The global values revolution has reached beyond corporations and non-profits to the law firm. DAVIS POLK TODAY, BEFORE THAT MAYER BROWN Today, the Asia chairperson of Davis Polk Martin Rogers didn't speak, as originally scheduled, at a Hong Kong forum on the national security law. As the Hong Kong Free Press reports, the law firm had been hammered for planning to participate in what was perceived as supporting a violation of human rights. Earlier, Mayer Brown also had been a target of global censure for representing Hong Kong University in its initiative to remove the Tiananmen Square memorial. It went through the wringer. A MAJOR MEDIA STORY So, it's no surprise that what lawyers at major law firms are doing for social justice is receiving sustained media attention. An example are the partners and chairperson at Paul Weiss. LORETTA LYNCH AT HARVARD LAW SCHOOL COMMENCEMENT As Reuters Legal reports, in delivering the commencement speech at Harvard Law School, Paul We...
Mergers, as all of us know, can be brutal on the manpower. Common is being designated as "redundant." Also, the whole category of a kind of job can disappear. That's exactly what's playing out in the UK as BLM merges into Clyde & Co. RollonFriday reports that at the new entity there is no role which is compatible with the present job of salaried partner at BLM. At BLM there are about 140 salaried partners, as well as 40 to 50 equity ones. The function of Clyde & Co. salaried partner is different. The deal will be done on July 1st. So, the major challenge for current BLM salaried partners is to apply, if they want to stay in that game, for opportunities at Clyde & Co. There are several options. One is become what is called "Legal Director." Mergers are a monster to navigate even in the situations which can be favorable to employees, at least some of them. The latter can land a big break. This particular one seems like a horror. Of course, it i...
"...the sense of a new regulatory era [is playing out] ... despite the lack of a complete ESG rulebook in the US." - Bloomberg, June 12, 2022. Targeted have been Big Operators in ESG Investments. They include Deutsche Bank's DWS Group and Goldman Sachs' asset-management unit. Currently the SEC is still in the process of hammering out the regulatory framework. Recently, for example, it put out there for comment proposed Amendements to Form ADV for Investment Advisers ESG Practices. Here is Law and More's analysis of that. In addition, here is Paul Weiss' Client Memorandum on what are the key issues which Investment Advisers should be zeroing in on now. That Wall Street firm is chaired by Brad Karp who made his brandname defending Citigroup. Already the Bank of New York Mellon has gotten nailed about how it allegedly positioned and packaged statements about ESG quality review. It ponied up to the SEC a $1.5 million fine to settle. But ...
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