New York

May 24, 2013
JPML Head Judge Explains Why Panel Is More Picky

The U.S. Judicial Panel on Multidistrict Litigation has rejected a higher percentage of centralization requests in recent years, a trend the head of the panel told Law360 was due in part to a rise in patent cases and other types of litigation he said were more likely to center on individual issues.
February 25, 2013
Shine Might Be Off Alt Fee Arrangements, GC Survey Shows

A significantly smaller percentage of in-house counsel used some form of alternative legal fee structures last year, according to a new legal survey from Fulbright & Jaworski LLP that defied previous years' upward trends and more vocal criticism in recent years of the billable hour.
February 25, 2013
In-House Teams Expand To Keep Pace With More Suits, Probes

Corporations beefed up their legal departments in 2012 and expect to do the same this year, according to a new report, with mounting regulatory challenges and abundant litigation combining to boost the need for in-house expertise.
February 25, 2013
GCs Rate Fixed Fees Best Bang For Their Buck

In-house corporate lawyers last year rated fixed-fee legal pricing the most effective alternative fee model to the straight billable hour, according to an annual Fulbright & Jaworski LLP survey released Tuesday.
February 15, 2013
GCs Name Cream Of The Crop Litigators

Corporate counsel singled out nearly 100 litigators as the most client service-driven in their field thanks to their innate ability to deliver solid outcomes, effectively communicate litigation strategy and prioritize their clients' business interests.
November 14, 2012
NYC Firms Make Small Gains In Diversity Efforts, Report Says

Law firms in New York City have made some gains in hiring diverse attorneys, but still have a way to go in retaining women and minorities, according to a study released Wednesday.
October 22, 2012
Female Judges Make Slow Gains In NY, Study Shows

The percentage of female judges in New York has increased over the last decade, but the landscape has changed haltingly and in some places not at all, according to an expert's research unveiled Monday at the University of Albany Law School.
September 10, 2012
NYC Mall Rents Lag Behind Other Cities

Despite New York retail real estate's ability to remain hot throughout the economic downturn, one particular type of retail class — malls and shopping centers — has been unable to pull in the kind of rents that can be seen in other major cities, a Cushman & Wakefield Inc. report revealed Monday.
August 31, 2012
4 Firms Feared Most By In-House Counsel

When dealing with high-stakes litigation, there are four top-notch firms that in-house counsel dread seeing on the other side of the courtroom, according to a new survey of corporate counsel.
August 29, 2012
Park Adjacency Raises Office Rents In NYC, Report Finds

Office buildings adjacent to any of five major Manhattan parks are attracting tenants willing to pay 44 percent more on average than at similar buildings just a block away, a sign that many landlords' leasing woes may be due at least in part to location, a CBRE Group Inc. report showed Wednesday.
August 17, 2012
Portfolio Cos. Lingering On Buyout Funds' Books: Report

Continued global financial uncertainty is leading many buyout funds to hold on to portfolio companies longer than intended, according to data released Friday by Preqin that shows only 28 percent of deals made in 2006 and 19 percent of 2007 deals have been fully exited by general partners.
July 9, 2012
NY AG Frets As ConEd Labor Dispute Rolls On

Consolidated Edison Co. of New York Inc. would not likely be able to handle a massive, storm-triggered outage after locking out 8,500 union workers, the state's attorney general said Monday, wading into the benefits dispute as the parties continue to duke it out in court.
June 29, 2012
Law360's Global 20 Firms Open Up New Frontiers

For the second year in a row, Law360 has selected and ranked the 20 law firms with the greatest global reach and expertise.
June 22, 2012
GCs Name Rolls Royce Of Law Firms

A new report based on interviews with corporate counsel has identified the eighteen law firms with the strongest brands in the legal market.
June 7, 2012
Insurers Face Big Hurricane Risks In NYC, Report Says

A research group said Wednesday that the New York City metropolitan area topped its list for cities facing the gravest financial threat from hurricanes, signaling that the massive number of claims from last year's Hurricane Irene could be just the beginning.
May 30, 2012
HP Overbilled 911 Upgrade By $163M, NYC Comptroller Says

Hewlett-Packard Co. was unqualified to lead a $380 million portion of an upgrade of New York City's 911 system — a billion-dollar project that is over budget and several years behind schedule — and overbilled the city by as much as $163 million, the city's comptroller said Wednesday.
February 28, 2012
NY Northern District Court Hailed As Tops In Productivity

The U.S. District Court for the Northern District of New York tops the federal court productivity ranking published Tuesday, compiled by U.S. District Judge William G. Young, who recently began a push to focus federal courts' productivity measures on jury trials.
April 22, 2011
Pesticides Cause IQ Deficits In Children, Studies Say

Prenatal exposure to organophosphates predicts IQ deficits in school-age children, according to three studies published Thursday, which come less than a year after the U.S. Environmental Protection Agency was sued for failing to ban the widely used crop pesticides.
April 20, 2011
NY Judges Get Record Number Of Complaints In 2010

New York state's court system received a record high number of judicial complaints in 2010, though fewer judges were tossed from the bench, investigated or received disciplinary action, a judicial watchdog said Tuesday.
January 10, 2011
Most Partners Say They Deserve More Money: Survey

Sixty-one percent of partners believe they should be paid more money, according to an attorney search consulting firm’s extensive survey on partner compensation at law firms.

