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Legal Malpractice
Legal Malpractice Professional Liability Claims, Litigation Strategies, and Attorney Disciplinary Procedures Friday, March 24, 2017 Friday, March 10, 2017 New York City | Live & Webcast Westchester | Live Program Friday, March 24, 2017 Friday, March 17, 2017 Albany | Live Program Rochester | Live Program Friday, March 31, 2017 Long Island | Live Program 4.0 MCLE Credits 3.0 Ethics | 1.0 Law Practice Management Interactive Video Conference Formats are approved for MCLE Credit for all attorneys, including newly admitted. www.nysba.org/LegalMalpractice2017Materials Sponsored by the Law Practice Management Committee, the Torts, Insurance & Compensation Law Section and the Trial Lawyers Section of the New York State Bar Association. This program is offered for educational purposes. The views and opinions of the faculty expressed during this program are those of the presenters and authors of the materials. Further, the statements made by the faculty during this program do not constitute legal advice. Copyright © 2017 All Rights Reserved New York State Bar Association Program Description Lawsuits against lawyers arising from errors and/or omissions in the performance of legal services are on the rise. It is now an integral part of a law firm’s business practice to evaluate its legal risk and malpractice insurance needs. This program is designed to educate attorneys on how to prosecute and/or defend a legal malpractice action. In addition, this program will educate attorneys about their legal malpractice exposures, what they should do in the event that a lawsuit is filed against them, and what they should do when situations arise that indicate that a legal malpractice claim is likely. -
When Law Firms Go Bankrupt — What Secured Lenders Can Learn from the Dewey Bankruptcy
PLACE PDF @ 88% REPRINTED FROM THE NOV/DEC 2012 ISSUE, VOL. 10, NO. 8 BANKRUPTCY UPDATE When Law Firms Go Bankrupt — What Secured Lenders Can Learn From the Dewey Bankruptcy BY JEFFREY A. WURST, ESQ When law firm Dewey & LeBoeuf filed for Chapter 11 protection, it was obligated to its secured creditors, among many others, led by JP Morgan on a $75 million line of credit facility. Jeffrey Wurst explains what led to Dewey’s collapse and offers advice regarding key indicators of a potential creditor’s fiscal irresponsibility. ictims of bankruptcy come in many forms. Dewey filed for bankruptcy in the U.S. Bankruptcy They include the debtors themselves, as well Court for the Southern District of New York. Many theo- V as their secured and unsecured creditors. When ries abound as to the causes of Dewey’s collapse, but, law firms fall into bankruptcy, the secured lenders are essentially, the crux appears to be that Dewey guaran- often among the hardest hit. Typically, these secured teed an unsustainable amount of compensation to both lenders take security interests in all assets of the law newly acquired and longstanding partners. Hoping to firm when funding operations. The assets with the generate enormous fees off these highly compensated most value tend to be the cash and cash equivalents partners, Dewey subsequently took on debt to fund the and the accounts receivable. The problem with many failing business. However, the economic impact of the recent law firm bankruptcies is that cash on hand is recession forced Dewey to consolidate its debt. Further JEFFREY A. -
Law School Record, Vol. 48, No. 1 (Fall 2001) Law School Record Editors
University of Chicago Law School Chicago Unbound The nivU ersity of Chicago Law School Record Law School Publications Fall 9-1-2001 Law School Record, vol. 48, no. 1 (Fall 2001) Law School Record Editors Follow this and additional works at: http://chicagounbound.uchicago.edu/lawschoolrecord Recommended Citation Law School Record Editors, "Law School Record, vol. 48, no. 1 (Fall 2001)" (2001). The University of Chicago Law School Record. Book 85. http://chicagounbound.uchicago.edu/lawschoolrecord/85 This Book is brought to you for free and open access by the Law School Publications at Chicago Unbound. It has been accepted for inclusion in The University of Chicago Law School Record by an authorized