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November 02, 2007 | Law.com

Brokerage Houses Face 'Sweep' Suits

Some major brokerage houses are facing proposed class actions for sweeping uninvested brokerage account money into low-interest accounts at affiliated banks and using the funds to allegedly earn money for the companies while paying lower interest to the sweep-account holders. The "sweep suits" have been filed in federal court in New York and Colorado. Sweeping has become a huge source of revenue for brokerage firms, but a plaintiffs lawyer on the New York cases says the practice is "not defendible."
3 minute read
April 22, 2003 | New York Law Journal

3 minute read
June 25, 2003 | Law.com

If I Had a Hammer

Summer program activities at major law firms have a certain predictability -- baseball games, sailing trips, dinners and the like. But for firms willing to donate time, money and sweat, there's Buildable Hours. Associated with Habitat for Humanity, Buildable Hours is an alternative to the usual summer activities -- and a way to make a lasting contribution to the community by constructing new homes for families in need.
7 minute read
March 01, 2000 | Law.com

Chain Reaction

The new associate compensation packages could cost firms tens of millions of dollars more than they expected to pay associates. This may be fine for the Silicon Valley firms, with high-tech clients willing to pay almost anything for name-brand firms, and for the New York M&A firms where partners take home upwards of a million dollars a year. But what about the firms that aren't wallowing in dough?
7 minute read
November 19, 2007 | Law.com

National Rankings

19 minute read
August 23, 2007 | Law.com

Some Law Firms Keep the Lid on Partner Pay Info

As law firms expand, they tend to go more corporate. Yet despite the race for talent and push for higher profits per partner, the majority of firms use open compensation systems rooted in a bygone era when law was more a gentleman's profession and less a cutthroat business. And leaders of closed-system firms say knowing about the books fractures relationships and produces rifts within a partnership that show that not all owners are equal. Is the open pay system used by most firms an antiquated relic?
8 minute read
October 28, 2002 | National Law Journal

A-Z chart

8 minute read
June 25, 2009 | New York Law Journal

Newsbriefs

8 minute read
October 19, 2009 | Law.com

In Blockbuster Ruling, Ala. Supreme Court Overturns Pricing Fraud Verdicts Against Drug Companies

Shifting the momentum in the multistate litigation over average wholesale pricing for pharmaceuticals, Alabama's Supreme Court, in an opinion that details the 30-year history of state and national drug pricing policy, ruled Friday there was no basis for the state's fraud claims against three drug companies appealing adverse jury verdicts. The ruling wipes out verdicts of $33 million against Novartis, $81 million against GlaxoSmithKline, and $215 million (reduced post-trial to $160 million) against AstraZeneca.
4 minute read
August 01, 2013 | Corporate Counsel

Deals & Suits

13 minute read

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