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News Corp. Financials Show Phone-Hacking Legal Bills Nearing $200 Million
News Corp. has paid out nearly $200 million in legal costs over the phone-hacking scandal to date, according to the company's latest financial results. The company said it could not forecast what its expenditure would be on legal fees and external advisers working on the hacking scandal for the full year.
A GC's Take on the 2013 World Economic Forum in Davos
An increasing number of general counsel and managing partners of law firms participate in the bilateral exchanges that take place at the World Economic Forum in Davos.Latham, Gardere Grab Roles on BP's Gulf of Mexico Asset Sale
The London-based energy giant has agreed to sell some of its deepwater oil and gas assets in the Gulf of Mexico to Houston-based Plains Exploration and Production in a nearly $5.6 billion deal, landing lead roles for Latham & Watkins and Gardere Wynne Sewell. The sale is the latest in a string of major oil and gas transactions yielding work for corporate lawyers around the globe.
BAE Hunts for Senior Talent Ahead of Legal Review
Aerospace and defense giant BAE Systems is set to expand its in-house legal team as part of an extensive overhaul of its legal function that will ultimately see external advisers reviewed. The department, led by general counsel Philip Bramwell, has already made a series of hires -- with Clyde & Co lawyer Jo Talbot joining to head dispute resolution and risk management across the group. A series of further hires are also expected over the next few months.First Foreigner Is Named Partner at a Japanese Firm
In the late 1960s, Bonnie Dixon lived in Fukui on Japan's north coast while her father, a Westinghouse Electric Co. engineer, helped build a nuclear power plant. Running water was a luxury in her village, her classrooms were unheated and she sharpened pencils with a razor. With all the exotica, Dixon became fluent in both the language and culture.White & Case, Weil Gotshal Show Strong Financials for London Offices
At the end of January, White & Case and Weil, Gotshal & Manges confirmed strong financial results for their London offices in 2007. White & Case excelled in revenue growth, increasing its top line by 37 percent to reach $235.7 million. Weil stood out in terms of profitability, as the firm's profits per equity partner almost doubled, to hit $2.69 million last year. Weil London head Michael Francies attributes part of the London office's success to key lateral hires that the firm has made in recent years.Twitter and Hilton Ride Wave of IPOs
The much-anticipated initial public offering of the social networking company was made official Thursday, along with those for Hilton Worldwide and the U.K.'s Royal Mail, all of which enlisted the efforts of a handful of leading Am Law 100 and global firms.Mergermarket Ranks Europe's Most Active Deal Lawyers of 2007
Clifford Chance Dusseldorf competition partner Marc Besen and Linklaters U.K. private equity partner Richard Youle have been named as Europe's most active deal-doers for 2007, according to Mergermarket. Individual rankings produced for Legal Week rank the top 10 legal advisers in European M&A, with lawyers from American, British, Dutch and Italian firms handling billions of dollars in deal work.Clifford Chance Advises Temasek on ICBC Deal
Clifford Chance has acted for Singapore's sovereign wealth fund, Temasek Holdings Pte. Ltd., in its $2.3 billion purchase of Industrial and Commercial Bank of China Ltd. shares from The Goldman Sachs Group Inc.TRENDING STORIES
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