VOYlegal’s Post

Cravath has lost about a dozen partners to competing firms over the past five years. And the exits are likely to continue, industry observers and recruiters suggested, pointing to the intensifying competition within the legal business and the escalating battle for legal talent. My latest analysis on Cravath:

I enjoyed speaking with Xiumei Dong for her article in Law360, "Law Firms Upsizing M&A Teams For Expected Deals Rebound." At Macrae, we've seen a 71% increase in corporate partner hires among the top 50 firms in early 2024. This data reflects strategic moves to capitalize on expected market growth. I believe these hires could signal a significant uptick in M&A activity as market confidence returns. Read the full article here: https://lnkd.in/eR5kAGi2

The ability to approach complex challenges with a deep understanding of all the moving pieces is a key differentiator. As shared by Chambers and Partners, "Foley & Lardner's team enters complex matters with a nuanced sense of all issues." That insight was particularly front and center during the recent #IBAConference in #MexicoCity, where participants explored the future of M&A and legal tech on a global scale. Proud to be part of such a tight-knit, thoughtful and dedicated team that continues to make strides in the legal industry globally. Check out this article for more on Foley & Lardner LLP’s rankings in Chambers - https://lnkd.in/gPB-ezRs #HappyAtFoley #Chambers2024 #LegalRankings #techlaw #innovation #foleyforward #garage2global

Herbert Hovenkamp (University of Pennsylvania) discusses the need for objective measures in antitrust law in an interview conducted by James Keyte (Fordham Competition Law Institute) in #Concurrences 3-2024. Read more here: https://shorturl.at/arjNa This interview highlights his work in antitrust law, his commitment to objective, data-driven analysis, and his evolving views on digital markets and competition. He emphasizes the need for measurable economic harm in antitrust cases and critiques overreaching theories, particularly in tech and merger policies. #competitionlaw #antitrustlaw #antitrust #droitdelaconcurrence #europeanlaw #consumerwelfare #competitionpolicy #dominance #marketpower

#Cravath Swaine & Moore LLP is historically known for its rarity in partner exits, but three partners left the firm in January alone to join #BigLaw rivals, a number that may end up jibing with prior years' departures but that some say could signal fresh challenges for the storied firm as it looks to retain talent. Law360 Xiumei Dong Lateral Link #amlaw100

Law360 - Even As Offices Shutter, BigLaw Is Still Hedging On China https://lnkd.in/gysw8ryb “Specifically, when it comes to the regulatory challenges for law firms in China, requirements around how many qualified representatives - who spend most of their time within mainland China — firms need to have in each office has been a hurdle for some firms, according to Shawn Chen, a legal recruiter at SSQ Legal Recruitment. And when it comes to economic headwinds, the decline of the foreign direct investment business for global law firms in China has been a major blow, Chen said. Weil was the latest firm to announce plans to downsize in China, confirming last week that it had closed its Beijing office and was considering consolidating its Shanghai office with its operation in Hong Kong. A week earlier, Orrick said it was consolidating its China practice in Beijing and would decline to renew its Shanghai office lease, following a decision to terminate the firm's lease in Taiwan. Other firms that also recently announced the closure of their Shanghai offices include Perkins Coie and Latham. Meanwhile, Kirkland & Ellis LLP and Linklaters LLP have conducted layoffs across their China offices. And in a major change to its global strategy, Dentons separated from China's Dacheng, shedding thousands of lawyers in the country as a result. However, even as a number of firms are scaling down in China, others are opening new offices. Quinn Emanuel Urquhart & Sullivan LLP last year opened an office in Beijing, its second office in China, and Morgan Lewis & Bockius LLP opened an office in the Chinese technology hub of Shenzhen. "Without doubt, there will be more closures and downsizing of foreign law firms over the next six to 12 months, with U.S. firms taking the lead," Chen told Law360 Pulse. "However, if the Chinese regulatory authorities make some positive policy changes, or the macroeconomic situation in China and across the world improves, this trend could reverse very quickly. The real problem is uncertainty — no one knows when, or if, this might happen."”

Did you know that the Full Conference Pass includes this year's General Counsel Workshop Opening Session - Emerging Trends. This concise, 15-minute session provides a laser-focused overview of the most pressing trends and shifts that these legal leaders are grappling with today. Don't miss out! Register today: https://bit.ly/450VmGn #Legalweek24 #Legaltech #Legalconferences #Legalevents

Competition among medium-sized UK law firms is fierce, with over 70%* expressing concerns about local rivals competing for their business. In this highly competitive landscape, evolution isn't just an option—it's a must. From boosting productivity to enhancing client experiences, technology plays a key role. Equip yourself with practical strategies for driving meaningful change and positioning your medium-sized law firm for long-term success. Join Marcus Dacombe and Paul Wynn in our must watch webinar next week. Secure your spot now: https://ow.ly/H6Po50RE9uQ #LegalWebinar #LegalInsights #TechnologyInLaw #LegalInnovation #MediumSizedFirms *Frontiers Report 2024

Our latest blog post, Oppression of Shareholders, Good Faith, and the Duty of Loyalty, was originally published in the Winter 2013 edition of the International Society of Primerus Law Firms™'s Paradigm Magazine. Co-authored by Tim Muller and Richard Rosen, this article explains the six steps corporations can take to eliminate the possibility of a shareholder suit or oppression action. Read the blog post: https://lnkd.in/eEMec8ru

🧠 Who said innovation and law don’t mix? This panel will break all expectations! Get ready for an intense debate on the challenges and opportunities the legal ecosystem faces in times of rapid and disruptive change. ⚡️ 🕙 Time: 10:10 – 10:50 📌 Topic: Challenges of the Legal Ecosystem: a multi-helix of innovation From the Ministry of Economy to disruptive lawyering, we’ll explore how technology, regulation, and new business mindsets are shaping the future of law. 🔔 Fasten your seatbelts, because this panel will shake the foundations and reveal what’s to come. Be ready to step out of your comfort zone and embrace the new! #LegalEcosystem #LegalChallenges #InnovationInLaw #LegalTransformation #FutureOfLaw #LegalInnovation #LawAndTech #LegalDisruption #LegalRevolution #LegalIndustry