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Expert Analysis

The Importance Of Morning Mist

Morning Mist Holdings Ltd. v. Krys provides guidance to courts that need to determine the location of a foreign debtor’s “center of main interests.” While not outcome-determinative in this case, in other cases, the Second Circuit’s decision may ultimately affect the scope of relief available under the Bankruptcy Code to a foreign debtor, says Alexander Woolverton of Weil Gotshal & Manges LLP.
1 Step Forward, 1 Step Back In Enviro Self-Audit Policy

As the New York Department of Environmental Conservation moves forward with a self-audit policy, the U.S. Environmental Protection Agency is seeking ways to pare back its own audit policy. Because audit programs almost undoubtedly achieve compliance, eliminating self-auditing, self-reporting and self-correction is hardly smart or efficient, say Steven Russo and Adam Silverman of Greenberg Traurig LLP.
NY Creates Tax Uncertainty For Unauthorized Life Insurers

In the past, surprisingly favorable tax treatment was afforded to life insurers that were not licensed to conduct business in New York but that owned real estate investments in the state. But following recent reinterpretation of New York Tax Law, some uncertainty has arisen with respect to how unauthorized life insurers should allocate income for franchise tax purposes, say attorneys with Duane Morris LLP.
Answers To Your Compensation Committee Rules Questions

Recent changes to the U.S. Securities and Exchange Commission's listing standards for national securities exchanges — including the New York Stock Exchange and NASDAQ — impose specific requirements related to compensation committee members. These rules have generated a number of frequently asked questions among public companies, say Kevin Douglas and Michael Carr of Bass Berry & Sims PLC.
Rise Of The Machines — Predictive Coding Goes Mainstream

The pros of using predictive coding far outweigh the cons. Given the heavy pressure on law firms and in-house counsel to reduce discovery costs, as well as the Justice Department's recent stance on the subject, it appears predictive coding will continue to emerge from the obscure world of legal technology to the mainstream of legal practice, say Michael Moscato and Myles Bartley of Curtis Mallet-Prevost Colt & Mosle LLP.
Unprecedented FCPA Wake-Up Call For US Broker-Dealers

The extraordinary criminal bribery charges against two registered representatives of a U.S. broker-dealer and a high-level Venezuelan government official highlight that a broker-dealer’s anti-money laundering procedures, as well as oversight of their registered people, should have a Foreign Corrupt Practices Act component if the firm is doing international business, say attorneys with Duane Morris LLP.
Libor Litigation Must Overcome Significant Obstacles

When U.S. District Judge Naomi Reice Buchwald dismissed a consolidated, multidistrict batch of antitrust and racketeering suits in Manhattan earlier this spring, she suggested plaintiffs seeking to recover from banking giants at the heart of the interest rate-fixing scandal might have better luck with securities fraud claims. But those plaintiffs will need to be lucky indeed. Two recent developments show that obstacles are inherent and, perhaps, insurmountable, say attorneys with Choate Hall & Stewart LLP.
NY Jumps On Domestic Violence Protection Bandwagon

In the last few years, there have been significant legal developments to increase protections for victims of domestic or sexual violence, including New York state's recently approved bill that provides 90 days of job protection to victim-employees. If the bill passes, New York legislation, along with that of Illinois and California, would provide arguably the most expansive state protection in the country, say attorneys with Proskauer Rose LLP.
Tips For Your Rule 10b5-1 Trading Plan Policy

Now that investigations have been initiated by U.S. Attorney’s Offices and the SEC into possible abuses by corporate executives of Rule 10b5-1 trading plans, the private securities bar inevitably will follow suit and file litigation. Nevertheless, these plans continue to be an effective defense against allegations of insider trading, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.
4 Takeaways From 2nd Highest FCPA Penalty

A New York federal court recently entered a final judgment against a former Siemens AG executive for his alleged role in a purported $100 million bribery scheme for Siemens to obtain a $1 billion contract from Argentina. Third-party sham contracts continue to be a prevalent theme in the alleged facts contained in corruption enforcement filings and resolutions, say attorneys with Fulbright & Jaworski LLP.

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