Reports indicate that Cooley Law School is set to lay off over 50 percent of its faculty of 271 law professors. One angry professor speaking to the Lansing City Pulse had this to say: “We have non-disparagement and
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Salans is set to shutter its Beijing office after the partnership voted to close the office in favor of a more intense focus on Shanghai. The Beijing office has been operational
According to this report, securities class actions have flat-lined in the US, but there is a significant upward trend in this kind of litigation in Canada, and US firms are taking notice. Compared to the US, the
Dubai has expanded the jurisdiction of the financial free-zone courts to allow foreign companies doing business in Dubai the option of using English-speaking courts to settle their disputes. Companies now have the option
The former general counsel for A&O Resource Management Ltd, Russell Mackert, has been sentenced to more than 15 years in prison for his role in scheme that defrauded investors of around $100 million. Mackert was found
The number of mergers and acquisitions lawsuits filed in 2010 increased by nearly 850% over 2008 figures, according to new reports. M&A suits, which typically claim that investors and shareholders have been unfairly
The New York City Bar has issued a new ethics opinion about private investors who provide funding to parties in lawsuits to help them cover litigation costs. The ethics decision calls litigation funding “a valuable
The New York Times has reported that investors are looking to litigation for new investment opportunities. They fund a wide range of litigation, from medical malpractice claims, divorce battles and class actions against
Investor client of Stanford Financial Group have filed a class action against US law firm Proskauer Rose and its partner Thomas Sjoblom in the U.S. District Court for the Northern District of Texas in Dallas. The
As if you could not have guessed, Lloyd's of London noted recently in its annual report that a specific risk exists for increased litigation against financial services firms and others as a consequence of investors'
The Law Society of Scotland is asking members to back proposals to enable external investors such as banks, accountants and venture capitalists to buy shares in Scottish legal firms for the first time. Under the
Non-lawyers to invest in UK law firms - Will outside investors demand a very different type of law firm?
For the first time in England, it may soon be open to non-lawyers to invest in law firms. The new wave of investors and managers will surely find that individual law firms are over-resourced; and, further, that the legal