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Bad Year for N.Y. Law Firms Handling M&As
How bad a year was it for New York mergers and acquisitions lawyers? Just ask any lawyer not aboard for Pfizer's $61.3 billion acquisition of Sweden's Pharmacia, which accounted for almost 15 percent of the total value of announced U.S. merger activity in 2002. The dearth of U.S. deals even knocked New York firms off of the summit of the worldwide rankings.Another Hong Kong Office Closure
For a custom-made suit at less than what it would cost in New York or London, Hong Kong is the place to go. Some lawyers say that distinction applies to legal services as well. New York-based Cravath, Swaine & Moore does not do low-cost work -- which is why the firm plans to close its Hong Kong office. Cravath follows Dewey Ballantine, which recently announced plans to end its Hong Kong presence by month's end.JPMorgan Chase Wins Dismissal of Enron-Related Investors Suit
A federal judge has rebuffed JPMorgan Chase investors who alleged they bought shares in the company out of regard for its "integrity and financial discipline" during the time it was aiding and abetting the massive Enron fraud. Dismissing the investors' second amended complaint, Southern District of New York Judge Sidney H. Stein said that the plaintiffs had failed to sufficiently plead scienter on the bank's part regarding its alleged mischaracterization of transactions involving two Enron shell companies.Clifford Chance Memo Reveals Bonus Anxiety
Among the facts of large law firm life recounted in the now-famous Oct. 15 Clifford Chance associates' memo, the bleakest for managing partners may be that boom-year bonuses have not only survived the end of the boom, but have become an entrenched expectation and the overwhelming focus of associate unhappiness -- especially when they're perceived as possibly the only communication an associate may get about his or her status.The Score: Big East, NFL, and Dodgers All Come Calling for Covington
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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