Trump Business, Viable Vereins, Porter's Style: The Morning Minute
Here's the news you need to start your day.
March 19, 2019 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
|CHALLENGING - The U.S. Court of Appeals for the Fourth Circuit today is set to hear a major challenge arguing that President Trump's business activities violate the Constitution's foreign and domestic emoluments clauses, which provide a check against conflicts of interest involving the president. Loren AliKhan, the D.C. solicitor general who argues the president has violated the Constitution, will face off against the DOJ's Hashim Mooppan, a leading appellate lawyer who joined the Trump administration from Jones Day.
AFTERMATH - “Our intention is to stick together,” says Bill Martin, partner at Peterson Bernard, the Florida law firm that lost four partners in a plane crash on March 8. Dylan Jackson reports that Martin is in charge of leading the litigation firm into its new, uncertain future. The firm now has 10 partners, including Martin, and 16 total attorneys. “Am I putting my best face on? Sure,” Martin said.
GOOD YEAR - The five law firms in the Am Law 100 structured as Swiss vereins all increased their revenues in 2018, while also boosting their profitability. Dan Packel reports that the firms—Baker McKenzie; Squire Patton Boggs; Hogan Lovells; DLA Piper; and Norton Rose Fulbright were clustered around the 6.4 percent industry average in revenue growth for 2018 calculated by Citi Private Bank Law Firm Group.
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EDITOR'S PICKS
|Legal Departments Unprepared for New Oil Pollution Act Guidelines, Maritime Expert Says
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WHILE YOU WERE SLEEPING
|TRENDING DOWN - Political uncertainty and a glut of lawyers are squeezing the profit margins of global law firms in Central and Eastern Europe. Rowan Bennett reports that in the last year, Weil Gotshal has closed its offices in Budapest and Prague and placed the future of its Warsaw operation under review, while Squire Patton Boggs has pulled out of Budapest. Many international firms bulked up practices there starting in the 1990s.
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WHAT YOU SAID
“The conservatives, the liberal feminists, the environmentalists had nothing in common. But if you talk to people on terms they can understand, they respond.”
— MIGUEL DE GRANDY, PARTNER AT HOLLAND & KNIGHT IN MIAMI, WHO IN 1993 CHAMPIONED A BILL IN FLORIDA DECRIMINALIZED BREASTFEEDING IN PUBLIC.
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