March 31, 2008 | National Law Journal
Former Latham partner pleads guilty to defrauding clients, firmA former partner at Latham & Watkins pleaded guilty Friday to defrauding both clients and his own firm by charging them more than $300,000 in personal or false expenses. In announcing the guilty plea of Samuel A. Fishman, a mergers and acquisition specialist in Latham's New York office from 1993 to 2005, prosecutors noted that the firm had reimbursed its clients hundreds of thousands of dollars that had been fraudulently charged.
By Anthony Lin
4 minute read
May 31, 2002 | Law.com
Mergers Create Two National Mega-Law FirmsAccelerating an industrywide consolidation trend, four firms are moving ahead with two separate merger plans to create mega-firms of more than 800 lawyers each. On Thursday, Boston's Bingham Dana and San Francisco's McCutchen, Doyle, Brown & Enersen announced their union, one of the largest transcontinental mergers to date. Last week, St. Louis' Bryan Cave voted to merge with New York's Robinson Silverman Pearce Aronsohn & Berman.
By Anthony Lin
6 minute read
June 26, 2008 | National Law Journal
Cleary seeks vindication in appeal on sanctionsIt was a matter of honor that brought Cleary Gottlieb Steen & Hamilton to the 2nd Circuit Wednesday. Lawyers from the elite law firm filled many of the gallery seats as Cleary's lawyer, Roy Reardon of Simpson Thacher & Bartlett, told the panel of judges that last year's sanctions order by New York federal Judge Loretta Preska was the result of a calculated campaign by a global hedge fund out to impugn the integrity of the law firm that frequently opposes its efforts to collect on distressed sovereign debt.
By Anthony Lin
5 minute read
February 01, 2012 | The American Lawyer
Locally SourcedSimpson Thacher snapped up practice heads from Freshfields and Linklaters for its Hong Kong law debut.
By Anthony Lin
7 minute read
March 11, 2011 | Daily Report Online
Tokyo lawyers stranded at offices in aftermath of 8.9 magnitude quakeLawyers at major international and domestic firms were among those Tokyo residents left stranded at their offices Friday evening by a massive earthquake that knocked out elevators and transport in the Japanese capital.The 8.9 magnitude earthquake, which originated Friday afternoon around 80 miles offshore of northeastern Japan, spawned a devastating tsunami that washed away houses and cars in coastal areas near the epicenter.
By Anthony Lin
4 minute read
November 05, 2008 | National Law Journal
Do law firms still aspire to a New York presence?Law firms just about everywhere have long dreamt of having a New York presence, a Wall Street book of business and sky-high profits to match. But with Wall Street facing an unprecedented crisis, can the New York obsession endure? Some firms believe that emerging from the crisis will be consolidated banking giants, which will be more cost-conscious than fading profligate investment banks. Such a scenario could be disastrous for elite New York firms while benefiting out-of-town firms willing to work for less.
By Anthony Lin
7 minute read
April 02, 2008 | Law.com
Oregon 'Blue Sky' suit proceeds against Seward & Kissel in New YorkAider and abettor claims against lawyers in securities fraud cases are barred under federal law, but a New York federal judge has ruled that a suit brought under Oregon's "Blue Sky" law may proceed against a New York law firm. The suit by an Oregon-based investor stems from Seward & Kissel's representation of Wood River Partners, a hedge fund that collapsed in 2005. The suit claims Seward & Kissel helped Wood River perpetrate fraud by drafting documents and allowing its name to be used in a fund prospectus.
By Anthony Lin
3 minute read
January 21, 2008 | National Law Journal
Ex-Samsung GC talks about bribesWhen can a general counsel blow the whistle on his own company? That's the question raised by a recent case rocking South Korea. Kim Yong-chul, the former top lawyer at Samsung Group, announced in November that he and other company executives had paid bribes to Korean government officials for years.
By Anthony Lin / New York Law Journal
4 minute read
January 30, 2003 | Law.com
Associates Find Ways to Beat the OddsHow hard is it to make partner these days? At the end of last year, 18 of New York's 25 largest law firms announced a total of 61 Manhattan-based associates who'd been elevated to partner. But an associate need no longer take those odds sitting still. As a multitude of firms eagerly expand into new practice areas, associates are finding they can have more than one bite at the apple.
By Anthony Lin
4 minute read
October 08, 2007 | National Law Journal
Sidley Austin settles age bias suitSidley Austin has agreed to pay a $27.5 million settlement to end a closely watched age discrimination suit brought by the EEOC on behalf of 32 former partners who were demoted to counsel status in 1999 by the firm then known as Sidley & Austin. The case had drawn much attention to the issue of age at law firms, many of which maintain mandatory retirement policies for partners. It also showed how the corporate-like management structures typical of today's large firms have altered the nature of partnership.
By Anthony Lin
7 minute read
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