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Law.com

Staff Layoffs Reported at Fried Frank

Law.com |  August 19th, 2008 | Email this
Fried, Frank, Harris, Shriver & Jacobson is reducing administrative staff in New York and Washington. The reductions, which a spokeswoman said were less than 10 percent of 730 staffers firmwide, resulted from the law firm's review of its administrative resources and staffing requirements.[...]
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2nd Circuit Refuses to Boost Milberg's Fees in Nortel Class Action

Law.com |  August 19th, 2008 | Email this
The 2nd U.S. Circuit Court of Appeals has shot down class action law firm Milberg's bid to boost its attorney fees from the settlement of shareholder litigation against Nortel Networks Corp. On appeal, Milberg said the lead plaintiff in the case had consented to an 8.5 percent award -- or [...]
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Survey: CI on the Rise at Firm Libraries

Law.com |  August 18th, 2008 | Email this
Each year, The American Lawyer's annual survey of law firm libraries highlights the challenges librarians have faced over the past year. They have seen the nature of their work evolve; many now spend as much time assisting with competitive intelligence as with legal research.[...]
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Single Anti-Gay Remark Sufficient for Hostile Workplace Claim, N.J. Court Says

Law.com |  August 14th, 2008 | Email this
Calling an employee a "stupid fag" just once is grounds for a prima facie case of hostile workplace discrimination based on sexual orientation, a New Jersey appeals court has ruled. The panel on Wednesday reinstated a gay man's suit against his former employer, Merrill Lynch. The judges invoked the federal [...]
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WilmerHale Responds to Federal Judge's Decision in False Claims Act Case

Law.com |  August 14th, 2008 | Email this
William Perlstein, the co-managing partner of WilmerHale, says a False Claims Act case the firm worked on for nearly 10 years was a success, despite this week's decision by a federal judge, which cut the law firm's legal fees. Perlstein says that despite the decision by Chief Judge Royce Lamberth [...]
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JPMorgan and Morgan Stanley Settle Auction-Rate Securities Probes

Law.com |  August 14th, 2008 | Email this
JPMorgan Chase and Morgan Stanley will spend more than $7 billion to buy back auction-rate securities in a settlement announced Thursday. The deal ends investigations by the SEC and several states' attorneys general into false claims made by the two firms. At issue was the firms' continuing effort to bill [...]
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Responding to Former Client's Lawsuit, Reed Smith Denies Churning Fees

Law.com |  August 14th, 2008 | Email this
Reed Smith has denied any overstaffing or fee churning in an employment discrimination case it handled for a nonprofit client, according to a response to a suit that the religious nonprofit filed against the law firm. The Bair Foundation alleged it was excessively charged for its legal representation in a [...]
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Firm's Bad-Faith Case Against Legal Malpractice Insurers Tossed

Law.com |  August 13th, 2008 | Email this
A Philadelphia judge threw out a law firm's claims against its legal malpractice insurers and the law firm hired to represent the plaintiff in the underlying case. The judge said the case did not hold up because law firm Cordisco Bradway & Simmons neglected to tell their insurers when signing [...]
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Oral Arguments Heard in JPMorgan-Bear Stearns Merger Case

Law.com |  August 13th, 2008 | Email this
The JPMorgan-Bear Stearns merger litigation has been relatively quiet in recent months -- but on Monday, New York Judge Herman Cahn held a summary judgment hearing that spiced up a quiet August day. The case in question was brought by shareholders claiming that Bear Stearns and its directors breached their [...]
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Mixed Ruling in Cozen O'Connor's Terrorism FOIA Case

Law.com |  August 12th, 2008 | Email this
Cozen O'Connor has won a partial victory in its court battle for access to government documents the firm says it needs to pursue a massive lawsuit brought by insurers against the government of Saudi Arabia and Islamic charities for allegedly helping to finance al-Qaida prior to the Sept. 11 terrorist [...]
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Attempt to Relax Conflicts Rules Falls Short at ABA Annual Meeting

Law.com |  August 12th, 2008 | Email this
A bid to relax ethics rules concerning conflicts of interest was rejected by one vote at the ABA House of Delegates meeting Tuesday. The change would have relaxed safeguards regarding attorneys moving from one law firm to another, enabling a firm to "screen" an incoming attorney from its other attorneys. [...]
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At Trial, Lawyer Claims Former Firm Cut Her Salary Over Pregnancy

Law.com |  August 12th, 2008 | Email this
An attorney who quit her job after returning from maternity leave is suing her former law firm for allegedly cutting her salary while she was pregnant and for creating a "hostile environment." Jacquelyn Todaro, a former associate at Siegel Fenchel & Peddy in Garden City, N.Y., claims she was discriminated [...]
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YouTube Video Depicts Judicial Candidate Supporting Rogue Organization

