Laterals Want to Know Firm Finances: With the recent dissolutions of Heller Ehrman and Thelen, lateral partner candidates are asking more questions up front about the finances of the firms they are considering, according to The Recorder, via Law.com. One former Heller partner estimated that he and several other Heller partners will lose between $400,000 and $500,000 because of the firm’s dissolution.
Bin Laden's Former Driver Sent to Yemen: Osama bin Laden’s former driver has been transferred from custody at Guantanamo Bay to a prison in Yemen. The Washington Post reports Salim Ahmed Hamdan will spend the next month in a Yemeni prison until his military commission expires on Dec. 7. The Bush administration felt Hamdan was a dangerous terrorist, but a military jury believed he was a low-level aide.
SEC Gets Tough: The U.S. Securities and Exchange Commission expects to issue larger penalties than in the past on a number of companies that have allegedly violated the Foreign Corrupt Practices Act, according to The National Law Journal. Lawyers in the field say the more frequent and larger cases are driven partly by the globalization of business, but also by the stronger enforcement power that the SEC and the U.S. Justice Department have achieved through increased cooperation from other countries.
Now Hiring: As the Bush administration nears its end and businesses cut their lobbying budgets, Republican lobbyists are having a tough time finding work. The New York Times reports Democrats are in high-demand from companies and interest groups. The fact so many well-connected Democrats are vying for jobs in the Obama administration, is only adding to Democratic lobbyists' value.