Revealed: The Am Law 200, Plaintiffs Bar v. Insurers, Asian American GCs Speak Out: The Morning Minute
Here's what you need to know to get your day started.
May 18, 2020 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
SECOND HUNDRED- The Am Law 200 goes live at 10 a.m. EDT, revealing that the Second Hundred law firms ranked by 2019 financial results matched the Am Law 100′s growth in gross revenue, profits per partner and revenue per lawyer. That momentum heading into 2020 may well prove critical as they embark on one of the most challenging years the legal industry has ever faced. For insight on the results, tune in to a webinar at 11 EDT this morning featuring senior editors and analysts from Law.com affiliate The American Lawyer.
BIG BUCKS - So-called nuclear verdicts—mega awards in personal injury suits—stem from the complex dynamic of creative plaintiff lawyer tactics, insurer financial strategies, sophisticated jury selection, and sociological factors. In this multi-part package, ALM editors and reporters covering the law and the insurance industry closely examine the levers in play that result in huge wins for some and massive losses for others.
RELAX The California State Bar has revived efforts to create a "regulatory sandbox" that could allow nonlawyers to develop legal services without violating professional rules governing the practice of law. Cheryl Miller reports that bar trustees have voted to consider relaxing rules barring the unauthorized practice of law, fee-sharing and nonlawyer firm ownership, all with an eye toward expanding affordable legal help.
EDITOR'S PICKS
'A Scary and Sad Time': Asian American GCs Talk About Current Racism
'Pharma Bro' Martin Shkreli's Bid for Release Denied, Despite His 'Intentions' to Find COVID-19 Cure
How I Made Partner: Foley Hoag's Tafadzwa Pasipanodya
Calming the Imposter Monster: You Don't Know Everything, And That's OK.
Tobi Young, First Native American SCOTUS Clerk, Recounts Year With Gorsuch
WHILE YOU WERE SLEEPING
DOORS OPEN - Skadden has reopened several of its European offices as it appoints a global task force to work on a plan for its people to return to its offices worldwide. Eva von Schaper and Hannah Roberts report that the firm's Munich, Frankfurt and Paris offices have reopened, with workers given the option to return amid the pandemic. The firm is also planning to reopen its London office. People who choose to return are being asked to avoid traveling to work via subway.
WHAT YOU SAID
"In eighth grade in Georgia, I was called every derogatory term, and now my child has been on the receiving end of that same discrimination."
— Michael Wu,
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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