Loyola Lawyer Law School Publications

Total Page:16

File Type:pdf, Size:1020Kb

Loyola Lawyer Law School Publications Loyola Lawyer Law School Publications 1-1-1990 Loyola Lawyer Loyola Law School - Los Angeles Follow this and additional works at: https://digitalcommons.lmu.edu/loyola_lawyer Repository Citation Loyola Law School - Los Angeles, "Loyola Lawyer" (1990). Loyola Lawyer. 23. https://digitalcommons.lmu.edu/loyola_lawyer/23 This Magazine is brought to you for free and open access by the Law School Publications at Digital Commons @ Loyola Marymount University and Loyola Law School. It has been accepted for inclusion in Loyola Lawyer by an authorized administrator of Digital Commons@Loyola Marymount University and Loyola Law School. For more information, please contact [email protected]. The Job Market: WHAT MAKES LOYOLA UNIQUE Look Who's II good law schools possess certain basic similarities. Interviewing at Each tries to assure excel- lence in its faculty, student body, Loyola Law School alumni and curriculum and facilities. There are, however. major char­ acteristics which distinguish Loyola from other good schools, and which, he following is j ust a brief in some obvious and some not-so­ sampling of some of the obvious ways, can make a great T prominent national and difference in the overall law school regional firms recruiting on-campus experience. Some of these charac­ at Loyola: teristics are outlined here; others are explored more fully elsewhere Adams, Duque & Hazeltine in this issue. Alschuler, Grossman & Pines Brobeck, Phleger & Harrison Faculty - Loyola's nationally Bryan, Cave, McPheeters & acclaimed faculty consists of 54 full­ McRoberts time professors drawn from diverse Buchalter, Nemer, Fields & geographic and experiential Younger backgrounds, but with the common California Attorney General denominator of excellence. Most of Coudert Brothers the major law schools in the country Donovan, Leisure, Newton & boast an outstanding graduate as a Irvine Loyola faculty member, many of Federal Election Commission whom have achieved national Fried, Frank, Harris, Shriver & recognition in their respective fields. Jacobson Eighteen outstanding women hold Gibson, Dunn & Crutcher full-time faculty appointments, Graham & James giving Loyola one of the highest Gray, cary, Ames & Frye number of female faculty members Haight, Brown & Bonesteel in the nation. Loyola is also making Hufstedler, Miller, Carlson & great progress in minority faculty Beardsley recruitment. Loyola's full-time ]ones, Day, Reavis & Pogue faculty includes four African Kaye, Scholer, Fierman, Hays & Americans and one Hispanic. Handler Stringent standards for scholarship Kelley, Drye & warren are required of faculty members, Kindel & Anderson who, prior to consideration for Kings County District Attorney of tenure, must also demonstrate New York excellence in the classroom. It Lawler, Felix & Hall should be noted t~at Loyola's faculty !.?yo/a's award-winning campus provides nattlral out-oFdoor gathering places )or students and faculty. Ullick, McHose & Charles places great importance on the legal Loeb & Loeb writing program and has mandated Los Angeles County District that legal writing classes be taught Attorney by members of the full-time faculty; Manatt, Phelps, Rothenberg & most other schools employ recent Phillips graduates, part- time faculty or even Mayer, Brown & Platt upper-division law students to teach McDermot, Will & Emery writing to first-year students. Milbank, Tweed, Hadley & McCloy Mitchell, Silberberg & Knupp Students - Loyola students have Morgan, Lewis & Beckius demonstrated academic excellence Morrison & Foerster and a high-level of ability as O'Melveny & Myers measured by the Law School Admis­ Orange County District Attorney sions Test, the mean for the entering Paul, Hastings, Janofsky & Walker class now being at the 85th percen­ Pepper, Hamilton & Scheetz tile nationally. Our students are Perkins & Core drawn from the finest undergraduate Pettit & Martin institutions in the United States and Pillsbury, Madison & Sutro from diverse cultural, religious and Rogers & Wells socio-economic backgrounds. Rutan & Tucker san Diego City Attorney Alumni - Many of Loyola's more Photo of artist's rendering of the building. santa Clara County District than 8,000 alumni have contributed Attorney significantly to the prestige of the Seltzer, Caplan, Wilkins Law School by their outstanding & McMahon professional achievements. Loyola is PRITZKER GOES TO GEHRY Shea & Gould well represented in all facets of the