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April 17, 2006 | National Law Journal

Ruling Upheld on Law Firm's Vote to Change Ex-Partner Payments

A New York court has ruled that a firm acted properly when it voted to defer payments due to exiting partners, including its former managing partner. W. Edward Bailey and Kevin J. Culligan sued Fish & Neave after other partners, shortly before Bailey and Culligan's departure, amended the partnership agreement to institute a cash accounting rather than accrual accounting system. Bailey and Culligan claimed the measure was meant to penalize them but was invalid because it had not been approved unanimously.
2 minute read
October 03, 2007 | New York Law Journal

Marketplace

Christopher West Realty LLC has sold the vacant properties at 414 and 416-418 W. 14th St. for $70 million to two private ventures, 414 West 14th Owners LLC and CRP West 14th Street TIC Owner, LLC. Also, RPL Properties LLC, a privately-owned Indiana-based electronics company has purchased the Chelsea Arts Tower's final available floor at 545 W. 25th St. for nearly $3.1 million
4 minute read
May 31, 2005 | Law.com

Three More Coudert Partners Leave for Other Firms

Even as Coudert Brothers considered taking legal action against Orrick, Herrington & Sutcliffe last week over the poaching of lawyers in London and Moscow, Coudert watched its San Francisco office unravel. Three of the firm's San Francisco partners -- Donald Bartels, Edward Lozowicki and Mathew Troughton -- will leave for other firms in June.
3 minute read
January 20, 2000 | Law.com

High Rollers

New York's Cravath, Swaine & Moore has a $35 million bet riding on the success of the AOL-Time Warner merger in a contingency-fee gamble that is unusually large and risky. As lead outside counsel to longtime client Time Warner in the largest merger in history, Cravath agreed to a fee structure that could net the firm $35 million if the merger closes. But if the deal falls apart, Cravath's lawyers could go home empty-handed.
4 minute read
June 29, 2000 | Law.com

Hitting the Wall

Even with another record year of profits, it doesn't take a cynic to wonder whether the legal market has peaked. Anyone who's been following the legal world for five minutes, let alone years, knows that business has been booming. But the question is: Can it continue at this level?
8 minute read
August 22, 2001 | Law.com

Disputes Leave Leading Brands in Limbo

Ask two lawyers what any term in a contract means and you'll get at least three definitions. So it's not surprising that disputes often arise in mergers over the disposition of assets. In two pending deals -- the merger between Suiza Foods and Dean Foods and the purchase by Diageo of part of Seagram's drinks portfolio -- the stakes are higher than which company gets to use a warehouse or a fleet of trucks.
7 minute read
March 22, 2007 | Law.com

Hot Times in the Toy Store

With some 1,500 stores in 34 countries, Wayne, N.J.-based Toys "R" Us Inc. is one of the world's leading toy and baby products retailers. It operates more than 580 toy stores in the United States and 670 internationally, as well as 250 Babies "R" Us stores. The company employs about 90,000 people, takes in $11 billion in annual revenues and last year ranked No. 208 on the Fortune 500 list. GC David J. Schwartz has tried to create a mini-law firm by organizing his 10 lawyers into practice areas.
5 minute read
October 15, 2003 | New York Law Journal

Real Estate Marketplace

Which New York firms handled a $62.3 million Midtown leasing deal with an international flavor? Plus, the National Thoroughbred Racing Association clears the hurdles and reaches the finish line in its dash for a new headquarters.
2 minute read
October 27, 1999 | Law.com

Dismissal of Tobacco Class Actions Approved

The New York State Court of Appeals refused to reinstate massive class actions against five major tobacco companies, finding the plaintiffs failed to show they were injured by the companies' allegedly fraudulent concealment of the dangers of smoking. The court ruled it is not enough for the plaintiffs to show deceptive conduct induced them to buy cigarettes. It said plaintiffs must prove they suffered financial or physical injury as a result of their addiction to nicotine.
6 minute read
February 08, 2007 | Law.com

Starting Pay at Top Firms Falls Farther Behind Partners'

First-year associate salaries of $160,000 may seem like a jaw-dropping amount to pay for fledgling attorneys, but compared with profits per partner, starting pay at the nation's top law firms proportionately has been at its lowest point in a decade. Richard Rosenbaum, managing partner of Greenberg Traurig's New York office, says that firms need to raise salaries in order to competitively recruit associate talent, but there is a limit, regardless of how they compare to profits per partner.
7 minute read

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