Welcome to the daily rundown of top news for legal professionals. Within this digest, we relay versatile and impactful developments for lawyers, law firms, and in-house counsel across the globe. Today, we spotlight the city of St. Louis’s intense tax scrutiny of Bryan Cave Leighton Paisner.
The city of St. Louis stated in January that it believes Bryan Cave Leighton Paisner, “one of the few white-shoe law firms remaining in downtown,” has underpaid its tax bill by $370,000. This sum includes past-due taxes, interest, and penalties owed via the city’s 1 percent earnings tax. The city responded by sending Bryan Cave a notice of tax delinquency. This move led Bryan Cave to respond by paying the sum “under protest” and subsequently filing a lawsuit against the city’s demands. Refer to the full story on the Riverfront Times.
Elsewhere, a new study conducted by litigation funder Burford Capital reveals some interesting trends. The research involved 400 senior lawyers and finance professionals, including legal leaders within the construction and mining sectors. The research shows that these sectors are expecting the largest increases in litigation expenditure in the next five years, closely followed by the pharma and food industries. Three out of four general counsels in construction and real estate disclosed that a top priority for them is the increase in certainty and predictability of legal costs. You can find additional details on PR Newswire.
Finally, Kannon Shanmugam, a partner at Paul, Weiss, who represents the National Football League in a contract interference suit filed by former Las Vegas Raiders coach Jon Gruden, has refrained from commenting on a ruling. The ruling allows the league to compel the civil case into private arbitration, which may be overseen by NFL Commissioner Roger Goodell. Despite the ruling, Gruden’s attorney, Adam Hosmer-Henner, has announced plans to appeal to the full seven-member Nevada Supreme Court. This developing situation can be followed on NFL.com.
And, as always, we update you with the latest staff changes, moves, and appointments in the legal landscape. Check the full list of recent lateral moves and appointments in the original Bloomberg article.