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Free Nationwide WiFi: Too Good To Be True?March 4 (Bloomberg Law) — A recent Washington Post article said the federal government may create a free nationwide super WiFi network. The network would be so powerful and broad that consumers could use the network to “make calls or surf the Internet without paying a cellphone bill every month,” the paper said. Harold Feld, [...]
March 4, 2013 -
Could A US-EU Free Trade Deal Harm The WTO?March 1 (Bloomberg Law) — In his 2013 State of the Union address, President Obama announced plans to negotiate and execute a free trade agreement between the United States and the European Union. Jim Bacchus, partner at Greenberg Traurig LLP and former Democratic congressman from Florida, thinks a new deal could spur growth on both [...]
March 1, 2013 -
Weekly Brief: Rakoff Orders Gupta To Pay Goldman Sachs’ Legal FeesFeb. 28 (Bloomberg Law) — Bloomberg Law’s Lee Pacchia runs through the legal news for the week. Manhattan Federal Judge Jed Rakoff ordered former Goldman Sachs’ director Rajat Gupta to reimburse the investment bank for fees and expenses related to the investigation of his insider trading. Also, US Senator Ted Cruz made some controversial remarks [...]
February 28, 2013 -
BigLaw Growth is Dead. Here’s What’s NextFeb. 28 (Bloomberg Law) — The era of ever-expanding revenues and profits for the nation’s largest law firms — a period that lasted from 1980 to 2008 — is over, and it’s never going to happen again, law firm consultant Bruce MacEwen tells Bloomberg Law’s Lee Pacchia. Big law firms are now “in a battle [...]
February 28, 2013 -
Bill on Bankruptcy: Secret Madoff Agreement May Harm VictimsFeb. 27 (Bloomberg) — Money stolen from victims of the Bernie Madoff Ponzi scheme is earmarked for someone who may have been an accomplice in the fraud, and the agreement is being kept secret by a federal district judge. That’s the first item on the new video with Bloomberg Law’s Lee Pacchia and Bloomberg News [...]
February 27, 2013 -
Consultant: More Big Law Firms Will “Implode”Feb. 27 (Bloomberg Law) — Bruce MacEwen, a law firm consultant and blogger at AdamSmithEsq.com, tells Bloomberg Law’s Lee Pacchia that “we will see some more name brand [law] firms implode” in 2013. The defunct New York law firm Dewey & LeBeouf, which dissolved in 2012, saw its bankruptcy plan approved by a Manhattan U.S. [...]
February 27, 2013 -
Stealth Lawyer: Dawn Porter, Filmmaker, ‘Gideon’s Army’Feb. 27 (Bloomberg) — Dawn Porter, a filmmaker, discusses her new HBO documentary “Gideon’s Army” which follows a group of young public defenders in the Deep South who contend with long hours, low pay and staggering caseloads to represent low-income individuals. Porter, speaking with Bloomberg Law’s Spencer Mazyck, also discusses her transition from practicing law [...]
February 27, 2013 -
N.Y. Anti-Terror Law Diminishes Pursuit of Terrorism: LawyerFeb. 26 (Bloomberg) — Catherine Amirfar, litigation partner at Debevoise & Plimpton LLP, talks about recently obtaining a landmark victory on behalf of her client, Edgar Morales, in the first ever case of a gang member tried as a terrorist. On December 11, 2012, New York’s highest court threw out manslaughter, attempted murder and weapon [...]
February 26, 2013 -
Law Prof: I May File Law School Ethics ChargesFeb. 22 (Bloomberg Law) — Ben Trachtenberg, an associate professor at University of Missouri School of Law who has written about law schools misrepresenting incoming student GPAs, LSAT scores and graduate employment data, says he may file legal ethics complaints with state bars against those who allegedly published the bogus data. “Almost every day when [...]
February 22, 2013 -
Weekly Brief: New DOJ Tack Pushes Bank Subsidiaries To Admit GuiltFeb. 21 (Bloomberg Law) — Bloomberg Law’s Lee Pacchia runs through the legal news for the week. The Department of Justice appears to be changing its approach on prosecuting those responsible for the financial crisis. Also, four major law firms just won licenses to practice law in Singapore. Finally, the dean of Rutgers Law School [...]
