Fresh off a stint as a counter- terrorism adviser on Bill Clinton’s National Security Council, attorney Lee Wolosky was hoping to return to law. Most firms, he says, saw a guy with a two-year experience gap who’d need to start near the bottom.
David Boies, the attorney suing the U.S. over American International Group Inc.’s bailout, said the firm’s takeover was an abuse of authority similar to firefighters seizing possessions they rescued from a flood.
Former Solicitor General Theodore Olson, a partner at Gibson, Dunn & Crutcher LLP, bills as much as $1,800 an hour, according to the Wall Street Journal, which reported that the hourly fee came to light in bankruptcy filings for LightSquared Inc.
Covington & Burling LLP opened a Shanghai office, the law firm’s third office in Asia, led by corporate and securities partner Eva Wang and technology transactions and intellectual-property partner Weishi Li.
A group of 10 institutional investors that own Argentina’s restructured bonds has hired U.S. lawyer David Boies to advise them on how to prevent a case involving holders of the country’s defaulted debt triggering a fresh default by the South American country, newspaper La Nacion said, citing two people familiar with the matter.
Goldman Sachs Group Inc. hired law firm Boies, Schiller & Flexner LLP to defend the company against a $1 billion lawsuit filed by Australian hedge fund Basis Capital this week, said a person briefed on the matter.
Oaktree Capital Group LLC, the world’s largest distressed-debt investor, relied on Simpson Thacher & Bartlett LLP for its initial public offering that debuted yesterday. The lead underwriters, Goldman Sachs Group Inc. and Morgan Stanley, turned to Sullivan & Cromwell LLP for advice.