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August 15, 2007 |

$4 Billion Suit Against Akin Gump Highlights Hedge Fund Representation Risks

A $4 billion damages claim filed against Akin Gump by two former hedge fund managers who claim the firm advised them that late trading was legal is a new development for law firms and shows the risks they face as they try to reap the rewards of representing private investment funds. The funds generate high legal bills, but they're apt to strike back hard if they feel firms have led them astray. In a typical securities class action, a law firm is a minor defendant after deep-pocket financial institutions.
9 minute read
January 12, 2007 |

After Hours

Extracurricular Activities.
2 minute read
June 24, 2003 |

Court Signals No End to Racial Preferences

The U.S. Supreme Court embraced the concept of affirmative action in university admissions Monday. Writing for the 5-4 majority in Grutter v. Bollinger, Justice Sandra Day O'Connor said the Court, in upholding the University of Michigan Law School policy, agreed that school diversity is a "compelling state interest" that can justify such use of race within certain limits. In a separate 6-3 opinion, the Court struck down Michigan's undergraduate admissions program as "not narrowly tailored."
7 minute read
June 06, 2005 |

Enron (Thrace) Exploration & Production BV v. Clapp

Because the Foreign Country Money-Judgment Recognition Act expressly provides that a foreign judgment may be enforced "in the same manner" as a judgment entitled to full faith and credit, a foreign judgment may be enforced by filing with the clerk pursuant to N.J.S.A. 2A:59A-27, and filing without prior notice and the opportunity to be heard does not violate defendants' right to due process of law where the judgment is entered by a court in a nation that adheres to fundamental requirements of due process.
10 minute read
Judge Rejects Wal-Mart Class Action Settlement
Publication Date: 2009-07-16
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Following accusations that Wal-Mart and plaintiffs lawyers negotiated a deal to end a wage and hour class action behind the backs of class representatives, a judge in Massachusetts has rejected the proposed settlement.

December 12, 2003 |

JAG Lawyers Train for the Challenges and Perils of Iraq

Army Capt. Sebastian Edwards looks remarkably clean for someone who has been sleeping in the desert and gone days without a shower. Compared with many of his fellow soldiers training at Fort Irwin's National Training Center, Edwards appears downright fresh. Only his dust-covered boots make it plain that Edwards -- an Army judge advocate and the sole lawyer in a combat brigade of roughly 3,000 soldiers -- has spent the past three days in the Mojave Desert as part of rehearsal exercise for assignment in Iraq.
10 minute read
December 16, 2004 |

Newsbriefs

3 minute read
July 31, 2008 |

Associates Survey 2008

Smaller firms often outscore larger ones on our annual survey of midlevel job satisfaction. It may be because a more intimate atmosphere breeds happiness. Maybe it's because associates have more responsibility. Perhaps it's because they have a better chance of making partner. In these charts, firms are grouped roughly according to size. In the first category are firms whose annual gross revenues are too low to qualify for the Am Law 200. These are the smallest firms that took part in our survey. In the second category are Am Law Second Hundred firms?numbers 101-200 on the most recent Am Law 200 survey (July.) In the final category are firms that appear on our most recent Am Law 100 (May) or Global 100 (October 2007) survey. For a full methodology, click here.
16 minute read
October 28, 2002 |

Chart: The Next 50

2 minute read
December 02, 2005 |

Accolades

For outstanding pro bono business counsel given to nonprofit organizations, the Lawyers Alliance for New York presented its annual Cornerstone Awards to Proskauer Rose and Shearman & Sterling, nine individual attorneys and a Columbia Law School professor during a reception last month at the Colgate-Palmolive headquarters on Park Avenue.
3 minute read

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