Top Story
Orrick Herrington, McDermott Will and others beef up staff attorney positions
Orrick Herrington dumped lockstep associate promotion on Wednesday and began assigning associates to one of three tiers within its partner track. The Orrick move comes as all BigLaw firms face immense client pressure to control costs.
This has also led Orrick and other firms to add significant numbers of staff attorneys to do more routine work [...]
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About The Posse List Blog
This site is a place for Posse List members to learn about and discuss current issues and trends in the contract legal market. Your comments and feedback will drive this site. We look forward to engaging in a positive dialogue with Posse List members around the world.
We encourage you to contact us with your questions, comments, or suggestions at manager@theposselist.com.
Jobs Related
Merck & Co. agreed to buy rival U.S. drugmaker Schering-Plough Corp. for $41.1 billion in cash and stock to get ...
As reported by the Bloomberg and the HuffingtonPost websites last night, the FDIC may manage the so-called "bad bank" that the Obama administration is ...
As reported extensively in the media and the countless press releases by federal contracting companies, the Obama administration's anticipated stimulus ...
From: Bloomberg, December 22, 2008 Chip companies are turning to armies of patent lawyers to bolster revenue amid the worst market for ...
The U.S. Treasury Department today announced that Thacher, Proffitt & Wood, LLP will assist the Department with its investments in ...
FDIC is going to hire 500 new staff. Most slots will be bank examiner jobs. But those jobs pay quite ...
Finding US Government and/or NGO Jobs
Through the efforts of several Posse members, supplemented by the work of the staff at the Posse List, we have ...
We spoke to our Treasury contacts over the weekend. If you would like to know about all employment opportunities within ...
As the media has reported, Clifford Chance has laid off 20 litigators in the mortgage-back securities practice (here) due to ...
Our contacts at Treasury indicated that the "staff up" has been on hold, although the FDIC and OTS are still ...
The bailout plan and contract attorney work … an update to our September 25th posting: Yesterday the administration announced that a ...
As has been reported in all the legal media web sites, the tsunami of filed and pending financial meltdown/subprime-related securities ...
Bankruptcy
Primer: Basic Issues in Chapter 11 Bankruptcy Cases
If you want to get up to speed on corportate bankruptcy-related issues, check out Basic Bankruptcy Issues: A Primer for In-House Counsel, which was written by Carmen Lonstein, Esq. of Baker & McKenize. This primer is intended to provide guidance on basic business bankruptcy issues to in-house counsel with a limited background in bankruptcy matters and is [...]
Financial actors such as hedge funds increasingly influence large Chapter 11 cases, such as Chrysler’s and GM’s.
With Chrysler LLC’s sale to Fiat SpA past the U.S. Supreme Court, and with General Motors Corp. commencing its own “surgical” bankruptcy on the Chrysler model, it may be tempting to think that we’ve turned a corner: Tentative deals [...]
Like their U.S. counterparts, insolvency and restructuring lawyers at Canada’s largest firms have been working around the clock since the winter to keep up with the avalanche of major bankruptcy filings to hit Canadian courts. At least a dozen large Canadian bankruptcies have been filed so far this year under the Companies’ Creditors Arrangement Act [...]
Working in Europe
Brussels: lawyer-linguist positionsWe have received a large number of questions about foreign language jobs in Europe, as well as other types of legal work in Europe, so we thought we’d start by providing some information about upcoming lawyer-linguist exams.
The following will not be appropriate to many of you because these positions require you be a citizen of an EU member state. [...]
Working in Europe: An Overview The following summarizes the replies we’ve made to various Posse members who have requested information on working in Europe. If you have more questions not answered here, feel free to mail us: manager@theposselist.com. We have two staff members who live in Europe and they handle these questions. Our affiliate company in Brussels staffs projects in [...]
The financial crisis: background, TARP jobs
A Reference Guide To The Financial Crisis Rescue EffortsPaul Weiss has published a reference guide to the principal regulatory programs and initiatives that have been announced to date. The guide summarizes the U.S. Treasury programs implemented under the Emergency Economic Stabilization Act of 2008, the administration’s Financial Stability Plan and other key programs implemented by the Federal Reserve and the Federal Deposit Insurance Corporation. [...]
Simpson Thacher Nails TARP contractAs we reported last November (click here), Simpson Thatcher was selected by the Treasury Department to advise the government on the $700 billion bailout plan. It’s fee was capped at $300,000.
Now the Legal Times Blog reports Simpson Thatcher (along with Venable) has received major, additional TARP contracts to manage bank transactions associated with the TARP. Full story, click [...]
Yesterday we posted a report provided us by our friends in Treasury about a large space on 18th and L Street. If you missed our story (short but the pic is cool) you can click here.
We are highly reluctant to pass on info until we get some sort of confirmation. That’s why we held back [...]
Contract Attorney Primers
Learning bankruptcy law for freelance and solo workMany Posse List members who want to go solo or freelance have asked us about bankruptcy practice. There are a good many of you who have worked on some of the major bankruptcy document reviews in the past few years (Federal-Mogul, United Airlines, Calpine, Enron, tec.) and will be well-prepared for the bankruptcy document reviews [...]
Social media: Facebook, MySpace, Twitter, Blogging, etc. …. the legal workplace transformedWhen Twitter gets a full-page analysis in the Financial Times, well … we guess Twitter has truly ”arrived”. As the Financial Times says, there is more to this new internet fashion than meets the eye: “For in its deceptively simple way, Twitter has stumbled on a formula that a whole generation of recent web start-ups has been [...]
How to Ride the Federal Hiring Wave: finding Federal Government jobsThere is one — and only one — nationwide employer that will continue to annually fill hundreds of thousands of high-paying, secure, dynamic jobs no matter how bad the economy may get. Who is this employer? The federal government, which will annually hire more than 200,000 new employees throughout the U.S. — including tens
of thousands [...]


