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Wake Up Call: Latham Sets Revenue Record at $2.8B

Wake Up Call: Latham Sets Revenue Record at $2.8B

• Latham & Watkins earned the most revenue ever by a law firm in a single year in 2016 and looks likely to remain the world’s largest law firm by revenue. Revenue at the L.A.-founded firm rose 6.5 percent, to a record $2.823 billion, its seventh-straight yearly gain. Profits per partner rose 5.3 percent, to $3.06 million. (Am

A pedestrian walks past a Verizon Communications Inc. store in downtown Chicago, Illinois, Photographer: Christopher Dilts/Bloomberg

Are Cyber Lawyers Poised to Play Bigger Role in M&A?

While speaking at a conference in Texas last month, Vinson & Elkins partner Devika Kornbacher asked two in-house lawyers who specialize in privacy law whether they sit at the table when their companies participate in M&A deals. They said no. Kornbacher thinks privacy lawyers are poised to take on a bigger role in M&A deals,

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Wake Up Call: Uber Hires Holder to Review Sexual Harassment Claims

• Uber Technologies Inc. hired former U.S. Attorney General Eric Holder to head an independent review into a former software engineer’s sexual harassment claims. Holder’s firm Covington & Burling LLP earlier led a probe of Airbnb Inc.’s handling of discrimination on its home-sharing platform. (Bloomberg) • Fueled by star lateral hires, Paul, Weiss, Rifkind, Wharton & Garrison had a

A businessman walks past the headquarters of the Australian Stock Exchangein Bridge St, Sydney, Australia, Friday October 25, 2002 Photographer; Gillianne Tedder/Bloomberg News

Wake Up Call: White & Case Delays Australia Opening Over Lawsuit

• White & Case has delayed its opening of an Australian practice as a result of a lawsuit filed by London-based Herbert Smith Freehills against eight partners poached by the U.S. firm. (The Lawyer) In court papers, Herbert Smith Freehills alleges that the departures were “coordinated.” (Lawyers Weekly) • Microsoft Corp. is planning to overhaul its internal system for

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Wake Up Call: Davis Polk Partners Earn $3.75M on Average

•  After a somewhat flat 2015, Davis Polk & Wardwell has rebounded, according to its managing partner, Thomas Reid. Pushing through headwinds in capital markets and jittery European and Asian markets, the firm posted about 10.3 percent growth in revenue, to $1.18 billion in, 2016, with profits per partner surging about 12.5 percent to $3.75 million. (Am Law Daily)

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Wake Up Call: HP to Dock Fees on Firms Lagging on Diversity

• HP Inc.’s chief legal officer and general counsel, Kim Rivera, warned law firm partners in a recent letter that U.S. firms could see 10 percent of their fees withheld if they fall short of the company’s diversity requirements. In an interview, Rivera said law firms have “embraced” the policy. (Corporate Counsel) • The recently reported layoffs at K&L

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Wake Up Call: Former Akin Gump Partner Lawyers Up

• The former Akin Gump Strauss Hauer & Feld partner charged with trying to sell a sealed whistleblower complaint to the company under investigation has hired a prominent California white-collar attorney for his defense. (The Recorder) • Revenue surged 20 percent for Crowell & Moring in 2016, and profits per equity partner jumped 40 percent, as the firm came up with several ways to

Delaware Chancery Court in Georgetown, Delaware. Photographer: Pat Crowe II/ Bloomberg News.

TransPerfect’s Auction Order Endorsed by Delaware High Court 

By Jef Feeley, Bloomberg News TransPerfect Global Inc. can be auctioned off to settle a dispute between its co-owners, the Delaware Supreme Court ruled Monday in rejecting a challenge to a judge’s decision forcing the sale of the translation-software company. The state’s highest court found Chancery Judge Andre Bouchard “properly exercised” his authority to order

Demonstrators hold Mexican flags during a protest to demand the Mexican government defend the country in the face of U.S. President Donald Trump's threats to economic policy in Mexico City, Mexico, on Sunday, Feb. 12, 2017. Photographer: Cesar Rodriguez/Bloomberg

Wake Up Call: Mexico Wants Army of Lawyers to Fight Trump Deportations

• A group of Mexican officials, legislators, and other political figures wants to create an “army” of lawyers to help Mexicans fight deportation under Trump by clogging up the system. (Christian Science Monitor) • Kramer Levin Naftalis & Frankel signed a 15-year agreement renewing its lease on premises in midtown Manhattan, but for about 50,000

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Wake Up Call: Law Firm Sues Departing Partners

• London-based Herbert Smith Freehills is suing eight Australian partners who left the firm en masse for White & Case last year. A possible point of contention in the Australian court case is said to concern non-solicitation and non-compete clauses in the partners’ contracts. (Financial Review) • A San Francisco federal appeals court unanimously refused to reinstate President Donald

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