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December 18, 2023 | The American Lawyer

Proskauer Layoffs Underscore String of Big Law Cuts in 2023

The firm's moves are consistent with a slew of large law firms making staff and associate cuts in 2023, as firms focused on efficiency, outsourcing and productivity in a year of declining demand.
8 minute read
December 14, 2023 | Law.com

The Law Firm Disrupted: Making A Low(er) Risk Bet on Gen AI

Applying the rising technology to client-facing work may be a fraught discussion, but firms can look to incorporate it in other areas of their operations.
4 minute read
December 08, 2023 | Law.com

Associates at UK Firm Slaughter and May Say Pro Bono 'Just Isn't Worth My Time'

The associates say they work long hours just to do their regular work and that there's no time for hours on pro bono.
3 minute read
Saba Capital CEF Opportunities 1 LLC v. Nuveen Floating Rate Income Fund
Publication Date: 2023-12-08
Practice Area: Securities Litigation
Industry: Investments and Investment Advisory
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Richard C. Wesley
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Jacob W. Buchdahl, Susman Godfrey LLP, New York, NY, on the brief, Mark P. Musico, Susman Godfrey LLP, New York, NY.
For defendant: For Defendants-Appellants Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, and Nuveen Senior Income Fund: Parker Rider-Longmaid, Kyser Blakely, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC; Scott Musoff, Boris Bershteyn, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY; Eben Colby, Emily Jennings, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA, on the Brief, Shay Dvoretzky, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC. For Defendants-Appellants Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff, Robert L. Young, and Matthew Thornton III, in their capacity as Trustees of the Nuveen Trusts: Robert A. Skinner, Douglas Hallward-Driemeier, Amy D. Roy, Ropes & Gray LLP, Boston, MA. For Amicus Curiae The Investment Company Institute in Support of Defendants-Appellants: Susan Olson, Dorothy Donohue, Kenneth Fang, The Investment Company Institute, Washington, DC; Steven A. Engel, David A. Kotler, Michael H. McGinley, Dechert LLP, New York, NY. For Amicus Curiae Bulldog Investors, LLP in Support of Plaintiffs-Appellees: Aaron T. Morris, Andrew W. Robertson, Morris Kandinov LLP, New York, NY.
Case number: 22-407

Firm's Bylaws Amendment Violates ICA as Restriction on Shareholders, Not on Shares

December 07, 2023 | The Legal Intelligencer

Transactional Turbulence Made 2022 a Mixed Bag for Pennsylvania Firms

Dips in transactional work translated into a mixed-bag of financial results for Pennsylvania's Am Law 200 firms in 2022, as they returned to reality after 2021's glut of hiring, transactional work, and revenue increases.
7 minute read
Law Journal Press | Digital Book District of Columbia Legal Malpractice Law 2024 Authors: Shari L. Klevens, Alanna G. Clair View this Book

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December 01, 2023 | National Law Journal

Covington Matches Latest Salary Scale for Associates

While Covington may be one of the first D.C. firms to match, other profitable firms in the capital region are likely to follow.
2 minute read
November 30, 2023 | Law.com

The Salary Wars That Almost Didn't Happen

Just when it seemed Milbank's shot over the bow with associate salary hikes would go unanswered, the market has finally responded, and with increased firepower.
7 minute read
November 30, 2023 | The American Lawyer

Kirkland, Quinn, Davis Polk, Wachtell and Sidley Line Up to Match Cravath Salary Scale

Quinn Emanuel, which is matching the latest base salary scale and bonuses, is expecting profits to increase more than 20% this year.
5 minute read
November 30, 2023 | Law.com

What Big Law's Entry Into Emerging Markets Does to Rates, Salaries: The Morning Minute

The news and analysis you need to start your day.
4 minute read
November 29, 2023 | The Legal Intelligencer

Dechert Matches Wall Street Scale for Associate Base Comp

Other Am Law 50 firms with roots in Pennsylvania did not respond to inquiries about whether they'd also be raising associate salaries.
4 minute read

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