Weekly News Brief, 23 August - 28 August 2014

Stephen Lloyd, noted charity lawyer, dies in boating accident

Bates Wells Braithwaite has announced the “untimely” death of former senior partner Stephen Lloyd, who was killed on Wednesday (20 August) in a boating accident while on holiday in Wales.

Lloyd joined the firm in 1984 as a partner from an in-house role in the insurance industry. He began his career at legacy Freshfields.

Formerly Bates Wells’ head of charity law, Lloyd took up the role of senior partner in 2006 from John Trotter (3 April 2006). He stepped down from the position in April last year.

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Burness Paull's staff get 10 per cent bonus after rise in revenue

Employees at commercial law firm Burness Paull will get a 10 per cent bonus after this year's 20 per cent rise in turnover to £46.3million, the firm has said.

The bonus will be awarded to all eligible employees across the firm's offices in Aberdeen, Edinburgh and Glasgow.

Chairman Philip Rodney said results had beaten expectations and plans were in place for growth in oil and gas, financial services, property and infrastructure, and international business.

Total net profit at the 56-partner firm rose by around 25 per cent in 2013/14, while average profit per equity partner last year was £445,000 and the top of equity stood at £530,000

Baker & McKenzie chooses Belfast for second global services centre

Baker & McKenzie is to open a global services centre in Belfast, the firm’s second following its centre in Manila which it launched in 2000.

The firm has begun recruiting staff and securing premises for the new centre which is set to open for business next month.

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8,500 residents. 12 attorneys: America’s rural lawyer shortage

CENTER, Neb. — Fourteen years ago, the veteran lawyer built his retirement home. He decorated the basement with snowmen and skis, a nod to how he’d like to spend the future.

But John Thomas, 61, can’t retire. Can’t plan lengthy trips to Colorado resorts with his wife, Nancy. Not until he finds a successor, a young lawyer to take over his law firm in this town, population 94.

The problem: Young lawyers in these endless plains are about as scarce as freshly powdered slopes. That’s why Thomas’s hopes soared in February, when he opened a letter from Alissa Doerr, a second-year student at the Nebraska College of Law. She wanted to be his clerk for the summer. She was his first applicant in 20 years.

Full Story: The Washington Post

Will the $17B Bank of America penalty deter individuals from breaking the law?