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A new report on law firm social responsibility moves way beyond pro bono and asks firms to hew to international human rights principles--even if it means dropping clients.
Let A Thousand Branch Offices Bloom
Over the past two years, planning for post-WTO China has become a top priority for Fortune 500 companies; and Western law firms sense enormous potential for profit. As China's state-owned economy moves toward a free market, the demand for sophisticated legal services has far exceeded the capacity of the country's fledgling domestic bar, allowing Western lawyers to fill the gap.Cite as: Matter of Bear Stearns & Co. Inc. v. International Capital & Management Company LLC, 650125/201, NYLJ 1202498324828, at *1 (Sup., NY, Decided Date)p class
Houston, We Have an Arbitration
A biennial survey of international arbitration shows one of the most marked trends to be a surge in energy disputes, with oil, gas and utility sectors accounting for more than a third of this year's survey. Another trend: an increase in Latin American cases, which now represent 34 percent of the survey, including 48 percent of treaty-based disputes between states and foreign investors. Thanks to their energy roots and southern exposure, law firms with Texas ties are riding especially high.In the U.S. it's common practice for companies to divulge their employees' sins to prosecutors in exchange for leniency for themselves. Now, for the first time, the British Serious Fraud Office has confirmed that it's moving toward a similar approach.
State AI Legislation Is on the Move in 2024
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