 //sli.reutersmedia.net/imp?s=126850200&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=pixel” width=”2″ height=”6″ border=”0″/> |
//sli.reutersmedia.net/imp?s=126850201&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=pixel” width=”2″ height=”6″ border=”0″/> |
//sli.reutersmedia.net/imp?s=126850202&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=pixel” width=”2″ height=”6″ border=”0″/> |
//sli.reutersmedia.net/imp?s=126850203&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=pixel” width=”2″ height=”6″ border=”0″/> |
//sli.reutersmedia.net/imp?s=126850204&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=pixel” width=”2″ height=”6″ border=”0″/> |
|
|
|
| //sli.reutersmedia.net/imp?s=878659&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=static” border=”0″ style=”max-height:12px;” /> |
 |
|
|
|
Here’s a quick look at today’s top legal news. Plus, your weekly Career Tracker.
Additional reporting by Tanvi Shenoy, Nimitt Dixit and Maya Nandhini.
|
Lawyers and staff at big law firms are continuing to face layoffs as global deals take a dive and client demand falters. This week Silicon Valley-founded law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian cut 10% of attorneys, paralegals and staff in its U.S. offices. In an internal memo, managing partner David Young said the reduction comes “in response to current macroeconomic and market conditions.” Read more.
Many law firms raced to hire lawyers in 2021 and early 2022 to keep up with booming global dealmaking demand. But the market has shifted. Cooley, Goodwin Procter, Stroock & Stroock & Lavan and Shearman & Sterling have laid off lawyers and staff since late last year, citing a slowdown in work.
Latest on Trump:
More top news:
|
|
|
| //sli.reutersmedia.net/imp?s=878654&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=static” border=”0″ style=”max-height:12px;” /> |
 |
|
|
|
| //sli.reutersmedia.net/imp?s=878544&li=&e=gjjtuyu768@gmail.com&p=31076858&stpe=static” border=”0″ style=”max-height:12px;” /> |
 |
|
Singapore’s legal market is heating up with Squire Patton Boggs, Norton Rose Fulbright, Milbank and K&L Gates this week becoming the latest to add new practices, group leaders and senior partners there. Increasing client demand, M&A activity, and international connectivity make Singapore an attractive legal market, firm leaders said.
Last week, Linklaters hired an India-focused partner to its Singapore office, following India’s move to open its doors to foreign law firms last month. Herbert Smith Freehills launched a Singapore-based disputes team in March, and Morrison Foerster added two private equity partners in the country earlier this year.
More from the legal industry …
Law firms felt the pain as worldwide M&A activity shrank to its lowest level in more than a decade in Q1 of 2023. But new data shows that east as many large law firm mergers were completed in the first quarter of 2023 than in all of 2022. Also, Allen & Overy is shaking up its U.S. leadership. Michael Sussmann, the Clinton-era campaign lawyer who was acquitted of lying to the FBI, joined the cybersecurity and privacy practice at Fenwick & West. A GOP senator moved to block President Biden’s judicial pick from her home state of Mississippi. Two conservative federal appeals court judges, who last year said they would not hire law clerks from Yale Law School in protest of “cancel culture,” are extending their boycott to future students of Stanford Law School. And St. Louis-based Armstrong Teasdale broke into the Chicago legal market with its 13th new office in five years.
Moves:
- In Washington, D.C. …
Jenner hired crypto leader Laurel Loomis Rimon as the industry faces regulatory heat. Paul Hastings hired top white-collar lawyer Brad Bondi, who advised Tesla in a settlement with the SEC. Pillsbury added a partner in its corporate and securities-technology practice. And Blank Rome added a partner to its intellectual practice litigation practice group.
- In New York …
Loeb & Loeb added a partner in its real estate department.
- In Chicago …
Dentons hired Thomas Labuda, a partner from Sidley Austin whose past work includes representing the Boy Scouts of America in its bankruptcy proceedings.
- In Miami …
Longtime Miami-Dade circuit court judge Michael Hanzman, who oversaw the Florida condo collapse cases, joined Bilzin Sumberg Baena Price & Axelrod.
- In London …
Latham & Watkins hired an antitrust partner from Linklaters. Baker Botts brought on a banking partner in its corporate practice from Norton Rose Fulbright. Dechert added a partner to its global finance practice.
- In Los Angeles …
McDermott Will & Emery added a partner to its private client practice group. Proskauer continued its regulatory build-out with a new litigation partner.
- In Orange County…
A new partner joined Reed Smith’s global corporate group.
- In Denver…
Bryan Cave Leighton Paisner added a partner to its energy, environment and infrastructure practice group.
- In China…
Morrison & Foerster added a partner from Kirkland & Ellis, its third new private equity partner in Asia this year.
Got news? Email us: LegalCareerTracker@thomsonreuters.com” style=”text-decoration: underline; color: #0068A5;” rel=”noopener”>LegalCareerTracker@thomsonreuters.com
|
Enjoy moves news? Please take this one-question survey to let us know how you’d like to read Career Tracker.
|
Over a six-day period late last month, plaintiffs giant Morgan & Morgan – with a major assist from its legal technology — filed an eye-popping 25,000 cases against Florida insurers before a new, pro-carrier law took effect on March 24. The firm is playing hardball, Jenna Greene writes, with its chief operating officer in a memo instructing its lawyers that it “will be a serious internal offense if we find any courtesies being extended to the insurance industry.” Defense lawyers say there “are not enough hours in the day to answer all these complaints.”
Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu
|
|
|
Sponsors are not involved in the creation of newsletters or other Reuters news content.
Get Reuters News App
Want to stop receiving this newsletter? Unsubscribe here.
To manage which newsletters you’re subscribed to, click here.
|
|
|
|
