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East Coast Firms Boost Bonuses, Some Doubling Last Year's Rates
In tabulating bonuses for 2004, it appears that associates at East Coast firms may have had the jolliest holidays of all.In Indian Land Suit, County Found to Act in Good Faith
In the latest development in the ever-evolving Indian land claim litigation in New York state, a federal judge has ruled in a test case that Madison County, N.Y., acted in good faith when it acquired and improved disputed territories; therefore, any damages must be based on the value of unimproved land. The dispute, involving the Oneida Indian Nation and some 300,000 acres of central New York, is steeped in history and acrimony.Legal Business Falls With Plunge in IPOs
A dire market for initial public offerings this year has triggered an abrupt halt in work for corporate lawyers who regularly handle issues associated with those financings. So far this year, only four companies have gone public, compared to 25 in the first four months of 2008, according to Renaissance Capital, an independent IPO research firm based in Greenwich, Conn. And as of April 29, only five companies this year have filed documents with the U.S. Securities and Exchange Commission to go public, a 93.8 percent decline from the 81 in the same period in 2008.Huge Blackout Closed Courts, Firms Made Do
As darkness descended on the Midtown Manhattan offices of White Case Thursday night, stranded lawyers and other staff members gathered in the firm's word processing center around a cluster of working phones.Justices React Skeptically To Judge Selection Challenge
U.S. Supreme Court justices yesterday heard oral argument regarding New York's 86-year-old convention system for nominating candidates for the 328 seats on the Supreme Court. Opponents argue that the system discourages both voters and candidates from participating in the system. However, attorneys arguing for its defenders emphasized the First Amendment associational rights belonging to political parties.Wilson Partner Picks O'Melveny as Path to China
After spending months helping plan Wilson Sonsini Goodrich & Rosati's entrance to China, Kurt Berney is taking a different route; he's making the move to Shanghai with O'Melveny & Myers. The corporate partner says he's eager to work in China, particularly with the growing firm. "We are seeing a lot of tech deals in China," said Howard Chao, who heads O'Melveny's Asia practice. "We are doing a lot of IPOs coming out of China on the Nasdaq, more and more M&A deals."Brobeck Loses a Top Biller in Its New York Office
Brobeck, Phleger & Harrison's securities litigation group sustained another blow Monday -- this time in the firm's New York office. Rainmaker Gregory Markel, one of the group's top-billing partners and a member of the firm's policy committee, is exiting for New York's Cadwalader, Wickersham & Taft. Securities litigator Ronit Setton, who joined Brobeck's partnership ranks earlier this year, will leave with Markel.Jury Rejects Woman's Argument That Faulty Stage Led to Injuries
A Montgomery County jury returned a defense verdict in a personal injury case in which a woman fell while working as a caterer for an event.Trending Stories
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