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Bankruptcy Lawyers Rev Up for WorldCom
One day after WorldCom filed for bankruptcy, law firms from coast to coast were already feeling the ripples. According to court documents, WorldCom has already sought to retain six firms as it attempts to reorganize under Chapter 11. "Bankruptcy lawyers are starting to talk about running out of firms who can handle big cases like this," said Sonnenschein Nath & Rosenthal bankruptcy partner Michael Lubic.Where Does All That Associate Money Go?
Although the money seems to be raining down on fresh law school graduates like on no generation before, some young attorneys in Silicon Valley seem more concerned with the practical items in life than with spending their earnings lavishly. None said they felt particularly wealthy or admitted to a big celebratory splurge after the recent round of first-year associate raises. But several admitted -- under the cloak of anonymity -- to driving BMWs or living in expensive neighborhoods.New Jersey Firms Still Aren't Players in N.J. Deal Work
In a record year for mergers and acquisitions, New York law firms last year continued to dominate the landscape, handling the most valuable deals in New Jersey. Of the 30 largest New Jersey deals last year -- totaling $155.35 billion -- 26 New Jersey corporations turned to New York law firms.Court Finds Insufficient Basis For Legal Malpractice Claim
N.Y. High Court to Consider Law Firms' Right to Defer Compensation
The New York Court of Appeals has agreed to hear a case concerning law firms' ability to withhold capital contributions and compensation from departing partners. The court granted leave to two former Fish & Neave partners who are suing their old firm for allegedly trying to penalize them for defecting to another firm ahead of Fish & Neave's 2004 merger with Ropes & Gray. A ruling could have a major impact on law firm mergers, a number of which have recently been announced in the state legal market.N.Y. Lawyers Dig Deep for Kerry
At age 80, lifelong Republican Robert Pennoyer has become a top fund-raiser for the Kerry-Edwards campaign in New York. As a lawyer, he's far from alone in political fund-raising; attorneys have given more to both parties than any professional group nationwide. And while George W. Bush snared more lawyer donations in 2000 than did Al Gore, this year attorneys have reverted to old habits, favoring the Democrats. In New York, the Kerry ticket is outdrawing its rivals by more than 2 to 1.IPO Case Hits Big Snag At Second Circuit
A federal appeals court Tuesday vacated class certification in six key cases in the massive litigation over dot-com era initial public offerings - a potentially devastating setback for plaintiffs in the biggest consolidated securities class action in U.S. history.You Needn't Be a Specialist to Help Refugees
Based in Richardson, Texas, Susie Hoeller, of counsel to Dallas' Haynes and Boone L.L.P., is a high-tech and computer lawyer, so what is she doing representing a 17-year-old Kosovo Albanian refugee? Hoeller and other members of the private bar, together with the Lawyers' Committee for Human Rights, chip in by providing pro bono legal services to Kosovo refugees.East Coast Firms Boost Bonuses, Some Doubling Last Year's Rates
In tabulating bonuses for 2004, it appears that associates at East Coast firms may have had the jolliest holidays of all.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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