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June 29, 2023 | Corporate Counsel

Lawsuit Claims Accused FTX 'Fixer' Daniel Friedberg Silenced Whistleblowers, Enabled Fraud at Bankrupt Crypto Exchange

A lawsuit against Sam Bankman-Fried's so-called "fixer" Daniel Friedberg says the former FTX lawyer breached his duty "to ensure that proper safeguards were in place to prevent FTX insiders from looting the company."
3 minute read
June 27, 2023 | The American Lawyer

Perkins Coie Plots Growth, Investments in AI, Despite Unusual String of Partner Departures

The firm has experienced an unusual number of partner departures in recent years, which sources attributed to competitive pressures from more profitable Big Law firms and smaller boutiques.
8 minute read
June 27, 2023 | The Recorder

Private Biotechs Are Chasing Public Companies as IPO Window Remains Shut

Reverse mergers are emerging as a popular mechanism for private life sciences companies to reach the public markets, and that may increase if public companies continue to see their stocks stumble.
6 minute read
June 27, 2023 | Law.com

Audible Violated California Law With Automatic Renewals, Federal Complaint Says

The suit was first surfaced by Law.com Radar.
2 minute read
June 26, 2023 | The American Lawyer

Deal Watch: Orrick and Fenwick Guide Generative AI Deal That Signals Future Use of Tech

The legal community knows it will need to use generative AI to augment its work. But what data sets it uses in AI tools is still being worked out.
7 minute read
June 23, 2023 | New York Law Journal

Sam Bankman-Fried Can't Subpoena Fenwick & West, Federal Judge Rules

U.S. District Judge Lewis Kaplan ruled that Bankman-Fried's proposed subpoena "would serve as a fishing expedition" into records associated with Fenwick, which previously provided legal counsel to FTX and the crypto hedge fund Alameda Research.
3 minute read
June 21, 2023 | The American Lawyer

Perkins Coie Defers Incoming Corporate Associates

Corporate associates will receive a $15,000 stipend and begin in January. Perkins is the latest of several tech-oriented law firms to defer its incoming class.
2 minute read
June 20, 2023 | The American Lawyer

Deal Watch: Wachtell Reps the GOAT in Hornets Sale; Confusing Times Continue for Dealmakers

While Wachtell and King & Spalding had a big week in deals, M&A lawyers remain uncertain about the deal market ahead amid continuing signs of uncertainty.
6 minute read
June 20, 2023 | The American Lawyer

Layoffs Are Spreading. After All, There's Only So Much Work to Go Around

A patchy corporate market has created a mismatch between staffing and demand levels at several law firms with broader client bases that stretch beyond the tech sector.
6 minute read
June 14, 2023 | Law.com

In Canada, the Glory Days of Associate Signing and Retention Bonuses Are Over

As U.S. firms shed lawyers, Canadian firms are holding steady and being more strategic in their hiring, says a new salary report.
3 minute read

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