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Citigroup Settles WorldCom Litigation
The cleanup after the collapse of WorldCom Inc. advanced Monday when Citigroup Inc. announced it would pay investors $2.65 billion to settle claims that one of its investment banking units helped disguise WorldCom's accounting fraud. The settlement, if approved by federal Judge Denise Cote, removes a central player from the litigation spawned by WorldCom's revelation that it hid more than $11 billion in costs on its balance sheet.Bonuses at Law Firms Not Guaranteed in 2009
It's the end of the year and you've put in some grueling hours at your law firm. Normally, you'd expect there will be a little something extra for your efforts, but this year has been anything but normal for most people. Some firms may be ready to be as generous as possible, while others seem to feel that being employed in this economy is bonus enough. "Bonuses will be few and far between," said Peter Giuliani, a law firm economic adviser. "It's going to be a lean year for some associates."The Change Agenda: A Long Time Coming
To a market that just keeps rolling, four factors may bring fundamental change. Someday.Hogan and Lovells Partners Approve Merger
Partners at Hogan & Hartson and Lovells signed off on their megamerger in separate votes that ended at midnight on Monday.How Much Will 'Best Law Firms for Women' List Influence Attorneys?
Female law students entering the recruiting season have another weapon for their interviewing arsenal: a list of the 50 U.S. firms deemed most woman-friendly. The survey by Working Mother magazine and Flex-Time Lawyers covers benefits and compensation; parental leave and policies; child care; workforce profile; flexibility; and retention and advancement. Some women in the profession, however, question how much of an impact the list might have on a newly minted attorney's employment decisions.State AI Legislation Is on the Move in 2024
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