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Australian Firms Building Bridges to China, via London
Recently regarded as regional also-rans next to U.S. and U.K. global players, Australian firms have been raising their profiles in the past year. They could aggressively expand in Asia's biggest markets, but that would mean going toe-to-toe with wealthier U.S. and U.K. firms that have already made large investments in offices and practices in the region, not to mention rising local firms. Teaming up with global firms may be their ticket in, but would their loss of independence be too high a price to pay?Pfizer Litigators Endure Beast of a Beauty Contest
Pfizer Inc. summoned lawyers to a New York ballroom last year for a sort of beauty contest, giving 103 firms the chance to compete for 20 coveted spots as preferred litigation providers. The process ultimately involved two consultants, featured a 50-page Request For Information and stretched on for nine months. One law firm partner, echoing others' sentiments, would later call the selection experience "the most painful ever." Now Pfizer is using the same process to select labor and employment counsel.Getting Fired: Don't Deal With the In-House Counsel and Deal With It Publicly?
Heaven forbid, IF you get fired, don't talk with the in-house counsel and deal with it in a public manner? Uh oh, that's not what an in-house lawyer wants to hear ...Bingham McCutchen to Adopt 'Merit Lockstep' System
Bingham McCutchen has joined the ranks of firms that are tweaking their compensation systems, saying Monday it is moving to a "merit lockstep" system that will keep base pay on lockstep but introduce a merit component into bonuses. A memo first reported on the blog Above the Law said that while the firm is not abandoning lockstep, it is "keenly aware of current marketplace conditions" and believes that "to maintain our continued success, we need to incorporate a merit component into our overall lockstep structure."Trending Stories
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