Shearman & Sterling practice of law. The Alumni Associ­ Sidley & Austin ation actively works with students in rank 0. Gehry, the architect and the Darling Library Pavilion, Skadden, Arps, Slate, Meagher a variety of ways, including raising responsible for the contem­ currently under construction. &Flom funds for scholarships and coordi­ F porary design of the Loyola Known by many as an "artist's Stroock & Stroock & Lavan nating with the Career Planning Law School campus, has recently architect," Gehry has designed Sullivan & Cromwell and Placement Center for the On­ added another accolade to his list of homes, shopping centers, museums. Troy casden Gould Campus Interviewing Program, honors - the most coveted Pritzker skyscrapers and restaurants in Los Tuttle & Taylor as well as assisting with actual Architecture Prize. Angeles, across the U.S., Asia and White & Case job placement The Pritzker, an international Europe. The uniqueness of his work award, is the most prestigious prize has been most recognized in more Wyman, Bautzer, Kuchel & Silbert in the field of architecture and recent years. and in the L.A. area Job Placement - The Pacific Rim recognizes the creative genius of his work includes renovation of the economic explosion has combined architects in the field. Hollywood Bowl, the California with the strong local economy in Gehry, who officially received the Aerospace Museum, the Temporary Continued on page 2 award in Japan, has also designed Contemporary at the Museum of • the newest building of the Law Contemporary Art, and, of course, School - the Casassa Building the Loyola Law School. • 2 LOYOLA LAWYER large (100 +/-student) major Bar­ can Bar Association in Cartagena, areas in which they teach. .•• FRO related required or recommended Colombia. The paper will be pub­ Not only do students benefit from class, a more advanced class (50+/­ lished by the Inter-American the continued involvement of faculty students) and a small class or University Law Review. members in issues at the cutting THE DEAN seminar. In any given year, approx­ Victor Gold teaches Trial Advo­ edge of the law, but many students imately half the faculty will teach cacy, Contracts, and Evidence. get to play a direct role in the either a skills class like Ethics, Victor has recently written Volume research and analytical processes Counseling and Negotiation or Trial 26 of West Publication Company's through their work as research or Appellate Practice, or a small Federal Practice and Procedure series assistants. Seminars and indepen­ first-year writing section. with Charles Alan Wright. This dent student research projects often Although such a schedule re­ volume is on the federal rules of evi­ grow out of faculty members' schol­ presents a substantial teaching dence. Victor is currently at work on arly endeavors. Finally, the contact commitment, faculty members do Volume 27 of the series. that faculty scholarship promotes have sufficient time when combined Bill Coskran, who teaches Property with the judiciary, with practitioners, with summer research and writing to and Commercial and Residential and with faculty colleagues at other produce scholarly articles and books. Leasing published an article entitled, law schools plays a very positive role Is it worthwhile? In my opinion, ab­ "Assignment and Sublease Restric­ in the career plans of our students. solutely - not only for the research tions," in 22 Loyola Los Angeles Law References and endorsements from result itself. but also for the richness Review 405, (1989). Bill serves as respected teacher-scholars carry a and depth a research-involved consultant for the California Law great deal of weight in the scholar can bring to .the classroom. Revision Commission on Proposed marketplace. There is no doubt that scholarship Revisions for Commercial Real And what of the benefits of sometimes has had a bad name Estate Leasing Legislation, and has consulting and practice? Certainly, among students and alumni. The made numerous presentations there is value when faculty members stereotypical image is of a detached, before the Commission and before become involved as consultants in often absent-minded individual who the Senate and Assembly Judiciary important and novel issues in their ne of the un-ending debates reluctantly takes time from research Committees. fields of interest. They are most likely that engages those in aca­ to deliver dry. uninspiring and often Chris May teaches Constitutional to have such opportunities when demia involves the issue of irrelevant lectures, who regards Law and Civil Procedures. The they are known as legal scholars professional activities outside of the students with stolid resignation Harvard University Press recently who have given thought to these classroom. Controversy inevitably as a necessary evil and class time as published his book, In the Name of matters and discussed them in the swirls around the issue of faculty something that must be endured. At War: judicial Review and the War forum of a law journal or some other scholarship. How much does it con­ worst, such professors are seen
