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Legal news

Law firm regulator poised to help legal comparison sites

Comparison websites could be set for a boost in the UK legal marketplace thanks to an initiative from the regulator.

LEGAL PROVISIONS

BoA goes into loss through $6b legal costs

Bank of America has reported a quarterly loss of US$276m and was pushed into the red by legal costs including US$3.6b over mortgage-backed securities.
NEW LAW

Adviser to Cisco launches as fixed fee boutique

Newly-launched Toronto law firm Conduit Law, which includes Cisco Systems as one of its first clients, is offering a no-frills low cost service based around fixed fees and minimal overheads.
MORTGAGES

Lawyers leave at key US mortgage administrator

The US national mortgage administrator is facing a raft of legal issues including the departure of its chief legal officer.
CONSPIRACY CHARGES

Former law firm CFO charged over $1.2b Ponzi scheme

Irene Shannon, onetime CFO of defunct firm Rothstein Rosenfeld Adler in South Florida, is facing a conspiracy charge relating to a Ponzi scheme which has seen her former boss go to prison for 50 years.

Drones have a wide range of potential civilian and scientific uses but so far they have been overwhelmingly used for military purposes such as reconnaissance and combat operations. Portolano Cavallo partner Yan Pecoraro discusses new regulations .

GROWTH MARKETS

Golden “Land”: Protecting investments in Myanmar from disputes

Foreign legal consultants John Lichtfield and Kyaw Zin Htet report that Myanmar is fast emerging as a destination for foreign companies. Issues remain, however, over land ownership. Globalaw looks at how foreign businesses can obtain land rights.

Management speak

E-DISCOVERY

Litigation lawyers must innovate

Litigation lawyers must fundamentally change their approach on delivering solutions for their clients if they are to enjoy long-term relationships with clients, a leading US lawyer says.

Corporate counsel

LITIGATION

Legal fees rise for US businesses

Businesses in the US are spending 'more money on legal fees to fight high-stakes litigation', according to a report in the Houston Chronicle.

Business sector round up

ALTERNATIVE STRUCTURES

LexisNexis launches compliance ABS

LexisNexis has been granted an ABS (alternative business structure) licence through which it will run a compliance service that will include advisory services as well as content and technology.

BANKING