J&J All the Way, Exhausted Esquire, Dues Hike: The Morning Minute
Here's the news you need to start your day.
May 28, 2019 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
ALL THE WAY? O'Melveny is defending Johnson & Johnson and its subsidiary Janssen Pharmaceuticals as they are set to face off this morning against lawyers for the state of Oklahoma in the first opioid epidemic case to go to trial. J&J is the only pharmaceutical company left standing after Oklahoma AG Mike Hunter on Sunday announced that Teva Pharmaceuticals agreed to pay $85 million to settle allegations that it helped fuel the state's opioid epidemic. Teva was represented by Morgan Lewis, according to court papers. In March, OxyContin maker Purdue Pharma represented by Dechert settled for $270 million.
PAIN POINTS - Practicing law is exhausting. The competitive nature of the work means lawyers are sleep-deprived, tied to their devices at all hours. As part of Law.com's Minds Over Matters project, Lizzy McLellan reports on how being constantly on call is leading to lawyer burnout and other mental health challenges. Her report is part of a series this week examining the pain points of the profession that contribute to lawyer anxiety, depression and addiction.
DISPARITY - The legal industry took another modest step forward in this year's Diversity Scorecard, published by Law.com affiliate The American Lawyer. But African American attorneys continue to be left out of the progress. Since 2011, they have grown just 0.2% in overall representation within the Am Law 200, even as total minority representation has grown more than 3%.
IN THE HOUSE - The average annual salary of corporate counsel in all positions across all industries increased 4.4% from 2017 to 2018, Phillip Bantz reports. The average total compensation last year for all women in-house counsel was $313,782. For men it was $368,000. The results are from an online survey of more than 2,000 U.S.-based in-house lawyers conducted by legal recruitment firm BarkerGilmore.
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EDITOR'S PICKS
|Corporate Law On Verge of Making Things Simpler with Complex Analytics
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WHILE YOU WERE SLEEPING
|PIÙ GRANDE - Italian law firm Gianni, Origoni, Grippo, Cappelli & Partners has added a team of 15 lawyers, including seven partners, to its Rome and Milan offices. Simon Taylor reports that the move was made to boost the firm's capital markets, mergers and acquisitions, and corporate finance practices, the firm said. With the addition of the new team of lawyers, GOP said it is aiming to consolidate its position in the corporate finance sector, with about 150 lawyers.
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WHAT YOU SAID
|“You're asking people to give up both power and give up money for systemic change, and, not surprisingly, you're going to be met with a lot of resistance.”
— DAVID SANFORD, A LAWYER REPRESENTING WOMEN PARTNERS IN LAWSUITS AGAINST SEVERAL MAJOR LAW FIRMS, ON HOW SOME MEN RUNNING THOSE FIRMS ARE REACTING TO GENDER BIAS SUITS.
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