August 09, 2007 | Law.com
White & Case Elects New ChairmanWhite & Case has elected banking and project finance partner Hugh Verrier as its new chairman, succeeding managing partner Duane D. Wall, head of the 2,000-lawyer firm since 2000. Under a new governance structure adopted by the firm in May, Verrier will lead an executive committee consisting of himself and three other partners of his choosing. The firm will also have a partnership committee with eight elected members.
By Anthony Lin
1 minute read
June 20, 2008 | Law.com
N.Y. Court Upholds Agreement That Gave Firm Tech Company Stock as FeeA Manhattan appeals court has ruled that a defunct law firm be awarded 2 percent of a tech company's stock based on a retainer signed during the dot-com boom, for Goldston & Schwab to represent Bandwidth for one year in exchange for four shares of stock. In its decision, the court noted that a single share of stock in Bandwidth was valued at $10,000 in 1999 -- but an attorney in the case noted that, in its appeals brief, the company itself said Alan Goldston's share could now be worth $7.8 million.
By Anthony Lin
3 minute read
February 24, 2006 | Law.com
Former Marsh General Counsel Joins O'MelvenyWilliam L. Rosoff, the former general counsel of Marsh & McLennan Companies Inc., has joined O'Melveny & Myers as a senior partner. Rosoff was the chief lawyer for Marsh, the world's largest insurance brokerage firm, from October 2000 until November 2004, when he resigned in the wake of New York Attorney General Eliot Spitzer's civil suit charging the firm with rigging bids for insurance contracts and steering clients to insurers that paid it kickbacks.
By Anthony Lin
2 minute read
September 01, 2008 | Corporate Counsel
Taiwan Catches Patent Auction FeverIn October it hosts Asia's first patent auction open to foreign bidders.
By Anthony Lin
4 minute read
June 14, 2006 | Law.com
No Conflict Seen in Advising ShareholderA law firm that previously represented a small investment company is not barred from representing one of the two equal shareholders in litigation adverse to the estate of the other, a state judge has ruled. The estate of investment manager John F. Beiter, who died suddenly last August, had sought to disqualify Willkie Farr & Gallagher from representing Beiter's former partner in a dispute over the disposition of Beiter's interest in Resolution Partners, the investment company they co-founded.
By Anthony Lin
2 minute read
April 18, 2007 | Law.com
Chadbourne & Parke Reopens Dubai OfficeChadbourne & Parke has reopened an office in Dubai after a 14-year absence. The office will be led by Jack Greenwald, a former Chadbourne partner who has been running a legal consultancy in Dubai. The firm said its reopening was in response to Dubai's growth as a regional financial center.
By Anthony Lin
1 minute read
July 13, 2006 | Law.com
EEOC Moves to Compel Testimony on Changing Sidley Partners' StatusThe Equal Employment Opportunity Commission, which is suing Sidley Austin for age discrimination on behalf of 31 partners demoted or expelled in 1999, has moved to compel the firm to produce a deposition witness to testify about the firm's reasons for changing the partners' status. The information sought by the EEOC would be considered highly sensitive at any firm; several demoted partners last year asked the EEOC to drop them from the case if it meant risking public disclosure of their personnel records.
By Anthony Lin
2 minute read
September 18, 2006 | National Law Journal
Dreier Acquires Bankruptcy Boutique Traub BonacquistNew York's Dreier law firm has acquired well-known bankruptcy boutique Traub, Bonacquist & Fox, an eight-lawyer firm that has participated in several of the largest bankruptcies of recent years. Paul Traub will become co-chair of Dreier's bankruptcy practice, and four other Traub Bonacquist lawyers will become partners at Dreier. Three associates will also make the move.
By Anthony Lin
1 minute read
September 28, 2007 | Law.com
Judge Dismisses Some of Former Hedge Fund Client's Claims Against Akin GumpA New York judge has granted Akin Gump's motion to dismiss several claims by a former hedge fund client, but has permitted a fraud claim to go forward. James McBride and Kevin Larson, the principals behind the Veras series of funds, had sued Akin Gump for $4.4 billion, claiming the firm advised them that the trading of mutual fund shares after the market close was a legal practice. Justice Bernard Fried ruled Thursday that five of the causes of action were duplicative of Veras' legal malpractice claims.
By Anthony Lin
2 minute read
October 13, 2006 | National Law Journal
Mandatory Retirement Policy Prompts Weil Gotshal Partner to Join Dewey BallantineA. Paul Victor, one of Weil, Gotshal & Manges' most senior partners, has joined Dewey Ballantine, where he will become a litigation partner. A prominent figure in the antitrust bar, Victor is leaving Weil Gotshal after 38 years, due to the firm's strict policy of mandatory retirement for partners at age 68. "I wasn't ready for that," he said. "I'm having too much fun doing what I'm doing."
By Anthony Lin
2 minute read
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