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?

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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.

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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.

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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.

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“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.

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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?

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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 »

The Law Society of Zimbabwe has barred 40 law firms — about one-seventh of the national total — from practising this year until they renewed their licenses or revamped, government media said on Monday. The law society office said that the 40 were out of an estimated 270 law firms in the country.

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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

The Law Society of Zimbabwe has barred 40 law firms — about one-seventh of the national total — from practising this year until they renewed their licenses or revamped, government media said on Monday. The law society office said that the 40 were out of an estimated 270 law firms in the country. Read More »

New Zealand’s law firms are at a crossroads. Faced with a shrinking pool of high-end work, reductions in panel numbers and flatter revenue growth, only the tough will survive in a small environment, but a notoriously competitive one.

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Rationalisation and consolidation have been the hallmarks of the year in New Zealand, as the drift of corporate head offices to Australia has forced practices to meet the challenge of ever increasing competition within a shrinking domestic market. “I’d say the market in New Zealand has been a lot more competitive for a lot longer

New Zealand’s law firms are at a crossroads. Faced with a shrinking pool of high-end work, reductions in panel numbers and flatter revenue growth, only the tough will survive in a small environment, but a notoriously competitive one. Read More »

They are partners in one of the most feared firms in America. Mel Weiss and Bill Lerach have won $30 billion suing corporate America. Now they too are under investigation.

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William Lerach, 57, is a flamboyant, sharp-elbowed showman. Together, as cochairmen of one of the most feared law firms in the nation, Milberg Weiss Bershad Hynes & Lerach, they have bullied corporate America out of $30 billion in damages and counting. In building the modern-day model for the shareholder class action, their mission has been

They are partners in one of the most feared firms in America. Mel Weiss and Bill Lerach have won $30 billion suing corporate America. Now they too are under investigation. Read More »

Who took the biggest slice of the European coporate pie in 2003? Thomson Financial’s tables show that the winner was Clifford Chance, who leapfrogged Linklaters with 216 deals handled. So who was behind them?

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Clifford Chance has come top of the MergerMarket announced European M&A league tables for the first time, knocking Linklaters off the top spot. The firm also came top of Thomson Financials tables for announced M&A with a European target. Clifford Chance leapfrogged Linklaters in the 2003 MergerMarket tables, handling 216 deals across Europe worth €163bn

Who took the biggest slice of the European coporate pie in 2003? Thomson Financial’s tables show that the winner was Clifford Chance, who leapfrogged Linklaters with 216 deals handled. So who was behind them? Read More »

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