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If there is a firm model built for the dawning post-recession era, it's probably a litigation boutique with low overhead and a flexible billing structure. That model has attracted two new converts: Steven Molo of Shearman & Sterling and Jeff Lamken of Baker Botts have announced that they're leaving their firms to start up MoloLamken.
Derrick Dismissed From Shareholder Securities Class Action
A federal judge has granted former Enron Corp. general counsel James V. Derrick Jr.'s motion to be dismissed as a defendant in the massive Enron shareholder securities class action, Mark Newby, et al. v. Enron Corp., et al.Once upon a time, plaintiffs lawyers in the IPO securities class action had visions of billions dancing in their heads. Today, they're quite happy taking $586 million.
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D.C. Stalemate Keeping Some Am Law Attorneys Busy Through the Holidays
Am Law 100 firms in New York and elsewhere are doing what they need to this week to support corporate, real estate, tax, and trusts and estates lawyers working overtime in an effort to squeeze in big deals and prepare clients for the potential tax implications of a dive off the so-called fiscal cliff.V&E came through in a big way for its client, the jilted merger partner. Huntsman ended up with a billion-dollar settlement from Hexion--and V&E collected the lion's share of $43 million in legal fees paid out by Huntsman.
The Tousa ruling created a tsunami of backlash last year, after a bankruptcy court judge ruled the homebuilder's $450 million loan repayment was a fraudulent transfer. Now a federal district court judge says the bankruptcy judge was dead wrong. And he's not pulling any punches.
Factories, warehouses likely top feel hike in interest rates
If interest rates rise, investment in South Florida industrial buildings could become more expensive as the price of borrowed money increases - potentially hampering deal making.Trending Stories
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