Kirkland-Paul Weiss Lateral Battle's 'Ripple Effects': The Morning Minute
Want to get this daily news briefing by email? Here's the sign-up. WHAT WE'RE WATCHING LATERAL IMPACT - If your firm is in the Am Law 100,…
September 20, 2023 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
LATERAL IMPACT - If your firm is in the Am Law 100, it would be unwise to ignore the recent lateral partner moves between Big Law elites Kirkland & Ellis and Paul, Weiss, Rifkind, Wharton & Garrison. As Law.com's Patrick Smith reports, the high-profile nature of the moves in both directions, the money involved, and the tenure and roles of the attorneys at the heart of the hires have sparked an array of questions for the broader legal industry—but particularly for those elite firms that share rarified air.
MASS HYSTERIA? - Defense firms have sounded the alarm for years about the coming onslaught of mass arbitration, but there hasn't been a surge—at least, not yet. For most companies, mass arbitration has been more of a "theoretical possibility" than a reality, but "the threat of that increasing is a real one, if not a likelihood," Steven Weisburd, L.A. managing shareholder at Carlton Fields, told Law.com's Amanda Bronstad. And William Farley, a Chicago partner at Holland & Knight, said the use of mass arbitration has grown rapidly over the past year thanks to "a handful of firms very active in this space that kind of created the market essentially of being the first movers in the space."
ON THE RADAR - Caesars Entertainment was slapped with a data breach class action Sept. 18 in Nevada District Court for Clark County. The suit, which accuses the defendant of failing to implement adequate data security measures, arises from a Sept. 2023 breach impacting the personal identifiable information of thousands of individuals. The suit is backed by Kind Law. Counsel have not yet appeared for the defendant. The case is A-23-877949-C, Isaac Dwek, Plaintiff(s) vs. Caesars Entertainment Inc, Defendant(s). Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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