Wake Up Call: Corporate Legal Chiefs Earning ‘Hefty’ Parachutes

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• General counsel and other corporate legal leaders are being given “huge payouts” to help ensure “soft landings” if they lose their jobs after their company is sold. One example: US Steel GC Duane Holloway stands to cash in for more than $16 million if the planned $14 billion deal to sell the company to Japan’s Nippon Steel closes. (Law.com)
• Missouri law firm Blitz, Bardgett & Deutsch has opened a new office in Kansas City and added four ...