Welcome to today’s legal news roundup for esteemed lawyers, robust law firms, and dynamic in-house counsels alike.
A notable development is the engagement of Alex Spiro, Quinn Emanuel’s “celebrity” partner by New York City Mayor Eric Adams for representation in sexual assault allegations lodged by an NYC Transit Police Department colleague from many years ago. Renowned for having high-profile clients such as Jay-Z and Elon Musk, Spiro’s remuneration details and who would be paying him are not yet disclosed.
UK’s law firms are advised to execute “trigger warnings” as growing concerns arise about the mental well-being of lawyers working beyond 3,000 hours per annum. This advisory follows the tragic demise of Pinsent Masons senior partner Vanessa Ford last September amidst a severe mental health crisis.
Looking at the revenue upscales, it seems that “elite” New York law firms exceeded the market in 2023. Firms enhanced their equity investment and honed in on mid-market M&A work plus “big-ticket litigation”. Milbank, Cravath, and Wachtell are three of the 19 firms that witnessed significant revenue growth, jumping 17.8%, 15.8%, and 15% respectively.
There was also an array of shift in job positions across a number of law firms. These included, but were not limited to, Greta M. Peisch and Diana R. Shaw joining international trade practice and white collar defence and government investigations practice of Wiley respectively; Avi Luft coming aboard Akin as a financial restructuring partner; Jason D. Hirsch becoming a partner at Nixon Peabody, and many more.
Interesting personnel movements to note amongst the law fraternities are sure to impact the professional landscape. For more such updates on lateral movements, in-house changes, and more, you can go through the comprehensive job change rundown here.
That’s a wrap for today’s crucial legal news bulletin. Thank you for joining.