Law:

BigLaw Firm's Bleeding Continues as Three More Partners Defect, Including Bankruptcy Head
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San Diego Bankruptcy Attorney Margaret Mann Joins Sheppard Mullin
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Goldman Joins DLA Piper's Financial Restructuring and Bankruptcy Practice in New York
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Venable Grabs a New Bankruptcy Partner
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Stroock Names New Bankruptcy Partner
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Akin Gump Names New Bankruptcy Partner
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Ballard Spahr Announces Formation of Subprime Lending Team
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MegaFirm Names Record 69 New Partners
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Reed Smith smashes revenue target in double-merger year
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And in Associate Compensation News . . .
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Billable-hours choice eases rate pressure
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Big Salaries Linked to Big-Name Law Schools; Small Pay Is Larger Reality
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Leaner Pay, Bonuses May Be Reality in 2008
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Health Inspection Scores of NYC Law Firm Cafeterias
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London Lawyers Foresee Solid, Albeit Slower, Start to 2008
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Will Harsh Ruling Over Qualcomm Discovery Increase Chances of Bar Discipline?
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Court Imposes Penalty of $8.5 Million for Discovery Violations
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Six Lawyers Referred to Calif. Bar for Qualcomm Discovery Abuse
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Former 2L Beauty Queen Charged With Kidnapping Made Poor Choices in Men
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Judge: Listening to Lawyers is Hard Work
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Kilpatrick Stockton Elects 2008 Firm Co-Chairs and Executive Committee
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Litigator's Nightmare: Late Filing Costs Client $1 Million
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Private Investors Seek Litigation Management Role
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Justices Debate Stare Decisis
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Lerach Strikes Again, This Time Going After the SEC
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Reed Smith Hires Two to Run Firm as Global Business
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Plaintiffs Lawyers Tangle Over Billions in Tobacco Fees
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Scruggs Grand Jury Looking at Another Case
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Lawyer Censured for Misrepresenting Role in 'Law Firm'
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Most gay-friendly firm
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750,000 dollars in damages for cuckolded husband
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Say What?!
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The Law Firm, The Secretary and The Spy Cam
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Family of Lawyers Joins Duane Morris as Partners
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Wall Street:

US Stocks Fall on Bank Finance Concern; Countrywide Plunges
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Financial Sector: Good News Was Bad, Bad News Was Worse
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Stocks Tumble on New Signs of Economic Woes
(NYT: separate free registration required)

Bear Stearns Turns to Insider Schwartz as Rivals Seek New Blood
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Bear Stearns' Wild-Card Shareholder
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Extrication Time at Bear Stearns
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Morgan Stanley, Citi, Merrill Spun by Reality
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Economy:

Fed opposites join forces to hint at rate cuts
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US stimulus: Consumer cash or business breaks?
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Bush May Use Tax Breaks to Ward Off U.S. Recession
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Is this a recession or isn't it?
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Emerging debt-Asia bond spreads spike; Indian lenders hit
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U.S. corporates to suffer profit recession, predicts BlackRock's Doll
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Poorer Countries to Offset US Slowdown
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Real Estate:

Countrywide Loses Most Since 1987 on Funding Concern
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Countrywide says it's not filing for bankruptcy
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Countrywide Denies Bankruptcy, Stock Plunges 27 Pct
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Countrywide: Still Alive, Apparently
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Traders Move on Countrywide
(WSJ: separate paid subscription required)

Literary Jurist Appalled By Everyday Shenanigans
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Paulson: Government could expand borrower aid
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Paulson Sees `No Evidence' Housing Decline Is Ending
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Home sales sink, outlook darkens
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Northeast Is Toughest Place in US to Sell Homes
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First Magnus didn't separate funds; branches may be out of luck
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Housing slump to continue: Fannie CEO
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Fannie Mae urges review of private label MBS market
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Loss Mounts for KB Home, and Builder Warns of More Distress Ahead
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Brantley Homes files for Chapter 7 bankruptcy protection
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Housing Collapse Beginning to Affect Retail Establishments
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Citi Shakes Up Its Mortgage Business
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Housing: A Fresh Jolt of Bad News
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Housing Decline Saps Retail Real Estate
(WSJ: separate paid subscription required)

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Enron:

Law firm seeks $688 million for Enron work
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Citigroup Fights Enron Suit
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FERC OKs $18M Enron settlement with Wash. utility
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Credit Cards:

Consumer borrowing reflects big jump in credit card debt
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US Consumer Debt Rose $15.4 Billion in November
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Bonds:

Ambac, MBIA Shares Tumble After Morgan Stanley Cuts Estimates
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Monoline bailouts skewered on Countrywide crash
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Alternative Fuels:

Bioenergy of America Files for Ch. 11
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Bankruptcy Statistics:

Personal bankruptcies in Orlando nearly doubled in 2007
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Pittsburgh-area bankruptcy filings jump 30 percent over '06
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Politics:

Vulture Fund Founder Singer Helps Back Giuliani Bid
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The California Budget, Bankruptcy, Clinton, and Obama
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Bankruptcy Crimes:

Man accused of hiding home ownership
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Stock Brokers:

E*Trade Hits Low on Cash Concerns
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Derivatives:

Will the CDS Market See $250 Billion in Losses?
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Financial Literacy:

Financial Education: Money Talk Hits a Sore Spot
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Judges:

New Federal Law Upgrades Court Security
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Telecoms:

AT&T Drops Most in 5 Years on `Softness' in Consumer Business
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Utilities:

Court approves Calpine's $7.6 bln exit financing
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New Bankruptcy Opinions
(2 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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Autos:

Dana Holding expected to be rated 'BB-' on plans for bankruptcy emergence - S&P
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JP Morgan and Citi to launch Delphi loans
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Benefits uncertain for 1 union at Dana
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More auto executives expecting profit to rise
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Chrysler offers new buyouts
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Environmental:

Bankruptcy judge signs settlement for Berkeley Pit cleanup
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Aviation:

Kitty Hawk auction approved
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Pinnacle Sues Pilots on Contract Talks
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AA employees unlikely to receive much 2007 profit-sharing
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Payroll Services:

Hollywood payroll company Axium files for liquidation
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Health Care:

A Safety-Net Hospital Falls Into Financial Crisis
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Budget cuts force cuts in hospital staff
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Retailing:

Circuit City sees sales slowdown in December
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Hedge Funds:

Basis Intends to Ask Court to Appoint Representatives
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Hedge fund returns in '07 'disparate'
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Hedge fund guru's death from voodoo curse?
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Hedge fund dealt blow in Maryland court
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Food/Drink:

Food distributor Fadler Co. files bankruptcy
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Unsecured creditors get almost nothing from sale of Topps assets
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Layoffs:

McGraw-Hill Cuts 600 Jobs, Takes Charge
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Klaussner Home Furnishings Announces Layoffs
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Shipping line to cut thousands of jobs
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Corporate Reform:

Risk of Bribe Probes Grows for Business
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Lumber:

Pacific Lumber seeks lumber sale to parent Maxxam
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UK:

Northern Rock sale 'could breach Human Rights Act'
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Holiday woe as flight firm collapses
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Marks & Spencer Shares Plunge on Unexpected Holiday Sales Drop
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Housebuilder reports lower sales
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Pound Falls to Record Against Euro as Consumer Confidence Drops
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Australia:

Centro faces collapse
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Italy:

Four major banks face trial in Parmalat case
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