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August 16, 2007 |

Solicitor General Sides Against SEC in Major High Court Securities Case

In the cage match of the securities bar, Solicitor General Paul Clement has sided with corporate interests over investors. Clement on Wednesday filed an amicus brief for defendants in a Supreme Court case that may decide whether lawyers, accountants and bankers can be sued by private investors for activities that arguably go beyond aiding and abetting corporate fraud. In an extraordinary turn of events, the case has exposed a rift between the SEC and the Bush administration and its Department of Justice.
9 minute read
August 16, 1999 |

In Fen-Phen Trial, the Uninjured Sue for Preventative Maintenance

Unlike conventional class actions, the plaintiffs in the fen-phen diet drug suit that went to trial last Wednesday haven't suffered illness or injury. In fact, their class is specifically defined to "exclude" such people. "We are not here for money; we are here for monitoring," said plaintiff's lead counsel Esther Berezofsky. So, does someone with no discernible injury from a product have a cause of action, based solely on the possibility that an injury may become manifest in the future?
5 minute read
The Global Lawyer: Elliott and the Vultures v. Cleary and the Deadbeats
Publication Date: 2012-12-04
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Aside from costing Argentina billions, the likeliest effect of an Elliott Associates win in the Argentine bondholder litigation may not be to end sovereign restructuring, but to re-route it from New York to London. And the biggest loser after Argentina might be Cleary Gottlieb Steen & Hamilton, which has built a tidy business in issuing, restructuring, and litigating New York-law bonds from Latin America.

November 18, 2009 |

The Benefits of Sabbaticals for Lawyers

There is a long and time-honored tradition among other cultures, and other professions, of giving the mind and spirit a break from the day-to-day grind, notes attorney Janice Mock. It's called a sabbatical. You've heard of it, right? Right -- just not anywhere near your office door. Embracing the notion of what a world with sabbaticals for lawyers as commonplace would look like, Mock discusses the benefits of sabbaticals both for the attorneys who take them and for the law firms that allow them.
9 minute read
September 13, 1999 |

Fen-Phen Trial Testimony: Risks Stop One Year After Use

American Home Products' former top medical executive tried to strike at the core of a class action over fen-phen last week by testifying that the risk of heart and lung disease disappears a year after patients stop taking the diet drugs. The testimony by Dr. Marc Deitsch, former senior vice president of medical affairs at AHP subsidiary Wyeth Laboratories who was called by the plaintiffs as a hostile witness, was key because the class is made up of people who used the drug but are asymptomatic.
5 minute read
December 05, 2005 |

The Color of Money

Minority scholarship programs are gaining popularity among large firms these days. Approximately 20 Am Law 200 firms now sponsor scholarships for minority law students, including Kirkland & Ellis, Shearman & Sterling and Baker & Hostetler. The scholarships demonstrate commitment to diversity, although it's also clear that for some firms the scholarships double as recruiting tools. Paul Garcia of Kirkland says the recipient "has to be someone we can see and want to be a partner at Kirkland & Ellis."
8 minute read
September 18, 2009 |

Law Firm Allows Full-Time Parenting in the Workplace

Roxanne B. Conlin and Associates, a Des Moines, Iowa-based plaintiffs firm, is one of only a handful of firms in the country that allows parents to bring their babies to the office. This is not on-site day care; it is full-time parenting in the workplace. In Roxanne Conlin's experience, parents are so happy to keep their kids nearby that they are motivated to perform at the top of their game. And because they aren't constantly worrying whether their child is being fed or changed, they are better able to focus.
5 minute read
April 01, 2010 |

Columns

31 minute read
May 03, 2000 |

Salaries vs. Profits: Salaries Are Winning

Just like the stock market, there seems to be no limit on the going rate for first-year associates. And just as few anticipated the Dow would ever break 10,000, most D.C. managing partners never expected to be paying starting salaries in the six figures. Well, it's happened.
6 minute read
May 30, 2008 |

The A-List (51-200)

Lawyers like to lament the passing of their fabled past, when partners knew each other on sight, firms contented themselves to operating in one ZIP code and junior associates were not a menacing anonymous horde threatening to take out their frustrations via the blogosphere. As it happens, in the big-firm world those days aren't gone, they've just moved to the Am Law Second Hundred ranks, where firms are prosperous and growing steadily but retain the possibility of old-fashioned cohesion.
28 minute read

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