Media Monitor
February 19, 2015
A digest of the week’s news of note:
From the most buzz-worthy and blogged-about, to the leading business, innovation and legal industry headlines.

Corporate Counsel


  • Go Ahead, Make His Day: Hewlett-Packard's general counsel says he's really pleased with his department's program to hire and train young lawyers. So why is he hoping he loses one? (CC, 2.19)



  • GCs from UTC and GE Enlist in LawyerCorps: The general counsel of United Technologies Corp. and General Electric Co. have helped start a program to make available free legal services for poor people in Connecticut. (CC, 2.18)





  • Puzzling Out a Law Department Structure: If in-house departments aren't structured well, both in and of themselves and in the context of the larger company, it's hard for them to do their best work. (CC, 2.13)
















  • Punt Peerpoints the way: As the UK contract lawyers market goes into overdrive, the CEO of A&O’s flexible resourcing arm is staying ahead of the curve – watch out world. References Axiom. (TL. 2.16)


  • The Bar Dithers, Rich Firms Get Richer, and NewLaw Grows: “In five years, will the Axiom deal or the Dentons Dacheng merger seem more important? The merger carries multiple superlatives but may be seen as just another global platform merger. The Axiom deal, however, may be seen as a turning point for market structure and for whom clients pick for legal services.” (PL, 2.14)



  • Pro bono legal advice for 30+ charities from Axiom: London-based charity and social enterprise clients of Cause4, the “disruptive philanthropy” agency, are to receive pro bono legal services support from Axiom, the global provider of tech-enabled legal services. (UKF, 2.13)


Legal Education


Law Firms/Lawyers/Corp Counsel


  • Women and Minorities Make Slight Gains at Law Firms: The percentage of associates at law firms who are women rose to just less than 45 percent in 2014, according to the National Association for Law Placement, while the percentage who are minorities climbed to 21.6 percent. (NYT, 2.18)


  • A Call for Law Firms to Go Public: In a law review article, a founder of a major litigation finance company says law firms should abandon the partnership structure. (NYT, 2.18)



Wall Street/PE

  • Faceoff Over Bank-Settlement Funds: Republican lawmakers pushed for documents on the Justice Department’s multibillion-dollar bank settlements amid questions about what the money has been used for. (WSJ, 2.13)


  • Swiss Prosecutors Search Offices of HSBC Unit: The investigation by the Geneva prosecutor’s office comes amid recent media reports about the HSBC unit’s previous efforts to help wealthy clients seeking to avoid taxes. (NYT, 2.18)



  • U.S. Shifts Focus of Morgan Stanley Breach Probe: Federal authorities are probing whether a hacker is behind the online posting of a cache of Morgan Stanley’s client data—and not the financial adviser who was fired in connection with the breach. (WSJ, 2.19)





Additional Legal News

  • Boston Scientific, J&J Settle Guidant Suit: Boston Scientific agreed to pay Johnson & Johnson $600 million to settle a long-running lawsuit related to the 2006 acquisition of heart-device maker Guidant for $27 billion. (WSJ, 2.18.15)


  • GM Heads Back Into Court: GM will be in court Tuesday fighting to keep a bankruptcy shield blocking legal claims on falling resale values and injuries from a flawed ignition switch. (WSJ, 2.17)


  • Apple Sued for Poaching A123 Employees: Battery maker A123 Systems is suing Apple for what it alleges is an “aggressive campaign to poach employees” to build a competing battery business. (WSJ, 2.19)