Wake Up Call: Paul Weiss Faces $258 Million Malpractice Claim

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

• A New York investment manager is suing Paul Weiss and partner Peter Fisch in Manhattan Supreme Court, accusing them of legal malpractice in a $258 million real estate deal. Paul Weiss called the plaintiff a “serial litigator” of “frivolous” lawsuits. (New York Law Journal)
• DLA Piper is the latest Big Law firm to hike pay for newly licensed junior lawyers in the UK, giving them a 5% raise effective Sept 1. London junior lawyers will get bumped ...