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Andersen`s Lawyer Paints Duncan as Pressured to Plead
Defense attorney Russell Rusty Hardin Jr. is doing his best to portray former Arthur Andersen auditor David Duncan, the government`s key witness in Andersen`s obstruction of justice trial, as an innocent family man who was pressured to plead guilty to a crime and testify for the government.No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.THE A-LIST 2011 Upheaval in the Ranks
None of the firms on last year's A-List returned to the same spot this year. Whether it was a result of a firm's spike in its associate satisfaction score, or a drop in its revenue per lawyer, the 2011 A-List was all about volatility.The group filed what appears to be its first amicus brief, urging the Second Circuit to uphold U.S. District Judge Jed Rakoff's controversial rejection of the SEC's $285 million settlement with Citigroup. If you expected the brief to be stuffed with inflammatory rhetoric, you'd be wrong.
Charles R. Morgan, BellSouth Corp.
Charles R. Morgan is executive vice president and general counsel of BellSouth Corp., the third-biggest player in the U.S. local phone service market. He says, "Lawyers have an important role here. Their views are considered important. Nobody says, 'That's not a legal matter--we're not interested in your view.'I've told the lawyers, 'You're in in-house heaven here.'"Victims of convicted Ponzi schemer R. Allen Stanford finally got some good news Monday when their class claims against law firms and other advisors accused of aiding in the multibillion dollar fraud were restored. And that's bad news for the primary targets of the litigation, which include Proskauer Rose, Chadbourne & Parke, and Adams & Reese.
10 Survival Tips For First-Year Associates
Fresh out of school, armed with a law degree and a passing grade on the bar exam, first year associates don't have a clue when it comes to practicing law. These 10 survival tips come straight from the source: junior partners and senior associates, all of whom started their practice in top-notch law firms.Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.
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