Mega deals in the metals sector will dwindle in 2013 as big miners, refiners and traders settle for more, smaller transactions, but the shift opens the door for financial investors, state entities and other nontraditional players, according to a report Monday from PricewaterhouseCoopers.
A significantly smaller percentage of in-house counsel used some form of alternative legal fee structures last year, according to a new legal survey from Fulbright & Jaworski LLP that defied previous years' upward trends and more vocal criticism in recent years of the billable hour.
Corporations beefed up their legal departments in 2012 and expect to do the same this year, according to a new report, with mounting regulatory challenges and abundant litigation combining to boost the need for in-house expertise.
In-house corporate lawyers last year rated fixed-fee legal pricing the most effective alternative fee model to the straight billable hour, according to an annual Fulbright & Jaworski LLP survey released Tuesday.
Corporate counsel singled out nearly 100 litigators as the most client service-driven in their field thanks to their innate ability to deliver solid outcomes, effectively communicate litigation strategy and prioritize their clients' business interests.
The Pennsylvania Department of Environmental Protection on Friday pegged the state's natural gas operations at 4 percent of its 2011 industrial air pollution, a sliver of the 72 percent created by power plants, according to its first natural gas emissions review.
A recent analysis by the Natural Resources Defense Council shows that almost all project reviews under the California Environmental Quality Act aren’t challenged in court, but experts said Thursday that the law requiring public agencies to examine projects’ environmental impacts is still in need of improvement to cut delays and boost transparency in litigation.
Outbound investment from developing countries hit record levels during 2012, buoying a global investment landscape hit hard by Europe’s economic woes and political instability across North Africa, according to a World Bank report Thursday.
The U.S. Department of Energy on Wednesday released a long-awaited study recommending the wider export of liquefied natural gas, potentially paving the way for the regulatory approval of 15 pending LNG export facility applications.
The fossil-fuel rich Utica Shale in the eastern U.S., located partly in Pennsylvania, has roughly 38 trillion cubic feet of undiscovered, technically recoverable natural gas, according to an initial resource assessment by the U.S. Geological Survey released Thursday.
Ncondezi Coal Co. Ltd. notified investors Thursday that it will need to find a deep-pocketed equity partner to help finance the 1,800-megawatt coal-fired power plant it wants to add to its planned Mozambique thermal coal mine, which it estimated will cost $2.25 billion.
The U.S. installed twice as much new solar capacity in 2012 as it did last year, according to a Monday report, but attorneys think that figure — inflated by the rush to meet a 2011 deadline for government project grants — will be relatively short-lived.
When dealing with high-stakes litigation, there are four top-notch firms that in-house counsel dread seeing on the other side of the courtroom, according to a new survey of corporate counsel.
The U.S. Department of Energy's internal watchdog didn't discover anything inappropriate in the way the agency hired law firms to help with loan guarantee applications, but recommended greater transparency throughout the process, a report released Thursday said.
A state commission that evaluates the performance and continuing need for government agencies on Friday said the Houston Port Authority, the operator of one of the largest ports in the U.S., needs widespread change to restore public confidence.
For the second year in a row, Law360 has selected and ranked the 20 law firms with the greatest global reach and expertise.
A new report based on interviews with corporate counsel has identified the eighteen law firms with the strongest brands in the legal market.
A series of funding increases to U.S. Department of Energy grant and loan programs, many for alternative energy initiatives, have yielded mixed results, according to a report Tuesday by the U.S. Government Accountability Office.
The U.S. Department of Defense increasingly relies on alternative financing to fund its renewable energy priorities, and that strategy could push prices up unless the DOD can consolidate its policies and promote best practices for energy purchases, the Government Accountability Office said Wednesday.
The U.S. Government Accountability Office on Thursday released a report highlighting probable shortfalls to transportation funding over the next several years, cautioning against a reliance on general federal funds and suggesting increases in fuel taxes or new fees to fill in the gaps.
Too often, construction contracts are treated like insurance policies consigned to file cabinets until a problem arises. While a well-drafted contract is not unlike an insurance policy — something you’d prefer not to think about but are glad to know you have — the similarities should end there. Unlike insurance policies, owners must be vigilant during the course of a project or risk having important rights or remedies lapse, says Leonard Goodman of Venable LLP.
In light of the long-awaited hydraulic fracturing legislation now signed by Illinois Gov. Pat Quinn, supporters of high-volume horizontal fracking who see the potential for enormous economic benefits are looking eagerly ahead to when permitted drilling operations can begin in the New Albany Shale reserve. But, even with enactment of the fracking legislation into law, significant challenges still lie ahead, say attorneys with Quarles & Brady LLP.
What should be at the forefront of the mind of any in-house counsel or compliance officer whose company operates in joint ventures is section 7 of the U.K. Bribery Act, which holds that an organization does not even need to be aware of corrupt conduct in order to be guilty of an offense, say attorneys with Dechert LLP.
The latest U.S. Bureau of Land Management push for rules on hydraulic fracturing on federal and tribal lands would add another layer of regulation to oil and gas operators, with important changes on requirements such as cementing, construction chemical reporting, say attorneys with Latham & Watkins LLP.
June brings dramatic changes at the top of the U.S. Department of the Interior. New hands will control the levers of power, and, as a result, the organization that controls one-fifth of the land area of the United States, 35,000 miles of coastline and 1.75 billion acres of offshore resources will alter how it operates, making one wonder what will happen next, says Steven Richardson of Wiley Rein LLP.
Businesses and individuals investing directly or indirectly in Myanmar will need to monitor the flow of their capital to identify when reports to the U.S. State Department are required, ensure that they have access to the information required as part of the annual reports, and be aware of what information may be made public, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.
In 2010, when the Obama administration announced a new policy of engagement in the western Pacific, known as the “Pivot,” it was clear that China’s quest for secure supply lines for resources, in particular energy, was a key factor. Energy is likewise the driver in another less noticed but quite important pivot that is now fully underway: a shift in Russian energy policy toward China, says Shane DeBeer of Dechert LLP.
There is a growing concern that arbitration is losing its hallmark characteristics of flexibility and efficiency as proceedings become longer and more expensive. Recent developments show that arbitral institutions are aware of these concerns, and are trying to make innovative changes at all stages of an arbitration, say Alexander Yanos and Viren Mascarenhas of Freshfields Bruckhaus Deringer.
The unprecedented unmet demand for capital by businesses of all types and sizes has adversely impacted job creation and stifled growth, innovation, modernization and exports. This situation has compelled an otherwise highly partisan Congress to coalesce behind one of the few federal programs designed to alleviate these problems — the Small Business Investment Company Program, says Stephen Fields of Dentons US LLP.
The Federal Energy Regulatory Commission's recent bold sweeping away of New England transmission owners' federal rights of first refusal will likely result in appeals that will further shape the Mobile-Sierra law. In the meantime, FERC has reshaped the electric transmission industry to open it up to competitive transmission development, say Eric Runge and Michael Hornstein of Day Pitney LLP.