July 25, 2011 | The American Lawyer
The Great Game: Can British Firms Retain Their Upper Hand in Hong Kong?Though American law firms have made Hong Kong a prime target for expansion, their U.K. rivals still enjoy a post-colonial advantage.
By Anthony Lin
5 minute read
August 27, 2008 | National Law Journal
ABA gives thumbs up to legal outsourcingThe American Bar Association has waded into the debate over legal outsourcing with an ethics opinion blessing the outsourcing trend as "a salutary one for our globalized economy." Companies operating in India — the most popular destination for legal outsourcing because it has a common-law system and English is widely spoken — were quick to hail the advisory by the ABA's ethics committee as a major step forward for their nascent industry.
By Anthony Lin
4 minute read
November 07, 2006 | National Law Journal
N.Y.'s top court to consider firm's right to defer compensationNew York's highest court has agreed to hear a case concerning law firms' ability to withhold capital contributions and compensation from departing partners.
By Anthony Lin
5 minute read
June 18, 2008 | Daily Report Online
Milberg settles in kickback schemeFederal prosecutors Tuesday reached a settlement with class action law firm Milberg, four of whose former name partners have pleaded guilty in the past year to criminal charges relating to the payment of kickbacks to individual plaintiffs in shareholder cases. The deal calls for the New York-based firm to pay $75 million in fines in exchange for the dropping of criminal charges.
By Anthony Lin
6 minute read
December 08, 2011 | Law.com
Shades of '97 Crisis Linger Over Indonesia BoomIn the 1990s, the two Asian legal markets that mattered were China and Indonesia. Then came the '97 Asian financial crisis, and the ensuing slowdown saw many international firms close their Indonesia-focused practices. Now, Indonesia is booming -- but many law firms are proceeding cautiously, mindful of the traumas that came before.
By Anthony Lin
5 minute read
September 10, 2007 | National Law Journal
Out-of-town firms import talent to boost N.Y. effortsLaw firms eager to expand in New York have long bemoaned the fiercely competitive local market for lateral partners. Now out-of-town firms are increasingly trying to make it in New York with out-of-town talent. This week, Quinn Emanuel Urquhart Oliver & Hedges is moving leading constitutional law scholar Kathleen M. Sullivan to its New York office. The relocation of rainmakers is a bold gambit that could disrupt healthy practices in the hope that these lawyers can leverage their reputations in New York.
By Anthony Lin
6 minute read
January 16, 2012 | The American Lawyer
How Bad Will It Get?Asia's once red-hot market is beginning to cool. The region has rebounded quickly from previous downturns, but will this time be different?
By Anthony Lin
5 minute read
May 29, 2008 | National Law Journal
Recruiter loses bid to collect merger fee from Blank RomeA Manhattan judge has rejected a legal recruiter's attempt to collect a merger fee from Blank Rome, which rejected the recruiter's proposed combination with a small New York firm but later completed the deal with the help of a different search firm. The e-mail exchange between Mark Bruce International and Blank Rome did not constitute an enforceable contract because the parties had not agreed on the terms of a fee, Supreme Court Justice Herman Cahn ruled.
By Anthony Lin
4 minute read
May 24, 2007 | National Law Journal
Sidley escapes prosecution in tax caseFederal prosecutors have decided not to bring criminal charges against Chicago law firm Sidley Austin over its involvement with illegal tax shelters, though the law firm will pay a civil penalty of $39.4 million to the IRS. The decision to not prosecute comes almost two months after a non-prosecution agreement was reached with Dallas law firm Jenkens & Gilchrist, which similarly had a tax practice promoting shelters and issuing opinion letters. Jenkens & Gilchrist ceased operations almost immediately.
By Anthony Lin
3 minute read
July 31, 2008 | National Law Journal
With 96 more layoffs, Cadwalader faces its 'cataclysmic event'Just last year, Cadwalader, Wickersham & Taft was riding high, having reached economic heights previously scaled only by the Cravaths and Wachtells of the profession. In an interview at the time, the firm's then-chairman predicted there'd be no problem sustaining that success "short of some cataclysmic event." Cadwalader is now facing just that kind of event, announcing it is laying off 96 lawyers due to slowness in core practices. It's the second round of layoffs for the firm, which cut 35 lawyers in January.
By Anthony Lin
6 minute read
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