North America/US - Page 154
New York ban on non-lawyer equity investment in law firms is upheld
The US District Court for the Southern District of New York has said that a challenge to the existing ban is 'entirely without merit'.
Insurance law team jumps ship for lure of less pressure and lower billing rates
Dickstein Shapiro has lost a ten-lawyer team to Liner in LA - not because the lawyers were unhappy or concerned but because they were offered the chance to concentrate more on client service and the law and less on the needs of hourly billing.
Akin Gump and Sullivan & Cromwell donate to Hillary Clinton camp
Law firms are among the largest financial supporters of the Hillary Clinton campaign to become the Democratic presidential candidate - as her accounts reveal that she has raised £46m.
Bingham McCutchen was dropped by insurer over diversity, says GC
The general counsel of Massachusetts Mutual has explained why the insurer stopped doing business with the now-defunct Bingham.
Asian-American lawyers launch Fortune 500 GC initiative
A target of 20 lawyers by 2020 in Fortune 500 companies is the aim.
BakerHostetler reaches $700m tally in fees on Madoff liquidation
A team led by partner Irving Picard has been working since 2008 on the liquidation of assets of Bernard Madoff, convicted of using Ponzi scheme arrangement in his investment business.
Abercrombie and Fitch settle religious discrimination suit
On July 20 2015, the EEOC issued a statement announcing the federal appeals court's decision to dismiss Abercrombie & Fitch's appeal of the EEOC's religious discrimination case.
L'Oreal face lawsuit from its former head patent lawyer
L'Oreal's former head patent lawyer Steven Trzaska is suing the beauty company, which he alleges fired him because he refused to file applications that were not patentable.
Legal depts prefer BigLaw for IP litigation
An analysis of $18 billion of invoices could indicate that BigLaw firms are on the way back, having re-engineered their workforce and reviewed billing.
Walt Disney GC tops the salary league
Walt Disney general counsel Alan Braverman has topped a survey of high earning heads of legal by Corporate Counsel magazine.
Steptoe recruits seven-lawyer financial services team from Squire Patton
The team is being led by Micah Green, who will head the Steptoe & Johnson financial services team as well as chairing the government affairs & public policy group from the Washington DC office.
Cloud-based practice recruits eight lawyers from Roetzel & Andress
The lawyers are joining FisherBroyles LLP, a cloud-based firm that was started in Atlanta in 2002 and now has a team of 120 professionals.
Numbers soar among $1,000 per hour lawyers
The number of external legal advisers who charge over $1,000 an hour has gone up by 75 per cent at the General Electric Company.
Immigrant Children in New York given access to lawyers
New York City Council Speaker Melissa Mark-Viverito announced on Sunday that every undocumented immigrant child in New York will now be given access to a lawyer in order to plead their case.
Partners steer away from debt in wake of Dewey failure
Average debt levels held by US law firm partners have fallen a third since 2008 - partly because of concern over the problems that happened at heavily indebted Dewey & LeBoeuf, according to research from Citi Private Bank.
US privacy body starts talks on drone rules at Obama behest
Talks on the privacy aspects of drones will start in two weeks time, following a request received by the National Telecommunications & Information Administration from President Obama, sent by him a fortnight after a drone crashed by the White House.
Four-partner corporate team leaves Reed Smith for Cooley
Reed Smith star Yvan-Claude Pierre, head of its global corporate and securities group and chair of its US capital markets team, is working out his notice period, alongside three other partners, before departing for Cooley.
No Ivy League lawyers here, please
A New York real estate lawyer has railed against lawyers from elite universities, but admits they would not apply for his firm anyway.
Dewey masterplan started in steakhouse, says witness
A co-operating witness has testified that plans to handle a $50m hole in the accounts of failed firm Dewey & LeBeouf began at a lunch in a Manhattan steakhouse and continued with the staff returning to the office and writing up notes of the scheme.
Harper Lee's lawyer tells story of discovery of Mockingbird prequel
The manuscript of 'Go Set a Watchman' by Harper Lee - a sequel to 'How to kill a mockingbird' - lay in a bank safe deposit in Alabama for three years until Ms Lee's lawyer went through the box and realised its significance.