Belt-tightening: Legal Week via Law.com reports that top London law firms promoted ten percent fewer partners in the last financial year—a likely signal that firms are cutting costs in anticipation of an economic downturn.
Inside Bear Stearns: The WSJ has this story today detailing the months leading up to Bear Stearns’ meltdown. Insiders say the investment bank “imploded because it was at war with itself.”
Tishman's Trouble: The NYT reports that Tishman Speyer has denied renewal of about 800 rent-stabilized leases since 2006. Residents in two of Tishman’s Manhattan properties are the latest to sue the company, claiming they’re being pushed out to make room for higher-rent tenants.
R. Kelly: The Chicago Tribune has the latest on R&B singer R. Kelly’s child pornography trial in Cook County criminal court, and recaps last week’s best moments for both the prosecution and the defense.
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