Posts Tagged ‘ contract attorneys ’

The contract attorney overtime case against Skadden, Arps / Tower Legal has a new twist

Feb 12th, 2014 | By | Category: Top Story

Ben Hur (2)

 

 

12 February 2014 – A big hat tip to Posse List member Matthew Green who has been following the Skadden/Tower Legal overtime suit. Matthew popped us a note and said:

A very interesting twist in the overtime case filed against Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates and Tower Legal Solutions. The named lead plaintiff contract attorney applied to Tower Legal for a new gig, prompting the staffing firm’s lawyers to allege that his description of his duties on the project at issue is inconsistent with his claim that he did not have the responsibilities of a lawyer. But the judge appears impatient with efforts by Read the rest



Blind ads on Craigs List : should you send in your resume?

Oct 25th, 2013 | By | Category: Changing Legal Landscape, Contract Attorney Market: Trends, Top Story

 

 

25 October 2013 - In the past two weeks we have been swamped by Posse List members who have asked “should I submit my resume to a Craigs List ad when the employer is unknown?”

We have been emailing members individually so we thought at this point we’d send our thoughts to the list.

Obviously The Posse List is not the only entity posting contract jobs. We have 227 staffing agencies, law firms, corporations, government entities and NGOs posting jobs with us. And many times they also post the same job on Craigs List, Indeed.com, LinkedIn, Yahoo Jobs, etc., etc.

And there are a lot of agencies who … Read the rest



Is a blended document review rate of $466 per hour … um … excessive?

Sep 23rd, 2013 | By | Category: Contract Attorney Market: Trends, Top Story

 

23 September 2013 - We have done a fair amount of reporting on the In re Citigroup Inc. Securities Litigation, a shareholder lawsuit against Citigroup which involved a lot of guns and fire over contract attorneys, a move by a shareholder to challenging the firm’s fees as excessive.

Kirby McInerney, a New York-based plaintiffs’ firm, represented shareholders who in 2007 brought a class action in Manhattan federal court accusing Citigroup of hiding tens of billions of dollars in toxic mortgage assets. Citigroup agreed last year to settle the lawsuit for $590 million.

The agreement resolved claims for massive losses after the bank failed to take timely write-downs on … Read the rest



Judge Slams Contract Attorney Charges In Madoff Feeder Fund Case

May 14th, 2013 | By | Category: Changing Legal Landscape, Contract Attorney Market: Trends, Contract Attorney Primers, Top Story

 

14 May 2013 – A federal judge in New York approved a hotly disputed fee for lawyers who negotiated a $217 million settlement with Madoff “feeder funds,” but only after leveling harsh criticism at the firms for trying to obtain excessive markups for low-paid contract attorneys.

In a 43-page opinion issued last week, U.S. District Judge Colleen McMahon rejected the New York Attorney General’s objection to a $40.7 million fee request from lawyers led by Lowey Dannenberg who obtained the settlement from Ivy Asset Managment on behalf of pension funds that lost money in the Bernie Madoff swindle.

The NYAG argued the fee was excessive because the state … Read the rest


Firm must divulge information on contract lawyers in Citigroup case; challenge to firm’s “excessive” fees

Mar 5th, 2013 | By | Category: Changing Legal Landscape, Contract Attorney Market: Trends, Top Story

 

5 March 2013 –  Last week the federal judge in In re Citigroup Inc. Securities Litigation, a shareholder lawsuit against Citigroup being heard in the U.S. District Court, Southern District of New York) ordered a law firm to hand over information about contract attorneys it employed.  It was considered a victory to a shareholder who is challenging the firm’s fees as excessive.

Kirby McInerney, a New York-based plaintiffs’ firm, represented shareholders who in 2007 brought a class action in Manhattan federal court accusing Citigroup of hiding tens of billions of dollars in toxic mortgage assets. Citigroup agreed last year to settle the lawsuit for $590 million.

