A class action claim in Australia and New Zealand against the ANZ bank could rise to billions, according to lawyers. The case has received massive publicity and has now started a three week hearing as the biggest consumer class action in Australian legal history. It is the first of eight actions involving over 185,000 customers
Australian Bank Class Action Could Sell to Billions, Lawyers Say Read More »
White-shoe Big Law firm Cravath Swaine are to pay associate lawyers the same amount as last year. What can this mean? A note of caution? A degree of saving for tougher times? The Wall Street Journal reports that the youngest attorneys on the pay-scale will receive $10,000 and those with the most experience will get
A Cautious Cravath Swaine Keeps Bonus Levels . . Level Read More »
Peter Gordon is an Australian lawyer on a mission. And now it’s mission accomplished. The former Slater & Gordon lawyer put off his retirement in order to resolve a major class action claim against Thalidomide-maker Grunenthal and its distributor, Diageo. It is 50 years since Sydney doctor William McBride alerted medical authorities to the appalling
The Aussie Lawyer on a Mission – Mission Accomplished Read More »
The merger between Pillsbury Winthrop Shaw Pittman and Orrick, Herrington & Sutcliffe has been canned – it’s official a demerger. Client conflict was given as one of the principal reasons for the termination according to a Washington Post report. [wp_ad_camp_2] The union of Pillsbury and Orrick would have created a behemoth firm with 1,700 lawyers
What do lawyers earn? Well, ranked by the largest markets in the US, the ABA Journals has published its rankings showing New York, Washington and Los Angeles are the biggest markets with the biggest payrolls. And law practise management and issues continue to evolve rapidly, driven by technology, social change and new challenges driven by
Spectator columnist and former barrister Harry Mount stirred a hornet’s nest with an article about legal aid cuts in Britain. His thesis: They don’t go far enough. Shakespeare took it a little far in Henry IV, Part II, when Dick the Butcher said, ‘Let’s kill all the lawyers.’ Chris Grayling hasn’t made the same proposal
Barristers and Legal Aid Cuts – Why No Tears are Shed by Harry Mount Read More »
HONG KONG, Nov. 27, 2013 LawFuel.com Law News Daily — LexisNexis® recently acquired Greater China’s leading practical legal information provider, LegalStudio®. With an extensive library of fully bi-lingual Chinese commercial contracts supported by daily legal and tax news updates, articles and commentaries, LegalStudio® offers critical support to legal professionals in companies and law firms across
LexisNexis Acquires China Legal Information Provider Read More »
It’s not Grisham. Nor is it Alan Dershowitz, but former Big Law partner Steven Harper has nevertheless written a grim tale of impending doom about the business of law. His book, “The Lawyer Bubble: A Profession in Crisis” outlines the decline of the business of law due to the rapid increase in lawyers, spurred forward
Law firms are facing a record year of mergers, notwithstanding the canning of the proposed merger between Orrick Herrington and Pillsbury Winthrop, announced today. Reuters reported that Orrick Chairman Mitch Zuklie and Pillsbury Chairman James Rishwain said in a joint interview that a conflict of interest between clients in Orrick’s public finance practice and
Working out the most innovative law firms in the US is no easy task, but the Financial Times were up to it with a revised list of their ‘order of service’ for the rankings, which saw Skadden Arps take out the top position. The list includes most of the AmLaw 100 who submitted their best
