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The Am Law 100, the Early Numbers: Revenue Falls, Profits Plummet at Fried Frank
Fried, Frank, Harris, Shriver & Jacobson registered across-the-board declines in key financial categories last year, as gross revenues slid 6.3 percent, revenue per lawyer dipped 2.6 percent, and profits per partner plunged 16.8 percent, according to The American Lawyer's reporting.US Airways and Delta must convince creditors' committee
THE FATE OF Delta Air Lines now rests with a nine-member creditors' committee whose members must weigh competing interests among debt holders as well as assess who is best qualified to lead the airline to profitability.Tempe, Ariz.-based US Airways has an $8.5 billion merger deal on the table for the airline, which is reorganizing under protection of the U.Insurers' Rate Pressure Forces Change in Firms' Employment Practice Groups
When Morrison & Foerster's employment practice seemed to de-emphasize local clients, partner Judith Droz Keyes moved to Davis Wright Tremaine. For many national firms, insurers' rate pressure for liability policies is unrelenting, forcing labor lawyers to become more like service partners. As a result, more employment lawyers are leaving large firms. But for each trend, a counter: Some big firms are using volume discounts to bring back clients.Alabama county to miss $83M payment on bond debt
BIRMINGHAM, Ala. AP _ Alabama's most populous county was unable to make an $83.5 million interest payment on its enormous sewer debt Tuesday and could decide within days whether to file what would be the largest municipal bankruptcy in U.S. history.The president of the Jefferson County Commission, Betty Fine Collins, said the county lacked the cash to make the payment.View more book results for the query "Bank of New York Mellon"
Goldman net income falls 58 percent
Goldman Sachs says its net income fell 58 percent in the last three months of last year because of lower investment banking fees in a quarter marked by choppy financial markets.Holiday season leaves little to be jolly about
'Tis the season to be jolly, but I'm rarely jolly under the best of circumstances. Just ask my family. This year, I don't see there's a lot to be jolly about. At first, I thought President-elect Barack Obama's choice of Saddleback Church Pastor Rick Warren, the most open-minded of evangelicals, to give the inaugural invocation was OK, even though Warren is leading the fight against gay marriage.Daily Decision Service Alert: Vol. 22, No. 58 – March 26, 2013
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