The agreement … Read the rest



The McDermott e-discovery malpractice case and contract attorneys: The Posse List weighs in

Aug 1st, 2011 | By | Category: Contract Attorney Market: Trends

1 August 2011 – Over the weekend we posted an update on the McDermott e-discovery malpractice case involving contract attorneys, vendors and privilege.  The case involves a allegedly botched privilege review.  For that post click here

The response from the List was enormous.  We received 980+ emails commenting on our post and the case.  

We have written a number of posts about the technological changes that have reshaped the legal industry (we hesitate to call it a profession) with a focus on what Richard Susskind, Ralph Losey and Jordon Furlong (among others) have wriiten about these past few years:  the deep and rapid technological advances (of the disruptive kind) … Read the rest



UPDATE: the McDermott e-discovery malpractice case involving contract attorneys, vendors and privilege

Jul 30th, 2011 | By | Category: Electronic Discovery, Top Story

30 July 2011 — As we had reported in a previous post, the world’s first e-discovery malpractice lawsuit was filed in State Court in California against McDermott Will & Emery.  The case has been rocketing around the internet, striking fear in the heart of the e-discovery community.  The case involves a privilege filter through which all the collected documents were reviewed that reportedly was botched and resulted in McDermott delivering to the US government “documents that were not responsive to [government] subpoenas and were also attorney-client privileged.”  An amended complaint has just been filed with more details about the review, the contract attorneys hired, etc.

For a summary of the … Read the rest



UPDATE: Explaining the continuing surge in the U.S. of non-English language document review projects

Apr 27th, 2011 | By | Category: Foreign Language Document Reviews, Top Story

27 April 2011  [updating our January 2011 post]

The global “patent arms wars”

Ah, litigation.  Truly the sincerest form of flattery.  If you have been following all the IP litigation out there the last few months you know that the most recent battle pits Apple who has gone after Samsung for violating 10 iPhone and iPad-related patents in its Android-based smartphones and Galaxy Tab.  And Samsung has countersued, starting off with lawsuits in Europe and Asia, with U.S. based lawsuits about to be filed. 

The subtext is obvious.  Apple to Samsung:  you are an unexpectedly persistent competitor, and we don’t much like that.  But for both companies, legal fights are … Read the rest



The competing offers for NYSE Euronext: the principal law firms

Apr 8th, 2011 | By | Category: Mergers/Competition/Investigations, Top Story

8 April 2011 — We have received a mountain of emails asking about the competing NYSE Euronext deals so we thought we’d provide a summary.

Deutsche Boerse made the first offer.  Under that deal Deutsche Boerse shareholders are set to own 60 percent of the combined company with NYSE Euronext shareholders taking a 40 percent stake. 

In the second offer, NASDAQ OMX Group and ICE would make an outright acquisition of NYSE Euronext. 

NASDAQ OMX has Shearman & Sterling as legal counsel for this transaction and ICE has Sullivan & Cromwell. 

Deutsche Boerse has Linklaters, its longstanding outside counsel.

Wachtell Lipton has the lead attorney role for NYSE Euronext. 

Meanwhile, … Read the rest



The proposed AT&T acquisition of T-Mobile USA from Deutsche Telekom: initial thoughts

Mar 21st, 2011 | By | Category: Antitrust/Competiton issues, Mergers/Competition/Investigations, Top Story

Reported by:  Gregory P. Bufithis, Esq. (with special thanks to Johann Jurgens who is a telecom analyst for a hedge fund and is an advisor to The Posse List on the telecom industry) 

21 March 2011 — Late yesterday AT&T and Deutsche Telekom announced an agreement for the sale of T-Mobile USA for $39 billion in cash and stocks.  It will yield the largest U.S. mobile phone customer base of 130 million users but all commentators agree: the deal will have to pass very tough regulatory review and other closing hurdles before becoming complete.  And the antitrust issues are enormous.  Even the press releases issues by each company said it’ll … Read the rest