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Insurance settlement will finance public-interest scholarships in Georgia
Two law schools in Georgia will received a windfall of student scholarship money thanks to unclaimed class action settlement funds.
Ex-FTC lawyer joins Morrison & Foerster
A former deputy assistant director at the Federal Trade Commission, Sean P. Gates, has joined Morrison & Foerster's Los Angeles office as a partner.
O'Melveny cuts 200 attorneys, staff; Dewey, Shearman cut support staff
Three major law firms announced layoffs of attorneys and support staff on Wednesday. O'Melveny & Myers is laying off 90 lawyers, including associates and counsel, and 110 staffers. Both Dewey & LeBoeuf and Shearman & Sterling announced that they have cut a significant number of support positions, which comes on top of Orrick, Herrington & Sutcliffe's decision on Tuesday to lay off 200 support staffers and 100 attorneys.
Long-running IPO action settles for $586 million
A settlement has been reached in the long-running litigation over the gaming of initial public offerings by investment banks and issuing companies. In papers released Monday, lawyers said they have agreed to settle for $586 million. The suits alleged that underwriters drove up the price of new issues by requiring clients to buy blocks of stock at ever-higher prices -- and failed to disclose this fact to investors who were later burned by the collapse of the market in tech stocks.
Law Journal Press | Digital Book
Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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CRIMINAL PRACTICE | Defendant's relatives can be in court
Granting a petition for a writ of habeas corpus, the 2d U.S. Circuit Court of Appeals held that a trial court judge's ruling that a defendant's relatives could not be present for the testimony of an undercover narcotics officer, unless they were blocked from seeing the officer by a screen, violated the Sixth Amendment right to a public trial.Williams & Connolly raises first-year salaries to $180,000
The race to throw vast sums of money at first-year associates continues. Amid speculation as to which Washington, D.C., firm would be the next to raise salaries to $160,000, Williams & Connolly has reportedly jumped out of the pack and boosted first-year pay all the way up to $180,000. One reason for the firm's sometimes higher base salaries: Unlike most firms, Williams & Connolly doesn't offer year-end bonuses.
N.C. Central dean returning to private practice
Raymond Pierce, the dean of North Carolina Central University School of Law, will step down at the end of the academic year to become a partner in the Raleigh office of law firm Nelson Mullins Riley & Scarborough.California may raise the bar on ethics
California bar leaders, worried that law students aren't being drilled sufficiently on legal ethics, are leaning toward the toughening of the state's requirements for passing a nationally administered test on the subject.Michelle Simon appointed Pace Law interim dean
Pace Law School of White Plains, N.Y., appointed Michelle S. Simon to be its interim dean, succeeding Stephen J. Friedman, who became Pace's president on June 4.Trending Stories
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