Hiring Pauses, Stealth Layoffs Signal Law Firm Austerity: The Morning Minute
The news and analysis you need to start your day.
September 08, 2022 at 06:00 AM
6 minute read
Want to get this daily news briefing by email? Here's the sign-up.
WHAT WE'RE WATCHING
AUTUMN OF AUSTERITY? - Top law firms are beginning to show signs of belt-tightening following the frenzied lateral hiring market in corporate practices in 2021, Law.com's Justin Henry reports. Multiple firms in the Am Law 50 have reportedly begun to take measures aimed at managing their attorney ranks. Cooley has implemented a freeze on hiring associates, sources close to the firm have told The American Lawyer. Leaders at Cooley declined to comment for this story, but a spokesperson denied the existence of an "official hiring freeze" at the firm. While the firm on Wednesday announced the hire of a partner who had left her last role in June, the firm has otherwise not unveiled any new hires since early July, following a busy first half of 2022. Meanwhile, sources close to Reed Smith said the global law firm is dealing with profitability gaps between its London office and lower-performing locations, including its oldest office in Pittsburgh, leading the firm to let go of more senior lawyers without significant books.
FOREVER AFTER - Hey, look at that, the plaintiffs and defense bars finally see eye-to-eye on something: PFAS and PFOA cases—environmental claims involving "forever chemicals"—are the next hot litigation trend. "I see this as a snowball rolling downhill, and it's just getting bigger and faster as it proceeds," Cohen Milstein partner Theodore J. Leopold told Law.com's Christine Schiffner. His firm has been involved in PFAS litigation for several months, including against chemical manufacturer DuPont for allegedly contaminating Cape Fear river in North Carolina. "We are just scratching the surface," he added referring to the total amount of damages that has occurred to water systems by the use of these toxic chemicals. "Because it's in our water now, it's in people, it's in sewage, rain, dust, dirt—and it's going to continue to recirculate," Hunton Andrews Kurth partner Alexandra B. Cunningham said, describing the scope of the problem. Her firm—like many others—recently created a PFAS group to meet the growing demand in this field. "There's a large number of people affected, governments, private parties, there's a lot of property damage, personal injury and the number of cases is growing daily," Seeger Weiss partner Matthew F. Pawa said. He believes that this area of litigation could be on par "with some of the biggest litigations in American history."
WHO GOT THE WORK?℠ - Archis A. Parasharami of Mayer Brown has entered an appearance for Altice USA, a telecommunications company providing an array of network services, and Cebridge Telecom CA LLC in a pending consumer class action. The case, which accuses Altice subsidiary Suddenlink of breaching an agreement to charge customers a flat monthly rate for broadcast and sports programming services, was filed July 27 in California Northern District Court by Hattis & Lukacs; and DeNittis Osefchen Prince. The case, assigned to U.S. District Judge Edward M. Chen, is 3:22-cv-04346, Baker et al v. Cebridge Telecom CA, LLC et al. >> 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 - Martha Stewart Living and cannabis company Canopy Growth were hit with a copyright and trade dress infringement lawsuit on Wednesday in Oregon District Court. The suit was filed by Perkins Coie on behalf of Northwest Natural Goods, a Portland-based cannabis edibles company known for its popular brand 'Wyld.' The complaint accuses the defendants of launching a line of CBD products with packaging nearly identical to Wyld's. Counsel have not yet appeared for the defendants. The case is 3:22-cv-01340, Northwest Natural Goods LLC v. Canopy Growth USA LLC et al. Stay up on the latest deals and litigation with the new Law.com Radar.
EDITOR'S PICKS
Cooley Associate One of 10 Victims in Seattle-Area Plane Crash By Andrew Maloney |
Debate Over Originalism Swamps Senate Judiciary Hearing By Brad Kutner |
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
© 2025 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 All![Internal GC Hires Rebounded in '24, but Companies Still Drawn to Outside Candidates Internal GC Hires Rebounded in '24, but Companies Still Drawn to Outside Candidates](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/corpcounsel/contrib/content/uploads/sites/402/2023/02/Cunningham-767x633.jpg)
Internal GC Hires Rebounded in '24, but Companies Still Drawn to Outside Candidates
4 minute read![Dissenter Blasts 4th Circuit Majority Decision Upholding Meta's Section 230 Defense Dissenter Blasts 4th Circuit Majority Decision Upholding Meta's Section 230 Defense](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/nationallawjournal/contrib/content/uploads/sites/398/2022/05/Allison-Jones-Rushing-2021-006-767x633.jpg)
Dissenter Blasts 4th Circuit Majority Decision Upholding Meta's Section 230 Defense
5 minute read![Russia’s Legal Sector Is Changing As Sanctions Take Their Toll Russia’s Legal Sector Is Changing As Sanctions Take Their Toll](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://images.law.com/contrib/content/uploads/sites/378/2023/04/Moscow-Russia-767x633.jpg)
![From Laggards to Tech Founders: Law Firm Innovation Is Flourishing From Laggards to Tech Founders: Law Firm Innovation Is Flourishing](https://images.law.com/cdn-cgi/image/format=auto,fit=contain/https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/63/74/61a893a843c39ae2db900dec4650/ai-machine-learning-767x633.jpg)
From Laggards to Tech Founders: Law Firm Innovation Is Flourishing
Law Firms Mentioned
Trending Stories
- 1ACC CLO Survey Waves Warning Flags for Boards
- 2States Accuse Trump of Thwarting Court's Funding Restoration Order
- 3Microsoft Becomes Latest Tech Company to Face Claims of Stealing Marketing Commissions From Influencers
- 4Coral Gables Attorney Busted for Stalking Lawyer
- 5Trump's DOJ Delays Releasing Jan. 6 FBI Agents List Under Consent Order
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.
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