The latest settlement in litigation over California’s energy crisis includes tens of millions of dollars in attorneys’ fees. California Attorney General Bill Lockyer’s office announced that Houston-based El Paso Corp agreed to a settlement worth $1.6bn (£98m) in payouts. It includes up to $60m (£36.7m) for attorneys’ fees and expenses for 11 plaintiffs’ firms. The firms that will collect a share of the fees include Lieff Cabraser Heimann & Bernstein, Kiesel Boucher & Larson, Girardi & Keese, Engstrom Lipscomb & Lack and O’Donnell & Shaeffer.
CC gets tough on Hong Kong pay
Clifford Chance is slashing its newly-qualifieds’ salaries in Hong Kong and freezing other lawyer salaries in the office.The Lawyer has learned that the magic circle firm is cutting pay for newly-qualified assistants from the standard rate of just under HK$67,000 (£5,250) per month to HK$58,000 (£4,550) per month. It is understood that all the other […]