February 21, 2013 -
Stealth Lawyers: Steven Abt & Moiz Ali, Craft Spirits CuratorsFeb. 20 (Bloomberg) — Steven Abt and Moiz Ali, founders of Caskers, talk with Bloomberg Law’s Spencer Mazyck about their transitions from practicing law at Wachtell, Lipton, Rosen & Katz and Simpson Thacher & Bartlett LLP, respectively, to starting a company that curates, markets and makes available for sale craft spirits. (Source: Bloomberg)
February 20, 2013 -
Courtroom Movies: Hollywood’s Most Hackneyed GenreFeb. 20 (Bloomberg Law) — Ever notice how every movie trial has the very same tired elements? From “all rise” to the celebration after a “not guilty” verdict, every celluloid trial looks like every other one you’ve ever seen. Think we’re exaggerating? Then take a look at these scenes from 29 of the “best” courtroom [...]
February 20, 2013 -
Aquila: M&A Looking Up in 2013; “The Negatives Are Built In”Feb. 15 (Bloomberg) — Frank Aquila, partner at Sullivan & Cromwell, talks with Bloomberg Law’s Lee Pacchia about the prospects for mergers and acquisitions activity in 2013. Aquila notes that while 2012 was something of a disappointment, we are off to a strong start in 2013 with several indications for a solid year for dealmakers.
February 19, 2013 -
$300 Million Dairy Settlement Will Bring Reform, Lawyer SaysFeb. 19 (Bloomberg) — Robert Abrams, Chair of the Antitrust Group at Baker & Hostetler LLP, talks about his representation of a certified class of southeastern dairy farmers in the recently announced $158.6 million settlement of an ongoing antitrust class action brought by the farmers against major milk producers. Total recovery for the dairy farmers [...]
February 19, 2013 -
New Happy Birthday Song, Copyright-FreeFeb. 19 (Bloomberg) — That’s “It’s your Birthday!” by Monk Turner and Fascinoma. If New Jersey radio station WFMU and the Free Music Archive have their way, it will soon replace the most recognized song in the English language, “Happy Birthday to You.” And it’s all because of copyright law. The “Happy Birthday To You” [...]
February 19, 2013 -
Weekly Brief: Courthouse Violence on the RiseFeb. 14 (Bloomberg Law) — Bloomberg Law’s Lee Pacchia runs through the legal news for the week. A recent shooting at a courthouse in Wilmington, Delaware highlights a disturbing rise in violence in and around courts. Mary Jo White filed her financial disclosures and potential conflicts should she become the next chair for the SEC. [...]
February 19, 2013 -
Alabama Rolls Harvard At Law; Editor Explains RankingsFeb. 14 (Bloomberg Law) — Jack Crittenden, editor-in-chief of National Jurist, talks to Bloomberg Law’s Lee Pacchia about his publication’s recently released law school rankings. The results of the survey generated controversy after listing the University of Alabama’s law school higher than that of Harvard.
February 19, 2013 -
Bill on Bankruptcy: Rakoff Reverses Himself in Madoff CaseFeb. 13 (Bloomberg) — Judges rarely reverse themselves. When U.S. District Jed Rakoff recanted a ruling he made previously in the liquidation of Bernard L. Madoff Investment Securities Inc., the reversal was important because it allows the Madoff trustee to knock out billions of dollars in claims, as Bloomberg Law’s Lee Pacchia and Bloomberg News [...]
February 13, 2013 -
Next Step in Airline M&A: Cross-Border DealsFeb. 13 (Bloomberg Law) — In light of the tentative deal for American Airlines and US Airways to merge, Frank Aquila, a mergers-and-acquisitions partner at New York’s Sullivan & Cromwell, says US airline mergers have reached their “end game.” The next step will be whether governments “allow cross-border consolidations” of airlines. “That’s the next frontier,” [...]
February 13, 2013 -
Stealth Lawyer: Art Chung, Game Show WriterFeb. 13 (Bloomberg) — Art Chung, puzzle guru and writer for NPR’s “Ask Me Another,” talks with Bloomberg Law’s Spencer Mazyck about his transition from practicing law at Simpson Thacher & Bartlett LLP to writing for game shows like “Who Wants to Be a Millionaire,” “Cash Cash,” “Stump the Schwab,” and “The World Series of [...]
February 13, 2013