0 results for 'Mayer Brown'
Plan Now to Manage Fracturing Risk
Opponents of hydrocarbon development have been doing a good job of linking hydraulic fracturing to every alleged environmental problem in oil and gas production areas, as well as questioning the extent of shale reserves, write Frank Perrone, Roger Patrick and Andrew J. Stanger.Law Firms Promote Fewer Senior Associates to Partnership
Fewer associates are winning promotion to partnership this year, a trend industry experts say is a result of the economic downturn. This month, Cleary Gottlieb Steen & Hamilton elected four new partners firmwide, half as many as in 2008, while Latham & Watkins cut its firmwide promotions 25 percent to 23. Consultants say the trend likely is a reflection of the financial condition law firms have found themselves in, with demand for legal services down and profits falling.Justices to Consider a Border Battle Over Lawsuits
The U.S. Supreme Court today will hear arguments in a "foreign-cubed" securities class action suit -- the latest legal nemesis that keeps lawyers for companies ranging from Toyota to Vivendi up at night. Foreign companies and countries have flooded the Court with amicus briefs, signaling the importance of the case worldwide. And the case, Morrison v. National Australia Bank, comes to a Court that has grown increasingly skeptical about U.S. courts exerting extraterritorial jurisdiction.Plaintiffs lawyers at Scott + Scott finally hit a snag this week in a series of lawsuits against the trustees for hundreds of millions of dollars in mortgage-backed securities.
The high court ostensibly addressed only f-cubed securities claims in its landmark Morrison v. NAB opinion. But defendants--and judges--are finding the ruling extends beyond those limits.
Does the Supreme Court's ruling in Concepcion mean that the business world's love affair with arbitration should trump all other considerations, even basic notions of fairness? I sure hope not. The justices may have a chance to revisit the issue, given a recent and public split in the Second Circuit in a case involving American Express.
Law Firms Promote Fewer Senior Associates to Partnership
Fewer associates are winning promotion to partnership this year, a trend industry experts say is a result of the economic downturn. This month, Cleary Gottlieb Steen & Hamilton elected four new partners firmwide, half as many as in 2008, while Latham & Watkins cut its firmwide promotions 25 percent to 23. Consultants say the trend likely is a reflection of the financial condition law firms have found themselves in, with demand for legal services down and profits falling.Trending Stories
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