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Wake Up Call: Lawyers Use NFT to Serve Order in Blockchain Suit

June 10, 2022, 12:38 PM

In today’s column, Goodwin and Simpson Thacher guided a private equity-funded deal for legaltech company MyCase; Mayer Brown’s London managing partner told partners not to spoil associates’ vacations with non-urgent work; Holland & Knight grabbed a five-partner private equity team in Charlotte.

  • Leading off, two Holland & Knight asset recovery attorneys in Miami say they’re the first to use a non-fungible token to serve a temporary restraining order on anonymous defendants. The attorneys said that, with a New York judge’s approval, they used an NFT to serve the order in a suit over $8 million in allegedly stolen Ethereum blockchain virtual assets. They said the new strategy helps get around weaknesses in trying to physically serve anonymous defendants. (Daily Business Review)
  • Goodwin Procter advised professional services payment group AffiniPay, a portfolio company of TA Associates and the parent company of LawPay, on its acquisition of legal practice management software company MyCase. Simpson Thacher & Bartlett advised the seller, private equity firm Apax Partners, and its portfolio company MyCase. TA Associates continues as the majority owner of the merged company, and Apax keeps a minority stake. (Businesswire.com)

Lawyers, Law Firms

  • Mayer Brown’s London managing partner told partners not to ruin associates’ vacations by contacting them with work demands, unless there’s a “genuine emergency.” (Roll on Friday)
  • O’Melveny & Myers represented corporate online training and resources company Go1 in a $100 million funding round that brings the Hong Kong-based company’s valuation to over $2 billion. AirTree Ventures, Blue Cloud Ventures, Five Sigma, Madrona, Salesforce Ventures, and SoftBank Vision Fund 2 participated in the round. (Globe Newswire)
  • “Brand and reputation” are the most important attributes business leaders look for in a potential M&A target, according to a new survey report by Eversheds-Sutherland. (Eversheds-Sutherland.com)
  • The city of Philadelphia released a 257-page report on police’s catastrophic bombing in 1985 of the headquarters of a Black liberation group and the city’s subsequent handling of victims’ remains. The independent report was conducted by law firms Dechert and Montgomery McCracken Walker & Rhoads. (Axios)

Laterals, Moves, In-house

  • Holland & Knight grabbed a five-partner corporate and private equity team in Charlotte, North Carolina, from Moore & Van Allen. The group includes partners Rick Bange, John Gilson, Mike Miller, Emerich Gutter and Ben Weadon; Latham & Watkins snagged veteran Clifford Chance insurance transactional lawyers Gary Boss and Analisa Dillingham in New York as corporate partners in its mergers & acquisitions practice; New York-firm Moses & Singer hired commercial litigator Eliad Shapiro as a partner. (MosesSinger.com)
  • UK Big Law firm Addleshaw Goddard said it hired corporate and M&A attorney David Lambert as a partner in Paris where he will lead the office’s private equity department. Lambert has been at Willkie, Farr & Gallagher and Allen & Overy and arrives recently from Jeausserand Audouard, where he was a partner; Freshfields Bruckhaus Deringer said the head of its London disputes resolution group, partner Sarah Parkes, is now its global dispute resolution head. She took over from London-based partner Andy Hart, who returns to focusing on his practice. (Freshfields.com)
  • Longtime intellectual property attorney Charles Wieland, a partner at Buchanan Ingersoll & Rooney and co-chair of its IP section, left that firm after over 33 years for Philadelphia-based Panitch Schwarze Belisario & Nadel. He joins that IP boutique as a partner, bringing an associate, patent agent, and four assistants with him; Blank Rome hired Venable consumer finance attorney Daniel Funaro in Washington; Loeb & Loeb snagged McDermott Will & Emery trusts & estates attorney Michael Rosen-Prinz as a partner in Los Angeles; Quarles & Brady picked up corporate, securities, and finance attorney Jeremy Jarrett in Phoenix as of counsel. (Quarles.com)

Legal Education

  • Harvard Law School said corporate bankruptcy specialist Jared Ellias is joining Harvard Law School as a professor, July 1. Ellias, a former Big Law attorney, is leaving the University of California, Hastings College of the Law in San Francisco where he’s been the Bion M. Gregory chair in business law and faculty director for the business law center. (Harvard.edu)

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

To contact the editors responsible for this story: Chris Opfer in New York at copfer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com