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: International and UK Law

Competition from America has driven change

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THE situation is driven by the recession, but law firms have been quietly restructuring over the past five years, moving partners from equity status to salary status and cutting out noncore business. Part of this is because the big firms are now competing against American firms, particularly in New York. Some British firms are streamlining in anticipation of American mergers.

Full post as published by International and UK Law on January 31, 2009 (boomark / email).

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Bank of America Settles Merrill Lynch Class Action for $150 Million

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