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Stockholder Derivative Litigation Update
The Delaware Court of Chancery recently addressed a nearly unprecedented issue: the discovery and privilege implications of a special litigation committee's decision to hand over control of a company claim to a stockholder derivative plaintiff who initiated the claim and survived a motion to dismiss. As Joseph M. McLaughlin and Shannon K. McGovern discuss in this edition of their Corporate Litigation column, the framework established by the court to provide the plaintiff with the benefit of the SLC's work has expansive disclosure aspects and important boundaries to be understood by practitioners.On the Move: Tracking the Ins and Outs of California Lawyers
New hires and promotions from across the California legal market.Simpson Thacher Invests in Innovation, Hiring Prominent CKO Oz Benamram
Benamram will serve as Simpson Thacher's first chief knowledge and innovation officer.Is Guaranteed Compensation a Savvy Lateral Lure or an Unnecessary Risk?
Guaranteed pay packages can sway star recruits, but they also pile on risk for overeager firms.Irell & Manella Sees More Partner Exits Amid Practice Pivot
The shift in strategy comes as three partners jump to other firms, with more departures expected. "This is a real tipping point, this is the direction we're going in," one Irell lawyer said.Orrick Becomes Third Big Law Firm to Invest in Reynen Court's App Store
Orrick's investment was made public Thursday, the day before Reynen Court announced its own commercial release, exiting the beta period that was launched last August.Orrick Invests in Newly Launched 'App Store' for Legal Tech
Orrick, Herrington & Sutcliffe is the third law firm to invest in the Reynen Court platform, after Clifford Chance and Latham & Watkins previously raised $7 million.Orrick Pours Cash Into Reynen Court, Newly Launched 'App Store' for Legal Tech
The move makes Orrick the third law firm to invest in the platform, after Clifford Chance and Latham & Watkins helped raise $7 million.Freshfields Says It Had No Deal With Recruiter Seeking Credit for Klingsberg Move
The firm said the effort to recruit Ethan Klingsberg from Cleary had been underway for "months" when Boston Executive Search Associates claimed to have made the introduction.IP Trio From White & Case, Fenwick Reunites at Axinn in SF
The hires fall in line with Axinn's lateral strategy of picking up recruits from Big Law firms where partnership is increasingly exclusive.Trending Stories
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