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More Law Professors Consult at Firms
Harvard Law School professor Laurence Tribe is one of several high-profile legal scholars who have taken outside jobs with law firms. "It's a useful umbrella for some of the work I want to do," he says. The positions provide professors with some cash as well as provide cachet to law firms, which can tout the scholar's expertise as a mark of distinction. But law schools want to make sure they're getting their money's worth from faculty members. And too much faculty consulting can raise red flags for the ABA.U.S. Firms Standing By For Korea
While Shearman & Sterling waits for Seoul to open up to foreign interests, associate Justin Chang is busy courting potential clients.Expansion-Minded Law Firms Look to Korea
This week, Shearman & Sterling associate Justin Chang is off to Korea, where he hopes to develop relationships that can generate future business. And he and his firm aren't alone. Though China grabs the headlines, Korea and its economy -- the 11th largest worldwide -- are increasingly in the sights of U.S. firms hoping to expand global practices. A handful are lobbying the government there to open up the country to foreign law offices, a step some say could happen as early as next year.The rise and fall of the nation's largest firms
By the numbers, Joseph Tate may be the luckiest lateral of the past 25 years. When Tate moved to Dechert from Schnader Harrison Segal & Lewis in 1991, he was moving from one top-five Philadelphia firm to another. As it turned out, he was also moving from the firm that dropped the most ranks by size in the past quarter-century to the one that gained the most ranks in profits per partner among firms on the original Am Law 100 list (for fiscal 1986).2nd Circuit Calls for State Court Assist in Refco Trustee Suit Against Mayer Brown and Auditors
The 2nd Circuit has asked the New York Court of Appeals to clarify what it called "considerable uncertainty" about an exception to the state law codifying in pari delicto -- the legal principle that you can't blame someone else for wrongdoing if you're equally at fault. Depending on what the state high court does with the 2nd Circuit's referral, the trustee of the Refco Litigation Trust may be able to proceed with a case against Mayer Brown, Grant Thornton, KPMG, PricewaterhouseCoopers and several banks.Calif. Justices Prevent Former Stanford Law School Dean From Representing Genentech
Failing the California Bar examination may have been a bigger deal than Kathleen Sullivan imagined. By a narrow margin Wednesday, the California Supreme Court denied the former Stanford Law School dean's request to appear pro hac vice for Genentech in a case involving a $500 million adverse judgment. Steven Mayer, one of Genentech's attorneys, said he was "disappointed and surprised" by the court's decision, and noted that, just last year, Sullivan had appeared pro hac vice in another Supreme Court case.Milberg Argues Its Use of Witnesses Later Discredited Was in Good Faith
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