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Furor in Bahrain
Law firms Baker & McKenzie, Norton Rose, and Trowers & Hamlins are at the center of a storm in Bahrain, facing a revolt by domestic law firms, according to the Lawyer Group.
Three partners and six associates of Trowers are based in Bahrain and Bakers has two partners and three lawyers there. The firms received licensure to practice in Bahrain from the Ministry of Industry & Commerce.
According to the Bahrain Bar Association, however, only the Ministry of Justice can issue licenses to foreign law firms to operate in Bahrain. An operating license issued by any other body is not valid. Bahraini law firms have even gone as far as filing lawsuits against the Ministry of Industry and Commerce in order to revoke the firms' licenses.
Law firm among sponsors for financial education initiative
A new non-profit organization called The Financial Institutions Forum has been established by the law firm Powell Goldstein, accounting firm Porter Keadle Moore LLP, and The Bankers Bank.
The three plan to sponsor low budget continuing professional and legal education. The forum has been created to supplement existing state and national educational courses, not to compete with them.
Funding for the events will come solely from sponsorships and registration fees. Conferences offered by the forum will be without charge and open to the public.
Accolades for Proskauer Rose
The international law firm Proskauer Rose has been recognized for outstanding achievement in the latest edition of Chambers USA. Individual attorney rankings have increased 30% and practice rankings by 25%. The firm's sports law, ERISA litigation, equity fund formation, employment defense practices, corporate/M&A, healthcare, wealth management, and commercial litigation practices received Chambers' top rankings.
The annual Chambers USA rankings are determined from interviews with clients and attorneys carried out across the country. The results are independently audited based on a number of criteria, which include technical legal ability, professional conduct, client service, commercial awareness, diligence, and commitment.
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