In a notable observation from the Spanish legal sector, Pérez-Llorca has significantly increased its global revenue by 33% for 2024, thanks in part to its international expansion efforts. This brought the firm’s turnover to over €165 million, with a substantial share derived from its burgeoning overseas operations. Concurrently, another Spanish law firm, Gómez-Acebo & Pombo,…
A law firm is facing a class action lawsuit initiated by a group of consumers over a data breach incident that purportedly exposed sensitive personal information, despite the plaintiffs having no direct affiliation with the firm. This legal action raises significant issues concerning the collection and storage of data by law firms, which routinely hold…
On Wednesday night, a notable development occurred within the United States judicial landscape. The Chief Justice temporarily halted a directive mandating the Trump administration to disburse approximately $2 billion in foreign-aid reimbursements. This intervention requires a response from the parties concerned by noon on Friday. The case signifies yet another chapter in the ongoing legal…
Gibson Dunn & Crutcher has announced the recruitment of two senior finance partners from Sullivan & Cromwell in London. Chris Howard, who headed the European restructuring practice, and Presley Warner, a specialist in European credit and leveraged finance, will be joining Gibson Dunn. The transition of these partners is notable, as Sullivan & Cromwell seldom…
In a legal move that has captured the attention of those involved with foreign aid and executive power, Chief Justice John Roberts issued an administrative stay late Wednesday, temporarily halting a federal judge’s order that mandated the Trump administration’s payment of nearly $2 billion in foreign-aid reimbursements. This development provides a brief reprieve for the…
The Justice Department has taken steps to accelerate the redeployment of its lawyers to the civil division inundated with lawsuits challenging the Trump administration’s policies. Emails reviewed by Bloomberg Law indicate that attorneys from the tax and civil rights divisions have been encouraged to consider temporary assignments defending the president’s agenda. This urgency comes against…
In an unusual legal confrontation, Leng Beng Kwek, Chairman of City Development Limited (CDL), Singapore’s largest listed real estate developer, has initiated legal proceedings against his own son, Sherman Kwek, who serves as the company’s CEO. The dispute, filed in Singapore’s High Court, centers on allegations of an attempted “coup” by Sherman and six other…
The U.S. Supreme Court is currently reviewing a contentious case, Gutierrez v. Saenz, which questions the constitutionality of restrictive state laws on post-conviction DNA testing. This case could set a new legal precedent for the use of DNA evidence by death row inmates aiming to challenge their sentences. Ruben Gutierrez, convicted of the 1998 murder…
In the realm of corporate social responsibility, Dr. Bronner’s has long been recognized for its commitment to what has been dubbed “do-gooder capitalism.” The family-run business, renowned for its organic soap products, continues to uphold its founding principles, famously encapsulated by the “All-One” philosophy. This mantra, printed in minuscule letters on every soap bottle, has…
“`html In a strategic enhancement to its offerings, Wolters Kluwer has announced upgrades to its LegalCollaborator platform, introducing features powered by generative artificial intelligence (Gen AI) aimed at boosting efficiency and transparency for corporate legal departments. Specifically designed to enhance the request for proposal (RFP) process, these new features include AI-driven summarization and reverse auctioning…
Paul, Weiss, Rifkind, Wharton & Garrison has reported a substantial increase in its financial performance for the past year, marking what firm chair Brad Karp has described as a “transformative” period. The firm achieved a 31.6% surge in revenue, reaching an impressive $2.63 billion. Additionally, the firm saw its profit per equity partner rise by…
LexisNexis Legal & Professional and OpenAI have disclosed plans for a closer collaboration to integrate OpenAI’s large language models and application programming interfaces (APIs) across the LexisNexis product spectrum. This strategic alliance aims to augment the capabilities of critical products such as Lexis+ AI and the Protégé personalized AI assistant, leveraging recent advancements in generative…
Recent findings have revealed a disparity between the growth in law firms’ revenue and headcount, and the expansion of their marketing budgets. Over a period that has seen many firms experience significant financial and staffing increases, marketing resources have not been allocated proportionately. A survey published recently highlights this trend, pointing out that the marketing…
In a recent article by Bloomberg Law, it is reported that Sean “Diddy” Combs’s legal team has launched a staunch challenge against attorney Tony Buzbee in federal court. The crux of this legal maneuver revolves around questioning Buzbee’s legitimacy in representing certain claimants purportedly linked to Combs. Taking a strong stance, Combs’s lawyers have highlighted…
One year after her entrance into Selendy Gay, Kelley Cornish has assumed a pivotal leadership position within the New York-initiated litigation-focused boutique firm. Effective from February 3, Cornish has begun overseeing the firm’s strategic and financial operations, which marks a significant step in her career trajectory following a long tenure at Paul Weiss. Her role…
Human Rights Watch (HRW) is calling on the European Union (EU), its member states, and the European Border and Coast Guard Agency, known as Frontex, to take immediate measures to save lives at sea. In a recent essay published on February 25, 2025, HRW highlights the urgent need for action, emphasizing the critical situation in…
With the announcement that Paul Philip, the Chief Executive of the Solicitors Regulation Authority (SRA), will be stepping down later this year, the Law Society has issued a call for “significant organisational change.” This departure occurs at what the Law Society CEO Ian Jeffery describes as a “critical time” for the SRA, particularly in light…
Article The Equal Employment Opportunity Commission (EEOC) is experiencing a significant shift in its approach toward cases involving transgender workers. As part of its recent agenda, the EEOC has moved to dismiss multiple lawsuits it previously initiated on behalf of transgender employees. This change comes in light of policy adjustments under the administration of President…
Amnesty International recently expressed approval for the decision to cease the use of digital forensic tools in Serbia by some entities following allegations of misuse. This outcome comes after claims that the technology was being improperly deployed against journalists and activists. Amnesty has articulated that the Serbian police and intelligence services were allegedly deviating from…
Willkie Farr & Gallagher has exhibited a remarkable growth trajectory since late 2019, making significant moves in the legal markets of major cities like Chicago, New York, and across California. The firm, established in New York, has climbed nearly 20 places on the list of the largest U.S. law firms by revenue from 2019 to…
The recent directive from former President Donald Trump to evaluate government contracts with the law firm Covington & Burling underscores a potential vulnerability for Big Law firms engaged with US agencies. Trump’s February 25th memo commands federal agencies to reassess their contractual relationships with Covington, aligning financial decisions with what he describes as “citizen interests.”…
The collapse of FTX Trading Ltd. continues to unravel, leaving numerous account holders in a precarious situation as they scramble to validate their claims. This need for action arises as hundreds of thousands of holders find themselves at risk of being unable to reclaim any of the cryptocurrency locked within the platform. The urgency is…
Private equity investment in UK law firms surged to a remarkable £534 million in 2024, nearly equaling the total equity inflow of the preceding four years combined. From 2019 to 2024, these investments totaled £1.2 billion, signalling a burgeoning interest from private equity in the UK legal sector. This growing trend raises important questions about…
Baker McKenzie is representing British Airways in a legal battle involving claims totaling £514 million brought by former employees. The employees allege that the airline used the Covid-19 pandemic as a pretext for dismissing them. British Airways, however, contends that its actions were a financial necessity due to the severe impact of the pandemic on…
As the United States seeks to maintain its status as the world’s leading economy, the acceleration of innovation becomes increasingly crucial, particularly in the face of China’s real GDP growth. A potentially significant boost to this effort lies in making research and development (R&D) tax credits transferable. This proposed change could unlock the full potential…