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Major U.K. Firms Cut Back Profit Payouts Amid Tough Markets
A growing number of U.K. firms are either holding back or reducing partner profit distributions as a result of the recession. Pinsent Masons and DLA Piper have both withheld profit distributions in recent months. Pinsent has withheld its last two quarterly profit distributions, with the firm attributing the "profits distribution holiday" to a series of management responses to the recession. DLA held back its August distribution firmwide and has yet to decide on its next payment, due in November.A Scandal They Couldn't Wave Away
News Corp.'s second probe into phone hacking has yielded results very different from those of the first.
England Poised To Reform Legal Market
A draft bill that is expected to pass next year would allow public ownership of firms. U.S. firms with London operations are trying to assess how the measure would affect the leading U.K. firms that are their competition.French Firm to Beef Up Presence in U.S. Markets
Paris-based Gide Loyrette has hired its first two American lawyers to staff its New York office, starting the push into North America's financial markets.BBC Says Restructuring Likely to Spare Legal Team
The BBC's 100-strong legal team looks set to escape cuts in the broadcasting giant's controversial restructuring, it was stated Friday. The corporation had issued a statement on Thursday that it expected to shed 75 jobs from its professional services arm, which includes the legal team. However, a BBC spokesman on Friday said that it was unlikely that the corporation's legal staff would be affected by the restructuring. He added: "The legal team is not anticipating any changes."Law Firms Raise $800,000 So Far to Aid South Asians
New York lawyers are making sizable contributions to the worldwide tsunami disaster relief effort.
Larry Ellison's War Means Pricey Work for Elite Law Firms
Fending off Larry Ellison is not easy. Or cheap. PeopleSoft Inc. has disclosed that the cost of defending itself against Oracle Corp.'s hostile takeover bid for the first three months of the year was $12.8 million -- $55 million to date. A good part of the expenditure is flowing to elite law firms -- which doesn't surprise legal consultant Peter Zeughauser, who says that in a bet-the-company case like this, you want the best legal team money can buy.Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
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