Information Filled Under 'Trends in the Legal Industry' Category
Lawyers fall silent as Rio Four trial opens in Shanghai Monday, March 22nd, 2010
Four executives of Rio Tinto will stand trial in Shanghai today after more than seven months in custody since their arrest in China, originally on suspicion of espionage.
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Lawyers fall silent as Rio Four trial opens in Shanghai
Now that everyone uses email it is rare to hear the whirr of a fax, so Jessica Asato was surprised when the ancient machine at the London offices of Progress, the left-wing think tank where she is acting director, came to life last October. She was even more surprised when she saw what was emerging — a letter from Carter-Ruck, the libel lawyers.
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Wrestling with the libel hydra
Irish police yesterday arrested Sean FitzPatrick, the former chairman of Anglo Irish Bank, as part of a fraud inquiry that is seen as vital to Ireland’s efforts to win back investor confidence.
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Former Anglo Irish chairman arrested in fraud investigation
A British organised crime gang who made tens of millions of pounds selling fake designer clothing across the country has been smashed in an international police operation.
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Police seize fake designer clothing worth £1m in north London raids
A case that pitted two of the City’s most charismatic and combative brokers against each other and provided a window into the tribal, testosterone-fuelled world of London’s interdealer brokers ended yesterday in victory for Terry Smith’s Tullett Prebon.
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Smith declared the winner in courtroom brawl with BGC
A headmistress forced from her job after a campaign by two Muslim governors to give Islam a greater presence in a state school is entitled to £400,000 damages, the Court of Appeal has ruled.
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Court backs £400,000 payout for head teacher who was forced to quit
A Roman Catholic child-adoption society has won a landmark High Court battle that could allow it and other Catholic agencies to discriminate legally against gay couples.
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High Court reverses ban on Catholic Care’s anti-gay adoption policy
The decision by Hector Sants, the chief executive of the Financial Services Authority, to use last week’s Lubbock Lecture at the University of Oxford to outline his plans for a new regulatory approach based on “early detection and intervention through intensive supervision” marked a watershed in financial regulation in the City of London. But that does not make it watertight
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FSA changes: how much arm-twisting will there be?
Jacqueline Perry, QC, of 2 Temple Gardens, has acted, more or less pro bono, for the thalidomide survivors since 1994. She has obtained substantial tranches of money for the Thalidomide Trust, culminating in a further £20 million support package from the Government, together with a formal apology.
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Lawyer of the week: Jacqueline Perry
Is the recession just a blip for law firms and can we expect to return to business as usual once the Government has sorted out the public finances?
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Eversheds report looks at how ‘perfect storm’ will affect the legal profession
In 1873, when the Appellate Committee of the House of Lords was reinstated as the final court of appeal for the United Kingdom, Joseph Bazalgette was busy overseeing the final stages of his monumental project to eradicate “The Great Stink” by providing Central London with 83 miles of underground brick sewers.
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It is clear from existing jurisprudence that the highest court in the land has been self-confidently assertive for some time
A history graduate who hopes to be a human rights barrister scooped the top prize of £3,500 in this year’s Times Law Awards essay competition held with One Essex Court.
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The Times Law Awards 2010: the winners, pictures and essays
There are three things you may have gathered from the media coverage of the new UK Supreme Court; the court has a new café, a jaunty carpet and the Welsh are annoyed because the new crest contains only the leaves of the leek, rather then the whole of the noble bulb.
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New café, jaunty carpet with Supreme Court attached
Would a porn director make a good lawmaker? Clearly, if the new intake of MPs after the general election includes unconventional people they could hardly do worse than some of our present morally dubious, expensescandal stained, dishonourable members.
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The porn maker and the chamber of law
Alexander Lebedev moved a step closer towards buying the Independent newspapers today after the Office of Fair Trading (OFT) ruled that the deal would raise no competition issues.
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OFT rules Alexander Lebedev can buy Independent
The sons of Bernard Madoff, who has been jailed for 150 years for operating a $65 billion Ponzi scheme, claim that they are victims of their father’s crimes, according to court papers filed in a lawsuit against the fraudster$’s relatives.
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Madoff sons claim: ‘We’re victims too’
3/8/2010 — Insurance brokerage Marsh & McLennan Companies Inc. (MMC: News ) has put Kroll , its corporate investigations division, up for sale for about $1.3 billion, according to a report in the Financial Times on Monday. According to the FT report, the sale has attracted private equity firms including the Carlyle Group, Apax Partners and General Atlantic.