administrator of Chicago Unbound. For more information, please contact [email protected]. THE U N V E R S T Y 0 F R E c o R D Fall 2001 The University of Chicago Law School Saul Levmore Dean and William B. Graham Professor of Law Jonathan S. Stern Associate Dean for External Affairs Editors Deborah Franczek, '71 2 Kyle Holtan Kathy Schichtel Senior Writer Gerald de Jaager Contributing Writers and Editors Richard Badger, '68; Douglas Baird; Ellen Cosgrove, '91; Nichole Crist; Roberta Dempsey; Diane Downs; Richard Epstein; Marsha Ferziger, '95; Kay Kersch Kirkpatrick; Abner Mikva, '51; Martha Nussbaum; Peter Schuler Class Correspondents Affable Alumni 38 6 Design and Production VisuaLingo Fran Gregory Chief Photographer Michelle Litvin Supporting Photographers Cheri Eisenberg Bruce Powell Publisher The University of Chicago Law School Office of External Affairs ibc 1111 East 60th Street Chicago, Illinois 60637 Telephone: 773-702-9486 Facsimile: 773-702-0356 Email: [email protected] Web site: www.law.uchicago.edu The University of Chicago Law School Record (lSSN 0529-097X) is published for alumni, faculty, and friends of the Law School. -
Global International Arbitration Update
Global International Arbitration Update The Appointing Authority Rules apply where the TABLE OF CONTENTS CIETAC Hong Kong Arbitration Center acts as • Firm Updates .................................................................. p. 1 appointing authority or provides arbitration-related services where: • Legal Updates ................................................................. p. 1 • Case Law Updates .......................................................... p. 7 • the parties have agreed to refer their disputes to • Mayer Brown Key Events ............................................ p. 14 arbitration under the UNCITRAL Arbitration Rules; • Mayer Brown Publications .......................................... p. 15 • the parties have agreed to refer their disputes to arbitration under other ad hoc arbitration rules; and/or Firm Updates • in other non-institutional arbitration cases MAYER BROWN TO OPEN TOKYO OFFICE IN 2018 prescribed by law or agreed by parties. Mayer Brown is pleased to announce that the firm The following functions are carried out by the CIETAC intends to open a new office in Tokyo, Japan, in the Hong Kong Arbitration Center, when acting as first half of 2018. The office will draw on Mayer appointing authority: Brown’s global platform to serve the firm’s growing • appointment of arbitrator, including decision on the client base in Japan. number of arbitrators to be appointed; Mayer Brown’s Tokyo-based team will be fully • decision on challenges to arbitrators; integrated with the firm across the globe, further • determination of arbitrators’ fees and his/her Terms improving on the firm’s ability to provide world-class of Appointment; client service and providing a new route for clients to draw on the firm’s established capabilities, • undertaking of financial management of arbitrations; particularly in project finance, M&A transactions and • provision of oral hearing services; international arbitration. -
The New Yorker
A NNALS OF LAW THE COLLAPSE How a top legalfirm destroyed itse(f BY JAMES B. STEWART n an April morning in Manhattan A group of Dewey & LeBoeuf LLP part in his briefcase, and walked to the eleva last year, Steven Davis, the former ners has asked the New York district attor tor. He never returned. O ney to bring c(iminal charges against the chairman ofthe law firm ofD ewey & Le chairman of the totrering firm, which could A month later, on May 28, 2012, Boeuf, reached for his ringing cell phone. dose its doors as early as next week, a source Dewey & LeBoeuf.filed for bankruptcy. He was sitting in the back seat of a taxi, familiar with the matter said Thursday. The Times called it the largest law-firm The source told Law360 that an un on the way downtown to renew his pass disclosed number of partners from Dewey collapse in United States history. The port. Dewey & LeBoeuf, which was often asked the New York County district attorney firm embodied a business strategy that referred to in the press as a global "super to charge the chairman, Steven H. Davis, has