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January 10, 2003 | Law.com

Prominent Law Firms Move to Limit Liability

In a sign of increased caution in the post-Enron world, two of New York's most prominent law firms have elected to become limited liability partnerships. Sullivan & Cromwell and Paul, Weiss, Rifkind, Wharton & Garrison both acquired Limited Liability Partnership status effective Jan. 1, thus ending a combined 250 years of operation as general partnerships.
3 minute read
January 23, 2003 | Law.com

Bad Year for N.Y. Law Firms Handling M&As

How bad a year was it for New York mergers and acquisitions lawyers? Just ask any lawyer not aboard for Pfizer's $61.3 billion acquisition of Sweden's Pharmacia, which accounted for almost 15 percent of the total value of announced U.S. merger activity in 2002. The dearth of U.S. deals even knocked New York firms off of the summit of the worldwide rankings.
4 minute read
November 01, 2000 | Law.com

British Firms Lead the Way to New Technology

London firms are making technological strides with extranets, private networks that enable lawyers to talk to and exchange documents with their clients over a secure Internet connection. Most U.S. firms haven't felt the same need to develop extranets, but according to Davis Polk & Wardwell's Michael Mills "Years from now, everyone will have advanced extranets, and they'll seem as vital to legal practice as the phone and Xerox machine."
4 minute read
July 13, 2000 | Law.com

Court of Appeals Upholds Verdict, $454M Damages in Six Flags Suit

A Georgia Court of Appeals panel affirmed the state's largest-ever jury verdict -- a $454 million blow against Time Warner, -- and did so resoundingly. The panel repeatedly found a jury had ample evidence to support its award of $197 million in compensatory damages and $257 in punitive damages to investor-owners of the Six Flags Over Georgia theme park.
7 minute read
August 24, 2007 | Law.com

How Much Will 'Best Law Firms for Women' List Influence Attorneys?

Female law students entering the recruiting season have another weapon for their interviewing arsenal: a list of the 50 U.S. firms deemed most woman-friendly. The survey by Working Mother magazine and Flex-Time Lawyers covers benefits and compensation; parental leave and policies; child care; workforce profile; flexibility; and retention and advancement. Some women in the profession, however, question how much of an impact the list might have on a newly minted attorney's employment decisions.
7 minute read
May 31, 2001 | Law.com

Antitrust Group Wants Speedier Merger Reviews

Arguing that year-long antitrust reviews serve no one, officials at the American Antitrust Institute are proposing guidelines to expedite negotiation of consent decrees. The guidelines call for merging parties to submit detailed information with their Hart-Scott-Rodino filing about potential antitrust issues. The agencies then would give the deal priority consideration.
4 minute read
February 06, 2003 | Law.com

Flying High on Chapter 11

James Sprayregen started laying out a bankruptcy strategy for UAL Corp., which owns United Airlines, long before the embattled airline filed for Chapter 11 protection this past December. Kirkland & Ellis' leading bankruptcy partner had already earned his airline bankruptcy wings -- piloting Trans World Airlines through its third reorganization in 2001.
4 minute read
December 17, 2001 | Law.com

Vivendi Makes $1.5 Billion EchoStar Investment

Vivendi Universal and EchoStar Communications Corp. surprised everyone Friday by announcing an eight-year strategic alliance capped by Vivendi's obtaining a 10 percent stake in the direct-broadcast satellite operator for a cash payment of $1.5 billion. According to Charlie Ergen, EchoStar's chairman and CEO, the deal with Vivendi puts EchoStar on "sound footing" to meet all of its financial obligations.
5 minute read
May 30, 2003 | New York Law Journal

Duffy Named Mediator for Enron Litigants

5 minute read
June 01, 2007 | Law.com

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.
5 minute read

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