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May 2009

May 29, 2009 7:37 PM

Making a Move: On Graceful (Conflict-Free) Exits

These days more lawyers than ever seem to be switching firms. We'd like to believe all those partings are amicable, but we know breakups aren't always easy. We asked McDermott Will & Emery partner William Schuman how to make a graceful exit. 

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05/29/09 Posted by Brian Baxter

Do Bailout Firms Have a Conflict of Interest?

The Washington Independent reports that several firms, including Simpson Thacher & Bartlett, appear to have conflicts of interest by doing bailout work and representing banking clients despite signing Treasury contracts designed to prevent conflicts. We made some calls of our own about another firm--Squire, Sanders & Dempsey--and the conflicts question is one not easily answered.

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05/29/09 Posted by Brian Baxter

Another Weekend at Bernie's

The tough times of Irving Picard, the remaking of Madoff's brokerage business, Banco Santander's $235 million settlement, and the lure of Luxembourg. Yep, it's time for the Bernie Madoff roundup.

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05/29/09 Posted by Brian Baxter

THE CHURN: Lateral Moves and Promotions in The Am Law 200

While prognostications of the end of the recession are on the rise, firms are banking on more companies going belly-up by continuing to build their bankruptcy practices. The Churn is constant. Send your news to amlawdaily@incisivemedia.com.

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05/29/09 Posted by Rachel Breitman

No Brotherly Love for K&L Chairman?

A blogger questions whether Peter Kalis's disdain for Philadelphia's airport is the reason the Pittsburgh firm doesn't have a Philly office.

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05/29/09 Posted by Nate Raymond

Firms Land International Roles in GM Restructuring

Weil Gotshal, Clifford Chance, Baker & McKenzie, Shearman & Sterling, Sullivan & Cromwell, and Freshfields are advising GM on international elements of its bankruptcy, sibling publication Legal Week reports.

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05/29/09 Posted by Brian Baxter

More Troubles at Clifford Chance?

Two U.S. litigation chiefs quit following a restructuring that shifts the focus of the firm's litigation practice from dispute resolution to white-collar defense and regulatory work--a move that may cost 29 associates their jobs.

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05/29/09 Posted by Zach Lowe

How Bill Belichick Might Run a Law Firm

What if the New England Patriots' drafting principles were applied to the way law firms hire new lawyers - how would managing partner Belichick operate in The Am Law 100? Aric Press asks the question and answers it.

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05/29/09 Posted by Ed Shanahan

Life Is Good for Kirkland and Jones Day Bankruptcy Lawyers. For Their Clients? Not So Much.

Two big auto parts companies filed for bankruptcy early Thursday, turning to two of the Am Law world's elite bankruptcy shops to shepherd them through the process. 

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05/29/09 Posted by Zach Lowe

Sidley Advising on Gomes Share Sale in China

KKR, Bain are bidding for shares in China's second-largest electronics retailer. But the sale might face some hurdles given the recent arrest of Gomes founder Huang Guangyu.

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05/29/09 Posted by Anthony Lin

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