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December 01, 2003 |

Model Behavior

Any formula that slices legal budgets is likely to seduce in-house counsel, particularly when company higher-ups are looking to trim the bottom line. And outsourcing -- diverting legal work to companies other than law firms -- is exploding in popularity among corporate counsel, led by chemical-producing giant DuPont's so-called Legal Model. It's a seductive idea, but some say it's far from risk-free.
9 minute read
August 10, 2006 |

England Poised to Reform Legal Market

Picture lawyers idling away potentially billable hours tracking their firm's stock price rather than poring over their firm's PPP rankings or the results of the latest associate-satisfaction survey rankings. Sound far-fetched? It may happen soon in England if a draft bill that would allow outside investment in law firms and let firms go public makes it into law. And although the bill hasn't yet been the focus of too much hand-wringing in the United States, it is "on the radar screen," says one consultant.
7 minute read
December 10, 2002 |

International Firms See More at Stake in New York Offices

Manning the New York office of a foreign law firm was once a plum short-term assignment for up-and-comers back in Sydney or Sao Paolo. Like the formerly ubiquitous Fifth Avenue offices of international airlines, such law firm offices were often more about displaying flags than generating business. But, in recent years, as the assignment has become more pressured, firms are sending seasoned partners who intend to stay for the long haul.
6 minute read
May 20, 2004 |

Raises in London May Foretell Genteel Pay War

A law firm salary war could be brewing. Linklaters has raised eyebrows in the British legal community by boosting salaries for newly qualified lawyers -- the equivalent of American first-year associates -- to �51,000, or about $88,000. The Linklaters partner in charge of recruitment called the raise an expression of confidence that market conditions were improving, and said he expected other Magic Circle firms would match the new figure.
3 minute read
April 03, 2001 |

Antitrust Action Moves to Europe

American companies set on sabotaging a domestic competitor's merger are increasingly turning to lobbying European Union regulators as a back-door way to delay approval, impose conditions, or block a rival's deal outright. With conservatives Charles James and Timothy Muris poised to take the helm of U.S. antitrust policy, aggressive EU appeals could grow more common in the years to come.
7 minute read
December 04, 2007 |

International Firms Gaining Ground in Italy

With Latham & Watkins' recent launch of an Italian law practice, the firm scored its first Italian-qualified lawyers, a Rome office, and a boost to its Milan office, previously home to just a handful of associates. Latham's coup, and a recent Italian hiring spree by Linklaters, may be the early signs that U.S. and U.K. firms are succeeding in a market in which international firms have always had a hard time finding a foothold.
3 minute read
December 01, 2008 |

Mission Critical

The British government dropped a bribery probe of BAE, but U.S. prosecutors picked it up. In the meantime, BAE's GC cleaned up its act-enough to fend off an indictment?
16 minute read
December 09, 2003 |

Claim Proceeds Against Weil, Gotshal & Manges

A Manhattan Supreme Court judge has dismissed a legal malpractice claim against Weil, Gotshal & Manges but permitted a claim for breach of fiduciary duty to go forward. The principals of Fashion Boutique of Short Hills Inc. had charged that Weil Gotshal had been conflicted in representing them in a suit against Fendi USA Inc. because the firm also represented Prada USA, which acquired a substantial interest in Fendi during the representation.
5 minute read
June 01, 2003 |

A Dangerous Thing

5 minute read
June 21, 2000 |

International Law Firms Eye Deutschland

In the latest of a growing number of law firm mergers in Germany, one of that country's largest firms, Bruckhaus Westrick Heller Lober, based in Dusseldorf, merged with London's Freshfields. The new firm will be 1,850-lawyers strong, with offices in 19 countries. The Freshfields move marked at least the fifth time this year that a German firm has participated in an international merger.
3 minute read

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