Law:

Law Firms Scaling Back on Traditional Directory Listings
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NY Firm Boosts London Branch With Raid on US Rival Hemorrhaging Partners
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Letter to a New Partner
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Bonus Watch: Updates
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Perk Watch: Debevoise & Plimpton to 18 Weeks
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Freeborn firm linked to Rezko wire transfer
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Lazar Sentenced in Milberg Weiss Class Action Kickback Scheme
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Law Prof Examines Whether Justices are for Sale
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Admitted felons still battling over attorneys fees
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Email of the Day
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Note to Litigants: Don't Use Work Email to Discuss Your Case
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'Ghostwriting' Lawyers Can Remain Cloaked, but Not for Tactical Advantage
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Montgomery McCracken Grows Bankruptcy and Reorganization Practice
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Stand-Up Comic and Attorney Stands By His Record: 300 Shows, Zero Lawyer Jokes
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Dechert's European Offices Help Boost Strong Financials, Despite 'Difficult Year' for Industry
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"If the judge wants to sanction me, she can sanction me"
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Donations to Law Schools Are Soaring
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The Current Downturn: A "Perfect Storm" for Law Firms
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Law Firm 'Fake News' Video Criticized
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More Recusal Requests at the West Virginia Supreme Court
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Should Defendant Who Makes $200K a Year Get Free Legal Services? Jones Day Says Yes
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Judge Calls for End to Lawyers' Obfuscation, Suit's "Madness"
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Law Firms See Litigation Downturn, Likely to Weed Out Underperformers
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Pre-Law Students Rank Penn Most Overrated
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DLA Piper launches Facebook for trainees
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Say What?!
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An Interesting Take on the Future of Legal Secretaries
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Lawyer(s) of the Day
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Law School Roommate Lunacy
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M&A:

ADS Deal Dissolves
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The Chill Is Here
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How Much an 'Effort' to Keep Alliance Data Deal Afloat?
(NYT: separate free registration required)

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Fraud:

French Trader Free in SocGen Case
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France says SocGen in crisis
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French Inquiry: Bank's Inaction Grows as Issue
(NYT: separate free registration required)

Societe Generale Missed Warnings
(WSJ: separate paid subscription required)

Kerviel Told Prosecutor Eurex Alerted SocGen to Trades in 2007
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Eurex says systems worked, including SocGen case
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Kerviel claims bank tolerated his risky deals
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French rogue trader admits to concealing deals: prosecutor
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Kerviel Sought Recognition as Star Trader at Societe Generale
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Kerviel Says Others Broke Bank Rules -Prosecutor
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First couple billion are the hardest
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CFTC Busts $44 Million Internet Caper
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Financial Literacy:

Students may get financial education
(DBN Subscription Required)

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Food/Drink:

IBC proposes to pay unsecured creditors 26 percent
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Economy:

Bush and key House Democrats warn against Senate changes
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Senate Panel Unveils Plan of Its Own on Economy
(NYT: separate free registration required)

December Durable Goods Orders Jump
(NYT: separate free registration required)

Made in the USA: A global recession
(DBN Subscription Required)

Bankers at Davos See Slump, Firms Yet to Feel Effect
(DBN Subscription Required)

Fed likely to press on with calming rate cuts
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The gap between the Fed and other big central banks widens
(DBN Subscription Required)

Tom Brady and Efficient Capital Markets
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Horse Racing:

IRS to Reduce Claim Against NYRA
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Elder Debt:

Aging and Bankruptcy: Are Older Americans Truly Afforded an Economic Fresh Start
(DBN Subscription Required)

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Derivatives:

Estimating exposures in credit derivatives
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ACA failure would test default swap market
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Cash Management:

Sentinel's subprime debt investment loses value
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Carpet:

Propex announces court approval for $60mn credit facility
(DBN Subscription Required)

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Outsourcing:

Castleton seeks extension
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Real Estate:

Sales of New Homes Fell by 26% in 2007
(NYT: separate free registration required)

2007 May Have Been Worst Housing Period in Almost 50 Years
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New-Home Sales on a Slippery Slope
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More Bogus Numbers from the Mortgage Industry
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McMansion home sales collapse
(NYT: separate free registration required)

Foreclosure rate almost doubled in 2007
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US foreclosures rise in December; reach 2.2 mln in 2007, up 75 pct
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America's Hardest-Hit Foreclosure Spots
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TOUSA Files for Bankruptcy
(DBN Subscription Required)

Group: Mortgage Plan to Help Only a Few
(DBN Subscription Required)

Morality, Debt and the Subprime Mortgage Crisis: Is it Immoral to Let a House Go Into Foreclosure?
(DBN Subscription Required)

Rate cut, stimulus plan could restart housing
(DBN Subscription Required)

Countrywide CEO: Don't cry for me Nevada
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Countrywide Deal Driven by Crackdown Fear
(WSJ: separate paid subscription required)

Countrywide Swings to a Loss
(NYT: separate free registration required)

Credit Woes Batter Countrywide
(WSJ: separate paid subscription required)

Mortgage mogul Angelo Mozilo made a killing
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Countrywide earnings will be among most watched
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Subprime mortgages 'made Ohio a ghost town'
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Housing Advocates at Front Line of Mortgage Crisis
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When a Mortgage Overwhelms, Change the Terms
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Missed mortgage payments highlight consumer strain
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Lawyers: unclear foreclosure regs forcing them to turn down business
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Subprime crisis sends chill through Arctic Circle
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Who Knew What When?
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Nevada Had Top Foreclosure Rate in 2007
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USA Investors hearing set
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Michigan is third in US for foreclosures
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Texas foreclosures buck skyrocketing U.S. trend
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American Home Mortgage asks to sell LI building
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Channelside seeks OK to sell condos
(DBN Subscription Required)

