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Business of Law

  • August 2, 2018

    Complaint Deemed Too Late In Proskauer Tax Shelter Case

    A Florida state appellate court said Wednesday that a couple and their businesses waited too long to claim that Proskauer Rose LLP fraudulently gave the all-clear on a tax strategy that the Internal Revenue Service later identified as an abusive tax shelter.

  • August 2, 2018

    Rosenstein Touts Role Of AGs As Guardians Of Rule Of Law

    In the midst of a political firestorm, Deputy Attorney General Rod Rosenstein spoke Thursday at the American Bar Association’s annual meeting in Chicago, hammering home his belief that it is the responsibility of lawyers to adhere to the rule of law regardless of the political pressures they face.

  • August 2, 2018

    Labaton Bid To DQ Judge In $75M Fee Fight A Risky Move

    Labaton Sucharow LLP's failed attempt to have the First Circuit remove the judge presiding over a messy $75 million fee fight in State Street's fraud case highlights the dangers of a rare and risky play with a high chance of backfiring and further frustrating a judge the firm already believes to be biased, experts say.

  • August 2, 2018

    Law Needs A Culture Shift To Fight Sexual Harassment

    Preventing sexual harassment in the legal profession goes beyond identifying and punishing individual instances of misconduct and requires a culture overhaul, according to speakers on a panel at the American Bar Association's annual meeting Thursday in Chicago.

  • August 2, 2018

    ABA Loses Bid to Centralize For-Profit Law Schools' Suits

    The U.S. Judicial Panel on Multidistrict Litigation has denied a request by the American Bar Association to centralize a group of cases filed by three for-profit law schools that did not receive ABA accreditation because of a process they allege is inconsistent and unfair.

  • August 2, 2018

    Posner, Pro Se Aren't Entitled To Rationale, 4th Circ. Says

    The Fourth Circuit affirmed a lower court’s decision to deny a pro se litigant, who is being advised by former Seventh Circuit Judge Richard Posner, an opportunity to amend his complaint, finding that the court was not required to explain its decision.

  • August 2, 2018

    Law360's Weekly Verdict: Legal Lions & Lambs

    Legal lions this week are led by a team of attorneys from Potter Anderson & Corroon LLP and Desmarais LLP who notched a huge award for client IBM, while the lambs are represented by the president's longtime personal lawyer.

  • August 2, 2018

    Kavanaugh Before The Bench: The Bush White House

    Now that he has been nominated to the U.S. Supreme Court, D.C. Circuit Judge Brett Kavanaugh's years as a White House lawyer are the subject of intense scrutiny as Democrats and Republicans squabble over access to the potentially millions of documents attached to his tenure there. Here, Law360 takes a look at what the potential justice calls the "the most interesting and most instructive" job of his career. This is the third installment of a three-part series.

  • August 2, 2018

    GOP Plans For Sept. Kavanaugh Hearing Without All Docs

    The Senate Judiciary Committee could still push for a confirmation hearing on D.C. Circuit Judge Brett Kavanaugh’s nomination to the U.S. Supreme Court next month, despite not having all of the limited number of documents requested by Republicans about his tenure at President George W. Bush's White House, a panel aide said Thursday.

  • August 2, 2018

    Covington, Debevoise Tapped For CBS' Moonves Probe

    Covington & Burling LLP and Debevoise & Plimpton LLP have been retained by CBS Corp. to lead an investigation into the alleged misconduct of chairman and CEO Leslie Moonves, the company said Wednesday.

  • August 1, 2018

    Icahn Depos Took Heated Turn, CVR And Wachtell Tell Judge

    In the latest round of a deposition battle in a long-running malpractice dispute between CVR Energy Inc. and Wachtell Lipton Rosen & Katz, both sides told a New York federal judge Wednesday that there were issues with a deposition of former CVR majority stockholder Carl Icahn.

  • August 1, 2018

    GOP Request For Kavanaugh Docs Omits Over 1M Pages

    The National Archives said Wednesday it has more than 1 million pages of records related to Judge Brett Kavanaugh’s time as staff secretary to President George W. Bush, prompting additional outrage that Senate Judiciary Chairman Chuck Grassley, R-Iowa, wants to advance the U.S. Supreme Court nominee without releasing any more of those documents.

