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December 31, 2009 |

Pfizer's Top Lawyer Is Out to Change All the Rules

Pfizer general counsel Amy Schulman's goals are simple and familiar: lower fees, more collaboration, better value for both the customer and vendor. By the end of 2010, Schulman wants three-fourths of her legal spending to be done within the Pfizer Legal Alliance, in which each firm is paid one annual flat fee for all of the work that it does for the entire year. If Schulman is successful, Pfizer will become one of the largest companies to have more than half of its legal work done under alternative fees.
14 minute read
February 14, 2008 |

Newsbriefs

5 minute read
Lyondell Creditors Vow to Fight Chemical Company's 'Outrageous and Reprehensible' Settlement of Fraudulent Conveyance Claims against Bank Lenders
Publication Date: 2009-12-07
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Who owns Lyondell Chemical's claims against the lenders that financed its 2007 leveraged buyout? That question is at the center of a fight that's going to be played out over the next few weeks in Manhattan federal bankruptcy court between Lyondell's Chapter 11 estate and the chemical company's unsecured creditors. And it looks like this one's going to get ugly.

Merck Hit with Latest Sanford Heisler Sex Bias Suit
Publication Date: 2013-05-09
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Sanford Heisler may have recently lost a name partner, but it hasn't lost its knack for filing attention-grabbing and—if the firm has its way—lucrative employment class actions.

May 25, 2006 |

Newsbriefs

4 minute read
November 13, 2006 |

The NLJ 250 Chart (51-100)

6 minute read
October 08, 1999 |

Largest Class-Action Pact in Commodities History

Hailing what he termed the largest-ever class-action settlement in the modern history of American commodities trading, a Manhattan federal judge Thursday approved a $139 million accord between traders and defendants, who allegedly conspired to corner the market in copper and manipulate the price of contracts in copper futures. The judge granted certification to a class defined as all persons trading in copper futures or options from June 1993 to June 1996.
2 minute read
February 24, 2006 |

No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier

With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.
16 minute read
May 04, 2000 |

Ditch the Tie, Don the Dockers

The seven-day casual trend has migrated beyond the Silicon Valley law firms, which originated it. Many New York firms are finding that dispensing with suits at least some of the time does not mean dispensing with professionalism.
3 minute read
November 19, 2007 |

The Firm Reports

73 minute read

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