Law Firms

The management of one of Britain’s top regional law firms was holding crisis talks last night after calling in the administrators. Halliwells of Manchester is the first big legal practice to fall victim to the financial crisis and could become the biggest ever to go out of business. The negotiations were aimed at transferring the […]

The U.S. Justice Department’s decision to open a criminal investigation into the Gulf Coast oil spill is threatening to complicate scores of lawsuits brought by people seeking compensation for the disaster. At issue are questions that often come up in so-called “parallel proceedings” — in which multiple government agencies are investigating the same event for

The U.S. Securities and Exchange Commission should force Goldman Sachs Group Inc. (GS) to return funds it got from American International Group Inc. (AIG) if the insurer sold default protection based on fraudulent conduct by Goldman, two Congressmen said. The securities, part of a group of collateralized debt obligations dubbed Abacus, are tied to home

Nearly 200 lawsuits filed against Toyota Motor Sales USA Inc. will be consolidated before U.S. District Judge James Selna of the Central District of California, the U.S. Judicial Panel on Multidistrict Litigation announced on Friday. The panel appeared to have been swayed by two arguments that Toyota’s lead counsel maintained during a hearing last month

First came the reports of sudden acceleration, then the recalls. And now, inevitably, the lawyers. Lots of them. With Toyota Motor Corp. already facing scores of lawsuits stemming from alleged sudden acceleration incidents, about 150 lawyers gathered Wednesday for an all-day event to discuss litigation strategy over claims of deaths and injuries in accidents as

The Law Firm of Salah Al-Hejailan (LFSH) has joined forces with the London-based Freshfields Bruckhaus Deringer, one of the largest law firms in the world with 2,800 lawyers on its roll and 27 key business centers around the globe. “The two law firms have endorsed an agreement that will enable them to cooperate and offer

How bad was it in 2009? The National Law Journal’s annual Go-To Law School List paints a pretty sorry picture of first-year associate employment at the nation’s 250 largest law firms last year. The No. 1 law school sent just 55.9% of its 2009 graduates to NLJ 250 law firms. In 2008, the highest percentage

Nestled amid the bustle of north Mumbai, the headquarters of Pangea3, one of India’s biggest legal outsourcing companies, is enough to give a British corporate lawyer used to the slick environs of the City or Canary Wharf the heebie-jeebies. On the street outside, manual scavengers pick through the morning garbage while hawkers throng the sidestreets.

It was a wild ride for associates at big law firms during the first decade of the century. In the end, most everyone was a little queasy from the experience. Between 2000 and 2009, law firms doled out jaw-dropping bonuses, lavished benefits like never before and hiked first-year salaries to a point that drew the