Life Sciences Law Firm Index: Thought Leadership Category Update
This update recognizes the top firms in the Thought Leadership category of the Life Sciences Law Firm Index.
This update recognizes the top firms in the Thought Leadership category of the Life Sciences Law Firm Index.
A leading litigation shop in New York joins forces with one of Washington's most storied firms.
Law firms and legal departments are writing the future of the profession in separate rooms. What happens when they actually work together?
* Following a concession call from Hillary Clinton last night, and in a "stunning repudiation of the establishment," Donald Trump was elected as the 45th president of the United States. Congratulations to President-elect Trump. How do you like them apples? This historic election wasn't "rigged" after all! [New York Times] * Marijuana also won big in the polls last night. Voters in California, Massachusetts, Nevada, and Maine approved recreational marijuana initiatives, with Arkansas, North Dakota, and Florida approving medical marijuana initiatives, but "[t]here are various ways in which a hostile White House could trip things up." We'll have more information on this news later today. [Washington Post] * As we saw in the ATL electoral law school poll, many practicing lawyers voted for Hillary Clinton, but alas, it was all for naught. For example, Lisa Blatt, head of Arnold & Porter’s appellate and Supreme Court practice, had this to say when asked who she voted for in the election: "Duh! Clinton; early voting; and seriously?" [Big Law Business] * Despite UCLA Law Professor Richard Sander's pleas to use the data to support his opposition to affirmative action, the California State Bar need not disclose the race or ethnicity of those who took the bar exam since 1972 because it would amount to an invasion of privacy for those promised confidentiality. [San Francisco Chronicle] * Per an ALM survey, revenue per partner slipped in 2015 to an average of $468,511, down from an average of $491,729 in 2014. This 4.7 percent decline is the largest ALM has seen since it first started tracking the metric. Why is this happening? "Demand is soft. Quite a few firms still have more lawyers than work for them." [Am Law Daily] * This must be an interesting situation for the clothing company's GC-cum-CEO: After deciding to ignore its own reorganization plan and announcing that it would be winding down its U.K. operations, American Apparel is desperately attempting to stave off another bankruptcy filing and has now resumed talks with potential buyers. [Reuters]
* From prosecutor to prisoner: former Pennsylvania attorney general Kathleen Kane gets sentenced to 10 to 23 months. [CNN] * Oh, the irony: the ABA won’t publish a report calling Donald Trump a “libel bully” because of “the risk of the ABA being sued by Mr. Trump.” [New York Times] * How the AT&T/Time Warner […]
* "Every woman lied when they came forward to hurt my campaign." Republican presidential nominee Donald Trump plans to sue all of the "liars" who have accused him of sexual assault within the last two weeks when the election is over. As an attorney representing one of Trump's accusers noted, a lawsuit would provide a "field day" to depose him under oath. [CNN] * The American Bar Association's Council of the Section of Legal Education and Admissions to the Bar has approved a tougher bar-passage rate standard that would require 75 percent of of a law school’s graduates who sit for the bar exam to pass it within two years. It's up to the ABA House of Delegates to decide if the stricter standard will ever be implemented. We'll have more on this later today. [ABA Journal] * "I don’t know why he would wait around for 200 days and then pull out at the very moment that it seemed likely that he was going to get confirmed." Will Judge Merrick Garland be confirmed to SCOTUS? With senators calling for lame-duck hearings if Hillary Clinton is elected and a bare-bones oral arguments calendar scheduled, it seems like even the justices are holding out hope for a full house in 2017. [Washington Post] * In a deal likely to invoke government scrutiny, AT&T has agreed to purchase Time Warner for $84.5 billion. Teams from Sullivan & Cromwell (transaction work) and Arnold & Porter (regulatory work) will be representing AT&T, while Cravath will be representing Time Warner. Faiza Saeed, Cravath's deputy presiding partner, will lead the team working on the deal from her firm. [DealBook / New York Times; Am Law Daily] * According to testimony from Bridget Kelly, New Jersey Governor Chris Christie's former deputy chief of staff, Christie allegedly knew about the Bridgegate lane closures a month before they occurred, not afterwards, as he's repeatedly claimed. Kelly, who says she thought the lane closures were for a traffic study, not a politically motivated scheme, is currently being tried in federal court over her role in the 2013 scandal. [Reuters]
Some recent notable moves from government to private practice.
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Did your firm make the cut for this year's prestigious list?
Good things come even to those who impatiently wait.
Both of these firms' financials suffered in 2015.
Now comes everyone's favorite part of the salary wars: the airing of grievances.
LexisNexis sat down with John Ursin, Managing Partner at Schenck Price, to learn how the firm is using legal AI to strengthen client service and daily legal work.
* Because he'd like to stop "freeriding on the services of Bryan Cave," Stephen DiCarmine, Dewey & LeBoeuf's former executive director, told a judge that he'd like to dump Austin Campriello as his lawyer and represent himself in the retrial of his criminal case. DiCarmine, a current textile design student, was warned that this likely wasn't a very wise choice on his part. [WSJ Law Blog] * Kaye Scholer's managing partner "wouldn't comment on any speculation or rumor," but word on the street is that his firm and Arnold & Porter may potentially be discussing a possible merger. Information related to this merger is really just a game of Biglaw telephone at this point. Let us know if you have any credible details. [Big Law Business] * This seems like the plotline of a reality TV series: A trial date has been set for one of the three Trump University lawsuits, and if all goes according to plan for likely Republican nominee Donald Trump, it looks like we may have a president-elect taking the witness stand to testify about allegations related to fraud before his inauguration. [CBS News] * Just in time for law school commencement ceremonies, the Bureau of Labor Statistics has some depressing news about employment statistics. In April, the legal services sector lost 1,500 jobs. Thus far, the only month in 2016 when jobs were added in the legal services sector was March. Well... this really isn't very encouraging. [Am Law Daily] * "It's been one step forward, two steps back since [2009]." The job market for law school grads is still challenging, but due to the fact that class sizes are smaller now, job prospects may seem a bit brighter for some. Are things really looking up? This John Marshall Law grad -- with a job! -- thinks things are going to be fine. [Chicago Tribune]
As Biglaw begins to run itself more like a “business,” vestiges of the traditional law partnership have started to fall away.
Sometimes Biglaw lawyers can be jerks.
Meet Anthony Franze, a Supreme Court litigator and author of legal thrillers set at SCOTUS; his latest novel, The Advocate's Daughter, came out just last month.
Which firms had pay that was high enough, perks that were good enough, and environments that were nurturing enough to make the cut?