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The Tech Evolution: Change or Die
In the new year, we can expect new forecasts of doom -- for law departments and firms that have turned to dust after failing to adapt. Cisco Systems attorney Laura Owen offers nine resolutions, from commoditizing routine legal transactions to measuring the success of tech innovations, that could keep your department from joining the other fossils.
U.S. Firms in London Say They're More Merger-Minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.
$3 Million Verdict Reached In Hormone Therapy Case
A city jury has reached a $3 million compensatory damages verdict in the re-trial of the Philadelphia Complex Litigation Center�s first hormone therapy case.Judge Orders Mine to Pay Energy Company For Withheld Coal
An Allegheny County Common Pleas Court judge has awarded over $100 million to two Western Pennsylvania power companies who alleged that coal mine operators breached their contract to deliver more than 7 million tons of coal.New Patriot Act Rules Take Hold for Banks, Other Financial Institutions
Nearly two years after the passage of the USA Patriot Act, another piece of the law kicked in last week designed to combat the financing of terrorist activity and international money laundering. The impact of the rules is being felt not just by lawyers who represent banks and other entities but by lawyers who set up bank accounts for themselves, their firms and their clients.N.J. Gets Boost in Venture Capital
Venture capital firms poured $249.3 million into New Jersey-based startups and other privately held companies during the second quarter of 2006, with investments in biotech companies accounting for $105 million, according to a new survey released by PricewaterhouseCoopers and the National Venture Capital Association. "New Jersey is the nation's biotech and pharmaceutical capital, so it's not surprising that more than 42 percent of state funding went to biotech companies," says PwC partner Susan Roos.Schnader Management Sees Bright Future Ahead
Five years ago, the venerable Schnader Harrison Segal Lewis was plotting its ascension into the top tier of Philadelphia law firms.TRENDING STORIES
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Law Firm Operational Considerations for the Corporate Transparency Act
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