Law Firms

The good news is that lateral partners are happier at their new firms than they were 10 years ago. The bad news is that their expectations about a firm’s ability to expand and support their practices are still not being met — a leading factor in why many chose to jump ship in the first […]

Like David Rockefeller in the United States and a succession of Rothschilds in Europe, David K.P. Li has long received the accolades that come to aristocratic bankers who combine wealth, political influence and public service. Li is a cabinet official here, a senior member of the legislature and the chairman and chief executive of the

In the wake of the tainted pet-food scandal, some pet owners, aided by trial lawyers and advocacy groups, are trying to achieve human-like status for their animals in our civil courts. If they succeed, it may become much more costly — and risky — to own a pet in America. Many of America’s estimated 65

Finally, some good news for Richard A. Grasso. In a decision yesterday that raises the legal hopes of Mr. Grasso, the former chairman of the New York Stock Exchange, a New York appeals court dismissed four of six legal claims brought against him over his compensation. The ruling may make it more difficult for the

Revenues at Linklaters are set to smash the £1bn barrier for the first time as it challenges Clifford Chance for the title of the world’s largest law firm, The Lawyer reports. Linklaters will outshine Freshfields Bruckhaus Deringer, with growth of around 15 per cent. Despite the massive upheaval at Freshfields, insiders predict that its revenue

The man who was Conrad Black’s trusted top associate for 30 years testified at the former media baron’s fraud trial on Tuesday how millions of dollars prosecutors claim were stolen began flowing to a Canadian company controlled by Black. David Radler, who has pleaded guilty to a single count of fraud in the same case

NBC Universal is taking sides with fellow media conglomerate Viacom Inc. over a piracy lawsuit filed against Google Inc.’s online video sharing site YouTube, according to papers filed in court. The case involves a separate party, Los Angeles News Service operator Robert Tur, who sued YouTube in July for allowing its users to appropriate his

World Bank President Paul Wolfowitz violated the agency’s ethics rules when he arranged a pay increase and a promotion for his companion, a panel of directors has concluded, according to a bank official. Wolfowitz has been given the report and will have a chance to respond, said the official, who declined to be identified because

In China, the government is vowing to clean up its pharmaceutical industry, in part because of criticism over counterfeit drugs flooding the world markets. In December, two top drug regulators were arrested on charges of taking bribes to approve drugs. In addition, 440 counterfeiting operations were closed down last year, the World Health Organization said.