Wake Up Call: Some Firms Shy of Pot Biz, But Others Smell Opportunity

• A large segment of Big Law remains wary of the recreational and medicinal cannabis industry, which is legal in a majority of U.S. states but still illegal under federal law. But with the market headed for $11 billion and climbing, law firms including Dorsey & Whitney, Duane Morris, and Fox Rothschild, among others, smell opportunity. ( Bloomberg Law via BLB )

• Latham & Watkins namedChicago-based banking partner Brad Kotler as vice chairman of the $3 billion, 2,400-lawyer firm. The appointment comes about a month after London-based capital markets partner Richard Trobman was elected as the firm’s chairman, to fill ...