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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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Defaults Scheduled for Review by the Disciplinary Review Board
With 9-2 Ruling, Circuit Narrows Scope of Computer Fraud and Abuse Act
Chief Judge Alex Kozinski peppered his majority opinion with colorful hypotheticals to make point that violations of workplace computer policies or website use agreements shouldn't be criminalized.Bear Stearns Chief Faces Deposition in Alleged Fraud Case
A New York federal judge ruled Bear Stearns & Co. Inc. Chairman Alan C. Greenberg can be deposed to learn whether he had any knowledge about an introducing broker who allegedly defrauded hundreds of investors in the Middle East. Ahmad Ihsan el-Daouk allegedly used accounts at Bear Stearns and Lehman Brothers Inc. to execute a complex $100 million fraud scheme involving as many as 260 investors.Real estate and finance podcast for Jan. 20
Reporter Eric Kalis recaps some of the biggest stories and transactions we reported on in his two-minute podcast, while also giving you a preview of what we have in store for you coming up in the DBR.Trending Stories
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