Law Firms

U.S. prosecutors asked a federal judge on Friday to force former Enron chief executives Ken Lay and Jeffrey Skilling to forfeit $183 million for their crimes at the collapsed energy company.

Stock

The filing made to the federal court where the two men were convicted last month asks Judge Sim Lake to grant the forfeiture request that would match the “gross amount of the proceeds of the crimes of conviction.” Lay, 64, was convicted of six counts of conspiracy and fraud, as well as four separate personal […]

U.S. prosecutors asked a federal judge on Friday to force former Enron chief executives Ken Lay and Jeffrey Skilling to forfeit $183 million for their crimes at the collapsed energy company. Read More »

How does a legal powerhouse like Skadden Arps stay at Number One for twenty years? This American Lawyer article provides five strategies the firm has used.

New York-based legal powerhouse Skadden Arps Slate Meagher & Flom has grown into a global legal giant without sacrificing either productivity or profitability. Last year it grossed $1.6 billion with profits per partner of almost $2 million. Those numbers make Skadden ninth among firms with the highest revenue per lawyer and twelth for profits per

How does a legal powerhouse like Skadden Arps stay at Number One for twenty years? This American Lawyer article provides five strategies the firm has used. Read More »

Former Enron CEO Ken Lay sold $70 million in Enron shares back to the company to pay for personal luxuries such as renting a yacht for a birthday party, even as the company headed towards bankruptcy, prosecutors said on Monday.

Lay and wife

Lay, on trial for fraud and conspiracy along with former Enron CEO Jeffrey Skilling, has said most of the stock sales were made to pay off his millions of dollars in debts. Under cross examination by prosecutor John Hueston, Lay admitted he and wife, Linda, lived the good life and had trouble giving it up,

Former Enron CEO Ken Lay sold $70 million in Enron shares back to the company to pay for personal luxuries such as renting a yacht for a birthday party, even as the company headed towards bankruptcy, prosecutors said on Monday. Read More »

There’s been an increasingly public frenzy sweeping Manhattan’s elite law firms of late. And – surprise, surprise – it has to do with money. Raises, to be more precise.

Lost in the hum of daily routine deep in the Eighth Avenue beehive of white-shoe law firm Cravath, Swaine & Moore Feb. 13 was the insertion of pale-blue interoffice envelopes into the mailboxes of the firm’s 350-odd associates. The spare memorandum inside contained news that might have set your average drone abuzz: They were getting

There’s been an increasingly public frenzy sweeping Manhattan’s elite law firms of late. And – surprise, surprise – it has to do with money. Raises, to be more precise. Read More »

The scandalous court case involving a Hollywood gumshoe accused of snooping on the stars has drawn in another high-profile suspect.

Anthonypellicano

The scandalous court case involving a Hollywood gumshoe accused of snooping on the stars has drawn in another high-profile suspect. Antony Pellicano, a private investigator, is being held in prison without bail while he waits to stand trial on 110 charges of illegal phone-tapping and accessing police records, in search of dirt on high profile

The scandalous court case involving a Hollywood gumshoe accused of snooping on the stars has drawn in another high-profile suspect. Read More »

Shearman + Sterling’s a powerhouse law firm with its banking, M&A and corporate work. But there’s trouble at mill. Partners are leaving. Could it be its below-par profits-per-partner figures?

Shearman

Rohan Weerasinghe, head of the Wall Street law firm of Shearman & Sterling, received unwelcome news this month. Five partners, including the asset-management group chief, jumped to a New York rival. The turn of events was not entirely unfamiliar. Some partners were already heading for the exits when Weerasinghe became the head of Shearman in

Shearman + Sterling’s a powerhouse law firm with its banking, M&A and corporate work. But there’s trouble at mill. Partners are leaving. Could it be its below-par profits-per-partner figures? Read More »

Lawyers for a death row inmate, including former Whitewater independent counsel Kenneth Starr, sent fake letters from jurors asking California’s governor to spare the man’s life, prosecutors said Friday.

Lawyers for a death row inmate, including former Whitewater independent counsel Kenneth Starr, sent fake letters from jurors asking California’s governor to spare the man’s life, prosecutors said Friday. The jurors denied they thought Michael Morales deserved clemency because some of the testimony at his trial may have been fabricated, said Nathan Barankin, spokesman for

Lawyers for a death row inmate, including former Whitewater independent counsel Kenneth Starr, sent fake letters from jurors asking California’s governor to spare the man’s life, prosecutors said Friday. Read More »

American International Group Inc., the world’s largest insurer, probably will announce a $1.6 billion settlement of U.S. state and federal regulatory investigations later today, people familiar with the matter said.

American International Group Inc., the world’s largest insurer, probably will announce a $1.6 billion settlement of U.S. state and federal regulatory investigations later today, people familiar with the matter said. The agreement would resolve New York Attorney General Eliot Spitzer’s allegations that AIG used sham reinsurance contracts to hide losses and understate liabilities, two people

American International Group Inc., the world’s largest insurer, probably will announce a $1.6 billion settlement of U.S. state and federal regulatory investigations later today, people familiar with the matter said. Read More »

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