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FTC, DOJ Profit From Rise in Antitrust Fees
Antitrust filing fees paid by merging companies rose in the past two months, reversing a decline in collections caused by revisions to the Hart-Scott-Rodino Antitrust Improvements Act and a drop in mergers and acquisitions activity. The rebound in fees could not come at a better time for the Federal Trade Commission and the Department of Justice's antitrust division, both indirectly funded by HSR collections.
Washington Kept Outside the Magic Circle
Like their colonialist ancestors, the U.K.'s Magic Circle firms have spread around the world, jointly employing more than 10,000 lawyers and grossing more than $5 billion last year. But the London giants are struggling to figure out the U.S. market. Emblematic of the struggle is that, while most of the big London firms have New York offices, only Freshfields and Clifford Chance have ventured into Washington, despite the District's reputation as a lawyer's paradise. One has to wonder: What's wrong with D.C.?
For This Pair, $520 Million in Vindication
When Charles Kulas and Charles Krueger drafted the University of California's patent covering Web browser technology, it was just another in a long list of legal assignments. Eight years later, the seemingly innocuous patent had become the centerpiece of an expensive scuffle pitting the University of California and its exclusive patent licensee Eolas Technologies Inc. against Microsoft Corp. And for Kulas and Krueger, it was a test of how well they had done their work.1st Circuit Upholds $13 Million Drug Pricing Ruling Against AstraZeneca
A 1st District panel has upheld a district court ruling that requires AstraZeneca -- the lone remaining defendant in a multidistrict class action over alleged artificial inflation of the average wholesale price index for pharmaceuticals -- to pay $13 million to a test-case class of Massachusetts-only third-party payers. That's bad news for AstraZeneca, considering that the district court ruling applied to a test class and will presumably reverberate through the broader class action against the drug company.Paying a Premium for Law Firm Malpractice Insurance
Professional liability insurance rates for attorneys at large firms are likely to rise anywhere from 35 percent to as much as 75 percent in the next year, experts say. But while some of the increase may be due to claims against lawyers in corporate scandals such as the one involving Enron Corp., rising malpractice insurance rates have deeper roots as well.
Court Signals No End to Racial Preferences
The U.S. Supreme Court embraced the concept of affirmative action in university admissions Monday. Writing for the 5-4 majority in Grutter v. Bollinger, Justice Sandra Day O'Connor said the Court, in upholding the University of Michigan Law School policy, agreed that school diversity is a "compelling state interest" that can justify such use of race within certain limits. In a separate 6-3 opinion, the Court struck down Michigan's undergraduate admissions program as "not narrowly tailored."U.S. Law Firms Cautious Over China's Entry Into WTO
China's entry into the World Trade Organization has many U.S. companies rubbing their hands in anticipation over the business opportunities they expect to be created by sweeping reforms of the country's legal and regulatory systems. Law firms, however, are more circumspect. China subjects foreign law firms to a raft of restrictions, only one of which is to be lifted under the WTO agreement.Trending Stories
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- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
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