Law Firms

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 […]

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

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

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

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

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

“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

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

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

The state-owned Herald paper quoted the president of the umbrella body, Joseph James, as saying: “The said firms and or individuals are therefore not licensed to practise in 2004 and must close their firms immediately until they regularise their position to the satisfaction of the council.” All lawyers or law firms in private practice must