Weekly Brief: Lawyers Advised To Accept New Reality

Jan. 17 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. A new report suggests lawyers need to forget about returning to the economic conditions preceding the Great Recession. Also, RBS bank joins UBS and Barclays in agreeing to settle allegations related to the LIBOR rate rigging scandal. Finally, a recent indictment of Mayer Brown's CIO and a third party IT vendor for bilking the firm out of almost $5 million begs the question: should law firms be outsourcing IT work in the first place?

Searching the Bond Market For Clues on Rates
22:47 - Sovereign bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to a one-year low in the rush to refuge from a worldwide stock rout. Traders pared the odds the Federal Reserve will raise interest rates this year to 30 percent, before Chair Janet Yellen begins her two-day testimony to Congress on Wednesday. BNP Paribas Senior Investment Strategist Daniel Morris. joined “On the Move” host Jonathan Ferro to discuss.
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