The Remote GC Revolution Fizzles Out: The Morning Minute
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September 19, 2023 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
GC YOU IN THE OFFICE - Just when you thought you were out, they pull you back in! In early 2022, an employment attorney told Law.com that nearly half the GCs he saw going through job searches wanted to be fully remote—a request many employers were granting. But less than two years later, Law.com's Trudy Knockless reports, the era of the remote GC is officially over. While such arrangements still crop up from time to time, as they did before the pandemic, employers generally have closed the door on the option, recruiters said.
CLIENT CONFERENCES - As a result of the latest NCAA conference realignment, at the beginning of the 2024 college football season, 69 programs that earn more than $3 billion collectively in annual revenue will undergo a massive and controversial redistricting. Not everyone is happy about it—but the Big Law firms representing the schools should be smiling. As Law.com's Dan Roe reports, the conference shuffling has been a boon for litigation and corporate practices as schools make new deals and try to get out of previous ones. And while the dust will settle by next spring, the shakeup is just one of several major issues facing the current college sports landscape that Big Law intends to capitalize on.
ON THE RADAR - Arm Holdings plc, a semiconductor and software design company and SoftBank Group Corp. subsidiary, announced the pricing of its initial public offering on the Nasdaq Global Select Market. The IPO, which is expected to close on Sept. 18, 2023, will be priced at $51 per share for a total value of approximately $4.87 billion. The underwriters, including Barclays, Goldman Sachs, J.P. Morgan and Mizuho Financial Group, are represented by Davis Polk & Wardwell. The Davis Polk team included partners Derek Dostal and Richard D. Truesdell Jr. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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EDITOR'S PICKS
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