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22 Dec 2008, 4:47 pm
(For the uninitiated: Dreier LLP's sole equity partner, Marc Dreier, is being held on charges that he tried to scam clients out of nearly $400 million over the last two years.) [read post]
22 Dec 2008, 12:07 pm
Hillcrest Hospice ALNEWS Auburn's choice of White football coach sparks race discrimination debate Sex discrim scandal leads to Blount County Sheriff resignation; EEOC charge/civil suit pending AZ NEWS Independent investigation says no gender discrim/retal at Tempe water plant; more here; read the investigation report hereCA DECIDED [12-3] Jury tells Costco to pay $420K to gay ee for HWE/retal; $350K atty fees on deck [12-11] St Ct App: $1 in atty fees awarded against fired employee for… [read post]
20 Dec 2008, 12:57 am
Multibillion-dollar private equity deals? [read post]
19 Dec 2008, 4:49 pm
I thought the WSJ was just being sloppy in referring to Dreier as the firm's "owner," but apparently he was the only equity partner of the LLP, perhaps another red flag? [read post]
19 Dec 2008, 12:41 pm
Moreover, there has never been a better time for companies to hire attorneys - legal positions are scarce, law firms are shedding associates and non-equity partners, bonuses are down and salaries are flat. [read post]
18 Dec 2008, 10:53 pm
In the suit, filed in Quebec Superior Court, BCE argues that the buyers (a group that, in addition to the teachers' pension plan, includes Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity) backed out of the deal prematurely, ahead of the final deadline of 11:59 p.m. on Dec. 11. [read post]
18 Dec 2008, 4:53 pm
The Am Law Daily and the New York Law Journal took a look at the list of Dreier LLP's creditors to see who's owed money and get a sense of how Marc Dreier, the firm's sole equity partner, handled bills. [read post]
17 Dec 2008, 7:54 pm
A federal judge appointed Pomerantz as receiver for Dreier LLP, the New York-based law firm that filed for bankruptcy Tuesday, two weeks after the stunning arrest of sole equity partner Marc Dreier. [read post]
17 Dec 2008, 7:29 pm
Minneapolis-based Dorsey had gross revenues of $367 million and profits per equity partner of $670,000 in 2007, while Houston-based V&E had $596 million and PPP of $1.2 million. [read post]
17 Dec 2008, 4:13 am
The firm’s press release (here) states that Brighton was "one of the many feeder funds that directed investor capital" to Madoff and his firm. [read post]
16 Dec 2008, 8:13 pm
The firm’s press release (here) states that Brighton was "one of the many feeder funds that directed investor capital" to Madoff and his firm. [read post]
16 Dec 2008, 3:56 pm
. _____________________________________________ Put this one in your “not all that surprising” category, Loyal Law Blog Readers: Dreier LLP, the firm sunk by the recent revelation that its sole equity partner allegedly perpetrated massive fraud, will seek bankruptcy protection. [read post]
16 Dec 2008, 6:24 am
  In the last few years, law firms have expanded the use of two types of leverage:   (1) bank financing, often for working capital, and (2) salaried lawyers, in the form of contract attorneys, staff attorneys, associates, of counsel, and income partners, who each generate profits for the equity partners. [read post]
15 Dec 2008, 6:32 pm
Milberg partners Sanford Dumain and Matthew Gluck also will work on the matter. [read post]
15 Dec 2008, 2:45 pm
Huntsman had Vinson & Elkins partners David Harvin and Harry Reasoner. [read post]
15 Dec 2008, 2:00 pm
We can hardly wait for the lead plaintiff battle that's sure to come in this one. [read post]
15 Dec 2008, 11:48 am
One might be hard-pressed to find it in this economy, unless of course you're a bankruptcy lawyer. [read post]
15 Dec 2008, 8:07 am
Skadden Arps ranked first in the Am Law 100 with gross revenues of $2.17 billion and profits per equity partner of $2.28 million. [read post]
14 Dec 2008, 8:41 pm
Everyone has discussed that he is the sole equity partner holder.But what of the non-equity partners? [read post]