North America/US - Page 196
Standard & Poor rates US law schools
One US law school has found itself with a junk bond status.
Law firms follow Cravath example on bonuses
US firms are sticking to 2013 levels for this year's bonus.
Ethics debate starts in New York after rail crash
New York lawyers have begun discussing the ethical boundaries of online marketing in the wake of the Metro-North train derailment this month in which four people died.
Microsoft GC vows to protect clients
Microsoft general counsel Brad Smith has promised to stand out against any possible US government attempts to seize or spy on the data of its clients.
Thousands of corporate counsel at risk over licences
The state of Illinois is to offer a year-long amnesty to thousands of in-house lawyers who appear to be operating without the necessary licence.
Ex-Jones Day partner secures Detroit bankruptcy ruling triumph
Kevyn Orr, now manager of Detroit city, has won a crucial ruling in the court when a judge agreed with the former Jones Day partner's view that the city was bankrupt and eligible for Chapter 11 protection.
Dewey former heads sued over $21.8 million pay
The Dewey & LeBoeuf saga continues as the bankruptcy trustee sues the former executive director and CFO.
Cravath Swaine sets cautious note in 2013 bonuses
New York top tier law firm Cravath Swaine & Moore is to give its associates the same level of year end bonus in 2013 as it did last year.
Lawyers' depression leaves clients abandoned
The Kentucky Bar Association has set up a task force to examine the issue of lawyers - often suffering from depression - suddenly abandoning their practices and leaving clients in the lurch.
Private equity law firms warn of greater scrutiny
Regulators in the US are increasing their surveillance of private equity firms and other players in the alternative investment sector, according to specialist lawyers.
Apple complains at fees of Goodwin Procter partner
Apple says that it has never come across a higher rate than the US$1,100 an hour which Michael Bromwich is proposing to charge in his role as a judge-appointed monitor.
Kirby McInerney criticised in Brent crude case
Law firms jockeying for position to win the position of lead counsel in the Brent crude case in New York have poured cold water on attempts by Kirby McInerney to lead the claimants' case.
Total US bank litigation bill could top US$100 billion
The mis-selling of mortgage-backed securities looks set to cost US banks over one hundred billion dollars.
Weber to resign as Minter Ellison chief exec
John Weber, who has been chief executive partner at Minter Ellison for nearly five year, is not seeking re-appointment when the term ends on 30 June.
Wolff & Samson clocks up third New Jersey attorney general
The return of Jeffrey S Chiesa to Wolff & Samson means that the firm has had three partners who each at one stage held the position of Attorney General of New Jersey.
Legal costs lead to income fall in US banks
Income in American banks has fallen for the first time in four years, brought down by mounting legal costs at JP Morgan.
GC at JP Morgan questions regulators' direction
Stephen Cutler, the top lawyer at JP Morgan, has questioned the heavy-fining policy of regulators.
ABA opinion triggers strong reaction over ABS question
The debate on non lawyer ownership of law firms looks set to continue in the US after an opinion on fee-sharing from the ABA ethics committee.
Billion dollar merger terminated over conflict of interest
Two law firms have called off plans to create a billion dollar firm.
Former Skadden, Arps lawyer disbarred
Matthew Kluger, already serving 12 years in prison for passing on confidential information about business deals, has been disbarred in the District of Columbia.