... Mayer Brown, the big ol' firm that was going to save Heller Ehrman from its imminent demise with a merger? Yeah, well, it turns out that they've got problems of their own: ... 33 lawyers and some support staff in its US offices. The news was first reported by Above The Law. The firm blamed the down economy in a statement: "As is the case in all other comparable law ... 35 staff, which came on the heels of layoffs at White & Case. Looks like law firms won't be laying off layoffs any time soon. And yes ...
November 21, 2008 02:11 am
... of our practice areas are performing well. We have benefited greatly from our practice area and geographic diversity, including our recent merger with JSM in Asia. However, as is the case in all other comparable law firms, some of our practice areas have been adversely affected by the slowdown in economic activity. Accordingly, we have asked 33 lawyers and some support and administrative staff in our US ...
November 20, 2008 10:03 pm

Recent Corporate and Alternative Entity Decisions

(Corporate Compliance and Governance Blog)
... a "one time non-recurring" expense as stated in the agreement, and therefore should have been excluded from the merger agreement revenue performance calculation. The shareholders were therefore granted summary judgment, and paid the proper ... the applicable amount for the purchase would be, since that fell within the arbitration clause. Finally, under Delaware law, the Court granted the plaintiff's motion for a preliminary injunction enjoining arbitration until the resolution of the contractual ...
November 20, 2008 08:34 pm
Ah, all the news is bad. The markets are down and the law-firm layoffs continue. The latest, courtesy of Mayer Brown: Despite the current conditions in the worldwide financial markets, ... and geographic diversity, including our recent merger with JSM in Asia. However, as is the case in all other comparable law firms, some of our practice areas have ... spokesman Bob Harris wouldn't cough up any more information - on which offices or practice areas were affected. Above the Law broke the news first.
November 20, 2008 05:41 pm

Nine CA lawyers among 30 new partners at Latham & Watkins

(The National Law Journal's L.A. Legal Pad)
... the Department of Justice. He received a JD from the University of California, Berkeley School of Law in 2000. Jason Silvera is a corporate attorney with a focus on mergers and acquisitions for private equity firms and public and private companies. ... ventures, and Internet-related and general commercial matters. He received a JD from the University of Pennsylvania Law School in 1998. Divakar Gupta is a corporate attorney focused on the representation of public and private emerging growth companies ...
November 20, 2008 04:37 pm

California Love

(DealLawyers.com Blog)
/**/ California Love - by John Jenkins, Calfee, Halter & Griswold LLP Looking for a sophisticated discussion of Delaware law concerning the effect of shareholder ratification on breach of fiduciary duty claims? How about an in-depth analysis of the current state of Delaware law on disclosure of management projections in a merger proxy statement? If so, then head to California. Last Monday, the California Court of Appeal rendered its ...
November 20, 2008 01:45 pm

Pushy Car Salesman: A Myth?

(New Jersey Lemon Law Lawyer Blog)
... issues of the auto industry. There are great articles and gives an terrific insight as to what is going on in the industry, such as the possible merger of GM and Chrysler. But there was a "study" that was done and it reported that respondents to the survey report that they were not oversold. Is this your experience? Do you think this survey is credible? If this was really true why would they do a study to prove it? Carton and Rudnick family law Carton and Rudnick consumer law Carton and Rudnick
November 20, 2008 12:13 pm

The "Sophisticated" Client in Legal Malpractice

(New York Attorney Malpractice Blog)
... the motion court correctly rejected Kramer Levin's argument that plaintiffs, as a matter of law, were aware that St. Thomas was not working capital based on the merger agreement itself. Kramer Levin did not conclusively establish, for ... v Kaufman, 91 NY2d 425, 431-432 [1998]). Further, to the extent that Mehiel, a sophisticated businessman, executed the merger agreement on behalf of plaintiffs with full knowledge of its terms, "[a]ny negligence on the part of [the client] in reviewing the agreement ...
November 20, 2008 11:34 am

Broken Deals: Who’s to Blame?

(The Harvard Law School Corporate Governance Blog)
... of Eton Park, Steven Davidoff a/k/a The Deal Professor, John Finley of Simpson Thacher, and Jim Morphy of Sullivan & Cromwell debated these questions with Vice Chancellor Leo Strine, Jr. and Professor Robert C. Clark in their Mergers, Acquisitions, and Split-Ups class here at Harvard Law School last week. The video of the event is available here.
November 19, 2008 04:13 pm
... . Ch., Oct. 28, 2008), this 39-page Chancery Court decision addressed in a cursory but scholarly manner, several preliminary issues related to the recently announced merger of Merrill Lynch and Bank of America. The opinion is a treasure trove of Delaware corporate law principles and practical corporate litigation tools that directly address the Delaware legal issues that have arisen in connection with ...
November 19, 2008 01:19 pm

