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Two More L.A. Big Firm Refugees Start Their Own Firm
Two former lawyers at Morgan, Lewis & Bockius have formed the latest new firm in Los Angeles. Neal Salisian and Richard Lee, both litigators, have formed Salisian Lee to cater to entrepreneurs, real estate developers, small business owners, commercial leasing companies and inventors looking for flexible and lower-cost billing rates from lawyers with Big Law experience. Lee hopes to build a firm of between five and 10 lawyers within five years, including partners and associates, with most of them litigators.Two U.K. Firms Eye the U.S. Market and Its Business Models
Freshfields and Clifford Chance, two top U.K. firms with United States aspirations, are getting serious about making headway in the American market -- and one is going so far as to re-evaluate the lockstep system of compensation. Lately, consultants have warned that lockstep is undermining U.K. firms' ability to compete for top partners, who can get paid much more at firms that reward partners according to business generation. But others say lockstep often works to a firm's advantage in recruiting.The online retailer Newegg Inc. has built up a reputation for crusading against so-called non-practicing entities—often disparaged as patent trolls. But Newegg may have overreached when it picked a discovery fight with NPE pioneer Erich Spangenberg, earning itself a rebuke this week from an East Texas federal judge.
Law Firm Mergers Face a Big Hurdle: Lawyers
The collapse of negotiations for what would have been the first U.S. law firm mega-merger suggest that large-scale consolidation will not come easily to the legal business. When White & Case and Brown & Wood abruptly called off their wedding plans earlier this month, the failed courtship brought into relief some of the problems that have long plagued law firm combinations -- including cold feet.Adversaries' opening statements in Bratz trial present MGA as a thief, Mattel as a bully
About a decade ago, Barbie began losing market share in the high-value fashion doll industry after a small-time competitor, MGA Entertainment Inc., stole trade secrets and the designer at Mattel Inc. who had come up with the idea for the wildly popular Bratz dolls, John Quinn, Mattel's lawyer, told a federal jury on Tuesday.In the latest development in the Chapter 11 of WaMu's parent, a judge refused to appoint an examiner but told Susman Godfrey it can probe the estate's deal with JPMorgan Chase. That doesn't bode well for a settlement--and a plan of reorganization--that's already imperiled.
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