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King & Spalding Crowned-Again-Passing $350M in Revenue
Julia D. [email protected] Billion-dollar deals and talent raids of New York firms kept King Spalding on top in 2001. The firm's $352 million revenue represents a 17.7 percent increase from 2000's $299 million. "We had a good year," Chairman Walter W. Driver Jr. said.King Spalding's $137 million net income gave the firm's equity partners average profits of $895,425.Burns, Doane Acquired By Buchanan
Following a month-long courtship, the struggling Northern Virginia IP boutique announced last week it would be acquired by Pittsburgh-based Buchanan Ingersoll. The move gives Buchanan 57 attorneys, including 50 in Burns, Doane's Alexandria, Va., headquarters.Courtside: With Footnote, Souter Causes Stir
The footnote was easy to miss. It began on page 27 of Exxon Shipping Co. v. Baker, issued by the Supreme Court on June 25, and it ended on the next page. But Justice David Souter's footnote 17 has reverberated around law schools, leading Hugh Young, a lawyer involved in the landmark punitive damages case, to predict that "it is going to become the great mystery footnote of the decade."Despite June fireworks, a calmer Supreme Court term
Headline-grabbing Supreme Court opinions came fast and furious in June: Gitmo Detainees Get Habeas! No Death Penalty for Child Rapists! Exxon Valdez Punis Slashed! An Individual Right to Bear Arms! All produced sharp splits, with conservatives and liberals winning two apiece. But the justices leave for the summer in a better frame of mind than last term, when the Court seemed ready to break out in fistfights. Like a family that hits a rough patch, did the justices decide this term not to sweat the small stuff?Failure to Plead Demand Futility Risks Losing Attorney Fees
When a defendant engages in arguably unlawful conduct, a plaintiff files an action to complain about and seek relief prohibiting the unlawful conduct, and the defendant thereafter changes its practices and moots the plaintiff's complaint, a plaintiff may be entitled to attorney fees based upon the benefit conferred. Absent such a rule, a plaintiffs counsel could undertake a contingent-fee case, incur fees to investigate and file the action and then wind up with no case and no compensation, even though the defendant had changed its practices in a manner consistent with the plaintiff's demand.'Original Patent Troll' Is Back After Long Hiatus, With a New Name and New Patents
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