Latest legal news

Eversheds has opened a second Iraqi office, in Erbil in semi-autonomous Kurdistan, which will be run by Iraqi managing partner Tawfiq Tabbaa. | 13yrs

Bank of America is coming under pressure to settle a US $6 billion compensation demand from the Federal Housing Finance Agency after JP Morgan agreed to pay a record US $4 billion to the regulator. | 13yrs

Erick Schneiderman, the New York Attorney-General, has described some practices for alerting the market to new financial information as being 'Insider Trading 2.0'. | 13yrs

UK law firm Manches, which was taken over by Penningtons this week, had been suffering 'trading losses and lack of liquidity', according to a report in Credit Today. | 13yrs

Four out of five businesses expect to suffer 'material losses' as a result of legal risks, according to a survey of senior personnel by Berwin Leighton Paisner. | 13yrs

Linklaters is losing the two partners who run its private equity team, Ian Bagshaw and Richard Youle, after a combined 13 years of partnership, to White & Case. | 13yrs

The arrival of law firms set up by in-house legal teams to offer legal services to clients is only a matter of time, according to a leading consultant. | 13yrs

Iberian law firm Uria Menendez - Proenca de Carvalho has advised a Portuguese-Spanish consortium setting up a joint venture for some activity in Angola. | 13yrs

Moscow lawyers representing pro bono clients will be given the equivalent of US$124 a day under a decree signed by the mayor. | 13yrs

Law firms are losing their ability to negotiate low rents on their offices, according to an analysis in the US by Jones Lang LaSalle. | 13yrs

The Indonesian advocates association, Peradi, is to decide by the end of this month if it will require foreign lawyers to take an ethics test. | 13yrs

Lawyers at the human rights group Reprieve are concerned that their emails regarding their representation of eight Libyans might be compromised as they they are 'probably' being intercepted by government security sources. | 13yrs

Litigation costs at Bank of America have increased to USD1.1 billion dollars in its third quarter results, according to data released by bank. | 13yrs

A bill to merge the two sides of the Russian court system - general courts and arbitration courts - runs the danger of creating chaos between now and spring. | 13yrs

London arbitration chambers Fountain Court is in the early stages of evaluating whether to follow a handful of other sets to Singapore to be near the International Arbitration Centre. | 13yrs

Lawyers in UK organisations should be ready to report what their companies are doing to the Serious Fraud Office (SFO), according to its new co-head of bribery and corruption. | 13yrs

Insurance specialists Kaden Boriss - which has offices in Brisbane, Sydney and Canberra - is actively looking to open in south and western Australia. | 13yrs

The first UK law firm, niche practice Harris Cartier, has been put into administration under rules which took place on October 1 requiring them firms to have professional indemnity (PI) in place. | 13yrs

Sir Hector Sants, head of compliance and government and regulatory relations at Barclays Bank, is taking leave to recover from 'exhaustion and stress' after nine months in the job. | 13yrs