On Wednesday, King & Spalding announced the addition of Lauren Roth as a partner in its Washington office. Roth, the former head of the U.S. Food & Drug Administration’s (FDA) policy office, joins the firm at a crucial time as pharmaceutical and medical device companies brace for significant health care policy shifts under Republican President-elect…
KPMG is poised to become the first Big Four accounting firm to establish a law firm in the United States, leveraging relaxed law firm ownership regulations in Arizona. This move marks a significant step in the accounting industry’s expansion into U.S. legal services. Arizona’s Regulatory Changes Pave the Way In 2020, Arizona became the first…
In 2024, major U.S. law firms rapidly reduced their presence in Greater China, signaling an uncertain future for foreign legal practices in the world’s second-largest economy. At least 11 prominent firms, including Skadden, Arps, Slate, Meagher & Flom and Paul, Weiss, Rifkind, Wharton & Garrison, either closed or announced plans to shutter offices in Shanghai,…
Milbank, known for leading the industry in associate compensation, announced on Monday year-end bonuses ranging from $15,000 to $115,000. The firm revealed its plans in an internal memo, marking another bold move to set the tone for the legal industry. Milbank chair Scott Edelman highlighted the firm’s success, stating, “The firm is having a record…
Law firms experienced near-record profits in the third quarter of 2024, with profits rising 11.2% compared to the same period last year, according to a new Thomson Reuters Institute analysis of firm financial data. Higher lawyer productivity, robust billing rates, and modest expense increases point to a highly profitable year for firms, the report found.…
Law firm Bryan Cave Leighton Paisner (BCLP) announced on Wednesday that it hired Jenny Durkan, the former mayor of Seattle and a former U.S. attorney. Durkan will lead BCLP’s U.S. white-collar practice from the firm’s Seattle and Washington, D.C., offices. BCLP opened its Seattle office last year, marking the firm’s first new U.S. office since…
Law firm Akin Gump Strauss Hauer & Feld has announced an end to its eight-year legal battle with former attorney Kristy Wagner, who alleged discrimination following a severe injury from a 2011 zip-lining accident. On Tuesday, attorneys for both Wagner and Akin filed a joint stipulation of dismissal in federal court in Washington, D.C. The…
A judge ruled on Thursday that law firm Crowell & Moring cannot force its Washington, D.C., landlord to refund $30 million in rent paid while most of its lawyers worked from home during the pandemic. Judge Donald Tunnage of the District of Columbia Superior Court sided with Crowell’s landlord, The TREA 1001 Pennsylvania Avenue Trust,…
A Houston bankruptcy judge accused U.S. law firm Jackson Walker of breaching its ethical duties by failing to disclose earlier the relationship between David Jones, a former Houston bankruptcy judge, and one of its partners. U.S. Bankruptcy Judge Marvin Isgur referred the entire Jackson Walker firm for disciplinary proceedings in a letter sent Friday to…
King & Spalding has urged a U.S. judge to dismiss a “misguided” lawsuit filed by Sarah Spitalnick, a white, female lawyer, who accuses the firm of bias due to its diversity-focused job program for early-career attorneys. In a Thursday night filing in a Maryland federal court, the firm argued that the program is not discriminatory,…