Survey Shows the Bell Is Tolling for the Billable Hour
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Law.com
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Tue 3:02 am ET Companies are successfully pushing their outside counsel to abandon the billable hour, a new survey indicates. The survey of 587 general counsel and chief legal officers found that 39 percent paid law firms more money this year under alternative fee arrangements than they did in 2008.
High Court Seems Unconvinced by Merck in Vioxx Arguments
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Law.com
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Tue 3:02 am ET U.S. Supreme Court justices seemed reluctant Monday to give the pharmaceutical company Merck & Co. a "statute of limitations" way out of defending against a securities fraud class action involving Vioxx.
Seyfarth Partner Sues Own Firm, Alleging Demotion and Exploitation
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Law.com
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Tue 3:02 am ET In the latest development involving Seyfarth Shaw's former representation of Tae Bo creator Billy Blanks, the firm has been sued by one of its own partners. The lawsuit, brought by nonequity partner William Lancaster, alleges that Seyfarth Shaw demoted and exploited him for his role in representing Blanks, who won a $30 million malpractice verdict against the firm.
'Iqbal' Derails Tubercular Attorney's Privacy Complaint
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Law.com
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Tue 3:02 am ET Attorney Andrew Speaker, who made news when he took a trans-Atlantic flight while infected with a rare strain of tuberculosis, probably lost his bid to hold the Centers for Disease Control and Prevention liable for federal privacy act violations based on recent U.S.
IRS, FBI, Investors All Want a Piece of Rothstein's Seized Assets
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Law.com
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Tue 3:02 am ET A multimillion-dollar tug of war between the U.S. government and purported investor victims appears to be brewing in the burgeoning federal investigation of alleged Ponzi scheme operator Scott Rothstein, who has lost his law license, his law firm and his personal standing as a philanthropist and a power broker.
AIG-Greenberg Battle Ends With $150 Million Legal Tab
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Law.com
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Tue 3:02 am ET American International Group's litigation against former CEO Hank Greenberg has been very, very good to Boies, Schiller & Flexner and Paul, Weiss, Rifkind, Wharton & Garrison . How good?
Small Firm Takes Big Bankruptcy Fight to High Court
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Law.com
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Mon 3:01 am ET For a number of lawyers across the country, a 2005 federal law requiring them to advertise as a debt relief agency -- regardless of whether they offer sporadic or regular bankruptcy advice to clients -- irritates like a pair of ill-fitting shoes.
Feds Drop Money-Laundering Case Against Miami Attorney
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Law.com
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Mon 3:01 am ET When federal prosecutors dropped all charges Wednesday in its money-laundering case against prominent Miami attorney Ben Kuehne and two co-defendants, the Justice Department left in its tracks a string of courtroom failures.
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