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The American Lawyer

'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns

A ruling from an Illinois appellate court has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.
8 minute read

The American Lawyer

Quinn Emanuel's 38% PEP Growth Came From Heightened Leverage, High-Profile Cases

Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.
5 minute read

National Law Journal

Top D.C. Firms Earn Seven Figures Representing Foreign Govts., Filings Show

Squire Patton Boggs, Hogan Lovells, Arnold & Porter and Akin are among the firms registering lately as representing foreign principals. The documents highlight what is for some a growing source of business in their public policy practices.
5 minute read

National Law Journal

Steptoe's Revenue Grew 13% Amid Lateral Expansion and Rising Litigation Demand

Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read

New York Law Journal

Lawyers for Dechert, Ex-Partners Urge SDNY Judge to Dismiss RICO Complaint

Plaintiffs counsel said that the defendants worked together to hack his client's confidential information and use it against him while concealing its source.
3 minute read

National Law Journal

Clifford Chance Lures 2 Partners From Kirkland & Ellis

As Clifford Chance continues expanding its energy and infrastructure capabilities in the U.S., the firm has hired partners in Houston and Washington, D.C.
3 minute read

The American Lawyer

UPDATED: Dechert Reaches Multimillion Dollar Settlement for Aviation Entrepreneur's UK Hacking Claims

Farhad Azima had accused the law firm of paying an operative to steal his computer information on behalf of its client, the Emirate of Ras Al Khaimah.
3 minute read

New York Law Journal

'You Need Specific Examples': What Employers Can Learn from Davis Polk Retaliation Verdict

More than a dozen current and former Davis Polk partners testified in the course of the trial, along with several current and former professional development staff members. That level of detail gave weight to the defense.
3 minute read

The American Lawyer

Steptoe Duo, Including Ex-Puerto Rico Governor, Jumps to Reed Smith

Luis Fortuño, the former governor of the U.S. territory, and global commercial disputes group partner Juliya Arbisman both have international practices.
3 minute read

Daily Business Review

Greenberg Traurig Picks Up Former Ballard Spahr Fintech Co-Lead, Expanding its Financial Regulatory Team

"A lot of fintechs are either starting themselves in Florida or moving from San Francisco to go to Florida, so it was definitely an intentional move," incoming Greenberg Traurig shareholder Lisa Lanham said of her jump to the Miami-born firm.
3 minute read

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