While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.
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Monday, June 18, 2018 Follow Law360

DIVERSITY SNAPSHOT

The Best Firms For Minority Attorneys

While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot. Read more »

Law360’s Diversity Snapshot: By The Numbers

Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers. Read more »

Minority Lawyers On Why They Left BigLaw

Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm. Read more »

Taking On The ‘Petri Dish’ Of BigLaw Bias

The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system. Read more »

Podcast

Law360’s Pro Say: What BigLaw Should Do About Diversity

For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue. Read more »

TOP NEWS

Citi To Pay States $100M For Libor Rigging

A Citigroup Inc. unit has agreed to pay $100 million to 41 U.S. states and the District of Columbia for manipulating its U.S. Dollar London Interbank Offered Rate submissions in order to dodge bad publicity, prosecutors said Friday. Read more »

Feds Capture Trove Of Cohen's Encrypted Messages

Manhattan federal prosecutors on Friday said they’ve obtained hundreds of pages of encrypted messages sent via Signal and WhatsApp from the cellphones of President Donald Trump’s former lawyer Michael Cohen, after the FBI previously reported being unable to access the data. Read more »

BSGR Seeks OK To Depose Soros In $10B Guinea Mining Row

Mining companies associated with Israeli billionaire Beny Steinmetz that are accusing George Soros of inducing Guinea to ax their iron mining rights asked a New York federal court on Thursday to allow them to depose the business magnate and start collecting evidence even as a related arbitration remains pending. Read more »

Avenatti 'Publicity Tour' Justifies Gag Order, Cohen Says

The "unquenchable thirst for publicity" of Stormy Daniels' lawyer and declarations during his "publicity tour" that Michael Cohen routinely broke the law as President Donald Trump's personal attorney justify a media gag order, Cohen told a California federal judge Thursday. Read more »

INTELLECTUAL PROPERTY

Painter Hits HBO With IP Suit Over 'Slenderman' Documentary

A Brooklyn-based painter on Friday hit HBO with a copyright suit in New York federal court accusing the content giant of ripping off his painting in its 2016 documentary about the attempted murder of a child for the fictional character Slenderman. Read more »

SECURITIES & WHITE COLLAR

JPML Bundles CBOE Index Manipulation Suits In Chicago

The Judicial Panel on Multidistrict Litigation on Thursday sent several suits alleging an unlawful manipulation of the Chicago Board Options Exchange's volatility index to Chicago federal court, saying the move will ensure efficiency and consistency while litigating the case’s complex issues. Read more »

BANKRUPTCY

Indian Bank Seeks Ch. 11 Exam Of Alleged Fraudster, Others

Punjab National Bank, the alleged victim of a seven-year, billion-dollar bank fraud by diamond mogul Nirav Modi and his uncle, asked a New York bankruptcy court on Thursday for permission to subpoena Modi and others connected to three Modi-linked jewelry companies that are under court protection in the U.S. Read more »

TAX

Taxation With Representation: Wachtell, Shearman, Simpson

In this week’s Taxation with Representation, KKR bought Envision Healthcare for $9.9 billion, Gebr. Knauf KG bought rival USG Corp. for $7 billion, Blackstone bought Investa Office Fund for $2.3 billion and Royal Caribbean Cruises scooped up Silversea Cruises for $1 billion. Read more »

PEOPLE

Greenberg Traurig Nabs Ex-Weil Cybersecurity Pro In NY

Greenberg Traurig LLP has hired a former Weil Gotshal & Manges LLP attorney who specializes in cybersecurity issues and complex securities litigation to its cybersecurity, privacy and crisis management practice, the firm recently announced. Read more »

EXPERT ANALYSIS

One Size Doesn't Fit All Product Labeling Class Actions

Recent product labeling class actions centering on Starbucks coffee, Tito's Vodka, 5-Hour Energy and other products differ substantially from each other in their claims and the products involved. The fundamental economic differences between these cases mean that cookie-cutter methods are not likely to yield reliable measures of classwide damages, says Jon Tomlin of Navigant Consulting Inc. Read more »

Options For Failing Marijuana Cos. And Their Creditors

In the marijuana industry, there is ambiguity surrounding failing businesses because the product remains illegal under federal law. Brett Theisen of Gibbons PC identifies the credit risks associated with lending to, or working with, a marijuana business and highlights key state law solutions for both debtors and creditors. Read more »

An Unprecedented Look Inside The FARA Unit

For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd. Read more »

