IMF (Australia) Ltd., which pioneered the field of third-party litigation finance in Australia, has launched a New York subsidiary, Bentham Capital LLC., which is aiming to break into the small but increasingly competitive field of funding U.S. commercial litigation.
Hewlett-Packard is buying legal technology giant Autonomy for $10.3 billion in the field’s largest-ever deal. Autonomy customers said they have been disappointed with Autonomy’s recent products and are cautiously hopeful that HP can improve the software company’s engineering and service. Experts say it may indicate still more large deals to come.Visit Law Technology News
A year ahead of the end of Arthur Culvahouse’s term as O’Melveny & Myers’ chair, the firm’s policy committee has narrowed to three the field of partners being considered to succeed him. The winnowing comes amid a wave of key partner defections that have hit O’Melveny hard.
Wilmer Cutler Pickering Hale and Dorr is facing the prospect of making $214 million in payments to one of its clients — an amount that would potentially put the case among the largest public settlements ever for legal malpractice, people in the field say.
The 4th Circuit has ruled that the ADA requires the Washington Redskins and operators of FedEx Field to provide song lyrics and other aural content to deaf fans.