The Upheaval in Big Law Will Make History
Now that some practice areas have slowed down, and now that there's more pressure on law firms' bottom line, firms and partners are considering options they have put off for years or hadn't considered at all.
January 19, 2023 at 04:46 PM
7 minute read
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|The Shift: The Upheaval in Big Law Will Make History
The lower legal services demand environment is placing more pressure on law firms, partnerships and individual lawyers to make all sorts of choices that will define themselves and their firms for years to come. Law firm partnerships are undergoing big decisions about whether to merge, law firm executives are considering layoffs, some partner groups are splitting off for other firms, and some top lawyers are changing firms this year or starting their own boutiques.
Gone are the days where the fast pace of work and easy profits would chill some lateral moves and big merger decisions. Now that some practice areas have slowed down, and now that there's more pressure on law firms' bottom line, firms and partners are considering options they have put off for years or hadn't considered at all.
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Law Firms Mentioned
- Constangy, Brooks, Smith & Prophete, LLP
- Cooley
- Cravath, Swaine & Moore
- Davis Polk & Wardwell
- Goodwin Procter
- Hogan Lovells
- Jones Day
- Lewis Brisbois Bisgaard & Smith
- Maynard Cooper & Gale
- Nexsen Pruet
- Paul, Weiss, Rifkind, Warton & Garrison
- Pepper Hamilton
- Shearman & Sterling LLP
- Waller Lansden Dortch & Davis
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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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