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At Shearman & Sterling, Mr. Clare helped build the litigation practice, recruiting a number of young lawyers.
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JPMorgan, the biggest U.S. bank by assets, reported its first quarterly loss under Chief Executive Jamie Dimon in October, as it recorded more than $9 billion of expenses to build its litigation reserves.
Together, they built the business into what is now a 50-person operation with an emphasis on civil litigation.
The bank had built a litigation war chest of over $4 billion last quarter for possible mortgage-related costs.
Debevoise & Plimpton, for example, has aggressively built a litigation unit in London in recent years.
He said potential liability stemming from the litigation was built into H.P.'s financial assumptions for the deal.
We've got to reduce the litigation costs that are built into our society.
Lawgix had built technology systems for the backend of the litigation process – like those that handled court dates and processed the results of court actions.
Mr. Karp helped build out the firm's Wall Street litigation practice while branching out to other industries.
With this ruling behind us, we hope the archdiocese will work to build a respectful relationship rather than force the parties to continue the litigation".
"These plants are very expensive to build, and years of litigation by a very vocal minority can make it too expensive".
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