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Lehman Bankruptcy Nets
Record Fees for Lawyers

Apr 15, 2009 8:47 PM CDT

Lehman Bankruptcy Nets Record Fees for Lawyers

(Newser) - Lehman Brothers' bankruptcy filing is a gold mine for lawyers. One New York firm asked a bankruptcy judge this week to authorize a $55 million payment—the largest quarterly fee ever for a bankruptcy case, the Wall Street Journal reports. When all is said and done, this firm alone—Weil,...

NYC Firm Pays Lawyers for Not Going to Work

Apr 13, 2009 8:34 AM CDT

NYC Firm Pays Lawyers for Not Going to Work

Cost-cutting measure gives employees $80K for taking a year off

(Newser) - Amid nationwide layoffs and salary freezes, how could a New York law firm justify paying some of its employees $80,000 to stay away from the office? It makes more sense when you know that the lawyers usually make three times that: The partners have found a way to cut...

All Those Years
We Were Racing
to Nowhere

OPINION

Apr 9, 2009 11:00 AM CDT

All Those Years We Were Racing to Nowhere

Investors Wasted 12 Years

(Newser) - For years, denizens of Wall Street have been living a frantic existence, sleeping, eating and otherwise living at the office, “because whatever it is that had to happen had to happen immediately, or yesterday,” writes Elizabeth Wurtzel in the Wall Street Journal. And what did this feverish “...

Economy Sees
Law Firms
Defer New Hires

Mar 26, 2009 4:02 PM CDT

Economy Sees Law Firms Defer New Hires

(Newser) - The sluggish economy has more law firms deferring offers of positions to graduating law students, Time reports. The idle young lawyers join more than 3,000 attorneys who have lost jobs since January 2008; the industry is expected to earn up to 10% less this year than last. One upside:...

Jade's Funeral Date Set

GOSSIP ROUNDUP

Mar 24, 2009 10:28 AM CDT

Jade's Funeral Date Set

Plus, Rihanna house hunts, and more

(Newser) - The funeral for Jade Goody, the British reality star who died of cervical cancer, will be held April 4, the BBC reports. A funeral procession will go from her house to a nearby church. Elsewhere:

Rihanna was spotted house-hunting yesterday in the Hollywood Hills, the Sun reports.
Struggling-for-cash Lindsay Lohan

...

Chrysler Hires Bankruptcy Firm

Dec 5, 2008 3:00 PM CST

Chrysler Hires Bankruptcy Firm

Privately owned automaker preparing for Chapter 11 should feds not help out

(Newser) - Chrysler has contracted a law firm to help it prepare for bankruptcy, the Wall Street Journal reports. The hiring of Jones Day suggests the automaker faces immediate failure if Congress decides to deny financial assistance to Detroit automakers. Jones Day has experience in automotive matters and has represented the United...

Law Firm Escapes Criminal Charges in $75M Deal

Jun 17, 2008 7:41 AM CDT

Law Firm Escapes Criminal Charges in $75M Deal

Milberg will pay $75M, admit wrongdoing

(Newser) - Ducking criminal charges, law firm Milberg LLP will pay the government $75 million and admit wrongdoing in a settlement following a 2-year-old indictment, the Wall Street Journal reports. The firm, which deals with shareholders' class-action lawsuits, acknowledges it paid kickbacks to attract clients between 1979 and 2005, enabling the firm...