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The Supreme Court of Canada has brought some clarity to "transfer pricing"—an accounting method in which a multinational company charges for the products, IP licenses, and various services that it provides to a foreign subsidiary. On Thursday, in a win for Glaxo Smith Kline and its lawyers at Osler, Hoskin & Harcourt, the court ruled unanimously that the Canadian government had to take into account more than just the market price of a product when assessing whether a company's transfer pricing was reasonable.
3rd Circuit Rejects Beryllium Medical Monitoring Cases
Mere exposure to beryllium is not enough to justify a claim for medical monitoring under Pennsylvania law, the 3rd U.S. Circuit Court of Appeals has ruled, because the hazardous effects of the metal are seen only in the small percentage of the population that is genetically predisposed to be sensitive.King & Spalding Ups Ante to Match Alston's Pay for First-Years
King & Spalding matched Alston & Bird's $15,000 increase in associate starting pay Wednesday, but made no mention of pay increases for senior associate classes. The raise brings first-year partner-track associates to $145,000, effective Jan. 1. Recruiters predict King & Spalding will go on to establish a pay scale with less compression or a more merit-based system, where pay for more senior associates is tied to performance. Another option, said one: Pay bigger bonuses to midlevel and senior associates.The courts have largely ground to a halt for the holidays, though there's still time for few more decisions in 2012 that could ensure a happy or gloomy New Year for the litigators involved. In the meantime, here are some of the biggest rulings we're looking forward to in 2013.
Court Backs Vexatious Challenge
A unanimous panel of the Ninth Circuit U.S. Court of Appeals has revived a suit against Chief Justice Ronald George over the constitutionality of California's vexatious litigant statute. The decision overturns U.S. District Judge Saundra Armstrong, who had tossed the case. The suit alleges the statute violates the First Amendment and equal protection and due process clauses.Duane Morris Enters Singapore Market, Has Plans for Vietnam
Duane Morris Chairman Sheldon Bonovitz is making good on his plan to grow the 600-attorney firm to over 1000 lawyers with offices across the globe.Bankruptcy Rates Top $1,000 Mark in 2008-09
A review of bankruptcy rates in Delaware and the Southern District of New York shows that a handful of U.S.-based partners at Am Law 200 firms have inched above the $1,000 rate barrier, making bankruptcy work as lucrative as it was plentiful in 2008 and 2009. Over a 12-month period ending August 2009, there were more than 13,000 billing rate entries submitted by law firms in the nation's two busiest bankruptcy courts, according to a new database compiled by ALM Media.Fastest-Growing Firms Ranked by Percent Increase in Pa. Attorneys
The following is a list of the fastest-growing law firms in Pennsylvania ranked by the percentage increase in number of attorneys as reported in the 2010 edition of PaLAW magazine.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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