The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
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.