August 29, 2006 | Daily Report Online
Attorney's $2 Million 9/11 Fee Called 'Shocking, Unconscionable'LAURA BALEMIAN, whose husband Edward J. Mardovich died in the World Trade Center, received one of the largest awards paid out by the September 11th Victim Compensation Fund: $6.7 million. But she in turn paid out what is almost certainly the highest legal fee. While the vast majority of victims were represented before the fund pro bono or for a nominal fee, Balemian paid her lawyer, Thomas J.
By Anthony Lin
10 minute read
April 16, 2004 | Law.com
Why Law Firms Tend to SettleWhatever advice they may give their clients, major law firms tend to follow the same strategy whenever they themselves are dragged into court: They settle. Most believe that juries would be unsympathetic to them and that a trial would be damaging to their practices, attorneys say. But the predisposition to settle has kept courts from clarifying issues of law firm liability and given plaintiffs lawyers an incentive to go after law firms.
By Anthony Lin
8 minute read
January 12, 2007 | National Law Journal
Suit charging BAR/BRI with antitrust breach to proceedA Manhattan federal judge has ruled that the BAR/BRI bar exam review is comprised of separate state-specific and multistate components that could potentially be tied and forced on consumers in violation of antitrust laws.
By Anthony Lin
4 minute read
January 26, 2004 | National Law Journal
The Seven-Year SwitchThe partnership track at most firms is getting longer, with associates waiting eight years or more for their first shot at becoming a shareholder.
By Anthony Lin
6 minute read
May 25, 2012 | Law.com
Trading House RulesGeneral trading companies, or sogo shosha, play a unique role in Japan's economy. The biggest of them have their hands in a huge proportion of cross-border deals involving Japanese companies. That makes them fantastic clients for international law firms. And, sometimes, troublesome interlopers.
By Anthony Lin
6 minute read
July 23, 2007 | National Law Journal
Mayer Brown faces $17M lawsuitAs Mayer, Brown, Rowe & Maw readies for potential claims arising out of its representation of failed commodities brokerage Refco, the Chicago law firm's work for another bankrupt company has already triggered a $17 million suit against it. The bankruptcy trustee for defunct health care management company CMGT Inc. has sued its former lawyers at Mayer Brown for failing to challenge lawsuits brought against the company by its former financial adviser, Gerry Spehar.
By Anthony Lin
7 minute read
April 03, 2006 | National Law Journal
'Citizen Skadden'? Stake in Newspaper PossibleIs Skadden, Arps, Slate, Meagher & Flom about to get into the newspaper business? That is the intriguing possibility raised by the powerhouse law firm's long-running fee dispute with the owner and publisher of the Pulitzer Prize-winning San Juan Star, Puerto Rico's largest English-language newspaper.
By Anthony Lin
5 minute read
May 10, 2004 | National Law Journal
Milberg Weiss split is a done deal�officiallyFollowing nearly a year of anticipation, securities class action giant Milberg Weiss Bershad Hynes Lerach has divided into two separate law firms, one based in New York and the other in San Diego.
By Anthony LinAmerican Lawyer Media News Service
5 minute read
August 01, 2006 | National Law Journal
Billing clients for private calls ends in sanctionA former tax partner at Willkie Farr & Gallagher has been suspended from practice for one year for billing clients for $30,000 worth of personal long-distance calls.
By Anthony Lin
5 minute read
Trending Stories