Morning News Roundup for Saturday

Here are this morning’s top stories:

London’s Linklaters , the world’s second largest law firm by revenue, will eliminate 70 partners and 10% of associates. The initiative is said to be called “Linklaters New World…”

Reed Smith reports a 10% increase in gross revenue to $980 million in 2008, on the back of significant lateral expansion…

The American Lawyer has an interview with Venable partner James Hanks Jr., who was on board US Airways Flight 1549 when it landed in the Hudson River a week ago…

Skadden has announced the selection of 28 Skadden Fellows for the class of 2009, bringing to 564 the number of law school graduates and judicial clerks the firm has funded to work full-time for legal and advocacy organizations…

HR Bhardwaj, India’s justice minister, says his government has circulated draft regulations on allowing foreign law firms to practice in India…