Law firm news by topic » Crisis

Why it took $642m in fees to dismantle Lehman

Feb 22, 2010 Lehman’s bankruptcy is believed to be the largest in US history. A new regulatory filing revealed that various consulting and legal firms and other lucky advisors that became part of the process which dismantled…

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Judiciary crisis in Pakistan

Feb 15, 2010 Justice Sharif, Justice Nisar reject govt decision Updated at: 1913 PST, Saturday, February 13, 2010 ISLAMABAD: Chief Justice Lahore High Court Justice Khwaja Sharif and Justice Saqib Nisar, the senior most LHC…

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US job market: Law school no longer a safe bet

Jan 28, 2010 While law school may seem like a safe choice, there are not always jobs waiting at the end of the tunnel. In the current economy the law industry is facing lay-offs, but more people are applying to law school than ever…

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Top US law firms avoid deferrals

Jun 18, 2009 Most of the top US law firms are currently not deferring associates despite the financial crisis. According to the AmLaw Daily, Wachtell, Lipton, Rosen and Katz; Sullivan & Cromwell; Paul, Weiss, Rifkind, Wharton &…

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10,000 UK lawyers face losing their jobs

Jun 15, 2009 About 10,000 lawyers --- more than one in ten of the 83,000 privately employed solicitors in the UK --- could lose their jobs, writes The Times, citing recruiters, consultants and senior law firm partners. Layed off…

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Herbert Smith sees profits plunge by 22 per cent

Jun 10, 2009 Partner profits at London-based law firm Herbert Smith fell below £1 million in 2008 as the financial crisis caught up with the City law firms. Profits fell by 22 per cent last year, marking the start of what is…

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