Published: May 02, 2014
If you turned on a TV, opened a newspaper or used the Internet this past week, you probably heard about the latest scandal in the NBA. A recording of Los Angeles Clippers owner Donald Sterling making racist remarks to his (then ?) girlfriend was leaked to celebrity gossip website TMZ and subsequently blasted across all media outlets. Advertisers started dropping their sponsorship of the team faster than John Wall and there were rumblings of fan protests. The response from the NBA was swift, and NBA commissioner Adam Silver announced that Sterling was fined $2.5 million--the maximum penalty available under league bylaws--and banned from the league for life.
Although the NBA acted quickly, it didn’t take the allegations lodged against Sterling at face value. The league hired Wachtell, Lipton, Rosen & Katz to authenticate the recordings. The Clippers also conducted an investigation, retaining Manatt, Phelps & Phillips, LLP. Although it has not been confirmed that either of these firms will continue to represent the league or the team, this scandal will surely be generating billiable hours for months to come.
Following last week’s flurry of pharma deal activity, on Monday Pfizer announced its intention to acquire British drug maker and serious competitor AstraZeneca. The potential $100 billion dollar acquisition would be one of the largest pharma deals in history, topping Pfizer’s $90 billion purchase of Warner-Lambert in 2000.
OK, maybe not in the literal sense, but if you are an aspiring attorney interested in getting a piece of the pharma pie you can start salivating now. On Tuesday drug companies announced deals potentially worth a total of $74 billion, and the top law firms are all over that.
Commencing your law school journey is no easy task, and can often feel like learning a new language. Professors do their best to break down legalese and abstract concepts into something digestible for students, but keeping afloat amidst the mass of content can be difficult.
Each year, thousands of international students apply for H-1B visas—temporary non-immigrant visas that allow individuals to work in the U.S. Since only a limited number of H-1Bs are given out each year, the H-1B visa process can be stressful, not to mention difficult to navigate.