- Bruce Wasserstein, Lazard Chief and former American Lawyer Owner, Dies – Wow. RIP. In addition to all the accomplishments in the AmLaw piece, he's the author of one our favorite M&A books, "The Big Deal"
- Debevoise on Another AIG Asset Sale, Simpson Thacher Joins In – That still leaves about $200 billion to go, including accrued interest.
- lawjobs.com Career Center – Top South Florida Attorneys’ Billing Rates Rise in 2009 – Congratulations to the firms who somehow managed to raise rates, despite every indicator (client pressure, decreased demand, etc.) to the contrary.
- Report: BofA to Waive Privilege in Merrill Flap – Whatever happened to the McNulty memo and leaving a/c privilege claims alone? That sure didn't last long.
- The DealBook Dialogue Round-Up – DealBook Blog – NYTimes.com – At least read the summary.
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Really, they’re raising their rates? Are they a bankruptcy and foreclosure law firm? If so, then they probably have a lot more demand for their services right now. Which is the only reason I can think of for them to raise their rates at a time like this.