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Weitz & Luxenberg Responds to Charges It Falsified Documents
THE LAW firm Weitz & Luxenberg yesterday accused asbestos industry lawyers of making "baseless" allegations as part of a "scorched earth" campaign against the firm and other prominent players in the asbestos plaintiffs` bar.
Firms Heed Wal-Mart's Call for Diversity Action
Firms have begun to respond to Wal-Mart's urgent call for diversity action. Almost all of Wal-Mart's 100 largest outside counsel have submitted slates in response to Wal-Mart's requests for three to five potential relationship partners, which are to include at least one minority and one woman. And firms are showing other "good faith" pro-diversity efforts, such as pitching in to assist a Future Latino Leaders Law Camp.
Clifford Chance's Revenues Fall in the Americas
It's been a tumultuous fiscal year for Clifford Chance, and the extent of the firm's financial troubles is clearer now with the release of its second annual report. Clifford Chance saw gross revenues fall by 5 percent, lost its status as the world's largest law firm by revenues -- a distinction that now goes to Linklaters -- and saw profits drop by a massive 37 percent. The new report shows the firm's revenues in New York, Sao Paulo and Washington D.C. slipped from $344.3 million to $265.19 million.Private Equity Helps Fuel IP Wars
Like hungry wolves roving through the financial forest, private equity and hedge funds are always looking for fresh meat, or rather, new investment opportunities. Over the last few months, they've been feasting on patents, say attorneys working in the field. And already, the involvement of these investment vehicles in the IP sphere has fueled arguments in patent litigation.Malpractice Suit Ruled Not 'Core' to Chapter 11
The former partners of defunct New York law firm Hall Dickler are facing a legal malpractice suit for failing to advise a company to file for bankruptcy earlier than it did. John R. Sachs of Epstein, Becker & Green, who represents the Hall Dickler defendants, said the case could allow a federal court to consider the question of whether lawyers can be held liable for advising on transactions that worsen a bankruptcy situation.
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