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New Litigation Discovery Rules Take Effect
New litigation discovery rules dealing with electronic communications are causing headaches for lawyers and their corporate clients. Some of the amendments to the Federal Rules of Civil Procedure, which took effect Friday, are so broad that experts say every company should review its information retention and storage policies. But, according to one attorney, "The new rules really lay out the disclosure requirements. It is not so much what you have to preserve, but what you have to tell the other side."Cooley Godward Banks on Biotech IPOs
Bill Young of ViroLogic Inc. was not a man in a rush. When it came time to bring his 5-year-old biotech company public, he patiently waited until he thought the market conditions were right. Then he put in a call to San Francisco-based Cooley Godward, a law firm that often helps immature startups do everything from protecting their intellectual property to working out problems with their venture backers.The AmLaw 100: How The NY Firms Rank
1999 was another banner year for New York's largest law firms, with profits per partner rising by at least 10 percent at 21 firms, and increases of 25 percent or more at five of those firms, according to The American Lawyer's annual list of the nation's 100 highest-grossing firms. Thirty-two New York firms made the top 100 list this year.Students Take Flight With a Little Help From Bar Association
Top lawyers fought back tears as a teen named Alberto described how he became convinced that he could apply to college. College had seemed unreachable to him, but a trip changed his mind. When the Bar Association of San Francisco sent a group of high school seniors to visit colleges on the East Coast, using the collected frequent-flier miles of 33 Bay Area legal heavyweights, the trip paid off.Specter, Grassley Voice Concern Over SEC Handling of Hedge Fund Probe
Sens. Arlen Specter and Charles Grassley have expressed concern over the SEC's handling of a former agency attorney's allegations that superiors stymied his insider-trading investigation of a major hedge fund, Pequot Capital Management. In a letter, the two Republican senators told Chairman Christopher Cox that, despite SEC cooperation with a Senate inquiry, "many questions ... remain unanswered." The letter also requested that Cox make available several SEC employees for interviews by Senate investigators.Ex-Nixon Peabody partner's co-defendant draws 10-year sentence in Ponzi scheme
The sentencing of a Beverly Hills, Calif., businessman who admitted his role in a $20 million Ponzi scheme might bode ill for his alleged co-conspirator, former Nixon Peabody securities partner David Tamman.When Pro Bono Is More Like an Investment
"Does anyone really think helping someone get rich off a movie qualifies as pro bono work?" asks Philip Morelock, a contract paralegal. Well, as a matter of fact, lots of lawyers think precisely that. Many of them, to be sure, have lent a free helping hand to struggling actors, directors, musicians and other artists, with an eye toward potential paying clients in the event that the struggles turn into stardom. Yet they still call it pro bono.Trending Stories
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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