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Baker Botts Opens Beijing Office
Expanding its presence in the hot China market, Baker Botts opened the doors to its new office in Beijing on Thursday, the second Asian office for the Houston-based firm. Partner Libin Zhang will be the resident partner in Beijing; partner John Kuzmik, head of the firm's China practice, expects the office to grow to as many as five lawyers by the end of the year. The 731-lawyer firm opened an office in Hong Kong in 2005.Enron Probe Examines Firms' Roles
R. Neal Batson, the court-appointed examiner investigating the exotic financing schemes that contributed to Enron Corp.'s bankruptcy, publicly released his much-anticipated second report on March 5. Batson's first installment, released in September 2002, examined a handful of structured finance deals. The 160-page document also raised questions about legal opinions furnished in those deals to Enron and some of its banks by several major law firms.Judge reverses $457 million ruling against forestry giant
A FEDERAL JUDGE in Atlanta has reversed a $457 million judgment against one of the world's largest forest product companies, saying that the Georgia bankruptcy judge who ruled against the Weyerhaeuser Co. liable was wrong.In a 37-page order released Sept. 26, U.S. District Judge Julie E. Carnes said that U.S. Bankruptcy Judge Margaret H.Associate Bonuses Still Booming, Despite Salary Increase
Although year-end associate bonuses were a little smaller than usual in 2006 at Susman Godfrey, the firm still paid as much as $120,000 in bonus money. "If they aren't pleased, they should check into a mental institution," partner Stephen Susman says of his firm's associates. While many associates took home larger paychecks in 2006 due to new, higher salary scales, a number of firms paid healthy year-end bonuses based not only on billable hours, but also pro bono, business development and civic work.Trending Stories
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