By Alexadra Levit. I often tell the story of my first boss, who hated me so much I thought I’d unknowingly committed some grave offense. She’d call me into her office and yell at me for dressing inappropriately and offending colleagues even though in my opinion, I looked and acted just like everyone else. Feeling […]
Several investors who lost about $4.5 million combined in the Ponzi scheme Florida fund manager Arthur Nadel allegedly ran have sued Holland & Knight, claiming the offering documents the firm helped Nadel prepare failed to mention several key facts — including that Nadel had been disbarred for fraud, according to the complaint. The documents in
For Michelle Obama, corporate law turned out not to be the career she wanted to look back on at the end of her life. “I had to ask myself whether, if I died tomorrow, would I want this to be my legacy, working in a corporate firm, working for big companies,” the first lady told
DLA Piper is slashing salaries for its U.S. associates in conjunction with an announcement that the law firm is shifting to merit-based compensation. The law firm will reduce first-year associate salaries in major markets from $160,000 to $145,000. First-year salaries of $145,000 in other cities will drop to $130,000. It will cut salaries at other
Marc Dreier, the New York law firm founder accused of defrauding hedge funds by selling $700 million in phony promissory notes, might face life in prison after pleading guilty to fraud charges. Dreier, who turned 59 today, pleaded guilty in federal court in New York to charges of money laundering, conspiracy, securities fraud and wire
A four-partner litigation team from Clifford Chance’s New York office has left the firm to set up an arbitration boutique. Disputes partners Peter Chaffetz, David Lindsey, Charlie Scibetta and James Hosking have left the Magic Circle firm to launch Chaffetz Lindsey — which officially opened Tuesday. The new firm, which also includes former Clifford counsel
There are fewer than 250 cases of swine flu in the United States, but its fervor may prove more contagious than its fever. The legal community is not immune. Lawyers say employer clients want to know what they can do within the law to contain the swine flu if it strikes their workplaces. Attorneys for
Convicted conman Bernard Madoff turned his investment firm into his “personal piggy bank,” using tens of millions of dollars in client funds to cover costs for employees and family members, court papers say. Madoff used money from his firm, Bernard L. Madoff Investment Securities LLC, to pay loans, satisfy capital calls, fund real estate purchases
The Illinois Lawyers’ Assistance Program had its busiest month on record in April. The organization, which helps attorneys deal with problems like depression and substance abuse, had 42 new referrals — nearly twice the monthly average in 2008. The phenomenon isn’t limited to Illinois. Across the country, lawyer assistance programs are seeing demand for their
What has the world come to when Cravath, Swaine & Moore has a terrible year? The firm that has served for decades as the touchstone for prestige in the profession last year suffered a 13 percent drop in revenue and a 24 percent plunge in profits per partner, and has asked incoming first-year associates to
