Wake Up Call: Marty Lipton and the Attack on ‘Woke’ Companies

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of legal industry moves and other news.

Wachtell’s Marty Lipton is updating his guidance on ESG investing and corporate governance amid the rise of attacks on “woke” companies. The gist is the same. “The role of corporations as essential drivers of economic growth is inseparable from the broader societal context in which they operate,” the veteran deals lawyer and firm cofounder writes. (Harvard Law School)

Orrick’s recent layoffs were prompted by the tech industry slowdown, according to CEO Mitch Zuklie. The firm, which cut about 90 lawyers and staff, draws about half of its overall revenue from tech work. “Things haven’t fallen off a cliff, but they haven’t been on fire,” Zulkie said. (Law.com)

OpenAI has doubled its in-house lawyer roster in recent months as the company deals with growing regulatory issues. New additions include lawyers from Microsoft and the Federal Trade Commission. (Corporate Counsel)

Laterals, Moves, In-house

• Tim Clark has joined Freshfields as a part of the global transactions group to lead the global funds practice in New York.
• Bryan Ikegami has joined Winston & Strawn as a member of the transactions department and the private equity practice in Los Angeles.
• Thomas D. Pease has joined Greenberg Traurig as a shareholder with the intellectual property litigation practice in New York.
• Vadim Brusser has joined Sidley Austin as a partner in the antitrust practice in Washington, D.C.
• E. Patrick Gilman has joined Eversheds Sutherland as a partner in Washington, D.C.
• Charles Rosenberg has joined Squire Patton Boggs as a partner in the international dispute resolution practice in Washington, D.C.
• Kimberly Eney has joined the nonprofits and tax-exempt organizations practice group at Loeb & Loeb in San Francisco.
• Rachel O’Brien has joined Ropes & Gray as counsel with the global asset management practice in Washington, D.C.
• Aimee Kircher has joined Gordon & Rees as a partner with the employment law, community association law, and retail and hospitality practice groups in California.