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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.Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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Practical Guidance Journal: Protecting Work Product in a Generative AI World
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