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New York Partners Unscathed By MoneyLaw?

Ed. note: This is the latest installment in a series of posts from Lateral Link’s team of expert contributors. Ryan Belville is a Principal at Lateral Link in New York, focusing exclusively on associate and partner placements with Am Law 200 clients and placements for in-house attorneys. When Cravath announced the most recent round of raises […]

By Lateral Link
Morning Docket

Morning Docket: 09.30.16

* According to a labor relations suit filed in 2012, Donald Trump allegedly wanted to fire female employees of Trump National Golf Club in California, who he didn't think were pretty enough. The suit was settled without any admission of wrongdoing. [Los Angeles Times] * Biglaw mega-merger alert: Word on the street is that London-based firms CMS and Olswang will join with international firm Nabarro for a three-way merger that would create a combined entity with more than 3,000 lawyers. If the merger were to go through, the firm would have more than $1.5 billion in revenue. [LegalWeek] * According to the results of this survey, corporate counsel don't think too highly of millennials when it comes to loyalty. Almost 70 percent of baby boomers and Gen Xers thought millennial lawyers in their legal departments would leave in less than five years, potentially causing "major problem[s]" in terms of turnover rates. [WSJ Law Blog] * How many women serve as lead counsel in New York state and federal courts and in mediation and arbitration? That's what a new study being conducted by the New York State Bar Association's Commercial and Federal Litigation Section hopes to find out, because "[o]nce you have a diagnosis, you can get to a solution." [New York Law Journal] * "Something is going wrong at this bank, and you are the head of it. You should be fired." Wells Fargo CEO John Stumpf may be forfeiting $41 million in pay, but lawmakers were still pretty darn upset with him when he testified before the House Financial Services Committee at a hearing yesterday. [DealBook / New York Times] * Phil C. Neal, former dean of University of Chicago Law School, RIP. [UChicago News]

By Staci Zaretsky
Morning Docket

Morning Docket: 09.21.16

* Florida AG Pam Bondi admits she took donation money from Donald Trump when she was toying with an investigation of Trump University, but says she has no regrets about keeping the cash. "If I had returned it, you would have reported 'Bondi accepted a bribe, got caught and returned it." [AP] * Could President Barack Obama sue Donald Trump over the "birther" conspiracy? If so, what would be his cause of action? He could potentially file suit for defamation, but as a public figure, he'd have an uphill battle proving actual malice and damages. [Big Law Business] * Ahmad Rahami, the man accused of Saturday's bombings in New York and New Jersey, has been federally charged with use of a weapon of mass destruction, bombing, destruction of property, and use of a destructive device. His bail has been set at $5.2 million. There's been no word yet as to whether he has hired an attorney. [CNN] * According to Judge Alison Nathan of the Southern District of New York, bitcoins are, in fact, money -- at least under this federal anti-money laundering statute. If you think "funds" are "pecuniary resources… generally accepted as a medium of exchange or a means of payment," you better believe bitcoins are a form of money. [WSJ Law Blog] * "We think that they are attempting to use civil discovery to get around the limits on criminal discovery in the criminal case." According to Gloria Allred, the civil sexual abuse case her client has filed against Bill Cosby in California is going to be put on the back burner for a time into his criminal charges can be more fully litigated. [Reuters]

By Staci Zaretsky
Morning Docket

Morning Docket: 08.03.16

* Singer Kesha has dropped her lawsuit in California against producer Dr. Luke, but will continue her appeal in New York. She says she dropped the suit because she's "focused on getting back to work," but Dr. Luke's lawyer says it's because she has "no chance of winning." Ouch, that's got to sting. [People] * Get off my lawn, you damn kids! A New Jersey personal injury attorney has filed a class-action lawsuit against Niantic, the company behind Pokemon Go, for the "unlawful and wrongful" invasion of his property. It seems that in the rush to catch 'em all, people have been gathering outside of his home, knocking on his door, and asking to enter his backyard. [WSJ Law Blog] * Following up on his tentative oral ruling, Juge Gonzalo P. Curiel has ruled that a Trump University fraud case filed against Republican presidential nominee Donald Trump may proceed to trial, but he refused to release Trump's videotaped deposition. We suppose that the transcript will have to be good enough. [New York Times] * "These are things that don't just affect one job; it keeps women's wages down over their entire lifetime." Thanks to a new law geared toward closing the gender wage gap, in Massachusetts, it is now illegal for employers to ask about applicants' salary history before offering them jobs. This goes into effect in 2018. [DealBook / New York Times] * "We are confidently looking to the future." Following a series of "regrettable departures" and a capital call that successfully raised about $18.4 million from the firm's existing partners, it looks like the "modernization" and restructuring of the King & Wood Mallesons partnership is finally going to be drawing to a close. [Big Law Business] * Jenner & Block has teamed up with the University of Chicago Law School to create a Supreme Court and Appellate Clinic, with the goal of "educat[ing] and train[ing] the next generation of extraordinary appellate advocates and continu[ing] the tradition of helping clients hanks their most important litigation problems." Congratulations! [ABA Journal]

By Staci Zaretsky