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LeBoeuf Lamb Gets Leaner, And Some Say Meaner
According to this year's AmLaw 100 survey of the nation's top-grossing law firms, New York's LeBoeuf Lamb Greene MacRae had profits per partner of $855,000 in 2002, up a striking 21 percent from the year before and a record for the firm.Name Partner Schulman Exits Milberg Weiss
Steven Schulman, a name partner at Milberg Weiss Bershad & Schulman, resigned from the embattled class action firm Friday, seven months after he and another partner were indicted in an alleged kickback scheme. Lawyers familiar with the case said the timing of his departure was designed to maximize his payout on leaving the partnership. Schulman's spokesman said the resignation will have no impact on Schulman's joint defense with the firm, but some say Schulman is not averse to negotiating with prosecutors.Reaching Nirvana in the Middle of the On-Campus Interview
The writers attempt to answer the age-old question: What should you do when the OCI interviewer asks you, "Have you ever listened to 'K. Billy's Super Sounds of the '70s?'" OCI is an exciting time in a student's life, until the point when it isn't. For those on law review, that point never comes, but for everybody else, the slide down the class rankings is a slide down the OCI ladder of success.Paul Cappuccio: AOL Time Warner GC-To-Be
Having won the race to nab the top legal job at the newly merged AOL Time Warner, Paul Cappuccio is scheduled in the fall to take over an operation overseeing more than 350 lawyers in four cities. According to friends and colleagues, "Pooch," as his friends call him, is no stranger to daunting challenges, with one of his former partners at Kirkland & Ellis describing him as a "force of nature."Former Hollinger GC Passes the Buck in Fraud Trial
How does a general counsel stay out of jail if he's been accused of helping company executives line their pockets with millions of shareholder dollars? If he's Mark Kipnis, the former legal chief at Hollinger International, he pleads lack of experience and shifts the blame to the company's outside counsel. Pointing the finger may get Kipnis off -- he faces up to five years in prison -- but some experts say that his defense is the equivalent of career suicide.Joint Venture Compensation Suit Survives Statute of Frauds Defense
A New York appellate panel has ruled that the statute of frauds is "generally inapplicable" to agreements to create a joint venture, and that an alleged oral compensation agreement is capable of being performed in one year for purposes of the statute. Reversing a lower court decision, the panel allowed a business consultant to proceed with his suit alleging that he entered a joint venture with hedge fund management company principals who later fired him and reneged on an oral compensation agreement.Music Search Engine Suit Goes Forward
The battle continues between a California-based search engine and the record labels suing it for alleged copyright infringement.Trending Stories
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