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Stars from Shearman & Sterling and Baker Botts Start Litigation Boutique
If there is a firm model built for the dawning post-recession era, it's probably a litigation boutique with low overhead and a flexible billing structure. That model has attracted two new converts: Steven Molo of Shearman & Sterling and Jeff Lamken of Baker Botts have announced that they're leaving their firms to start up MoloLamken, which will have offices in New York and Washington, D.C.Specter Presses Hedge Fund Inquiry
Senate Judiciary Committee Chairman Arlen Specter warned government enforcement officials and the Senate Banking Committee during a hearing Wednesday to get serious about investigating market manipulation by the $1.5 trillion hedge fund industry. Concerns about hedge fund fraud returned to the spotlight after a federal appeals court last week vacated an SEC rule requiring registration of hedge fund managers and periodic exams of their books. "We're dealing with a matter of great importance," Specter said.K&L Gates, Womble Carlyle Partners Defect to Form New Firm
A total of 10 partners are leaving K&L Gates and Womble Carlyle Sandridge & Rice to launch the Morningstar Law Group, a full-service shop offering reduced hourly rates to potential clients in North Carolina's Research Triangle that is the latest new law firm to open with Am Law alums in 2012.The Not-So-Usual Class Action Suspects
Class action work in Australia has traditionally been dominated by two big plaintiffs' firms. But last month it was mid-tier corporate firm Piper Alderman that delivered a victory in a class action against Lehman Brothers. Other mainly defense firms have also been trying the plaintiffs' side on for size.The Bankruptcy Files: Municipalities, Shippers, and Irish Ex-Billionaires
Supreme Court's Refusal To Hear Tobacco Case Part Of Delay Strategy
Lawyers for tobacco plaintiffs say they are fighting a battle of attrition that dates back 19 years in the seminal case of Engle v. Liggett Group and six decades in the legal war between smokers and the tobacco industry.Wealth Has No Effect on Child Support Statute, Judges Find
A father who has custody of his son a majority of the year cannot be made to pay child support to the son's mother, even though the father has $20 million in assets and the mother has no income at all, a divided First Department panel ruled yesterday.Trending Stories
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