LEGAL INDUSTRY

Sidley, Freshfields, Others Jump Into Associate Pay Race

Sidley Austin LLP joined Freshfields Bruckhaus Deringer LLP, Clifford Chance LLP and at least four more firms on Friday in announcing they’ll match Cravath Swaine & Moore LLP's increased associate pay scale. Read more »

Female Attys Take To Twitter As Senate Looks At Harassment

Female lawyers took to Twitter this week to share experiences of sexual harassment in their professional lives after a Senate Judiciary Committee hearing on such harassment in U.S. courts. Read more »

3 High Court Justices Dump Some, But Not All, Of Their Stock

The amount of individual stock held in public companies by U.S. Supreme Court justices declined once again in 2017, but three members of the high court’s bench still combine to hold shares in more than 40 entities, according to an analysis of financial disclosures released Thursday by watchdog group Fix the Court. Read more »

Feature

GC Cheat Sheet: The Hottest Corporate News Of The Week

A retail industry association, Comcast Corp. and others continue to urge the Federal Communications Commission to create a database of reassigned phone numbers that would come with a liability shield for those who use it, a federal judge ruled AT&T can complete its $85 billion purchase of Time Warner, and the European Union has moved forward in establishing a new blocwide cybersecurity agency that proponents say will promise a level of data security on products like connected cars and smart medical devices. These are some of the stories in corporate legal news you may have missed in the past week.​ Read more »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week. Read more »

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LAW FIRMS

Anthony Kennedy PC

Bracewell

Cahill Gordon

Cleary Gottlieb

Clifford Chance

Cohen & Gresser

Cravath Swaine

D'Amato & Lynch

DLA Piper

Debevoise & Plimpton

Dickinson Wright

Fisher Phillips

Fortney & Scott

Freshfields

Fried Frank

Gibbons PC

Gibson Dunn

Goodwin

Greenberg Traurig

Harder LLP

Hogan Lovells

Holwell Shuster

Ice Miller

Irell & Manella

Jeffer Mangels

Jones Day

K&L Gates

Katten Muchin

King & Spalding

Kirkland & Ellis

Klestadt Winters

Latham & Watkins

LeClairRyan

McDermott Will

Milbank Tweed

Miller & Chevalier

O'Melveny & Myers

Paul Weiss

Proskauer Rose

Quinn Emanuel

Reed Smith

Ropes & Gray

Selendy & Gay

Shearman & Sterling

Sidley Austin

Simpson Thacher

Skadden

Wachtell Lipton

Weil Gotshal

White & Case

Willkie Farr

Wilson Sonsini

Winston & Strawn

COMPANIES

AT&T Inc.

Adobe Systems Incorporated

Alion Science and Technology Corp.

Amazon.com Inc.

American Bar Association

American International Group Inc.

Apple Inc.

Becton Dickinson and Company

Berkshire Hathaway Inc.

BlackBerry Ltd.

C. R. Bard, Inc.

CBOE Holdings Inc.

CTIA

Cintas Corporation

Cisco Systems Inc.

Citigroup Inc.

Comcast Corporation

Credit Union National Association Inc.

DXC Technology Co.

Dole Food Company Inc.

Envision Healthcare Holdings Inc.

Facebook

Faculty Athletics Representatives Association

Google Inc.

Hill-Rom Holdings, Inc.

Hillenbrand, Inc.

Home Box Office Inc.

International Centre for Settlement of Investment Disputes

Keurig Green Mountain Inc.

KeyPoint Government Solutions

Kinder Morgan

LinkedIn Corp.

Lowe's Companies Inc.

Macy's Inc.

Microsoft Corporation

Monsanto Company

National Rural Electric Cooperative Association

Navigant Consulting Inc.

Nokia Corporation

Open Society Foundations

Ripple Labs Inc.

Royal Caribbean Cruises Ltd.

S&P Global Inc.

SPX Corporation

SYSCO Corporation

Schlumberger Limited

Sirius XM Radio Inc.

Starbucks Corporation

Texas Instruments Inc.

The Blackstone Group L.P.

Twitter Inc.

U.S. Chamber of Commerce

USG Corporation

UnitedLex Corp.

Vencore Inc.

GOVERNMENT AGENCIES

Delaware Court of Chancery

Equal Employment Opportunity Commission

European Commission

European Union

Federal Bureau of Investigation

Federal Communications Commission

Legal Services Corp.

New York Attorney General's Office

Securities and Exchange Commission

U.S. Attorney's Office

U.S. Department of Defense

U.S. Department of Justice

U.S. Patent and Trademark Office

U.S. Supreme Court

United States Bankruptcy Court for the Southern District of New York