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Weil Gotshal Cuts Lawyers, Pay Citing Less Demand for Services
Citing a drop in demand for premium legal services that he called the "new normal," Weil Gotshal & Manges executive partner Barry Wolf announced Monday that the firm is trimming associate head count by 7 percent, laying off 110 non-lawyer employees, and cutting the compensation of about 10 percent of its 334 partners.Patent Troll Debate Rages, Firms Pressed to Pick Sides
Clients like Intellectual Ventures general counsel Melissa Finocchio want their outside counsel singing from the same hymnal.'Lawyer's Dream' Becomes Malpractice Nightmare In Sex Tourism Case
A decade of messy litigation involving sex tourism charges against a Bay Area businessman has spawned a bizarre malpractice suit against a pair of elite defense lawyersIn DuPont Case, Accused Spy Hopes for Pretrial Present
Keker & Van Nest's Stuart Gasner and Simona Agnolucci are trying to get their client out of jail to help prep for trial.Firms wary of bankruptcy trustee suits
In April 2003, Steven Garfinkel, the chief financial officer of DVI Inc., wrote a memo to Chief Executive Officer Michael O'Hanlon about the crushing liquidity crisis facing the health care finance company and its implications for a pending stock float. The CFO urged his boss to talk as soon as possible to the company's main outside lawyer, John Healy, a partner in the New York office of Clifford Chance.Winston & Strawn Seeks to Depose GE's Former Chairman
Winston & Strawn has asked a Manhattan court for permission to depose former General Electric Chairman Jack Welch on the eve of trial in a suit against the firm by one of its partners. Anthony LoFrisco claims Winston & Strawn owes him millions of dollars for breaching an agreement that would have allowed him to avoid a process by which partner compensation is reduced each year after age 65. LoFrisco was among Winston & Strawn's most highly paid partners, due largely to his role as billing partner for GE.The Churn: Lateral Moves and Promotions in the Am Law 200
K&L Gates gains a partner in Dubai; a Dewey & LeBoeuf lawyer in Brussels finds his way to Steptoe & Johnson; and Perkins Coie makes three lateral hires. The Churn is constant. Please send all announcements to [email protected].Banks fail to block news aggregator's reports on stocks
The 2nd Circuit ruled that Theflyonthewall.com can report on securities brokerages' stock recommendations as soon as it learns of them, as long as it does not violate copyright law.Trending Stories
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