begun to supplant the traditional part with embezzlement, wire fraud, mail fraud finn," was largely his creation. In 2007, he and other criminal activity. nership values of loyalty and collegiality had engineered the merger ofa profitable with an insistence upon expansion: by but staid midsized specialty firm- Le Davis immediately returned to his merging with another firm (and a Boeuf, Lamb, Greene &MacRae-with office, on the forty-third floor of a sky different culture) or by offering unwieldy a less profitable but much better- known scraper on Sixth Avenue near Fifty-sec financial packages to lure partners from firm, Dewey Ballantine. -
CLIENTS: PARTIAL LIST 115-87 Owners Corporation '21' Club Inc
CLIENTS: PARTIAL LIST 115-87 Owners Corporation '21' Club Inc. Aby Kalimian Akin Gump Strauss Hauer & Feld LLP Alan Fox, Esq. Alfa Development Management, LLC Alice Alexiou Alliance for Downtown New York Alston & Bird, LLP Alterman & Boop, LLP American Broadcasting Companies, Inc. American Telephone & Telegraph Co. Amerimar Enterprises, Inc. Arent Fox Kintner Plotkin & Kahn, PLLC Arlen Realty & Development Corporation Arnold S. Penner Asher Dann Association of the Bar of New York Atco Properties & Management, Inc. Atlan Management Corporation Bachner, Tally, Polevoy & Misher Backenroth, Frankel & Krinsky, LLP Balber Pickard Battisoni Baldwin & Haspel, LLC Bally Total Fitness Banif Mortgage Barnard Charles Real Estate Bernard Spitzer, P.E. Bass Real Estate Battery Park City Authority Battle Fowler Beatie and Osborn LLP Becker Ross Stone DeStefano & Klein Ben Heller Blank Rome LLP BLDG Management Company, Inc. Blesso Properties Bonjour Capital Boston Properties Boulanger, Hicks & Churchill Boys Town Jerusalem Fndtn America, Inc. Brack Capital Real Estate-USA Brandt, Steinberg & Lewis LLP Bridge Business & Property Brokers, Inc. Brill & Meisel Brown & Wood Brown, Raysman & Millstein Bryan Cave, LLP Buckingham Hotel CLIENTS: PARTIAL LIST (CONTINUED) Buckingham Real Estate C. Lawrence Paine, LLC C.H. Martin Calvary Baptist Church Cambridge Systematics, Inc. Carol Management Company Carter, Ledyard & Milburn LLP CBS, Inc. Center for Jewish History Chatwal Hotels & Restaurants, Inc. Children’s Aid Society Children's Oncology Society of New York CIGNA Real Estate Investors Citi Urban Management Corporation City Center Real Estate, Inc. City of New Rochelle Clarendon Management Corporation Club Quarters Coach, Inc. Coalition for the Homeless Cohen Brothers Realty Corporation Cohen Hennessey Bienstock & Rabin P.C. Cohen Tauber Spievack & Wagner, P.C. -
The Jewish Law Firm: Past and Present
University of Denver Digital Commons @ DU Sturm College of Law: Faculty Scholarship University of Denver Sturm College of Law 2014 The Jewish Law Firm: Past and Present Eli Wald Follow this and additional works at: https://digitalcommons.du.edu/law_facpub Part of the Organizations Law Commons Recommended Citation HLS Center on the Legal Profession Research Paper No. 2015-9 This Paper is brought to you for free and open access by the University of Denver Sturm College of Law at Digital Commons @ DU. It has been accepted for inclusion in Sturm College of Law: Faculty Scholarship by an authorized administrator of Digital Commons @ DU. For more information, please contact [email protected],dig- [email protected]. The Jewish Law Firm: Past and Present Publication Statement Copyright held by the author. User is responsible for all copyright compliance. This paper is available at Digital Commons @ DU: https://digitalcommons.du.edu/law_facpub/28 THE JEWISH LAW FIRM: PAST AND PRESENT Eli Wald1 I. Introduction The rise and growth of large Jewish law firms in New York City during the second half of the twentieth century is nothing short of an astounding success story. 2 As late as 1950, there was not a single large Jewish law firm in town. By the mid-1960s, six of the largest twenty law firms were Jewish, and by 1980, four of the largest ten law firms were Jewish firms.3 Moreover, the accomplishment of these Jewish firms is especially striking because, while the traditional large White Anglo-Saxon Protestant (“WASP”) law firms also grew at a fast rate during this period, the Jewish firms grew twice as fast, and they did so in spite of explicit discrimination. -
