The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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 Winston & Strawn is being sued for nearly $40m (£21.7m) by the city council of a town in New York State for providing bad advice on a trash-hauling deal in the mid-1990s.
The Town of North Hempstead claims the firm provided bad advice in relation to a trash-hauling contract it backed out of in 1993. It was subsequently sued for $32m (£17.36m) in 1999 by Sumitomo Bank, which had lent the town $8.5m (£4.6m) as part of the contract.
The town is now seeking to recover the $32m (£17.4m), plus legal fees and interest, on the basis that Winston & Strawn wrongly advised that it did not have to repay the $8.5m (£4.6m) or replace the trash-hauling company.
However, a spokesman for Chicago-based firm Winston & Strawn claimed that the matter was unfounded, as it was the town's own attorneys that made the decisions under challenge.
If the matter proceeds, a trial is expected next year.