The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
US firm Akin Gump Strauss Hauer & Feld is facing a massive $4.4bn claim from ex-hedge fund managers James McBride and Kevin Larson.
McBride and Larson each paid out $750,000 after the Securities and Exchange Commission (SEC) prosecuted them for the illegal purchasing of mutual fund shares after the markets closed at 4pm for the Veras series of funds.
They allege that Akin Gump advised them that the practice of late trading was legal and that the firm is responsible for their losses.
A spokesperson for the firm said: “Akin Gump acted ethically and in its client’s best interests. Akin Gump is forcefully defending this case, and we are confident we will prevail.”
The case will be heard at the Manhattan Supreme Court.