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On the Verge of Mergers, Reed Smith Revenues Rise 14 Percent
On the verge of finalizing two of the largest mergers in its history, Reed Smith again reported big increases in several financial indicators in 2006, including a 14.4 percent increase in gross revenue, from about $563 million in 2005 to nearly $644 million in 2006, as well as a 17.5 percent increase in profits per equity partner. One consultant said the most impressive aspect is that the firm increased its average compensation for all partners while increasing its non-equity partner tier.New Jersey Division of Youth and Family Services v. N.S. and R.B.
Dual representation of a Title Nine litigant, who is also a criminal defendant, may be allowed after notice and review to determine if a conflict exists and whether access to division records is necessary. Title 9 defendants must reserve the right to challenge an interlocutory finding of abuse or neglect.Bush Official Apologizes for Slap at Guantanamo Detainees' Lawyers
A Department of Defense lawyer apologized Wednesday for his comments suggesting that corporations boycott law firms that represent detainees at the Guantanamo Bay detention facility. In a letter to The Washington Post, Charles Cully Stimson said the comments, made during a radio interview, "do not reflect my core beliefs." His apology came two days after the Pentagon disavowed his statements, saying they did not represent Defense Department views. The remarks had touched off a salvo of criticism.Megamerger Has A Mainstream Lesson
Bringing together 2,475 lawyers and more than $1 billion in revenues, the marriage of London's Clifford Chance and New York's Rogers & Wells L.L.P., the first trans-Atlantic law firm merger, is all the buzz in New York, where competition for the capital markets legal work will be most affected by the union. But are most lawyers following the story of the rise of this multinational law firm?DOJ-UBS Compromise May Pry Loose Names of Biggest Tax Cheats
A compromise between the U.S. Justice Department and Swiss banking behemoth UBS in their dispute over the release of 52,000 names of U.S. account holders most likely would focus on the more egregious violators who used corporations and foundations to cheat the Internal Revenue Service, tax experts said Monday. A settlement would allow the IRS to avoid a protracted legal fight, which could delay the IRS' primary objective of collecting taxes on an estimated $17 billion in hidden assets.State AI Legislation Is on the Move in 2024
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2024 ESI Risk Management & Litigation Readiness Report
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A Buyer's Guide to Law Firm Software
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