Paul Weiss Secures Largest US Commercial Office Lease of 2021 in Midtown Manhattan

High-profile law firm Paul Weiss Rifkind Wharton & Garrison LLP has reportedly signed a 20-year lease for an expansive 765,000-square-foot office space in a prestigious midtown Manhattan skyscraper, marking the largest commercial office lease in the U.S this year. The expansive lease agreement, as noted by real estate titan Fisher Bros., underscores the firm’s sustained…

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Orrick Herrington & Sutcliffe Settles Data Breach Litigation Involving 461,100 Individuals

Orrick Herrington & Sutcliffe LLP, a notable multinational law firm, has announced that it has successfully reached a preliminary settlement for litigation over a significant data breach that occurred in March. The alleged data breach is said to have exposed personal data, involving social security numbers of over 461,100 individuals. This settlement has been communicated…

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Pharmaceutical Giants Delist Patents Amid FTC Crackdown on FDA Database Misuse

In an effort spearheaded by the Federal Trade Commission (FTC), pharmaceutical companies have taken measures to remedy cases of alleged misuse of a U.S. Food and Drug Administration (FDA) database. The FTC’s initiative aims to combat attempts by drug manufacturers to artificially extend their exclusivity period. Three major companies in the pharmaceutical sector, GlaxoSmithKline, Kaleo,…

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PTAB Denial Review for Ford and Honda Patent Disputes Draws Industry Attention

U.S. Patent and Trademark Office Director Kathi Vidal has confirmed her decision to scrutinize the rejections of patent disputes presented by Ford Motor Company and Honda Motor Co. These negations are particularly striking, considered in connection to earlier petitions filed by their rival, Volkswagen. The automakers have expressed concerns stating this situation contradicts prevalent regulations….

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TikTok and Alibaba Face GOP Heat Over Data Privacy and Counterfeit Goods

Two key House Republicans are pushing TikTok, Alibaba, Shein and a number of other China-based e-commerce businesses to divulge more information on their measures to address data privacy and security risks, the circulation of counterfeit products and instances of human rights abuses on their platforms. These prominent political figures are spearheading efforts to hold large…

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US Law Firm Akin Gump to Shut Down Beijing Operations, Maintaining Asian Presence in Singapore and Hong Kong

Akin Gump Strauss Hauer & Feld, a renowned law firm in the United States, has announced plans to conclude its operations in Beijing, China by 2024. A spokesperson from the firm communicated the decision via email to Law.com International, stating the firm currently houses four lawyers in its Beijing office. Despite this move, Akin Gump…

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Law Firms Ropes, Wachtell, and Milbank Advise on Nippon Steel’s $14.1B Acquisition of US Steel

In one of the significant M&A deals announced this month, Nippon Steel’s $14.1 billion acquisition of U.S. Steel, three major law firms have provided expert advisory. As reported by Law.com, Ropes & Gray advised Japan’s largest steelmaker, Nippon Steel, whereas U.S. Steel sought advice from Milbank and Wachtell, Lipton, Rosen & Katz. Despite facing some…

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Ex-Gibson Dunn Attorney Sentenced to Prison Over Insider Trading Conviction

Romero Cabral Da Costa Neto, a 33-year-old Brazilian attorney, formerly associated with Gibson, Dunn & Crutcher, has been sentenced to two months in prison due to insider trading charges. This conviction follows his guilty plea for illegal trading based on material, nonpublic information, as divulged by the U.S. Attorney’s Office for the District of Columbia….

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Trump Appeals for Immunity from Prosecution: Presidential Immunity Debate Reaches Supreme Court

Donald Trump is currently positioned between contesting his case for comprehensive presidential immunity and asserting that the DC Circuit and the Supreme Court should deliberate thoughtfully before delivering a decision. His case is rooted in Judge Tanya Chutkan’s denial on December 1 of Trump’s bid to dismiss his election interference case on the grounds of…

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Law Firms Compete in 2023 Pay Raise Wave: Goodwin Procter Announces Generous Associate Salaries and Bonuses

The legal industry is ending 2023 on a high note, with more law firms announcing raises for their associate attorneys. Among them, Goodwin Procter, a colossal firm, boasted 1,633 attorneys and $2,211,469,000 in gross revenue last year. This recent phenomenon of firms increasing associate salaries was set in motion last month through a domino effect…

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Legal Sector Innovations Fostered Through Above the Law’s Collaborative Partnerships

As the holiday season approaches, it is a time for reflection and gratitude. In a recent announcement from Above the Law, they’ve taken the time to express their thanks to their valued sponsors and advertisers, a collaboration which greatly contributes to the media platform’s continuing success. Among the appreciated partners that Above the Law specifically…

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