Search Results for: legal
New York and London are world’s toughest legal markets, says Cooley
June 15th, 2015
The ‘jaundiced eye’ through which UK lawyers view the US law practices in London is one of the main factors contributing to the difficulties facing US law firms there, according to Joe Conroy, Cooley’s chief executive officer. Speaking five ...
FTSE 100 companies to cough up £24bn in legal liabilities
June 3rd, 2015
Companies forced to delay dividends and sell off assets to pay legal costs FTSE 100 companies have warned their shareholders they face total legal liabilities of £24bn, according to Thomson Reuters. Raichel Hopkinson, head of the practical law dispute ...
The Legal Market in Mexico: The Quandary of the Top Domestic Players
May 27th, 2015
These are exciting times in Mexico. There are seismic legal and economic changes underway as a result of President Enrique Peña Nieto’s “Pact for Mexico.” Top local law firms in Mexico City are focused on the most-effective ways to ...
Banks Said to Go to Legal Big Five in S. African Forex Probe
May 22nd, 2015
Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe. Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
Paypal faces a complaint and a proposed consent order for illegally signing up people
May 20th, 2015
The Consumer Financial Protection Bureau is filing a complaint and a proposed consent order against PayPal for illegally signing up and billing tens of thousands of consumers for its online credit product, PayPal Credit. The Bureau alleges that PayPal ...
Dentons launches NextLaw Labs and creates legal business accelerator
May 19th, 2015
Dentons, the global law firm, today announced that it is launching NextLaw Labs, a global collaborative innovation platform focused on developing, deploying, and investing in new technologies and processes to transform the practice of law around the world. “The market ...
Potential for fees to fall as legal fee tracking hits the big time in the UK
May 4th, 2015
Fifteen firms – including Macfarlanes, Norton Rose Fulbright and Taylor Vinters – have signed up to Apperio, a legal fees platform which claims to be cutting fees for clients by 12%. The other firms include Taylor Wessing, Mishcon de ...
Can an illegal scheme apply for business rescue?
April 24th, 2015
The concept of Ponzi schemes is one that is not new across the globe and has been around for decades. According to Wikipedia “a Ponzi scheme is a fraudulent investment operation where the operator, an individual or organisation, pays ...
Barclays’ bosses warn investors of pain ahead as Libor scandal fines and legal bills roll in
April 24th, 2015
Huge fines and legal bills are on the way, Barclays’ outgoing chairman Sir David Walker warned shareholders at yesterday’s annual general meeting. Walker joined the bank almost three years ago in the wake of the Libor scandal, aiming to ...
