Legal Village
US News and Analysis
Restructuring round-up: the happy holidays edition
15/12/2008
Looking for some seasonal cheer? One might be hard-pressed to find it in this economy, unless of course you're a bankruptcy lawyer. The long-awaited 'tidal wave' of work we've been hearing about for the past 24 months is finally here.That...Collecting, but hardly calm and cool
10/12/2008
In a normal year, December is nerve-racking. Firms are hustling to get clients to pay their bills, and making that year-end push to fill the coffers. Some firms have traditionally pulled in as much as 30% of their revenue in...The driven Snow
5/12/2008
In what could become the biggest comeback in San Francisco Bay Area legal history, the controversial and charismatic captain of the sinking Brobeck Phleger & Harrison ship, seasoned securities litigator Tower Snow, wants to be a partner at your law...Reed Smith managing partner on layoffs: capacity didn't meet demand
4/12/2008
In a firmwide memo to employees on Wednesday (3 December), Reed Smith announced that it will lay off 115 staff from its US offices and cut up to seven support staff and 11 associate jobs in the firm's largest office in London.The...Some glimmers of sunshine for law firms, say Citi experts
24/11/2008
As representatives of the law firm group at Citi Private Bank, we've met with more than 150 of our clients since 1 June. During these benchmarking reviews, partner retreats, firm leadership sessions, industry forums and individual meetings, the cliche that...Orrick's Baxter: In this economy, no practice area is so robust it's bursting at the seams
14/11/2008
The Am Law Daily chatted with Ralph Baxter (pictured), chairman of Orrick Herrington & Sutcliffe, a few hours after the firm announced it was laying off 40 lawyers - associates and counsel - and 35 staff members.Hi, Ralph. When did...Obama looks to Am Law 100 firms for best and brightest
10/11/2008
While most of the speculation surrounding possible appointments by President-elect Obama focuses on the treasury secretary and attorney and solicitor general, the former Sidley Austin summer associate could tap several Am Law 100 firms to fill a host of other...Lawyers predict top business litigation issues for President-Elect Obama
7/11/2008
Most lawyers don't keep a crystal ball in their office, but if pressed, some will take a crack at forecasting the future. We asked a selection of litigators to share their predictions about the legal and political issues that could...How is the Lehman bankruptcy like Hurricane Katrina?
17/10/2008
The Am Law Daily spent Thursday morning and afternoon standing in the aisle of Judge James Peck's courtroom in a federal bankruptcy court for a major hearing in the Lehman Brothers bankruptcy. Sweating in a standing-room-only crowd was still better...Citi-Wachovia deal off, lawsuits stand
10/10/2008
Citibank has announced that it is ending negotiations with Wells Fargo to divide the assets of Wachovia. The announcement was made roughly 15 hours before a litigation standstill agreement among the banks was set to expire.According to the Wall Street...Fasten your seatbelts: Citigroup/Wachovia fight heats up over Wells Fargo deal
6/10/2008
It was a busy weekend for the lawyers on the various pieces of the Citigroup-Wachovia-Wells Fargo deals and litigation. Just as we were writing up this post on the events of the last two days, word came through that New...Bank in-housers seek law firms as safe port in Wall St storm
23/09/2008
Financial industry lawyers who in the past may have opted for in-house positions at a company like Bear Stearns for lifestyle and work environment benefits are now turning to the job security offered by law firms.Many refugees from Bear Stearns...US could emerge as major player in suits stemming from financial crisis
23/09/2008
In the wake of most economic crises, the silver lining for lawyers and law firms is a surge in litigation. The present mess on Wall Street will no doubt spill into the courtroom too, though the players may be somewhat...Dealmaker of the Week: S&C's Rodgin Cohen
19/09/2008
This week's crisis on Wall Street presented The Am Law Daily with the right moment to launch a new feature. And it meant that Sullivan & Cromwell chairman Rodgin Cohen - our first Dealmaker of the Week - had a...A dark mood on Wall St
16/09/2008
The world's leading law firms are facing an uncertain new landscape following the demise of two of Wall Street's biggest and most established investment banks.The bankruptcy of Lehman Brothers and the announced acquisition of Merrill Lynch by Bank of America will no...
Categories
RSSRecent Posts
- Restructuring round-up: the happy holidays edition15/12/2008
- Collecting, but hardly calm and cool10/12/2008
- The driven Snow 5/12/2008
- Reed Smith managing partner on layoffs: capacity didn't meet demand 4/12/2008