Law Shucks — Life in, and after, BigLaw

Microsoft Founder’s Gift to BigLaw

by law shucks August 30, 2010 Suits

Microsoft founder Paul Allen has gone and handed BigLaw a big, fat gift. His patent-holding company (it used to actually do research) has sued 11 of the world’s biggest internet companies. This is going to be like SOX (or Dodd-Frank) for patent geeks – full employment for all. The list of defendants is filled with [...]

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Quick Shucks – 8/27/10

by law shucks August 27, 2010 News

When Attorneys General Attack – …turn to former Indiana AG Jeff Modisett, currently of Bryan Cave. HP Announces Revised Proposal to Acquire 3PAR for $30 per Share in Cash | Business Wire – 3PAR must be feeling the love right now. Dell offered a huge premium, HP topped, Dell matched, HP tops again, bringing the [...]

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Client’s Perspective on a Busted Deal

by law shucks August 27, 2010 Deals

For all the deals we write about here, those that get completed are but a percentage of those that get announced. Even greater is the gap between those that get announced and those that never even get signed. Deals fall apart all the time for a variety of reasons. For most lawyers, it’s just one [...]

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Quick Shucks – 8/26/10

by law shucks August 26, 2010 News

Sketchy Startup Promises Facebook Stock To Investors – Top tech blogger Mike Arrington returns to his BigLaw roots and dusts off fancy vocabulary words like "general solicitation of securities." Also – the startup is beyond stupid and the founder has been slapped for this before. "When Cougars Attack (at the Firm): What Do I Do?" [...]

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Calling All Inhouse Counsel: Turn on the Lights!

by law shucks August 26, 2010 Jumping In(House)

Commenter Publius asked this question on one of the previous posts: What exactly is the salary range for in-house counsel? Is there one that can even be arrived at or is it simply too disparate an array? Perhaps making this information available discreetly would make individual attorney’s bargaining positions slightly stronger; a blog might serve [...]

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Considering A Hunger Strike

by law shucks August 25, 2010 Off Topic

We’re thinking about going on a hunger strike. It seems like a good way to get a lot of attention without doing a lot of work. We’re also not sure what to do it for. Should we hold out for Wachtell to represent the underwriters on a generic IPO, or wait until Quinn Emanuel does [...]

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SEC Goes After Potash Insider Traders

by law shucks August 25, 2010 Deals

We knew BHP Billiton’s unsolicited, and rejected, $38 billion bid for Canadian fertilizer company Potash was going to be an interesting deal. That’s just the nature of high-stakes, cross-border, hostile dealmaking. Today, the SEC gave us the cherry on top: insider-trading allegations. The Commission is going after two Spaniards – one of whom works at [...]

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Quick Shucks – 8/25/10

by law shucks August 25, 2010 News

Ohio Lawyer Suspended for Billing More than 24 Hours in a Day – News – ABA Journal – But if you do it at Cravath, you become a legend. Wachtell M&A Partner Dies At 49 – Our condolences to Craig Wasserman's family, friends, and colleagues. Video Killed the Lehman/Barclays Star Witnesses – Bankruptcy Beat – [...]

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What Is an Alcoholic Bimbus?

by law shucks August 24, 2010 Off Topic

THR, Esq. is right. This is by far the weirdest Lindsay Lohan legal story you will read today. ETrade commercial, talking baby, comment about someone named Lindsay, yadda yadda, lawsuit. “The type of a particular role and persona, the role of an alcoholic bimbus woman, that (sic) Defendants were looking for in their said commercial, [...]

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It’s Cleary

by law shucks August 23, 2010 Deals

We were right. A company spokesperson has just confirmed that Cleary Gottlieb is advising HP on its topping bid (over Dell) for 3PAR. Financial Advisor is JP Morgan. We’re trying to track down the individuals involved. These are exciting times at Cleary, don’t forget the firm is also doing BHP Billiton’s unsolicited $38 billion bid [...]

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