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.
BARRACK Rodos & Bacine of Philadelphia and Manhattan's Bernstein Litowitz Berger & Grossmann reaped more than $194m (£109.9m) in fees from the latest WorldCom settlement.
A US federal judge approved more than $3.5bn (£1.98bn) for WorldCom investors, taking the total compensation to $6.1bn (£3.45bn) and bolstering the two firms' attorney fees to $335m (£190m) after they had logged 277,862 hours. Among the defendants were 17 underwriters, 12 WorldCom directors, former auditor Arthur Andersen and the now notorious former chief executive officer Bernard Ebbers and ex-chief financial officer Scott Sullivan.
The settlements compensate more than 800,000 individual and institutional investors as a result of WorldCom's collapse in 2002.
Meanwhile, the embattled Delta Air Lines used Atlanta's Alston & Bird (which billed Enron around $70m (£39.6m) for legal work on its bankruptcy) for advice as it works through Chapter 11 bankruptcy proceedings.