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Calif. Companies Switching to New York Firms
In 1996, Yahoo! Inc. used Silicon Valley-based Venture Law Group to handle its sizzling-hot IPO. But this year, when Yahoo! bought France's bargain-hunting Web site Kelkoo for $575 million, it tapped a New York shop to work the deal.
Can the 'Jewish Law Firm' Success Story Be Duplicated?
Before the 1980s, there were white-shoe firms and there were Jewish firms, and the former worked to keep it that way. Nowadays, with Sullivan & Cromwell tapping an ordained rabbi as its next chairman and Weil Gotshal operating offices from Brussels to Singapore, the once-stark differences between the firms have nearly faded. University of Denver law professor Eli Wald says a profession that still struggles with the promotion of women and minorities should look again at the experience of Jewish lawyers.World Trade Center Insurance Case Heads for Trial
The defeat suffered by World Trade Center leaseholder Larry Silverstein places his bid to collect almost $7 billion in insurance money for the destruction of the twin towers in the hands of a jury. Insurance company lawyers were exultant Friday over a decision by the 2nd Circuit, and said the ruling clears the way for almost 20 insurance companies to present evidence that employees for Silverstein's insurance broker believed the attacks were one occurrence.
Latham and Gibson Dunn Raise N.Y. Salaries to $160,000
California associates still dreaming of New York-sized salaries are in for a rude awakening. West Coast standard bearers Latham & Watkins and Gibson, Dunn & Crutcher announced that they're increasing first-year associate pay to $160,000 in New York, but only to $145,000 in California and elsewhere. Orrick, Herrington & Sutcliffe, Heller Ehrman and Paul, Hastings, Janofsky & Walker also announced the same increase -- except that Orrick will also raise Washington, D.C., first-years to the $160,000 scale.New York Court of Appeals Roundup
L ast month the Court of Appeals decided two criminal cases involving Sandoval rulings on the extent to which prior convictions could be used to impeach an accused exercising his right to testify and indicated that trial courts will be granted wide latitude in determining the scope of such cross-examination. It also dealt with the application of the doctrine of preclusion based on the public policy of denying recovery to those injured in the course of committing illegal acts.Gibson Dunn Raises First-Year Associates Salary to $135,000
Rulings Question Valley's Cozy Business Culture
A series of court rulings from Delaware is putting Silicon Valley's cozy business community under a microscope. Courts there are finding flaws in the way the Valley defines things like fiduciary duty and director independence. David Berger, a Wilson Sonsini partner, said the recent rulings are warnings that some practices the Valley took for granted won't pass muster in the wake of corporate scandals like Enron.Trending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
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