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Tally for 2011: $6 billion-plus
Top Washington law office revenues are on the rise, a reversal from two years earlier when the gross revenue of Washington-area law offices fell for the first time in more than a decade.Mayer Brown in Crosshairs for Legal Work on Refco
Joseph Collins, Refco's principal outside lawyer for more than 10 years, was the fifth person charged with Refco crimes, but the only one who wasn't a company insider. Charged with securities fraud, bank fraud and related charges, he faces a sentence of up to 30 years if found guilty. In a decade that's seen waves of corporate scandals -- Enron, WorldCom, Tyco, Adelphia and Global Crossing -- Collins stands alone as the only outside lawyer to be indicted. Why him?Revenues Up at Washington's Top Firms
The 25 highest-grossing law offices collectively pulled in $6.3 billion last year.Former Judge Helps KPMG Survive Shady Tax Shelters
Five months after retiring as chief federal judge for the Northern District of Oklahoma, after 10 years on the bench, Sven Erik Holmes Mr. Holmes was back in a federal court, without his robes, and under drastically different circumstances. This time, the U.S. Attorney in Manhattan looked on as Mr. Holmes, now the chief legal officer for KPMG LLP, signed a document to keep his company from being criminally prosecuted.Cite as: In Re Wachovia Equity Securities Litigation, 08 Civ. 6171 (RJS), NYLJ 1202489220302, at *1 (SDNY, Decided March 31, 2011)District Judge Richard J. Sull
It certainly wasn't good news for Mayer Brown when partner Joseph Collins was convicted in July of conspiracy, securities fraud, and wire fraud arising from his work as an outside lawyer for the fraudulent brokerage firm Refco Inc. But, as far as the firm is concerned, things could be worse. So far, Mayer Brown has succeeded in beating back nearly every attempt to hold it liable in civil suits for the damage caused by Refco's collapse in 2005. In the latest victory, a federal judge this week dismissed a suit brought on behalf of some of Refco's former brokerage customers who claimed to have lost more than a half billion dollars.
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