Media Monitor
December 11, 2014
A digest of the week’s news of note:
From the most buzz-worthy and blogged-about, to the leading business, innovation and legal industry headlines.

Legal Education/Careers

  • Legal Sector Jobs Hold Steady in November: The number of jobs in the legal sector remained flat in November compared with the previous month, according to seasonally adjusted preliminary data released Friday by the U.S. Bureau of Labor Statistics. (AL, 12.5)


Corporate Counsel



  • General Counsel as Negotiator Role Model: A general counsel and a business professor share insights on how to use a general counsel's business negotiation acumen in a wide array of situations. (CC, 12.5)







  • The Bingham Case Study—Part I: A 2011 Harvard case study traced Bingham McCutchen’s evolution "to a preeminent international law firm." How quickly the world can turn. (AL, 12.5)







  • Managing Partner Confidence in Legal Industry Slowly Grows: Law firm managing partners showed slightly more confidence in the legal industry in the third quarter compared with the previous quarter, according to the latest survey by the Citi Private Bank Law Firm Group. However, concern about the sustainability of growing demand for legal services as well as increasing price discounting pressure continues to mount. (AL, 12.9)







Legal Education


Law Firms/Lawyers/Corp Counsel

  • Payday in Sight for Creditors of Defunct Law Firm Howrey: The defunct law firm’s bankruptcy trustee reached a pair of settlements this week—with Howrey’s former Washington, D.C., landlord and a group of ex-partners—that should clear the way for the creation of a debt-repayment plan in the 3 ½-year old case. (WSJ, 12.5)


Wall Street/PE




  • Fed Sets Tough New Capital Rule for Big Banks: The Federal Reserve proposed tough new capital requirements for the biggest U.S. banks. J.P. Morgan Chase would face a capital shortfall of $21 billion under the proposal. (WSJ, 12.10)


  • A Rule With Few Friends Struggles to Survive: The demise of an arcane derivatives regulation with a limited effect would appear not to be a cause of much concern, but it would deprive the market of an important experiment. (NYT, 12.10)





  • Steve Jobs Defends Apple in Taped Deposition: A jury heard late Apple co-founder Steve Jobs say in a recorded deposition played at an iPod pricing trial that he was “very scared” about hackers of the company’s iTunes service. (WSJ, 12.6)


  • Judge Questions Plaintiffs in Apple Case: A federal judge Thursday questioned whether any of the plaintiffs in a long-running antitrust suit against Apple Inc. had actually bought the iPods at issue in the case. (WSJ, 12.5)




  • Cisco Sues Networking Rival: Cisco Systems sued Arista Networks, accusing the fast-growing competitor of infringing on an array of Cisco patents and copyrights associated with its networking equipment. (WSJ, 12.6)