Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Advanced Search Go
Free Newsletter Sign Up

Wake Up Call: 80 of 100 Big Law Firms Have Been Hacked Since 2011

Aug. 17, 2015, 12:29 PM

• Eighty of the 100 biggest law firms in the United States have been hacked since 2011, according to data from Mandiant , a cybersecurity firm. (Legaltechnews)

• British law firms are borrowing record sums to finance expansion, retain lawyers and invest in technology, according to research funded by a finance provider. Bank lending to law firms has increased $8.16 billion , a 28 percent jump since 2010, the research found . (The Financial Times)

• Reed Smith is asking for $3 million for work it performed over six years overseeing the estate of the late economist Pentti Kouri. (New York Post)

• Jacoby & Myers has appealed a ruling that threw out its class action challenging New York regulations that prohibit law firms from selling stakes to non-lawyers. (Law360)

Legal Market

• Since Latham & Watkins opened in Houston in 2010, other major law firms including Kirkland & Ellis, Sidley Austin and Willkie Farr & Gallagher all opened offices. Today, 83 of the top 200 law firms have offices in Texas , employing more than 6,800 lawyers. (Big Law Business)

• British insurer Prudential has started the tendering process for spots on its legal panel. (Legal Business)

• Quinn Emanuel Urquhart & Sullivan filed a two-page notice on Friday seeking a favorable judgment in a proposed class action accusing the law firm of denying overtime pay to contract attorneys. (Law360)

• The U.S. Supreme Court may have to decide whether certain white collar employees are eligible to earn overtime wages if they work more than 40 hours a week. (WSJ Law Blog)


• Latham & Watkins has hired Clifford Chance’s Germany banking and capital markets head Alexandra Hageluken. (The Lawyer)


• Big Law Business has published a complete history of the Dewey & LeBoeuf criminal trial . (Big Law Business)

• Four young lawyers have received a crash course in law firm failures by working on the Dewey & LeBoeuf trial: associates Anne Redcross, Jasmine Juteau, Amanda Bassen and Priya Raghavan have all gained various levels of experience in the case. (The American Lawyer)


• Representatives from the governments of India and the United States have held another series of discussions on cybersecurity issues , though specifics have not been disclosed. (Legaltechnews)


• U.S. District Judge Dickinson Debevoise, who sat on the federal bench in Newark for more than 35 years, has died . He was 91. (New Jersey Law Journal)

• U.S. District Judge Lewis Kaplan has ordered that the general counsel of China-based ZTE Corporation be deposed in his courtroom in a patent case. The order comes despite fears by the GC that he will be arrested upon entering the country because of a criminal investigation into the company’s alleged selling of computer products to Iran. (New York Law Journal)

• Arab Bank Plc settled a U.S. lawsuit with hundreds of terror victims who accused it of financing a wave of violence that killed or wounded Americans in Israel in the early 2000s. (Big Law Business/ Bloomberg News)

• What’s the biggest difference between in-house and law firm life? Edward Paulis, Zurich North America Vice President and Assistant General Counsel, said he feelsone big difference is his schedule: “As an outside attorney, my schedule was generally on my own... I do keep regular office hours and account for my time being on the job.” (Big Law Business/ Bloomberg BNA)