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Attacks Likely to Spur Chapter 11 Bankruptcies
Even before the Sept. 11 terrorist attacks, bankruptcy and insolvency practices were booming, with record Chapter 11 bankruptcy filings during the second quarter of this year. Now, with concerns of an even weaker economy, legal experts predict that bankruptcy law is moving into an unprecedented era resulting in firms raiding other firms, higher salaries for partners and brutal work schedules.E-Discovery Zero Hour Approaches
As the new Federal Rules of Civil Procedure draw ever closer, "everybody is a little terrified," according to a law firm partner. Particular fear greets Rule 26(f), which requires that parties address the preservation of electronic information 21 days before their first scheduling conference. The upshot: Lawyers need to get organized and help clients corral electronic information pronto. From building "response teams" to learning to think and speak tech, the time to ramp up on e-discovery is now or never.FTC Opens Huge Trial of Chip Designer
With more than $1 billion on the line, lawyers for memory chip designer Rambus Inc. squared off against the Federal Trade Commission last week in the opening round of one of the biggest administrative proceedings in FTC history -- involving 500,000 pages of documents and 18 major law firms. The FTC has charged Rambus with abusing its intellectual property rights to illegally monopolize the market for a widely used form of computer memory.It's Official: Fairey Lawyers Want Out
In a motion filed with the court, lawyers representing artist Shepard Fairey in the copyright fight with the Associated Press over his "Obama Hope" poster asked that they be allowed to step aside so that Jones Day and a pair of law professors can take over the case.GCs Have Their Day in Supreme Court
Lawyers dream of arguing a case before the highest court in the land, but only a handful of general counsel have had the opportunity.Marshall's D'Agostino Quits; Accrediting Woes Unresolved
John Marshall Law School Dean Robert J. D'Agostino resigned Wednesday amid continuing problems in the Atlanta school's battle for American Bar Association accreditation. He says he believes someone better connected with the ABA may have more success in gaining accreditation. The announcement comes days after the publication of the school's poor performance on the Georgia bar examination.Trending Stories
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