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Bankruptcies continue to generate big fees
It's been a good time to be a bankruptcy lawyer. Though it's been almost three years since the economy began its meltdown, several massive bankruptcies are continuing to generate big fees for attorneys.Take, for instance, the Lehman Brothers Holdings Inc. bankruptcy, which-as widely reported by major news outlets-crossed the $1 billion fee threshold several months ago.Associates React to Jones Day and Weil Gotshal Salary Raises
Jones Day and Weil, Gotshal & Manges have joined the list of law firms paying California first-year associates $160,000 rather than the $145,000 embraced by most homegrown firms. And now California's associate messageboards are crammed with anonymous young lawyers carping about their firms' failure to match the higher New York scale. But many associates accept the idea that New York and California are distinct markets -- and some would like to keep it that way.Viacom Urges Second Circuit to Revive YouTube Suit
Attacking a 2010 grant of summary judgment to YouTube under the safe harbor provision of the Digital Millennium Copyright Act, lawyers for Viacom, The Football Association Premier League Ltd. and other plaintiffs argued that YouTube clearly knew it was committing copyright infringement on a massive scale.As Troll Debate Rages, Firms Pressed to Pick Sides
Clients like Intellectual Ventures GC Melissa Finocchio want their outside counsel singing from the same hymnal.Should Peregrine's Former High-Flying GC Have His Wings Clipped?
Rick Nelson was Peregrine's high-flying GC during its heyday, but did his desire to rise to the top keep him from saying no to practices that led to the company's fall? That question may soon be answered: In July, Nelson was indicted on multiple counts of fraud for allegedly misstating company revenue. Nelson has pleaded not guilty and is scheduled to stand trial in April. He's told investigators that any failures were due to inexperience; he became Peregrine's GC only four years out of law school.Trending Stories
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