawsuit filed by David Ganek of Level Global Investors, once a $4 billion hedge fund, over allegations that the federal prosecutor's office filed a misleading affidavit and fabricated evidence as part of an insider trading probe that resulted in the fund failing. [Newsday]
There have been a lot of partner departures, but the firm's leader claims that things are looking up.
Has the situation stabilized since our last look at the firm? Not exactly....
* In a story we've been following for years, a federal judge has put down the most notorious copyright troll in the world: "Happy Birthday To You" is now in the public domain. [LA Times] * Former SMU Dean John Attanasio, hit with a prostitution arrest back in February, is looking at a pre-trial diversion program if he's willing to admit the charge. [CBS DFW] * Just weeks after his brother took over hosting duties on The Late Show, Edward Colbert has been named managing partner of Kenyon & Kenyon LLP. [Law360] * The Republic of Guinea may have to cough up a lot of guineas in unpaid legal fees to Dentons after Judge Royce Lamberth rejected its sovereign immunity request. [Legal Times] * Honestly, who doesn't bring a couple dildos along when visiting a Rent-A-Center? [Courthouse News Service] * Dewey know what horrors await law firm managers if convicted? It's more than a little troubling that a couple million people face this fate, but we only get glossy coverage of these conditions when some millionaire lawyers might end up there. [The Am Law Daily] * Gibson Dunn under fire for not keeping original notes of its Bridgegate interviews because defense lawyers don't know how these new-fangled "computer" things work. [The Record]
Takeaways from a Legalweek panel on evolving malpractice risks.