Wake Up Call: Marty Lipton and the Attack on ‘Woke’ Companies

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of legal industry moves and other news.

Wachtell’s Marty Lipton is updating his guidance on ESG investing and corporate governance amid the rise of attacks on “woke” companies. The gist is the same. “The role of corporations as essential drivers of economic growth is inseparable from the broader societal context in which they operate,” the veteran deals lawyer and firm cofounder writes. (Harvard Law School)

Orrick’s recent layoffs were prompted by the tech industry slowdown, according to CEO Mitch Zuklie. The firm, which cut about 90 lawyers and ...