Law Firms - - Page 275

The trustee liquidating Bernard L. Madoff’s investment firm has filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his 2008 arrest for masterminding the biggest Ponzi scheme in U.S. history.

Law Firms / December 13, 2010

The trustee liquidating Bernard L. Madoff’s investment firm has filed more than $50 billion in so- called clawback suits to compensate victims of the con man’s fraud since his 2008 arrest for masterminding the biggest Ponzi scheme in U.S. history. Irving Picard filed hundreds of lawsuits against banks, feeder funds, investors and others alleged to […]

The international flair of the Securities and Exchange Commission continued on Wednesday when it filed suit against unnamed investors who bought Wimm-Bill-Dann Foods shares in the days before the PepsiCo agreed to buy the Russian beverage company.

Law Firms / December 9, 2010

The international flair of the Securities and Exchange Commission continued on Wednesday when it filed suit against unnamed investors who bought Wimm-Bill-Dann Foods shares in the days before the PepsiCo agreed to buy the Russian beverage company. As DealBook pointed out last week, the agency increasingly is going global with its insider trading cases. The

Milbank, Tweed, Hadley & McCloy on Wednesday sent associates off on their Thanksgiving weekend with news that they will receive bonuses that matched the rates Cravath, Swaine & Moore announced on Monday.

Law Firms / December 1, 2010

Milbank, Tweed, Hadley & McCloy on Wednesday sent associates off on their Thanksgiving weekend with news that they will receive bonuses that matched the rates Cravath, Swaine & Moore announced on Monday. Associates will receive bonuses of $7,500 to $35,000 depending on their class year, according to a memo to associates obtained by the New

Wednesday was not a good day for former U.S. House Majority Leader Tom DeLay, who was found guilty on charges of money laundering and conspiracy.

Law Firms / November 28, 2010

Former U.S. House Majority Leader Tom DeLay argued throughout his trial that the deck was stacked against him by a politically motivated prosecutor and a jury from the most Democratic city in one of the most Republican states. But following DeLay’s conviction Wednesday on money laundering and conspiracy charges, some legal experts say the edge

Wednesday was not a good day for former U.S. House Majority Leader Tom DeLay, who was found guilty on charges of money laundering and conspiracy. Read More »

Bellwether legal shop Cravath Swain & Moore announces year-end payouts of $7,500 to $35,000, same as last year. Why flat may be the new up in the legal biz.

Law Firms / November 24, 2010

Bellwether legal shop Cravath Swain & Moore announces year-end payouts of $7,500 to $35,000, same as last year. Why flat may be the new up in the legal biz. While some quarters of Wall Street may see big bonuses this year, law firms are looking at a more subdued size of paycheck. The first firm

Bellwether legal shop Cravath Swain & Moore announces year-end payouts of $7,500 to $35,000, same as last year. Why flat may be the new up in the legal biz. Read More »

The United States’ 250 largest law firms are still shaking off the recession’s punch, shedding more than 1,400 lawyers this year and marking the second straight year of a decrease in headcount.

Law Firms / November 7, 2010

The nation’s 250 largest law firms are still shaking off the recession’s punch, shedding more than 1,400 lawyers this year and marking the second straight year of a decrease in headcount. Results from the NLJ 250, The National Law Journal’s annual ranking of the 250 largest U.S.-based firms by headcount, showed that totals dropped 1.1%.

The United States’ 250 largest law firms are still shaking off the recession’s punch, shedding more than 1,400 lawyers this year and marking the second straight year of a decrease in headcount. Read More »

A former client has won a $103 million malpractice verdict against Baker & McKenzie and one of its Dallas lawyers

Law Firms / October 31, 2010

A $103 million verdict was returned against Chicago-based Baker & McKenzie and one of its attorneys by a Jones County, Miss., jury. The case centers on Joel Held, a Baker & McKenzie attorney based in Dallas, who represented both sides of an oil-rig-drilling business that turned sour for one client while benefiting the other, according

A former client has won a $103 million malpractice verdict against Baker & McKenzie and one of its Dallas lawyers Read More »

The legal industry is falling apart. Not in the sense pundits meant when they gave that diagnosis in 2008 as firms were hit with the harsh reality of the recession. Rather, the industry is moving away from a monolithic provider of legal services — the law firm — to a fragmented service platform.

Law Firms / October 26, 2010

The legal industry is falling apart. Not in the sense pundits meant when they gave that diagnosis in 2008 as firms were hit with the harsh reality of the recession. Rather, the industry is moving away from a monolithic provider of legal services — the law firm — to a fragmented service platform where the

K&L Gates LLP has formed a special task force aimed at defending lenders and mortgage loan servicers as legal challenges to questionable foreclosure practices mount.

Law Firms / October 19, 2010

A major law firm has formed a special task force aimed at defending lenders and mortgage loan servicers as legal challenges to questionable foreclosure practices mount. Global law firm K&L Gates LLP said on Tuesday it has assembled a team to help companies respond to allegations ranging from wrongful foreclosure to inadequate documentation and lack

K&L Gates LLP has formed a special task force aimed at defending lenders and mortgage loan servicers as legal challenges to questionable foreclosure practices mount. Read More »

Former Countrywide Financial Corp. Chief Executive Angelo Mozilo agreed to pay $67.5 million in financial penalties to settle the Securities and Exchange Commission’s high-profile civil fraud suit against him.

Law Firms / October 15, 2010

Former Countrywide Financial Corp. Chief Executive Angelo Mozilo agreed to pay $67.5 million in financial penalties to settle the Securities and Exchange Commission’s high-profile civil fraud suit against him. The two other defendants in the case, former Countrywide President David Sambol and former Chief Financial Officer Eric Sieracki, also reached settlements with the SEC. Mr.