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Lawyers Fill Candidates' Coffers
The pressure to raise enormous sums for the presidential race is on, and lawyers are delivering. Law firms and individual attorneys have poured nearly $17 million into presidential campaigns within the last year, putting them on target to boost what they gave in the 2000 election by more than half. Says a Gibson, Dunn & Crutcher partner who has pulled in more than $200,000, "We have money, we have awareness, and we have interest."Microsoft Pares Its Legal Army
The army of law firms once used by Microsoft Corp. is now just a platoon. That's because the Redmond, Wash.-based company is evaluating the more than 100 firms it turns to for legal help. So far, 20 firms have landed spots on a "preferred provider" list. But there's a catch: Firms would have to renegotiate their billing structure, as well as provide detailed data on diversity and staffing. The company also imposed a rate freeze until the program is finalized later this year.Remarks on Detainees Cement Bond Between Firms and Corporate Clients
When Pentagon official Charles "Cully" Stimson rattled off a list of firms representing Guantanamo Bay detainees in a now-infamous radio interview, he predicted that businesses would shun their outside counsel. But instead of getting dumped, those firms are largely enjoying support from Fortune 500 clients. General Electric GC Brackett Denniston, for one, says GE will not discriminate based on a firm's pro bono choices -- good news for the more than 120 corporate firms handling detainee cases.On Tuesday the world's largest retail trade association vowed to go to court if necessary to fight a proposed $7.25 billion class settlement with Visa, MasterCard and their partner banks, arguing that the deal "does nothing" to curb the card companies' alleged manipulation of credit card swipe fees. Constantine Cannon, meanwhile, has rejected accusations that the firm faces a conflict of interest in its efforts on behalf of merchants that object to the settlement.
The former Reagan White House official will pay $7.2 million to settle claims arising from his tenure as CEO of Collins & Aikman, but he'll be able to credit against this amount $4.4 million that he's already agreed to pay to settle two related shareholder suits.
Two Newsweek legal writers say the Yale Law School dean should be confirmed, but nevertheless contend that his views on "transnational jurisprudence," if taken to their extreme, could "erode American democracy and sovereignty."
High court returns to a busy schedule
Blockbuster opinions, riveting oral arguments and a possible retirement loom in the next six months of the U.S. Supreme Court's term. Plus, how Michigan's suit over Asian carp got to the Court so fast, and Justice Scalia's fond remembrance of "Sh-Boom."Ashcroft Opponents Find Little Ammunition
It looks good, it sounds good: Liberal advocacy groups arming for war, talking tough and taking aim at John Ashcroft, the Republican nominee for attorney general, hoping to Bork him back to Missouri. But with Ashcroft's confirmation hearing coming as soon as this week, these groups are scrambling to come up with something stronger than the hand they're holding.Trending Stories
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