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No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.A state court judge in New York slammed plaintiffs lawyers for their conduct in a shareholder M&A class action and warned them not to bet on a big payday in the case.
You know there are tensions in the family business when your mother hires Boies Schiller to bring a shareholder derivative suit against you.
A Manhattan federal judge on Tuesday conditionally approved a $602 million insider trading settlement that SAC Capital Advisors reached with the SEC last month. But he also became the latest judge to question the SEC's practice of allowing defendants to settle enforcement actions without admitting or denying the allegations.
Pro Bono: Public Interest Projects
Thirteen attorneys from nine law firms who worked as counsel for victims of domestic violence have been honored by Sanctuary for Families. Also, next week marks the 30th anniversary of one New York City lawyer's annual fast, and one lawyer's devotion to the cause of Oxfam America. Read these stories and more news on local pro bono efforts.Trending Stories
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