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In a stinging rebuke to ethical back-room deals, an Australian Federal Court has found that Jason Karas, former partner at Lipman Karas (now LK Law), secretly brokered a deal to hand over the firm’s Hong Kong practice to London legal powerhouse Mishcon de Reya. The court ruled that Karas negotiated the deal without informing his co-founder Skip Lipman or disclosing the extent of the transfer. Log in to read more . . - Paul Weiss Recruit Three Sidley Austin Partners in Finance Sector
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Law firms aren’t just trying to out‑pay each other anymore – they’re now in an amenities arms race, turning offices into luxury wellness bunkers so lawyers can bill 80 hours a week and still get their steps in, their hair done and their chakras aligned. The money is still obscene, but the new game is: who can make the golden handcuffs feel most like a spa bracelet. Newly qualified lawyers in London are now pulling up to around £180,000 in their mid‑20s, with top partners into the multi‑million‑dollar level, but the issue for law firms once everyone is paying nose-bleed money is to be the differentiator. Log in to read more . . . - Weil Gotshal’s New Counsel Class Introduced
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In a swift legal pivot, Elon Musk’s X Corp has voluntarily… Read more: Elon Musk’s X Drops $90M Fee Fight Against Wachtell Lipton - Clifford Chance cites AI gains as it axes 10% of London back-office team
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Paul, Weiss continues its London talent-grab, this time hiring Francesca Storey-Harris as a partner in its M&A and Private Equity groups and once again targeting Kirkland & Ellis for the talent. The firm, which has been assembling a transatlantic Avengers squad for months .. . register to read more
Unbelievable catalog of greed and dishonesty