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Spain Claims US 'Pirates' Stole Sunken Treasure from Underseas Galleon
A federal court ruling against a Florida-based deep-sea exploration company last month apparently has led to a claim by the Spanish government that Odyssey Marine Exploration "pirates" stole underseas treasure from a Spanish warship sunk by the British navy off the coast of Portugal in 1804 with some 200 people…
ABA Journal  –  55 minutes ago  ¦  comment?
Weil signs LPC deal with College of Law
Weil Gotshal & Manges has signed a deal with the College of Law that will see the US firm's City trainees on the Legal Practice Course (LPC) receive bespoke training from the education provider. Under the terms of the deal, which takes effect from September 2009, Weil Gotshal's annual intake of trainees will spend two terms at the College in Moorgate before a final term studying the firm's bespoke electives.
Legal Week  –  55 minutes ago  ¦  comment?
Lawyers 'in the Middle' at Most at Risk of Firings
At big law firms, mid-level lawyers are at the greatest risk of being laid off in the economic downturn. Dan Weiner, co-chair of the personnel committee at Hughes Hubbard, told the Wall Street Journal Law Blog that junior associates may be safer than their…
ABA Journal  –  55 minutes ago  ¦  comment?
A&O Italy loses corporate partner to bank
Allen & Overy (A&O) has lost the former head of its Italian corporate department, with Paolo Cerina set to join Babcock & Brown. The M&A partner spent his final day with the firm last Friday (9 May) and joins the Australian investment bank in Milan.
Legal Week  –  1 hour, 56 minutes ago  ¦  comment?
Olswang ups pay but NQ rate stays flat at £62k
Olswang has become the latest City firm to announce increases in its associate salaries, although rates for newly-qualified solicitors (NQs) at the top 30 UK outfit have been frozen at their current levels. Lawyers with one year post-qualification experience (PQE) will now pick up a minimum of £66,000 — up by £1,000 on last year and representing a hike of 1.5%.
Legal Week  –  2 hours, 56 minutes ago  ¦  comment?
Herbies corporate man in Covington City switch
Covington & Burling has announced the hire of the former head of Herbert Smith's Paris corporate practice, Mike Kingston. Kingston joins Covington's London arm to head up the Washington DC-based firm's European corporate practice.
Legal Week  –  2 hours, 56 minutes ago  ¦  comment?
Paul Hastings scotches lay-off reports
Paul Hastings Janofsky & Walker has denied reports in the US that the firm is laying off attorneys, writes The American Lawyer. On Monday, Above the Law posted a leaked email to Paul Hastings associates from Shinyung Oh, a commercial litigation lawyer who was fired by the firm on 30 April. The email noted that she was let go six days after a miscarriage and a few months after a poor performance review. The legal blog touted the missive as proof of lay-offs and in a follow-up post said the firm h
Legal Week  –  3 hours, 56 minutes ago  ¦  comment?
...Legal Week Lunchbox: 12/05/08...
The five most popular articles on legalweek.com today; plus the pick of the day's posts; a new Career Clinic dilemma; and more
Legal Week  –  6 hours, 16 minutes ago  ¦  comment?
Case Shines Light on Security Firms
The Kazakhstan president's daughter used U.S. security firms to learn about a bribery probe involving her father that has stymied the nation's access to $84 million in disputed funds.
Wall Street Journal  –  10 hours, 10 minutes ago  ¦  comment?
Pacific Lumber Settlement Is Questioned by Bondholders
Bondholders in Pacific Lumber's bankruptcy case want to investigate possible fraud in a settlement deal that calls for it to abandon a reorganization plan and support a rival proposal.
Wall Street Journal  –  11 hours, 16 minutes ago  ¦  comment?