Philipp Schäuble has been announced as the latest addition to the team at Morgan Lewis, where he joins the labor and employment practice as a partner. Schäuble, previously part of McDermott, will be stationed in the Munich office in Germany, contributing his extensive knowledge on subjects such as remuneration systems, company pensions, restructurings, and employment…
Dan Schuster-Woldan, a seasoned expert with notable experience in financial services and private equity, will be joining Paul Weiss as their new head of European public M&A (Mergers and Acquisitions), the firm confirmed. Schuster-Woldan’s appointment comes amidst a paradigm shift where corporations are seeking mergers and acquisitions to broaden their market share, tackle competition, and…
On the morning of February 1, Ellena Erskine of SCOTUSblog provided a comprehensive rundown of the most pertinent legal news related to the Supreme Court. As noted, the blog compiles a short list of news articles, commentary, and other noteworthy links every weekday. One key news featured that morning was a petition by the Colorado…
More than sixty American citizens and their relatives, who were either killed, injured, or taken as hostages during the Hamas attack on Israel, have initiated a legal action against Iran seeking damages exceeding $1 billion. This compensation is being sought from the Islamic Republic for its alleged role in aiding the terrorist organization Hamas. The…
Starbucks Corporation recently encountered a disappointing quarterly earnings report, something that had been anticipated by industry observers considering a slowdown in discretionary spending and increasing price competition, particularly in China. However, these circumstances alone do not account entirely for the poor performance. Unprecedentedly, prominent analysts have also squared in onto the effect of consumer boycotts,…
In recent legal news, the Bar exam software known as ExamSoft is now in use, with its developers hoping to improve the test-taking process for aspiring lawyers.Reuters has more on this story. A Trump-appointed judge dismissed a lawsuit from Disney against Florida Governor Ron DeSantis. The judge argued that Disney lacks standing in this case,…
In a recent development, former US president Donald Trump has lost a legal challenge in London against an ex-British spy. The basis of this dispute is closely tied to a controversial dossier which alleges connections between Trump’s successful presidential campaign and the Kremlin. The information has been dismissed as baseless by many, but continues to…
Seattle-founded law firm Perkins Coie is reportedly contemplating the establishment of an office in London, marking its first venture into Europe. Such a move is reflective of the growing attention that London has received from US law firms over recent years. Notable examples include Wilson Sonsini, which launched in London in 2018, Alston & Bird,…
Managing leaders at Milbank, a renowned global law firm, have favorably commended the firm’s non-equity partnership tier for its positive impact in stimulating expansion in London. London Co-Managing Partner Andrej Wolf, during his conversation with Law.com International, conveyed that clients are indirectly asking for the firm’s high newly qualified (NQ) pay. The full information on…
In a recent move demonstrating the continued rejuvenation of HFW’s ranks, the firm has brought on an 11-member team from Ince Greece, specialising in shipping. This move falls in line with the firm’s aggressive expansion strategy which has been evident since the start of the 2023 financial year during which HFW has already hired 30…
In a significant move, Freshfields has enlisted former FTC Commissioner, Christine Wilson, according to the National Law Journal. This development is noteworthy due to Wilson’s public resignation from FTC, where she made headlines for strongly criticizing FTC Chair Lina Khan. At Freshfields, Wilson is expected to collaborate with senior executives and boards of directors, offering…
The Professional Women’s Hockey League started its first season this year primarily equipped by a mix of elite athletes, a billionaire financial backer, and a staff of experienced lawyers. With six teams spread across the U.S and Canada, the PWHL became the third endeavor to establish a North American pro women’s hockey league since 2007….
Increasing recognition of religious diversity forms the next chapter in corporate inclusion efforts. Companies across sectors are breaking away from the once prevalent approach of excluding religion from the workplace, choosing instead to acknowledge and embrace the beliefs of their employees. These initiatives often materialize as worker-led, faith-based groups, being incorporated into company policies to…
As the technological landscape continues to evolve in the healthcare sector, the use of Artificial Intelligence (AI) is growing at an unprecedented pace. Central to this growth, however, are the emerging lawsuits being lodged against insurers that could herald a wave of health litigation. These lawsuits, with attorneys predicting substantial growth in the months ahead,…
The Federal Trade Commission (FTC) recently increased scrutiny on data brokers with unprecedented settlements aimed at banning the sale of sensitive geolocation data. This comes as the latest attempt by the agency to tackle the industry’s long-standing alleged failures to sufficiently secure consumer information. In January, enforcement actions were taken against InMarket Media LLC, X-Mode…
Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at why law firms aren’t firing associates who are working less and getting paid more than ever. Nobody says life is easy for the lowest lawyers on Big Law’s totem pole. They are known to grind overnight and work plenty…
The Federal Circuit should reject the request from major players in the repair parts industry, LKQ and Keystone Automotive Industries, to scrap the existing framework for assessing design patent obviousness. These companies’ appeal, which aims to displace a framework that has assisted the public, courts, and the US Patent and Trademark Office for over 40…
Prominent legal professional, Ira Kustin, has recently made a move to rejoin Akin as a partner in its Investment Management practice in New York. This development was confirmed by the firm on a recent Thursday. Kustin maintains a practice focused on the formation and operation of private investment fund vehicles and accounts. Besides, his repertoire…
Amid ongoing legal disputes, the Medicare agency is set to initiate the first round of a government drug price negotiation program by sending an initial offer of the maximum fair price to selected pharmaceutical manufacturers. According to a report by Bloomberg Law, this move has been set in motion despite nine outstanding lawsuits challenging the…
Pillar Two of the OECD/G20’s Inclusive Framework on Base Erosion and Profit Shifting carries broad implications, spanning much more than businesses’ tax planning departments. This provision decrees that large multinational corporations need to pay a minimum level of tax and thus, modifies the dynamic between businesses and governments globally. The onset of Pillar Two in…
The Financial Accounting Standards Board’s new regulations for specific crypto assets aim to enhance accounting and disclosure. Even though these rules will only come into effect in 2025, corporate entities could choose to adopt them earlier for potential immediate benefits. These rules aspire to furnish investors and other capital allocators with more valuable information that…
The recent spate of liability management transactions has curtailed the quantity and quality of Chapter 11 bankruptcy filings in 2023. Although these filings have seen a slight increase when compared to 2022, they still fall short of the tally during the pre-pandemic period. The surge in liability management transactions can be attributed to loose restrictive…
In recent news, four firms have secured roles in a major deal that shifts control of supermarket titan, Morrisons’ petrol business to counterbalance its debt. Morrisons, a prominent player in the supermarket industry, has sold its petrol forecourts in a remarkable deal valued at £2.5B. The weighty transaction drew the legal expertise from four notable…