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Habit and Business Practice Evidence
EvidenceThe fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.
Examiner Anton Valukas avoids stating an opinion about the litigation between Barclays and the Lehman estate and creditors, but his report provides a detailed account of events leading up to the sale. He finds some support for Lehman's argument that certain assets were undervalued--yet no evidence of a quid pro quo conspiracy.
Calculate the Costs Before Handing Out the Offer Letter
Compensation issues are particularly vexing for solo and small firm practitioners. Although the first step is to figure out a basic "going rate" for new attorneys, firms also have to calculate the cost of benefits and assorted "perks." Because not all candidates have the same interests and concerns, it's important for small firms to negotiate those benefits, and to create a written policy so there's no misunderstanding.SEC Chairwoman Mary Jo White chose Philip Falcone and his hedge fund, Harbinger Capital Partners, as the agency's first target in an effort to extract tougher settlements from defendants. What hasn't been publicly noted is that Harbinger is currently a client of White's former firm, Debevoise & Plimpton.
Christensen's prosecutor joins Bingham McCutchen
Assistant U.S. Attorney Daniel Saunders, lead prosecutor in the federal government's criminal case against celebrity sleuth Anthony Pellicano and prominent Los Angeles attorney Terry Christensen, plans to join Bingham McCutchen in March.A Variety of Paths Can Lead to Success
On Sept. 19, Texas Lawyer assembled a panel at the University of Houston Law Center to talk to a group of law students on a variety of topics. The panelists, six lawyers included in Texas Lawyer's "40 Under 40," held forth on what distinguishes a good lawyer from a great lawyer, balancing work and family, and the importance of mentor-mentee relationships.Finding Counsel for Noncitizens
Judge Robert A. Katzmann, on the occasion of being honored with the Federal Bar Council's Learned Hand Award, told his audience: "This evening I speak to you about what we, together, bench and bar, can do to help meet an urgent, pressing need - the need for adequate representation for a vulnerable population of human beings - immigrants. Immigrants often come to this country in fear, fleeing from persecution, escaping from poverty, not knowing the language, not knowing to whom to turn for competent legal advice, all the while working to make a better life."Trending Stories
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