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The Justice Department announced criminal charges Wednesday against three former brokers at London-based brokerage firm ICAP PLC, accusing them of scheming with a senior trader at UBS AG to manipulate the London interbank offered rate.
DEALS IN BRIEF: Shaken and Stirred
Consolidation in the beverage industry.Profits at U.K.'s Top 50 Law Firms Hit Record Levels
The United Kingdom's top 50 law firms have seen a second year of double-digit revenue growth, with fees rising 14 percent annually to hit �10.5 billion. Legal Week's 2006-07 figures also show average profits per equity partner going up by 13.5 percent. What's more, the four largest firms generated �4.18 billion in fees among them, nearly 40 percent of the top 50's income. Clifford Chance managing partner David Childs said the results vindicated the big four firms' investment in their foreign offices.Trending Stories