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Burford Capital Profits Up 25%
April 11, 2014
Burford Capital posts a 25% increase in profit before tax for 20131 to $42.5m in the year to the end of December. The group reports notable increases in income from both the litigation investment and insurance businesses with a 20% increase in litigation-related investment income reflecting continued portfolio activity and maturity and a 29% increase in insurance income during the period of Burford's ownership reflecting strong performance of the historical book. A dividend increase of 10% to 5.23¢...
April 11, 2014
Burford Capital posts a 25% increase in profit before tax for 20131 to $42.5m in the year to the end of December. The group reports notable increases in income from both the litigation investment and insurance businesses with a 20% increase in litigation-related investment income reflecting continued portfolio activity and maturity and a 29% increase in insurance income during the period of Burford's ownership reflecting strong performance of the historical book. A dividend increase of 10% to 5.23¢...
Bill Strong to Join Litigation Finance Company Longford Capital
April 11, 2014
Longford Capital today announced that William H. (Bill) Strong, 61, will join the private investment company specializing in litigation finance as chairman, effective May 1. At that time, Mr. Strong also will be admitted as a partner of Longford Capital Management, LP, and as a member of Longford Investment Group, LLC. A prominent international investment banker, Mr. Strong has worked in the financial services industry for more than 35 years, most recently as a member of Morgan Stanley’s Global...
April 11, 2014
Longford Capital today announced that William H. (Bill) Strong, 61, will join the private investment company specializing in litigation finance as chairman, effective May 1. At that time, Mr. Strong also will be admitted as a partner of Longford Capital Management, LP, and as a member of Longford Investment Group, LLC. A prominent international investment banker, Mr. Strong has worked in the financial services industry for more than 35 years, most recently as a member of Morgan Stanley’s Global...
Understanding the Economic Value of Trade Secrets
April 11, 2014
The economic value of trade secrets, like other forms of intellectual property (IP), lies in the proprietary competitive advantage gained from use coupled with the exclusion of others from such use. But unlike the right to exclude others from using a patent for a limited period of time, which arises from a government granted monopoly tied to disclosure, the right to exclude others from the use of a trade secret arises from limited disclosure and reasonable efforts to maintain secrecy. This article...
April 11, 2014
The economic value of trade secrets, like other forms of intellectual property (IP), lies in the proprietary competitive advantage gained from use coupled with the exclusion of others from such use. But unlike the right to exclude others from using a patent for a limited period of time, which arises from a government granted monopoly tied to disclosure, the right to exclude others from the use of a trade secret arises from limited disclosure and reasonable efforts to maintain secrecy. This article...
Technology Leveling the Field for Outside Firms
April 10, 2014
XOS Digital Inc.’s general counsel and executive vice president Stephen Kaplan recently spoke with Colin O’Keefe of LXBN about how small firms can use technology to compete with their larger competitors for the coveted in-house clients and just what he’s looking for as general counsel. * * * When asked whether he’s shopping for a firm or individual lawyers when looking for outside counsel, Kaplan explained it’s both. For large-scale transactions or litigations that will affect the life...
April 10, 2014
XOS Digital Inc.’s general counsel and executive vice president Stephen Kaplan recently spoke with Colin O’Keefe of LXBN about how small firms can use technology to compete with their larger competitors for the coveted in-house clients and just what he’s looking for as general counsel. * * * When asked whether he’s shopping for a firm or individual lawyers when looking for outside counsel, Kaplan explained it’s both. For large-scale transactions or litigations that will affect the life...
Complex IP Litigation Gets an Instruction Manual
April 10, 2014
The intricacies of intellectual property litigation present many challenges, and even experienced attorneys sometimes fail...
April 10, 2014
The intricacies of intellectual property litigation present many challenges, and even experienced attorneys sometimes fail...
Judiciary Looks to Stabilize Financial Position in 2015
April 10, 2014
A representative of the Judicial Conference today expressed strong concerns to Congress about the Judiciary’s long-term...
April 10, 2014
A representative of the Judicial Conference today expressed strong concerns to Congress about the Judiciary’s long-term...
Five Day Mediation Supported $7.5 Million Fee Award for Class Counsel
April 10, 2014
A federal trial court approved attorneys’ fees of $7.5 million for class counsel, which was the maximum agreed to in a settlement that was reached after five all-day mediation sessions; the court rejected defendant’s objection to four senior partners attending each mediation session, as mediation ultimately led to settlement. Moore v. Verizon Communications, Inc., No. C 09-1823 SBA (U.S.D.C. N.D. Cal., February 14, 2014)
April 10, 2014
A federal trial court approved attorneys’ fees of $7.5 million for class counsel, which was the maximum agreed to in a settlement that was reached after five all-day mediation sessions; the court rejected defendant’s objection to four senior partners attending each mediation session, as mediation ultimately led to settlement. Moore v. Verizon Communications, Inc., No. C 09-1823 SBA (U.S.D.C. N.D. Cal., February 14, 2014)
Protecting Trade Secrets Stored in the Cloud
April 10, 2014
As cloud computing has become a ubiquitous part of our personal and professional lives, businesses are rethinking how they...
April 10, 2014
As cloud computing has become a ubiquitous part of our personal and professional lives, businesses are rethinking how they...
Law Practice: From Art to Science
April 9, 2014
No one who believes that their chosen pursuit is an art enjoys being told there’s more science—and process—to it than they think. But that’s what we have in the field of law, explains Daniel Linna, Jr. at ReInvent Law NYC.
April 9, 2014
No one who believes that their chosen pursuit is an art enjoys being told there’s more science—and process—to it than they think. But that’s what we have in the field of law, explains Daniel Linna, Jr. at ReInvent Law NYC.
Anadarko Agrees to Record $5B Environmental Settlement
April 9, 2014
In the U.S. Justice Department’s largest environmental enforcement recovery ever, Kerr-McGee Corp. and its parent Anadarko Petroleum Corp. today agreed to pay $5.15 billion to settle charges that they fraudulently tried to duck responsibility to pay for environmental cleanup after decades of contamination. “Kerr-McGee's businesses all over this country left significant, lasting environmental damage in their wake,” Deputy Attorney General James Cole said in a written statement. “It tried...
April 9, 2014
In the U.S. Justice Department’s largest environmental enforcement recovery ever, Kerr-McGee Corp. and its parent Anadarko Petroleum Corp. today agreed to pay $5.15 billion to settle charges that they fraudulently tried to duck responsibility to pay for environmental cleanup after decades of contamination. “Kerr-McGee's businesses all over this country left significant, lasting environmental damage in their wake,” Deputy Attorney General James Cole said in a written statement. “It tried...
