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Chancellor William Chandler III is known for decisions that gave broad deference to corporate boards, including the 2006 Disney decision and this year's Airgas ruling. Vice Chancellor Leo Strine appears to be the leading candidate to succeed him. Chandler hasn't yet identified the firm he'll join.
Changing a Judge's Mind on Qualcomm Sanctions
Going Public: Kevin Leung, left, Christian Mammen and four other lawyers felt a weight lift from their shoulders last week. Plus: Four of the six talk about the whole experience on this video.After a hostile reception by the Justices at oral arguments, plaintiffs lawyers doubted the high court would endorse U.S. securities claims by foreign investors who bought shares of foreign companies on foreign exchanges. They just prayed the damage would be limited. Those hopes were dashed by the Court's unanimous ruling Thursday. We've got analysis from the lawyers who argued both sides at the Court.
Rogers & Wells Adopting British Pay System
When London-based Clifford Chance recruited its first U.S.-qualified lawyer in New York just seven years ago, senior partner Keith Clark, to ease suspicion, called his counterparts at top Manhattan firms to tell them his firm would do no more hiring here and had no intentions of developing a comprehensive U.S. practice. It is a different story now. Not only has Clifford Chance become an international legal behemoth, it will start compensating U.S. partners British style, in a modified lockstep system.Businesses Win End to Multiple Apartheid Suits
A federal judge in New York has dismissed a series of cases in which plaintiffs sought to recover billions of dollars from a host of companies who did business with the regime in South Africa during the days of apartheid. The judge found there was no jurisdiction to entertain the cases -- which were brought under the Alien Tort Claims Act against companies including IBM -- because there had been no showing that the companies violated international law.Dechert Antitrust Practice Rated Among Top in U.S.
Dechert Antitrust Practice Rated Among Top in U.S.It took Calhoon and his partners at Baker Botts nearly a decade to get claims that Vivendi breached the terms of a multibillion deal with their client in front of a jury. But it paid off on Monday, when Calhoon won a $956 million verdict for Liberty Media Corp.
Silicon Valley Pioneer Folds Office
Brown & Bain, once one of the Silicon Valley's leading intellectual property litigation firms, is closing its Palo Alto office at the end of July. The decision, which comes after years of setbacks for the office, ends a 20-year run in the Valley for a firm that waged landmark IP wars on behalf of Apple Computer Inc. and Intel Corp.A Buyer's Guide to Law Firm Software
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