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Tobacco Industry Lawyers Argue Against $145B Award
Arguing against the largest damage award in American history, attorneys for the tobacco industry said Wednesday that a $145 billion verdict should be overturned because the trial plan was unconstitutional and the plaintiffs' attorney used unfair tactics to incite the jury. Greenberg Traurig's Elliot Scherker said the Miami trial court's strategy for handling the smokers' suit amounted to an "Alice in Wonderland" version of justice.Who Killed the Mass Torts Bonanza?
The power of the plaintiffs bar is on the wane in this country, and will be for a long time to come. To be sure, plaintiffs lawyers and mass torts aren't going to disappear. There will always be people injured by the products or actions of big corporations, and there's still money to be made representing them. But the bonanza -- the Wild West era in which mass torts was an unfettered frontier and plaintiffs lawyers seemed to have all the firepower -- is over.Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?Dechert Cracks the Code for Am Law 100 Success
A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?NYC Proposes Raising Age for Cigarette Purchases
No one under 21 would be able to buy cigarettes in New York City, under a new proposal announced Monday that marks the latest in a decade of moves to crack down on smoking in the nation's largest city.Trending Stories
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