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Corporate profit rebound slows in 'grind-it-out' economy
This year's rebound in corporate earnings is losing steam as slower economic growth and greater strain on consumers threaten sales and profit margins at companies from Texas Instruments Inc. to Google Inc. Earnings per share for the Standard & Poor's 500, excluding financial companies, rose 14 percent in the third quarter, the smallest gain since the end of 2009, analysts' estimates compiled by Bloomberg show.Legal Service Head Quits After One Year
Consumer organization Which is looking for a new head of its Legal Service division following the departure of Gordon Wilson after just a year in the role. Which Legal Service provides consumers with legal advice over the phone, dealing with issues such as employment law, disputes with neighbors and problems with goods and services. The organization denied that Wilson's decision to quit was prompted by a disagreement over the future direction of Which's legal function.Lawyers Face New Challenges From Global Competition
U.S. lawyers "face competition not only from other law firms, but from nonlegal service providers within this country and from law firms and other providers from outside the United States," according to a preliminary report by a special committee of the New York State Bar Association.Grave New World: NY Lawyers Challenged by the Global Market, Daily Life
Berwin Leighton to Open Beijing Office
Berwin Leighton Paisner has announced it will open a Beijing office, its first in mainland China. Former firm Chairman Peter Robinson will head the office, which plans to begin operations in May and will focus on advising clients on inbound infrastructure and real estate deals, as well as outbound transactions by Chinese companies.MasterCard Faces Fines From European Commission
MasterCard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday. The European Commission said that multilateral interchange fees charged to consumers for payments made in a different European country with either their MasterCard credit cards or Maestro debit cards unfairly inflated costs for retailers. The EU Competition Commissioner will also reopen a probe into Visa's fees on Dec. 31.A Buyer's Guide to Law Firm Software
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