Milbank Tweed Hadley & McCloy

* The recess appointment of Richard Cordray to head the CFPB could get tricky — not because Republicans are outraged by recess appointments (much like Democrats are outraged by obstructionist filibusters), but because Congress isn’t technically in recess, due to the sham sessions Congress has been running. [WSJ Law Blog] * Milbank, if you’re going […]

Milbank Tweed matched the Cravath bonus scale for 2011. But wait -- did Milbank perhaps beat the Cravath and Skadden bonus scales? Let's look at the details of the Milbank bonus announcement....

It’s late October, so Biglaw bonus news could drop any day now. In 2010, Cravath didn’t kick off the season until November 22. But back in 2009, Cravath announced bonuses on November 2. And in 2007 — yes, the glory days, before the Great Recession — Cravath announced bonuses, regular and “special,” on October 29. […]

The law firm of Orrick, Herrington & Sutcliffe continues to do battle with its former client, MGA Entertainment. It seems that the maker of Bratz dolls is still acting in bratty fashion, by not paying its legal bills, and Orrick has moved to withdraw from representing MGA. Fortunately, things are happier on the transactional side for Orrick. The firm just announced that it's picking up five bank finance and high-yield partners, for its New York office. The new arrivals come from four different places, including three firms whose names you will definitely recognize....

During 2011, Paul Hastings has been picking up partners. Like any large firm, however, Paul Hastings loses partners, too. We've just learned of two partners who are ankling PH for Nixon Peabody. Let's find out who they are, get the backstory on their departures, and also obtain the 411 on some PH staff layoffs....

Milbank Tweed? More like Milbank Cashmere. Associates at the firm can treat themselves to some luxury goods this weekend, in anticipation of the cash that’s coming their way in a few weeks. Earlier today, the firm announced that it will be matching the Cravath spring bonuses. It’s a pleasant surprise to some….

* Tipsters, I’ve seen the Milbank / Harvard Law news. I just don’t have a strong opinion about it. Good, bad, indifferent? You tell me. [Harvard Law School; National Law Journal via Truth on the Market] * Is Ashley Madison (the dating site for adulterers) a scam? [Forbes] * Ah, the real reason Hosni Mubarak […]