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September 2008 Archives

Crunch watch: Deloitte wades in in only slightly gloomy style

10/09/2008

Another handy indicator has emerged for anxious law firm leaders trying to predict the impact of the crunch on the legal community, this time in the shape of Deloitte’s quarterly results. The numbers, covering the first financial quarter of 2008-09,...

The cats fall in line

16/09/2008

For an avowedly conservative profession, attitudes can change at a fair old pace in law. Diversity, race, corporate social responsibility – these are all issues where there has been a palpable shift in sentiment over recent years. But on the...

After Lehman: from apocalypse to merger mania in three easy steps

17/09/2008

It’s a cliche to say that intense activity in business, even to the extent of outright turmoil, is good for commercial lawyers. But this week’s extraordinary events on Wall Street are a reminder that the reason it’s a cliche is...

Maxwell, Barings... Lehman - are litigators to return to centre stage?

17/09/2008

Maxwell, Lloyd’s of London, Barings, BCCI…  in recent years, if these cases were mentioned at all it was in the context of the decline in big-ticket litigation and the need to clamp down on spiralling legal costs. But at the...

How free-market are lawyers feeling as public solutions turn the tide?

19/09/2008

The commentator Polly Toynbee came in for some predictable stick from readers recently when I highlighted an extract from her latest book in which she quizzed a group of senior lawyers on their deeply hostile attitudes towards taxation as a...

Bursting Wragges’ bubble

22/09/2008

Business is business and, for the most part, the stream of announcements of law firm job cuts seen so far have been proportionate and hard to avoid. But it’s hard to see how the announcement today from Wragge & Co...

Heller’s familiar fate

25/09/2008

They may not be quite as flaky as their banking counterparts, but news this week of Heller Ehrman's dissolution is a reminder that US law firms can be surprisingly vulnerable institutions.Heller's closure follows a pattern familiar from other US collapses of the noughties;...

Tender mercies

30/09/2008

Talk about saying the wrong thing. The reaction of a bunch of in-house lawyers to a law firm partner’s advice on how to improve the tendering process was telling. “Sometimes,” the partner had observed, “legal departments send invitations to tender...

 

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