Lawyer Moves Still Outpace Pre-Pandemic Norm: The Morning Minute
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October 17, 2023 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
STILL MOVING - Lateral attorney moves in the first three quarters of 2023 have fallen for the second year in a row, but the volume of lawyer moves continues to significantly outpace 2020 and the years leading up to the pandemic, two recent surveys of the legal hiring market show. The fact that partner moves in just tQ3 continue to outpace the six-year average by 15% indicates the partner hiring environment continues to be "robust," Decipher chief data officer Greg Hamman told Law.com's Justin Henry. "I don't think it's outside the realm of possibility to say this is the busiest volume of lawyer moves we'll ever see," Hamman said.
DATA BREACH BOOM - Data breach class actions have been increasing for years, but they're on pace to break records in 2023, Law.com's Amanda Bronstad reports. According to Law.com Radar, which detected 246 data breach class actions through the end of this June, about the same number during all of 2022. The monthly average of 2023 data breach class actions was 44.5 through the end of August, up from 20.6 in 2022. Lawyers point to two reasons for the surge: A May 31 breach involving file transfer software MOVEit, which has ensnared hundreds of other organizations, many of which are named as the defendants in data breach lawsuits, and the increasing sophistication of cyberattacks.
ON THE RADAR - Samantha Jairam of Cole, Scott & Kissane and Kenneth W. Waterway of Berger Singerman have stepped in to represent Cleartide Management Group, John Hughes and other defendants in a pending trade secret lawsuit. The court action was initiated Aug. 24 in Florida Southern District Court by Thompson Coburn and Dennison & Matthews on behalf of Crystal Lagoons Technologies, a technology company that owns an intellectual property portfolio related to artificial water lagoons. According to the complaint, the defendants acquired and used confidential information misappropriated from Crystal Lagoons to develop and market its own lagoon technology. Co-defendants are also represented by Shutts & Bowen. The case, assigned to U.S. District Judge Rodney Smith, is 1:23-cv-23257, Crystal Lagoons U.S. Corp. et al v. Martin Aquatic Design & Engineering, LLC et al. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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