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Barry Ostrager, Simpson's litigation head, told us he's having a great time in his debut as a plaintiffs class action lawyer. And why not? He's winning.
From Akin Gump to Kramer Levin
Letters A through K in the firm-by-firm summary of the responses to The American Lawyer's 2003 Associate Survey.The Securities and Exchange Commission and Fabrice Tourre finally came face to face in a Manhattan federal courtroom on Wednesday afternoon in the most high-profile trial stemming from the financial crisis.
How a Global 100 Firm Became a Profit Powerhouse
Organizationally speaking, Slaughter and May is a dinosaur, with lockstep compensation and consolidated foreign offices. But had the Tyrannosaurus rex thrived like Slaughter, it might have lasted a few more million years. According to the Am Law Global 100 survey, Slaughter is one of the 10 most profitable firms in the world, topping its U.K. competitors and trailing only the highest-earning Wall Street players. Two reasons for its success: a focus on high-end mergers and a network of independent firms.Judges in New York just keep doling out bad news for banks caught up in litigation over mortgage-backed securities. The latest defendants to feel the sting are Deutsche Bank, Merrill Lynch, and Morgan Stanley, which learned Friday that they can't escape fraud claims in state court in Manhattan over a combined $457 million in MBS gone sour.
Fresh off a pretrial defeat in a civil fraud lawsuit brought by the SEC, lawyers for former Goldman Sachs trader Fabrice Tourre are just a month away from selecting a jury. On Friday they'll try to convince a judge in Manhattan to let them shine a spotlight at trial on the lawyers who reviewed the ill-fated deal at the heart of the case.
Trainee Retention Rates Drop Below 80 Percent at Top U.K. Firms
Trainee retention rates across the U.K.'s top 30 law firms have been hit by the economic downturn, with most firms with March 2010 intakes retaining under 80 percent of newly qualified lawyers. The average retention rate has dropped nearly 10 percent from March of last year.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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