Recommended publications
  • Mayor Michael R. Bloomberg and New York City Law Department Launch Innovative Corporate / Public Service Pro Bono Initiative
    NEW YORK CITY LAW DEPARTMENT OFFICE OF THE CORPORATION COUNSEL Press Release Michael A. Cardozo, Corporation Counsel Web: nyc.gov/html/law/home.html For Immediate Release MAYOR MICHAEL R. BLOOMBERG AND NEW YORK CITY LAW DEPARTMENT LAUNCH INNOVATIVE CORPORATE / PUBLIC SERVICE PRO BONO INITIATIVE MAYOR ACKNOWLEDGES PARTICIPATING FIRMS AND FIRMS THAT AIDED CORPORATION COUNSEL’S OFFICE AFTER SEPT. 11 WITH CITY HALL ENGAGEMENT Contact: Kate O’Brien Ahlers, Communications Director, (212) 788-0400, [email protected] New York, May 17, 2002 -- The New York City Law Department has joined with more than 30 leading law firms to form a unique public service initiative, the “Corporation Counsel Public Service Program,” that embraces Mayor Michael R. Bloomberg’s corporate/public service ideal while tackling the need for innovative solutions to the City’s budget crisis. The Mayor acknowledged firms participating in this program -- along with firms that aided the Corporation Counsel’s office after Sept. 11 -- with a City Hall engagement this morning. At the event, Chadbourne & Parke was honored for providing housing to over 100 City lawyers and staff for almost eight months, with Mayor Bloomberg proclaiming it “Chadbourne and Parke Day.” The Mayor also acknowledged several other law firms for the assistance they provided to the Corporation Counsel’s office after Sept. 11. Mayor Bloomberg’s engagement highlighted the two distinct elements of recent legal public service assistance offered to the New York City Law Department. The first initiative, the Corporation Counsel Public Service Program, is enabling New York City to better manage its mounting legal caseload while offering attorneys at major law firms a unique chance to participate in public service opportunities and bolster their legal and trial experience.
    [Show full text]
  • Beazley Brief Update Risk Management Insights for Law Firms from Beazley
    Beazley Brief Update Risk management insights for law firms from Beazley Finishing Some “Unfinished Business”— California And In the February 2012 and July 2012 issues of the Beazley Brief, we reported on how the “unfinished business” doctrine New York Courts Reject - based on the California Court of Appeals decision in Jewel v. Boxer (156 Cal. App. 3d 171 (1984) - had spawned a rash of “Unfinished Business” Claims suits by dissolving law firms against departing partners and their new firms for taking the old firm’s “unfinished business,” Involving Dissolved Law Firms or pending client matters, with them to their new firms. By Kevin S. Rosen, Christopher Chorba, and Peter Bach-y-Rita Fortunately, the tide has begun to turn against this troubling - Gibson Dunn & Crutcher LLP trend. Recent decisions by courts in California and New York have determined that dissolved law firms do not have a One of the most troubling trends in recent years has been the property interest in pending hourly unfinished business rise in trustee litigation following the dissolution of several matters. This Beazley Brief Update addresses these major international law firms. Bankruptcy trustees have significant rulings. brought claims to recover profits on “unfinished business” on behalf of defunct firms, asserting an entitlement to fees We are again pleased that Gibson Dunn & Crutcher partners earned on matters handled by new firms that hired partners of Kevin S. Rosen and Christopher Chorba and associate Peter the dissolved firm. In these cases, trustees and debtors of the Bach-y-Rita have graciously agreed to prepare this update. dissolved firms have sued both the former partners and their Kevin is in the firm’s Los Angeles office and chair of the firm’s new firms, relying on the California Court of Appeal decision Law Firm Defense Practice Group.
    [Show full text]
  • 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.
