As the economy tanks, legal outsourcing to India increases

As the ailing U.S. economy prompts companies to cut costs, it also has spawned legal fee cutbacks. Clients pressure law firms they hire to trim fees. That means more routine work like legal research, due

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Larger Foreign Corrupt Practices Act Fines Ahead

From: The National Law Journal, November 25, 2008 The U.S. Securities and Exchange Commission expects in the next two to six months to slap larger penalties than in the past on a number of companies that

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In Xerox Class Action, Fees for Temp Lawyers Take Center Stage

From: The Wall Street Journal, November 24, 2008 Here’s a question: After a big class-action settlement, how much should a plaintiffs’ firm be allowed to recover for its use of temporary lawyers?

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How to Buy eDiscovery Software

November 22, 2008  Purchasing software for electronic discovery is not easy. No, we don’t expect contract attorneys to be buying.  But we thought it would be of interest to you anyway, especially

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InBev Seals $52bn Deal with Anheuser; BHP to Give Details on Rio Takeover Bid

November 19, 2008 For the 500+ Posse List members who worked on these transactions: InBev completed its $52bn purchase of Anheuser-Busch on Tuesday, making it the world’s largest brewer and marking

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Recent Opinion Raises Concerns Over Metadata

From: New Jersey Law Journal, November 17, 2008 By producing an electronic document in discovery, you may breach the attorney-client privilege, according to an ethics opinion regarding metadata issued

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Skadden Leads Half-Dozen Firms in Circuit City Bankruptcy

From: The American Lawyer, November 11, 2008 Circuit City, among the nation’s largest retailers with more than 700 stores in the U.S., hired Skadden, Arps, Slate, Meagher & Flom last month in

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Will M&As Skate Through the DOJ Now?

From: NYT DealBook, November 11, 2008 While history might indicate that antitrust hurdles may higher under a Democratic president, this is unlikely to be the case in Barack Obama’s presidency, Andrew

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Treasury Begins TARP Rollout

SIFMA (the Securities Industry and Financial Markets Association) had its “SIFMA Summit” in NYC today on the Troubled Asset Relief Program (TARP).  One of the presenters was Neel Kashkari,

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The “Foreign Corrupt Practices Act” Seizes the Spotlight

From: mondaq.com, November 9, 2008 In the fervor of conducting trade globally, U.S. companies may inadvertently expose themselves to risk by having inadequate policies, procedures, and monitoring controls

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