North America/US - Page 186
Former KPMG partner to serve sentence for insider trading
Scott London was sentenced to 14 months yesterday after pleading guilty to insider trading last year, when he was still a senior partner at professional services company KPMG.
AAAS announces new members
New inductees to the American Academy of Arts and Sciences (AAAS) were announced this week with six leading minds in the theory and practice of law making the list.
Women lag men by 18 per cent on pay in legal sector
Female lawyers and judges are earning just 82 per cent of what their male counterparts receive, according to research from Harvard University.
LA bankruptcy firm to close
Top bankruptcy law firm Stutman Treister & Glatt is closing as of 1 May.
Airbnb fights to stay above the law
Homestay hotel alternative Airbnb is battling New York's Attorney General, who wants to subpoena Airbnb host information in a case which may set an international legal precedent.
Akerman sets up R&D council with clients
Top US 100 law firm Akerman is launching an R&D Council through which it hopes to spot and develop 'promising ideas' to help it improve service delivery.
Kirkland & Ellis expands energy practice with Houston base
The 1,600-lawyer firm is opening its seventh US office by setting up a base in the energy hub of Houston.
Microsoft GC announces official acquisition of Nokia in $7.5b deal
Brad Smith, the Microsoft GC and executive VP of legal & corporate affairs, announced that come this Friday, Microsoft will 'welcome the Nokia Devices and Services business as part of the Microsoft family.'
Obama names Clinton era veteran as White House top lawyer
Neil Eggleston, a white collar crime specialist at Kirkland & Ellis, is to become the chief lawyer at the White House.
Watchtell, Lipton, Rosen & Katz co-founder dies
Watchell Lipton name partner Leonard M. Rosen died yesterday aged 83.
Carlton Fields spreads to Los Angeles
The 370-lawyer Florida-based firm Carlton Fields Jorden Burt has opened an office in LA under Mark A Neubauer, formerly national head of Steptoe & Johnson's litigation team.
Clients turn to web search to find lawyers
Some 38 per cent of respondents to a survey said they would use the web as the first port of call in looking for a lawyer, while only 29 per cent said they would ask families or friends.
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.
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.
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.
LinkedIn faces lawsuit over security
A Californian judge has allowed a claimant to sue LinkedIn over its paid for service.
Litigation spend averages one million dollars
Litigation spending has risen once again as 71 per cent of US companies report an average spend of $1 million or more.
US law firm rescinds offers to 10 associates
US law firm Brown Rudnick is rescinding offers to 10 associates who were scheduled to join the firm in the fall in New York and Boston offices.
Nixon Peabody makes 38 employees redundant
US firm Nixon Peabody is laying off 38 employees spread through its 16 offices.
FCC to create more wireless broadband
The FCC continues its work to bring 500 MHz of spectrum to market for wireless broadband by 2020.