    [Show full text]
  • Coudert Brothers
    north america Coudert Brothers LOS ANGELES, NEW YORK, PALO ALTO, SAN FRANCISCO, WASHINGTON llp europe ATTORNEYS AT LAW ANTWERP, BERLIN, BRUSSELS, FRANKFURT, GHENT, LONDON, MILAN, MOSCOW, MUNICH, PARIS, 1114 AVENUE OF THE AMERICAS ROME, STOCKHOLM, NEW YORK, NY 10036-7703 ST. PETERSBURG TEL: (212) 626-4400 asia/pacific FAX: (212) 626-4120 ALMATY, BANGKOK, BEIJING, HONG KONG, JAKARTA, SINGAPORE, WWW.COUDERT.COM SYDNEY, TOKYO [email protected] associated offices BUDAPEST, MEXICO CITY, PRAGUE, SHANGHAI September 15, 2004 Jonathan A. Katz, Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549-0609 [email protected] Re: Registration Under the Advisers Act of Certain Hedge Fund Advisers -- Proposed Rule S7-30-04 Dear Mr. Katz: We represent a wide range of managers and sponsors of investment funds, including both investment companies registered under the Investment Company Act of 1940, as amended, and private investment funds operating under the exemption under either Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act, and including substantial numbers of investment advisers based both within and outside the United States. We also represent a number of insurance companies, pension funds and other sophisticated investors, both U.S. and non-U.S., that invest in private investment funds. As a general preliminary comment, we are very concerned that the additional administrative and compliance burdens and costs imposed upon private fund managers required to register under the proposed new rule will,
    [Show full text]
  • 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.
    [Show full text]
  • The Uncertain Future of the Unfinished Business Doctrine Dan
    The Uncertain Future of the Unfinished Business Doctrine 2015 Volume VII No. 26 The Uncertain Future of the Unfinished Business Doctrine Dan Teplin, J.D. Candidate 2015 Cite as: The Uncertain Future of the Unfinished Business Doctrine, 7 ST. JOHN’S BANKR. RESEARCH LIBR. NO. 26 (2015). Introduction It is no secret that the legal industry has experience financial difficulty following the great recession. Many law firms have been less profitable, and in some extreme circumstances, have filed for bankruptcy. The worlds largest law firms are of no exception to this recent phenomenon. The collapses of the mega-firms Dewey & LeBoeuf,1 Coudert Brothers LLP,2 Heller Ehrman LLP,3 Howrey LLP,4 Thacher Proffitt & Wood LLP,5 and Thelen LLP6 are prime examples. Since most law firms, especially large firms, do not reorganize in bankruptcy, a bankruptcy trustee will often be appointed to administer the firm’s estate. In order to maximize 1 The End of an Era: Why Dewey & LeBoeuf Went Under, FORTUNE (May 29, 2012) http://fortune.com/2012/05/29/the-end-of-an-era-why-dewey-leboeuf-went-under/. 2 Jones Day Prevails in Coudert Brothers “Unfinished Business” case in unanimous New York Court of Appeals Ruling, (July 2014) http://www.jonesday.com/jones-day-prevails-in-coudert-brothers-unfinished-business-case-in- unanimous-new-york-court-of-appeals-ruling/. 3 Recession Batters Law Firms, Triggering Layoffs, Closings, THE WALL STREET JOURNAL (Jan. 26, 2009) http://www.wsj.com/articles/SB123292954232713979. 4 Why Howrey Law Firm Could Not Hold It Together, THE WASHINGTON POST (Mar.
    [Show full text]
  • Law Firm Turnarounds
    Law Firm Turnarounds By William F. Brennan Dewey & LeBoeuf, the 20th largest law firm in the country Overly rich benefits provided to former partners via an according to the 2012 NLJ 250, has declared bankruptcy unfunded partner withdrawal entitlement; and is in the process of dissolving. According to the firm’s Compensation systems not perceived as equitable or management, in 2011 it had more than $900 million in pay levels significantly below market; revenues with average profits per equity partner of about $1.8 million. The Am Law Daily reported that those Loss of confidence in firm Leadership/Management; statistics were substantially overstated and had to be Inattention to client/practice concentrations; restated to $782 million in revenue and $1.04 million in average profits per equity partner, still impressive statistics Failure to react to market shifts; for a law firm. (Dewey says that the former numbers were Reliance on billing rate increases at twice the rate of and are accurate and are due to methodological inflation as primary means to increased profits. differences.) How could such a prominent law firm end up in such a mess? The occurrence of one of these problems, if corrected If Dewey’s situation is consistent with other law firm quickly, is unlikely to cause a law firm to fail, but the financial crises, it fell victim to a series of different issues simultaneous convergence of two or three, or an inability to that individually might have been manageable, but together adjust quickly, can spell doom for a law firm – a business proved to be insurmountable.
