Credit: denisismagilov/stock.adobe.com What Are the Next Frontiers for Practice Groups at Law Firms?—Part 1: Fintech
"The formation of industry-specific practice groups like fintech signals a significant shift in how law firms operate and approach business," writes Taylor Miller of Whistler Partners.
July 26, 2024 at 11:30 AM
7 minute read
In recent years, the concept of industry-specific and interdisciplinary practice groups within law firms has gained significant traction. This shift reflects a major change in the internal structure and business strategies of law firms in their aim to increase profits and improve economic efficiency. Fintech, in particular, stands out as a transformative area. It has evolved from being distributed among multiple practice areas into a dedicated field and single area of practice at many firms. By reorganizing themselves to better align with the needs of their clients and the evolving market landscape, law firms are making fintech a critical focus for future growth.
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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.
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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.
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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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