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Marty Lipton. Courtesy photo.

When the Wachtell Memo Strikes

When the Wachtell Memo Strikes

Wachtell Lipton isn’t involved in the latest showdown between billionaire investor Nelson Peltz, and Procter & Gamble, where he is seeking a board seat. But that didn’t stop industry icon Marty Lipton from issuing a memo of lessons board rooms can take away from the saga. Just last Friday, Peltz received a key endorsement from

(Photo by David Ramos/Getty Images)

Mistaken For The Court Reporter: Litigating As A Woman

Ask a woman in litigation if she’s ever been mistaken for a court reporter, and there’s a good chance she’ll say yes.  Teri Drew, who specializes in the defense of commercial liability claims, said it happened to her just a few months ago. “I went to a plaintiffs’ firm for a deposition, and the receptionist

A Microsoft Corp. store in Bellevue, Washington. Photographer: David Ryder/Bloomberg

Microsoft Announces Plans to Nearly Phase Out Billable Hour

Microsoft has quietly unveiled new parameters for its outside counsel, and, in an effort to step away from the billable hour, announced it hopes to shift 90 percent of its legal work into alternative fee arrangements within two years. David Howard, a corporate vice president and deputy general counsel at the company, wrote online Friday that

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In-House Compensation Report: Top 30 Money-Earners

By the time A.J. Kess joined Travelers’ Insurance Company as the chief legal officer in December 2016, the year was basically over. Nonetheless, Travelers tallied his total compensation that year as $8.7 million. For most of 2016, Kess had been a partner at Simpson Thacher & Bartlett, which posted profits per partner of $3.47 million,


Whittier Law School Closing: The First of Many?

The Whittier College Board of Trustees announced Wednesday that it is closing its law school, making it one of, if not the first ABA accredited law school to shut its doors. But it likely won’t be the last, legal experts predict. “Once somebody does it, it becomes much more acceptable, psychologically and politically,” said Paul Campos, a professor

U.S. President Donald Trump waves to staff members while walking on the South Lawn of the White House towards Marine One in Washington, D.C., U.S., on Thursday, Jan. 27, 2017. Photographer: Andrew Harrer/Bloomberg

Morgan Lewis’ Work For Trump Angers Client

Morgan Lewis & Bockius found itself in the hot seat again this week over its representation of President Donald Trump after a client cut all connections with the firm based on moral objections. In a letter addressed to the firm’s chair Jami McKeon, H. Scott Wallace, co-chair of the Wallace Global Fund, wrote that he was

Photographer: Martin Divisek/Bloomberg

PwC’s Takeover of ‘The World’s Best Tax Law Firm’

In a move that illustrates how the professional services market is changing, about half of General Electric’s tax department — once described as as ‘the world’s best tax law firm’ — is moving to PwC in April. Under the deal, about 600 people — the majority said to be lawyers or accountants — were offered positions at PwC where they

Signage outside Fragomen's office in Santa Clara, California. (Photo courtesy of Fragomen)

Largest Immigration Law Firm in U.S. is Busy, Very Busy

The only large U.S. law firm in the country dedicated solely to immigration work is in crisis management mode in the wake of President Donald Trump’s immigration order. “It’s much like a natural disaster… in terms of getting people back to the United States and facilitating normal business processes,” said Blake Chisam, chief audit and privacy