Wake Up Call: Dozens of Law Firms Slam Suit Targeting SPACs

In today’s column, a virtual recruiting surge during the pandemic helped major law schools recruit their most diverse classes ever this year; Reed Smith is cutting sixty-six legal secretary jobs in the U.S. and U.K.; law firms waste time and money on non-billable tasks better handled by legal tech tools, a report says.

• Leading off, a group of forty-nine Big Law firms posted a letter rejecting arguments in a series of recent lawsuits claiming that special purpose acquisition companies should be treated as investment companies under federal law. Despite a slowdown this summer, Big Law firms have been making big ...