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Cleary Set to Launch New Brazil Office
Cleary Gottlieb Steen & Hamilton on Friday announced its intentions to open an office in Sao Paulo, Brazil in 2011, subject to approval of Brazilian authorities. "Brazil is a significant part of our Latin America practice, which began over 50 years ago and includes more than 100 lawyers," Cleary managing partner Mark Walker said in a statement from the firm. The Brazil office will be managed by New York partner Juan Giraldez and Rome partner Francisco Cestero, both of whom will relocate to Sao Paulo.Spitzer's Vision Is Reflected in Every Detail of AG's Office
Law Students Emphasize Child Rearing, but Are Firms Listening?
As talk about work-life balance continues with questionable impact on the lives of attorneys at firms, more women are having babies while earning their J.D.s. "A huge advantage of law school is that your time flexibility is just incredible. I only have classes two days a week," says Catherine Tornabene, who is in her third year at Hastings College of the Law and has a 2-year-old son, Nathaniel. Indeed, law school administrators and students say such careful logic is driving a parent boom among students.FTC Loses Slam-Dunk Antitrust Case Against Maker of Medicine for Premature Babies
Lundbeck Inc. allegedly cornered the market on a medicine for premature babies with life-threatening heart defects, raising prices 1,300 percent. The Federal Trade Commission, with support from Minnesota, sued the company in Minneapolis federal court in December 2008, seeking the strongest civil antitrust penalties possible. All the elements were in place: the most sympathetic victims, clear-cut evidence of an astronomical price hike, no other drug treatment options. And yet, the government lost the case on every claim.Freshfields and Sidley Cases Demonstrate Challenge of Aging Partnerships
Two cases on either side of the Atlantic point to a key issue facing law firms: pressures caused by an aging partnership. Magic Circle firm Freshfields Bruckhaus Deringer emerged victorious in a dispute with a former partner over the reform of the firm's pension scheme. And Sidley Austin agreed to pay $27.5 million to 32 former partners who were demoted to counsel when in their 50s and 60s. There are clear distinctions between the cases, but they show the demographic time bomb at most U.K. and U.S. firms.Bingham McCutchen Builds on Merger Strategy
A series of mergers have brought Bingham McCutchen geographic diversity, a smart blend of practices and a seemingly unquenchable thirst for more. The firm seems blessedly free of some illusions: It's not Cravath, Swaine & Moore and doesn't aim to be. But its partners, and especially its leader, are determined to keep climbing the ladder. The goal, in Chairman Jay Zimmerman's words: "To become the best national firm in five to seven years." If they don't get there, it won't be for lack of trying.Licensing Agreements: How to Draft and Enforce Them
What are the business advantages and disadvantages to granting a license? D. Patrick O'Reilley of Finnegan, Henderson, Farabow, Garrett & Dunner and a panel of licensing experts discuss these issues and many more in law.com's ongoing online seminar "Licensing Agreements: How to Draft and Enforce Them."Big-firm Summer Associate Hiring Up
Flush with record profits, some of the country's largest law firms are hiring summer associates in record numbers. Take New York's Debevoise & Plimpton. It nearly doubled the size of its program this year, to 98 from 51. It's hardly alone. A number of large firms have summer associate classes of more than 160 students.Hogan and Lovells Partners Approve Merger
Partners at Hogan & Hartson and Lovells signed off on their megamerger in separate votes that ended at midnight on Monday. The move is one of the last big hurdles before the two firms officially set up shop, which is planned for May 1. "This is a great day for us," Hogan's chairman J. Warren Gorrell Jr. said Tuesday. In spite of the vote, the two firms still have several issues to work out, including overlapping offices and practice areas. The merged firm, with 2,500 lawyers, will be called Hogan Lovells.Trending Stories
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