Lawyers from Covington & Burling have secured a victory worth 267 million dollars for DTEK Group in a dispute with Russia pertaining to seized assets in Crimea. Following a five-year long legal battle, an international arbitration panel based in The Hague ordered Russia to compensate with the hefty award amount, as confirmed by both the company and the firm. You can read the detailed case overview at the DTEK Group.
In other significant updates, the recent Supreme Court Decision to squash affirmative action in college admissions is expected to pose challenges for diversity and inclusion initiatives, as per around 64% law firms in a survey conducted by Leopard Solutions. The survey report highlights these concerns and is available for review on the Leopard Solutions website.
In an interesting development, SMB Law, a boutique law firm catering to small business clients has managed to win over approximately 270 clients primarily through social media platforms. So far this year, the firm claims to have advised on deals worth 857 million dollars. This innovative client acquisition strategy is featured in a recent article on Business Insider.
Additionally, IP and technology law firms Maschoff Brennan and Mauriel Kapouytian Woods have announced their plans for a merger. The merger, scheduled to be effective from January, will result in a united firm that will incorporate 45 attorneys across six US offices. More details can be found in the formal announcement made by Maschoff Brennan and Mauriel Kapouytian Woods.
Lateral movements and new appointments within the legal realm also feature in this week’s updates. Notably, Gabriel Silva has been included as an energy and infrastructure partner in the New York office of Simpson Thacher, while Noah Carr and Gordon Palmquist have taken on partner roles in Tokyo for Freshfields Bruckhaus Deringer.
The complete rundown on these legal developments and more can be found on Bloomberg Law.