Malaysia sovereign fund 1MDB files legal claim over $1bn alleged …
Dec 23, 2024 · Former Malaysian sovereign wealth fund 1MDB has filed a $1bn claim against a Hong Kong-based corporate services provider for alleged fraud. Amicorp Group, its chief executive officer Toine Knipping and eight related entities “played a vital role” in facilitating the alleged money-laundering of more than $7bn, according to the claim filed in the British Virgin Islands (BVI) by the fund’s ...
Bonus season gets underway as quartet of Big Law firms fall in line ...
Nov 21, 2024 · A quartet of Big Law firms have unveiled their bonuses for associates, matching the $21,000 to $140,000 benchmark set earlier this month by Milbank.
From ‘no’ to common sense in corporate legal departments
Dec 19, 2024 · “My unofficial title is VP of fix it and vice president of make it happen,” said Rodney C. Pratt, LVMH North America’s chief legal officer as he and his colleague Samantha Shipp Warrick began a discussion on the value of a business-first mindset in the legal department.
Marks & Clerk agrees settlement over alleged secret commissions …
London IP firm Marks & Clerk has agreed a settlement over claims it received secret commissions from CPA Global in return for client referrals.
Ex-Freshfields partner suspended by tribunal over allegations of ...
A former Freshfields partner has been suspended for two years and ordered to pay costs of £66,000 by the Solicitors Disciplinary Tribunal (SDT) in relation to allegations of “inappropriate” behaviour.
Firms asked to help trainees stranded by ‘imminent closure’ of US …
Aug 28, 2024 · London’s legal community has been called to support trainee solicitors impacted by the impending closure of a US firm’s London office, identified as Armstrong Teasdale.
Skadden to close in Shanghai, cut roles in China corporate practice ...
Oct 18, 2024 · Skadden Arps Slate Meagher & Flom is set to close its Shanghai office and cut roles from its China corporate practice. The move, which will see the New York firm consolidate its mainland China presence in Beijing, is in line with similar measures taken by …
Baker Hostetler adds 10-lawyer Locke Lord team for Austin debut
Dec 11, 2024 · BakerHostetler has hired a 10-lawyer transactional team from Locke Lord to open an office in Austin, its third in Texas and 18th overall. The incoming team is led by partner Cynthia Bast and will bolster 1,000-lawyer BakerHostetler’s …
Co-founder of Powell Gilbert joins Morgan Lewis
Oct 14, 2024 · US law firm Morgan Lewis & Bockius has hired Tim Powell, the co-founder of boutique IP firm Powell Gilbert, as a partner in its London office.
Latest global legal news, jobs, comments and blogs - The Global …
Get the latest legal news, legal jobs from The Global Legal Post, including opinions and commentary from leading legal observers.