 //sli.reutersmedia.net/imp?s=126591700&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=pixel” width=”2″ height=”6″ border=”0″ /> |
//sli.reutersmedia.net/imp?s=126591701&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=pixel” width=”2″ height=”6″ border=”0″ /> |
//sli.reutersmedia.net/imp?s=126591702&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=pixel” width=”2″ height=”6″ border=”0″ /> |
//sli.reutersmedia.net/imp?s=126591703&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=pixel” width=”2″ height=”6″ border=”0″ /> |
//sli.reutersmedia.net/imp?s=126591704&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=pixel” width=”2″ height=”6″ border=”0″ /> |
|
|
|
| //sli.reutersmedia.net/imp?s=874768&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=static” border=”0″ style=”max-height:12px;” /> |
 |
|
|
|
|
|
Wilmer Cutler Pickering Hale and Dorr said it has added a non-equity partnership tier, becoming the latest large U.S. law firm to eschew the traditional model in which all partners share ownership, reports David Thomas.
The number of top law firms sticking with single-tier partnerships has been dwindling. Among the 200 highest-grossing law firms in the U.S., 86% have at least two tiers of partnerships, according to a 2023 report from law firm consultancy Adam Smith, Esq.
Bruce MacEwen, president of Adam Smith, said income partners can charge clients at higher rates than associates but they don’t receive a cut of the firm’s profits. And in tough times, the firm can more readily lay them off or reduce their salary, MacEwen said.
Read more about the trend.
|
|
|
| //sli.reutersmedia.net/imp?s=874763&li=&e=gjjtuyu768@gmail.com&p=36500513&lctg=64158878abe57c7b7c0f362f&stpe=static” border=”0″ style=”max-height:12px;” /> |
 |
|
|
|
|
|
- This week’s Legal Fee Tracker takes a look at a Houston-based patent lawyer who is on the hook for Volkswagen’s legal bills after a federal judge dismissed his client’s lawsuit against the automaker, marking the latest in a series of sanctions against him or his clients for litigation misconduct.
- The body of Clifford Chance partner Christopher Morvillo was among those retrieved from a yacht wreck in Sicily. The body of British tech entrepreneur Mike Lynch, who had invited friends to join him on the yacht to celebrate his recent acquittal in a U.S. fraud trial, was also found.
|
For investors Tyler and Cameron Winklevoss, winning damages from the founder of Treats! magazine should have been easy. They already had a default judgment in hand against the photographer who had accepted their $1.3 million investment in his “fine art nude magazine.” So, in the words of the Delaware Chancery Court judge overseeing the case, “What could go wrong?” Plenty, as Alison Frankel explains.
|
“Look, I can’t water ski. And it wasn’t me.“
|
—Former U.S. Bankruptcy Judge David Jones, who was summoned to appear before a Houston judge overseeing litigation initiated by the DOJ’s bankruptcy watchdog brought after revelations that Jones was in an undisclosed romantic relationship with a bankruptcy attorney at a firm that regularly appeared before him. Jones was asked to explain why he volunteered for an “off the record” July meeting with the firm, Jackson Walker, and he took the opportunity to deny that a photograph of a water skier dressed as a Christmas elf, which was used as evidence that the firm knew about his relationship with attorney Liz Freeman, was of him. Read more from our colleague Dietrich Knauth about what he said.
|
|
|
- U.S. District Judge Charles Breyer is holding a hearing in San Francisco on a group of New York local governments’ bid to move their lawsuits against consulting firm McKinsey & Co over its role in the opioid epidemic back to state court. McKinsey has settled several other lawsuits filed by state attorneys general and health insurers over claims it helped drugmakers like Purdue Pharma design deceptive marketing plans and boost sales of painkillers.
- Jury selection begins in protestor David Baca’s First Amendment lawsuit against the San Jose, California, police department. In 2020, Baca was attending a protest in the wake of George Floyd’s death when he said he was assaulted by police officers after he called them racist for targeting minority protestors.
|
Court calendars are subject to last-minute docket changes.
|
- U.S. Bankruptcy Judge Christopher Lopez ordered Steward Health Care not to immediately close a Pennsylvania hospital that is perilously underfunded, while allowing the company to proceed with two closures in Ohio. Lopez said the Dallas-based health system has the authority to close hospitals if necessary, but he directed the company to try to preserve a 163-bed hospital in Sharon, Pennsylvania.
- Michelle Bond, a former U.S. congressional candidate and the romantic partner of convicted FTX executive Ryan Salame, has been charged with violating campaign finance laws after she allegedly used $400,000 from FTX to finance her campaign, in violation of laws prohibiting corporate contributions. Salame has accused prosecutors of reneging on an assurance they would not investigate Bond if he pleaded guilty.
- A divided 1st Circuit rejected a bid by a former Delta flight attendant to hold the airline liable after she said a co-pilot drugged her and sexually assaulted her in a hotel during a layover in Dallas in 2018. The 2-1 decision prompted one judge to issue a sharply-worded dissent that said the majority was “flat wrong” and engaged in “victim-shaming” in its ruling against the woman.
- The Missouri Supreme Court ordered a judge to set aside a judgment he issued this week allowing Marcellus Williams, who was scheduled to be executed next month after a murder conviction, to instead serve life in prison in an agreement with county prosecutors. The Supreme Court said Judge Bruce Hilton is required to first hold an evidentiary hearing.
|
|
|
|
