Photo: NAR studio/Shutterstock.com Corporate Legal Departments Forge Ahead With Spending Amid Coronavirus Outbreak
"That was a little surprising to us based on the reaction we'd seen from law firms early on in their cost-cutting measures," said Laura Meherg, a founding partner at Wicker Park Group who was involved in a new study on COVID-19's impact on legal departments.
August 06, 2020 at 02:14 PM
4 minute read
Despite the COVID-19 pandemic and related economic crash, the majority of corporate legal departments are not planning to dial back spending and expect to continue to use outside counsel just as much as they did before the novel coronavirus outbreak.
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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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