Media Monitor
October 2, 2014

Legal Education/Careers

 

 

Corporate Counsel

 

 

 

 

 

  • Entertaining the thought: Viacom's Michael Fricklas on leading a diverse team of entertainment lawyers while on the path to increasing revenue. (IC, 10.1)

 

  • Leadership through diversity: As Ambassador Verveer so aptly summarizes, “The bottom line is that today there is a growing focus on the benefits of diversity. I think women legal professionals who are aspiring to corporate counsel positions can ride this wave.” (IC, 10.1) 

 

 

 

  • Tour of Duty: Ann D. Davidson, Exelis: As a global aerospace, defense, information and services company, Exelis Inc. is among the last lines of defense for the country, but in that company's boardroom, a strong general counsel is the last line of defense against unnecessary legal risk. (AL, 10.1)

 

 

 

Compliance

 

Firms

 

  • 2014 Global 100: Top-Grossing Law Firms in the World: Thanks in part to a deluge of dealmaking, gross revenue was up 4.3 percent and profits per equity partner were up 5.4 percent among global firms, though revenue per lawyer was flat. It's still a challenging environment out there. (AL, 10.1)

 

  • A Widening Partner Pay Gap: Senior equity partners are the winners in Major, Lindsey & Africa's new study. The losers: women partners and nonequity partners. (AL, 10.1)

 

 

 

Alternatives

 

 

 

  • A shore thing? The near-shoring trend is continuing to gather momentum - but what do in-house lawyers think about it?  References Axiom as the “most prominent alternative legal services provider in the market” and includes significant quotes from Axiom’s Nick West, including this opening line: "It's hard to find that many people who are bullish about the future of the traditional law firm." (LW, 10.1)

 

Patent/IP

  • For NPEs, is it RIP, ITC? It wasn't all that long ago that many of us in the corporate IP suite were starting to view the U.S. International Trade Commission with growing trepidation. (IC< 10.1)

 

Law Firms/Lawyers/Corp Counsel

 

 

  • Revenue at Biggest 100 Law Firms Rose 4.3% in 2013: A surge of corporate mergers and acquisitions, coupled with consolidation among law firms, helped the largest 100 law firms globally to record earnings last year, according to The American Lawyer. (NYT, 9.29)

 

 

Wall Street/PE

  • Forex-Probe Settlement Discussed: British regulators held meetings this week with six major banks about potentially settling a long-running investigation into possible manipulation of currencies markets, according to people familiar with the talks. (WSJ, 9.28)

 

  • Trial in $40 Billion Lawsuit Against AIG Bailout Begins: A $40 billion lawsuit against the U.S. government for its crisis-era bailout of American International Group Inc. got under way in federal court Monday, with a lawyer for the insurer’s shareholders accusing the government of unlawfully seizing a majority stake in the insurer. (WSJ, 9.29)

 

 

Antitrust

  • Antitrust Police Proliferate Around the Globe: These days, many big mergers don’t just need to win antitrust approval from regulators in the U.S. and the European Union. Nations including China, Brazil and even Ukraine are part of a growing roster of countries that also want a say. (WSJ, 9.28)

 

  • Authors Guild Met With DoJ to Seek Amazon Probe: The Guild, which has more than 8,500 members, raised concerns that Amazon is violating antitrust law as it puts pressure on Hachette Book Group in a dispute over revenue from e-books. (WSJ, 10.2)

 

Patent/IP/Copyright

 

Additional Legal News

  • 'Made in USA' Spurs Lawsuits: Chinese nets and bolts ensnare Lifetime Products' basketball hoops in litigation over whether they qualify for "Made in USA" labeling. (WSJ, 10.1)

 

  • Amazon.com, Disney Back at Peace: Amazon.com appears to be close to settling a nearly two-month dispute with Walt Disney during which the e-commerce giant stopped offering Disney DVDs for preorder. (10.1)

 

  • EU Says Apple, Fiat Tax Deals Broke Rules: European Union regulators said they believe that tax deals granted to Apple in Ireland and Fiat in Luxembourg constitute illegal state support for the companies. (WSJ, 10.1.14)

 

  • Ride-Sharing Services Face Legal Threat on Home Turf: The district attorneys of San Francisco and Los Angeles on Thursday delivered letters to Uber, Lyft and Sidecar accusing them of violating California business law following a joint investigation. The regulators threatened an injunction on their services if they don't make certain changes. (WSJ, 9.26)