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Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
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Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
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Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
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Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
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Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
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British firm earns 'mind blowing' sum

British firm earns 'mind blowing' sum

A British law firm has reportedly earned more than $40 million from advising the government on the global financial crisis in the past year.

A British law firm has reportedly earned more than £20 million (AUD$40m) from advising the government on the global financial crisis in the past year.

Slaughter and May was paid the 'mind blowing' sum as ministers and treasury struggled to get to grips with crisis spured by a global credit crunch.

The  figures were uncovered by the opposition who said it showed civil servants had been 'stung'  at  a huge costs to taxpayers.  

“Even if the financial crisis meant that there was no time to shop around at the start for the best legal deal, the treasury should then have driven a much harder bargain, not left them like a fleet of legal taxis in Whitehall with their meters running for months on end..”

The figures show Slaughter and May, one of the world's top law firms, was paid £22.15m (AUD$44.3m) for 'financial stability related' advice during 2008/09.
In addition firms Allen and Overy received £713,000 (AUD$1.4m), Linklaters got £225,000 (AUD$450,000), Freshfields were paid £41,000 (AUD$82,000) and Clifford Chance received £1,000 (AUD$2000) for advice they provided.

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British firm earns 'mind blowing' sum
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