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Around the Firms
No Cooley Orrick Merger
Last month, sources revealed that Cooley Godward and Orrick, Herrington & Sutcliffe have abandoned merger talks. The firms had been in discussion since the beginning of 2003. Firm leaders would not give a confirmation either way. As far as the search for merger partners goes, Orrick is thinking about acquiring Venture Law Group, a corporate boutique based in Menlo Park, CA, with which it has had a client-sharing agreement for approximately 4 years. Though the status of discussion between the two firms is unclear, last May, a United Kingdom publication was told by Craig Johnson, Venture Law's co-founder, that the two firms had discussed a possible union.
But Cooley Does Have New Counsel
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.