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The latest from The Am Law Daily

• The American Lawyer 2011 Summer Associates Survey: Rational Exuberance?
• Appeals Court Tosses 'Don't Ask, Don't Tell' Challenge
• Hogan Lovells, Herbert Smith Advise on Exxon Mobil's $1.75 Billion Oil Fields Sale
• Anna Nicole Smith Makes her Mark on Heller Bankruptcy Case
• Four Firms Take Roles on Nationwide Mutual's $760 Million Merger
• TARP Watchdog Snaps at Four Am Law Firms' Billing Practices
• The Careerist: Are You Manic Obsessive?
• The Bankruptcy Files: Copper, DVDs, and Digital Security
• Luce Forward Partner Takes Stand at Trial of Michael Jackson's Doctor
• India Leaves Door Ajar for U.K. Firms

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The American Lawyer 2011 Summer Associates Survey: Rational Exuberance?	Top
Law students who spent the past summer working as associates at some of the nation's largest firms went into their jobs knowing the negative reputation that life at such firms can have. They ended the season believing that reputation isn't deserved—at least not where they worked.
Appeals Court Tosses 'Don't Ask, Don't Tell' Challenge	Top
Saying the matter was moot, the U.S. Court of Appeals for the Ninth Circuit on Thursday dismissed a constitutional challenge by the Log Cabin Republicans and their attorney, White & Case partner Daniel Woods, to the recently repealed ban on gay men and women serving openly in the military.
Hogan Lovells, Herbert Smith Advise on Exxon Mobil's $1.75 Billion Oil Fields Sale	Top
The two firms take the lead as Exxon Mobil sells Apache Corporation its North Sea oil fields.
Anna Nicole Smith Makes her Mark on Heller Bankruptcy Case	Top
Eight firms, including Arnold & Porter, Cooley, Hogan Lovells, Pillsbury Winthrop, and Proskauer Rose have agreed to pay a combined total $2.25 million to settle disputes with the estate of bankrupt Heller Ehrman. Eight others, citing a Supreme Court ruling in a case involving Smith, want their cases moved to federal district court.
Four Firms Take Roles on Nationwide Mutual's $760 Million Merger	Top
Jones Day, Fox Rothschild, Ballard Spahr, and Stevens & Lee are working on Nationwide Mutual Insurance's $760 million cash bid for Harleysville Group.
TARP Watchdog Snaps at Four Am Law Firms' Billing Practices	Top
A new 52-page audit report released by the office of the special inspector general for the Troubled Asset Relief Program criticizes $8.1 million in legal fees paid to four Am Law 100 firms: Bingham, Cadwalader, Locke Lord, and Simpson Thacher, according to sibling publication The National Law Journal.
The Careerist: Are You Manic Obsessive?	Top
You're a lawyer not a yoga instructor, so no one expects you to be well-balanced. But are you so obsessive about work that you might burnout? Find out.
The Bankruptcy Files: Copper, DVDs, and Digital Security	Top
Speculating about how a sovereign bankruptcy might play out, mulling what a Chapter 11 filing by Bank of America's ailing Countrywide could mean for the financial services giant, and rounding up new restructuring assignments for Skadden, Saul Ewing, and several other firms.
Luce Forward Partner Takes Stand at Trial of Michael Jackson's Doctor	Top
Kathy Jorrie, partner-in-charge of Luce, Forward, Hamilton & Scripps's Los Angeles office, testified Wednesday at the trial of Conrad Murray, the cardiologist accused of involuntary manslaughter in connection with the 2009 death of legendary pop star Michael Jackson.
India Leaves Door Ajar for U.K. Firms	Top
The Indian government has indicated that it may soon make a decision on whether British law firms will be allowed to practice on the subcontinent, according to local press reports about talks between India's law minister and the U.K.'s secretary of state.

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