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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: law firm

law firm stories: 10 news summaries
GLOSSIES

 Imprisoned 
 Ponzi Schemer: 
 It Happens to 
 the Best of Us 

Jailed Ponzi lawyer just wanted a beach house. $380 million later...

Sep 29, 09 3:32 PM CDT
(Newser) - Before he left house arrest in his posh New York apartment to start serving a 20-year sentence, Ponzi schemer Marc Dreier attempted to explain his bizarre actions. Dreier sold bogus debt to expand his law firm, impersonating execs from other companies to do so. His criminal enterprise, he tells More »

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New York City • federal prison • Ponzi scheme • bank fraud • law firm • Bernard Madoff • Marc Dreier

(Newser) - Top law school grads are competing this fall for just half the number of entry-level positions big firms offered last year, in what the New York Times calls the most difficult employment season in half a century. One of New York's biggest firms has cut its hires by more than... More »

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employment • recession • law school • corporate law firms • law firm • recession depression • hiring

 Lawyers Rush In to Grab 
 Work From Lobbyists 

Having fewer restrictions on lawyers' activities attracts clients

Apr 21, 09 10:02 AM CDT
(Newser) - The Obama White House may have toughened rules on lobbyists, but the bonanza of new spending and regulation ushered in by the new administration has created a gold rush of lobbying opportunities, nonetheless, and law firms are horning in on the action, Politico reports. Staffing up with experts who provide... More »

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John Warner • Gordon Smith • lobbying • Washington lobbyists • law firm • Jon Porter

(Newser) - Lehman Brothers' bankruptcy filing is a gold mine for lawyers. One New York firm asked a bankruptcy judge this week to authorize a $55 million payment—the largest quarterly fee ever for a bankruptcy case, the Wall Street Journal reports. When all is said and done, this firm alone—Weil,... More »

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bankruptcy • Lehman Brothers • legal fees • law firm • banking industry

NYC Firm Pays Lawyers for Not Going to Work

Cost-cutting measure gives employees $80K for taking a year off

Apr 13, 09 8:34 AM CDT
(Newser) - Amid nationwide layoffs and salary freezes, how could a New York law firm justify paying some of its employees $80,000 to stay away from the office? It makes more sense when you know that the lawyers usually make three times that: The partners have found a way to cut... More »

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layoffs • salary • lawyer • weakening economy • corporate jobs • law firm • furlough • Skadden, Arps, Slate, Meagher & Flom

OPINION

 All Those Years 
 We Were Racing 
 to Nowhere 
 

Investors Wasted 12 Years

Apr 9, 09 11:00 AM CDT
(Newser) - For years, denizens of Wall Street have been living a frantic existence, sleeping, eating and otherwise living at the office, “because whatever it is that had to happen had to happen immediately, or yesterday,” writes Elizabeth Wurtzel in the Wall Street Journal. And what did this feverish... More »

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Wall Street • mergers and acquisitions • corporate culture • corporate law firms • law firm • financial crisis

(Newser) - The sluggish economy has more law firms deferring offers of positions to graduating law students, Time reports. The idle young lawyers join more than 3,000 attorneys who have lost jobs since January 2008; the industry is expected to earn up to 10% less this year than last. One upside:... More »

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education • recession • law school • lawyer • graduation • law firm • defer

GOSSIP ROUNDUP

 Jade's Funeral Date Set 

Plus, Rihanna house hunts, and more

Mar 24, 09 10:28 AM CDT
(Newser) - The funeral for Jade Goody, the British reality star who died of cervical cancer, will be held April 4, the BBC reports. A funeral procession will go from her house to a nearby church. Elsewhere:
  • Rihanna was spotted house-hunting yesterday in the Hollywood Hills, the Sun reports.
  • Struggling-for-cash
... More »

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television • Britney Spears • reality TV • Angelina Jolie • California • Hollywood • taxes • cervical cancer • Lindsay Lohan • celebrity • death • lawyer • funeral • Britain • Kiefer Sutherland • legal fees • Rihanna • estate • TV series • law firm • Maserati • Marcheline Bertrand • Jade Goody • back taxes

 Chrysler Hires Bankruptcy Firm 

Privately owned automaker preparing for Chapter 11 should feds not help out

Dec 5, 08 3:00 PM CST
(Newser) - Chrysler has contracted a law firm to help it prepare for bankruptcy, the Wall Street Journal reports. The hiring of Jones Day suggests the automaker faces immediate failure if Congress decides to deny financial assistance to Detroit automakers. Jones Day has experience in automotive matters and has represented the United... More »

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Chrysler • United Auto Workers • bankruptcy • General Motors • merger • Robert Nardelli • auto industry • Big Three • Chapter 11 • law firm • financial crisis • Jones Day

Law Firm Escapes Criminal Charges in $75M Deal

Milberg will pay $75M, admit wrongdoing

Jun 17, 08 7:41 AM CDT
(Newser) - Ducking criminal charges, law firm Milberg LLP will pay the government $75 million and admit wrongdoing in a settlement following a 2-year-old indictment, the Wall Street Journal reports. The firm, which deals with shareholders' class-action lawsuits, acknowledges it paid kickbacks to attract clients between 1979 and 2005, enabling the firm... More »

MORE ABOUT:
settlement • Milberg Weiss • kickbacks • law firm

10 Stories


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