Disclosure Request: Wachtell, Lipton, Rosen & Katz asked the Securities and Exchange Commission Tuesday to consider freeing public companies from quarterly reports, the Wall Street Journal reported. The move is part of the law firm's ongoing war against some types of investors. “It is the latest idea put forward by Wachtell to combat what it and some others see as an excessive focus on short-term performance that they say has been encouraged by activist shareholders,” Journal reporter David Benoit writes.

Law School in Crisis: Are lawyers getting dumber? Bloomberg Businessweek asks the woman who runs the bar exam, and she says, yes, law schools are admitting lesser qualified candidates. On the “no” side, the cover story highlights Nick Allard, a Squire Patton Boggs senior partner and dean of Brooklyn Law School. The story also includes a quiz of bar exam questions, for any lawyers who'd like to relive the glory day of their post-law school youth.

Trial by Fire: Nell Gluckman of AmLaw Daily profiles the four female lawyers who are part of the defense team for Dewey & LeBoeuf's former leaders on trial. “Not only are they working seven days a week on a blockbuster jury trial, but the experience has helped open their eyes to the realities—and sometimes the ugly side—of the business of law,” she writes.

Dearth of Diversity: The New York Times explores the miniscule percentage of black lawyers who make Big Law partnerships. The story focuses on two lawyers, a partner at Barnes & Thornburg in Indianapolis, and a special counsel at Kelley Drye & Warren in D.C.

Howard Dean on Political Stage: When Massachusetts Democrats gather for a state party convention next month, they'll call upon Howard Dean, one of Dentons' most high profile advisers, to stand in for Hillary Clinton, reports the Boston Globe.