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Hurricane Katrina: The Emerging Jurisprudence
Hurricane Katrina was responsible for taking more than 1836 lives and causing over $81.2 billion in damages -- making it the most expensive natural disaster in U.S. history. So far, the insurance industry has paid over $40 billion in connection with Hurricane Katrina claims, and reports indicate that there are well over 1100 pending lawsuits. Attorneys Lynn K. Neuner and Hayley Urkevich discuss five decisions that provide an insightful overview of the emerging jurisprudence surrounding Hurricane Katrina.Lessons From a Large-Firm Partner Who Set Up His Own Shop
Many partners in large firms dream of chucking it all and setting up their own practice. However, many also fear that they need their firm's name recognition and resources. Mark Zimmett took the plunge more than 15 years ago, leaving Shearman & Sterling to hang his own shingle in New York. And he's lived to tell his tale. Zimmett says that with today's advances in legal technology and his donning of many hats, his four-attorney firm is able to take on the cases many associate with big firms.N.Y. Ruling Raises Public Education Standard
The New York Court of Appeals Thursday raised the bar in educational standards, holding for the first time that New Yorkers are constitutionally entitled to the equivalent of a meaningful high school education.Vulture funds seeking to collect more than $550 million in bond default judgments against the Republic of Argentina are closer than ever to sinking their talons into frozen Argentine pension assets. In a 40-page opinion, Manhattan federal district court judge Thomas Griesa ruled last week that funds held in the U.S. for Argentine pensioners can be used to satisfy the vulture funds' previously-obtained judgment against the country.
Most of the world's most powerful private equity firms must face an investor class action alleging that they conspired to drive down buy-out prices for publicly traded companies, a federal judge in Boston ruled Thursday.
Many of the Fairfield defendants argued in a motion to dismiss that they were also duped by Bernie Madoff, and lost money of their own. But Judge Victor Marrero found the feeder funds' fees may well have led Fairfield to "turn a blind eye" to Madoff's Ponzi scheme.
No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.Trending Stories
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2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates
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