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Partner departures take new meaning
CITIGROUP PRIVATE BANK, one of the country's leading law firm lenders, used to pay close attention to a metric that it called "partner defections." Stability in a firm's partnership was considered a hallmark of success, says Danilo DiPietro, client head of the bank's law firm group. High rates of partner departures, he adds, were "an absolute red flag.Just When You Thought It Was Safe. . .
While the English have continued to hire American lawyers in both London and New York--particularly securities and project finance specialists--they haven't stolen a noticeable slice of American firms' securities pie, let alone eaten their lunch. But are the Brits content to nibble away at the margins, or will they claim a bigger market share now that they have heavily recruited U.S. law teams.Diversity Scorecard 2010 Ethnic Breakdown - Firms With the Highest Percentages & Numbers
3rd Circuit Rejects Black Smokers' Civil Rights Suit Against Big Tobacco
Big Tobacco scored another significant win Thursday when a divided 3rd U.S. Circuit Court of Appeals court refused to revive a proposed class action civil rights suit brought by African-American smokers who say they were targeted in an aggressive marketing campaign. In Brown v. Philip Morris, the smokers claimed they were never warned of the increased health risks of mentholated cigarettes.Trending Stories
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