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Clawback Controversy Now Clouding Dewey Bankruptcy
Publication Date: 2013-10-24
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The fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.

June 23, 2004 | Law.com

U.S. Law Firms Look to Scale the Great Wall

As new laws facilitate foreign investment in China, U.S.-based firms seem bent on reaping the rewards of that country's flourishing economy. Some 40 law firms are already busy with corporate matters, including IPOs and privatizations. Next on the horizon: the telecom industry and the outsourcing boom. Says John Kuzmik, head of White & Case's China practice, "As long as no one starts bombing Taiwan, things are going to be good for firms."
8 minute read
September 16, 1999 | Law.com

N.Y. Firms Seek Valley Niche

Top-flight technology lawyer Francis Currie made a trade: Help New York's Davis Polk & Wardwell get its Silicon Valley office off the ground, and the firm would one day send him to one of its international offices. That drove him earlier this month to sever a coveted and close 15-year working relationship with technology law patriarch Larry Sonsini. Currie's hire was a coup for Davis Polk, one of the newest arrivals in a recent push by New York firms to set up shop in the Silicon Valley.
6 minute read
September 15, 2003 | National Law Journal

D.C. Firms, All Grown Up Now

In 1978, new associates made $23,000, the largest firm in town had 214 lawyers, and billing 1,500 hours a year was the norm. The D.C. legal market has come a long way, as law firms have evolved into highly profitable, business-minded enterprises.
17 minute read
December 18, 2008 | Daily Report Online

Nonequity partners may be next casualties

Forget associate layoffs. The most precarious position for attorneys in big law firms right now may well be among the nonequity partner ranks. Although two-tier partnerships have existed in some law firms for decades, more recently many firms have drastically boosted their nonequity numbers as a way to transition associates into full-partner status and to determine which attorneys can cut it as a firm owner in the future.
6 minute read
April 06, 2007 | Law.com

Government Nixes Stem Cell Patents

In a decision that could widen the field for stem cell research in the U.S., the Patent and Trademark Office has overturned 10-year-old patents held by the University of Wisconsin after a complaint brought by two watchdog groups. The PTO rejected three patents held by the Wisconsin Alumni Research Foundation, the licensing arm of the state university. A challenge to the patents convinced the patent examiner that researchers in the U.S. and Australia had done earlier work that made the WARF claims "obvious."
5 minute read
February 07, 2006 | National Law Journal

D.C. Firms View China With Caution

Dozens of U.S. firms have swept into the Chinese market in recent years -- 39 of the largest 250 U.S. firms have offices in Shanghai, Beijing or Hong Kong. But Washington, D.C., firms have been late to the game, with some justification. Most of the law firm money to be made stems from burgeoning corporate activity -- foreign investment, IPOs and mergers and acquisitions -- which is largely the province of big firms in New York and L.A. Still, China won't be ignored -- there's just too much money at stake.
10 minute read
February 07, 2007 | Law.com

Associates React to Jones Day and Weil Gotshal Salary Raises

Jones Day and Weil, Gotshal & Manges have joined the list of law firms paying California first-year associates $160,000 rather than the $145,000 embraced by most homegrown firms. And now California's associate messageboards are crammed with anonymous young lawyers carping about their firms' failure to match the higher New York scale. But many associates accept the idea that New York and California are distinct markets -- and some would like to keep it that way.
5 minute read
December 07, 2010 | Law.com

Continental Guilty in Concorde Crash, French Court Rules

A French court has convicted Continental Airlines and one of its mechanics of manslaughter for setting off a chain of events that sent a supersonic Concorde crashing into a hotel outside Paris a decade ago, killing 113 people. Both mechanic John Taylor and the airline said they would appeal.
6 minute read
September 27, 2007 | Law.com

The Global 100

12 minute read

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