Sullivan & Cromwell

Morning Docket

Morning Docket: 03.27.23

* "This is our third major financial crisis," said Sullivan's Mitchell Eitel describing his experience weathering the legal fallout of economic troubles. Remember the 50 years where we didn't have major bank collapses? Maybe we were all onto something. [Bloomberg Law News] * Supreme Court to hear more argument about law banning speech about illegal immigration and practically deployed to surveil journalists. [Courthouse News Service] * "Utah governor: Social media law limiting minors' access not 'foolproof.'" I think he meant to say "constitutional." [Axios] * Purdue's online law school seeks permission to send graduates to the bar exam. Because rather than regulate legal education to graduate lawyers who can practice immediately or require a comprehensive exam for any interested potential practitioner, we have BOTH. [Journal Gazette] * Someone leaked Twitter's source code online in latest development from clown car central. [Reuters] * Shearman revenue down 10 percent and partner profits off 17.5 percent. No wonder they were so hot to merge. [American Lawyer] * New York will take another stab at selecting a Chief Judge. [Law360]

By Above the Law
Morning Docket

Morning Docket: 01.25.23

* Google doesn't think much of the government's antitrust action. It might want to try a quick Bing search on antitrust law. [Reuters] * Asking ChatGPT to write a poem about being a law student. [LegalCheek] * Insiders may find it a little sketchy, but Goodwin coupling layoffs with a big lateral hire may be the norm in a market where the "recession" is only hitting specific groups. [Law.com] * A deep dive into Sullivan & Cromwell's cryptoexchange adventure. [Financial Times] * Elon Musk testifies that publicly stating that he had "funding secured" when he had not, so much, "secured" any "funding" was "the right thing to do." Juries appreciate a complete lack of remorse! [Law360]

By Joe Patrice
Morning Docket

Morning Docket: 01.05.23

* The Biden administration's defense of its student loan relief programs arrived. It mostly revolves around the plaintiffs' lack of standing, which has the benefit of being completely correct and the drawback of a majority of justices who don't care. [Reuters] * After yesterday's southeastern merger news, now Maynard and Nexsen are merging to build a 550-attorney firm. [Daily Report Online] * Coinbase will have to pay $100M in real people money for anti-money laundering compliance failures. [Law360] * S&C takes overall deal value crown for 2022, shedding a bit of light on those Kirkland cutbacks we've been hearing about [American Lawyer] * Preparing for a cyber threat is one thing. Getting lawyers to actually comply with your policies is another. [Legaltech News] * Another story about facial recognition software, race, and mistaken identity. This time a man claims he was falsely arrested because of the software. [Gizmodo] * In other news, I was on the most recent episode of WGN's Legal Face-Off discussing a wide range of legal issues from bonuses to the Supreme Court. [WGN]

By Joe Patrice