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.
Good news for BP's lawyers this week with the news that a Texas judge found their attempts to settle a case through inducements to the other side merely unusual, and not unethical.
The oil giant is currently embroiled in a massive class action case after a refinery explosion in Texas City, which killed 15 workers. It has set aside $1bn (£530m) to deal with the claims - some of which have settled prior to trial later this month.
But the company's in-house legal department in Chicago and its outside counsel, Kenneth Tekell of Houston firm Tekell Book Matthews & Limmer, came up with a plan to settle the rest of the case. They offered $10m (£5.3m) to a lawyer representing the victims, to be payable to a charitable cause on settlement. The lawyer refused and his clients promptly launched a motion alleging that the offer was unethical.
However, Judge Susan Criss declined to hear the motion, ruling that "it was outside the box, but I don't think it was unethical". An encouraging decision for other large US corporations faced with crippling lawsuits.