Global Employment & Benefits
Practice Overview Global Employment & Benefits Contents Our Global Practice 1 Our Global Experience 2 Our Reputation 5 Global Case Studies 7 Value-Added Services 9 About Mayer Brown 11 Key Contacts 13 ” Well established full-service firm with an extensive international reach and an impressive roster of corporate clients. Chambers Global 2018 ” Our Global Practice Our Global Practice Comprising approximately 100 lawyers, Mayer Brown’s global Employment & Benefits group offers sophisticated solutions to the full range of contentious and non-contentious employment and benefits issues facing our clients. Our clients are among the largest businesses in the world, with members of the Fortune 500, FTSE 100, DAX and Hang Seng frequently seeking our counsel on employment law and benefits strategies across a myriad of regulatory environments. We are therefore accustomed to advising international clients on the impact of worldwide employment and benefits laws and regulations. Operating in the world’s principal financial centers across the Americas, Asia, Europe and the Middle East, and with a carefully nurtured “best-in-class” network of internationally experienced law firms, we are perfectly positioned to offer legal counsel and representation on global employment and benefits matters. We are also one of the most active international law firms in Latin America, including through our association with Brazilian law firm Tauil & Chequer Advogados. Mayer Brown Offices London 9 1 Chicago 19 Düsseldorf 11 1 11 New York Brussels Beijing San Francisco -
Shanghai Free Trade Zone Further Relaxes Foreign Investment Restrictions on First Anniversary
Legal Update Corporate & Securities International Trade Asia 6 November 2014 Shanghai Free Trade Zone Further Relaxes Foreign Investment Restrictions on First Anniversary Shanghai FTZ Celebrates First According to the Decision, restrictions on foreign Anniversary investment in certain sectors are further relaxed in Shanghai FTZ, in terms of foreign equity ratio, Since its official launch in 2013, the China (Shanghai) qualification requirements and limitations on Pilot Free Trade Zone (“Shanghai FTZ”) has recently business scope. We set out below some highlights. celebrated its first anniversary. Over the past year, Please refer to the end of this article for a full list of various policies relating to foreign investment have the restrictions removed under the 27 sectors. been promulgated in the 29 square kilometre Shanghai Free Trade Zone in the outskirts of MANUFACTURING SECTOR Shanghai, which has generally been viewed as an important testing ground for the country’s The Decision allows 100% foreign ownership in the policymakers. These policies include a “negative list” manufacture of certain types of equipment and approach on company establishment, the reform on machinery (which is only permitted for joint ventures RMB liberalisation and the opening up of several outside the zone), for example: industrial sectors to foreign investment (such as • R&D, design and manufacture of passenger finance, telecommunication and shipping, etc). service facilities, track and bridge equipment for Notwithstanding the above, the implementation of high-speed rail, passenger rail lines and intercity most of the reforms in the zone is slower than what railway; equipment manufacturing for electric has been expected. While setting up a presence in railway and railway passenger sewage facilities. -
Law Firms and Associate Careers: Tournament Theory Versus the Production-Imperative Model
