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Wake Up Call: Proskauer Revenues, Profit Up by Double Digits

Feb. 2, 2022, 1:39 PM

In today’s column, students’ lawsuits seeking pandemic tuition refunds are headed for appeals courts; a Denver-based supersonic aircraft company planning to open a manufacturing facility in North Carolina hired its first chief legal officer; legaltech company BigHand acquired rival Iridium Technology.

  • Leading off, New York-based Proskauer Rose came back from a revenue decline in 2020 to post an 18% gain in gross revenues to $1.17 billion in 2021. Profits per equity partner jumped 21% to $3.51 million. The 710-plus lawyer firm said its London office, transactions, litigation, and labor and employment were “really strong,” according to a report based on early data. ( American Lawyer)
  • Universities are closely watching appeals-court-bound lawsuits over students’ demands for Covid-19 tuition refunds. (National Law Journal)
  • After two years of working from home because of the pandemic, some lawyers are reluctant to return to the office because they don’t want to be separated from their pets. (ABAJournal)

Lawyers, Law Firms

  • King & Spalding is defending Netflix against an 80-year-old chess grand master’s claims that she was defamed by the streaming giant’s hit show “The Queen’s Gambit.” (Law.com)
  • Washington-based legal recruiter Dan Binstock says he can play a tune on the piano after hearing it once. Videos of him playing piano have gotten around 37 million views on TikTok. (National Law Journal)

Laterals, Moves, In-house

  • Carlton Fields added two trial lawyers to its securities litigation and Securities and Exchange Commission enforcement defense practice. Big Law veteran Thomas V. Sjoblom, a former SEC assistant chief litigation counsel and special assistant U.S. attorney, joins as a shareholder in Washington. Associate Austin L. Jackson joins in Los Angeles; Blank Rome added a team of three partners to its corporate, M&A, and securities group in New York from Gracin & Marlow: Leslie Marlow, Hank Gracin, and Patrick Egan. They arrive with two paralegals; Reed Smith hired Haynes and Boone insurance recovery partner Steve Raptis as counsel in Washington; Nelson Mullins said it added nine product liability partners in Dallas from Bowman and Brooke as part of an expansion of its national litigation practice. (NelsonMullins.com)
  • Norton Rose Fulbright added intellectual property and technology litigator Yitai Hu, a former partner at Wilson Sonsini and other Big Law firms, as a partner in San Francisco; Willkie Farr & Gallagher snagged IP litigator Barrington Dyer from Polsinelli as a partner in San Francisco; management-side worklaw firm Littler appointed Kristy Peters and Andrea Lovell as office managing shareholders of its Phoenix location. They’re taking over from Shawn Oller, who stepped down after about eight years in the role to focus on his practice. (Littler.com)
  • Jones Walker grabbed Bradley Arant litigator Clarence Webster as a partner in Jackson, Miss.; Greenspoon Marder added three corporate & business attorneys. A former in-house leader at Playa Hotels & Resorts, David Camhi, who spent time as an associate at Baker McKenzie and Sidley, joins as partner in Fort Lauderdale. Big Law veteran Bryce Linsenmayer joins as partner and Penny Linsenmayer as of counsel in Houston from Taylor English Duma. (GMLaw.com)
  • Denver-based supersonic aircraft company Boom Supersonic hired Washington-based Rich Harris, former top lawyer at British satellite telecommunications company Inmarsat, as its first chief legal officer; the Federal Communications Commission appointed its acting general counsel, Michele Ellison, to permanent GC; True Fit Corporation, a Boston-based tech platform for apparel and footwear retailers, hired its outside counsel, Boulder-based Holland & Hart partner Tracy Gray, as its first-ever general counsel; Thunder Road Films and game1 hired Ziffren Brittenham partner Eric Sherman as chief legal officer & general counsel, based in Los Angeles. (Deadline)

Promotions

  • Effective Feb. 1, Foley & Lardner elected 20 lawyers to partner across 11 U.S. offices; Nixon Peabody elevated 14 attorneys to partner; Saul Ewing elected two associates to counsel. (Saul.com)

Technology

  • London-headquartered legaltech company BigHand acquired U.S.-based rival Iridium Technology in a deal BigHand says combines their complimentary tools for helping law firms manage financial and operational data. (BigHand.com)

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