First American to liquidate $2.95M portfolio
(DBN Subscription Required)

Levitt parent faces lawsuit
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Towers of Channelside condo developers file for Chapter 11
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1031 Tax Owner Asks Judge to Toss Deal
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Another $60 Million In Mortgage Problems
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Student Debt:

Sallie Mae Pays For Needed Cash
(DBN Subscription Required)

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Autos:

Chrysler Offers Up To $100,000 Per Worker For Buyouts
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The Oracle of Ghosn speaks, predicts DTW bankruptcy
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Delphi trims $85 million from execs' bonus fund
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BC Partners Lost $300 Million on Mark IV, People Say
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Champion to be liquidated
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Dura Auto lands new DIP lender
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Banking:

Top bankers must judge risk - Citigroup chairman
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Citigroup chief says Chinese, Russian sovereign funds are top worry
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Losses may lead to Societe General merger
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Getting bankers to hit the brakes
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Bankruptcy Crimes:

Sentenced delayed for trucking firm's former CEO
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Former task force leader faces federal indictment
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Turnarounds:

Romney is 'Master of the Turnaround'
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Aviation:

Maxjet seeks auction of assets
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Accounting:

How to Ax Your Auditor
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Former Andersen partner settles SEC lawsuit
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Russian court leaves PwC's licence in legal limbo
(DBN Subscription Required)

PwC future in Russia hangs in balance
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Jewelry:

Crescent is put into bankruptcy
(DBN Subscription Required)

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Convenience Stores:

AmeriStop leases at issue - Hearing Thursday critical for franchise owners
(DBN Subscription Required)

Rennie sells assets
(DBN Subscription Required)

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Printing:

Agfa-Gevaert could suffer from Quebecor World fall-out
(DBN Subscription Required)

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Credit Cards:

American Express Profit Falls in 4Q
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American Express Charge-offs Jump 46% in Q4
(DBN Subscription Required)

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New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

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Awards:

Elizabeth Warren Named to "Top 500" Group
(DBN Subscription Required)

Jeffrey I. Golden, Honorable Peter M. Elliott's Last Law Clerk To Be Awarded Judge Elliott Award
(DBN Subscription Required)

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Bankruptcy Reform:

A Mortgage 'Tweak' We Don't Need
(WSJ: separate paid subscription required)

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Mass Torts:

Asbestos Maker Turns Bankruptcy Case Into Hearing on Bogus Suits
(DBN Subscription Required)

Congoleum gets new plan
(DBN Subscription Required)

Fair resolution of mass injury cases is going to require revising cherished old notions of individualized treatment and client control in litigation
(DBN Subscription Required)

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Distressed Debt Investing:

Attention Vulture Shoppers: Debt Is Now On Sale
(DBN Subscription Required)

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Wall Street:

Merrill's Fakahany to Depart After Subprime Losses
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As market sinks, IPOs put on hold
(DBN Subscription Required)

Asian Markets Ambivalent Before Expected Fed Rate Cut
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Wall Street Advances on Hopes Of Another Rate Cut by Fed
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Firefighting:

American LaFrance files for bankruptcy
(DBN Subscription Required)

Fire truck maker files for bankruptcy, blames IBM
(DBN Subscription Required)

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Retailing:

Memo from Sears Chairman Edward Lampert on Aylwin Lewis departure
(DBN Subscription Required)

Sears Stuck In a Tough Spot
(DBN Subscription Required)

Sears' Chairman Will Take a Step Back
(NYT: separate free registration required)

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Financial Literacy:

Is Financial Education a Good Idea and Whose Idea Is It Anyway?
(DBN Subscription Required)

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Theater:

Postlethwaite, Bean, Prebble's Enron at Headlong
(DBN Subscription Required)

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Books:

John Grisham's Bad Guys Poison Rivers, Buy Judges
(DBN Subscription Required)

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Health Care:

Bayonne fights to double sale price
(DBN Subscription Required)

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Religion:

Two judges share how they guided church case
(DBN Subscription Required)

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Theme Parks:

Amid bankruptcy rumors, Six Flags considers selling more parks, eying big budget cuts
(DBN Subscription Required)

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Adversary Proceedings:

Adversary Proceedings in Bankruptcy: A Sideshow
(DBN Subscription Required)

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Payroll Services:

Couple Accused Of Fraud
(DBN Subscription Required)

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Photography:

Help for those left photo-less at altar
(DBN Subscription Required)

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Corporate Reform:

Ex-Safenet CFO gets prison term in options case
(DBN Subscription Required)

SEC Unhappy With Answers on Pay
(WSJ: separate paid subscription required)

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Tax:

Snipes Don't Need No Stinkin' Witnesses!
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Layoffs:

Mass layoffs on the rise
(DBN Subscription Required)

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Municipalities:

North Forest nearing bankruptcy, auditor reports
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Cash-Strapped States Resort to Odd Taxes
(DBN Subscription Required)

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UK:

Brown's "big 4" summit to offer little succor to mkts
(DBN Subscription Required)

Quebecor World puts U.K. branch in care of administrators
(DBN Subscription Required)

Britain faces recession, India, China can't help: Deloitte
(DBN Subscription Required)

Quebecor World walks away from U.K. unit
(DBN Subscription Required)

Debate Tackles Miss-Selling of Debt Solutions
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IFAs have power to radically reduce UK debt
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Jan retail sales continue to weaken
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China:

Hang Seng Index falls 4.3% on Monday
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Canada:

No severance for workers at bankrupt plant
(DBN Subscription Required)

Norbourg chief gets 12 years less a day
(DBN Subscription Required)

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