From: The Wall Street Journal, November 24, 2008 Here’s a question: After a big class-action settlement, how much should a plaintiffs’ firm be allowed to recover for its use of temporary lawyers? As much as $100 per hour? $200 per hour? More?  The issue recently came up in a class-action settlement involving a $750 million [...]

November 22, 2008  Purchasing software for electronic discovery is not easy. No, we don’t expect contract attorneys to be buying.  But we thought it would be of interest to you anyway, especially to all the law firms and e-discovery companies on the Posse List.  Here is a little advice about how to get started, factors [...]

November 19, 2008 For the 500+ Posse List members who worked on these transactions: InBev completed its $52bn purchase of Anheuser-Busch on Tuesday, making it the world’s largest brewer and marking a rare victory for jittery dealmakers and investors as other proposed merger transactions continue to fall apart.  BHP Billiton will outline in the next [...]

From: New Jersey Law Journal, November 17, 2008 By producing an electronic document in discovery, you may breach the attorney-client privilege, according to an ethics opinion regarding metadata issued by the District of Columbia Bar. That opinion is one of a handful of ethics opinions regarding metadata that have been decided nationwide… Click here to [...]

From: The American Lawyer, November 11, 2008 Circuit City, among the nation’s largest retailers with more than 700 stores in the U.S., hired Skadden, Arps, Slate, Meagher & Flom last month in hopes of finding some way to avoid a bankruptcy filing. While Skadden helped Circuit City secure a $1.3 billion line of credit recently, [...]

From: NYT DealBook, November 11, 2008 While history might indicate that antitrust hurdles may higher under a Democratic president, this is unlikely to be the case in Barack Obama’s presidency, Andrew Ross Sorkin argues in his latest DealBook column, quoting David Boies, the superlawyer and Democrat whom the government asked to take on Microsoft. The [...]

SIFMA (the Securities Industry and Financial Markets Association) had its “SIFMA Summit” in NYC today on the Troubled Asset Relief Program (TARP).  One of the presenters was Neel Kashkari, Interim Assistant Secretary of the Treasury for Financial Stability.  The one-day program will provide an in-depth discussion and analysis of TARP’s expected effect and discussions on [...]

From: National Law Journal, November 6, 2008 The U.S. Treasury Department has tapped Hughes Hubbard & Reed and Squire Sanders & Dempsey to help execute the $700 billion bailout package that Congress passed in October. The two firms were each awarded contracts worth up to about $5.5 million. The department said it asked five law [...]

We are going to add a section/link to the blog to cover pro bono work/not-for-profit/alternative legal services.  We’ll have a special drop-down menu to promote such work across the country with state-by-state listings.  If you have suggestions for any organizations/listings, please send us a web site link and/or background information.   From: New Jersey Law Journal, [...]

There are scores of Posse List members across the country who have joined the pro bono effort for voter protection and we salute you.  The following is from today’s Legal Times:  From: Legal Times, November 4, 2008  Funded mainly through law firms’ pro bono support, more than 100 local, state and national organizations have banded together [...]