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February 22, 2024 |

Inside Track: Is 'Trusted Business Adviser' Trend Petering Out?

"If I'm going to be an obstruction, if I'm going to make your life more complicated, you are going to avoid me," Burford Capital General Counsel Mark Klein said.
4 minute read
February 22, 2024 | The American Lawyer

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

The firm's revenue growth last year was slower than in recent years, but McDermott Chair Ira Coleman said the firm's concept of "institutional health" was the larger focus.
5 minute read
February 20, 2024 | The American Lawyer

Reed Smith Adds Fourth McDermott Private Equity Lawyer in Last Nine Months

The McDermott partner was previously the global head of private equity at Hogan Lovells.
2 minute read
February 19, 2024 | International Edition

Reed Smith Adds Fourth McDermott Private Equity Lawyer in Last Nine Months

The McDermott partner was previously the global head of private equity at Hogan Lovells.
2 minute read
Reyes v. Summit Health Mgmt. LLC
Publication Date: February 16, 2024
Practice Area: Civil Procedure
Court: U.S. District Court for the Southern District of New York, U.S. - SDNY
Judge: District Judge Vernon S. Broderick
For plaintiff: Counsel for Representative Plaintiff and the Proposed Class: Janet Walsh, Francesca Iacovangelo, Locks Law Firm PLLC, New York, New York.
For defendant: Seth Richard Lesser, Jeffrey A. Klafter, Klafter Lesser LLP, Rye Brook, New York. Counsel for Defendants: Andrew Bennett Kratenstein, Kierstin S. Fowler, McDermott Will & Emery LLP, New York, New York.
Case number: 22-CV-9916

Court Grants Preliminary Approval of Class Action Settlement with CityMD Over Billing

DiDonato v. Campus Eye Mgmt., LLC
Publication Date: February 12, 2024
Industry: Health Care | Investments and Investment Advisory
Practice Area: Corporate Governance
Court: Court of Chancery
Judge: Vice Chancellor Will
For plaintiff: Mary F. Dugan, Emily V. Burton, Tanner C. Jameson, Young Conaway Stargatt & Taylor LLP, Wilmington, DE for plaintiff.
For defendant: Ethan H. Townsend, Daniel T. Menken, Ryan D. Konstanzer, McDermott Will & Emery LLP, Wilmington, DE for defendant.
Case number: 2023-0671-LWW

Manager and member of LLC remained the manager of the company where the LLC agreement required his involvement and approval for any amendment, such that the other investors in the company could not unilaterally amend the agreement to remove the manager.

February 09, 2024 | Corporate Counsel

New ACC CLO Survey Offers Important Board Guidance

Major board take-aways from this year's Survey include (i) indications of a decline in the CLO's leadership - level role and influence, and (ii) increasing pressures on legal departments "to do more with less." Both are particularly relevant to the board's oversight responsibility – and of concern to the CLO.
6 minute read
February 08, 2024 |

Can Big Law Extract the Maximum Value of AI?

Legal departments of major corporations along with the industry's most elite firms are actively using generative AI, and the idea that any organization would wait on identifying and testing use cases is seen as a significant competitive risk.
7 minute read
February 06, 2024 | The Legal Intelligencer

Monsanto Claims Dozens of Bad Rulings Led to $2.25B Roundup Verdict

More than half of Monsanto's 175-page motion revolved around claims that Schulman made dozens of erroneous rulings, many of which related to what evidence was and was not permitted at trial.
3 minute read
February 06, 2024 | The American Lawyer

McDermott Lands Sports and Entertainment Partner From Venable for Transactions Group

Alexei Cowett had been at Venable since 2015 and has advised on more than $60 billion in closed transactions across various media, McDermott said.
3 minute read



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