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Inside Counsel

5 notable GCs in the news

GCs sound off on the IRS, horse racing, immigration reform and more
5 minute read

Inside Counsel

Using trial graphics to develop the theme of your case

When your trial counsel comes to you with a request to retain a trial graphics outfit, resist the temptation to dismiss the proposal out of hand.
9 minute read

Inside Counsel

Computer Sciences shells out $97.5 million to settle suit

Computer Sciences Corp. has agreed to fork over nearly $100 million to settle a shareholder lawsuit.
2 minute read

International Edition

High riser – Lloyd's of London GC on his meteoric rise to the top

It is probably fair to say that no one in their wildest dreams would think that within a decade of leaving university they would be on the five-man executive team of the world's most prestigious insurance market. Yet that is exactly what Sean McGovern has done. Having left university in Manchester with his law degree in 1992, McGovern spent four years at Clifford Chance (CC) where he specialised in securitisations. While there, he spent one year on secondment with NatWest Markets in London – again in securitisations – and decided from then on to work as an in-house lawyer in the financial services sector.
9 minute read

International Edition

Differences dissolved – the diminishing divide between local and global firms in CEE

The differences are dissolving. When the Berlin Wall fell, Europe's western and eastern halves barely knew each other and doing business across this divide was problematic. Today, eastern Europe's EU members have relatively harmonised legal systems and so offer a fairly predictable working environment. This marks them out from Russia and Ukraine, where English law is often preferred for governing contracts because of a lack of confidence in local systems. But even there, the ways of doing business are becoming more 'normal' for foreign lawyers and clients. Recession hit this part of Europe, although, with lower debt levels than Western Europe, it has recovered – if from a low base – somewhat more rapidly.
2 minute read

International Edition

Cautious optimism reigns across industry as partners hope for economic bounceback

As the number of firms announcing redundancy consultations this week continued to rise – with news of widespread cuts at Berwin Leighton Paisner – new research from Legal Week has found a surprising degree of business confidence among partners in UK law firms. Results of the latest Big Question survey how that more than 90% of partners expect to see revenues climb at their own firm over the next 12 months, with more than 80% expecting the same to be true across the UK's 50 largest law firms by revenue as a whole. The research found more than half of respondents (53%) expect to see revenue at their own firm climb by more than 5% over the coming year, with a further 41% predicting more modest increases of between 0% and 5%. Meanwhile, only 6% of partners expect to see their firm's revenues fall.
5 minute read

International Edition

Breaking the deadlock – can Russia and Cyprus' business partnership survive the island's banking crisis?

The Cypriot banking crisis in March caused plenty of headaches for Russian businesses. It is no secret that Russian businessmen hold a significant amount of funds in accounts with Cypriot banks. Historically, the island has been the most popular jurisdiction for Russian investors, mainly because of the favourable double taxation treaty concluded with Russia (and with more than 40 other countries), flexible corporate governance rules, confidentiality and unique geography. The legal system in Cyprus – being based on English law – is by no means less important than the attractive taxation regime. Russian corporate legislation is traditionally famous for a number of mandatory rules that can make it too rigid.
9 minute read

International Edition

A&O, CC among firms pushing for renewal of Singapore law licences

Six international law firms awarded licences in Singapore's first Qualifying Foreign Law Practice (QFLP) round will need to secure a renewal next year if they wish to continue practising local law. Allen & Overy, Clifford Chance (CC), Herbert Smith Freehills, Norton Rose, Latham & Watkins and White & Case were the first group of foreign firms to be granted local licences in Singapore in 2009 as part of the Govern-ment's initiative to liberalise the legal market.
3 minute read

Inside Counsel

Litigation: To the tune of $3 billion, whistleblower claims are on the rise

At one time whistleblowers were relatively rare and isolated, and the law did not grant them much protection.
12 minute read

Inside Counsel

Judge orders Dow Chemical to pay $1.2 billion for price-fixing

A federal judge has ordered Dow Chemical Co. to pay $1.2 billion for fixing prices on the chemical urethane, upholding an earlier guilty verdict handed down by a federal jury earlier this year.
2 minute read

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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