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Consumer financial agency files first civil enforcement action in court
The Consumer Financial Protection Bureau has filed its first ever civil enforcement action in federal court, charging a Los Angeles law firm of duping distressed homeowners into paying high upfront fees with false promises of a loan modification.The Rise of the Homeland Security Practice
The 9/11 attacks gave rise to a new world in Washington, D.C.: the homeland security practice. Now scores of lawyers and lobbyists are fine-tuning their young practices at some of the top firms in town. Many say they're motivated by a desire to protect and secure the nation, but money is not a bad incentive either, with billions being spent. But entering this line of work is anything but simple, as it often involves the nuances of regulation and compliance law versus contract acquisition and appropriations.The Churn: Lateral Moves and Promotions in The Am Law 200
Law Firms Eye Attorneys Departing From CFPB
The revolving door makes the Washington legal market go round and, lately, it's starting to spin faster between the new Consumer Financial Protection Bureau and law firms eager to snap up talent.The Churn: Lateral Moves and Promotions in The Am Law 200
FDIC's New Power to Dissolve Companies Raises Concerns
A narrow hole, but very, very deep. That's the image one leading bankruptcy lawyer used to describe the Federal Deposit Insurance Corp.'s new power to take over and liquidate nonbank companies whose failure would jeopardize the financial system.Cadwalader slashed rates for Treasury work
Cadwalader, Wickersham & Taft steeply discounted its billing rates for work on behalf of the U.S. Treasury Department related to the Troubled Assets Relief Program.Survey: Help Desk Pivotal to IT Success
Sometimes the cutting remark from IT support can blunt its cutting-edge technology. Every year law firms spend millions of dollars on hardware and software, but the size, organization, responsiveness and attitude of the help desk was often the make-or-break factor for associates.Trending Stories
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