As experts predict the biggest boom in bankruptcy matters in 20 years, the practice niche is a hot hiring area. Among those who have suddenly jumped the law firm fence to potentially greener pastures elsewhere are O’Melveny & Myers restructuring co-chair Michael Sage, who moved to Dechert on Monday, and Cadwalader, Wickersham & Taft restructuring […]
Clifford Chance, the world’s largest law firm, is seeking an average of £100,000 from each of its 400 equity partners to raise more than £40 million for the firm. The capital call, approved by special vote, is the most dramatic sign yet of the measures that leading law firms are taking to secure their financial
Bernard Madoff had sitting in his desk about 100 checks totaling some $170 million ready to send to family, friends and employees when he was arrested for a Ponzi scheme that cost investors tens of billions of dollars, a prosecutor said Wednesday. Assistant U.S. Attorney Marc Litt told Magistrate Judge Ronald Ellis in a letter
Cass Sunstein, a leading constitutional scholar, said on Thursday he had agreed to take the post of regulatory czar in the incoming Obama administration, overseeing all governmental regulations. The Harvard Law School professor will lead the White House Office of Information and Regulatory Affairs, an agency expected to assume a big role in Washington following
While it might be a bit much to compare Yan Yiming to the unknown protestor who stared down a column of tanks in Tiananmen Square in June 1989, the 44-year-old commercial litigator from Shanghai certainly isn’t lacking in the courage department. Yan forged a reputation for being unafraid to take on the corrupt practices of
U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail. A lawyer for investment adviser Madoff, who made his first court appearance since his December 11 arrest on a charge of
Linklaters, the UK based law firm, has claimed first place in a global mergers and acquisitions league table ousting US rival Sullivan & Cromwell, which has held the top spot for the past four years. Roles on four of the ten biggest M&A deals of 2008 – including InBev’s $60.8 billion takeover of Anheuser-Busch, the
Dozens of public interest legal organizations have been hit financially by the collapse of Bernie Madoff’s alleged $50 billion Ponzi scheme and are scrambling to make up the shortfalls. Organizations from the Center for Constitutional Rights to the Harvard Law School International Human Rights Clinic to the American Civil Liberties Union found out before Christmas
ven before the economic tsunami swept across the world’s markets, inundating clients and practice areas alike, a variety of storm clouds hung over the law firm landscape. Collectively they suggested that serious changes might be in the offing for a market notable for two seemingly immutable traits: relentless success and an ability to dodge, defeat,
The Am Law Daily loves to mix pop culture and law, and Hollywood spent the holiday season giving us a pile of litigation to chew on. • First, a federal judge in California made a surprise ruling on the copyright dispute (one we’ve been following obsessively for months) between Warner Bros. and 20th Century Fox
