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British Firms Ponder Korea Without Koreans
Herbert Smith is sending two non-Korean partners to lead its Seoul office, highlighting the demographic and regulatory challenge British firms face in the newly-opened market.Recruiter loses bid to collect merger fee from Blank Rome
A Manhattan judge has rejected a legal recruiter's attempt to collect a merger fee from Blank Rome, which rejected the recruiter's proposed combination with a small New York firm but later completed the deal with the help of a different search firm. The e-mail exchange between Mark Bruce International and Blank Rome did not constitute an enforceable contract because the parties had not agreed on the terms of a fee, Supreme Court Justice Herman Cahn ruled.Recruiter Loses Bid to Collect Merger Fee From Blank Rome
An e-mail exchange between recruiting firm Mark Bruce International and Philadelphia law firm Blank Rome about a proposed combination with New York's Healy & Baillie--a merger that was later completed with the help of a different search firm--did not constitute an enforceable contract because the parties had not agreed on the terms of a fee, Supreme Court Justice Herman Cahn has ruled.Korean legal services set to open up
South Korea remains one of the last countries in Asia to liberalize its legal services market. Foreign law firms are prohibited from establishing offices in Korea and lawyers with foreign licenses are not officially allowed to practice foreign law. Although there are 400 foreign attorneys employed as foreign legal consultants, they aren't allowed to work independently and aren't formally recognized. But the landscape may be about to change.Bankruptcy Roundup: Goody's, Smitty's, Twinkies, and More
While the global economy continues its path towards destruction, bankruptcy lawyers are boosting their billable hours.Arbitration at Arm's Length: Are U.S. Firms Missing an Opportunity in Asia?
International arbitration seems set to be a growth practice in Asia. But where are the Americans?Arbitration at Arm's Length: Are U.S. Firms Missing an Opportunity in Asia?
Asian arbitration is a growth industry. Yet American arbitration lawyers are scarce on the ground in Asia. Of the 10 firms that handled the most large arbitrations in 2009-2010, four have no arbitration partners based in Asia-Pacific countries. Other top-ranked firms have only a handful. Are U.S. firms missing out on an opportunity?Trending Stories
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