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October 05, 2006 | National Law Journal

Lieff-Milberg Merger Falls Through in Talks

Merger talks between New York plaintiffs giant Milberg Weiss and San Francisco's Lieff Cabraser Heimann & Bernstein have ended. Lawyers familiar with the negotiations said they ultimately hinged on the willingness of Milberg Weiss' Melvyn Weiss, who's spent the past four decades or so keeping his firm at the top of the plaintiffs bar. With such a history, it's a tough decision to relinquish control. Milberg Weiss is currently under indictment for allegations it paid illegal kickbacks to clients.
2 minute read
June 27, 2006 | National Law Journal

Jones Day Withdraws $3.4 Million Suit Against Scrushy

Earlier this year, Jones Day filed a $3.4 million lawsuit in the U.S. District Court for the District of Columbia against Richard Scrushy, former CEO of HealthSouth, for unpaid legal bills. Jones Day was working on helping Scrushy unfreeze assets seized by the government, but Scrushy dropped Jones Day from his legal team. Last week, Jones Day withdrew its case with prejudice, indicating a settlement might be in the works.
2 minute read
October 19, 2007 | National Law Journal

Howrey Following in Jones Day's Footsteps by Switching to Merit-Based Pay

Howrey's recent announcement that it would discard lockstep compensation for its associates in favor of merit-based pay garnered lots of attention over the summer. But to lawyers at Jones Day, the giant 2,200-lawyer law firm, it's nothing new. "We've always been a one-guy-at-a-time, merit-based firm," says Joe Sims, a Jones Day litigator since 1978. And although some newcomers are skeptical of the Jones Day system, one attorney says merit-based pay encourages him "to do good work."
3 minute read
November 16, 2007 | National Law Journal

Freshfields and Allen & Overy Latest to Enter U.S. Bonus War

Freshfields Bruckhaus Deringer and Allen & Overy have become the latest U.K-based firms to announce they will be paying one-off bonuses to their New York associates. Both firms have met market rates, with associates at Freshfields to be given from $10,000 to $50,000 depending on seniority, in addition to the firm's scheduled bonus of between $35,000 and $65,000. The special bonus will be paid at the end of this month, with a year-end bonus being paid on December 31.
2 minute read
February 19, 2008 | National Law Journal

Judge Ups Damages in Stent Patent Case to $501 Million

A patent judgment against Boston Scientific Corp. has jumped to $501 million after a Texas federal judge tacked on an additional $69 million in interest. U.S. District Judge John Ward ruled Thursday to expand the damages award -- decided by a federal jury in Marshall, Texas -- to cover interest on royalties dating back to the medical device maker's 2004 U.S. launch of drug-coated heart stents.
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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October 10, 2007 | National Law Journal

DLA Piper Replaces Asia Director

DLA Piper attorney Alastair Da Costa will become the firm's managing director of Asia next year when Nick Seddon steps down from the role. Da Costa, who is currently the head of the firm's corporate group for Europe, Middle East and Africa, will move to Asia from London to take the new post. Under Seddon's leadership, the firm expanded its practice in Asia to more than 400 employees in six offices.
1 minute read
May 08, 2007 | National Law Journal

Survey Measures Lateral Partners' Satisfaction With New Firms

As more law firms base their business and growth strategies around lateral hires -- and partners are increasingly willing to pick up and leave their firms -- a new survey by legal recruiters Major, Lindsey & Africa shows that lateral partners are happier at their new firms than they were 10 years ago. However, the bad news is that their expectations about a firm's ability to expand and support their practices are not being met -- a leading factor in why many choose to jump ship in the first place.
2 minute read
September 21, 2006 | National Law Journal

King & Spalding M&A Co-Head Moves to Clifford Chance

Clifford Chance has recruited to its New York office the former co-head of the mergers and acquisitions practice at King & Spalding. John L. Graham, who was a partner in Atlanta-based King & Spalding's New York office, has handled major transactions in the media, telecommunications and real estate industries. He is one of several partners Clifford Chance has recruited in recent months.
1 minute read
January 22, 2008 | Law.com

DLA Piper Embroiled in $30M Negligence Claim

DLA Piper has become embroiled in a $29.4 million negligence claim brought by U.K. property company Hampton Trust. The claim names legacy firms DLA, Dibb Lupton Alsop and Alsop Wilkinson -- now absorbed into the transatlantic giant -- as defendants. It centers on allegations of fraudulent activities between former Hampton Trust directors and a former partner of the legacy firms, who retired from the partnership two years ago. DLA Piper is not accused of any wrongdoing in its current form.
2 minute read
April 30, 2007 | National Law Journal

Associate Pay Climbs at Top London Firms

As most U.K. firms approach the end of their current financial years, the Magic Circle has started to reveal new pay levels for London associates for the coming year. First up are Allen & Overy and Clifford Chance, which have both unveiled significant rises in their junior attorneys' pay.
2 minute read

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