Bloomberg Law
Business & Practice

Big Law Confronts Tail Risk Threat to Private Equity Bankruptcy

Big Law partners are looking at a ruling that sent shock waves through the bankruptcy world as a lesson rather than a serious threat to their model of representing both private equity sponsors and their distressed portfolio companies.

Biden Calls for Strict New Limits on Supreme Court Justices

President Joe Biden will call for lawmakers to pass new binding ethics rules and term limits for Supreme Court justices on Monday as part of a sweeping proposal that would fundamentally alter the US’s top court.

Davis Polk Poaches Simpson Thacher Funds Partner Healey in DC

Davis Polk & Wardwell boosted its investment management practice with a hire from Simpson Thacher & Bartlett, the firm said Monday.

AmEx, Girardi Keese Bankruptcy Trustee Settle Stolen Money Suit

American Express has settled for $3 million claims brought by a bankruptcy trustee that it enabled the defunct Girardi Keese law firm to siphon $50.25 million in fraudulent transfers as part of the insolvent firm’s scheme to cheat creditors.

Latest Stories

Banque Havilland Begins Closure of Swiss and Liechtenstein Units

Banque Havilland SA, a private bank owned by the family of close friends of the disgraced British royal Prince Andrew, has begun the process of closing its operations in Liechtenstein and Switzerland, days after being told by the European Central Bank that it would lose a key license.

Big Law's Big Paychecks: Partner Compensation, Explained

Law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Whether it's equity or non-equity or merit versus lockstep, this video explains what goes into determining the size of those paychecks at elite law firms.

From Across Bloomberg Law

Crypto NewsEnvironmental, Social & Governance (ESG)Privacy & Data Security Law NewsThe United States Law Week
  • Crypto News
  • Environmental, Social & Governance (ESG)
  • Privacy & Data Security Law News
  • The United States Law Week

War in Ukraine and Life-or-Death Choices for Big Law

Big Law's Addiction to 'Prestige' Numbed by Pandemic (Podcast)

Want to Diversify Big Law's Pipeline? Start With Law Schools

Can Big Law Get It Right for Black Lawyers?