All News

Freshfields Hires Skadden’s New York Head of Tax

Freshfields Bruckhaus & Deringer has added Steven Matays, the head of the New York tax practice at Skadden, Arps, Meagher, Slate & Flom, the international firm said Thursday. Matays is the latest transactional hire at Freshfields, as the U.K.-founded firm pushes to gain market share in the U.S.

Sullivan & Cromwell Resists ‘Radical’ Partnership, Compensation Changes

Sullivan & Cromwell is used to being an outlier, even by Big Law standards. The firm already maintained a black box partner compensation system, it continues with a single-tier partnership, and it doesn’t regularly announce lateral partner additions. But change has come relatively quickly in Big Law, pushing firms to adapt…

Coinbase sues SEC, FDIC for information relating to crypto regulation

Coinbase chief policy officer Faryar Shirzad discusses the impact of the custodianship on ‘The Claman Countdown.’ Coinbase is launching a new legal offensive against the Securities and Exchange Commission and the Federal Deposit Insurance Corporation to procure documents relating to the agencies’ approaches to crypto regulation, has learned. According to…

‘Laziness’ or ‘Profit Maximization’? GCs’ Frustration Over Law Firm Billing Transparency Boils Over

General counsel say they’ve grown exasperated by law firms’ continued lack of transparency, especially related to billing, a shortcoming that’s making it increasingly difficult for them to justify hefty outside counsel spending internally. More than a half-dozen legal chiefs from companies in a range of industries told Law.com that opaque billing practices,…

US Firms Rising? The Law Firms with the Largest UK Market Share, 2024

U.S. law firms including Latham & Watkins, Kirkland & Ellis and Simpson Thacher & Bartlett have larger U.K. revenues than longstanding British institutions such as Ashurst, Macfarlanes and Simmons & Simmons, the latest Law.com International rankings show. An analysis of the largest legal institutions by revenue in the U.K., irrespective of where…