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  1. company town
    Proenza Schouler Shoots Too Early at TargetFASHION • Proenza Schouler’s Target line was available online for four hours yesterday (three days before its official debut), causing mass Internet shopper hysteria. [Fashionista] • Snejana Onopka, one of the poster girls for the current Save the Models movement, is rumored to be skipping New York Fashion Week. [FlyPaper] • Jordan Scott, former designer at Betsey Johnson and child of the East Village, will launch his first collection during Fashion Week. [British Vogue]
  2. company town
    Sullivan & Cromwell Bleeds AssociatesLAW • Sullivan & Cromwell lost about 30 percent of its associates in 2004 and 2005. It might take more than a raise to fix that. [WSJ] • Don’t despair, associates! Where Simpson Thacher goes, Milbank Tweed, Sullivan & Cromwell, Paul Weiss, Cleary Gottlieb, and Cadwalader, Wickersham & Taft are sure to follow. [Above the Law] • Long Island lawyer Gary Berenholtz, who once exposed a corrupt Brooklyn judge, stole money from clients and his partner’s widow to fund fine dining and finer vacations. [NYP] FINANCE • The New York Stock Exchange will trade almost exclusively electronically by the end of today; investment firms will continue to lay off floor traders. [WSJ] • The New York City employees’ pension fund is the lead plaintiff in a suit against Apple Computer Inc. for overcompensating executives with illegal stock options. [Reuters]
  3. the morning line
    We’ve Got a Lot of What It Takes to Get Along • We’ve been good little New Yorkers, and we’re getting a $1 billion tax cut. Mayor Bloomberg has unveiled his talking points for tonight’s State of the City address, and an upbeat bunch they are: a booming economy, a $2 billion surplus, and his own 75 percent approval rating. [amNY] • Barack Obama is officially in the running for ‘08, and the Post picks the unusually restrained “Barack Is On Track” while the News goes nearly incomprehensible with “Hil Better Not Look Barack.” [NYP, NYDN] • A lawyer is suing Sullivan & Cromwell, one of the city’s most prominent law firms, for discriminating against him because he was gay and retaliating when he lodged an internal sexual-harassment complaint. What is this, 1993? [NYP] • Naomi Campbell pleaded guilty to throwing a cell phone at her maid. The move resulted in a sentence of five days of community service, which Campbell will eventually get around to (after fashion shows in “California, Brazil, London, Paris and Milan.”) [NYT] • And in another celebrity-justice vignette, Jerry Seinfeld was ordered to pay $100,000 to his real-estate broker, whom he stiffed after she refused to give him a house tour on Shabbat. Strange, this sounds like more of a Curb Your Enthusiasm episode. [Newsday]
  4. intel
    Lawyers Lament Lousy Christmas-Party PlansIn this era of hedge-fund riches, word is, the perks of life at a white-shoe law firm are seeming meager by comparison. And here’s some proof: Dewey Ballantine, whose big-name clients include Fortune 500 companies like Walt Disney, Sony, and GE, has previously held its annual holiday party in fancy-pants venues like Lincoln Center and a rented-out Madame Tussauds. This year’s fête, on the other hand, will be held in the company cafeteria — and that’s leaving some grumbling litigators. “Even my kid’s high school has the good sense not to hold the prom in the gymnasium,” sniffs one. The big question is where future merger partner Orrick, Herrington & Sutcliffe is having its end-of-the-year shindig — and if this is a bad omen for what’s to come. Plus, wonders another disgruntled Dewey worker, “Does this mean the partners are taking their annual trip to Brighton Beach this year instead of Bermuda?”
  5. How Many Lawyers Does It Take to Make You Sick?Plaintiff: Amy Seiler Defendants: Harry J. Mulry Jr.; Gregory G. Shaub, doing business under the firm name Mulry & Shaub L.L.P. Accusation: A paralegal toils for a small law firm and gets bouts of “stomach distress, headaches and disagreeable fits of temper.” Oh, and don’t forget those “digestive upsets.” In a lawsuit filed last week in Brooklyn Federal Court, Amy Seiler says her bosses at Mulry & Shaub in Port Washington negligently dragged their feet in hiring a replacement for an outgoing receptionist. And so for the next two months, Seiler was forced to work two jobs for the price of one. But instead of quitting, Seiler stuck around for a “nightmare” at work that boiled over into “heated exchanges and accusations concerning baseless allegations of errors.” The bosses, Seiler claims, wanted to force her out instead of hiring more staff.
  6. intel
    New York Lawyer, Charged With Rape, Found Dead“It’s bizarre, unfortunate,” Steve Coleman, an Atlanta police officer, was saying about New York attorney Andrew Gardner. Gardner, 39, was a litigation partner at Fried Frank. He had been an undergrad at Harvard and had gone to NYU for law school. He lived in Armonk with his wife and three kids. And he was found dead, a presumed suicide, on Monday.
  7. the morning line
    Remains Remain at Ground Zero • Searchers found at least 18 more human bones in manholes around ground zero on Sunday, bringing the total of human remains found in the past week to 114. The families of victims are, needless to say, not thrilled. [Newsday] • Alan Hevesi’s challenger for state comptroller — you know, the guy who pointed out Hevesi was using a state employee to chauffeur his wife — lied on a mortgage application in 1993. Dems push the story, voters yawn. [NYDN] • At a public hearing tomorrow, the debate over whether to allow a 30-story Norman Foster glass tower on the Upper East Side will likely turn even nastier. Nothing like a little out-of-context architecture to get the neighbors all riled up. [NYP] • Anna Wintour was named editor of the year by Advertising Age, as Vogue is actually growing while rivals are sputtering. [NYP] • Episcopalians in Connecticut are now okay with gay marriages. Worldwide Anglicans soon not to be okay with Connecticut, one presumes. [NYT] • The law firm Milberg Weiss, which has been under indictment for allegedly paying off plaintiffs in more than 150 lawsuits over the years, has managed to attract a new senior partner. Someone will have to run the place if the old partners go to jail. [NYT]
  8. in other news
    City Loses 800 Lawyers; Sky Brightens and Birds SingReady your rim shots. Today’s Post reports that more than 800 lawyers were suspended yesterday for failure to pay their $350 biennial registration fees. A state appellate court ruled that the delinquent legal eagles had been offered plenty of opportunities to pay up, considering notices were sent to their homes and offices and posted on an official court Website; unless restitution is made, the suspensions will take effect in 30 days. Among the unlicensed litigators are corporate lawyers from such white-shoe firms as Skadden and Davis Polk; in-house counsels from Morgan Stanley, Lehman Brothers, MasterCard, Chase Manhattan, and AT&T; and attorneys for the Justice Department, the state Attorney General’s Office, the SEC, and the city Law Department. And it gets worse: The notices only went to attorneys whose last names begin with A through D. Extrapolating, that means some 5,000 lawyers — nearly a quarter of the New York City Bar Association’s 22,000 members — will be discredited by alphabet’s end. And what do you call that? As the old joke goes, a start. — Melena Ryzik Cheap Legal Eagles [NYP]