IFLR Search

New York firms criticized in survey

New York firms offer poor value for money and are arrogant, according to a new survey. Of the in-house counsel consulted outside New York, 58% said New York firms offer less value for money than other firms. Of all the in-house counsel, 20% expected to use New York firms less; under 3% expected to use them more.

December 01 1996

Changes afoot in Italy

International firms are increasing their ambitions in Italy. At the same time, Italian firms are looking to expand abroad.

December 01 1996

McKenna 'considers US merger offer'

Denton Hall has pulled out of the reported discussions between three London firms on a possible three-way merger. The two other firms, McKenna & Co and Cameron Markby Hewitt, are reported to be continuing their discussions, but other plans may intervene.

December 01 1996

Austrian lawyers wait for competition to arrive

For the first time, Austria's bar association rules are being called into question and competition is likely to arrive soon. Austrian firms are preparing for mergers to face that competition. By Samantha Wigham

December 01 1996

Dechert reinforces Brussels practice

US law firm Dechert Price & Rhoads has brought in four new lawyers to strengthen its Brussels office. International litigation and arbitration partner Melvin Schwarz has relocated from New York. "Our office has two divisions: the international division and the Belgian corporate and commercial practice," explains Brussels managing partner Richard Temko. "Melvin will be concentrating on litigation outside Belgium, in particular arbitration panels in London and Paris."

November 01 1996

Italy

A draft Legislative Decree implementing EU Directive 19/94 was submitted in September to Parliament by the Council of Ministers.

November 01 1996

Spain

Spanish tax law provides a significant obstacle to the implementation of Employee Share Participation Schemes (ESPSs), in that the transfer of shares to employees at no cost or at below-market prices is subject to taxation. Perhaps for this reason, such schemes have not become well developed in Spain.

November 01 1996

Bankers' acceptances smooth Canadian-US cross-border credit

Despite their frequent use in Canada, US lawyers are often puzzled by bankers' acceptances. Lisa Boulton of Tory Tory DesLauriers & Binnington, Toronto, explains why they are so popular in Canada's money markets

November 01 1996

Court of Appeal throws case law in doubt

The Royal Trust Bank decision has left uncertainty as to how best to create a fixed charge over receivables. Chris Hanson and Geoffrey Yeowart of Lovell White Durrant, London, attempt to reconcile the cases

November 01 1996

Another IP boutique swallowed up

US firm Oppenheimer Wolff & Donnelly will merge with Californian intellectual property (IP) firm Poms, Smith, Lande & Rose on January 1 1997. The new firm will have one of the largest IP practices in the US and hopes to rank in the top 10 firms for trade marks issued. The firm will have 11 offices.

November 01 1996

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