Law Firms

Two firms have the job of handling most of the legals on Google’s $2.7 billion IPO.

Simpson Thacher & Bartlett and Wilson Sonsini Goodrich & Rosati have emerged as the main lawyers on the long-awaited flotation of US search engine Google. Wilson Sonsini’s chairman and chief executive Larry Sonsini and corporate partner David Segre are acting for established client Google on the $2.7bn IPO. While Palo Alto-based corporate partner William Hinman […]

Two firms have the job of handling most of the legals on Google’s $2.7 billion IPO. Read More »

US law firms have posted profit increases of over 10% and posted blistering increases in fees according to research by UK legal publisher, Legal Week. Meantime, European law firms are under pressure.

The results of Legal Week’s 2003 US financial rankings show that the top 50 firms by revenue averaged growth in fees of 10.3% — pushing annual revenues for ranked firms to $28.84bn while average profits per partner were up 10.2%. The results, which look certain to comprehensively outpace those of their European counterparts, confirm that

US law firms have posted profit increases of over 10% and posted blistering increases in fees according to research by UK legal publisher, Legal Week. Meantime, European law firms are under pressure. Read More »

Senior London barrister Lord Grabiner QC is believed to be set to earn £3m in 2004, charging as much as £3,000 an hour – up three fold over his last year rake-in. But wait, he is charging even more for some clients.

One Essex Court head Lord Grabiner QC is set to earn £3 million while his arch rival, Essex Court Chambers Gordon Pollock QC, is tied up in the ongoing BCCI trial. Pollock, who is devoted to representing BCCI’s liquidators against the Bank of England until at least 2005, has commanded a £3m brief fee, putting

Senior London barrister Lord Grabiner QC is believed to be set to earn £3m in 2004, charging as much as £3,000 an hour – up three fold over his last year rake-in. But wait, he is charging even more for some clients. Read More »

Martha Stewart, yesterday found guilty on all four counts in her obstruction of justice trial, represents a stunning fall from grace for one of the most successful women in American business.

The Martha Stewart verdict signals a stunning fall from grace for one of the most successful women in American business. Not only was she the founder of a New York Stock Exchange company, she was its public face and chief spokeswoman, with a celebrity burnished on magazine covers, in books and on television shows, all

Martha Stewart, yesterday found guilty on all four counts in her obstruction of justice trial, represents a stunning fall from grace for one of the most successful women in American business. Read More »

Weil Gotshal has always been a powerhouse litigation practise with a annual firmwide turnover of $320 million, being 40 per cent of the firm’s total revenue. It’s litigation practise has grown 100 per cent over five years. How do they handle that growth?

The management of Weil Gotshal’s global litigation practice is being decentralised following 100 per cent departmental growth in the past five years. The department has grown sufficiently large for James Quinn, Weil Gotshal’s chairman of global litigation, to restructure it and devolve greater power to practice group heads. To put this into effect, the department

Weil Gotshal has always been a powerhouse litigation practise with a annual firmwide turnover of $320 million, being 40 per cent of the firm’s total revenue. It’s litigation practise has grown 100 per cent over five years. How do they handle that growth? Read More »

Adelphia Communications Corp. founder John J. Rigas and two of his sons siphoned off millions of dollars in corporate funds for personal extravagances, including using Adelphia funds to pay for 100 bedroom slippers and for corporate jets to deliver Christmas trees to another family member, a federal prosecutor told jurors Monday.

The company’s founding family also conspired with employees to mislead investors, banks and bondholders about the true state of Adelphia’s financial condition, and Rigas and his two sons were issued $1.5 billion in company stock that they never paid for, said Richard D. Owens, chief of the Securities Fraud Division of the U.S Department of

Adelphia Communications Corp. founder John J. Rigas and two of his sons siphoned off millions of dollars in corporate funds for personal extravagances, including using Adelphia funds to pay for 100 bedroom slippers and for corporate jets to deliver Christmas trees to another family member, a federal prosecutor told jurors Monday. Read More »

As the pace of legal activity involving Enron players quickens, Bernie Ebbers, the company’s former chief executive, faces criminal charges filed on Tuesday.

The charges against Ebbers were laid after Scott Sullivan, his former chief financial officer, agreed to plead guilty to similar charges and co-operate with federal investigators probing the collapse of the US telecommunications giant two years ago. Mr Ebbers, who resigned from WorldCom shortly before the company filed for bankruptcy protection from its creditors amid

As the pace of legal activity involving Enron players quickens, Bernie Ebbers, the company’s former chief executive, faces criminal charges filed on Tuesday. Read More »

Belgium’s trial of the century has finally opened, with a convicted child rapist facing charges of kidnapping and raping six girls and killing four of them in a gruesome case that traumatised the nation.

“My name is Marc Dutroux,” the accused said calmly from inside the purpose-built bullet-proof glass dock when asked his identity by presiding judge Stephane Goux on Monday. Branded Public Enemy Number One, Dutroux and three suspected accomplices, including his ex-wife, were driven in an armoured vehicle to the courthouse in this southeastern town to stand

Belgium’s trial of the century has finally opened, with a convicted child rapist facing charges of kidnapping and raping six girls and killing four of them in a gruesome case that traumatised the nation. Read More »

It had to happen. Malcolm Turnbull the Australian lawyer, banker, millionaire, republican – and so it goes – is now at last on center stage in Australian politics after deposing a Liberal member of the blue ribbon Sydney seat of Wentworth.

Don’t mention the republic or how far his leadership qualities could take him – these issues do not occupy the mind of the new Liberal candidate for Wentworth. In fact, just when Malcolm Turnbull’s elevation to the national political stage is all but assured, he has suddenly become dismissive of what many would argue helped

It had to happen. Malcolm Turnbull the Australian lawyer, banker, millionaire, republican – and so it goes – is now at last on center stage in Australian politics after deposing a Liberal member of the blue ribbon Sydney seat of Wentworth. Read More »

Megafirm Clifford Chance, which was the first UK-based firm to access capital markets, has changed its banking arrangements again by shifting £30m of its borrowings away from its bank facility and back to its partners. So what’s Clifford Chance up to?

The move, which coincides with the firm’s first partner retreat for two years, comes 14 months after its groundbreaking private placement in December 2002. It became the first UK law firm to access the capital markets. It eventually raised $150m (£81.7m) – up from the $100m (£63.7m) originally envisaged – using 10 and 20-year unsecured

Megafirm Clifford Chance, which was the first UK-based firm to access capital markets, has changed its banking arrangements again by shifting £30m of its borrowings away from its bank facility and back to its partners. So what’s Clifford Chance up to? Read More »

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