Bloomberg Law
Feb. 11, 2016, 12:46 PM UTC

Wake Up Call: In Australia, Skadden Leaves, Other Firms Make Changes

Elizabeth Olson
Elizabeth Olson
Special Correspondent

• 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 ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.