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Florida Law Firm Asks to Be Dissolved
Legal Business | 2009/11/04 06:48

A prominent Fort Lauderdale law firm is asking a Florida court to dissolve it amid allegations that substantial amounts of money are missing from accounts created by the firm's co-founder, Scott Rothstein.

The possible dissolution of Rothstein Rosenfeldt Alder PA would amount to a repudiation of the politically well-connected Mr. Rothstein by his law partners and pose a potential embarrassment to the many Republican politicians in the state who have enjoyed his support. The 47-year-old attorney has boasted of a rags-to-riches ascent from a modest New York childhood in the Bronx to a lifestyle of luxury cars and sumptuous homes.

If the firm is dissolved it could meet the same fate as Dreier LLP, a New York law firm that was closed after its founder, Marc Dreier, was arrested for defrauding investors by selling bogus notes. Earlier this year, Mr. Dreier was sentenced to 20 years in prison. It is still unclear, however, whether the Florida firm would have to disband.

Mr. Rothstein didn't respond Monday to requests for comment. In an email exchange with The Wall Street Journal last week, he said he had "nothing to hide at all." Mr. Rothstein's attorney, Marc Nurik, didn't reply to requests for comment.

A spokesman for the law firm said it has launched an internal probe focused on a business Mr. Rothstein started that involved selling purported legal settlements to investors. He said the firm has contacted the U.S. attorney's office in Miami. At least one of the investors—Banyan, a Fort Lauderdale investment firm—has also contacted the U.S. attorney's office, which declined to comment on the matter.



Ohio Supreme Court sets 2 new execution dates
Breaking Legal News | 2009/11/04 02:46

The Ohio Supreme Court on Wednesday set two new execution dates even as the state continues to rework its procedures for putting condemned inmates to death by injection.

The execution dates are the first in four and a half months set by the court, which had been scheduling executions about once a month.

The death penalty is temporarily on hold in Ohio while the state develops the new policies. The update follows a botched execution on Sept. 15 that was halted after two hours when executioners couldn't find a usable vein on inmate Rommel Broom.

The court's decision Wednesday set a May 13 execution date for Michael Beuke, 47, convicted of the 1983 murder of Robert Craig, a man he met while hitchhiking on Interstate 275 in southwest Ohio.

Beuke shot Craig twice in the head and once in the chest, dumped his body in the bushes and stole his car.



Cravath Firm Cuts Bonuses for Most-Junior Lawyers
Legal Business | 2009/11/03 08:40

Cravath, Swaine & Moore LLP, the New York law firm, announced bonuses for salaried lawyers ranging from $7,500 to $30,000, based on experience, according to bloomberg.

Cravath’s announcement opens the bonus season among large New York law firms. The bonuses are less than half of what the most junior associates received last year, when bonuses were between $17,500 and $30,000.

“It’s the junior associates who really took a haircut this year,” said New York-based legal consultant Bruce MacEwen. “I think Cravath is reflecting the attitude that, frankly, junior associates aren’t worth as much. They don’t have experience. They don’t know what they are doing. It’s nothing personal.”

In the last two years, the biggest law firms in cities including New York, Chicago and Boston began paying first-year attorneys $160,000, according to a survey released July 30 by The National Association for Law Placement Inc.

Salaries for first-year attorneys peaked in 2009 and are likely to decrease “for the foreseeable future,” according to the NALP survey.

Law firms are scrambling to cut costs as demand for legal services drops and corporations pressure law firms to reduce their fees. Many of the largest U.S. law firms fired junior attorneys and staff this year, and firms such as Nixon Peabody LLP, Baker & McKenzie LLP and Chadbourne & Parke LLP cut attorney salaries.



Fla. law firm seeks dissolution as lawyer probed
Law Firm News | 2009/11/03 08:37

A prominent and politically connected South Florida attorney was being investigated by his own firm for financial irregularities in an investment business that led his law partner to seek dissolution Monday.

The attorney, Scott Rothstein, and partner Stuart Rosenfeldt founded the firm Rothstein Rosenfeldt Adler in 2002. Now Rosenfeldt is seeking to dissolve their partnership and have the 70-lawyer firm placed into court-supervised receivership "to minimize any further damage caused by Mr. Rothstein," according to court documents.

