In today’s column, the legal sector has added 35,200 jobs since June 2021, new data show; Akin Gump’s UK junior lawyers got a big pay hike, thanks to the rising dollar; and insurance litigation is on the rise.
- Leading off, struggling crypto lending platform Celsius Network has replaced Akin Gump with Kirkland & Ellis to advise it on its restructuring options, the Wall Street Journal reports. Celsius, which froze withdrawals in June, had hired Akin Gump restructuring attorneys but was reportedly resisting their recommendation to file for Chapter 11 bankruptcy. (WSJ) The problems of Celsius, which is also ...
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