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December 06, 2024 | The American Lawyer

Milbank Becomes 14th U.S. Firm to Close Mainland China Office in 18 Months

Earlier this week, Paul Weiss, the oldest American law firm in China, also announced the closure of its Beijing office.
3 minute read
December 06, 2024 | The American Lawyer

Cleary vs. White & Case: New York City Showdown Over $5 Billion Brazilian Bankruptcy

Multinational cement manufacturer InterCement, represented by White & Case, is battling bondholders represented by Cleary in a New York court.
3 minute read
December 06, 2024 | Corporate Counsel

Ex-Google Exec Joins AI Company as First CLO

"This is a pivotal moment, not just for Turing, but for the entire AI ecosystem," said Catherine Lacavera, chief legal oficer of Turing.Enterprises. "AI is reshaping industries, and companies need strong legal frameworks to navigate the challenges and opportunities it presents."
2 minute read
December 06, 2024 | The American Lawyer

Clients Paid More for Less Experience in 2024 Rate Hikes

Firms raised the prices of their cheapest paralegals, associates and partners higher than rate hikes for more experienced professionals of the same tier, bankruptcy court records show.
3 minute read
December 05, 2024 | The American Lawyer

Linklaters Duo Jumps to Reed Smith's Structured Finance Practice

Peter Williams and Elizabeth Walker had only been with Linklaters for a little more than two years when they opted to join Reed Smith in New York City.
4 minute read
December 05, 2024 | The American Lawyer

Highest-Earning Partners May Be Looking to Cash In on Early Retirement

With partner pay escalating, some of the highest-paid partners are really looking to call it quits early.
5 minute read
December 05, 2024 | The Recorder

Freshfields Adds Cap Markets, Employee Benefits Partners in Silicon Valley

The firm continues to bulk up in California as capital markets and M&A volume are expected to continue their upward trajectory moving into 2025.
3 minute read
December 05, 2024 | Corporate Counsel

Fatal Shooting of CEO Sets Off Scramble to Reassess Executive Security

"If you are at a company that deals with consumers in an emotional area, you really have to think about this," former Airbnb General Counsel Rob Chesnut said.
5 minute read
December 05, 2024 | The American Lawyer

Law Firms Are In a Strong Spot, But Their Continued 'Growth Mindset' Comes With Challenges

An "aggressive" lateral market as well as expense pressure and partner integration will challenge firms in 2025, even as they are looking to build on an already strong position.
5 minute read
December 04, 2024 | Corporate Counsel

Lawyers Drowning in Cases Are Embracing AI Fastest—and Say It's Yielding Better Outcomes for Clients

“This is the first technology wave that no lawyer can ignore," said Aaref Hilaly, a partner at Bain Capital Ventures, which invests in legal document automation companies.
9 minute read

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