Paul Weiss Houston Launch Stalled as Top Rival Partners Stay Put
Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.
Zimmerman Reed Loses Mass-Arbitration Effort Against L’Occitane
Zimmerman Reed LLP won a battle but lost the war in its effort to force L’Occitane Inc. to arbitrate 3,144 individual privacy claims brought by the law firm’s clients over the cosmetics firm’s alleged sharing of their information with
Litigation Finance Industry Group Director Leaves for FTC Role
The executive director of the International Legal Finance Association is leaving the trade group for a role as chief of staff to the new Republican commissioner at the Federal Trade Commission.
Fraudster’s Appeal Over Pro Se Representation, Competency Fails
A Louisiana man lost an appeal seeking to undo his fraud convictions after Fifth Circuit said there was no problem with the district court’s decision to allow him to represent himself at trial.
Ex-Moody’s Counsel Admits to Not Filing Taxes on $54 Million
The former general counsel for
PRACTITIONER INSIGHTS
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Wake Up Call: Clark Hill Is Accused of Wiring Money to Scammers
Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.
Biden’s DOL Bets on Two-Step Overtime Plan to Survive Lawsuits
The US Labor Department’s use of Trump-era wage calculations for the first phase of its expansion of federal overtime pay protections creates a potential legal shield for at least part of a policy change destined for court attacks.
Workday AI Bias Case Tests EEOC Definition of Employment Agency
The EEOC’s decision to file a brief in support of a plaintiff who alleged Workday Inc.’s artificial intelligence-based hiring tools discriminated against him and other job seekers has sparked widespread skepticism about the agency’s position that software vendors, rather than just employers, can be liable in these bias cases.
US Environmental Enforcement Shift Raises Questions from Lawyers
Corporate attorneys and former federal officials are praising the EPA’s bid to coordinate its civil and criminal enforcement teams as a sensible idea that will yield fairer outcomes, reduce unpredictability, and expedite resolutions.
401(k) Adviser Rule at Risk: Looming Legal Threats Explained
The Labor Department’s new standard extending fiduciary duties to more retirement advice professionals appears set to encounter tough opponents from Wall Street and Capitol Hill now that it has been finalized.
DOJ’s Fiercest Opponent Is Last of Its Kind as Industry Shifts
Williams & Connolly has become a Washington institution by bucking industry norms and waging war with the Justice Department.
Battles Over Noncompete Clauses Poised to Heat Up in Statehouses
The US Federal Trade Commission’s nationwide ban on noncompete clauses is set to spur more state action to limit the restrictive covenants, adding momentum to an already expanding landscape of these laws.
Billionaire Geiger Said to Near $7 Billion L’Occitane Buyout
<-bsp-bb-link state="{"bbHref":"bbg://securities/973%20HK%20Equity","_id":"0000018f-287f-d583-afbf-eaff0cf70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">L’Occitane International SA-bsp-bb-link>’s billionaire owner <-bsp-person state="{"_id":"0000018f-287f-d583-afbf-eaff0cf70001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Reinold Geiger-bsp-person> is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about $7 billion including debt.
Redstones, Ellison Seek to Appease Angry Paramount Investors
The Redstone family and independent film producer <-bsp-person state="{"_id":"0000018f-2789-d583-afbf-e7ddeafa0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">David Ellison-bsp-person> have both offered concessions to make a possible change in control at <-rte-company state="{"_id":"0000018f-2789-d583-afbf-e7ddeafb0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Paramount Global-rte-company> more appealing to the company’s other investors, according to a person familiar with the talks.
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.
Columns + Commentary
- Roy Strom Big Law Business
Kirkland Leaves Rivals in Dust in Big Law’s Great Growth Race
- David Lat Exclusive Jurisdiction
Time to Move Past the Term ‘Nonlawyer’ as Legal Industry Evolves
- Rob Chesnut Good Counsel
Spying Cars Latest Case of Companies Squandering Customer Trust
- Brittany Johnson Stated Differently
I’m Glad I Didn’t Listen to the Warnings Before I Moved In-House
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DOJ’s Fiercest Opponent Is Last of Its Kind as Industry Shifts
Williams & Connolly has become a Washington institution by bucking industry norms and waging war with the Justice Department.
Circle’s USDC Takes Lead in Stablecoin Transactions, Visa Says
<-bsp-bb-link state="{"bbHref":"bbg://securities/0890888D%20ID%20Equity","_id":"0000018f-2962-d583-afbf-ebfe607b0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Circle Internet Financial-bsp-bb-link>’s stablecoin has this year overtaken Tether’s as the market leader in transaction volume, according to data compiled by
Crypto Tax Reporting Draft Form Signals Compliance Challenges
Indiana University’s Vivian Fang assesses the potential impact of the crypto tax reporting draft form 1099-DA on taxpayers, the IRS, and the digital assets industry.
Bitcoin ETF Fad Heads to Australia After $53 Billion Haul in US
Australia is set for a wave of Bitcoin exchange-traded fund launches, following in the footsteps of the US and Hong Kong, as issuers like <-bsp-bb-link state="{"bbHref":"bbg://securities/0357289D%20US%20Equity","_id":"0000018f-28e3-d583-afbf-eaffb7730000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Van Eck Associates Corp.-bsp-bb-link> and <-bsp-bb-link state="{"bbHref":"bbg://securities/3664295Z%20AU%20Equity","_id":"0000018f-28e3-d583-afbf-eaffb7730001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">BetaShares Holdings Pty-bsp-bb-link>line up for listings.
Key House Republican Would Back Stablecoin-Marijuana Combo Bill
Representative
Bored Ape Creator Yuga Labs Dismisses Employees in Restructuring
<-bsp-bb-link state="{"bbHref":"bbg://securities/1988609D%20US%20Equity","_id":"0000018f-1c02-d583-afbf-dede0b050000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Yuga Labs Inc.,-bsp-bb-link> the developer of the popular Bored Ape Yacht Club nonfungible token collection, is letting go of an unspecified number of employees as it undergoes restructuring.
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