Large Firm

Appellate Brief: Chevron, Counsel Used Unfair Tactics to Try to Force Patton Boggs Off Case

In a brief filed this week with the U.S. Court of Appeals for the D.C. Circuit, a well-known law firm accuses its opposing counsel and a major corporation of using unfair tactics to try to force it to step down from representing the plaintiffs in a multibillion-dollar environmental case, the…

Dec 16, 2011 9:04 PM CST

14-Lawyer Vinson & Elkins Public Finance Group to Join Bracewell & Giuliani as Partners

A 14-lawyer public finance practice group from Vinson & Elkins will be joining Bracewell & Giuliani in January as partners, their new firm announced today. The group, which also does tax and muncipal securities work, may be joined at Bracewell by additional Vinson & Elkins lawyers in counsel and associate…

Dec 13, 2011 3:26 PM CST

Theft Trial of Ex-Quarles & Brady Partner Begins re $370K in Checks From Elderly Client

A former partner of Quarles & Brady is on trial for theft, accused of accepting $370,000 in checks from an elderly client in 2003 and 2004 who was not competent to handle her own financial affairs. Jeffrey Elverman, 52, would have had to be working 30 hours per week for…

Dec 13, 2011 2:30 PM CST

Crowell & Moring Settles $5.5M Client Suit re Ex-Counsel Awaiting Extradition in Hong Kong

In its first public response to a $5.5 million lawsuit filed by client Regal Real Estate over millions of dollars allegedly stolen by a former Crowell & Moring attorney from an escrow account, the law firm has apologized and announced that a settlement has been reached. “We are pleased to…

Dec 12, 2011 3:17 PM CST

Stagnant Year-End Bonuses for BigLaw Associates Add Up to Smaller Percentage of Firm Profits

Perhaps it’s due to a perception by corporate clients that leading New York law firms, like Wall Street businesses, are raking in too much money in tough economic times. Perhaps it’s simply that greedy partners want to hog as much of their law firms’ profits as possible. But, whatever the…

Dec 9, 2011 3:25 PM CST

Top 10 UK Law Firm Herbert Smith to Open New York Office

One of the top 10 law firms in the United Kingdom plans to open an office in New York within the next year. Herbert Smith will focus its practice there on international arbitration, international investigations and cross-border disputes, Legal Week reports. Although the firm expects to bring in some American…

Dec 7, 2011 8:24 PM CST

Arnold & Porter to Acquire San Francisco’s 80-Attorney Howard Rice

Arnold & Porter will be adding 80 lawyers and a San Francisco office to its letterhead Jan. 1 with the acquisition of Howard Rice Nemerovski Canady Falk & Rabkin. The two firms announced today that they have agreed to a merger, the Daily Journal (sub. req.) reports. Arnold & Porter…

Dec 6, 2011 9:16 PM CST

Proskauer Will Pay Same Year-End Bonuses to Associates as Cravath

After news that Cravath Swaine & Moore will pay year-end bonuses of between $7,500 and $37,500 to its associates, Proskauer Rose has announced that the same range will apply to associates there. However, there’s one small difference: At Cravath, bonuses will be paid Dec. 9. At Proskauer, associates won’t get…

Dec 5, 2011 9:05 PM CST

Santa or Scrooge: How Do BigLaw Firms Determine Associate Bonuses?

Podcast Transcript: This podcast is produced by the ABA Journal. We bring you the latest legal news every day from around the Web. Visit us online at ABAJournal.com. Stephanie Francis Ward: 2011 has been a crazy year, money-wise. Many big firms made substantial profits in the past 12 months, but…

Dec 5, 2011 2:30 PM CST

After Faltering Profits and Lawyer Reductions, O’Melveny Sees Bright Future with New Chairman

A storied law firm with a 126-year history has struggled a bit in recent years, seeing its profits and attorney roster shrink—although revenue per lawyer at O’Melveny & Myers is up substantially and the firm says it is now on track for its best year ever. Now, in little more…

Dec 2, 2011 6:20 PM CST

Milbank and Skadden Match Cravath’s ‘Lackluster’ Bonuses of Up to $37,500

Two law firms are matching the bonuses announced recently by Cravath Swaine & Moore. The firms are Milbank, Tweed, Hadley & McCloy and Skadden, Arps, Slate, Meagher & Flom, the Am Law Daily reports. The bonuses ranging from $7,500 to $37,500 are “nearly identical” to Cravath’s bonuses in 2009 and…

Dec 1, 2011 12:33 PM CST

Appeals Court Nixes Investor Suit Over Dechert Opinion Letter re $50M Dreier Loan Deal

An investment group that had sought damages from Dechert concerning a fraudulent $50 million loan promoted by the former managing partner of Dreier is out of luck. Reversing a trial court’s denial of a motion to dismiss the Fortress Investment Group suit against Dechert, a New York appeals court today…

Nov 29, 2011 9:11 PM CST

American Airlines Files for Bankruptcy; Weil Gotshal Is Lead Counsel

American Airlines is the last major airline to seek bankruptcy protection with the filing of Chapter 11 papers today in Manhattan. The filing by the AMR Corp. and its U.S. subsidiaries, including American Airlines and American Eagle, follows failed attempts to win labor concessions, report Bloomberg News and the New…

Nov 29, 2011 12:40 PM CST

Cravath Bonuses Signal Lackluster Year for M&A Work, WSJ Says

While they are more than some ordinary workers make annually, the year-end bonuses for associates just announced by Cravath Swaine & Moore show that mergers and acquisition work isn’t booming, according to the Wall Street Journal (sub. req.). The bonuses, which will range from $7,500 to $37,500 when they are…

Nov 29, 2011 12:34 AM CST

Appellate Brief: Chevron, Counsel Used Unfair Tactics to Try to Force Patton Boggs Off Case

14-Lawyer Vinson & Elkins Public Finance Group to Join Bracewell & Giuliani as Partners

Theft Trial of Ex-Quarles & Brady Partner Begins re $370K in Checks From Elderly Client

Crowell & Moring Settles $5.5M Client Suit re Ex-Counsel Awaiting Extradition in Hong Kong

Stagnant Year-End Bonuses for BigLaw Associates Add Up to Smaller Percentage of Firm Profits

Top UK Linklaters Firm Plans to Restructure Again; Up to 35 Partners Could Exit or Be De-equitized

Top 10 UK Law Firm Herbert Smith to Open New York Office

Arnold & Porter to Acquire San Francisco’s 80-Attorney Howard Rice

Proskauer Will Pay Same Year-End Bonuses to Associates as Cravath

Santa or Scrooge: How Do BigLaw Firms Determine Associate Bonuses?

After Faltering Profits and Lawyer Reductions, O’Melveny Sees Bright Future with New Chairman

Milbank and Skadden Match Cravath’s ‘Lackluster’ Bonuses of Up to $37,500

Appeals Court Nixes Investor Suit Over Dechert Opinion Letter re $50M Dreier Loan Deal

American Airlines Files for Bankruptcy; Weil Gotshal Is Lead Counsel

Cravath Bonuses Signal Lackluster Year for M&A Work, WSJ Says

Topics: Career & Practice

2024 Year in Review: Integrated legal AI and more effective case management

Your Voice

We should focus on—and invest in—AI that serves people without lawyers

Podcasts

What generative AI means for the future of predictive analytics

Large Firm

Most Read

Topics: Career & Practice

Your Voice

Podcasts