- Milbank, Tweed, Hadley & McCloy should be barred from representing children’s apparel retailer Gymboree in its bankruptcy case because the firm has also represented potential adversaries, including Bank of America and Goldman Sachs, a federal bankruptcy watchdog said. The firm risks not getting paid for work it has already done on the case, if the court rejects its employment application. (BLAW via BLB)
- Double-digit revenue gains from Proskauer Rose’s corporate and litigation groups fueled a 9.8 percent increase in its gross revenue last year, to a best-ever $977.9 million. Profits per equity partner jumped 12.4 percent at the ...
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