Law.com Trendspotter: The Morgan Stanley Letter Shows the Remote Revolution May Be No Match for the Legal Industry's Risk Aversion
In the span of 16 months, the legal industry has gone from fearing remote work to begrudgingly accepting it as a temporary nuisance to embracing it as the wave of the future—and now, at least in some corners, back to fearing it again.
July 20, 2021 at 11:33 PM
9 minute read
The Trend:
For law firms, fostering professional development, encouraging collaboration and maintaining a culture in a world in which attorneys are working remotely some or all of the time is certainly challenging. But it's also, as many have pointed out, entirely doable.
It will, of course, require firms to devise new approaches, leave behind old traditions and get creative—prospects that are clearly beginning to unnerve some firm leaders and high-profile clients who would prefer to just get back to business as pre-pandemic usual. After all, from the perspective of this notoriously risk-averse industry, the success of remote work over the past 16 months does not guarantee continued success moving forward. Anything that can't be comfortably categorized as "the way we've always done things" is viewed as a potentially perilous endeavor.
Still, even with some big-name clients tugging firms back toward their office-centric pasts, a powerful talent market continues to demand a more flexible future. For law firms, that dynamic could create a whole new set of risks that are tricky to assess. And choosing the wrong side could have major consequences.
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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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