Scott Flaherty, based in New York, covers the business of law with a focus on legal ethics, lawyer misconduct, conflicts-of-interest and litigation involving law firms. He can be reached at [email protected]. On Twitter: @sflaherty18
March 23, 2017 | The American Lawyer
Kramer Levin's Partner Profits Reach Nearly $2MThe 320-lawyer firm reported $353 million in gross revenue, a 6 percent increase over the $332 million that it posted in 2015. Revenue per lawyer also rose to $1.1 million.
By Scott Flaherty
35 minute read
March 22, 2017 | The American Lawyer
Judge Disqualifies Kasowitz and DLA Piper in Contract Dispute, Citing Conflicts of Interest for Both SidesA recent disqualification ruling found that neither Kasowitz, Benson, Torres & Friedman nor DLA Piper should be representing their respective clients in a contract dispute both sides had conflicts of interest.
By Scott Flaherty
24 minute read
March 20, 2017 | New York Law Journal
Dewey Execs Urge Dismissal as Finance Director Ends TestimonyAs a key government witness wrapped up his testimony Monday in the criminal case over Dewey & LeBoeuf's collapse, defense lawyers urged a New York judge to throw out indictments against two former firm executives, arguing that prosecutors had hamstrung their efforts to defend their clients in court.
By Scott Flaherty
7 minute read
March 17, 2017 | The American Lawyer
Dewey Witness Says He Didn't Discuss Accounting Moves with Former Exec DiCarmineA key witness in the criminal retrial over the collapse of Dewey & LeBoeuf told a New York jury Friday that he never discussed improper accounting adjustments with former Dewey executive director Stephen DiCarmine.
By Scott Flaherty
6 minute read
March 16, 2017 | The American Lawyer
Lawyers for Dewey Defendants Question Prosecutors' Deal with Key WitnessAs the Dewey & LeBoeuf criminal retrial continued Thursday, a lawyer for former Dewey chief financial officer Joel Sanders pressed a key witness about changes to his cooperation and plea agreement after an earlier trial ended with a hung jury in 2015.
By Scott Flaherty
9 minute read
March 14, 2017 | The American Lawyer
Perkins Coie Posts Solid Growth in Revenue, ProfitsPerkins Coie posted solid financial growth in 2016, with gross revenue edging up 4.3 percent to $781 million while profits per equity partner grew by 7.3 percent to just less than $1.2 million.
By Scott Flaherty
28 minute read
March 13, 2017 | The American Lawyer
Dewey Finance Chief Says Firm Used 'False' Accounting to Mask ShortfallsFormer Dewey & LeBoeuf finance director Francis Canellas, a key witness in the long-running criminal case over the firm's collapse, told a New York jury on Monday that the now-defunct firm failed to tell lenders about its struggles to pay vendors and partners in the years before its 2012 bankruptcy.
By Scott Flaherty
6 minute read
March 10, 2017 | New York Law Journal
Dewey & LeBoeuf Witness Describes Tightening Noose as Audits LoomedA key witness in criminal case over the 2012 collapse of Dewey & LeBoeuf testified Friday that he facilitated improper accounting adjustments and took steps to hide them from auditors after discussing the adjustments with former Dewey CFO Joel Sanders.
By Scott Flaherty
6 minute read
March 09, 2017 | New York Law Journal
A Star Witness Returns for Dewey & LeBoeuf RetrialTestimony from star witness Francis Canellas wasn't enough to secure convictions against Dewey's leaders in 2015. Will prosecutors fare better this time?
By Scott Flaherty
9 minute read
March 08, 2017 | The American Lawyer
Three Firms Admit to Overbilling, Agree to Pay $2M for Probe of BillsJudge appoints retired federal judge to conduct probe of fee requests from Labaton Sucharow, Lieff Cabraser Heimann & Bernstien and Thornton Law Firm.
By Scott Flaherty
12 minute read