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March 14, 2024 | The Recorder

Guess What? Voters Hate Taxes

"The electorate and the legislature share the state's lawmaking power, so the electorate's power to propose and adopt tax laws is at least as broad as the legislature's," write David A. Carrillo and Stephen M. Duvernay of the California Constitution Center at Berkeley Law.
6 minute read
March 14, 2024 | Law.com

Come Back With a Warrant: State Court Deems Aerial Observation of Property Using Telephoto Lens Unconstitutional

The Alaska Supreme Court issued an opinion last week declaring the police practice of taking overhead pictures using telephoto lenses without a warrant to be an unreasonable search in violation of the Fourth Amendment's and Alaska Constitution's protections of privacy.
7 minute read
March 14, 2024 | National Law Journal

With Slower Start to 2023, Munger Tolles Sees Revenue Decline to $306M While PEP Rises

As the number of equity partners at the firm shrunk nearly 10% to 74, the firm's average PEP was up around 5% to $2.2 million.
4 minute read
March 14, 2024 | Corporate Counsel

Michael Lynch Was a Titan of British Tech. Then He Got Crosswise With HP

Lynch was CEO of the software firm Autonomy when HP bought it for $11 billion, a deal that's gone down as one of the biggest flops in M&A history. Prosecutors allege he duped the Silicon Valley giant into overpaying by inflating Autonomy's financial performance at a time the company was tanking.
8 minute read
March 14, 2024 | The Recorder

How Judges Weigh Lead Counsel Decisions in Class Actions and MDLs

"I talk a lot to my new colleagues because it is kind of an animal many of them are not acquainted with. And it's like, 'What do we do?'" said Chief Judge Richard Seeborg of the Northern District of California.
6 minute read
Law Journal Press | Digital Book New Jersey Tax Handbook 2025 Authors: Robert F. Connolly, MST, Susan K. Dromsky-Reed, Jeffrey D. Gordon, Tiffany Wagner Donio, Frances B. Stella, Margaret Wilson View this Book

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March 14, 2024 | The American Lawyer

O'Melveny Re-Elects Chair, Prepares for 'Tremendous' 2024 After Revenue Dip

Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.
6 minute read
March 13, 2024 | The Recorder

California Bill Would Probe ADR Firms' Practices for Ethics Compliance

SB 940's author, state Sen. Tom Umberg, D-Santa Ana, said a voluntary certification program will encourage ADR firms to prove their practices comply with legal ethics rules.
3 minute read
March 13, 2024 | National Law Journal

FTC Chair Khan Warns About the Concentration of Technology Firms

"To stay ahead globally we don't need to protect our monopolies from innovation. We need to protect innovation from monopolies. We need to choose competition over national champions," Lina Khan said.
3 minute read
March 13, 2024 | The American Lawyer

With Mass Torts 'Getting Even Bigger,' Shook One of the Latest to Add in LA

Alycia Degen, who was a co-leader of Sidley's product liability and mass torts practice, has moved to Shook, as it continues building its Los Angeles office.
3 minute read
March 13, 2024 | New York Law Journal

Montgomery McCracken Replaces Cohen & Gresser as Bankman-Fried's Lawyers in SEC, CFTC Actions

The SEC and CFTC cases against Bankman-Fried have been stayed since February 2023 pending the conclusion of his criminal case. U.S. District Judge Kevin Castel is presiding over both cases.
2 minute read

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