Large Firm

Associate Accused of Insider Trading at 3 Big Firms Also Worked for a Fourth—and Sued for Gay Bias

The associate accused of insider trading based on information obtained from three BigLaw firms may also have made some additional money after working for a fourth. Matthew Kluger, 50, is accused of working with two other conspirators to make $32 million in insider trading profits from information gleaned while working…

Apr 8, 2011 11:28 AM CDT

Law Firm Mergers Are Up; Bloggers Debate How Firm Business Models Should Evolve

There were 16 law firm mergers and acquisitions in the U.S. in the year’s first quarter, and the biggest one saw the 3,500-lawyer megafirm DLA Piper bring in Australian affiliate DLA Phillips Fox and its 600 lawyers. “Although we expect 2011 to be a rebound year for law firm mergers,…

Apr 7, 2011 9:43 PM CDT

Eight Orrick Litigators Jump to Two Firms; Weil Practice Group Head Moves On

Groups of lawyers from Weil and Orrick have moved to new law firms. Edwin Woodsome Jr., formerly national chair of the litigation group at Orrick, is moving to Dechert, along with three other Orrick partners. They will establish a new Los Angeles office for Dechert, according to a press release.…

Apr 7, 2011 4:52 PM CDT

Associate Charged in Alleged $32M Insider Trading Scheme Involving 3 BigLaw Firms

A former associate has been charged in an alleged $32 million insider trading scheme based on information he obtained while working at three of America’s largest law firms. Matthew Kluger is accused of misappropriating information on mergers from Wilson Sonsini Goodrich & Rosati; Cravath Swaine & Moore; and Skadden, Arps,…

Apr 6, 2011 2:53 PM CDT

Suit Accuses Dewey and Staffing Firm of Failing to Pay OT

A technology worker claims in a lawsuit that he has been working as much as 56 hours a week at Dewey & LeBoeuf since 2009 without receiving any overtime pay. The suit by Charlemagne Dumay names as defendants the staffing firm that employs him, Robert Half International, as well as…

Apr 6, 2011 1:00 PM CDT

Winston MP Cites Client Conflicts in Failed Attempt to Hire 140 Howrey Partners

Winston & Strawn managing partner Tom Fitzgerald says conflicts of interest stymied his firm’s ambitious plans to hire 140 partners from the crumbling Howrey law firm. Only 15 Howrey partners ended up joining Winston & Strawn, the Chicago Tribune reports. They were among a group of about 40 Howrey lawyers…

Apr 5, 2011 1:27 PM CDT

Duke Law’s ‘Tricky Dick’ Musical Signals Shift in Administration’s Stance on Nixon

For decades, the Duke University School of Law has downplayed its association with arguably its most notorious graduate: Richard M. Nixon. However, in a sign that the university is slowly embracing its ties with the embattled president, Duke law students on Friday performed Tricky Dick, a musical imagining an ethically…

Apr 4, 2011 7:03 PM CDT

Reed Smith Offers Free GC Hotline to Answer Questions of Clients’ Top In-House Lawyers

When a top in-house lawyer is deciding how to approach an unusual problem, it might well be helpful to talk with a seasoned counterpart. But even for a corporation’s general counsel, deciding who to call and wondering how much the session might cost can be daunting. Apparently sensing a marketing…

Apr 1, 2011 9:07 PM CDT

In the Last Four Years at Debevoise, the Majority of New Partners are Women

For the last four years, the majority of new partners at Debevoise & Plimpton have been women. The law firm has announced 15 new equity partners from 2008 to 2011, and nine have been women, the Careerist reports. The percentage of females attaining partnership outpaces that of other large law…

Apr 1, 2011 12:56 PM CDT

Tab for Lawyers, Other Professionals in Madoff Aftermath Estimated to Exceed $1B

Lawyers and other professionals hired to clean up the aftermath of Bernard Madoff’s Ponzi scheme are expected to cost more than $1 billion. As of the end of last year, professionals hired in the Madoff cleanup had earned $288 million, the Washington Post reports. A report recently submitted to Congress…

Apr 1, 2011 12:24 PM CDT

Sedgwick Decides Shorter Is Better

Sedgwick, Detert, Moran & Arnold is getting a makeover. The law firm has officially shortened its name to Sedgwick, following the lead of firms such as Orrick and Bingham, the Recorder’s Legal Pad blog reports. Unlike the other firms, however, Sedgwick will use its shortened name across the board, not…

Apr 1, 2011 11:48 AM CDT

Remaining Howrey Staffers Abruptly Learn Their Jobs Are Ending a Month Early

Staffers working to wrap up operations at Howrey learned in a memo Thursday that they would be out of a job by the end of a day. Staffers were told they are being laid off because Citibank cut funding to cover payroll at the disbanding law firm, the Am Law…

Apr 1, 2011 11:28 AM CDT

Therapist: Find a ‘Calm Center’ at Work Who Creates a Mood Conducive to Getting the Job Done

It isn’t just legal skills that get the job done with a minimum of chaos. Especially in a crisis situation—i.e., routinely, for those who practice law in many settings—staying calm can be the key to a successful resolution, writes a former BigLaw associate who now works as a therapist. And…

Mar 30, 2011 5:50 PM CDT

As Chief Judges Agree Law Firm Can’t Simply Quit, One Sets Hearings for 9,000 Abandoned Cases

Throughout the state of Florida, chief judges apparently are in agreement that attorney David J. Stern and his law firm can’t simply abandon as many as 100,000 mortgage foreclosure cases. But that’s what reportedly has happened, as Stern notified the courts in lengthy letters earlier this month listing the cases…

Mar 30, 2011 4:24 PM CDT

Howrey Branding Efforts Should Have Targeted Its Own Lawyers, Its Ex-Marketer Says

If BigLaw branding worked, Howrey would have survived, according to a onetime public relations consultant for the law firm. If clients selected Howrey based on the institution, they would have continued to support the law firm, even as partner departures mounted, writes John Hellerman in an article for Law360. It’s…

Mar 30, 2011 11:00 AM CDT