• In a sign that tough competition in Australia is hitting foreign firms, Skadden, Arps, Slate, Meagher & Flom is leaving the country, while Clifford Chance is replacing its management and other firms are losing key staff. (Financial Review)
• Covington & Burling’s investments in 2015 led to a 4 percent contraction in profits per partner, despite a 5 percent increase in revenues, according to early numbers. (National Law Journal)
• The Saudi Arabian Capital Market Authority has fined a lawyer at Shearman & Sterling’s associated office in the kingdom 560,000 riyals ($149,318) for market manipulation. (The Lawyer)
• With the global ...
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