The Practices Dominating Partner Promotions This Year: The Morning Minute
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November 28, 2023 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
PRACTICES PROPELLING PARTNER PROMOTIONS - With corporate partner promotions down in 2023, firms are elevating more lawyers in regulatory and countercyclical practices than they did last year, Law.com's Dan Roe reports. Antitrust, debt finance, health care and tax practices saw the biggest jumps in promotions this year. Meanwhile, with the number of total promotions across the cohort of firms down 2% from 2022, that left fewer new partners in most corporate practices. Capital markets partner elections fell 42%, and promotions in intellectual property were down 12%.
MICROSOFT-LIKE MONOPOLY? - For us old heads who remember waaaaayyyyy back to 2001, the DOJ and FTC's antitrust cases against Google and Amazon may be reminiscent of the government's landmark lawsuit that led to Microsoft's agreement to modify its business amid allegations that it had illegally cornered the personal computer market. But antitrust lawyers and law professors told Law.com's Maydeen Merino that past success does not necessarily dictate future performance because it will likely be more difficult for the government to prove anticompetitiveness against Google and Amazon. "There are no easy litigated victories in antitrust law for the government agencies in the modern environment," said former FTC Chair William Kovacic, a George Washington University law professor. "They have to fight hard for everything they get."
ON THE RADAR - Dustin F. Guzior, Ann-Elizabeth Ostrager and Alexander N. Gross of Sullivan & Cromwell have entered appearances for Lexeo Therapeutics Inc. in a pending trade secret lawsuit. The case, filed Oct. 12 in New York Southern District Court by Finnegan, Henderson, Farabow, Garrett & Dunner and Saiber LLC on behalf of Rocket Pharmaceuticals, pursues claims against Lexeo Therapeutics and former Rocket employees Kenneth Law and Sonia Gutierrez for allegedly misappropriating confidential and proprietary trade secret information in an effort to compete with Rocket's gene therapy programs. The case, assigned to U.S. District Judge P. Kevin Castel, is 1:23-cv-09000, Rocket Pharmaceuticals, Inc. v. Lexeo Therapeutics, Inc. 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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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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