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Business & Practice

A&O Shearman Launch Tests Firm’s Ability to Crack Big Law Elite

A&O Shearman is Big Law’s newest player, but the transatlantic firm still faces challenges to truly join the legal industry’s elite.

A&O Shearman Merger Shock Waves Ripple Through UK’s Magic Circle

The Magic Circle, once shorthand for a select group of elite UK-founded law firms, has lost some of its sparkle in recent years as its five firms have been battered by competition from larger, more profitable US firms.

Jones Day Leads in Supreme Court Arguments With New Faces

Five Jones Day attorneys took to the US Supreme Court lectern this term, making the DC-based giant the firm with the most arguments.

Reed Smith Defeats Former Paralegal’s Discrimination Claims

Reed Smith LLP shook off a Black paralegal’s employment bias lawsuit alleging she was treated differently from her younger, white colleagues in training and advancement opportunities, and was laid off due to her age and race.

How Four Judges Kept Romance Allegations Quiet for Two Years

An anonymous letter claiming a Texas bankruptcy judge was in a relationship with a bankruptcy lawyer was kept out of the public eye for more than two-and-a-half years. At least four judges kept the document sealed or suppressed efforts to examine the allegations, Bloomberg Law found.

Latest Stories

Trader Joe’s Owes Union Legal Fees for Failed Trademark Suit

Trader Joe’s Co. will have to pay $112,000 to cover attorneys’ fees a union comprising some of its employees spent defending a trademark infringement lawsuit, a California federal judge ordered, noting a need to discourage “meritless claims.”

Jefferies Wins Case Against Banker Who Left $10 Million Job

<-rte-company state="{"_id":"0000018f-3548-d4b6-a98f-f57d137e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Jefferies Financial Group Inc. got a win in federal court on Tuesday in its push to collect $4 million from a high-profile investment banker who reneged on his promise to join the firm several years ago.

Big Law's Big Paychecks: Partner Compensation, Explained

Law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Whether it's equity or non-equity or merit versus lockstep, this video explains what goes into determining the size of those paychecks at elite law firms.

From Across Bloomberg Law

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Bitcoin Miner Riot Eyes Selling Power in Texas as Summer Nears

Bitcoin miner Riot Platforms Inc. is “in a really good position” to benefit from the increasingly volatile energy market in Texas as the state faces another <-bsp-bb-link state="{"bbDocId":"SC5MURDWRGG0","_id":"0000018f-3584-d4b6-a98f-f5b5e6640000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">potential surge in power demand this summer, its chief executive officer said.

Bitcoin ETFs Flash Sign of Stress as Discounts Reach Records (1)

Signs of stress are flashing across spot-Bitcoin exchange-traded funds after the cryptocurrency sank to a <-bsp-bb-link state="{"bbDocId":"SCSWRMT0G1KW","_id":"0000018f-3555-d4b6-a98f-f575cd880000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">two-month low.

Tether Says First-Quarter Profit Rose to Record $4.5 Billion (1)

<-bsp-bb-link state="{"bbHref":"bbg://securities/2213302D%20VI%20Equity","_id":"0000018f-34a7-d4b6-a98f-f5b720570000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted record net profit of $4.52 billion in the first quarter, largely driven by interest earned from its holdings of US Treasuries and appreciation in Bitcoin and gold.

Bitcoin Hits Two-Month Low After Worst Stretch Since FTX Crash

The prospect of higher-for-longer interest rates is weighing on crypto, underlined by deepening <-rte-company state="{"_id":"0000018f-339e-d4b6-a98f-f7bf5aef0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Bitcoinlosses after the token’s worst monthly drop since the collapse of Sam Bankman-Fried’s FTX empire in November 2022.

War in Ukraine and Life-or-Death Choices for Big Law

Big Law's Addiction to 'Prestige' Numbed by Pandemic (Podcast)

Want to Diversify Big Law's Pipeline? Start With Law Schools

Can Big Law Get It Right for Black Lawyers?