Law.com |  August 11th, 2008 | Email this
A Miami judicial candidate is getting extra attention due to his appearance in a YouTube video promoting a rogue organization that has rolled out its own currency and attempted to seize two Bank of America branches. On the video, Mario Garcia is shown introducing himself as a "chief master independent [...]
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About Those Law Firm Layoffs? It Isn't That Bad

Law.com |  August 11th, 2008 | Email this
With the repercussions of the credit crunch creating a slowdown in finance, real estate and big-deal work, several law firms have unloaded attorneys and have done so under the scrutiny of news outlets eager to report the bad news. But in relative terms, the news might not be all that [...]
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International Posts: Clifford Chance's Nicholas Fletcher, in Warsaw

Law.com |  August 8th, 2008 | Email this
Nicholas Fletcher graduated with an LL.B. from Bristol University in 1983 and has been with Clifford Chance -- the world's largest law firm by revenue -- ever since. After the fall of the Iron Curtain, the Englishman crossed the channel and set up shop in Warsaw, where he became the [...]
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Court Upholds Law Firm's Firing of Paralegal Over Smoke Breaks

Law.com |  August 8th, 2008 | Email this
A paralegal who defied a policy that banned smoke breaks for hourly employees was fired legally, a New York appeals court ruled Thursday. A partner in the Rochester law firm said the policy started to be enforced after some breaks were drawn out to half an hour, and one employee [...]
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Associate's Sex Discrimination Claims Proceed Against Law Firm

Law.com |  August 5th, 2008 | Email this
A New York federal judge has allowed sex discrimination claims to proceed against an intellectual property law firm that fired an associate two days after she complained in an e-mail to partners that the firm's women lawyers were being "relegated to non-partnership track support roles." The judge also found that [...]
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5th Circuit Throws Out Malpractice Summary Judgment Win for Duane Morris

Law.com |  August 3rd, 2008 | Email this
The 5th U.S. Circuit Court of Appeals has thrown out a summary judgment win for Duane Morris in a lawsuit alleging that one of the law firm's partners bungled a trademark infringement case involving an LSAT test-prep company. The panel found that the federal district court lacked subject-matter jurisdiction in [...]
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New Late-Notice Rule in N.Y. Shifts Burden to Insurer to Prove Harm

Law.com |  July 29th, 2008 | Email this
Starting in mid-January 2009, New York will bar personal injury or wrongful death insurers from disclaiming coverage due to a late notice of claim, filed within two years of an accident, unless insurers were "materially prejudiced" by the delay. The new law also allows injured parties, where coverage is disclaimed [...]
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Martindale-Hubbell Gets a Makeover

Law.com |  July 29th, 2008 | Email this
Hit hard in recent years by the rise of Google, the evolution of law firm Web sites and the emergence of competing Internet-based legal directories and ratings services, 140-year-old Martindale-Hubbell is giving itself a technological face-lift in a bid to remain vital. In addition to forming a partnership with the [...]
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Gay Associate Who Sued S&C Over Bias Joins Clifford Chance

Law.com |  July 28th, 2008 | Email this
The ex-Sullivan & Cromwell associate who brought a highly publicized sexual orientation discrimination suit against his former firm has been hired by Clifford Chance. Aaron B. Charney will join the British law firm's New York office as a fifth-year mergers and acquisitions associate. Charney's ability to land another law firm [...]
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Conflicting Views Led to JPMorgan, Linklaters Split

Law.com |  July 28th, 2008 | Email this
It is a cliche to say that in-house lawyers and their private practice counterparts see things differently, but anyone who believes that the modern profession is overcoming the client/adviser divide should simply discuss conflicts. A reminder of how great the gap is on this sensitive matter comes from a recent [...]
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A Multipronged Approach to Greener IT

Law.com |  July 28th, 2008 | Email this
Kilpatrick Stockton's IT team takes a multipronged approach to a greener law firm, with Web and videoconferencing to reduce travel; a software-based cost recovery system; systems to manage copiers, printers and scanners and other hardware; server virtualization; and e-billing.[...]
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A Lesson in Law Firm Partnership Law

Law.com |  July 25th, 2008 | Email this
A common provision found in many law firm partnership agreements can have calamitous results, particularly when combined with the competing fiduciary duties partners owe to their partners and clients. Such provisions often place the departing partner in a state of limbo because during this interim period the rights and obligations [...]
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Allen & Overy Continues Reign at Top of Global Projects Rankings

Law.com |  July 24th, 2008 | Email this
Allen & Overy continues to sit ahead of rivals in global project financing by advising on the largest number of deals for the first half of 2008. Infrastructure Journal research shows the Magic Circle law firm advised on 36 deals worth a combined total of $30.5 billion. Clifford Chance fell [...]
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