At present lawyers in the UK are forbidden from entering partnerships or incorporating other than fellow lawyers. The government also supports the ending of restrictions under which lawyers employed by companies are allowed to offer legal advice only to that company and not to its customers. The deregulation would open the door to mergers and […]
Among them is one of the country’s oldest firm of advocates – Hamilton Harrison and Mathews – which was said to have received more than Sh1 billion from Goldenberg International accounts held at Exchange Bank between August 1992 and May 1993. One of the commissioners, Mr Peter Le Pelley, was a partner in the firm,
Masons calls time on tech-boom salary war as Hammonds and Osborne Clarke rein in assistant pay. Masons has slashed its pay benchmark for junior lawyers by nearly 10% — becoming the first top 50 UK firm to seriously reverse the “unsustainable” pay hikes of 2000 and 2001. The shake-up of the national firm’s pay structure,
Will the additional lawyers find work? Most likely they will, because companies will continue to combat the fear of litigation, says Walter Olson, senior fellow at the Manhattan Institute and editor of overlawyered.com. A Business Roundtable survey of CEOs of the nation’s largest companies this month said they were worried most about rising health care
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
ALmost half of UK partners believe profit figures for law firms are “massaged.” Read More »
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
