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Lessons From a Large-Firm Partner Who Set Up His Own Shop
Many partners in large firms dream of chucking it all and setting up their own practice. However, many also fear that they need their firm's name recognition and resources. Mark Zimmett took the plunge more than 15 years ago, leaving Shearman & Sterling to hang his own shingle in New York. And he's lived to tell his tale. Zimmett says that with today's advances in legal technology and his donning of many hats, his four-attorney firm is able to take on the cases many associate with big firms.Were investors wrong to punish TiVo for capping its litigation campaign against the digital television industry with a $490 million settlement?
Most of the world's most powerful private equity firms must face an investor class action alleging that they conspired to drive down buy-out prices for publicly traded companies, a federal judge in Boston ruled Thursday.
School May Bar Cohabitation in Dorms
A New York medical school's policy permitting only students, their spouses and dependent children to reside in college-subsidized housing does not violate the State and City Human Rights Laws and doesn't discriminate on the basis of sexual orientation, a state judge ruled. The judge rejected two lesbian students' claim that the housing policy at Albert Einstein College of Medicine had a disparate impact on homosexuals and granted the defendant's motion to dismiss in Levin v. Yeshiva University.It used to be that Intellectual Ventures could negotiate licensing fees for its patents without going to court. Those days are gone, as the latest complaint filed by Irell & Manella shows.
Litigation Department of the Year: Gibson Dunn
When other firms and conventional strategies come up short, clients in deep trouble turn to Gibson, Dunn & Crutcher -- helmed by marquee partners like Ted Olson -- for fresh, aggressive thinking and innovative rescues. "I call them lifeboat lawyers, because our careers depend on them," says Wal-Mart Executive Vice President Thomas Mars. For those rescues, and a broader record of excellent work for hard-pressed clients, The American Lawyer names the firm its Litigation Department of the Year.Jurisdiction at Issue in Anna Nicole Smith Bankruptcy-Probate Case
Former Playboy model Anna Nicole Smith will attend Feb. 28 arguments at the U.S. Supreme Court in Vickie Lynn Marshall v. E. Pierce Marshall, giving the nine justices on the U.S. Supreme Court a firsthand look at the former reality television star, 1993 Playmate of the Year and TrimSpa diet pill spokeswoman.Sony was counting on the testimony of Craig Thorner to overturn Immersion's $82 million infringement verdict against it. Instead, Sony and its lawyers from New Jersey's Lerner David lost the motion for a retrial--and now face a suit by Thorner, who accused them of paying him $150,000 for his testimony.
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