|
|
|
Florida Law Firm Asks to Be Dissolved
Headline News |
2009/11/04 14:48
|
A prominent Fort Lauderdale law firm is asking a Florida court to dissolve it amid allegations that substantial amounts of money are missing from accounts created by the firm's co-founder, Scott Rothstein. The possible dissolution of Rothstein Rosenfeldt Alder PA would amount to a repudiation of the politically well-connected Mr. Rothstein by his law partners and pose a potential embarrassment to the many Republican politicians in the state who have enjoyed his support. The 47-year-old attorney has boasted of a rags-to-riches ascent from a modest New York childhood in the Bronx to a lifestyle of luxury cars and sumptuous homes. If the firm is dissolved it could meet the same fate as Dreier LLP, a New York law firm that was closed after its founder, Marc Dreier, was arrested for defrauding investors by selling bogus notes. Earlier this year, Mr. Dreier was sentenced to 20 years in prison. It is still unclear, however, whether the Florida firm would have to disband. Mr. Rothstein didn't respond Monday to requests for comment. In an email exchange with The Wall Street Journal last week, he said he had "nothing to hide at all." Mr. Rothstein's attorney, Marc Nurik, didn't reply to requests for comment. A spokesman for the law firm said it has launched an internal probe focused on a business Mr. Rothstein started that involved selling purported legal settlements to investors. He said the firm has contacted the U.S. attorney's office in Miami. At least one of the investors—Banyan, a Fort Lauderdale investment firm—has also contacted the U.S. attorney's office, which declined to comment on the matter. |
|
|
|
|
|
Cravath Firm Cuts Bonuses for Most-Junior Lawyers
Headline News |
2009/11/03 16:40
|
Cravath, Swaine & Moore LLP, the New York law firm, announced bonuses for salaried lawyers ranging from $7,500 to $30,000, based on experience, according to bloomberg. Cravath’s announcement opens the bonus season among large New York law firms. The bonuses are less than half of what the most junior associates received last year, when bonuses were between $17,500 and $30,000. “It’s the junior associates who really took a haircut this year,” said New York-based legal consultant Bruce MacEwen. “I think Cravath is reflecting the attitude that, frankly, junior associates aren’t worth as much. They don’t have experience. They don’t know what they are doing. It’s nothing personal.” In the last two years, the biggest law firms in cities including New York, Chicago and Boston began paying first-year attorneys $160,000, according to a survey released July 30 by The National Association for Law Placement Inc. Salaries for first-year attorneys peaked in 2009 and are likely to decrease “for the foreseeable future,” according to the NALP survey. Law firms are scrambling to cut costs as demand for legal services drops and corporations pressure law firms to reduce their fees. Many of the largest U.S. law firms fired junior attorneys and staff this year, and firms such as Nixon Peabody LLP, Baker & McKenzie LLP and Chadbourne & Parke LLP cut attorney salaries.
|
|
|
|
|
|
Prominent law firm investigates partner
Headline News |
2009/11/02 16:53
|
The Supreme Court turned away another appeal to stop the release of documents generated for sexual abuse lawsuits against priests in a Roman Catholic diocese in Connecticut. The court on Monday refused to hear an appeal from the Diocese of Bridgeport, which has been fighting for years to prevent the release of the documents. Last month, the justices refused to grant a delay at least while they considered the diocese's full appeal. The order Monday was issued without comment. The New York Times, The Boston Globe, The Washington Post and the Hartford Courant have asked to see the documents. The Connecticut Supreme Court has ruled that more than 12,000 pages from 23 lawsuits against the six priests should be unsealed. The documents include depositions, affidavits and motions. The records have been under seal since the diocese settled the cases in 2001. The diocese says the First Amendment prohibits civil authorities from intruding into internal church decisions about priest assignments. |
|
|
|
|
|
Court examines jury selection in doc's slay trial
Headline News |
2009/10/28 15:34
|
The highest court in Massachusetts is scrutinizing the jury selection process in the trial of a once-prominent doctor who is serving a life sentence in the 1999 killing of his wife. The Supreme Judicial Court has ordered Judge Paul Chernoff to answer questions about jury selection during the 2001 trial of Dr. Dirk Greineder, an allergist from Wellesley who was convicted of beating his wife, Mabel, with a hammer and slitting her throat. Greineder's lawyers argue that the jury selection process was closed, violating Greineder's right to a public trial, and are asking for a new trial. The SJC is asking whether any members of the public were present in the courtroom during questioning of potential jurors and whether Greineder or his lawyer agreed to closed-door proceedings. |
|
|
|
|
|
Ludacris Sued For Allegedly Stiffing Former Law Firm
Headline News |
2009/10/22 13:37
|
Law firm Carlton Fields P.A. has filed suit against Atlanta rapper Ludacris. reports the Courthouse News Service. Luda is being sued for non-payment of legal fees for services rendered between March 2008 and April 2009. The firm represented Ludacris and his Ludacris Foundation in a 2007 personal injuries and negligence complaint. Now, it claims that the rapper ows $61,860.20 in upaid legal fees - in addition to court costs. Carlton Fields claims it also advanced the defendants in the previous case, Lawrence A. Hyde v. Roberta J. Shields, Christopher B. Bridges and Ludacris Foundation, out-of-pocket expenses.
|
|
|
|
|
|
Chief justice warns cuts put courts at risk
Headline News |
2009/10/22 12:34
|
With another round of state budget cuts looming, Margaret H. Marshall, chief justice of the Supreme Judicial Court of Massachusetts, warned yesterday that financial troubles are clogging the courts, pulling probate officers from Boston schools, and decimating the ranks of court-appointed guardians. Problems could range from long delays for hearings to get protective orders in family court to less court oversight of troubled youth to routine business taking months rather than weeks as courthouses are forced to eliminate workers. “In my judgment, justice is in jeopardy in Massachusetts,’’ she said at her annual address to the legal community in downtown Boston. “These are strong words, and I use them with care.’’ For the first time in Marshall’s decade as chief justice, she focused her talk on a single topic and struck an unusually foreboding and political tone. |
|
|
|
|
Recent Lawyer News Updates |
|
|