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Mid-Market Firm Seeks Direction in Wake of Client Ameriquest's Woes
The message at a recent Buchalter Nemer outing in Napa Valley -- ramp up business development -- may have seemed like standard retreat fare. But at Buchalter, the message has extra urgency: Its anchor client, a leading subprime lender, may soon be out of business. The fate of Ameriquest -- which lawyers at the firm say accounts for up to 20 percent of Buchalter's business -- is one of the challenges facing managing partner Rick Cohen and his firm as it tries to keep its mid-market position.Loeb & Loeb Is Latest L.A. Firm to Go Beyond Showbiz
Loeb & Loeb has become the latest L.A. law firm to expand beyond representing entertainment businesses and talent by forming a mergers and acquisitions practice group. Andrew Ross, chairman of the M&A group, says the firm is looking to grow the practice from 30 lawyers to 50 in the next few years. Legal experts say firms that previously focused on representing talent in the entertainment field are shifting toward media and Internet clients, which have increased their deal flow as they consolidate or grow.Do UPL Restrictions Apply to Impeachment Lawyers?
A Connecticut statute says anyone not admitted to practice in the state shall not practice law or even "assume to be an attorney" on pain of being in contempt of court and facing a criminal charge. That could spell trouble for legal superstars like Washington's Seth P. Waxman, chosen by Gov. John G. Rowland and the panel considering his impeachment. For his part, Waxman says he disagrees that the statute prohibits the kind of work he will be doing for Rowland.Connecticut's UPL Barrier Removed for Reich, Waxman
The Connecticut General Assembly passed an emergency bill last week authorizing out-of-state lawyers to work for the legislature and the governor on impeachment matters. As a result, five lawyers not admitted in the state can take part in the complex battle before the House committee overseeing the impeachment investigation of Gov. John G. Rowland. But the remedy raised a new debate: In acting, did lawmakers violate the constitutional separation of powers?Trending Stories
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