  • August 1, 2018

    Ark. Lawmakers Probe Labaton's $4M 'Referral Fee' To Atty

    A Massachusetts federal judge who has questioned the links between Labaton Sucharow LLP, an Arkansas public pension fund and a lawyer who was paid at least $4.1 million for making an introduction revealed on Wednesday that the Arkansas Legislature is investigating and has sought access to sealed documents.

  • August 1, 2018

    The 5 Law Firms Corporate Clients Recommend Most

    Despite hundreds of firms to choose from, five names come out on top when decision makers at large corporations think about the legal shops worth recommending to peers, according to a new report published Wednesday.

  • August 1, 2018

    Judiciary Chair Hints At Early Sept. Hearing For Kavanaugh

    Senate Judiciary Chairman Chuck Grassley said Wednesday that he wants U.S. Supreme Court nominee Brett Kavanaugh confirmed by the start of the high court's next term in October after a confirmation hearing next month.

  • August 1, 2018

    Kavanaugh Before The Bench: Kirkland & Ellis

    D.C. Circuit Judge Brett Kavanaugh's resume has a line that's unusual for a U.S. Supreme Court nominee: experience working in BigLaw. Here, Law360 looks at his time at Kirkland & Ellis LLP and what the work he did there on the controversial and headline-grabbing Elián González case tells us about his views on Chevron deference. This is the second installment of a three-part series.

  • August 1, 2018

    Legal Tech Download: LegalZoom Snags $500M Investment

    The world of legal technology is quickly evolving, with new products coming to market in rapid succession. Here, Law360 takes a look at seven recent developments.

  • August 1, 2018

    Sens. 'Weary' Of Court Nominees' Evasive Answers

    The U.S. Senate Judiciary Committee's frustration with efforts to pin down nominees’ judicial philosophies came to a head at a hearing Wednesday when senators knocked New York federal court candidates for giving vague answers to direct questions.

  • July 31, 2018

    Senate Dems Request All Kavanaugh's WH Documents

    Senate Democrats, accusing Judiciary Committee Chair Chuck Grassley, R-Iowa, of refusing to fully vet D.C. Circuit Judge Brett Kavanaugh for the U.S. Supreme Court, sent their own expansive document request to the National Archives on Tuesday.

  • July 31, 2018

    The Top In-House Hires Of July

    July marked the first full month of summer and with it came notable legal department hires at companies like Purdue Pharma LP, The Hershey Co. and the parent company of Motel 6 and Studio 6. Here are some of the month’s top in-house moves that you should know.

Expert Analysis

  • Limiting Law Firms' Professional Liability Risks: Part 3

    Stuart Pattison

    As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • New Stats On Millennial Attorney Disciplinary Actions

    Jean Edwards

    In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.

  • Limiting Law Firms' Professional Liability Risks: Part 2

    Stuart Pattison

    With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Series

    From Lawmaker To Lawyer: Prioritizing Is Always Key

    Joe Lieberman

    Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.

  • Limiting Law Firms' Professional Liability Risks: Part 1

    Stuart Pattison

    Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Series

    From Lawmaker To Lawyer: How Congress Affected My Career

    Yvonne B. Burke

    Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.

  • Series

    From Lawmaker To Lawyer: DC Isn't As Bad As You Think

    Norm Coleman

    Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.

  • Series

    From Lawmaker To Lawyer: 6 Things I Learned In Congress

    Charles Gonzalez

    I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.

  • 4 Takeaways From Female Law Profs' Equal Pay Settlement

    Jacqueline Beaumont

    A Colorado federal judge recently approved a deal in which the University of Denver agreed to institute salary increases and pay $2.66 million to settle an equal pay lawsuit filed by the U.S. Equal Employment Opportunity Commission on behalf of seven female professors. Jacqueline Beaumont of Call & Jensen discusses the most noteworthy aspects of the agreement.

  • Opinion

    BigLaw's Associate Salary Model Is A Relic Of A Bygone Era

    William Brewer

    Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.