Posted Dec 13, 2012 06:46 pm CST
Editor’s Note: We’re experimenting with using more video on ABAJournal.com and will be bringing you this short weekly legal news brief from Bloomberg Law for the next few weeks. Thanks for the feedback so far. Please note that adding video would not mean eliminating text-based stories. Rather, we’re exploring adding more multimedia options in addition to our text-based posts. Also, in response to the feedback, there is a summary included with the video.
Summary of Bloomberg Law’s Spencer Mazyck’s legal news picks of the week:
It’s been a good week for financial prosecutions, with HSBC agreeing to pay a record $1.9 billion to settle U.S. money laundering claims, and the first three arrests in the U.K.’s Libor rigging probe. Also, Supreme Court Justice Sonia Sotomayor reveals how diabetes has affected her life. Finally, BigLaw managing partners are eager for a turnaround, but they have doubts the U.S. economic recovery will gain steam in 2013. Do you think law firms will return to boom times next year? Tell us in the comments below.