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Marsh & McLennan Seeking To Sell Kroll For $1.3 Billion
Scott Stern, Associate Professor, Kellogg School of Management, speaks on “The Pharmaceutical Industry,” during the Judicial Symposium on The Pharmaceutical Industry: Economics, Regulation, and Legal Issues, hosted by Northwestern Law Judicial Education Program in May 2009.
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The Pharmaceutical Industry
BOSTON, Feb 22, 2010 — Iron Mountain Incorporated, an information management services company, today announced it has acquired Santa Clara, Calif.-based Mimosa Systems , Inc., a leader in enterprise-class content archiving solutions, for approximately $112 million in cash, subject to closing adjustments. The deal provides Iron Mountain with an integrated archive for email, SharePoint data and files, and gives the company an on-premises archiving option to complement its existing cloud-based archives
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Iron Mountain Acquires Mimosa Systems
The American Bar Association recently published a report on litigation support software and online document review tools. Some of the software products compared are: Case Logistix Concordance and FYI CT Summation iBlaze iCONECTnXT ImageDepot NextPoint Below is a description of the report as found on the ABA website , which can be downloaded as a PDF by clicking the link below. Litigation support software is designed to aid lawyers in the process of litigation, and generally includes databases for organizing, searching, and reviewing discovery material including deposition transcripts, produced documents, and correspondence.
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Litigation Support Software Comparison Chart
A private investment fund formed by a team of experienced operators, entrepreneurs, and investors is looking for acquisition opportunities in the legal outsourcing industry. The seasoned team of investors are looking for the following characteristics in acquisition candidates: A strong track record of growth Revenues of $5m or greater with 15% or better EBITDA margins Senior management looking to exit or bring on a new partner If you are interested in learning more, please contact me at jenkins.bradley@gmail.com and I will be happy to make an introduction.
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Investment Fund Seeking Acquisition Opportunity in Legal Outsourcing Industry
16 February 2010 — Actis announced today that it has invested US $50 million to acquire a substantial minority stake in Integreon , the leading global provider of legal support, research and business services to law firms, financial institutions and corporations. As part of this investment, JM Trivedi, Actis’s Head of South Asia, and Gautham Radhakrishnan, a Director at Actis, will join Integreon’s board of directors. Actis has invested alongside Ayala Corporation, the oldest and one of the leading conglomerates in the Philippines, which initially invested in Integreon in 2006 through LiveIt Investments, its business process outsourcing holding company.
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Actis Invests US $50 Million in Integreon
Houston, TX — 2/10/10 — Today Flex Discovery Solutions announces the acquisition of Houston, Texas based ImageWorks Digital Document Solutions (ImageWorks). ImageWorks is a litigation support services provider to leading law firms and corporate counsel, both locally and nationally
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Flex Discovery Solutions Acquires ImageWorks Digital Document Solutions
Intermediate Capital Group (“ICG”), a leading independent investor and fund manager, announces that it has acquired a significant minority stake in legal services firm CPA Global , investing alongside the company’s senior management team and the founding shareholders. The acquisition has received the required approvals from CPA Global shareholders as well as the Jersey courts, which sanctioned a new Scheme of Arrangement that came into effect today
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Intermediate Capital Group acquires significant stake in CPA Global
Boston-based Iron Mountain Inc. reports that its California-based electronic discovery subsidiary Stratify has acquired Legal Imaging Technologies Inc., a San Francisco area company specializing in electronic document conversion and imaging processing. Adding LIT’s processes and products into Stratify’s e-discovery capabilities will triple Stratify’s production capabilities in its data center operations that support the North America, EMEA and Asia-Pacific markets, according to Iron Mountain (NYSE: IRM) officials
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Iron Mountain’s Stratify Acquires E-Discovery Company
Michael Smyth, a partner and head of public policy at Clifford Chance, acted for five news groups including The Times, the Financial Times and Reuters, in a case before the European Court of Human Rights that unanimously confirmed the right of the media to protect their sources. The case dates from 2001 where documents had been leaked regarding Interbrew, the brewing giant, about a potential bid for another brewing company
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Lawyer of the Week: Michael Smyth
Royal Bank of Scotland defrauded an Austrian bank by encouraging it to invest in a £140 million sham financial vehicle created for Enron, the collapsed energy giant, a court was told yesterday.
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RBS fights allegation of role in Enron fraud