The ABA Journal took a look at what news stories lawyers “clicked on” in 2008 with a top 10 out of over 5000 in their daily news feed. It starts with the US News Law School rankings. Those that attracted the largest number of readers dealt with the recession and its effect on law firms, […]
http://lawfuel.com/show-release.asp?ID=20246 December 16, 2008 (by Otto Smyth) According to reports by Los Angeles criminal attorneys, the person that has been sought after since 1981 for the murder and decapitation has been named closing the 27 year old murder case of the 6 year old Adam Walsh. John Walsh father of Adam and host of America’s
Thomson Reuters gave The Am Law 200 a nice New Year’s present Tuesday: its report that global deal volume dropped by a full one-third in 2008 and looks to keep falling next year. Perhaps Am Law firms heavily invested in M&A work might want to pre-emptively cancel their 2009 holiday parties. The bad news reads
Thacher Proffitt & Wood, the 160 year-old New York law firm, has become the fourth US firm to dissolve this year after more than half of its lawyers defected to a rival. Thacher Proffitt, which was heavily focussed on structured finance and real estate markets, said it would begin winding down at the end of
Sonnenschein, Nath & Rosenthal announced late Sunday that 100 lawyers, including 40 partners, from Thacher Proffitt & Wood will be joining the firm’s New York office, effective January 1. The hires increase Sonnenschein’s total headcount to about 800 lawyers, nearly doubling the size of its New York office — it’s the biggest group of laterals
Some colleagues of indicted lawyer Marc Dreier, accused of stealing $380 million from hedge funds in investors, believe his alleged crimes may have been driven by a need to support an extravagant lifestyle and the aggressive expansion of his law firm. The Wall Street Journal (sub. req.) spoke to the colleagues and chronicled the excesses
King & Spalding no longer is in the running to acquire the substantial portion of Thacher Proffitt & Wood that it had pursued in recent weeks, according to a lawyer familiar with the negotiations. Altanta-based King & Spalding has been reported to be in talks for weeks to acquire some or all of beleaguered Thacher,
Bernie Madoff is a man of superlative accomplishments, albeit negative ones. He bilked thousands of hedge fund investors in a gargantuan and unprecedented $50 billion Ponzi scheme. He repeatedly evaded review by the SEC, as detailed in this Wall Street Journal article. So persuasive were Madoff’s techniques, that he managed to make all but one
The law firm Dreier LLP, after its founder was jailed and accused of cheating hedge funds out of more than $100 million, filed for bankruptcy protection. Marc Dreier is being held on federal criminal charges and may also seek court protection from creditors, said Mark Pomerantz, a receiver for the law firm chief. The Midtown
Latham & Watkins said Tuesday it will freeze associate salaries in response to “challenging economic times,” a move that could signal the rest of the industry to follow suit, observers said. “Everybody’s been waiting for some kind of signal from the market leader,” said consultant Peter Zeughauser, founder of The Zeughauser Group. “This will be
