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Appeals Court Upholds Coverage of Loss from Armored Car Company Theft
An appellate court in New York has affirmed a trial court’s decision in favor of an insured, finding that its insurance carrier was obligated to…ABCO Premium Fin., LLC v. Am. Int'l Grp., Inc.
Click Here for FC&S Legal Expert Analysis ABCO Premium Fin., LLCv.Am. Int'l Grp., Inc.518 Fed.Appx. 601This case was not selected for publication…Retroactive Date Rider Excludes Coverage for Loss from Insurance Broker’s Alleged Fraud
The U.S. Court of Appeals for the Eleventh Circuit has affirmed a district court’s decision that a retroactive date rider in a financial institution…Lateral Hiring Red Hot at Large Firms
Lateral hiring at large firms in Texas was smoking hot in 2011, with 20 of the 25 largest firms in Texas hiring 46.8 percent more laterals than in 2010, according to data collected in Texas Lawyer 's annual Lateral Moves Survey. That robust increase in 2011 is considerably higher than the 10.3 percent rise posted in 2010.Strasburger Joining with Oppenheimer, Blend, Harrison and Tate
Strasburger & Price will soon beef up in the Alamo City by combining with Oppenheimer, Blend, Harrison and Tate of San Antonio. Dan Butcher, managing partner of the 186-lawyer Strasburger, says his firm initially was interested in Oppenheimer, Blend's estate planning practice, because Strasburger has a number of wealthy clients from Mexico.Jackpot! During Associate Bonus Season, Andrews Kurth Takes Out Its Wallet Twice
Andrews Kurth paid year-end bonuses of up to $100,000 to some of its associates in December 2010. But the firm paid associates an extra $1,000 to $20,000 at year end, because 2010 was such a good year for the firm. Managing partner Bob Jewell (pictured) says the extra bonuses, unlike regular year-end bonuses, were based solely on productivity.Greener Pastures: Greater Job Security, More Deals Lead to Lateral Hiring Growth
At the Texas offices of 19 of the 26 largest firms in the state, lateral hiring rose 10.3 percent in 2010 compared to lateral hires made by the same firms in 2009. Kevin Lashus (pictured) is a Texas lawyer who seized an opportunity in 2010 to move to a new firm where he believes his practice will grow because of cross-selling.Bonus Amounts, Factors Shift For Associates
Associate bonus amounts for work done in 2009 dropped like rocks at many large Texas firms. Additionally, at some firms the factors used to determine those bonuses became more subjective. Management for at least five large firms in Texas adopted a new system to calculate associate bonuses for 2009, changing longstanding policies of rewarding lawyers simply for meeting billable-hours targets and instead relying on more discretionary, subjective evaluations of associates.Trending Stories
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