Midlevels' Mixed Reviews | Crypto Insider Trading? | Underpaid GCs: The Morning Minute
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August 04, 2022 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
MIDLEVEL MALAISE – Big Law midlevel associates are rating their firms higher in this year's 2022 Midlevel Associate Survey from The American Lawyer. Compared to last year's results, 10% fewer associates said their firms were understaffed and slightly more survey respondents said they expected to stay at their firm in the next two years. Still, when it comes to personal and professional fulfillment, it seems law firms have a lot more work to do. Dan Roe reports that more than three-quarters of participating midlevel associates said their job significantly impacted their mental health, and more than half said they'd consider quitting for better work-life balance. Some associates noted the relationship between more billable hours and poor mental health. One Greenberg Traurig associate said, "We can't plan a workout, healthy meals, or even time off with friends when a client's 'emergency' (nothing a corporate client needs is actually an emergency) could pop up unexpectedly and interrupt it."
CRYPTO CONSPIRACY? – Defense attorneys are seeking to throw out what prosecutors have called the first cryptocurrency insider trading tipping scheme by raising "several issues of first impression," due to the nature of the charges and industry, Jane Wester reports. Greenberg Traurig partner David Miller is representing Ishan Wahi, a former employee at the cryptocurrency platform Coinbase charged with wire fraud and wire fraud conspiracy. During a hearing Wednesday before U.S. District Judge Loretta Preska of the Southern District of New York, Miller said "This is not insider trading. There are no securities and commodities that are alleged to have been charged by the U.S. Attorney's Office, and 'insider trading' is not pure nomenclature."
PAY DAZE – Some legal executives, particularly diverse in-house counsel, have been underselling themselves in compensation negotiations, according to lawyers and career coaches. Lisa Davis of Frankfurt, Kurnit, Klein & Selz told Phillip Bantz that people of color and white women tend not to negotiate as heavily or even know they can really negotiate. Davis said, because there are so few people of color that have been at the executive level for a very long time, "they just don't have the institutional knowledge to know, 'Hey, you're a C-suite executive. Your deal can be negotiated.'"
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EDITOR'S PICKS
Firm Faces Threat of Disqualification After Appeals Court Says It Violated Discovery Rules By Aleeza Furman
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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