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Bankers warn recovery shouldn't delay reform
Central bankers warned that a global economic recovery shouldn't delay an overhaul of financial-market regulations following the worst banking crisis since World War II.Federal Reserve Chairman Ben S. Bernanke used a weekend Fed symposium to single out the creation of rules limiting risk as one of the "difficult challenges" ahead.Casualties in Latest BigLaw Layoffs?: 23 Lawyers, 80 Staffers, and a Hefty Paycut for Many
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Firm Pay Hikes in U.S. Have Ripple Effect in London
The recent salary increases for new associates in the United States may be having a ripple effect across the Atlantic Ocean. "We felt this year it was the right thing to do to be more in line with what we pay in the U.S.," says Weil Gotshal partner Michael Francies, whose London office recently boosted pay for newly qualified lawyers to the equivalent of more than $179,000 in U.S. dollars. Law firms cite cost of living and an attempt to embody their global images as reasons for raising salaries.Lobbying Disclosure Act Is Ruled Unconstitutional
The Commonwealth Court has ruled that the Lobbying Disclosure Act, signed by Gov. Tom Ridge in October 1998, is unconstitutional because it attempts to regulate the "practice of law."China can't afford the risk of turning Japanese
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