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Friday, November 11, 2011

Y! Alert: The Am Law Daily


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The Score: King & Spalding's Sollers to Represent Paterno as Penn State Launches Internal Inquiry Top

The legal fallout from the Penn State sexual abuse scandal continued Friday, with ousted coach Joe Paterno retaining a high-profile litigator and the university's board of trustees naming Merck CEO—and former general counsel—Kenneth Frazier to lead an investigation into how things went so wrong in Happy Valley. Plus, in less serious legal news from the world of sports: A Robins Kaplan partner helps an old baseball hand get back in the game, Foley & Lardner plans for a Packers stock sale, and a look at the lawyers litigating over college football conference realignment.

 
Baker, Pillsbury Ink New Office Leases on Opposite Coasts Top

Bucking a 2011 trend that has seen most law firms with expiring leases renew rather than relocate, both Baker & McKenzie and Pillsbury Winthrop Shaw Pittman are taking over more than 100,000 square feet of space at new addresses in key cities.

 
DLA's Burch Dismisses Fraser Milner Tie-Up Report Top

DLA Piper global cochairman Frank Burch says a Canadian publication's report that his firm is set to merge with Toronto-based Fraser Milner Casgrain is "completely made up."

 
The Churn: Lateral Moves and Promotions in The Am Law 200 Top

K&L Gates hires two in Texas and one in Washington State, Gibbons welcomes a retired New Jersey state judge, and the former general counsel of a renewable energy general company joins Akin Gump. The Churn is constant. Please send all announcements to thechurn@alm.com.

 
The Careerist: Hi, Ho Silver! Top

Law school news roundup: Who's been doctoring LSAT scores? Which state keeps reeling in applicants to its law schools?

 
V&E, Linklaters Advise as Sinopec Takes a $5.2 Billion Gulp From Galp Top

The firms are taking lead outside counsel roles as China Petroleum and Chemical Corp. Ltd. makes a total investment of $5.2 billion in the Brazilian assets of Portuguese oil and gas company Galp Energia SGPS S.A., according to sibling publication The Asian Lawyer.

 
The Arrogance of Overconfidence Top

Combine overconfident certainty with deceptive numerical corroboration and what do you get? Bad things--including the worst aspects of big law. 

 
Reports: Ousted Paterno Contacts King & Spalding Partner Sollers Top

News outlets reported late Thursday that former Penn State football coach Joe Paterno--fired Tuesday night by the university's board of trustees as a result of a growing sex abuse scandal involving crimes allegedly committed by a former top assistant--has reached out to King & Spalding partner J. Sedwick Sollers, chair of the firm's special matters and government investigations practice group.

 
Insider Trading Update: Nixon Peabody, Davies Ward Top

For lawyers from large firms finding themselves in insider trading trouble, 2011 has been a banner year. Two incidents involving a former counsel from Nixon Peabody and a partner from top Canadian firm Davies Ward Phillips & Vineberg saw recent developments.

 
Clawbacks Face Pushback in Law Firm Bankruptcies Top

When it comes to litigation involving defunct law firms, clawback suits may be on the way out--of bankruptcy court, that is.

 

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