Corporate legal leaders, including general counsel, are experiencing generous financial protections in the advent of business sales and transfers, according to coverage by Law.com. These “hefty payouts” act as financial security blankets designed to enable “soft landings” in cases of job displacement resulting from company sales. An instance illustrating this trend involves U.S. Steel General Counsel Duane Holloway, who may procure over $16 million should the proposed $14 billion deal to sell the company to Nippon Steel successfully closes.
In the legal world, Missouri-based law firm Blitz, Bardgett & Deutsch has declared the opening of their new Kansas City office, marking a key phase of expansion, as reported by the St. Louis Post-Dispatch. The firm’s reputation precedes them, thanks to their involvement in a case that secured a $790 million settlement, in part, from the National Football League (NFL) related to the relocation of the St. Louis Rams to Los Angeles.
Apart from corporate buyouts and law firm expansions, the legal scene also accommodates some rather unique off-the-job occupations. Locke Lord public development finance lawyer Drew Slone offers something distinctly different from her legal capabilities. According to D Magazine, Slone engages in “feats of strength” training, involving routines such as pulling 18,000-pound trucks across parking areas.
On the transitions front, Stephen Wortley has recently joined DLA Piper as a partner in the cross-border capital markets practice in Vancouver and New York. Marion T. Hack has moved to Cozen O’Connor, enriching their team as a shareholder in Los Angeles. Hack’s prior legal base was at Troutman Pepper. Other noteworthy shifts include Alice Morical‘s transition to Faegre Drinker, where she will contribute as a partner in the business litigation group in Indianapolis, and Alan Bao joining White & Case as a partner in the global mergers and acquisitions practice in Beijing, moving on from O’Melveny.
More coverage of these and other legal developments can be found in the original Bloomberg Law’s Wake Up Call article.