Wake Up Call: Skadden May Lose Another in Talent ‘Bidding War’

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

• Skadden, Arps, Slate, Meagher & Flom is “set to lose” David Hepp, co-head of its financial institutions group, to Paul Weiss after almost a quarter-century at the firm. Rivals “continue to raid” Skadden as corporate lawyers in practices like M&A, private equity, and bankruptcy are at the center of “a bidding war for elite talent that is roiling the world’s most powerful law firms.” (Financial Times)
• For Ajamie LLP, a Houston firm with 11 attorneys, ...