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How Eversheds Became Tyco's Firm of Choice in Europe
When Tyco International named Eversheds its adviser of choice for Europe, the Middle East and Africa, the American security and fire business slashed its legal advisers for day-to-day matters in the region, such as commercial contracts and intellectual property, from around 250 to one. It handed the U.K. firm a two-year mandate estimated to be worth more than $20 million in total. Eversheds' innovative pitch to Tyco represents a model tailor-made for midmarket firms with a strong international presence.Opening Statements: United Kingdom
Only a short grace period remains for foreign companies with operations in Britain to get their houses in order before a tough new Bribery Act goes into effect that is even more far-reaching than its U.S. equivalent, the Foreign Corrupt Practices Act.Vinson & Elkins Scores on Trio of Energy Transactions
Cash bonus for GCs storms back
Want to know the secret of becoming a general counsel who's able to afford the best in life? Hint: Good lawyering is only part of it.Norton Rose Partner Takes Lloyds TSB Top Role
Norton Rose corporate partner Margaret Coltman has scooped one of the most coveted in-house legal positions in the U.K., taking the combined role of general counsel and company secretary at Lloyds TSB. Coltman will fill the roles left vacant by veteran general counsel Geoffrey Johnson and company secretary Alistair Michie. Coltman, who joined Norton Rose three decades ago and became a partner at the firm in 1986, will take on both roles and lead the bank's legal team of more than 60 lawyers.Medicare billing loophole let nursing homes net $2.1 billion
Nursing homes collected $2.1 billion in added Medicare payments in the first half of this year, an unintended side-effect to a rule change that aimed to clamp down on overbilling, according to a U.S. report.Landlords limit freebies as apartment vacancy falls to 6%
Rent increases replaced landlord giveaways as apartment vacancies dropped in the second quarter to the lowest in more than three years, bolstered by rising demand on the West Coast, according to Reis Inc.Judge Awards Shareholder $5 Million Over Business Dispute
A Philadelphia Common Pleas judge has awarded nearly $5 million in damages to a shareholder of two corporations who sued his former business partner alleging breach of fiduciary duty and diversion of corporate opportunity, among other claims. The shareholder was awarded the money in part for revenue lost after his partner allegedly froze him out of both of the medical device companies they had co-founded and continued to profit from a number of variations on the concepts of those original companies.Trending Stories
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