Legal industry daily newsletter on law firm ownership deregulation, Feb. 2020

From: The Am Law Daily from The American Lawyer theamericanlawyer@alm.com ¶

Subject: What the U.S. Can Learn From the U.K. Foray Into Nonlawyer Ownership Date: Tue, 25 Feb 2020 11:01:35 +0000¶

A MESSAGE FROM THE EDITOR¶

To: cj¶

The push to deregulate law firm ownership rules is gaining steam. What makes this time around different? And what would changes in the rules mean for law firms, ALSPs, the Big Four, clients and beyond? With access to justice at its core, these efforts have implications for much more, but many law firm leaders aren’t concerned or don’t know what they’d do with a cash infusion if they got one. Dan Packel and Dylan Jackson dive into all of these angles, with accompanying pieces from our global newsroom on what the U.S. can learn from jurisdictions that have deregulated and what specific policies are being explored in states across the country.¶

— Gina Passarella, Editor-in-Chief, The American Lawyer¶

What the U.S. Can Learn From the U.K. Foray Into Nonlawyer Ownership¶

The U.K.’s stilted but successful experience offers instructive lessons for a U.S. market on the cusp… Read More¶

Beating the Pack on Client Demand, Mayer Brown Boosts Revenue, Profits¶

The firm plans to emphasize U.S. growth in coming years, especially in California and New York. Read More¶

LAW FIRMS - LARGE NEWS¶

Deal Watch: In the Home Stretch for Sprint and T-Mobile¶

By Patrick Smith¶

Now that a key court ruling and reworked deal terms have the mega-deal back on track, here’s a look back… Read More¶

REGULATION NEWS¶

From California to D.C., These Are the Proposals for Reforming Law Firm Ownership¶

By Dan Packel¶

Change is in the air as five jurisdictions consider new regulations that could affect the entire industry. Read More

BAR ASSOCIATIONS ANALYSIS
The Fight Over the Future of Law Firm Ownership Has Put an Industry at Odds
By Dan Packel I Dylan Jackson
As regulators across the country take steps to reform the industry in the name of access to justice Read More

LAW FIRM MANAGEMENT NEWS¶

Duane Morris Posted Revenue,Profit Gains While Courting Merger¶

By Lizzy McLellan¶

The firm grew revenue 3.8% and profits per equity partner 5.1% amid talks for its recent combination… Read More¶

LAW FIRM COMPETITION NEWS¶

Baker Botts Posts Revenue Turnaround After 2-Year Slide¶

By Brenda Sapino Jeffreys¶

Every department at the firm exceeded revenue targets for 2019, managing partner John Martin said. But… Read More¶

LAW FIRM PROFITABILITY NEWS¶

Debevoise Cracks $1B in Revenue in Third Straight Year of Major Growth¶

By Jack Newsham¶

Debevoise managed to increase its profit margin and its leverage in 2019. Read More¶

SAVE THE DATE¶

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RESOURCES¶

How Machine Learning Technology Improves M&A Deal Points¶

Today: Join Our Analysts and Editors for a Behind-the-Scenes Look at 2020 Trends¶

This live discussion brings together the data with the human intelligence our teams get from the deep ties to our communities. Hear what we expect for 2020. Learn More¶

Legal Department Leak Leads to Insider Trading Charges Against AIG Employee I Corporate Counsel¶

In two separate, unrelated complaints the SEC is cracking down on misconduct in the legal department… Read More¶

Shearman’s Investment Funds Group Leader Moves To Willkie I New York Law Journal¶

New York Law Journal¶

Laura Friedrich, who led Shearman’s investment funds group, said clients had reacted positively to her… Read More¶

Ex-Partner of Plaintiffs Securities Firm Alleges Gender Discrimination in New Suit I New York Law Journal¶

Amy Miller, formerly of Levi & Korsinsky, claims she was given smaller bonuses than some of the associates… Read More¶

Associate Attorney - Manhattan¶

SMITH MAZURE. P.C. — New York, New York¶

Managing Attorney - Long Island¶

EUSTACE, MARQUEZ, EPSTEIN, PREZIOSO & YAPCHANYK — Long Island, New York¶

No - Fault Attorney- Entry Level¶

LAW OFFICES OF RUBIN & NAZARIAN — Long Island City, New York¶

Attorney Wanted¶

Confidential — Flushing, New York¶

Litigation Attorney- Manhattan¶

DONOVAN HATEM LLP — New York, New York¶

Corporate Associate Attorney¶

Carpenter Legal Search. Inc. — Columbus. Ohio¶

Litigation Associate¶

Manko Gold Katcher & Fox LLP — Bala Cynwyd, Pennsylvania¶

Regulatory Associate¶