simpson thacher

Quick Shucks

• Billing Misconduct Draws Two Year Suspension March 30, 2012
  Overbilling = Stealing. […]
• Job Prospects For Law Grads? The Jury's Out March 20, 2012
  We no longer have a horse in the law-school race, so we don't pay a lot of attention to this subject, which is admittedly grabbing a lot of mindshare in the legal-punditry sector. At least this article isn't written by an insider. The purely statistical analysis is a refreshing change of pace. […]
• WilmerHale Pro Bono Client Featured in ESPN Documentary March 15, 2012
  We've seen the commercials for this as part of the ESPN documentary series. This one should appeal to the legal fans as well as the sport. In 2009, WilmerHale secured the release of Dewey Bozella, an up-and-coming boxer who was convicted of murdering an elderly woman. He served 26 years before he was finally exonerated with the firm's help. […]
• Goldman and Wachtell Not Always Frenemies March 14, 2012
  The two M&A; behemoths have managed to get along, even though WLRK apparently told El Paso not to work with Goldman due to Goldman's stake in an El Paso target. We still don't understand why Goldman didn't recuse itself. WLRK also didn't appear to apply that ethical scrutiny to itself in the switcheroo/dumping on the UTC deal last yea […]
• Unfunded Pension Plans at Law Firms Burden Younger Partners March 5, 2012
  In part, the structure of these liabilities is a legacy of an era of fewer partners and shorter life spans. We think it's also yet another problem resulting from firms distributing cash as soon as it comes in the door in order to inflate partners and retain or attract partners. In fairness, it makes sense for some rock solid firms (e.g., Cleary Gottlieb […]