Unless you have your head embedded so deeply in sand that you're now growing ostrich feathers, you've heard about the unprecedented Big Law layoffs/massacre that took place last Thursday. Firms axed at least 700 lawyers and legal staffers, and rumors are swirling that many more may lose their jobs in the days and weeks to come. We wondered how badly our people--the litigators--had suffered. Conventional wisdom has it that litigation is a counter-cyclical practice area, but these are not conventional economic times.

In a malpractice suit against Proskauer Rose and partner Thomas Sjoblom, former Stanford Financial CIO Laura Pendergest-Holt claims she believed Proskauer was representing her personally in a February meeting with the Securities and Exchange Commission.

Last month a federal judge in Atlanta overturned Lockheed's $37 million trade secrets verdict against L-3, finding that Lockheed withheld discovery from the rival military contractor. Now, thanks to the our sibling paper, the Daily Report, we know just what Lockheed failed to turn over.