Jane Vris Goes Inhouse

March 5, 2012

Corinne Ball may have gotten more press lately, especially last year with all the GM work, but if there’s competition for the title of matriarch of bankruptcy law, Jane Vris is at the top of that list. Vris has been at Vinson & Elkins four-and-a-half years, ever since the boutique she cofounded was acquired by […]

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Dewey Laying Off 5% of Attorneys, 6% of Staff

March 3, 2012

Above the Law smelled something fishy more than a week ago, but we suspect even they were surprised by Dewey & LeBoeuf’s announcement of significant layoffs. ATL has the full memo, but here’s the money quote from managing partner Steven Davis: Notwithstanding our results in 2011 and so far this year, the firm’s Executive Committee […]

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Bingham Lays Off 42 Staff & Other Potential Canaries in the Coal Mines

February 29, 2012

Bingham has laid off 42 staffers, reports ATL.  Company quote (kudos to the firm for clear communications and getting out front of this, by the way): I am writing to let all of you to know that we conducted a reduction in force of our staff this week. We eliminated 42 positions across our U.S. […]

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S&C Founder Looks Like He’d Be Fun To Have A Drink With

February 27, 2012

Wikipedia profile picture of William Nelson Cromwell, right.  Something about his posture makes him look a lot more lively than the stuffed shirts that founded most of the BigLaw firms. Highlights from his bio include a net worth (adjusted for today’s dollars) of approximately $137 million.  He was also instrumental in negotiating to have what […]

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Sjoblom Role in Stanford Debacle Takes Center Stage

February 9, 2012

We’re often accused of being BigLaw apologists (btw, stop emailing and start commenting if you have something to say!), but at least now we’ve got someone else to point to as being worse.  Our buddies at AmLaw Daily. In “Stanford Trial Drags Former Proskauer, Chadbourne Partner Back into Spotlight” they kiss up at least as […]

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BlackRock GC Quits

February 7, 2012

Robert Connolly’s 15-year run as general counsel of BlackRock is over. Read all about him from when he was feted by the Directors Roundtable in 2010. Seems like something interesting is going on behind the scenes: Circumstances surrounding his exit were unclear. Connolly’s departure is abrupt, according to people familiar with the matter, who said […]

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Cravath Vet Getting $16M Heart Balm

January 30, 2012

A long time ago, Donald Drapkin was an associate at Cravath.  Back in the early 70s, the firm was strictly “up or out.”  We don’t know if that was the message given to Drapkin, but he left after six years as an associate, for the much more Jewish friendly upstart, Skadden. Or, he could have […]

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Why Are Lawyers Still Expecting Spring Bonuses?

January 20, 2012

Exhibit A: The Goldman Bonus ‘Bloodbath’ By bloodbath, we’re talking bonuses ranging from flat to down 30 or 40%, depending on area, but at least base pay is flat, unlike… Exhibit B: Bonus Watch ’12: JPMorgan First year associate base pay down to $120 from $125, second years to $140 from $150, bonuses flat. Exhibit […]

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Ropes Lawyer at Center of West Memphis 3 Media Frenzy

January 20, 2012

Peter Jackson, who looks like the hobbits he’s currently directing, also does some side project passion work advocating, through a documentary, for the release of the West Memphis Three.  Basically, three Arkansas then-teenagers who were convicted of murdering three second graders.  The convicts’ (and many of the victims’) advocates have long held that the three […]

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Is Simpson Out-Wachtelling Wachtell?

January 19, 2012

Wachtell’s herculean efforts to keep management in place are legendary.  Marty Lipton invented the poison pill for crying out loud. But that was 30+ years ago. Now it looks like Simpson Thacher has come up with the most-recent tool to protect management. Eliminating stockholders’ rights to take a company to court. In Carlyle Group’s pending […]

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