Law Firm & Client Relationship articles

William R. McLucas of Wilmer Cutler Pickering Hall and Dorr testifies at a joint meeting between the Securities and Exchange Commission and the Commodity Futures Trading Commission on harmonizing financial regulation in Washington, D.C., U.S., on Thursday, September 3, 2009. Photographer: Brendan Hoffman/Bloomberg News

Two Insiders on SEC’s Possible Future Under Clayton

Two Insiders on SEC’s Possible Future Under Clayton

Sullivan & Cromwell’s Walter “Jay” Clayton is set on Thursday to testify in front of the Senate’s Banking Committee for a hearing on his nomination to chair the Securities and Exchange Commission. Clayton’s ties to Wall Street — his law firm has represented numerous banks during the bailout era, and his wife works at Goldman Sachs

Photo by Zach Gibson/ Bloomberg

Trump SEC Pick Set for Contentious Reunion With Elizabeth Warren

By Ben Bain, Bloomberg News Jay Clayton, the Wall Street lawyer tapped to lead the Securities and Exchange Commission, faces what could be an uncomfortable reunion this week with U.S. Senator Elizabeth Warren. Two decades ago, Warren was a little-known law professor at the University of Pennsylvania. Clayton was a Penn law student at the

Photographer: Daniel Acker/Bloomberg

Where Have All the Big Law Associates Gone? (Perspective)

Editor’s Note: This column is written by two legal recruiters. By Bob Graff and Michelle Fivel, Major, Lindsey & Africa Sourcing and recruiting qualified, experienced mid-level associates has become difficult. Today, there are significantly fewer candidates than there had been previously, and law firms, as well as in-house legal teams, are feeling the pinch. There

Preet Bharara. Photo by Michael Nagle (Bloomberg)

Bharara Joins NYU After Trump Fired Him as U.S. Attorney 

By David Voreacos, Bloomberg News Preet Bharara, the fired U.S. attorney in Manhattan who made his reputation as a corruption buster and Wall Street enforcer, is joining the New York University School of Law as a distinguished scholar, school officials said. Bharara, who took on New York state lawmakers, hedge fund managers and Bernie Madoff’s

Photographer: Andrew Harrer/Bloomberg

Gorsuch and Partisanship on the U.S. Supreme Court: QuickTake

Political leanings, lifetime appointments, and controversial nominations are just some of the issues plaguing the U.S. Supreme Court. QuickTake looks at why these and other problems have the American public losing faith in the highest court in the land, and what could be done to restore it.   By Laurie Asseo, Bloomberg News America’s founding

Senate Majority Leader Mitch McConnell, a Republican from Kentucky, from left, Neil Gorsuch, Supreme Court nominee for U.S. President Donald Trump, Vice President Mike Pence, and former Senator Kelly Ayotte stand during a meeting at the Capitol in Washington, D.C., U.S., on Wednesday, Feb. 1, 2017. Gorsuch met with the Senate's top Republican Wednesday at the start of what promises to be a contentious confirmation fight as the GOP looks to entrench a conservative majority on the court for a generation. Photographer: Alex Wong/Pool via Bloomberg

Gorsuch High Court Hearing Starts With Preview of Party Split

By Laura Litvan and Greg Stohr, Bloomberg News Senate Democrats cast U.S. Supreme Court nominee Neil Gorsuch as outside the mainstream while a top Republican praised his “unfailing commitment” to the law at the start of what promises to be a divisive hearing over a year-old vacancy. “The judge’s job, our nominee says, is to

Photographer: Andrew Harrer/Bloomberg

Trump Administration OK With CFPB but Wants Power to Oust Chief

By Andrew Harris, Bloomberg News President Donald Trump’s administration told a U.S. appeals court that it wants the power to fire Consumer Financial Protection Bureau Director Richard Cordray, but that doesn’t mean it wants the agency disbanded. The Justice Department staked out that position Friday in court documents filed at the U.S. Court of Appeals

Photo by Chris Kleponis/ Bloomberg News.

Adviser Challenges SEC In-House Judges for Second Time

By Antoinette Gartrell, Bloomberg BNA The SEC’s administrative law judges are unconstitutionally hired, an investment adviser told the D.C. Circuit March 10 for the second time. A U.S. Court of Appeals for the District of Columbia Circuit panel initially rejected the argument, but the full circuit agreed to reconsider Raymond J. Lucia’s challenge in February.

chelsea grayson

Chelsea Grayson: From Law Clerk to American Apparel CEO

Chelsea Grayson Chief Executive Officer of American Apparel   Chelsea Grayson, chief executive officer of American Apparel, originally joined the company in 2014 as general counsel and rose to the top roughly two years later. She previously spent her entire professional career focusing on mergers and acquisitions at Jones Day and Loeb & Loeb. In February, a

Jones Day

Inside Jones Day: Cleveland, 1893 to Donald Trump (Podcast)

  Jones Day’s connection to Donald Trump has landed at least 14 of their lawyers positions in the administration. But the law firm stood out long before the Trump relationship. Jones Day has the most total lawyers working in the United States, according to the most recent ranking. In 2015, they hired 10 U.S. Supreme