UK & Ireland
Herbert Smith Freehills partner Dan Hudson has joined disputes boutique Seladore, becoming the latest partner to follow the same route.
Kyriakos Fountoukakos to serve as managing partner of global competition and trade team.
Jérémie Fierville folds boutique into UK disptues firm as it seeks ‘sustained growth’
Leading litigator Daniel Chia joins Prolegis with three-lawyer team to head new practice.
Team is led by Amit Khansaheb, who assembled group while at BMR Legal before moving to Shardul in 2017.
UK firm follows up Seoul launch in February with new office focused on aviation and maritime finance work.
As a new generation of lawyers shifts its thinking around career goals, more than a few attorneys have left their Big Law jobs behind to tap into the middle market. Now, two new firms created out of this impulse share one problem: There’s more demand than either can swallow.
An overview of the promotions and hires from across the Californian market including that of McManis Faulkner’s managing partner Elizabeth Pipkin and Dana Kennedy joining Miller Starr Regalia.
Dustin Calkins is the firm’s third partner hire in the Golden State this year. Goodwin Procter has hired Orrick Herrington & Sutcliffe real estate partner Dustin Calkins in San Francisco, the firm announced Thursday.
Hogan Lovells on Thursday hired consumer products litigator Trenton Norris in Northern California.
Chris Clark, who represents Hunter Biden in a federal tax investigation, is joining white-collar litigation boutique Clark Smith Villazor.
A total of 22 of the 25 firms with the most lawyers in Texas promoted 6.4% more partners in Texas in 2022 than in 2021, continuing a trend from the prior year.
Scott Graham joins seven former colleagues who jumped from Dentons Cohen & Grigsby corporate and private equity practices in January.
McCarter & English recently announced the election of seven new partners, including Travis Ferguson, a business litigation lawyer, who works out of both the firm’s Wilmington and Newark, New Jersey, offices.
She joins the firm’s Philadelphia office from Rawle & Henderson, where she was a partner, and brings with her over 25 years of litigation experience.
Simone Marstiller and Trey Price are joining the corporate law firm after serving in state-level government roles, where they both worked closely with other state officials.
The six new general counsel expected to oversee the six separate companies that will result from the breakup of Alibaba announced last month are expected to create a shakeup in the legal market in Asia, lawyers say.
Method Financial, a fintech startup backed by Y Combinator and Andreessen Horowitz, has hired former Capital One assistant general counsel Phil Chang as its first legal chief.
Bob Bailey is retaking the legal reins of the eye care giant after a decade away. He’ll work under recently hired CEO Brent Saunders, whom he formerly worked for at three companies.
The Seattle-based coffee giant’s new CEO is handing the legal reins to a former Medtronic, Fannie Mae and Pfizer legal executive Brad Lerman. The company has operated with an acting GC for the past year.
The cloud computing company handed the legal reins to Michael Bross, who has deep leadership experience, including a decadelong stint as general counsel of a business Rackspace acquired.
Promotions & Appointments:
Claire Howard and Daren Altieri have been promoted at their respective firms. Madsen Prestley & Parenteau recently promoted Claire M. Howard to partner. Howard represents individual employees in a range of employment disputes including whistle blower, discrimination and contractual disputes.
Office Openings & Closing:
The Los Angeles-founded firm has strengthened its bicoastal footprint with a bigger office space in New York, where it expects to soon hit the 25-attorney mark.
UK firm to lease 2,500 sq metres of historic tower from 2025 following eco-friendly refurbishment.
Danny Ong and Wern-Jhien Yam leave Singapore Big Four firm to open shop focused on dispute resolution, financial crime and insolvency.
Singapore launch follows Riyadh opening last month; firm also mulls expansion in Dubai, Brazil
Revenue slipped by 3.1% at Hunton Andrews Kurth, but the firm’s lawyer head count also declined by 4.9% in 2022. Net income, meanwhile, dropped by more than 17%.
The contraction in the equity tier and the growth of the nonequity ranks are not a result of de-equitizing partners, but a consequence of significant lateral hiring and its largest-ever partner class, the firm said.
Perkins Coie’s gross revenue grew slightly to $1.16 billion last year, while profits per equity partner fell 8.5% to $1.52 million.
