“Law Firm Turmoil: Key Stories Impacting the Legal Industry Today”



Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

  • Retired Kirkland & Ellis partner Richard Porter confirms he was the unidentified “senior citizen” who confronted Rep. Matt Gaetz (R-Fla.) at the Republican National Convention Tuesday after Gaetz was seen yelling at former House Speaker Kevin McCarthy. According to a TMZ account, an “older gentleman” tells Gaetz “to stop being an “a**hole” … and you can tell Matt’s thrown off by the whole interaction. MG says he doesn’t even know this fella, but the senior citizen holds his ground … staring him down.” (LinkedIn)
  • Behind the mass exodus from Lewis Brisbois Bisgaard & Smith was a “partner uprising” over alleged mismanagement that involved “inadequate” accounting practices. Messages show equity partners highly agitated over uncollected invoices worth thousands—and thousands more in funds owed to clients. Said one: “(I)t is [expletive] unconscionable the amount of money we have kept on retainers for closed files and never returned to the clients. Illegal, really.” (Law.com)
  • The Venmo network of GOP vice presidential candidate Sen. J.D. Vance, who graduated Yale Law School in 2013, is largely made up of attorneys, “the vast majority of whom received their law degrees from Yale Law around the same time he did.” Vance has condemned schools like Yale as “elite universities” that effectively serve as “expensive day care centers for coddled children.” (Wired)
  • Florida is now the biggest state to have adopted the NextGen bar exam, the first significant redesign of the national lawyer licensing test developed in a quarter century. The new test will take nine hours compared with the current 12-hour test, and will be given entirely on computers. (Reuters)