The 2024 “40 Under 40”: Honoring Young Legal Professionals Making Waves in the Legal Field

We are pleased to announce the 2024 honorees of “They’ve Got Next: The 40 Under 40,” the fourth annual Bloomberg Law award celebrating outstanding young lawyers from across the nation. This select group of professionals has demonstrated remarkable achievements in their respective fields, including law firms, corporations, non-profits, and government agencies. These individuals exemplify excellence…

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US Supreme Court’s Purdue Pharma Ruling Introduces New Uncertainty in Bankruptcy Law

The US Supreme Court’s decision striking down Purdue Pharma’s bankruptcy settlement is creating significant reverberations throughout the legal system. In a closely-watched ruling, the Court found that liability releases for members of the billionaire Sackler family, who owned Purdue, were illegal because they were granted without the consent of some plaintiffs who had filed lawsuits…

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Eric Sandberg-Zakian of Covington & Burling Named One of 2024’s “40 Under 40” for Excellence in White-Collar Crime Defense

In 2024’s edition of “They’ve Got Next: The 40 Under 40”, Eric Sandberg-Zakian of Covington & Burling has received notable recognition for his work in the fields of white-collar crime, investigations, and crisis leadership. At the age of 39, Sandberg-Zakian has already established a prominent presence at Covington & Burling, operating out of the firm’s…

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Molly Bowen Named to Bloomberg Law’s 2024 40 Under 40 List for Landmark Securities Litigation Achievement

Molly Bowen, a partner at Cohen Milstein Sellers & Toll, has been honored as one of the 2024 They’ve Got Next: The 40 Under 40 by Bloomberg Law. Bowen, who specializes in securities and shareholder actions, has recently achieved significant milestones in her legal career, underscoring her prominence in this competitive field. One of Bowen’s…

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New York Courts Consider Mandating Disclosure of Litigation Financing in Personal Injury Cases

The New York State court system is currently deliberating a proposal that aims to mandate the disclosure of litigation financing agreements specifically in the context of personal injury and wrongful death settlements. This move is being observed keenly by a wide array of stakeholders, including Uber Technologies Inc., the US Chamber of Commerce Institute for…

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Michael Willemin Named to Bloomberg Law’s 2024 “40 Under 40” for Labor and Employment Excellence

Michael Willemin, a partner at Wigdor LLP, has been recognized in the 2024 “They’ve Got Next: The 40 Under 40,” courtesy of Bloomberg Law. This accolade celebrates his notable contributions to the labor and employment sector. Willem’s recent successes include his role in representing Cassie Ventura in her high-profile lawsuit against Sean “Diddy” Combs and…

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Bracewell Expands Energy Practice with New Paris Office and Acquisition of Veteran Legal Team

Bracewell has expanded its energy practice by launching a new office in Paris. This strategic move was achieved through the acquisition of an 11-lawyer team from Norton Rose Fulbright. The team brings substantial experience in renewable energy projects and significant engagements in Africa. The Paris office will focus on projects related to project development, M&A,…

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Federico Cuadra Del Carmen of Baker McKenzie Named to 2024 “They’ve Got Next: The 40 Under 40” for M&A Expertise

Federico Cuadra Del Carmen, a partner at Baker McKenzie, has been recognized in the 2024 “They’ve Got Next: The 40 Under 40” list for his outstanding contributions in the field of mergers and acquisitions. Based in Miami, Florida, Cuadra Del Carmen was instrumentally involved in advising Johnson & Johnson on its transformative 2023 separation of…

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“The Next Generation of Legal Leaders: Tracking Career Progressions from Bloomberg Law’s ’40 Under 40′”

Launched in 2021, Bloomberg Law’s “They’ve Got Next: The 40 Under 40” spotlighted rising stars in the legal profession. A few years later, many of these honorees have made notable career moves, shifting to roles in government, in-house positions, or even judicial nominations, underscoring their dynamic influence and adaptability. Luke McCloud, for instance, transitioned from…

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Cravath Partner GJ Ligelis Jr. Recognized Among Top Young Attorneys in 2024 “40 Under 40” List for Landmark M&A Work

GJ Ligelis Jr., a partner at Cravath, Swaine & Moore, has been recognized as a leading young attorney in the 2024 “They’ve Got Next: The 40 Under 40” list. Ligelis, aged 40, has garnered acclaim for his impressive work in the Mergers & Acquisitions (M&A) sector. Notably, he represented AerCap in its $30 billion acquisition…

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Iliana Ongun Recognized in 2024 “40 Under 40” for Excellence in Mergers and Acquisitions

Iliana Ongun, a partner at Milbank, has been recognized in the 2024 “They’ve Got Next: The 40 Under 40.” A seasoned expert in mergers and acquisitions, Ongun has made significant strides in her field and continues to demonstrate her prowess with high-profile transactions. Among her recent accomplishments, she advised the special committee of the board…

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Treasury Faces Legal Hurdles in Implementing New Partnership Tax Regulations Following Supreme Court Ruling

Tax practitioners are closely watching how the Treasury Department will navigate the complexities of new partnership tax regulations in light of the Supreme Court’s Loper Bright Enterprises v. Raimondo decision. This ruling collectively dispensed with the precedent set by Chevron v. NRDC, making it tougher for the Treasury and IRS to promulgate regulations without judicial…

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Government Scrutiny of Foreign-Backed Land Deals Intensifies, Targeting Cryptocurrency Mining and Data Centers Near U.S. Military Sites

Industry trends indicate that 2024 could be another significant year for physical infrastructure development in the emerging technologies space. However, this growth is poised to encounter increased government scrutiny, primarily focused on land acquisitions preceding the construction of cryptocurrency mining facilities and data centers. Foreign-backed acquisitions across large areas of the U.S. may trigger national…

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Private Credit Faces Unprecedented Challenges: Direct Lenders Must Prepare for Restructuring Amid Economic Turbulence

As we navigate a period marked by macro-economic uncertainty—defined by geopolitical risks, global inflationary pressures, and uneven growth—direct lenders must brace themselves for the possibility of restructuring stressed and distressed investments in their portfolios. The private credit market currently faces some of its most daunting conditions yet, with significant implications for how lenders operate. Historically,…

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Regulators Eye Stricter Anti-Money Laundering Rules for Financial Institutions

Banks and financial institutions may soon face more stringent anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, as regulators seek to bolster protections against illegal financial activities. According to Perkins Coie’s Jim Vivenzio, the prospective changes include mandates for more “effective” compliance programs, reshaping how institutions address risk management and reporting protocols. The heightened regulatory…

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FTC Chair Lina Khan Flags AI Price-Setting Tools as Potential Collusion Risk

During a discussion at the Ninth Circuit Judicial Conference, Federal Trade Commission Chair Lina Khan voiced concerns about contemporary issues facing the agency, including the significant expenses incurred for expert witnesses. Of particular note, she described AI price-setting tools as a potential loophole for corporate collusion, highlighting the emerging complexities brought on by advanced technologies….

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FTC Chair Warns of AI Price-Setting Tools as Potential Collusion Loophole

Federal Trade Commission Chair Lina Khan expressed concerns regarding the potential misuse of AI price-setting tools during a discussion at the Ninth Circuit Judicial Conference. Khan highlighted these tools as a potential loophole for corporate collusion, alongside addressing the agency’s significant legal expenses for expert witnesses. These remarks come amidst increasing scrutiny of AI in…

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