    [Show full text]
  • Lessons from Law Firm Bankruptcies and Proposals for Reform Edward S
    Santa Clara Law Review Volume 55 | Number 3 Article 1 10-7-2015 Lessons from Law Firm Bankruptcies and Proposals for Reform Edward S. Adams Follow this and additional works at: http://digitalcommons.law.scu.edu/lawreview Recommended Citation Edward S. Adams, Lessons from Law Firm Bankruptcies and Proposals for Reform, 55 Santa Clara L. Rev. 507 (2015). Available at: http://digitalcommons.law.scu.edu/lawreview/vol55/iss3/1 This Article is brought to you for free and open access by the Journals at Santa Clara Law Digital Commons. It has been accepted for inclusion in Santa Clara Law Review by an authorized administrator of Santa Clara Law Digital Commons. For more information, please contact [email protected]. LESSONS FROM LAW FIRM BANKRUPTCIES AND PROPOSALS FOR REFORM Edward S. Adams* TABLE OF CONTENTS Introduction .................................................................... 508 I.History of Law Firm Bankruptcies ............................. 510 A. Finley Kumble ................................................ 511 B. Coudert Brothers ............................................ 514 C. Thelen ............................................................. 517 D. Heller Ehrman ................................................ 519 E. Dewey & LeBoeuf ........................................... 521 1. The Rise and Fall of Dewey ...................... 522 2. Reasons for Dewey’s Bankruptcy ............. 528 II.Solutions to Law Firm Bankruptcies ......................... 530 A. Introduction ...................................................
    [Show full text]
  • Why Law Firms Collapse
    Why Law Firms Collapse John Morley1 Law firms don’t just go bankrupt—they collapse. Like Dewey & LeBoeuf, Heller Ehrman, and Bingham McCutchen, law firms often go from apparent health to liquidation in a matter of months or even days. Almost no large law firm has ever managed to reorganize its debts in bankruptcy and survive. This pattern is puzzling, because it has no parallel among ordinary businesses. Many businesses go through long periods of financial distress and many even file for bankruptcy. But almost none collapse with the extraordinary force and finality of law firms. Why? I argue that law firms are fragile because they are owned by their partners, rather than by investors. Partner ownership creates the conditions for a spiraling cycle of withdrawals that resembles a run on the bank. As the owners of the business, the partners of a law firm are the ones who suffer declines in profits and who have to disgorge their compensation in the event the firm becomes insolvent. So if one partner leaves and damages the firm, it is the remaining partners who bear the loss. Each partner’s departure thus has the potential to worsen conditions for those who remain, meaning that as each partner departs, the others become more likely to leave as well, eventually producing an accelerating race for the exists bank. This kind of spiraling withdrawal is sometimes thought to be an unavoidable consequence of financial distress. But if law firms were not owned by their partners, this would not happen. Indeed, the only large law firm in the history of the common law world that has ever survived a prolonged insolvency is also one of the only large law firms that has ever been owned by investors.
    [Show full text]
  • Globalization and the U.S. Market in Legal Services: Shifting Identities
    Maurer School of Law: Indiana University Digital Repository @ Maurer Law Articles by Maurer Faculty Faculty Scholarship 2000 Globalization and the U.S. Market in Legal Services: Shifting Identities Carole Silver Indiana University Maurer School of Law, [email protected] Follow this and additional works at: https://www.repository.law.indiana.edu/facpub Part of the Legal Profession Commons Recommended Citation Silver, Carole, "Globalization and the U.S. Market in Legal Services: Shifting Identities" (2000). Articles by Maurer Faculty. 409. https://www.repository.law.indiana.edu/facpub/409 This Article is brought to you for free and open access by the Faculty Scholarship at Digital Repository @ Maurer Law. It has been accepted for inclusion in Articles by Maurer Faculty by an authorized administrator of Digital Repository @ Maurer Law. For more information, please contact [email protected]. GLOBALIZATION AND THE U.S. MARKET IN LEGAL SERVICES-SHIFTING IDENTITIES CAROLE SILVER* I. INTRODUCTION The international activities of U.S. lawyers are increasingly important and multiplying as their law firms search for new ways to distinguish themselves from their competitors, and these activities have attracted the attention of the popular, business, and legal press. Law firm mergers spanning national borders are announced in the headlines of national newspapers,' and U.S. lawyers are characterized as "egging on" their European clients in their foreign hostile takeover activities.2 U.S. law firms also are branching out into foreign law specialties by hiring more foreign lawyers for their foreign offices.3 While once it was sufficient to be a national law firm, today's elite firms stress their internationalism.4 This article examines the interna- tional activities of U.S.
