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Business of Law

  • June 15, 2011

    Calif. Top Judge Slams $150M Judicial Budget Cut

    California lawmakers on Wednesday passed a $150 million reduction in the state judicial branch's budget for the 2011-2012 fiscal year, a move the state's top judge said would be “devastating and crippling" for the court system.

  • June 15, 2011

    Bankrupt Ambac Names New GC, CEO Amid Departures

    Ambac Financial Group Inc. on Monday announced that it had tapped a new general counsel and CEO following the resignations of the bankrupt New York-based bond insurer's top lawyer and executive.

  • June 14, 2011

    Global 20: Jones Day

    With 34 offices in 17 countries, Jones Day has expanded its footprint across the globe by bringing a unified approach to how it handles local and international work and forming deep relationships with clients like Procter & Gamble Co. and SAP AG, earning the firm a spot on Law360's Global 20.

  • June 14, 2011

    Gibson Dunn Lawyer Charged In Child Porn Crackdown

    New York prosecutors announced charges Tuesday against 26 individuals, including a corporate lawyer at Gibson Dunn & Crutcher LLP, for allegedly possessing and sharing child pornography.

  • June 13, 2011

    Obama Middle East Envoy Heads Back To DLA Piper

    George J. Mitchell, a noted diplomat and business luminary who served as President Barack Obama's special envoy for Middle East peace, will return to DLA Piper as chairman emeritus, the firm announced Monday.

  • June 13, 2011

    Global 20: Reed Smith

    A series of smart mergers helped Reed Smith LLP quickly expand its international capabilities and offer superior cross-border support to some of the world's largest multinationals — including Johnson & Johnson, General Electric Co., Bank of America Corp. and Bank of New York Mellon Corp. — in 22 offices across three continents, winning the firm a spot on Law360's Global 20 list.

  • June 10, 2011

    Global 20: Paul Hastings

    With 18 offices around the world, Paul Hastings Janofsky & Walker LLP has leveraged its early strength in Asia's key financial centers to handle groundbreaking transactions like China Construction Bank Corp.'s $9.2 billion rights issuance, earning the firm a spot on Law360's Global 20.

  • June 9, 2011

    Global 20: K&L Gates

    Tapping into the power of its 37 offices around the world, K&L Gates LLP has coordinated major cross-border transactions and complex litigation for clients including Poland's Treasury, entertainment behemoth Walt Disney Co. and Asian technology giant HannStar Display Corp., landing the firm a spot among Law360's Global 20.

  • June 9, 2011

    Legal Job Market Could Heat Up In 3rd Quarter: Survey

    The results of a new survey released on Wednesday suggest that the legal job market could heat up in the near future, as more than a third of lawyers contacted said they intended to hire lawyers and support staff in the third quarter of 2011.

  • June 9, 2011

    Video Cameras Set To Roll In 14 District Courts

    The Administrative Office of the U.S. Courts announced on Wednesday that 14 federal trial courts across the country will have video cameras installed to record civil court proceedings as part of a three-year pilot project to evaluate the effect of cameras in courtrooms.

  • June 8, 2011

    Global 20: Skadden

    Skadden Arps Slate Meagher & Flom LLP has 24 offices around the world hardwired to anticipate and solve clients’ needs, whether it be guiding Renren Inc.’s $743 million initial public offering or Landis & Gyr AG’s $2.3 billion sale, earning the firm a spot on Law360's Global 20.

  • June 8, 2011

    Del. Gov. Taps Sitting Judge To Lead Chancery Court

    Delaware Gov. Jack Markell Wednesday nominated a sitting member of the state's Chancery Court, Judge Leo Strine, to become its chief judge, calling him an expert and leading voice in corporate law.

  • June 8, 2011

    Calif., Texas Courts Win Spots In Patent Program

    Fourteen district courts, including several from California and Texas, were selected Tuesday to take part in a pilot project seeking to help judges become more adept at handling patent cases.

  • June 7, 2011

    Obama Nominates 4 To District Courts In NY, La., Mo.

    President Barack Obama on Tuesday nominated federal prosecutors and a commercial litigation partner for judgeships in federal courts in New York, Louisiana and Missouri.

  • June 7, 2011

    Global 20: Weil Gotshal & Manges

    Weil Gotshal & Manges LLP attorneys in nearly two dozen offices across three continents have worked seamlessly together to close high-profile deals such as Sanofi-Aventis SA's takeover of Genzyme Corp. and General Electric Co.'s joint venture with the Aviation Industry Corp. of China, earning the firm a spot among Law360's Global 20.

  • June 7, 2011

    Foley Takes Gamble With New $4M Venture Fund

    Foley & Lardner LLP has dipped a toe into venture capital waters with a partner-backed $4 million fund, joining an investment tradition dominated by Silicon Valley law firms but shadowed by concerns about conflicts of interest and financial risk, experts say.

  • June 6, 2011

    Global 20: Orrick

    Founded more than a century ago in San Francisco, Orrick Herrington & Sutcliffe LLP has in two decades grown to span 16 time zones, giving it the reach to help clients like China Development Bank and Microsoft Corp. in multibillion-dollar cases and earning it a spot on Law360's Global 20.

  • June 6, 2011

    Obama's SG Pick Confirmed With Bipartisan Support

    Donald Verrilli Jr., a former Jenner & Block LLP partner and deputy White House counsel, was confirmed as U.S. solicitor general Monday, receiving bipartisan support in the U.S. Senate after addressing concerns about his views on the office's independence.

  • June 6, 2011

    High Court Sets 'But For' Standard For Attys' Fees

    The U.S. Supreme Court ruled Monday that in civil rights cases where the plaintiff brings both frivolous and nonfrivolous claims, the defendant can only recover those attorneys' fees he would not have incurred but for the frivolous claims.

  • June 3, 2011

    Global 20: Latham & Watkins

    Latham & Watkins LLP takes a team approach to profits and staffing, pulling attorneys from 31 offices to handle complex international transactions for clients like Spain's Repsol YPF SA, Russia's Wimm-Bill-Dann Foods OJSC and the government of Qatar, landing the firm a spot on Law360's Global 20.