Fifteen law firms have billed the Lehman Brothers estate more than $300 million in total fees and expenses since Lehman filed for bankruptcy in September 2008. By almost any standard, that’s a lot of money. But the cash pouring in hasn’t stopped the key firms involved from protesting aggressively when the fee committee monitoring the […]
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
UK-based legal giant Freshfields has joined forces with a Saudi law firm. Read More »
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
A Brooklyn judge has rejected a bank’s request for $9,112 in costs for producing subpoenaed documents, calling the claim an example of the excess and greed among “fat cat bankers on Wall Street.” JPMorgan Chase, a non-party in an action to confirm an arbitration award, sought 25 cents per page and $25 per hour for
Ever since the Tiger Woods story broke the last month, there have been rumors and tales of a strange cover-up that had happened in 2007 involving the golfing great and two American Media Inc. publications, the National Enquirer and Men’s Fitness. The story, meticulously chronicled on Friday by a handful of WSJ reporters, goes like
Lloyd Platt & Company, a London-based law firm is offering unhappy couples what it claims a “must have” Christmas present – divorce gift vouchers. The firm says it has received hundreds of enquiries about the vouchers since they were put on sale in November. A couple can have half-hour or hour-long advice sessions with a
A prominent Twin Cities lawyer who was in line to become president of the Minnesota State Bar Association was charged Monday with plying a teenage boy with alcohol at his home and then raping him. The charges against Aaron F. Biber, of the Gray Plant Mooty law firm, say he arranged in a phone call
Heller Ehrman’s creditors have reached a tentative settlement for $1.6 million with 62 former shareholders, most of them junior partners, according to briefs filed in bankruptcy court late Wednesday. Creditors are targeting 180 partners altogether and have carved out policy committee members and senior management for separate negotiations. At least 56 partners who made less
