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Suit Challenges CFPB Authority Over Legal-Services Industry
In the latest constitutional challenge against the Consumer Financial Protection Bureau, the agency was accused today of overstepping its authority by attempting to regulate the practice of law and collect personal financial data.Pace of new firm offices is brisk
Despite the economic downturn in 2008, law firms have opened new offices at a brisk pace so far this year. Dozens of law firms have planted flags on the West Coast, in the Midwest and the South during the first half of 2008, with a noticeable absence of expansion on the East Coast. Much of the growth has come from large law firms looking to fill in the gaps of their service coverage.Corporate Attorneys Mull Meaning of Indictment
Reform Eyed for Landmark Drug Law
The Hatch-Waxman Act, a 1984 law that transformed the pharmaceutical industry, is out of date. Just as lawmakers are thinking of making changes to it, the makers of both brand-name and generic drugs are trying to solve a complicated political equation involving election-year politics and the political backlash against health care costs to decide if revisiting the Hatch-Waxman Act is in their best interests.Merck Continues Its Streak as Jury Finds No Cause in N.J. Fosamax Case
Merck & Co. Inc. chalked up its fifth straight trial victory in the massive Fosamax litigation with a verdict in New Jersey Superior Court.The Billable Hour's Staying Power
As Abraham Lincoln once said, A lawyer's advice is his stock in trade. That short phrase has been repeated by attorneys throughout the years and is etched on brass plaques hanging in law firms worldwide.Corporate Attorneys Split on Whether Partner's Refco Indictment Is a Warning for Others
Has the indictment of Mayer Brown partner Joseph P. Collins sent "a chill down the spine" of transactional lawyers everywhere, as Collins' defense lawyer said it should? Reactions are mixed. While one corporate partner speculated that Collins "may just be a bad apple," another said the case would be watched closely in the darkening economic climate, adding, "When the economy takes a hit, there is a tendency to look for scapegoats to be taken out and shot."CFPB Chief Richard Cordray's Confirmation in Jeopardy
Richard Cordray has been called many things in recent weeks. Political pawn. Brilliant advocate. Anti-business zealot. Devoted public servant. Whether he'll ever be called director of the new Consumer Financial Protection Bureau is another matterTrending Stories
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