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Cadwalader Laying Off 35 In Wake of Slumping Markets
Cadwalader, Wickersham & Taft's large practice advising on the issuance of mortgage-backed securities helped catapult the firm to the top of the legal profession's profitability charts over the past few years. But the market for such securities has all but disappeared since late summer, leading the firm to announce it was laying off 35 lawyers.Rural Telecoms Target Washington in Fee Fight
A group of rural telecom providers' claim that industry giants put the squeeze on their businesses after the small companies figured out a way to increase profits and drive telephone calls to their lines has mushroomed beyond its humble Iowa roots to Congress and the FCC. At the center of the whirlwind is Kelley Drye Collier Shannon, which is advising the rural telecoms in court and on the Hill, and providing a perfect illustration of how D.C. firms can serve clients across several distinct platforms.Asset Battles Aim at Lawyers' Wallets
The battle over frozen assets and the right to counsel are at the forefront of two corporate fraud cases. In a federal court in Alabama, lawyers for former HealthSouth Chairman Richard Scrushy asked for limits on the government's attempt to freeze Scrushy's personal assets. And a D.C. attorney told a federal judge in New York that he wouldn't be representing U.S. Technologies' executive C. Gregory Earls, whose personal assets were frozen in March.L�pez Torres, plaintiffs-appellees v.New York State Board of Elections, defendants-appellants
Judicial Convention System Rejected; System Violates First Amendment Rights of Candidates, VotersIPO 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.ABCs of Small Firms Wanting to Reach Clients Online
What constitutes a successful small firm Web site? Assuming you are not a legal behemoth, is it necessary or practical to maintain a Web site that may take potential visitors a half an hour to peruse? Sometimes, less can be more. Especially in a small town environment, potential cyberclients cannot be expected to just "click and hire" an attorney. But, the right information, presented simply and succinctly online, can be a great way to start the attorney-client relationship.Despite Plea for Harmony, Court Term Ends on Dissonant Note
A U.S. Surpeme Court term that began with hope and at least limited evidence that a new era of consensus had begun dissolved in its final weeks into a blizzard of quarrelsome writing that clarified little and robbed some decisions of their precedential force.The Sierra Club Challenges Validity of Pryor's Judgeship
While senators in Washington, D.C., enjoyed a judicial nominations truce on Wednesday, the fight escalated in Atlanta, as the Sierra Club asked the Eleventh Circuit U.S. Court of Appeals to disqualify Judge William Pryor Jr. from hearing a case. The San Francisco-based Sierra Club filed a 43-page motion with the court arguing that President Bush's February recess appointment of Pryor violated the U.S. Constitution.High Court Avoids Immigration, Focuses on RICO's Application to Business Relationships
In Wednesday arguments that were supposed to draw the Supreme Court into some of the immigration issues causing controversy across the nation, Mohawk Industries' employees claimed the company's hiring of illegal aliens depressed wages and amounted to racketeering as defined under RICO. Instead, immigration was barely mentioned, as arguments quickly devolved into a dense debate over the RICO statute's ambiguous wording and whether a corporation can be part of a separate "enterprise" covered by the law.Trending Stories
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