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Cash bonus for GCs storms back
Want to know the secret of becoming a general counsel who's able to afford the best in life? Hint: Good lawyering is only part of it.Norton Rose Partner Takes Lloyds TSB Top Role
Norton Rose corporate partner Margaret Coltman has scooped one of the most coveted in-house legal positions in the U.K., taking the combined role of general counsel and company secretary at Lloyds TSB. Coltman will fill the roles left vacant by veteran general counsel Geoffrey Johnson and company secretary Alistair Michie. Coltman, who joined Norton Rose three decades ago and became a partner at the firm in 1986, will take on both roles and lead the bank's legal team of more than 60 lawyers.Medicare billing loophole let nursing homes net $2.1 billion
Nursing homes collected $2.1 billion in added Medicare payments in the first half of this year, an unintended side-effect to a rule change that aimed to clamp down on overbilling, according to a U.S. report.Landlords limit freebies as apartment vacancy falls to 6%
Rent increases replaced landlord giveaways as apartment vacancies dropped in the second quarter to the lowest in more than three years, bolstered by rising demand on the West Coast, according to Reis Inc.Judge Awards Shareholder $5 Million Over Business Dispute
A Philadelphia Common Pleas judge has awarded nearly $5 million in damages to a shareholder of two corporations who sued his former business partner alleging breach of fiduciary duty and diversion of corporate opportunity, among other claims. The shareholder was awarded the money in part for revenue lost after his partner allegedly froze him out of both of the medical device companies they had co-founded and continued to profit from a number of variations on the concepts of those original companies.What's Hot in the Legal Profession Today
In the midst of all the changes occurring ? or at least being talked about ? in the legal profession today, many people forget that two of the basic principles that successful firms have always followed have not changed:U.S. Firms Targeting U.K. Mergers as Battle Heats Up
U.S. firms operating in London are increasingly willing to explore a U.K. merger, with nearly half now open to a tie-up; while the number looking to increase their headcount organically in the city has fallen.Trending Stories
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