The firm’s two largest practices, investment management and litigation, were up 17% and 25%, respectively, Schulte said.
Two years ago, law firms realized skyrocketing profits because they had no choice but to work remotely. Today, the cost-benefit analysis of spending on travel and in-person meetings is a matter of their own volition.
A look into the theory on the financial benefit of common law legal systems.
Profits per equity partner sank 20.2% to $2.8 million, but firm chair Hugh Verrier said he anticipates a “big bounce-back year.”
A number of the firms brought in a record amount of revenue in 2022, compared with 2021.
Litigation work buoyed the firm in 2022, led by representations of Boeing, Monsanto and Abbott Laboratories in high-profile products liability matters.
Even after a rate hike, the firm said its billing rates were still desirable because of how they compare across its office markets.
The news follows successive delays in the firm’s financial reporting.
Firm’s revenue rises to €352.66m for the 2022 fiscal year as Latin American and Portuguese business grows.
Technology & Innovation:
Corporate legal departments are increasingly receiving requests from business clients to use ChatGPT or similar AI-powered tools in their operations. These requests can be urgent, with business clients demanding enablement from legal. This article is in two parts: Part One briefly details what “generative AI” tools like ChatGPT are and provides an overview of key legal considerations, including by looking forward to upcoming AI-specific legislation in the EU and the U.S.
While few areas of the country have passed laws directly regulating artificial intelligence applications to date, introducing a human resources chatbot to your workplace still carries potential risk of violating any number of established labour and employment laws.
A legal insurance provider warned policyholders of the legal and cybersecurity risks of using ChatGPT. Given the chatbot’s rapid adoption, more scrutiny of the generative AI tool from insurers is likely to follow.
Proskauer Rose is investigating a data breach after large tranches of sensitive client information were found to be publicly accessible from its cloud-based site, highlighting the vulnerabilities that can exist when organizations transition their internal data to the cloud.
“With this level of breach that can and will happen, you can’t afford to take a wait-and-see approach if you are managing sensitive data,” said Rebecca Krauthamer, co-founder of quantum cybersecurity software firm QuSecure.
“Phishing has evolved past the Nigerian prince who wants to give you an inheritance you have never heard of, to somebody that you work with in accounting sending you what looks like a legitimate email saying, ‘There has been a last-minute change on the deal, and we need to change the wire transfer numbers,'” said Edward McNicholas, a Ropes & Gray partner.
Interest in the way in which technology can be used — and abused — in the practice of law has surged since the launch of ChatGPT.
Although it’s the high-profile attempts to replace human lawyers that have made their way to newsrooms, there’s plenty of industry-disrupting overhaul going on behind the scenes.
Diversity & Inclusion:
The Atlanta-based firm’s new venture, which launched Monday, will “offer culturally conscious legal services to LGBTQ businesses and Fortune 500 companies,” according to a news release.
The American Bar Association has announced the recipients of the 2023 Margaret Margaret Brent Women Lawyers of Achievement Award including a Hawaii Supreme Court justice, a New York University law professor, and Sidley Austin’s management committee chair.
Magic circle firm elevates 30 to partner – three more than in 2022 – with women accounting for 53% of promotions.
The legal industry personnel would come back to the office at least one more day per week if their firm provided their “ideal” mix of work experiences, a survey suggests.
In Asia, U.S. law firms have toppled the old British guard. This has been true for the last two years, at least. American firms have pushed and shoved their way to the top, now dominating the top 25 legal adviser league tables for acting on the largest and highest collective value mergers and acquisitions involving Asian corporates.
Ropes said a performance management process is part of its “normal course.” Industry observers say “aggressive” performance reviews this year are resulting in an increasingly blurry line between layoffs and review-time cuts.
“There’s so much insecurity rooted in establishing a paradigm where he who works the most is the most valuable,” said Foster Sayers, general counsel of Pramata.
New York state and New York City labor and employment laws are a shifting minefield. Laws may change so swiftly that an employer who is in compliance at one time may find itself quickly out of compliance once New York State or New York City passes a new law. Employers must keep up or face potential peril.
“There are some lawyers that have been practicing for a number of years or with the firm a number of years that don’t have the experience or knowledge,” said Stephen Kim, chief legal officer of Avicanna.
Limitless by Linklaters will offer alternative legal services without need for regional hub, firm says.