North America/US - Page 231
US law firm bonuses evaporate
Last year there was milk and honey for associates at nearly half the top-100 US law firms -- 12 months on and the well has run dry.
Mistakes made in crucial law school ranking table
The University of St Thomas School of Law in Minneapolis saw an encouraging rise this year in the US News and World Report ranking of law schools -- but celebrations won't have lasted long as the increase is likely to be the result of an error.
Citibank's settlement rejection set to be reversed
US Southern District Judge Jed Rakoff has been accused of overstepping the mark when he refused to approve a $285 million settlement between Citibank Global Markets and the Securities and Exchange Commission.
Whistleblowers give SEC tools to fight corporate crime
A whistle-blowing programme set up under the 2010 Dodd-Frank Law and run by the US Securities & Exchange Commission is proving successful in the ongoing fight against white collar crime, according to a report in London's Financial Times.
American graduates blame law schools for rising flood of job applicants
A group of disgruntled US law graduates is taking legal action against law schools for producing too many lawyers.
Potential US non-lawyer investors identified
Three New York bankers are thought to be at the head of a queue of those aiming to be among the first non-lawyer investors in US law firms, if state laws can be amended to allow external capital in the American legal sector.
NFL bounty scandal to trigger law suits
Heavy tackles and hard hits are all part of the game for US gridiron players, but a so-called 'bounty system' may have put players under unwarranted risk and triggered a blitz of litigation.
US graduate recruitment market still stagnant
An increase in law school milk-round recruiting in the US has not translated to increased law firm hiring, a recent survey has shown, as wariness over economic conditions continues to keep a lid more or less firmly on expansion.
Lehman Brothers emerges from bankruptcy - with a $1.6bn bill
Former global financial services firm Lehman Brothers finally emerged from bankruptcy yesterday after three years of advice from the business finance and restructuring group at New York law firm Weil Gotshal & Manges.
Top hacker unmasked as FBI mole
Hector Xavier Monsegur - renown throughout computer hacking communities as 'Sabu' -- has been unmasked as an FBI mole after his information led to the arrest of five men.
BP woes remain after $7.8bn settlement
UK-based global oil and gas company BP has struck a $7.8 billion deal with the 110,000 businesses and individuals affected by the Deepwater Horizon disaster, but the issue of penalties and damages sought by the US government still looms.
Basketball star latest Chinese trademark target
New York Knicks basketball pinup Jeremy Lin has become the latest western sports star to fall into trademark troubles with China.
Lawyers to sue publishers in groundbreaking case
Two US lawyers could send shock waves through the legal publishing industry if a copyright action they are bringing succeeds.
Appeal court overturns California's Armenian genocide law
Survivors of the early 20th-century Armenian genocide took a legal hit last week when a California court threw out their damages claim on the grounds that local state legislation was pipped by US federal law.
US internet privacy 'bill of rights' to clash with European standards
The Obama administration today released draft legislation putting US internet privacy rights on a collision course with its European legal counterpart.
SEC chief defends settling bank fraud cases
The head of the US's financial watchdog has defended its record of settling fraud cases with Wall Street banks, claiming the investigators' methods provide a suitable deterrent.
BP settles in bid to avoid costly court case
UK-based global oil and gas company BP has agreed a settlement with a worker who was injured in the 2010 Gulf of Mexico disaster, opening the door for more claims to be settled and therefore averting a trial to determine damages and fines.
Struggling shipping companies seek US protection
International shipping companies are seeking bankruptcy protection by lodging cash with American law firms to take advantage of US laws, according to a report in the UK's Financial Times.