Law Firms

By Robert Joffe Presiding Partner, Cravath Fifteen years ago a walk on the west side of New York City would have been considered wild. And that statement might be polite. Today, the west side of Manhattan is one of the most vibrant neighbourhood’s in one the World’s most exciting city. The latest showcase: The new […]

Survey reveals that a large number of senior lawyers believe that firms manipulate published profit figures Leading lawyers believe that law firms often massage their financial performance figures, according to a poll that shows that nearly 40% of partners think firms routinely inflate published profit figures. In the latest Legal Week/ EJ Legal Big Question

A looming talent war and increased offshore demand for Australian lawyers in the UK and Asia could lead to a brain drain in the local market, the Australian Financial Review reported yesterday citing a salary survey. China beckons: large UK and US firms are setting up satellite offices in Shanghai and Beijing that are being

Pittsburgh’s largest law firm, Kirkpatrick & Lockhart, said yesterday that it would merge with English firm Nicholson Graham & Jones, giving it one of the five largest London offices among U.S. law firms. The combination, approved unanimously by partners on both sides of the Atlantic, will form Kirkpatrick & Lockhart Nicholson Graham LLP, with 950

High-profile campaign lawyer Jim Sutton has gotten his old law firm slapped with the biggest ethics fine in San Francisco history – nearly a quarter-million dollars – for failing to properly report the $800,000 donation Pacific Gas and Electric Co. made to help defeat a public power initiative in 2002. San Francisco Ethics Commission director

First Command Financial Planning Inc., a company that sold high-fee mutual funds to military officers, has agreed to pay $12 million to settle regulators’ charges that it used misleading sales material to promote the funds. The Securities and Exchange Commission and the National Association of Securities Dealers, the brokerage industry’s self-policing organization, announced Wednesday the

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

Bernard Ebbers, the former chief executive of WorldCom, was yesterday accused of telling “lie after lie after lie” about the telecommunication firm’s fragile finances to shore up its share price and protect his personal fortune, US federal prosecutors said yesterday. The remarks were part of opening statements in Mr Ebbers’ trial in New York. He

The former finance chief of WorldCom Inc. testified on Tuesday that Bernard Ebbers, as CEO, had pressured him every quarter to meet Wall Street earnings estimates, repeatedly telling him “to hit the numbers.” In his second day of testifying as the prosecution’s star witness against Ebbers, Scott Sullivan recounted a series of conversations with his

A jury Friday ordered the Boston Herald to pay $2.1 million for libeling a Superior Court judge, saying it misquoted him as telling lawyers that a 14-year-old rape victim should “get over it.” In a case closely watched by the media and legal communities, a jury deliberated for more than 20 hours over five days