Law Firms

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed.

Law Firms /
Dreier3

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed. At the end, when his longtime client had found out about the phony promissory notes and the auditor’s lawyer was threatening to […]

What’s remarkable about Marc Dreier is that he fooled so many people for such a long time. There was faith in Dreier, who until last December, delivered on his promises. Until he self-destructed. Read More »

A second major law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts.

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A second major US law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts. One round of layoffs hasn’t been enough to stem the tide of falling profits at some major law firms, the National Law Journal reports. The cuts

A second major law firm, this time O’Melveny & Myers, has announced cuts affecting hundreds of lawyers and support staff, the day after Orrick announced major staffing cuts. Read More »

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday.

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Justicedept

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday. At his January confirmation hearing, Attorney General Eric H. Holder Jr. said he would

Justice Department officials intend to release more secret legal memos that underpinned the Bush administration’s approach to national security issues, responding to pressure from Democratic lawmakers and interest groups that have sued for access to the sensitive materials, sources said yesterday. Read More »

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford.

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Sec

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford. And still, they’re in the best mood they’ve been in for years. “There’s a sense of the lifting

Enforcement lawyers at the Securities and Exchange Commission have recently been dressed down by Congress, blamed for major investment bank failures and publicly criticized for missing the alleged frauds of financiers Bernard Madoff and R. Allen Stanford. Read More »

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin.

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Calculator

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin. January’s carnage, in which renowned law firms laid off more than 1,500 attorneys and staff at last count, has been followed by further freefall in February in which more

As the dismal economy has continued on a downward spiral this month, so has the legal industry, with February layoffs exceeding January’s by a considerable margin. Read More »

Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program.

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Stock 17

There’s at least one law office that still has more transactional work than it can handle. Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program. In a few short months, they’ve closed 418 separate transactions with financial institutions

Since October, lawyers at the Treasury Department’s Office of General Counsel have completed $306 billion worth of deal work stemming from the Troubled Assets Relief Program. Read More »

Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979.

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Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979. Lawyers for Duch, chief of the S-21 interrogation centre in Phnom Peng where at least 14,000 “enemies of

Lawyers at the trial of Pol Pot’s chief torturer argued on Wednesday over the admissibility of footage taken by Vietnamese soldiers inside his torture centre after they ousted the Khmer Rouge from power in Cambodia in 1979. Read More »

The Securities and Exchange Commission accused Robert Allen Stanford, the chief of the Stanford Financial Group, on Tuesday of conducting “a massive ongoing fraud” in the sale of about $8 billion of high-yielding certificates of deposit.

Law Firms /

The Securities and Exchange Commission accused Robert Allen Stanford (pictured), the chief of the Stanford Financial Group, on Tuesday of conducting “a massive ongoing fraud” in the sale of about $8 billion of high-yielding certificates of deposit held in the firm’s bank in Antigua. Also named in the suit were two other executives and some

The Securities and Exchange Commission accused Robert Allen Stanford, the chief of the Stanford Financial Group, on Tuesday of conducting “a massive ongoing fraud” in the sale of about $8 billion of high-yielding certificates of deposit. Read More »

If present trends continue in the big firm market, we are heading toward — you pick the cliche — a paradigm-shifting, blood-in-the-suites, terror-on-the-campus hiring and retention crisis.

Law Firms /

If present trends continue in the big firm market, we are heading toward — you pick the cliche — a paradigm-shifting, blood-in-the-suites, terror-on-the-campus hiring and retention crisis. The “economic reset” that General Electric’s Jeffrey Immelt has tagged seems likely to force changes in the way firms recruit, pay and/or retain their lawyers. The market for

If present trends continue in the big firm market, we are heading toward — you pick the cliche — a paradigm-shifting, blood-in-the-suites, terror-on-the-campus hiring and retention crisis. Read More »

The ‘AboveTheLaw’ blog has been doing the tallying, but the wreckage from the recession is taking its heaviest toll ever among the Big Law firms.

Law Firms /
Pinkslip

The ‘AboveTheLaw’ blog has been doing the tallying, but the wreckage from the recession is taking its heaviest toll ever among the Big Law firms. DLA Piper announced it was laying off 80 lawyers and 100 staff members in the U.S. Goodwin Procter announced it was cutting 36 lawyers and 38 staff members Dechert cut

The ‘AboveTheLaw’ blog has been doing the tallying, but the wreckage from the recession is taking its heaviest toll ever among the Big Law firms. Read More »

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