Law Admin

News this week that Peter Cornell, global managing partner of the world’s largest law firm, Clifford Chance, is relocating from London to New York – the two main international legal centres – has shone the spotlight on whether British and American lawyers can merge successfully. They dominate the market. Four of the world’s 10 largest

Some of Enron Corp’s former directors have agreed to a $168 million settlement of a shareholder lawsuit over the collapse of the energy trading company, the lead plaintiff in the case says. The directors will pay more than $13 million of their own money, while insurance proceeds will cover the remaining $155 million, according to

The 11th U.S. Circuit Court of Appeals has upheld a lower court’s decision to slash White & Case’s legal fee in a bankruptcy-related case from $5.5 million to $1.8 million, criticizing the firm’s fees as excessive. “White & Case has not persuaded us that it is entitled to so much more than the attorneys on

New York Attorney General Eliot Spitzer, leading a broad probe into insurance industry fraud and price-fixing, said Friday he intends to pursue criminal charges against executives as high as possible up the corporate ladder. Spitzer in an October lawsuit accused Marsh & McLennan & Cos., the world’s largest insurance broker, of rigging bids for insurance

Hyatt Corp. heirs Matthew and Liesel Pritzker have settled a family dispute for close to $1 billion, according to attorneys and a source close to the case. The settlement is about half the amount the siblings were seeking in a lawsuit accusing their father and others of looting their trust funds and leaving them out

White House Counsel Alberto Gonzales has long been seen as the quiet man in President Bush’s close-knit first-term team — a soft-spoken lawyer from Texas who rarely talked to the media and kept his personal views on policy matters to himself. But new details about Bush’s nominee to be the nation’s next attorney general are

A defense lawyer for Lynne F. Stewart, a lawyer accused of aiding Egyptian terrorists, told a federal jury today that prosecutors had failed to present any evidence that she knew about a conspiracy among terrorists in Egypt, or even that a conspiracy existed. The lawyer, Michael E. Tigar, asserted that prosecutors had instead engaged in

Former Federated CEO James Zimmerman was indicted for lying to prosecutors during a probe of whether the firm was trying to keep tableware from Waterford and Lenox out of rival Bed, Bath & Beyond. If found guilty of lying under oath during a probe by state Attorney General Eliot Spitzer’s office, Zimmerman could face as

A federal judge has delayed for a week a decision on proposed bankruptcy financing for Trump Hotels & Casino Resorts Inc. so that shareholders can review the company’s finances. A New Jersey bankruptcy court hearing will now be held Jan. 11 to review an interim approval of the casino operator’s $100 million reorganization financing, according

A merger between the Boston-based Ropes and Gray law firm with Fish and Neave, a law firm with offices in New York and Washington DC, has been finalized. Ropes and Gray Chairman Bradford Malt perviously said the merger would create a powerful new resource for its clients. The combined firms will employ 750 lawyers and