Wake Up Call: Kirkland & Ellis Earned $70 Million Contingency Fee In Environmental Cleanup Case

March 8, 2016, 1:17 PM UTC

• Kirkland & Ellis took in $93 million for work recovering environmental cleanup costs in an unusual fee agreement approved by the Department of Justice, including a $70 million contingency fee — possibly a record for such a payment involving a federal agency. (American Lawyer)

• The legal industry’s underdeveloped cybersecurity infrastructure will make it vulnerable to an increasing number of spear phishing and ransomware attacks in 2016, as cybercriminals target the industry’s sensitive data and information, according to a report by cybersecurity company TruShield. (Legaltech news)

• Coming off a big increase in 2014, Covington & Burling’s London office saw net ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.