Law Firms

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies.

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies. The survey by the law firm Fulbright & Jaworski, a leading intellectual-property litigator based in New York and Houston, found that the average U.S. manufacturer currently faces 40 lawsuits. Of […]

Technology and communications companies rank third on the list of U.S. and U.K. industries with the most litigation, according a new survey of manufacturing companies. Read More »

The federal grand jury investigating the leak of a CIA officer’s identity met for three hours Wednesday with Special Counsel Patrick Fitzgerald and his deputies, adjourning for the day without announcing any action.

The federal grand jury investigating the leak of a CIA officer’s identity met for three hours Wednesday with Special Counsel Patrick Fitzgerald and his deputies, adjourning for the day without announcing any action. Fitzgerald is known to be putting the finishing touches on a two-year criminal probe that has ensnared President Bush’s top political adviser

The federal grand jury investigating the leak of a CIA officer’s identity met for three hours Wednesday with Special Counsel Patrick Fitzgerald and his deputies, adjourning for the day without announcing any action. Read More »

Exxon Mobile Corp.’s appeal of a $5 billion judgment Alaska jurors levied as punishment for the 1989 Valdez oil spill was headed back to a federal appeals court Friday.

Exxon Mobil’s appeal of a $5 billion judgment Alaska jurors levied as punishment for the 1989 Valdez oil spill was heading back to a federal appeals court today. The case, one of America’s longest-running civil disputes, stems from a 1994 decision by an Anchorage jury to award the punitive damages to 34,000 fishermen and other

Exxon Mobile Corp.’s appeal of a $5 billion judgment Alaska jurors levied as punishment for the 1989 Valdez oil spill was headed back to a federal appeals court Friday. Read More »

Shearman + Sterling’s a powerhouse law firm with its banking, M&A and corporate work. But there’s trouble at mill. Partners are leaving. Could it be its below-par profits-per-partner figures?

Rohan Weerasinghe, head of the Wall Street law firm of Shearman & Sterling, received unwelcome news this month. Five partners, including the asset-management group chief, jumped to a New York rival. The turn of events was not entirely unfamiliar. Some partners were already heading for the exits when Weerasinghe became the head of Shearman in

Shearman + Sterling’s a powerhouse law firm with its banking, M&A and corporate work. But there’s trouble at mill. Partners are leaving. Could it be its below-par profits-per-partner figures? Read More »

Milberg Weiss is known for its shareholder suits. Now the 220-lawyer firm is considering a split. Is it money? Ego? Strategic differences?

Milberg Weiss bills itself as the largest contingent-fee plaintiff-side firm involved in securities suits, and it has negotiated well-known settlements for hundreds of millions of dollars with companies including Rite Aid, 3Com, MicroStrategy and Sunbeam. The 35-year-old firm currently represents the lead plaintiff in shareholder suits against Enron and Dynegy. Senior partners on both coasts

Milberg Weiss is known for its shareholder suits. Now the 220-lawyer firm is considering a split. Is it money? Ego? Strategic differences? Read More »

It was to be the largest West Coast tie-up in US history, but the merger bid between California giants Orrick Herrington and Cooley Godward has collapsed. The problem? “Ego and politics”.

The talks broke off July 24 with management at both firms claiming the split was reached by mutual agreement, despite earlier reports that a merger deal could have been finalised by the end of July. Commenting on the split, one senior Orricks partner said “There are always people and egos and politics in these things,

It was to be the largest West Coast tie-up in US history, but the merger bid between California giants Orrick Herrington and Cooley Godward has collapsed. The problem? “Ego and politics”. Read More »

London lawyers Hammonds are struggling under a £25m overdraft. That’s why it’s asking its 89 equity partners to put up £18m of additional capital. It’s paying for its merger and acqusition appetite over recent years.

In what is believed to be the largest capital call the City has seen, equity partners will be asked to contribute up to 100 per cent of the value of the capital they have in the firm to ease debt and increase loyalty. Hammonds, which made gross fees of £137m last year, holds £18m in

London lawyers Hammonds are struggling under a £25m overdraft. That’s why it’s asking its 89 equity partners to put up £18m of additional capital. It’s paying for its merger and acqusition appetite over recent years. Read More »

Britain’s cosy judicial appointments system – under which judges are appointed by the Government after consultation with existing judges and senior lawyers – is poised for the most dramatic overhaul in its history.

Radical plans being drawn up by the Commission for Judicial Appointments (CJA), which advises the Government on legal matters, would see all judges up to the level of the High Court being selected by an independent panel of experts, most of whom would be drawn from outside the legal profession. The dramatic move to take

Britain’s cosy judicial appointments system – under which judges are appointed by the Government after consultation with existing judges and senior lawyers – is poised for the most dramatic overhaul in its history. Read More »

US firms continue to dominate in the international fees arena as they get set to announce double-digit growth for 2003. Latham & Watkins has broken the $1 billion revenue barrier joining other firms including Freshfields Bruckhaus Deringer and Linklaters in the billion dollar bracket.

Latham & Watkins has broken the $1bn (£562.4m) revenue barrier — matching the profits of Freshfields Bruckhaus Deringer and Linklaters along the way — as London’s top law firms prepare to be eclipsed by another record-breaking year for US rivals. The Los Angeles-based giant leads the charge of US firms preparing to announce double-digit growth

US firms continue to dominate in the international fees arena as they get set to announce double-digit growth for 2003. Latham & Watkins has broken the $1 billion revenue barrier joining other firms including Freshfields Bruckhaus Deringer and Linklaters in the billion dollar bracket. Read More »

One of the dirty little secrets of the legal system,” Thane Rosenbaum writes in this simultaneously woolly and provocative book, “is that if people could simply learn how to apologize, lawyers and judges would be out of work.”

Mr. Rosenbaum is a lawyer and a professor at Fordham Law School, but his aim here is to burn down his own house. He proposes a sort of talking cure for the legal system. There is, he says, too much emphasis on money in civil cases and on punishment in criminal ones. The system should

One of the dirty little secrets of the legal system,” Thane Rosenbaum writes in this simultaneously woolly and provocative book, “is that if people could simply learn how to apologize, lawyers and judges would be out of work.” Read More »

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