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March 28, 2024 | The American Lawyer

An Early Look: The 2024 Am Law 200 Financials

This feed is continually updated. So bookmark it, check back regularly, and stay tuned for the Am Law 100 and Second Hundred reports coming soon.
14 minute read
March 28, 2024 | The Recorder

9th Circuit Rejects Securities Allegations Against Biotech Company's COVID-19 'Cure' Claim

"It seems likely that the bump in the price of Sorrento's stock in the week of May 15 provided it with more revenue from its agreement with Anarki to purchase stock, but Zenoff does not allege any particular improper or inflated sales. Indeed, as defendants note, Zenoff identifies no individual stock sales at all," Judge Consuelo Callahan wrote on behalf of the court.
5 minute read
March 28, 2024 | National Law Journal

9th Circuit Rejects Securities Allegations Against Biotech Company's COVID-19 'Cure' Claim

The plaintiff "does not allege any particular improper or inflated sales. Indeed, as defendants note, Zenoff identifies no individual stock sales at all," Judge Consuelo Callahan wrote on behalf of the court.
4 minute read
March 28, 2024 | Texas Lawyer

Vinson & Elkins Finance Team Arrives at Paul Hastings

Eight Vinson & Elkins global finance partners, identified last month as on the way to Paul Hastings, made the move on Thursday, as the larger Am Law 100 firm aggressively expands in Texas.
4 minute read
March 27, 2024 | New York Law Journal

Attorneys 'On the Move': Finance Partner Joins Fried Frank; DLA Adds Former Merck VP

And other announcements of recent hirings and promotions of New York attorneys.
7 minute read
March 27, 2024 | The American Lawyer

Paul Hastings, Nelson Mullins Broker Deal to Take Trump-Backed Truth Social Public

The newly public entity trading as Digital World saw its stock price jump 15% on Tuesday, providing a $4.5 billion valuation for Trump's stake.
2 minute read
March 27, 2024 | Delaware Business Court Insider

Big Law Lawyers With Chancery Experience Broker Deal to Take Trump-Backed Truth Social Public

Bondi also represented Digital World in a Delaware Chancery Court dispute with sponsor ARC Global Investments over its entitlement to shares in the combined entity, in which the court ruled in Digital World's favor.
2 minute read
March 26, 2024 | The American Lawyer

Deal Watch: Wachtell, Skadden, Cleary Land on Big Healthcare Deals; Dealmakers Stay Optimistic

"People are more open to looking at M&A transactions," said Linklaters' George Casey. With inflation getting under control and the Fed expecting lower rates, "you can start thinking how you can finance."
9 minute read
March 26, 2024 | The American Lawyer

Diversity of Practices Helped Foley Grow Revenue by 8.1%, Profits Per Equity Partner by 11.5%

The firm posted higher revenue and profits, even as its lawyer head count was steady in 2023.
5 minute read
March 26, 2024 | The American Lawyer

Nonequity Partner Growth Kicks Into High Gear

Several Am Law 100 firms grew their income partner ranks by double-digit percentages in 2023. Multiple factors are pushing firms to rapidly expand this tier of partners, observers say.
7 minute read

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