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Final Enron Report Criticizes V&E and Andrews & Kurth
Nearly two years after Enron Corp. filed a Chapter 11 in the wake of a massive drop in its stock price, a bankruptcy examiner's fourth and final report concludes that outside lawyers at Vinson & Elkins and Andrews & Kurth may have been negligent or may have aided and abetted Enron officers in breaching their fiduciary duties to the battered company.N.J. Law Graduates Shiver Through a Bear Market for Legal Services
The ailing economy is creating tough choices for the class of 2003 at New Jersey law schools. Placement officials say that except for students who had summer internships at large firms, it's as tough a climate as they've seen in recent years. The chief fallback positions are judicial clerkships that will extend job hunts for 12 more months and add meat to r�sum�s -- but competition is heating up for those positions, too.LESSONS OF THE AM LAW 100 2008
The big firms just finished the best five-year economic run since we began keeping records. Now, head count and salaries have outpaced revenue and rates. Is the Golden Age over?If we keep going at this rate, there soon won't be a prominent securities litigator in New York who's not involved in a suit challenging the bond insurer's restructuring. The banks' suit--the third in as many months against MBIA--is led by Sullivan & Cromwell, but S&C is not alone on the complaint. Not by a long shot.
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