U.S. 100 dollar notes

Law firms' year-end bonuses come with strings attached

Dec 7th 16:26 pm EDT

The much-hyped year-end bonuses offered by Cravath Swaine & Moore and other U.S. law firms are not all that great as they come with conditions attached.

Goldbeck McCafferty & McKeever law firm

Penn. law firm accused of using non-lawyers to review, sign foreclosures

Dec 7th 13:02 pm EDT

A Pennsylvania-based law firm has been sued for using non-lawyers to review, sign and file foreclosures that caused people to lose their homes.

Confiscated CDs, books and video tape with child pornography content are on display at Saxony Anhalt's state police bureau of investigation in Magdeburg, near Berlin, September 26, 2003

Florida court reverses conviction of school principal accused of child porn

Dec 7th 11:45 am EDT

A three-judge bench of the Second District Court of Appeal in Lakeland, Florida, has ruled that pasting of face photos of 11- and 12-year old children over the heads of nude adult women doesn't amount to child pornography.

American Bar Association website

ABA delays decision on accreditation of foreign law schools

Dec 7th 09:43 am EDT

The council of the American Bar Association's (ABA) Section of Legal Education and Admissions to the Bar is delaying on deciding whether to accredit foreign law schools because the matter needs more study.

U.S. President Barack Obama holds a news conference in the Brady Press Briefing Room at the White House in Washington, December 7, 2010. Legal Issues
Obama defends tax deal, says long battle averted

President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to ...

Former Federal Reserve Chairman Paul Volcker. Legal Issues
Tax plan increases deficit, group says

With a deal announced between the Obama administration and Congressional Republicans to extend the Bush-era tax cuts for everyone, incl...

U.S. President Barack Obama makes a statement on tax cuts and unemployment insurance at the White House in Washington December 6, 2010. Obama said on Monday he had reached an agreement with Republicans on how to extend expiring tax cuts and include an ext News
Obama, Republicans reach deal on taxes

President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans ...

China money rate tumbles as big banks unleash cash News
US-China bust-up on trade will escalate to crisis levels in 2012

Global trade protectionism will accelerate in the years ahead and the tussle between the U.S. and China over trade and other issues wil...

Wikileaks News
Wikileaks founder Assange arrested by British police

Julian Assange, the founder of Wikileaks, was arrested on Tuesday in relation to a Swedish sex-crime case, the London Metropolitan Police said.

UK-based banks "not yet moving to Hong Kong" News
HSBC fights Madoff claim; new settlement reached

HSBC Holdings Plc said claims the bank aided the fraud of convicted swindler Bernard Madoff were unfounded and it would "defend it...

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  • Geithner warns EU on hedge-fund law

    U.S. Treasury Secretary Timothy Geithner has written to French economy minister Christine Lagarde warning her against curbing foreign h...

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