"A review of the firm's records undertaken this past weekend indicates that various funds unrelated to the direct practice of law cannot be accounted for, circumstances suggesting that investor money may have been misused by Mr. Rothstein who controlled all such accounts," Rosenfeldt said in the court papers.

A lawyer for some investors, Jeff Sonn, said initial estimates of the missing cash range from $100 million to $185 million.

"Nobody knows for sure," Sonn said.

At a brief hearing, Circuit Judge Jeffrey Streitfeld put off a decision on appointing a receiver by a day, in part to find out if Rothstein plans to return from an undisclosed foreign country to contest the move.

"This is an extraordinary effort that would have to be undertaken on an immediate basis," Streitfeld said. "Let's take a deep breath and see where we're going."

Neither Rothstein nor his attorney immediately returned telephone calls and e-mails seeking comment. An attorney hired by Rosenfeldt, former Miami U.S. Attorney Kendall Coffey, said he has been assured that Rothstein will return to the U.S. Coffey also said he has notified federal prosecutors about possible criminal wrongdoing at the firm.



Sniper attorneys to appeal execution to high court
Court Watch | 2009/11/03 08:36

Attorneys for sniper mastermind John Allen Muhammad plan to file an appeal with the U.S. Supreme Court in an effort to stop next week's execution.

Muhammad is scheduled to die by lethal injection Nov. 10 at a Virginia prison.

Attorneys for the 48-year-old have said they planned to file the appeal Tuesday. They asked Gov. Timothy M. Kaine for clemency last month.

Muhammad is to be executed for the slaying of Dean Harold Meyers at a Manassas, Va., gas station during a three-week killing spree in October 2002 that left 10 dead in Maryland, Virginia and the District of Columbia.

Muhammad and his teenage accomplice, Lee Boyd Malvo, were also suspected of fatal shootings in other states, including Louisiana and Alabama. Malvo is serving a life sentence in prison.



Law Firm SJ Berwin Opens Shanghai Office
Law Firm News | 2009/11/02 08:54

Leading international law firm SJ Berwin has opened an office in Shanghai.

The office is the firm’s third opening this year, its second in East Asia and its 12th office worldwide. It follows the opening of the regional office of SJ Berwin for East Asia in Hong Kong in April 2009 and the formal opening of its Dubai office last month.

SJ Berwin’s application for a license to operate a Representative Office in Shanghai was granted on 28 August 2009 at an official ceremony at the Ministry of Justice in Beijing. The new office for SJ Berwin in Shanghai, China opened in October 2009, coinciding with the 60th anniversary of the People’s Republic of China.

The business of the office will start by focusing on Fund Formation, Mergers and Acquisitions, Private Equity and Real Estate, reflecting the traditional key strengths of SJ Berwin.

Jonathan Blake, Senior Partner of SJ Berwin, said: “This is a further step in our strategy of international development in our core areas, and reinforces our confidence in the expansion and growth of our firm worldwide.”

Daniel Liew, Asia Managing Partner of SJ Berwin, said: “China’s impressive economic growth continues despite the global economic challenges, and client demand is high for dedicated, capable and experienced legal resources able to assist with both inbound and outbound cross-border legal work involving China.”



Prominent law firm investigates partner
Legal Business | 2009/11/02 08:53

The Supreme Court turned away another appeal to stop the release of documents generated for sexual abuse lawsuits against priests in a Roman Catholic diocese in Connecticut.

The court on Monday refused to hear an appeal from the Diocese of Bridgeport, which has been fighting for years to prevent the release of the documents. Last month, the justices refused to grant a delay at least while they considered the diocese's full appeal.

The order Monday was issued without comment.

The New York Times, The Boston Globe, The Washington Post and the Hartford Courant have asked to see the documents. The Connecticut Supreme Court has ruled that more than 12,000 pages from 23 lawsuits against the six priests should be unsealed.

The documents include depositions, affidavits and motions.

The records have been under seal since the diocese settled the cases in 2001.

The diocese says the First Amendment prohibits civil authorities from intruding into internal church decisions about priest assignments.



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