Corporate Counsel

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