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December 06, 2021 | The American Lawyer

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The Recorder

In the Midst of a Talent War, Lockstep Can't Last—Even at Cravath

The evolution of new leading law firms, and the types of legal work that lead to great profits, have allowed non-lockstep firms to change the game.
10 minute read
December 06, 2021 | The American Lawyer

Cravath Adopts Modified Lockstep Compensation System

After close to 50 years of a pure lockstep compensation system, an internal memo says the firm is making the change to advance its strategy.
2 minute read
December 01, 2021 | The American Lawyer

Kirkland Shortens Track to Equity Partnership

With law firms competing for talent, Kirkland's junior lawyers can now share in the firm's profits more quickly.
2 minute read
November 22, 2021 | The American Lawyer

Deal Watch: Private Equity Hits New Heights

PE-backed M&A announcements hit $1 trillion for the first time. Meanwhile deals and SPACs keep popping.
14 minute read
In Re Chemours Co. Derivative Litig.
Publication Date: 2021-11-16
Practice Area: Corporate Entities
Industry: Chemicals and Materials | Manufacturing
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys:
For plaintiff: Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Mark Lebovitch, Daniel E. Meyer, Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Robert D. Klausner, Stuart A. Kaufman, Klausner Kaufman Jensen & Levinson, Plantation, FL; Gustavo F. Bruckner, Daryoush Behbood, Pomerantz LLP, New York, NY; Kip B. Shuman, Shuman, Glenn & Stecker, San Francisco, CA; Rusty E. Glenn, Shuman, Glenn & Stecker, Denver, CO; Brett D. Stecker, Shuman, Glenn & Stecker, Ardmore, PA for plaintiffs.
For defendant: Joel Friedlander, Jeffrey Gorris, Christopher Foulds, Friedlander & Gorris, P.A., Wilmington, DE; Jonathan M. Moses, Ryan A. McLeod, Justin L. Brooke, Wachtell, Lipton, Rosen & Katz, New York, NY for defendants.
Case number: D69607

Plaintiffs failed to allege sufficient facts to support claim of demand futility because it could not show that officers and directors faced substantial liability for approving stock repurchases and dividend payments. Motion to dismiss granted.

November 10, 2021 | The American Lawyer

'Top Dollar for Top Judgment': In Public and Behind Closed Doors, Big Law Investigations Practices Are Booming

A recent string of high-profile investigations in professional sports and the film industry are out in the open, and changing DOJ policy is likely to yield many more probes that won't see the light of day.
8 minute read
November 08, 2021 | The American Lawyer

Deal Watch: 2021 Is the Year of the IPO

While big deals and SPACs have eaten up attention, IPO activity has blossomed in 2021 and shows no signs of letting up.
14 minute read
November 08, 2021 | The Recorder

Deal Watch: 2021 Is the Year of the IPO

The leading industry for IPOS this year is technology, with 360 tech companies going public so far in 2021, more than any time since 2000.
14 minute read
November 05, 2021 | Litigation Daily

Here Comes Another Loaded Batch of Litigator of the Week Runners-Up and Shout Outs

Runners-up this week include teams from Akin Gump, Kirkland and Skadden.
6 minute read

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