Midlevel Partner Talent Pool Has Likely 'Dried Up': The Morning Minute
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November 03, 2022 at 06:00 AM
5 minute read
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WHAT WE'RE WATCHING
EMPTY POOL - The market for lateral partners looks noticeably different this year, Law.com's Andrew Maloney reports. The pool of midlevel partner candidates appears to have "dried up," according to analysts at investigative intelligence firm Decipher, with law firms increasingly bringing on cheaper, less-experienced junior partners who have smaller books of business. Meanwhile, even though the percentage of "red flags," or inconsistencies in lateral partners' backgrounds, has ticked down, Decipher still noted them on more than a quarter of all partner candidates in 2022. "When the market is highly, highly competitive for quality lawyers in all of these areas, it is going to fray at the edges, and you will continue to see a prevalence of red flag issues with the market as a whole," Mike Ellenhorn, founder and CEO of Decipher, told Maloney, adding later: "That's the nature and character of the market, and it means you have to be careful."
BRING IT - A new study by litigation funder Burford Capital found that while all legal departments defend themselves against lawsuits filed by other parties, many are leaving substantial money on the table by failing to bring their own cases. As Law.com's Trudy Knockless reports, the study, which was based on responses from 300 GCs, heads of litigation and other senior in-house lawyers in the U.S. and U.K., found that just half of respondents have pursued such efforts, the study found. "Despite the recognition by about one in two GCs that the legal department can add value by pursuing recoveries, there remains a notable population who have yet to take this opportunity or who seem unsure of how to leverage it," the study said. Perhaps unsurprisingly, Burford's study also said litigation funding can help. "I speak with fellow GCs often about the role that legal finance can play in growing legal departments' business impact by becoming more of a profit center," said Mark Klein, general counsel and chief administrative officer of Burford Capital.
WHO GOT THE WORK?℠ - G. Hopkins Guy III, Ali Dhanani and Thomas B. Carter Jr. from Baker Botts have entered appearances for DISH Network, a leading satellite television provider, and DISH Technologies LLC in a pending patent lawsuit. The action was filed Aug. 29 in Texas Eastern District Court by Williams Simons & Landis on behalf of Digital Broadcasting Solutions LLC, holder of patents regarding innovations in time shifting video programs that relate to a system and method for allowing a digital video recorder to skip commercials. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:22-cv-00335, Digital Broadcasting Solutions LLC v. DISH Network 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 - Counsel at Ogletree, Deakins, Nash, Smoak & Stewart on Wednesday removed a civil rights lawsuit against Berea City School District and other defendants to Ohio Northern District Court. The complaint was filed by Weyls Peters + Chuparkoff and other counsel on behalf of two plaintiffs who assert that they were sexually groomed and assaulted as minors while participating in high school football camp. The defendants are accused of attempting to conceal the alleged events, and failing to implement a system that protected students from abuse. The case is 1:22-cv-01981, John Doe 1 et al v. Berea City School District et al. Stay up on the latest deals and litigation with the new Law.com Radar.
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EDITOR'S PICKS
In-House Counsel Takes on More Cyber Responsibilities Amid Growing Threats, Regulations By Cassandre Coyer |
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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.
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