lawyers

Don't You Ladies Worry About Nothing, Sal Strazzullo Is Here

Hamilton Nolan · 01/20/10 12:24PM

A porn star and a stripper are trying to beat prostitution charges on a grammatical technicality after prosecutors put "and" in a document where they should have put "or." Luckily for the women, they have a lawyer who—solely on the basis of the following quote—we picture (correctly, it turns out) to be a hilariously stereotypical sleazoid attorney:

Morgenthau Carries On

cityfile · 01/20/10 10:45AM

Former Manhattan District Attorney Robert Morgenthau retired at the end of 2009 at the tender age of 90. Did you expect him to move to some sunny retirement community and play golf for the rest of his days? Pen a memoir and reflect on his 35-year career as DA? That isn't his plan. Morgenthau reports he's joining Wachtell Lipton, the notoriously aggressive corporate law firm that represents some of the biggest banks in America. [BW]

The Best Legal Gig in America

cityfile · 11/23/09 12:07PM

Irving Picard, the man in charge of liquidating Bernie Madoff's assets, is asking for $22.1 million in fees for the last five months of work he and his firm have put in on the case, on top of the $14.6 million he's already been paid. But that includes a 10 percent "public interest discount," so don't even think of suggesting Picard isn't generous. [Bloomberg]

The National Pork Board Does Not Endorse Eating Cats

Hamilton Nolan · 11/12/09 12:32PM

The all-powerful National Pork Board has sicced its attorneys on make-your-own-clever-shirt site Neighborhoodies. The National Pork Board strongly disagrees with Alf's assertion that cats are "The Other White Meat."

The Curious Case of Brian Schroeder

cityfile · 11/02/09 12:47PM

Did you hear about Brian Schroeder, the Harvard Law School grad who set fire to the 9/11 chapel early Saturday morning, either as part of a "drunken prank" or because "someone slipped something into his drink"? The good news is Schroeder finally scraped together $3,000 in bail money and got to go home last night. The bad (though hardly surprising) news: Not only is Schroeder quickly turning into this week's tabloid whipping boy, his job offer at the law firm Sidley Austin—which coincidentally once had its offices in the World Trade Center—has been rescinded. But at least now he'll have plenty of time to continue his world travels. [NYDN, NYP, NYDN]

Is $9 Trillion a Lot of Debt?

Hamilton Nolan · 08/26/09 11:26AM

The Way We Live Now: Gap-toothed. Too poor to get a falsie to complete our smile. Lawyers aren't making it! Kitschy yuppie bars on skid row are losing ambiance! Nine trillion dollars in debt is a lot. A lot.

The Best Legal Gig In Town

cityfile · 08/19/09 12:01PM

Stephen Dannhauser, the chairman Weil, Gotshal & Manges, has every reason to be sitting smugly in his office chair in the middle of Midtown. Last week, a judge signed off on the firm's $55 million tab for the work Weil has performed in connection with Lehman Brothers' bankruptcy; this week, the firm submitted another bill for $45.2 million more. Kenneth Feinberg, President Obama's pay czar, has suggested putting some sort of cap on Lehman's legal expenses going forward. Why? Isn't a $15,000 postage bill and $67,000 in business meal expenses perfectly reasonable? Ordering in dinner from Le Cirque every night isn't free, you know. [WSJ]

Irv Picard Isn't In Any Hurry

cityfile · 08/10/09 10:41AM

Victims of Bernie Madoff's Ponzi scheme may have to wait 15 years before all of his assets are accounted for and re-distributed. Serving as the court-appointed receiver or trustee assigned to wind down a Ponzi scheme? That may be one of the most lucrative assignments around.

The Lawyers Always Win in the End

cityfile · 08/04/09 12:58PM

The only moneymaking scheme better than the one Bernie Madoff operated for two decades (if only because it's perfectly legal): the one that Madoff court-appointed trustee Irving Picard is now running. Picard's firm is charging $1 million a week to disassemble Madoff's investment firm and is stands to collect as much as $250 million when all is said and done. [NYP]

Marc Dreier's Fire Sale at Sea

cityfile · 05/21/09 09:40AM

Lawyer Marc Dreier pleaded guilty to charges he bilked investors out of hundreds of millions of dollars a couple of weeks ago, and he remains under house arrest until his sentencing next month. (He may end up with a life sentence if prosecutors get their way.) He's been having trouble paying his bills since he was first indicted several months ago. According to his lawyer, Dreier even had to dip into his son's bar mitzvah fund recently to cover his living expenses. Perhaps that's why his yacht, which is one of a bunch of Dreier's assets now up for sale, was just discounted? Dreier's "Escape" (or "Seascape"), which was originally listed at $13.5 million, was just reduced to $12.5 million. After the jump, a few photos of the boat where Dreier probably spent many hours plotting and scheming.

Marc Dreier Still Lives Better Than You Do

cityfile · 05/12/09 10:21AM

Disgraced lawyer Marc Dreier pleaded guilty yesterday to a long list of charges and he may face life in prison when he's sentenced on July 13. In the meantime, though, it's time to celebrate! Today is Dreier's 59th birthday, and not even the prospect of spending the rest of his life in the clink can take that away from him. Even better: The judge allowed him to return to his massive Midtown apartment last night, where he's under house arrest and watched over by guards who cost Dreier $23,000 a month.