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Wake Up Call: Cooley Sees Record Year, as Revenues Surge to $1.23B (Corrected)

Feb. 13, 2019, 12:36 PMUpdated: Feb. 13, 2019, 6:13 PM
  • Cooley had another record year in 2018, with revenues surging 14.4 percent to $1.23 billion, and profits per equity partner up 14.3 percent to $2.38 million. (The Recorder)

  • Fiat Chrysler Automobiles N.V. will pay up to $308 million to car owners alleging that its diesel cars were made to cheat emissions tests under a class settlement that won preliminary approval. The amount includes $59 million in attorneys’ fees. Sullivan and Cromwell, McGlinchey Stafford, and others represented Chrysler. Cleary and Sidley Austin represented Robert Bosch GmbH, which made the units used to control emissions from the engines. Hagens Berman Sobol Shapiro and others represented the car owners. (BLAW via BLB)

  • Qualcomm got advice from DLA Piper for its sale of telemedicine subsidiary Qualcomm Life to San Francisco-based private equity firm Francisco Partners, which was advised by Kirkland & Ellis. The subsidiary, a pioneer in remote patient monitoring, is to be renamed “Capsule Technologies.” (mHealthIntelligence) (HealthcareOpportunity).

  • The House Judiciary Committee—at the forefront of efforts to investigate President Donald Trump—has signed up two prominent lawyers with expertise in government ethics and white-collar crime. Norm Eisen, a vocal Trump critic, and Barry Berke will serve as “consulting counsels” to the panel. (BN via BLB)

  • Jones Day had the strongest brand of any law firm in the U.S. for the third year in a row, a new survey says. (BLAW via BLB) Jones Day is advising anti-abortion group Susan B. Anthony List Inc. in a suit alleging the group sent unwanted text messages to consumers. A federal magistrate judge yesterday recommended approval for a $1 million settlement to resolve the allegations. (BLAW)

  • Morrison & Foerster’s Gibson Dunn lawyers told a court that the so-called mommy-track lawsuit accusing MoFo of bias against mothers and pregnant women is contradicted by MoFo’s record of hiring, promoting, and supporting women and working parents. (The Recorder)

  • Companies may be losing their appetite to tangle with regulators, a new Allen & Overy report suggests. (BN via BLB)

  • The city of Rohnert Park, California, rejected Morrison & Foerster’s offer to settle an unlawful police entry lawsuit ahead of trial for $20,000. Now, MoFo says, its pro bono clients, Raul and Elva Barajas, have agreed to a $1.2 million settlement in the case, including attorney’s fees, a jury verdict to plaintiffs, on top of federally mandated additional training for police. (Together.MoFo.com)

  • Johnson & Johnson won’t have to let its shareholders vote on a proposal that could have effectively barred investors from suing the company through class-action lawsuits. (BN via BLB)

Lawyers, Law Firms, Deals

  • Tech-focused private equity firm Thoma Bravo, advised by Kirkland & Ellis, is buying mortgage software specialist Ellie Mae, a Cooley client, for about $3.7 billion. (PE Hub)

  • Steptoe & Johnson LLP launched a program in which volunteer partners serve as sponsors to offer professional guidance to “diverse” protégé associates at the firm. The move comes as an increasing number of big companies are pressuring their outside law firms to increase the diversity of their staff. (Steptoe.com)

Laterals, Moves, Promotions

  • Worklaw firm Jackson Lewis named litigator William Stukenberg office managing principal of its Houston office. (JacksonLewis.com)

  • Carlton Fields announced the election of 10 new shareholders (including four women) in various offices, practice and industry groups. (Carlton Fields)

Legal Actions, Bankruptcies, Decisions

  • Holland & Knight client PharMerica Corp., a pharmacy operator, urged the U.S. Supreme Court to review a decision reviving claims it engaged in a kickback scheme with nursing homes in order to get patient referrals. (BLAW)

  • Samsung Electronics Co. Ltd.'s Covington & Burling lawyers convinced a federal appeals court to uphold a ruling that killed four health technology patents that it was accused of infringing with its Samsung Health smartphone app. (BLAW via BLB)

  • Philip Morris Inc., advised by Arnold & Porter, must face a product liability claim by a Connecticut woman appearing pro se as she represents her deceased husband’s estate, a federal appeals court said. (BLAW)

  • General Electric Co. employees want a federal judge to let stand her decision giving a greenlight to their 401(k) retirement savings suit against the company. Goodwin Procter represents GE. Robbins Geller Rudman & Dowd and others represent the employees. (BLAW)

  • A former Apollo Global Management LLC partner, advised by Greenberg Traurig and others, can’t depose SEC attorneys who helped prepare a case against him for misappropriating $290,000 from his investment clients, a federal judge said. (BLAW via BLB)

  • Alabama’s prison system violates the Constitution’s Eighth Amendment protections against cruel and unusual punishment by failing to adequately monitor the mental health of incarcerated people in solitary confinement, a federal judge ruled in a case filed by the Southern Poverty Law Center and Alabama Disabilities Advocacy Program. (SPLCenter.org)

Technology

  • Almost three out of four federal judges found it necessary to issue warnings or schedule additional conferences to solve e-discovery problems more than once in the past year, a report says. (BLAW via BLB)
(Corrects Cooley profits per equity partner in first bullet.)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Molly Ward at mward@bloomberglaw.com

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