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Holiday Gifts for the Silicon Valley Stars
Going Public: Not sure what to get for the Menlo Park power broker who has everything? If an ambassadorship is out of your price range, we list a few movers and shakers and what they need.Former Irell Partners' New Firm Thrives
Three former Irell & Manella partners wanted to lower billing rates so they started their own L.A. litigation boutique.Milberg Partners Talk Pleas With Prosecutors
On Wednesday, four top-level Milberg Weiss partners spent an hour in the U.S. Attorney's Office in Los Angeles trying to negotiate a deal. The session came amid rumors and media reports raising questions about the firm, its lead partner, Melvyn Weiss, and William Lerach, the former star partner whom prosecutors have been after for nearly eight years -- and who may be stepping away from the firm. There's speculation that a departure may be linked to a potential guilty plea from former partner David Bershad.Latham and Gibson Dunn Raise N.Y. Salaries to $160,000
California associates still dreaming of New York-sized salaries are in for a rude awakening. West Coast standard bearers Latham & Watkins and Gibson, Dunn & Crutcher announced that they're increasing first-year associate pay to $160,000 in New York, but only to $145,000 in California and elsewhere. Orrick, Herrington & Sutcliffe, Heller Ehrman and Paul, Hastings, Janofsky & Walker also announced the same increase -- except that Orrick will also raise Washington, D.C., first-years to the $160,000 scale.Jones Day: Lehman Judge OK'd Barclays Sale Based on 'Inaccurate Record'
Lehman Brothers' lawyers at Jones Day have filed a motion asking a judge to modify the order approving last September's sale of Lehman's crown-jewel investment arm to Barclays. Jones Day argues the judge OK'd the deal based on "an inaccurate record due to mistake, inadvertence, or misrepresentations to the court." At the time he approved the asset sale, Jones Day's team asserts, the judge was not told that certain Lehman executives brokered a behind-the-scenes discount of several billion dollars for Barclays.Fish & Neave Flirts With Ropes & Gray
Intellectual property firm Fish & Neave has sat on the porch and held hands with Boston-based Ropes & Gray, but it hasn't yet decided to go to the altar. That's what firm Chairman Jesse Jenner told lawyers and staff at a firmwide meeting in New York this week. Jenner said the meeting was called to dispel rumors that a merger was to take place within 10 days. "We've had preliminary talks with Ropes & Gray, but there's no deal," he said. "They are not the only firm we've talked to."Tolling Determination Reinstates Housing Bias Claim
Stanford University Loses Appeal on Patents for HIV Test
Stanford spent a lot of time pursuing a patent case against Roche for its HIV test kits. Unfortunately for the university, it's also spent a lot of time losing. On Wednesday, the Federal Circuit ruled that Stanford didn't have standing to sue because it didn't own all the patent rights and ordered the case dismissed. The appellate court undid previous rulings that had disposed of the case in a different way, ruling that the patents were invalid.Trending Stories
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