Large Group Laterals Are in Vogue: The Morning Minute
The news and analysis you need to start your day.
June 14, 2022 at 06:00 AM
5 minute read
Want to get this daily news briefing by email? Here's the sign-up.
|
WHAT WE'RE WATCHING
EVERYTHING EVERYWHERE ALL AT ONCE - When it comes to lateral hiring, there's safety in numbers. Big Law is continuing to place a premium on teams in the lateral market, peeling off large groups or doing mergers/acquisitions of boutique firms, Law.com's Andrew Maloney reports. It's not a brand new trend, but competitive pressure on groups and smaller firms has built during the pandemic, and top firms are continuing to press their advantage, resulting in more people taking more cracks at scaling up. Plus, while superstars remain in high demand, an environment that's given lawyers across the spectrum more leverage has led to increased recognition of the value of acquiring role players along with primary talent. Michael McKenney, a senior client adviser and business development officer at Citi Private Bank Law Firm Group, said the mobility data his group tracks has indeed gotten "lumpier" over the last handful of years. "The lateral activity we are seeing now is much more strategically-targeted groups and practices," he said. "And when the nature of the lateral activity is to lift out a group or practice, they're far more likely to integrate successfully in the destination firm, but also far more likely to port over clients and matters as well, and far more likely to effectively neutralize the ability of the firm of origin to perform that work. Because the entire team is gone."
TEXTUAL TENSION - What happens when it turns out that the "plain meaning" of a text isn't all that plain after all? Justices Neil Gorsuch and Amy Coney Barrett are self-described originalists and textualists, but their reading of texts in three recent decisions drove them to opposite conclusions. Two statutory interpretation rulings and one constitutional decision provide a snapshot of Barrett versus Gorsuch. Barrett led the majority in all three, while Gorsuch led the dissent, aligning with liberal justices in two, and soloing in a third. Law.com's SCOTUS expert Marcia Coyle breaks down all three cases and explains how two textualists can arrive at dueling interpretations.
WHO GOT THE WORK?℠ - Lynne Anne Anderson, William R. Horwitz and Brian M. Hayes of Faegre Drinker Biddle & Reath have stepped in as defense counsel to BioReference Laboratories in a pending employment class action. The case, filed April 21 in New Jersey District Court by Law Office of Christopher Q. Davis, brings wage-and-hour claims on behalf of individuals employed by the defendant to perform COVID-19 tests on Royal Caribbean cruise ships. The case, assigned to U.S. District Judge Claire C. Cecchi, is 2:22-cv-02321, Rosenberg et al v. BioReference Laboratories, Inc. >> Read the filing on Law.com Radar and check out the most recent edition of Law.com's Who Got the Work?℠ column to find out which law firms and lawyers are being brought in to handle key cases and close major deals for their clients.
ON THE RADAR - BMW of North America and Tracy L. Chaney were slapped with a wrongful death lawsuit Monday in Colorado District Court. The court case, filed by Forester Haynie PLLC on behalf of the Estate of Gregory Dyer, arises from an incident involving BMW's RawHyde Offroad Adventures, which trains individuals in riding off-road motorcycles. The complaint asserts that Dyer passed away after being involved in a fatal collision allegedly caused by the defendant's negligence in training. Counsel have not yet appeared for the defendants. The case is 1:22-cv-01483, Dyer v. Chaney et al. Stay up on the latest deals and litigation with the new Law.com Radar.
|
EDITOR'S PICKS
Talc Claimants Move to Lift Bankruptcy Stay After Judge Mulls Possible Trials By Amanda Bronstad |
Utah Supreme Court Justice to Launch Corpus Linguistics Consultancy and Boutique Upon Retirement By Jessie Yount |
Wilmer Nabs Former SDNY USA Preet Bharara By Bruce Love |
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllRed Tape, Talent Wars & Pricey Office Space Greet Firms Entering Saudi Arabia
5 minute readLaw Firms Mentioned
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250