Legal News - LexBlogosphere: 11/18/08

(Real Lawyers :: Have Blogs)
... , Disease Proof St. Paul Prostitution Bust Part of Larger Craigslist Crackdown - Minneapolis lawyer Jason Brown of the Brown Law Offices in the firm's Minnesota Criminal Defense Blog Wachovia Shoots Back: Says Its Board Of Directors Fulfilled Its Fiduciary Duties In Negotiating Merger With Wells Fargo - Mack Sperling of Brooks Pierce in his blog, the North Carolina Business Litigation Report
November 19, 2008 01:33 am
... and savings and loan holding companies engaged solely or predominately in financial activities permitted under the relevant law." (United States Department of the Treasury Tranche Report to Congress, November 4, 2008. Page 1, 2). ... any such distribution in proportion to the full respective distributions to which they are entitled. With regards to liquidation rights, the merger or consolidation of the financial institution with any other financial institution or other entity, including a merger or ...
November 18, 2008 08:16 pm

Bad Economy & Law Jobs in 2008

(Vancouver Law Librarian Blog)
... So when the economy has righted itself once again, I can reflect back on some of the legal industry reaction. As we reach the tail end of 2008, the economy has been all over the news. Between law firm layoffs, mergers, and dissolutions, there's been no shortage of commentary, especially as it relates to the legal job market. Items that seem to capture some of that fallout: The ABA Journal is surveying lawyers about the legal job market ...
November 18, 2008 04:00 pm

Morning Docket 11.18.08

(Above the Law)
... Antonin Scalia told a room full of big-time Texas lawyers that he disagreed with judges who used foreign law to interpret the constitution. [Houston Chronicle] * "Protesters galvanized by a dragging death that has stirred memories of the notorious James ... Belgian-based beer company InBev's acquisition of Anheuser Busch, which monopolizes 50% of the US beer market. The merger will make InBev the largest beer company in the world. [Courthouse News Service] * Sorry Ohio...President-elect Obama is ...
November 18, 2008 02:26 pm

GCs Worry About Law Firm Mergers

(InhouseBlog - News for Inhouse Counsel)
... of law firms, from boutiques to giants. So, they're watching law firm merger developments with cautious concern. Many in-house lawyers fear that mergers, like the recent one between Powell Goldstein and Bryan Cave, will place increased pressures on hourly rates and minimum requirements at the new, larger firms. GCs Worry About Law Firm Mergers ** Find an In-House Counsel Job @ InhouseBlog.com's Job Board. **
November 18, 2008 12:21 pm
... mode and anybody in the mob of lawyers joining the firm had better be on board with that. The firm, which ranked 64 on the 2008 AmLaw 100, is adding some 90 lawyers from Thelen in the United States, following about 25 through a September merger in Paris. Its leaders also announced plans to add lawyers in London and to double their 825 - lawyer organization's size in the next four years. New York partner Mats Carlston, just appointed co-chief of global expansion, admitted to Legal Pad that some ...
November 18, 2008 01:19 am

ABA Journal Weekly Newsletter

(Criminal Law Library Blog)
... Law Firm Cuts Nov 12, 2008, 06:06 am CST Law Practice Management Note on Chair Informed Cohen Milstein Head of His Expulsion From Firm Nov 11, 2008, 05:38 pm CST Law Firms Why Mayer Brown Shunned a Heller Merger Nov 11, 2008, 07:46 am CST ... God Would Smite Judge Nov 13, 2008, 07:08 am CST Law Practice Management Legal Futurist: 'The Party is Now Over' Nov 11, 2008, ... Made Him Leave Nov 10, 2008, 01:21 pm CST Law Practice Management As More Male Lawyers Use Flextime, its Acceptance Increases Nov ...
November 17, 2008 06:31 pm
... For more information regarding the seminar and presenters, click here for a PDF brochure. Here's a brief description of the seminar: Mergers and acquisitions are predicted to increase for small and medium sized businesses in the coming years. Relative to merger, research indicates that a company's value can be significantly increased if its assets, such as key employees, intellectual property and data, are properly protected. Similar results can occur with ...
November 16, 2008 11:37 pm

Promotions announced at McDermott Will & Emery

(The National Law Journal's L.A. Legal Pad)
... (San Diego) focuses on venture capital and other private equity financings, mergers and acquisitions, corporate formation and maintenance, corporate governance, convertible note ... matters including health care related litigation. (University of California, Berkeley, School of Law, J.D., 2002; Amherst College, B.A., magna cum laude, 1999) ... various aspects of general litigation matters. (University of California, Los Angeles, School of Law, J.D., 2002; Vanderbilt University, B.S., 1997) See here ...
November 14, 2008 04:34 pm

Greetings from DC

(Life Insurance Law Blog)
... - 48 jurisdictions have approved them at this point, so there was little more than a passing reference to state insurance law issues. The discussion of member firms' FINRA exams and the process of completing the merger into that entity was also enlightening about what federal regulation of insurance could bring. My consulting company's work has moved into federal and multi-jurisdictional filings, so the additional ...
November 14, 2008 12:01 pm
 
 

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