Wake Up Call: Paul Hastings Turns to Goodwin for Latest COO Hire

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Goodwin Procter managing director Chris Davis has taken a job as chief operating officer at Paul Hastings, according to Davis’s LinkedIn profile and a report by American Lawyer. Paul Hastings earlier this year abandoned plans to hire then-Proskauer Rose COO Jonathan O’Brien, O’Brien’s former firm accused him of stealing sensitive data. (LinkedIn.com)
• Strong demand for its bankruptcy, litigation, and finance practices helped Texas-native firm Jackson Walker LLP have another record year in 2022. Its revenues surged 16.3% to $402.3 million, while its average profits per equity partner rose 10.6% to $1.62 million, according to a report based on early data. (Texas Lawyer)
• Slow deal work hit Missouri-founded Stinson’s revenues, down 3.9% to about $273.4 million, and average profits per equity partner, down 8.9% to $833,000. (American Lawyer)
• Law firms are helping power record demand for office space in London. (City A.M.)
• Fenwick & West said corporate partners Cynthia Hess and Katherine Duncan led its team advising Tome, a San Francisco-based storytelling software startup, on its $43 million Series B financing round led by Lightspeed Venture Partners. Former Google CEO Eric Schmidt and Stability AI CEO Emad Mostaque also participated. (Fenwick.com)

Lawyers, Law Firms

• A Florida jury hit a personal injury attorney with a $2.3 million verdict for allegedly stealing clients and poaching employees from his former firm. (Daily Business Review)
• A retired Silicon Valley patent lawyer is asking $2 million for rights to his California vanity license plate that says “CASH.” (Mercury News) (Business Insider)
• Law firms and clients are starting to worry that junior lawyers who got hired during the pandemic didn’t get adequate training. (Law.com)
• Ex-film producer Harvey Weinstein, already in prison on a sexual assault conviction in New York, got sentenced to another 16 years for rape in Los Angeles. (Hollywood Reporter)
• Chicago-based hedge fund management firm AIR Asset Management announced a new partnership with Kerberos Capital Management, a private credit asset management firm specializing in lending to law firms. Air Asset said the partnership will allow it to add a law firm lending-focused allocation to its investment product. (Litigation Finance Journal)

Laterals, Moves, In-house

• Card-issuing platform Marqeta hired former Consumer Financial Protection Bureau enforcement attorney Crystal Sumner as chief legal officer. An O’Melveny & Myers litigator earlier in her career, Sumner arrives from cloud-based banking platform Blend, where she was head of legal, compliance and risk. (Businesswire)
• Gordon & Rees snagged a health care team including partners Diane Webster and Karen V. Nathan, who arrive with an associate from Hinshaw & Culbertson. (GRSM.com)
• Armstrong Teasdale grabbed Baker McKenzie asset management and securities enforcement partner A. Valerie Mirko as partner in Washington to co-lead its securities regulation and litigation practice. She was earlier general counsel of the North American Securities Administrators Association. (ArmstrongTeasdale.com)
• Duane Morris hired real estate attorney Scott Marks as a partner in Austin, Texas. He arrives from Coats Rose, where he was a director. (DuaneMorris.com)
• Debevoise & Plimpton said former Gibson Dunn partner Jeff Sullivan, a London-based international arbitration specialist, will join Debevoise July 1 as a dispute resolutions partner and co-chair of its international arbitration practice in Europe. (Debevoise.com)
• Greenville, South Carolina-based technology services company ScanSource, Inc. hired veteran tech-industry in-house leader Shana Cochrane Smith as senior executive vice president and chief legal officer. A former Fried Frank associate, she arrives after 13 years at mobile communication services provider NII Holding, Inc., where she was top lawyer and executive. (Businesswire)

Promotions

• Orrick Herrington & Sutcliffe promoted 23 attorneys to partner across 11 markets worldwide. (Orrick.com)