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Daily Decision Service Alert: Vol. 18, No. 165 - August 26 2009
Daily decision alert.Confidence dips at U.K. firms as credit squeeze hits, but partners predict growth
The summer's credit market turmoil has put a noticeable dent in business confidence at the top U.K. law firms, but a clear majority of partners believe their businesses will maintain robust growth. Results of a quarterly business confidence poll show that the aftermath of the credit squeeze has left partners tentative over sustained deal flow, with those expecting growth of any kind dropping by 12 percent.States Cap Nursing Home Damages
Cherie Song [email protected] State legislatures across the nation are moving to cap damage awards in suits against nursing homes in an attempt to cut healthcare costs and tackle what they perceive as "runaway verdicts."In the past year, lawmakers in nearly a dozen states have introduced legislation to limit noneconomic damages in nursing home suits.MegaFirm Lays Off Associates, More Axings On the Way
Hogan Lovells is to make three associates in its London tax practice redundant following a consultation that started in November last year.Bonus Earns Slaughter and May Top Spot in U.K. Associate Survey
Slaughter and May has emerged as the U.K. firm with the most satisfied associates when it comes to salaries and bonuses, according to Legal Week research. Slaughter associates have put the firm at the top of a table grading firms on their combined remuneration packages. The rankings form part of Legal Week Intelligence's 2009 Employee Satisfaction Survey, which gauged the perceptions of more than 4,000 associates at the top 75 law firms in England and Wales and the top 10 U.S. firms in London.Daily Decision Service Alert: Vol. 18, No. 133 - July 13, 2009
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