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Updated Special Report: Crisis on Wall Street
As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on the firms handling the bankruptcies, the fate of in-house legal teams, and the legal implications, economic domino effect and other ramifications for lawyers and the legal profession. Check back for regular updates from ALM publications.Lab Alleges Patent Denied due to Attorney's Plagiarism
Ropes & Gray has moved to dismiss a suit by Cold Spring Harbor Laboratory that accuses the firm and a former partner of malpractice for allegedly plagiarizing sections of a rival researcher's patent application for use in a Cold Spring patent application.Lawyers Using the Net to Build Cases Draw Fire
Lawyers engaging in pretrial publicity on the Internet is a growing concern within the legal profession, as many fear that online rantings, blogs and press releases by attorneys are potentially tainting the jury pool. While some lawyers are concerned about adversarial law firms posting press releases that are unflattering to their clients, others object to Web sites that give biased, blow-by-blow accounts of pending litigation.Steadfast Insurance Company v. Stroock & Stroock & Lavan LLP
The Am Law 100, the Early Numbers: Stroock Sees Revenue Dip, Profits Inch Up
Stroock & Stroock & Lavan saw gross revenue dip slightly in 2012 to $264 million, while profits per partner were almost flat at $1.2 million. The news comes as Stroock moves to let go of an undetermined number of secretaries in Los Angeles, Miami, and New York, even as the firm prepares to open a new office in Washington, D.C.Arbitrator Backs Stroock in Retirement Pay Fight, Orders Ex-Partner to Pay Firm's $163,000 Legal Tab
Michael Perlis, who sued Stroock & Stroock & Lavan last August just weeks after leaving the firm for Locke Lord, has lost his bid to receive retirement benefits from his old firm. He contends, however, that he dropped his claim before Stroock went forward with arbitration and therefore shouldn't have to pay the legal fees the firm is demanding of him.Stroock to cut associates and staff by 10%
New York-based Stroock & Stroock & Lavan has joined the list of law firms laying off associates and staff. The firm confirmed that it is cutting 10% of its associate positions and 10% of its staff positions.Stroock offers incoming associates $75,000 to reject job offer
The latest law firm to catch a ride on the associate deferral bus is Stroock & Stroock & Lavan — but Stroock's plan has a unique twist: The firm is offering students the option to take the money and run. Students who agree to sever ties and not join the firm at all will get a $75,000 payout. Stroock would make two lump sum payments, the first in September and the second in January of next year. But here's the catch: New hires must decide on this option now.Condo Developers Take On N.Y. Attorney General Over Stroock's Alleged $16 Million Typo
Stroock & Stroock & Lavan is in a curious position in a dispute between buyers and developers of a Manhattan condo project. Condo buyers who have about $16 million in a Stroock-controlled escrow account want that money returned and claim a one-digit typo in the condo offering documents authored by an attorney at Stroock allows them to get out of their contracts and take back their deposits. The New York attorney general's office agrees -- so now, the developers have sued state AG Andrew Cuomo.Stroock Wins Reprieve on $16 Million Escrow Release
Stroock & Stroock & Lavan and its developer clients won a reprieve last week on New York Attorney General Andrew Cuomo's bid to force the firm to release some $16 million from an escrow account for a luxury condo project in Manhattan. Several condominium buyers who wanted their deposits back because of a one-digit typo made by a Stroock lawyer that altered a closing date in the project's offering documents were backed by the state attorney general, who ordered the money released from escrow.Trending Stories
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