Legal Industry News

Thomson Reuters Survey Highlights Companies' Uncertainty around Conduct Risk

January 24, 2014

Thomson Reuters, a leading source of intelligent information for businesses and professionals, has released the findings of a new survey which shows that although conduct risk has become one of the highest priorities for regulators worldwide, there is still great disparity in how firms are defining conduct risk and similarly how regulators are referring to the concept. More...

FTC Announces Revised Thresholds for Clayton Act Antitrust Reviews for 2014

January 22, 2014

The Federal Trade Commission has revised the thresholds that determine whether companies are required to notify federal antitrust authorities about a transaction under Section 7A of the Clayton Act, the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. More...

The National Law Journal Reports that 1 in 5 of the Largest U.S. Law Firms Employ Partners who Charge More than $1,000 per Hour

January 15, 2014

Billing rates at the country’s largest law firms remain high despite pressure from clients in recent years -- and in one instance have reached $1,800 per hour, according to a report published today by ALM’s The National Law Journal. More...

"2014 Report on the State of the Legal Market" Issued by Georgetown Law and Peer Monitor Says Law Firms May Be Facing Disruptive Change

January 13, 2014

Georgetown University Law Center and Peer Monitor have issued their “2014 Report on the State of the Legal Market”. The report highlights recent trends in the legal market, as well as factors that will likely impact the market in 2014 and beyond. More...

JPMorgan Chase Enters into Deferred Prosecution Agreement, to Pay $1.7 Billion for Conduct Relating to Madoff Securities Transactions

January 9, 2014

Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced criminal charges against JPMorgan Chase Bank, N.A. (“JPMorgan” or the “Bank”), consisting of two felony violations of the Bank Secrecy Act, in connection with the Bank’s relationship with Bernard L. Madoff Investment Securities (“Madoff Securities”). More...

California Supreme Court Admits Undocumented Immigrant to State Bar

January 8, 2014

In a decision filed Thursday, January 2, the California Supreme Court granted a motion filed by the Committee of Bar Examiners of the State Bar of California to admit Sergio C. Garcia, an undocumented immigrant, to the State Bar, granting Garcia a license to practice law in California. More...

Stars Align and 2013 Proves to be Hottest US IPO Market Since 2004 as Momentum Continues In 2014

December 24, 2013

The market environment delivered all of the right signals in 2013, presenting a long-awaited window of opportunity for IPOs. More...

The American Lawyer Finds Law Firm Leaders Look to Hire Litigators, Washington, DC, Partners in 2014

December 21, 2013

ALM’s The American Lawyer‘s survey of leaders of the Am Law 200, the nation’s largest law firms, finds mild optimism and modest growth expectations for 2014. More...

Representation of Women Associates Falls for Fourth Straight Year as Minority Associates Continue to Make Gains - Women and Minority Partners Continue to Make Small Gains

December 12, 2013

According to the latest law firm demographic findings from the National Association for Law Placement, Inc.® (NALP), women and minority partners continued to make small gains in their representation among law firm partners as a whole in 2013, and the percentage of minority associates has rebounded for the third year in a row after falling in the wake of the recession. More...

Global Patent Filings See Fastest Growth in 18 Years

December 11, 2013

A new WIPO report shows that in 2012 global patent filings increased at their strongest rate in nearly two decades as industrial-design registration notched its best-ever rate of growth. Intellectual property (IP) filings have sharply rebounded since a 2009 decline at the height of the financial crisis. More...

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