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After cycling through nine sets of his own lawyers, Paul Ceglia, the man claiming to own at least half of Facebook, wants a judge to exile Facebook's lawyers at Gibson Dunn and strip them of their fees. Facebook's lawyers, meanwhile, want a judge to force Ceglia to turn over a letter from Kasowitz Benson they say shows once and for all that he's a fraud.
The Pitfalls of Law Firm Mergers
In recent years, law firm acquisitions and dissolutions have changed the landscape of the U.S. legal marketplace. Joy Newton Martini, U.S. Chief Marketing Officer of Lovells, writes that, with the dizzying pace of such mergers, breakups and lateral hiring, clients are finding it harder and harder to articulate differences between firms. Identifying that "certain something" that sets a firm apart is more critical than ever to achieving long-term success with the in-house counsel doing the hiring.King & Spalding Ups Ante to Match Alston's Pay for First-Years
King & Spalding matched Alston & Bird's $15,000 increase in associate starting pay Wednesday, but made no mention of pay increases for senior associate classes. The raise brings first-year partner-track associates to $145,000, effective Jan. 1. Recruiters predict King & Spalding will go on to establish a pay scale with less compression or a more merit-based system, where pay for more senior associates is tied to performance. Another option, said one: Pay bigger bonuses to midlevel and senior associates.Duane Morris Enters Singapore Market, Has Plans for Vietnam
Duane Morris Chairman Sheldon Bonovitz is making good on his plan to grow the 600-attorney firm to over 1000 lawyers with offices across the globe.Lawyers Earn Actual Cash in Virtual World
Firms are opting to expand into the relatively uncharted territory of Second Life, an online simulated universe with more than 8 million users � and growing.For the first time, China's securities regulator has agreed to turn over audit documents related to an ongoing SEC investigation of a U.S.-listed Chinese company.
Maine Agrees Not to Enforce Predatory Marketing Law
A group of trade associations and a publishing company have succeeded in stopping a Maine law against marketing to minors that exposed them to private lawsuits. The state Legislature was worried about companies using information they gathered from minors online to market prescription drugs, but the organizations say the Maine Predatory Marketing Law violates the First Amendment and would have barred newspapers from publishing stories about minors and colleges from marketing to prospective students.In Anderson Case, Uneasy Role for Firms
A handful of law firms face being pulled into the largest tax fraud case in U.S. history. Though none has been accused of wrongdoing, business lawyers who worked with indicted telecom baron Walter Anderson and the companies he controlled risk becoming embroiled in the courtroom brawl between prosecutors and Anderson's defense attorney, Abbe Lowell, who is strongly signaling that his defense will examine the advice Anderson received from lawyers and accountants.Trending Stories
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