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Atlanta-Based Firm Raises Salaries Twice in Two Weeks
Troutman Sanders has matched the $130,000 starting salary for associates that earlier this month became the new top rate at several big Atlanta firms, said the firm�s managing partner, Robert W. Webb Jr.Delaware Bankruptcy Case Protects Directors
The evolving law on the duties of an insolvent corporation's board of directors has created uncertainties for directors and professionals who advise them. A recent Delaware Chancery Court decision addressed and clarified the concepts of liability in the area of creditor litigation asserted against a board. The ruling held that directors' duties are not fundamentally altered in the insolvency context; rather, the pool of potential plaintiffs is expanded to include creditors.Hot again, Silicon Valley approaches 'critical mass'
The capital markets are opening up in Silicon Valley — and lawyers have noticed. Best known for its startup technology companies and venture capital, the region has seen renewed investor interest in emerging companies, a spate of initial public offerings and several mergers and acquisitions involving some of the region's largest businesses, including Cisco Systems and Google.Ruling Clears Way for Payment of Austrian Holocaust Claims
A divided 2nd Circuit has dismissed the last remaining class action for Holocaust-era claims against the Austrian government, setting the stage for the release of $210 million in compensation negotiated in the waning days of the Clinton administration. The majority ordered the dismissal under the political question doctrine of claims against governmental entities brought by a group of Austrian Jews whose property had been seized by the Nazis during World War II.Justices to Take Up Lawyer Ethics, Errors
How lawyers do their jobs -- from the type of advice they give clients to the calculation of fees -- moves to the fore in the new U.S. Supreme Court term in six cases that could dramatically alter the day-to-day practice of law. The justices in recent terms typically have taken two or three cases, or even none, involving lawyering. The upswing may reflect a larger movement toward greater scrutiny of the legal profession, particularly in the wake of corporate and government scandals involving lawyers.Ring,* plaintiff-appellant v. AXA Financial, Inc., defendants-appellees
Rider, Policy Considered Separately to Determine If Children�s Term Rider Is �Covered Security�Final Enron Report Criticizes V&E and Andrews & Kurth
Nearly two years after Enron Corp. filed a Chapter 11 in the wake of a massive drop in its stock price, a bankruptcy examiner's fourth and final report concludes that outside lawyers at Vinson & Elkins and Andrews & Kurth may have been negligent or may have aided and abetted Enron officers in breaching their fiduciary duties to the battered company.Latest TARP Report Claims Simpson Overbilled Program
Simpson Thacher & Bartlett has billed the federal government for nearly $100,000 in excess fees for work connected to the Troubled Asset Relief Program, according to a special inspector general's quarterly report. The report also details the TARP-related fees paid to 12 other AmLaw 200 firms.A Buyer's Guide to Law Firm Software
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Corporate Transparency Act Resource Kit
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Revenue, Profit, Cash: Managing Law Firms for Success
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