March 27, 2024 | The American Lawyer
Lewis Brisbois Attempts Revamp After Mass Defections, Email ScandalThe firm has shaken up its C-suite, revamped its staffing ratio, and installed new management software. It succeeded in luring back one client that had publicly severed the relationship after the release of emails containing derogatory language from former employment practice leaders.
By Justin Henry
7 minute read
March 27, 2024 | The American Lawyer
Paul Hastings, Nelson Mullins Broker Deal to Take Trump-Backed Truth Social PublicThe newly public entity trading as Digital World saw its stock price jump 15% on Tuesday, providing a $4.5 billion valuation for Trump's stake.
By Justin Henry
2 minute read
March 27, 2024 | The American Lawyer
The Am Law 200 Stepped Up Their Use of Litigation Funding Last YearEven as third-party funders deployed less capital in the 12-month period ending June 30 owing to unfavorable macroeconomic conditions, the largest firms in the country saw their capital commitments rise, both in absolute and relative terms.
By Justin Henry
4 minute read
March 26, 2024 | The American Lawyer
Latham & Watkins Grows Bonus Pool With 15% of Profits, as Firms Seek Flexibility to Reward Top EarnersWhile Latham has been gradually expanding its bonus pool, other firms have reallocated the value of share points to reach similar ends.
By Justin Henry
5 minute read
March 25, 2024 | New Jersey Law Journal
'Bridgegate' Prosecutor Joins Arnold & Porter in NewarkLee Cortes started his legal career with predecessor Kaye & Scholer before entering public service. The firm also added the leader of the environmental practice at Maine-based Preti, Flaherty, Beliveau & Pachios.
By Justin Henry
4 minute read
March 20, 2024 | The Recorder
Lewis Brisbois Sued by Chinese Investors Over $92.5M Investment LossA group of 185 Chinese limited partners who put money into a $2.5 billion redevelopment project in Century City, Los Angeles, say the firm's "failure to exercise a modicum of diligence" helped cost them their entire stake.
By Justin Henry
4 minute read
March 19, 2024 | National Law Journal
Baker McKenzie Sues IRS for Details on Plans to Crackdown on Partnerships"Because I represent taxpayers examined by the IRS, I have a compelling need to understand how the IRS plans to impose on my clients so that I can effectively advise them and protect their rights," Baker McKenzie partner George Clarke said in a previous Freedom of Information Act request.
By Justin Henry
3 minute read
March 19, 2024 | The American Lawyer
Bonuses With Strings Attached Play Role in Partner RetentionFirms like Kirkland & Ellis and DLA Piper have used forgivable loans to bat away offers from rivals and Shearman & Sterling has used them to incentivize partners at the firm to stick around for the merger with Allen & Overy.
By Justin Henry
5 minute read
March 18, 2024 | The Recorder
K&L Gates Beefs Up West Coast Corporate Practice With Hires From Reed Smith, Hanson BridgettMattias Luukkonen and Michael Gorback are the latest California-based partners to join K&L Gates since the beginning of 2023, joining names from Tucker Ellis, Ellis George and Akin.
By Justin Henry
5 minute read
March 15, 2024 | The American Lawyer
Lewis Brisbois Loses Minneapolis Product Liability Group in Move to Husch BlackwellThe upcoming departures amount to nearly half of Lewis Brisbois' Minneapolis-based partnership.
By Justin Henry
3 minute read
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