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Business of Law

  • April 1, 2011

    Obama Taps Ex-WilmerHale Atty For SDNY

    President Barack Obama on Thursday nominated an attorney who serves in the New York Attorney General's Office and formerly worked for WilmerHale to a New York federal court judgeship.

  • March 31, 2011

    Sen. Calls On ABA To Improve Law School Reporting

    Sen. Barbara Boxer, D-Calif., called on the American Bar Association Thursday to tighten rules for how law schools report post-graduation employment and salary figures.

  • March 31, 2011

    Howrey Closes Early After Citibank Cuts Off Funds

    Howrey LLP was reportedly forced to shut down most of its operations by the end of the day Thursday after Citibank NA withdrew its financing for the dissolved Washington-based firm.

  • March 31, 2011

    MasterCard Names Sidley Partner As New Deputy GC

    MasterCard Worldwide has tapped a Sidley Austin LLP partner as its new deputy general counsel to lead several legal teams at the company's Washington and Purchase, N.Y., offices, the financial services giant announced Thursday.

  • March 30, 2011

    UK Supreme Court Abolishes Expert Witness Immunity

    The Supreme Court of the United Kingdom on Wednesday decided to abolish a 400-year-old law giving expert witnesses immunity from negligence claims by disgruntled clients.

  • March 30, 2011

    O’Melveny Latest Firm To Join Spring Bonus Bonanza

    O'Melveny & Myers LLP confirmed Wednesday that associates would be awarded spring bonuses, reportedly up to $20,000, matching Cravath Swaine & Moore LLP's bonus scale from January.

  • March 29, 2011

    UK Forbids 'No Win No Fee' Atty Compensation

    In an effort to cut down on excessive litigation, the British government confirmed sweeping reforms of its legal payment rules Tuesday that will bar plaintiffs lawyers from raking in cash from losing defendants in "no win no fee" conditional fee agreements.

  • March 28, 2011

    Proskauer, Kirkland Jump On Spring Bonus Bandwagon

    Proskauer Rose LLP confirmed Monday it would reward associates in Boston, Chicago, Los Angeles, New York and Washington with spring bonuses of up to $20,000, while Kirkland & Ellis LLP told associates to expect spring payouts by early April.

  • March 25, 2011

    Latham & Watkins, Ropes & Gray Match Cravath Bonuses

    Latham & Watkins LLP and Ropes & Gray LLP are reportedly joining the pack of major law firms offering spring bonuses of up to $20,000 to its associates, matching the benchmark set by Cravath Swaine & Moore LLP in January.

  • March 25, 2011

    Spansion Hires Ex-Tessera Exec As General Counsel

    Spansion Inc., a maker of flash memory chips, said Friday that it had hired Scot Griffin, who has previously held legal positions with rival chipmakers Tessera Inc. and Intel Corp., as a senior vice president and general counsel.

  • March 25, 2011

    Open-Ended Retainers Don't Limit Firms: Calif. Court

    Open-ended retainer agreements — which give attorneys and clients the option of working together on repeat occasions — do not necessarily create a current attorney-client relationship, a California appeals court said Tuesday in a representation dispute involving the city of Newport Beach.

  • March 25, 2011

    PepsiCo Lures New GC From International Paper

    PepsiCo Inc. has snared International Paper Co.'s top corporate attorney, Maura Abeln Smith, to be its general counsel and executive vice president of government affairs, the beverage and snack food giant announced Friday.

  • March 24, 2011

    Cargill Names New General Counsel

    Cargill Inc. said Thursday that Laura Witte would take over as its general counsel in June when Steve Euller retires after three decades with the agribusiness powerhouse.

  • March 24, 2011

    NY Recusal Rules Aim To Overhaul Judicial Image

    As one of the first states with an elected judiciary to propose bold new recusal rules regarding legal contributors, New York is drawing cheers from court reform advocates who think the proposal could boost public confidence in the judiciary.

  • March 23, 2011

    Ex-GSK Atty Gets Indictment Over Wellbutrin Tossed

    A federal judge in Maryland on Wednesday tossed the criminal indictment of a former GlaxoSmithKline PLC attorney, finding that prosecutors misled the grand jury that charged her with covering up off-label marketing of antidepressant Wellbutrin.

  • March 22, 2011

    Supreme Court Weighs Attys' Fees In Civil Rights Cases

    The U.S. Supreme Court on Tuesday wrestled with the question of how courts should award attorneys' fees to civil rights defendants based on the dismissal of a frivolous claim when the plaintiff has asserted other interrelated, nonfrivolous claims.

  • March 22, 2011

    Spring Bonus Frenzy Signals Hot Associate Market

    The spring bonus frenzy Sullivan & Cromwell LLP incited this year reveals that the associate market is heating up after years of layoffs and salary cuts, putting pressure on BigLaw to once again fight to keep top associates, experts say.

  • March 21, 2011

    Indicted GSK Atty Says Prosecutors Misled Grand Jury

    Prosecutors misled the grand jury that indicted a former GlaxoSmithKline PLC attorney for allegedly lying to regulators about off-label marketing of antidepressant Wellbutrin, the defendant said in a motion unsealed Thursday.

  • March 21, 2011

    Firms Made 38% More Lateral Hires in 2010: Study

    After two years of decline related to the economy, lateral hiring at law firms jumped 38 percent in 2010, according to statistics released Monday by the Association for Legal Career Professionals.

  • March 17, 2011

    Senate Confirms Amy Jackson As DC District Judge

    The U.S. Senate on Thursday unanimously confirmed the nomination of Amy Berman Jackson, a Trout Cacheris PLLC partner, to the U.S. District Court for the District of Columbia following a long delay.