GC Pay Gap Widens, 2nd Circuit Judge Steps Down, Slapping Lawyer Caught on Tape: The Morning Minute
Here's the news you need to start your day.
August 29, 2019 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
SLIPPING – The gender pay gap for U.S.-based general counsel is widening, Phillip Bantz reports. While the overall median total pay for GCs hit $2.6 million, according to a study by Equilar, male GCs earned 18.6% more than their female counterparts—the largest pay discrepancy since the company began studying GC wages in 2014. The data is based on SEC filings among 500 publicly-traded companies ending the fiscal year between March 2018 and February 2019.
RETURNING – Second Circuit Judge Christopher Droney will leave the federal bench in January to join Day Pitney, where he will focus on litigation and appellate work. Robert Storace reports that the 65-year-old judge, whom President Obama appointed to the federal appeals court in 2011, wanted to return to his roots at Day Pitney, where he started soon after graduating from the University of Connecticut School of Law in the late 1970s.
ALL IN THE FAMILY – Here's a lesson in how not to run a bank. Reporter Sue Reisinger takes a look at detailed government documents describing how senior Deutsche Bank managers ignored, went around and pushed through compliance efforts in order to hire relatives of foreign officials and obtain lucrative deals. The scandal-ridden German bank agreed last week to pay the SEC $16 million for violating the Foreign Corrupt Practices Act with the hires and was one of several banks caught bringing aboard officials' relatives to gain business.
BACK AT IT – Ex-Skadden partner Greg Craig is expected to return to the stand today in D.C. federal court in the trial over charges that he misled the DOJ about his work for Ukraine while he was a partner at Skadden. Craig, who'll continue facing questions on cross-examination, has denied deceiving the DOJ and has argued he faced no obligation to report his activities under the Foreign Agents Registration Act.
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EDITOR'S PICKS
Trump Org Must Face Claims in Michael Cohen Legal Fees Lawsuit
Real Estate Investment Firm Marcus & Millichap Announces New General Counsel
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WHILE YOU WERE SLEEPING
REBUKE – Hogan Lovells partner Sylvain Dhennin has been rebuked by the ethics body of England and Wales after failing to inform it of a dispute he had with an employee last year. Meganne Tillay reports that Dhennin faced a London employment tribunal in September 2018 after his former nanny successfully claimed she had been discriminated against and unfairly dismissed because she was pregnant. The tribunal at that time ordered Dhennin to pay about $22,000 in compensation as a result. The Solicitors Regulation Authority on Aug. 28 filed a judgment officially rebuking him for his conduct and for not reporting the Employment Tribunal judgment to the body.
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