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06-04-2012

Legal Sector Hiring Slows Down in May

The legal industry was able to add only a net total of 600 jobs in May. The figures are derived from the Labor Department's jobs report.....[more]
06-01-2012

Justice Department Appears to Lose Steam in Megaupload Case

Megaupload's lawyers are putting up a tough fight in the DOJ's case against the file sharing site. The firm's lawyers in their latest filing in the federal court in Alexandria, VA have said that because Megaupload is a foreign firm with no offices in America, the court has no jurisdiction over them.....[more]
05-31-2012

Dewey Court Battle Could Drag on for Years

Dewey's former partners and creditors may be in for a long court battle, which could last years while the firm works its way through bankruptcy.....[more]
05-30-2012

Dewey's Togut Wants to Get Money Back from Ex-Partners

Now that Dewey has filed bankruptcy, Albert Togut, who is representing the Dewey estate says he has plans to get former partners to pay back a part of what they were paid all these years. The term, referred to as clawback, is certain to be resisted by the former partners.....[more]
05-29-2012

Dewey Files for Bankruptcy

Dewey & LeBoeuf LLP has finally filed for bankruptcy after weeks of desperate attempts to save the firm have failed. The Chapter 11 filing in Manhattan's bankruptcy court shows that the firm has a debt of $245 million and assets worth $193 million.....[more]
05-28-2012

Mississippi Passes Law Restricting Use of Outside Counsel

Mississippi is the latest state to pass a law restricting the use of outside counsel and aims to reduce the big payouts for plaintiffs lawyers who have ties to public officials. Governor Phil Bryant signed the law on May 22, called the Sunshine Act, which goes into effect on July 1. The law does all....[more]
05-24-2012

Ex-Dewey Partners Hire Lawyer to Prevent Possible Clawback Claims

At least 50 lawyers who were partners at Dewy & LeBoeuf have banded together and hired a lawyer who has experience in defending against clawback claims. Mark Zauderer of Flemming Zulac....[more]
05-23-2012

The Dewey Disaster Update: What Happens to the Partners’ Capital Contribution?

Now that most of Dewey’s partners have left the firm and the firm is expected to announce bankruptcy shortly, the main question is: will the partners who paid a capital contribution get their money back.....[more]
05-22-2012

Greenberg Traurig's Executive Chairman Apologizes to Court for Firm's Error in Rothstein-Related Trial

Cesar Alvarez, executive chairman of Greenberg Traurig, was in a federal court in Miami on Friday where he apologized for the firm's failure to hand over a key document to the opposing counsel which was suing Toronto-Dominion Bank. The bank is being sued for its involvement with Scott Rothstein, the....[more]
05-21-2012

Survey Says Post-recession Changes in Law Firms to be Permanent

The cutbacks and reduced prices that law firms have had to undertake since the recession of 2008 are going to be permanent says a survey form the consulting firm Altman Weil Inc.....[more]