The $175 million bond that was arranged for former U.S. President Donald Trump, playing a crucial role in his appeal against a civil fraud suit in New York, was brokered by a long-time supporter and wealthy California businessman, Don Hankey. Hankey’s diverse financial portfolio includes car dealerships, real estate, and financial services. He is the…
Everything seems to be expanding in Texas, and Biglaw is no exception. Nelson Mullins, a firm that reported a whopping $727,916,000 in gross revenue in 2022, is the latest entrant to the Lone Star legal landscape, opening its second office in the state in Houston, following the establishment of its first Texas outpost in Dallas…
King & Spalding reinforces their business litigation team with the addition of three partners: Jennifer Recine, Sarmad Khojasteh, and David Kupfer. These partners have transitioned from Kasowitz Benson Torres to join the New York practice group at King & Spalding, as reported on Tuesday. Jennifer Recine, who co-chaired Kasowitz’s real estate litigation practice, brings her…
Neil Hare, a seasoned professional with a track record in business finance, policy, and regulations, has come onboard at Dentons as a partner with the public policy practice in Washington, D.C. Dentons made this announcement recently. In his new role, Hare brings with him his expertise in counsel on public affairs and policy matters. His…
Last week’s Tax Court ruling on conservation easements signals an increasing openness to Administrative Procedures Act (APA) challenges to Treasury regulations. Its impact extends beyond practitioners and taxpayers currently grappling with easement issues before the IRS. In the case of Valley Park Ranch LLC v. Commissioner, the Tax Court invalidated a Treasury regulation, highlighting the…
Bryan Cave Leighton Paisner has recently amalgamated with Harrigan Leyh Farmer & Thomsen, a Seattle trial firm, thereby tripling the size of its base in the Pacific Northwest. This significant move is a follow up to the opening of Bryan Cave’s Seattle office a year ago when it added litigators from Schwabe Williamson & Wyatt,…
In an extraordinary show of support, over 100 federal and state advocacy groups have officially expressed their endorsement of Adeel Mangi, the nominee for the Third Circuit judicial position. If confirmed, Mangi will have the distinction of being the first Muslim federal appellate judge. The nomination, however, has attracted a significant degree of opposition in…
The United States Supreme Court has once again become the fulcrum of interest and attention with important cases and crucial decisions marking this week’s proceedings. For anyone interested in perusing day-to-day updates about the nation’s highest court, it would be advantageous to be apprised of a shortlist of news articles, commentary, and other critical links…
Support appears to be waning for fully online law schools, while their fully in-person counterparts are underwhelming, according to Law.com. The debate surrounding the efficacy and legitimacy of exclusively online law education continues to polarize legal professionals. In other news, President Donald Trump has posted bond, causing a delay in the seizing of his assets….
A Florida resident, who confessed to leaving a voicemail threatening to assassinate U.S. Supreme Court Chief Justice John Roberts, has been sentenced to 14 months in a federal prison. The male individual explicitly threatened the Chief Justice’s life twice in the voicemail message left in the latter’s chambers. This occurrence serves as a stark reminder…
Stockholm-based private equity firm EQT AB has reached an agreement to acquire the compliance software provider Avetta LLC. This deal signifies a slow but controlled revival in private equity — a sector that has regained its interest in multibillion-dollar deals after a period of restrained activity. The transition of ownership will see Avetta move from…
The legal landscape continues to evolve, and this week both established and new firms have made significant inroads in further establishing their presence across the country. Leading this charge is the highly respected law firm, Nelson Mullins, which has recently launched its Houston office, comprising a strong team of 10 litigators and corporate lawyers from…
Fennemore Craig, a law firm based in Arizona, has begun a recruiting spree from Denver boutique firm Moye White, bringing in approximately 50 lawyers. This significant move brings a near-closure to Moye White, which has been operating for roughly half a century. The recruited talent pool also consists of about 30 legal professionals. Fennemore Craig…
In a significant development in the legal and sports industry, Latham & Watkins and O’Melveny & Myers have reportedly been selected to helm the legal work for a €4.2 billion (£3.6 billion) deal involving MotoGP, the world’s premier motorcycle racing championship. The deal is being driven forward by Dorna Sports, the organiser of both the…
Sidley Austin continues to expand its private equity sector with the addition of another partner from Paul Weiss Rifkind Wharton & Garrison. It has now been announced that John Godfrey will be joining the firm’s M&A and practice equity practice as a partner based in New York. This comes as part of a wider trend,…
In recent developments within the legal realm, KPMG’s law practice affiliate in Hong Kong is set to shut down. This comes amidst a strategical pullback trend amongst the giants in the sector. KPMG’s move shadows a similar action taken by EY earlier this year. While information related to these developments is sparse and scattered due…
A recent announcment saw numerous general counsel from FTSE 100 companies – including notable names such as GSK, Coca Cola, ITV, Taylor Wimpey, and Goldman Sachs – making a pledge towards pro bono commitment in an effort to increase in-house involvement. They have pledged to hit a 50% target for pro bono work, underlining their…
As one of the most significant mergers within the legal industry, the upcoming union of Shearman & Sterling with London’s Allen & Overy has seen Shearman keep its core US partnership primarily undisturbed, even amid a numerous partner departures. Reportedly, over 30 partners have exited Shearman since the announcement of the merger last year, although…
Despite Elon Musk’s recent threats to move Tesla out of Delaware due to alleged disagreements with the state’s Court of Chancery, there continues to be a significant preference for company incorporation in Delaware. Delaware appears to still dominate as the preferred location for venture capital and investors, even with recent rulings that have sparked uncertainty…
The New York court’s new regulation, allowing a single party in a case to seek disability adjustments independently of the other party, is attracting attention due to potential privacy and bias risks facing litigants and lawyers. Legal professionals and advocates for disability rights have both voiced their anxieties. Beneath the new rule, parties are permitted…
In the midst of cryptocurrency’s upward revenue trajectory, an increasing concern arises on tax compliance and policy making in compensation to society. Despite some volatility, digital assets’ popularity continues to climb. With this, the tax reporting gap has also escalated resulting in a loss of at least $50 billion in revenue from crypto transactions. Revolutionary…
A recent move by a special purpose broker dealer (SPBD) to unilaterally declare custody of the digital asset ether (ETH) as a digital asset security has thrown a curve at the industry, stirring confusion and potential legal repercussions. It’s worth noting that the majority of the cryptocurrency industry currently views ETH as a non-security, including…
Significant alterations are afoot in the accounting sector that have the potential to greatly affect financial institutions globally. At the epicentre is the contentious credit losses framework known as Topic 326. The Financial Accounting Standards Board (FASB) advanced a proposal to revise this in February, a proposal which aims to simplify and unify accounting for…
On Monday, the Florida Supreme Court issued a landmark ruling stating that the state’s constitution lacks provisions protecting the right to abortion. This verdict was as a result from the case, Planned Parenthood of Southwest and Central Florida vs. State of Florida. The ruling effectively upholds the existing 15-week abortion ban and triggers the Heartbeat…
The residence of Libya’s Prime Minister, Abdulhamid al-Dbeibah, was targeted by rocket-propelled grenades last Sunday, in what appears to be a targeted attack. Thankfully, the onslaught yielded no casualties and minimal damage, according to reports from an unnamed Libyan official. As of now, no entity has made any claim of responsibility for this assault. This…