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The latest from The Am Law Daily

• Wachtell, Jones Day Lead as United Technologies Buys Goodrich for $18.4 Billion
• More Big Bankruptcy Fees for Lawyers in Madoff, Lehman Cases
• Media Outlets Claiming 'Law Is no Longer a Golden Ticket' Conceal Decades of a Profession in Decline
• Two More Firms Enter Great AT&T/T-Mobile USA Antitrust Fight
• Wilmer Makes Big Hires in New York and D.C.
• The Careerist: Goodbye Power Suits. Hello Jumper-Dresses!
• Report: Ex-Am Law 100 Partner Accepts Censure, Regrets 'Moral Transgression'
• Citi's Midyear Report: Firms' Expenses Outpace Revenue Gains
• 2011 Associates Survey By the Numbers: The Future
• Zuckerman Adds Former Top Cuomo Aide to Bolster New York Office

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Wachtell, Jones Day Lead as United Technologies Buys Goodrich for $18.4 Billion	Top
In a deal that represents its largest acquisition ever, the Hartford-based conglomerate will acquire the aircraft-equipment maker as a way of expanding its own aerospace business.
More Big Bankruptcy Fees for Lawyers in Madoff, Lehman Cases	Top
Baker & Hostetler and Weil, Gotshal & Manges are seeking millions for their work on the winding down of Bernard L. Madoff Investment Securities and Lehman Brothers, respectively.
Media Outlets Claiming 'Law Is no Longer a Golden Ticket' Conceal Decades of a Profession in Decline	Top
Memo to the media: the "Golden Ticket" myth hasn't been true for years. Mainstream reporting on the legal education system's failings frequently employs this two-word phrase (or some variant) to underscore the idea that a struggling economy prompted the sudden drop in a law degree's value. The problem: A hard look at the data shows that the value of legal education has been declining for decades, making the law schools' crisis worse than previously thought.
Two More Firms Enter Great AT&T/T-Mobile USA Antitrust Fight	Top
O'Melveny & Myers and Washington, D.C., litigation boutique Kellogg, Huber, Hansen, Todd, Evans & Figel have been hired by T-Mobile USA and AT&T, respectively, to try and keep the companies' proposed $39 billion merger afloat.
Wilmer Makes Big Hires in New York and D.C.	Top
Boyd Johnson III, deputy U.S. attorney in Manhattan, and Thomas Strickland, a former chief of staff to Interior Secretary Ken Salazar, are joining Wilmer Cutler Pickering Hale and Dorr.
The Careerist: Goodbye Power Suits. Hello Jumper-Dresses!	Top
Are women giving up their power-suits for the school girl/librarian look? Perhaps.
Report: Ex-Am Law 100 Partner Accepts Censure, Regrets 'Moral Transgression'	Top
A disciplinary panel of the D.C. Bar has recommended that former Venable and Saul Ewing partner Sheryl Robinson Wood be publicly censured after admitting to "intimate contact" with former Detroit mayor Kwame Kilpatrick while she served as a court-appointed monitor of the city's police department.
Citi's Midyear Report: Firms' Expenses Outpace Revenue Gains	Top
Citibank's midyear analysis of firms finds revenue up 3.7 percent, but expenses increasing by 4.7 percent, putting the squeeze on profit margins.
2011 Associates Survey By the Numbers: The Future	Top
While almost three out of four respondents to The American Lawyer's 2011 Associates Survey say they are on a partnership track at their firms, few expect to actually reach that goal.
Zuckerman Adds Former Top Cuomo Aide to Bolster New York Office	Top
Steven Cohen, who followed Andrew Cuomo from the New York state attorney general's office to the governor's mansion, will focus on white-collar criminal defense, crisis management, and complex commercial matters, while helping Zuckerman Spaeder expand its New York presence.

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