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April 16, 2008 | National Law Journal

Malpractice Suit Proceeds Against Paul Hastings

A New York judge has allowed a legal malpractice suit alleging faulty due diligence work by Paul, Hastings, Janofsky & Walker to proceed. Investor Ronald Katz hired the law firm to represent him in connection with a $3 million investment in a company called Humitech. Katz claims the lawyers failed to determine that Humitech was not the beneficial owner of certain mineral rights he expected to obtain, and that other collateral in the form of stocks was encumbered.
1 minute read
June 06, 2007 | National Law Journal

LeBoeuf Lamb Establishes Entertainment Practice

LeBoeuf, Lamb, Greene & MacRae has launched a New York-based entertainment practice, to be led by L. Londel McMillan, who is joining LeBoeuf from his own firm, the McMillan Group. McMillan has represented pop icons Prince, Michael Jackson and Stevie Wonder, among others.
1 minute read
June 13, 2007 | National Law Journal

Steptoe's Latest Steal Is From Kirkland

Steptoe & Johnson is boosting its newly created Century City office with the addition of partner Robbin Itkin, who joined the firm from Kirkland & Ellis Monday. Itkin, who was a Kirkland partner, will launch the West Coast restructuring and insolvency practices for 450-lawyer Steptoe. Itkin is bringing "most" of her clients, and one associate. Her work includes representing debtors, creditors and purchasers and trustees in corporate restructuring and bankruptcy.
2 minute read
March 29, 2007 | National Law Journal

Epstein Becker Bolsters Real Estate Practice

Epstein, Becker & Green has recruited seven real estate lawyers from the New York office of Roseland, N.J.'s Lowenstein Sandler. The group is headed by Adrian Zuckerman, the former head of Lowenstein Sandler's New York real estate practice. Epstein Becker has 380 lawyers in 11 offices nationwide.
1 minute read
November 08, 2007 | National Law Journal

Wal-Mart Memo Slams Associate Pay Hikes

Wal-Mart demanded a freeze on across-the-board rate increases from its outside counsel in a memo last week, claiming that associate salary hikes have had an unacceptable impact on law firm billing rates. The retail giant told its network of outside counsel said that while the salaries firms chose to pay junior associates were "none of its concern," the company was worried by the impact pay hikes were having on charge-out rates.
2 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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January 11, 2008 | National Law Journal

Gamble Pays Off for Some Boies Schiller Associates

David Boies, the founder of Boies, Schiller & Flexner, loves the thrill of placing bets both at the casino and on big contingency cases. In November one of those bets paid off when Visa agreed to pay his client American Express as much as $2.25 billion to settle an antitrust suit. The payday for Boies and his partners should be huge. For associates who worked on the case, however, their share of that fee depends on how each decided to roll the dice -- the deal was a partial contingency arrangement.
3 minute read
January 02, 2008 | National Law Journal

Litigation Department of the Year: Gauging the Finalists

3 minute read
November 30, 2007 | National Law Journal

Simpson Thacher Picks Up SEC Deputy Director

Peter Bresnan, deputy director of the Securities and Exchange Commission's division of enforcement, is passing through the revolving door and heading to Simpson Thacher & Bartlett's Washington, D.C., office in December. During his 12 years at the SEC, Bresnan took the lead on several high-profile cases, including the multibillion-dollar accounting fraud suit again WorldCom. Settled in 2003 for $750 million, it was the largest penalty ever assessed against a U.S. company by the SEC.
2 minute read
February 02, 2007 | National Law Journal

Milbank Tweed Adds Compensation Specialist From Dewey

Dewey Ballantine -- which saw a series of partner departures while it first announced, and then called off, plans to merge with San Francisco's Orrick, Herrington & Sutcliffe -- has now lost compensation and benefits practice head Paul J. Wessel to Milbank, Tweed, Hadley & McCloy. Among other high-profile transactions, Wessel was part of Dewey's team representing hospital operator HCA in its leveraged buyout by a group of private equity funds.
1 minute read
April 11, 2008 | National Law Journal

U.S. Economic Slowdown Has Firms Looking to India for Deals

Market collapse got you down? Why not take a lead from Cleary Gottlieb and head to the shores of sunny Mumbai? As reported Thursday by Bloomberg, the firm got a taste of doing business in India when it represented Mumbai-based energy company Reliance Power in its $3 billion IPO in January. "The growth outside of the United States has clearly outstripped the growth inside the United States," Cleary Gottlieb managing partner Mark Walker told Bloomberg.
1 minute read

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