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Federal Judge Narrows Claim in Auction House Suit
Dismissing three class actions filed against Christie's International and Sotheby's Inc., a federal judge in New York ruled neither the Sherman Antitrust Act nor international law can be the basis for actions brought by people injured abroad by the auction houses' price-fixing conspiracy. With the foreign cases out of the way, hearings can begin on a $512 million settlement for similar claims brought by U.S. plaintiffs.Taking Advantage of the Training Dividend
Smart law firms realize that the increased cost of associates means they should invest in formal training to ensure that associates are adding value to clients. The required training goes well beyond traditional CLE and firm orientation.Cisco Deals Fuel Fenwick's M&A Machine
Fenwick & West partner Douglas Cogen has handled 27 M&A transactions for serial acquirer Cisco Systems Inc. -- almost half of them in the last year. In its latest deal, announced last week, Cisco agreed to pay $7 billion for television set-top box maker Scientific-Atlanta Inc. It's Cisco's biggest deal ever, and the biggest all-cash deal that 247-lawyer Fenwick says it has ever handled. The Cisco work has helped push Fenwick & West toward the head of the M&A pack.Host of Firms Help in $303M Buyout of Defense Contractor
A team of Latham & Watkins attorneys represented private equity investment firm Behrman Capital in its $303 million acquisition of a family-owned defense and industrial products company. The all-cash deal, which closed April 11, gives Behrman Capital a two-thirds stake in New York's ILC Industries Inc.Pfizer Litigators Endure Beast of a Beauty Contest
Pfizer Inc. summoned lawyers to a New York ballroom last year for a sort of beauty contest, giving 103 firms the chance to compete for 20 coveted spots as preferred litigation providers. The process ultimately involved two consultants, featured a 50-page Request For Information and stretched on for nine months. One law firm partner, echoing others' sentiments, would later call the selection experience "the most painful ever." Now Pfizer is using the same process to select labor and employment counsel.Balancing Act: A Telecom Boutique Where Everyone Has a Stake
Washington, D.C., telecom boutique Harris, Wiltshire & Grannis has an unusual recipe for success: Everyone -- partners, associates and staff -- gets an equity share in the business. And by maintaining low overhead, doing top work, and balancing office time with outside lives, the 18-lawyer firm, which counts Microsoft Corp., Cisco Systems, AT&T Wireless and News Corp. as major clients, has made it in a big way.Extra! Dying Newspaper Update: Chadbourne Safe! Philly Papers Auction Kicks Off!
Does anyone actually want these properties?Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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Practical Guidance Journal: Protecting Work Product in a Generative AI World
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Countdown to Compliance: SEC Private Fund Reforms
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