Law Firms and Associate Careers: Tournament Theory Versus the Production-Imperative Model Kevin A. Kordana Pray look better, Sir, quoth Sancho; those things yonder are no Giants, but Wind-mills .... The career of an associate in a large law firm has been portrayed in stark Darwinian terms: Only the fittest survive the "tournament" that is established by the firm's partners. Such is the tale told by Marc Galanter and Thomas Palay in Tournament of Lawyers: The Transformation of the Big Law Firm. This "tournament theory" explanation for the structure of large law firms has been widely adopted, and has received surprisingly little criticism.' 1. MIGUEL DE CERVANTES, DON QUIXOTE DE LA MANCHA 44 (Peter Motteux trans.. revised by John Ozell, 1950) (1605). The Spanish text reads: Mire vuestra merced--respondi6 Sancho-quc aquellos que allf se parecen no son gigantes, sino molinos de viento.. .- I MIGUEL DE CERVANTES. DON QUUOTE DE LA MANCHA 198-99 (Angel Basanta ed., 1985) (1605). 2. MARC GALANTER & THOMAS PALAY, TOURNAMENT OF LAWYERS: THE TRANSFORMAliON OF "IE BIG LAW FIRM (1991) [hereinafter GALANTER & PALAY, TOURNAMIENT]; see also Marc Galanter & Thomas M. Palay, Why the Big Get Bigger: The Promotion-to-PartnerTournament and the Growth of Large Law Firms, 76 VA. L. REV. 747 (1990) [hereinafter Galanter & Palay. Big Get Bigger). Compare GAI.ANTER' & PALAY, TOURNAMENT, supra, at 100 ("IThe firm holds a tournament in which all the associates in a particular 'entering class' compete and the firm awards the prize of partnership to the top ct percent of the contestants.") with CHARLES DARWIN, ON THE ORIGIN OF SPECIES 170 (facsimile of Istd. -
Lawyer Demographics Mayer Brown
Mayer Brown LLP (www.mayerbrown.com) Basic Information Compensation & Benefits 350 S. Grand Avenue Recruiting Contact: 2014 compensation for entry-level lawyers ($/year) 160,000 25th Floor Ms. Monica Tsui Summer Compensation Los Angeles, CA Attorney Development and Recruitment 2014 compensation for Post-3Ls ($/week) 3,077 90071 Manager 2014 compensation for 2Ls ($/week) 3,077 Organization Size: 350 South Grand Avenue 1450 25th Floor 2014 compensation for 1Ls($/week) 3,077 Office Size: 38 Los Angeles, California (CA) 90071 Hiring Attorney: United States Partnership & Advancement Mr. Michael Kerr Phone: 213-621-9470 [email protected] Does the firm have two or more tiers of partner? Yes How many years is the non-equity track? 7.5 How many years is the equity track? 8.5+ Lawyer Demographics Partner/Member Associates Counsel Non-traditional Track/Staff Summer Associates Attorneys Men 14 9 4 0 1 Women 2 6 1 0 1 Total 16 15 5 0 2 Latinx Men 2 0 0 0 0 Women 1 1 1 0 0 White Men 11 7 3 0 1 Women 1 4 0 0 1 Black or African American Men 0 0 0 0 0 Women 0 0 0 0 0 Native Hawaiian or Other Pacific Men 0 0 0 0 0 Islander Women 0 0 0 0 0 Asian Men 0 1 1 0 0 Women 0 1 0 0 0 Native American or Alaska Native Men 0 0 0 0 0 Women 0 0 0 0 0 2 or More Races Men 1 1 0 0 0 Women 0 0 0 0 0 Persons with Disabilities Men 0 0 0 0 0 Women 0 0 0 0 0 LGBTQ Men 0 0 1 0 0 Women 0 0 0 0 0 For more details, visit www.nalpdirectory.com NALP Copyright 2021 Mayer Brown LLP (www.mayerbrown.com) Pro Bono/Public Interest Marc R. -
Managing Through Law Firm Crisis
LEADING IN THE FACE OF LAW FIRM CRISIS An Experiential Guidebook For Our Times The COVID-19 pandemic has had an enormous impact on businesses world-wide. Law firms have been no exception. A relative handful of firms are enjoying an increase in demand for their services. For these firms, primary challenges relate to maintaining a safe work environment whether through working from home or modifying personal interaction at the office. For many firms, however, the business disruption includes a decline in work (and corresponding revenue) to an unknown degree for an unknown duration. Many of those firms find themselves in crisis. The following case studies, analysis, observations are offered as historical perspective on the role of leadership in the midst of crisis. In particular, we’ve zeroed in on the challenges related to maintaining stability and liquidity that many law firm leaders now find themselves waking to each day. 2 of 41 WHAT HAPPENED? EXPLORING THE WAKE OF MAN-MADE DISASTERS It seems that scarcely a month passes without news of immeasurable catastrophe in the wake of natural disaster. Tornadoes, hurricanes, earthquakes, and tsunamis can, in the blink of an eye, alter life in unimaginable ways. Aware of the potential consequences, we tend to keep a watchful eye for any early warning signs of such events. And then there are those disasters that are of our own making. Oil spills, breached levees, and economic shell games can pack an equally heavy punch. The tragedy, of course, is that these disasters bear our fingerprints and are to some degree avoidable.