Word: skadden
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Lawyers for online firms, especially those seeking to reassure potential investors before an IPO, cite such cases as critical precedents. Not all are convinced: one of Wall Street's leading law firms, Skadden, Arps, Slate, Meagher & Flom, recently warned investment-banking clients to steer clear of online-gaming companies because of concerns about their legality in the U.S. Should the DOJ decide to crack down, the gaming firms, at least, have an exit. PartyGaming's prospectus takes pains to point out that the company has no tangible assets or physical presence in the U.S. Indeed, one reason co-founder Parasol...
...what almost no one does--quit the firm before the requisite resume-enhancing two years. Next he joined the Manhattan district attorney's office, where he spent six years pursuing the Gambinos and other big-time criminals. He returned to private practice, this time at the firm of Skadden, Arps, Slate, Meagher & Flom, before making a sudden decision in 1994 to run for New York attorney general. He got crushed, finishing fourth in a four-way primary race. Worse, opponents later claimed he relied improperly on family wealth to finance his campaign, a charge that became an issue...
...acted completely appropriately in connection with Forum Financial," said David M. Zornow of the New York law firm Skadden, Arps, Slate, Meagher and Flom. "Everything he did was known to and approved by Russian government officials whom he was advising. It was those officials who decided what action should be taken with Forum Financial. The lawsuit is frivolous...
...keep legal eagles hungry, law firms are taking some of the money that goes to partners--who typically earn a seven-figure "draw"--and redirect it to associates, who do much of the grunt work at Silicon Valley practices like Gunderson Dettmer and blue-chip New York firms like Skadden, Arps, Slate, Meagher & Flom. First-year compensation packages will top $140,000, up from under $100,000 just three years ago. The higher wages are designed to ward off dotcoms seeking to hire lawyers directly rather than "rent" them through a firm. "The legal industry is unique in that corporations...
...Trade Representative's office. Although he asserts the job wasn't created for him, Lighthizer quickly became its shoo-in candidate. During his 2 1/2 years in that role, Lighthizer negotiated trade agreements that benefited the U.S. steel industry. Afterward, he joined the prestigious law firm of Skadden Arps as a nearly $1 million-a-year trade attorney and lobbyist representing, yes, steel companies among others. In that role he has returned his mentor's generosity: as treasurer of Dole for President, he has helped raise $37 million, the maximum allowed under the law. Lawyers at Skadden Arps have provided...