Wake Up Call: EY Buys Legal Tech Innovator in Managed Services Push

• Big Four accounting firm EY accelerated its expansion into legal services by buying U.K.-based legal tech innovator Riverview Law, a company created in 2012 by a venture with investors including DLA Piper. Riverview says it uses technology to provide fixed-fee legal services that help major corporate clients cut their legal costs and increase efficiency. EY, which has about 2,200 “law practitioners” in member firms across 81 jurisdictions, said the acquisition establishes it as a “leading disruptor” in legal managed services, one of the legal market’s fastest-growing segments. (EY) (Law Gazette) (Artificial Lawyer)

• Arista agreed to pay Cisco $400 million in a settlement of most of the two companies’ years-long fights over intellectual property and antitrust claims. (Wall Street Journal)

• Latham & Watkins snagged a Fenwick & West lawyer known for advising Facebook on its $1 billion Instagram acquisition, getting veteran dealmaker Greg Roussel as a partner in its technology transaction practice in the Silicon Valley. (The Recorder)

• The American Bar Association plans to slash its dues starting in 2020 in hopes of reversing a falling trend in its membership. (American Lawyer)

• Emmet Flood, the former Williams & Connolly partner now advising President Trump on his interactions with special counsel Robert Mueller, earned $3.3 million in the 12-month period preceding his appointment in May, according to Flood’s financial disclosure form. (National Law Journal)

• Paul Manafort’s former right-hand man, Rick Gates, testified at Manafort’s bank and tax-fraud trial that he helped his then-boss conceal millions of dollars in income from the Internal Revenue Service and lie to banks. And he also ripped off Manafort, Gates testified. (Bloomberg)

• The National Labor Relations Board voted unanimously yesterday to reject a challenge to its authority to hire and rely on in-house judges. (Bloomberg Law)

• Women attorneys with long careers at law firms are dissatisfied with their access to business development opportunities, salary, and access to mentors, among other things, a new survey finds. (Bloomberg Law via BLB)

 

Lawyers and Law Firms

• DLA Piper said it advised Liquidia Technologies, Inc., a late-stage clinical biopharmaceutical company whose investors include the Bill & Melinda Gates Foundation, in its $50 million initial public offering. (DLAPiper.com) (Seeking Alpha)

 

Laterals, Moves

• Mayer Brown said it added a New York City tax expert to its state & local tax group by hiring Zal Kumar, former director of business tax services for the New York City Department of Finance. Kumar joins as a partner in New York, where he will focus on the financial services sector. (MayerBrown.com)

• Sidley Austin reached into McDermott, Will & Emery for a new New York head of blockchain and fintech in its securities & derivatives enforcement and regulatory group. Lilya Tessler, who was co-head of McDermott’s blockchain and fintech group, joins as partner. (Sidley.com)

• Cozen O’Connor said former Trump administration health policy special assistant Alexandra Campau returned to the firm and to Cozen O’Connor Public Strategies in Washington. Campau, who joins as principal and director of health policy, will focus her practice on federal health care issues and lead the growth of Cozen O’Connor Public Strategies’ health care practice. (Cozen.com)

• Jones Walker LLP said it hired a veteran inhouse lawyer for oilfield service companies, Cindy M. Muller, for the firm’s Houston office as special counsel in its maritime practice group and member of its energy, environmental, and natural resources team. (JonesWalker.com)

• DLA Piper said it hired Duane Morris litigator Lida Rodriguez-Taseff as a Miami-based partner in the firm’s litigation practice. (DLAPiper.com)

• U.K. elite firm Clifford Chance got back former associate Victor Levy, who after three years away at DLA Piper returns as a corporate partner in Clifford Chance’s New York private funds group. (The Lawyer)

 

Technology

• Although some inhouse lawyers already use new legal technologies, more have just a superficial understanding of these tools. That’s all likely to change soon, says former Clifford Chance lawyer Benjamin White, who last year founded Crafty Counsel, a video learning and development website for inhouse counsel. (Artificial Lawyer)

 

Legal Education

• As the American Bar Association mulls dropping a requirement for law schools to take applicants’ standardized test results into account, a recent poll shows that a majority of prospective law students responding said they want the ABA to keep the requirement. (Above The Law)

Compiled by Rick Mitchell and edited by Tom Taylor.