Wake Up Call: Dentons Eyes Iranian Market

Sept. 6, 2016, 11:54 AM

• Dentons Europe is set to launch a partnership with an Iranian firm, making the giant the the third international firm to enter the Iranian market . (The Lawyer)

• General Electric said Tuesday that it has made offers totaling some $1.4 billion in a bid to boost its 3-D printing business, proposing to acquire two European companies in additive manufacturing equipment and materials science. (New York Times DealBook)

• Top executive pay lawyer Steven Eckhaus, and two others from his practice group are leaving Cadwalader to join McDermott Will & Emery as partners. (Am Law Daily)

• Phyllis Schlafly, the lawyer who led the successful effort to block the Equal Rights Amendment to the U.S. Constitution, died at age 92. (Bloomberg)

• About four out of ten senior associates regret becoming a lawyer, according to a new U.K. survey. (The Lawyer)

Legal Market

• Cleary Gottlieb Steen & Hamilton gave its newly qualified lawyers a 9 percent pay hike in London, but the increase falls well short of the pay bar set for junior associates by Cravath Swaine & Moore earlier this year. (The Lawyer)

• Bayer AG sweetened its takeover bid for Monsanto to $56 billion, while Monsanto says it is evaluating the offer as well as others. (Bloomberg)

• China will conduct an antitrust review of Comcast Corp.’s $3.8 billion purchase of “Shrek”-maker DreamWorks Animation SKG Inc., a move that threatens to set back the U.S. media giant’s plans to bolster its library of animated films and characters. (Bloomberg/Big Law Business)

• King & Wood Mallesons’ senior partner for the European Union and Middle East, Stephen Kon, plans to step down later this year, culminating nearly five years in which among other things he oversaw SJ Berwin’s merger with King & Wood Mallesons in 2013. (The Lawyer)

• U.K. companies could face tougher corruption laws under the country’s new prime minister, Theresa May. (Bloomberg)

• Volkswagen AG faces new investigations in 20 EU countries into charges that it broke consumer protection laws by marketing cars equipped with emissions-test cheating software. (Financial Times)

• Apple is portraying the European Commission’s $14.5 billion decision against Ireland as a “tax crisis,” but in fact it was a competition finding that Ireland gave the company hidden subsidies in return for jobs, according to a professor of law and business at the University of Southern California. (Financial Times)

• Last week’s deal in which Andrews Kurth hired all 55 Kenyon & Kenyon lawyers preserves the Kenyon name , but only in some states. (Big Law Business)

• After California lawmakers failed last week to agree on legislation authorizing state bar dues before the legislative session ended, Senate and Assembly leaders pointed fingers as to who was to blame. (The Recorder)

• Facing a crisis, the State Bar of California made an emergency petition to the California Supreme Court for temporary authorization to collect dues from its members. (WSJ Law Blog)

• A San Diego lawyer who pleaded guilty to allowing nearly $12 million to be deposited into his IOLTA account to help mask the identity of customers moving money from the U.S. to overseas destinations is scheduled to be sentenced. (Law.com)

• Pure Storage is off the hook for paying a $14 million patent infringement verdict to EMC Corp. after a judge in Delaware ruled Thursday it is entitled to a new trial. (Law.com)

SCOTUS and Other Court Rulings

• With the eight-member U.S. Supreme Court unable to form a conservative majority in key cases, an alliance of civil rights groups, Democratic lawyers and the Obama administration has notched some big victories that reverse strict voting laws . (Washington Post)

• The National Labor Relations Board last week reined in the ability of its in-house judges to approve proposed settlements when they do lack backing from NLRB lawyers. The decision essentially eliminates the so-called unilateral settlement agreement that had given employers important leverage in union disputes. (National Law Journal)

• The Internal Revenue Service Friday published amendments to regulations that define who is married for tax purposes , reflecting two landmark U.S. Supreme Court decisions involving same-sex marriages. (National Law Journal)

• A messy “legal love triangle may sink California Supreme Court Justice Goodwin Liu’s chances of sitting on the nation’s Supreme Court. He would be the first Asian-American justice if nominated and confirmed. (Above The Law)

Women in Law

• Perspective: An interview with Olga V. Mack about arriving to the U.S. as an Ukrainian immigrant, graduating Berkeley School of Law, getting hired in-house at Yahoo and Visa and then as a big law attorney, and finally as generalcounsel of a tech company. (Big Law Business)

•With three big law firms facing sex-discrimination lawsuits, the executive director of the Austin-based Center for Women in Law at the University of Texas offered three steps she says firms should take to prevent discrimination in the workplace. (Big Law Business)

Laterals and Moves

• Continuing its push into the Asia-Pacific region, Morgan Lewis & Bockius Friday announced it is opening a Shanghai office , staffed by a 23-lawyer team hired from Dentons and led by corporate transactions attorney Mitch Dudek. (Big Law Business)

• In London, McDermott hired Hamid Yunis as health partner-in-charge to lead its U.K. health practice, getting him from Taylor Wessing, where he had a similar role. (The Lawyer)

• After competing at the U.S. Olympic trials earlier this summer, U.S. National Champion swimmer Brendan McHugh starts Tuesday as a first-year associate at Drinker Biddle & Reath. (Law.com)

• Sean X. McKessy, who was founding director of the Securities and Exchange Commission’s whistle-blower program, is joining Phillips & Cohen, a Washington law firm that is one of the nation’s most prominent specializing in whistle-blower cases. (New York Times)


• A privacy advocacy group this month filed a challenge to new regulations that permit commercial drones, arguing that the Federal Aviation Administration was wrong not to include privacy standards. (Law.com)

• Facebook Inc. Friday defeated a bid for a federal class-action lawsuit claiming the company illegally gave its users’ personal information to advertisers. (Bloomberg/Big Law Business)

• Perspective: With clients increasingly concerned about cyber-security and data security audits increasing, ISO/IEC certification can demonstrate that a firm has implemented best practices in information security management. (Big Law Business)

• Samsung Electronics Co.’s recall of the 2.5 million Note 7 phones shipped since they went on sale two weeks ago due to battery safety issues will be costly but looks to be the right move. (Bloomberg)

• So-called quantum computers are on the way, but due to security issues they raise the world might not be ready for them. (BloombergView)

• Growth in the global smartphone market is set to shrink dramatically in 2016, due to a variety of factors. (Information Week)


The tax cost of transferring interests in family-controlled entities could rise significantly if regulations proposed by the U.S. Treasury Department become law, wealth managers and lawyers are warning clients. (Law.com)

• Bill Cosby is due to return to court for a hearing Tuesday in his felony sexual assault case, and he is coming with a streamlined legal team . (Bloomberg)

Compiled by Rick Mitchell and edited by Gabe Friedman.

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