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'NLJ 250' Shows Strong Law Firm Growth Continuing
The 250 largest law firms in the U.S. grew by 4 percent in 2006, a figure that was just shy of the prior year's gains, according to The National Law Journal's 29th annual survey. The results indicate a "healthy legal economy" spurred by strong mergers and acquisitions activity and big-ticket litigation, said one law firm consultant. And while law firms used to base their mergers on geography and size for size's sake, they now take a much more strategic approach, said another consultant.Problems With the Patent System: Nothing Cash Can't Cure
A new patent reform bill was introduced in Congress on April 18, and the lobbyists are circling. Some points receive nearly unanimous support -- the Patent and Trademark Office is overburdened, and it's time for America to dump its unique first-to-invent system for the first-to-file system common in the rest of the world -- but others are the subject of hot debate. High-tech companies are spending more than ever to convince legislators that change is good, but what's really needed depends on who you ask.An AIG subsidiary and its lawyers at Quinn Emanuel claim that Travelers is using a shell company to make arguments that it couldn't make on its own in order to escape liability for a $21 million settlement for a Boston tunnel collapse.
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