Law Firms Are Learning How to Balance Making Cuts With Restoring Pay; Summer Associates Give Law Firms an 'A' for Effort; Brigham Young Brings Aboard Counsel in COVID Tuition Class Action: The Morning Minute
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September 22, 2020 at 06:00 AM
5 minute read
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WHAT WE'RE WATCHING
GOOD NEWS, BAD NEWS – At a time when competition is fierce but budgets are tight, law firms are having to balance the need to make necessary staff cuts with the need to fully or partially restore pay to professionals and attorneys who are at risk of being scooped up by rivals. But, just as importantly, firms are are having to figure out how to handle the messaging around those seemingly incongruous moves. As Dan Packel reports—and The American Lawyer's 2020 Midlevel Associates Survey recently showed us—the worst thing a firm leader can do when delivering news internally is try to tap-dance around the truth. "Generally speaking, law firm leaders have come to understand they normally have two roles. One is the cheerleader and the other is the business manager," said Zeughauser Group consultant Bruce McLean. "Here, you need to be straight up with partners and business professionals about what's going on and how you're going to deal with it. Transparency is absolutely important, even if that's different from the historic role of being a cheerleader."
I'M FINE WITH WHAT YOU DID LAST SUMMER – It goes without saying that this year's summer associates had a much different experience than any group that's come before them. But while it was far from ideal, it seems like most of this year's class appreciated firms' efforts to push forward with their programs in the throes of a pandemic that forced them to replace the typical swanky dinners and on-site training with Uber Eats gift cards and endless Zoom meetings. As Dylan Jackson reports, while respondents to The American Lawyer's 2020 Summer Associate Survey lamented the reduced pay and lack of real client work they experienced at some firms, a number of others applauded firms' attempts to deliver something approaching normality. "All things considered, I think that they pulled off the virtual summer very well," wrote an Am Law 50 summer in Virginia.
BRIGHAM BRINGS IN DEFENSE COUNSEL – Brigham Young University is one of the latest institutions to be slapped with a class action by students who feel they overpaid for a lesser college experience once classes shifted online because of the pandemic. Now, the school has brought aboard Ray Quinney & Nebeker shareholders Samuel C. Straight and David M. Andersen to defend it. The suit, assigned to U.S. District Judge Ted Stewart, was filed August 5 in Utah District Court by Leeds Brown Law and Watton Law Group. "In short," the complaint says, "Plaintiffs and the members of the Class have paid for tuition for a first-rate education and an on-campus, in person educational experience, with all the appurtenant benefits offered by a first-rate university, and were provided a materially deficient and insufficient alternative, which alternative constitutes a breach of the contracts entered into by Plaintiffs and the Class with the University." Read the full complaints and stay up to date on major litigation nationwide with Law.com's Legal Radar.
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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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