    [Show full text]
  • UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT of NEW YORK ------X : in Re: : : Chapter 11 COUDERT BROTHERS LLP, : : Case No
    UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X : In re: : : Chapter 11 COUDERT BROTHERS LLP, : : Case No. 06-12226 (RDD) Debtor. : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X : DEVELOPMENT SPECIALISTS, INC., : Adv. Pro. No. 08-01467 (RDD) in its capacity as Plan Administrator for : Coudert Brothers LLP, : : Plaintiff, : : v. : : JAMES B. VARANESE, : : : Defendant. : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -X HONORABLE ROBERT D. DRAIN UNITED STATES BANKRUPTCY JUDGE: PROPOSED FINDINGS OF FACT AND CONCLUSIONS OF LAW The Bankruptcy Court of the Southern District of New York hereby files these proposed findings of fact and conclusions of law for review by the District Court of the Southern District of New York pursuant to 28 U.S.C. § 157(c)(1), Federal Rule of Bankruptcy Procedure 9033, and Local Bankruptcy Rule 9033-1, for entry of a final order confirming an arbitration award pursuant to 9 U.S.C. § 9 and entry of a default judgment pursuant to Rule 55 of the Federal Rules of Civil Procedure made applicable hereto by Bankruptcy Rule 7055 and Local Rule 7055-2. PROPOSED FINDINGS OF FACT I. Parties Plaintiff Development Specialists, Inc., in its capacity as Plan Administrator of Coudert Brothers, LLP (the “Plan Administrator”), has moved this Court to confirm an arbitration award pursuant to 9 U.S.C. § 9 in the above-captioned adversary proceeding. Coudert Brothers, LLP (“Coudert” or the “Debtor”) was an international law firm headquartered in New York and organized as a New York limited liability partnership as of October 1, 2001. Defendant James B. Varanese (“Varanese”) was a partner in the Debtor (Declaration of John G. McCarthy, dated September 30, 2016, ¶¶2, 3).
    [Show full text]
  • Crunch and Prospects for 2014 a US Law
    Lessons Learned From the Credit Crunch and Prospects for 2014 - A U.S. Law Firm Perspective Københavns Advokatforening App,ril 29, 2014 Uri Doron, Jenner & Block Uri Doron, Partner 2 Who am I? Why am I here? • M&A Partner at Jenner & Block’s New York Office • My practice focuses on representing Scandinavian clients in the U. S. • I have been “fortunate” enough to experience some of the market trends personally 3 IifihlldbI was an associate at a firm that collapsed because its partners became too greedy 4 I was a partner at a firm that tried the strategy of “Global Domination” by merging with several firms and open ing 28 o ffices aroun d the wor ld 5 AdAnd now I am a partner at a USlU.S. law firm t hat is trying to distinguish itself not by the numbers, but by its excellence and quality (quite a unique approach nowadays…) 6 What I am Trying to Avoid… 7 What I Will Start With… 8 Several Firms Have Collapsed • There have been several collapses of large US firms in the past decade: – Brobeck, Phleger, & Harrison (2003) – Coudert Brothers LLP (2006) – Jenkens & Gilchrist (2007) – Thelen LLP (2008) – Heller Ehrman LLP (2008) – Dreier LLP (2008) – Howrey LLP (2011) – Dewey & LeBoeuf LLP (2012) 9 The Lessons Learned from the Collapse of Dewey & LeBoeuf 10 Why Should We Focus on the Dewey Story? • The most “spectacular” law firm failure in the U.S. (and there were several) • The mistakes are indicative of the changes in the U. S. legal industry and many U.
    [Show full text]