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The Musk vs. Altman Cage Match

Anyone still upset that the Musk-Zuck cage match got called off will get a chance to witness a tech billionaire standoff with much higher stakes: a Musk-Altman legal battle. Elon Musk sued OpenAI and its co-founders, CEO Sam Altman and President Greg Brockman, yesterday, alleging that they breached the organization’s founding agreement by letting it become too […]

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DLA Piper elects Charles Severs as Managing Partner from 2025

Charles Severs DLA Piper

DLA Piper International has elected Charles Severs as its next Managing Partner, effective 1 January 2025. Following his ten-year tenure as International Managing Partner and Global co-CEO, Simon Levine will step away from the role to lead DLA Piper’s innovation and strategic transformation programme in a new role as Strategic Innovation Partner. Charles joined DLA

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Allen & Overy Welcome Five Finance Lawyers From Milbank Ahead of Shearman Merger

Allen & Overy (A&O) has enlisted a team of five structured finance attorneys based in London, recruited from the American competitor Milbank, in anticipation of its upcoming merger with Shearman & Sterling. The move is a welcome change from the lawyers who have left A&O prior to the Shearman merger, which we recently reported. The

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Slaughter & May’s ‘Best Friends’ Network Faces Changes as US Law Firms Take Center Stage

Slaughter and May’s renowned ‘best friends’ network, known for its tight-knit collaboration among elite European firms, is undergoing a transformation that sees US law firm capability becoming the main cornerstone of global M&A work. Recent trends indicate that these best friends, including BonelliErede, Bredin Prat, De Brauw Blackstone Westbroek, Uría Menéndez, and Hengeler Mueller, are

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Legal Landscape Rejuvenated: Law Firms Achieve Strong Financial Rebound in 2023, Positioning for Success in 2024

global economy growth for Big Law firms

In a remarkable turnaround, law firms have successfully rebounded into profitability, showcasing resilience and strategic adaptability, as highlighted by the Q4 2023 Law Firm Financial Index (LFFI) report from Thomson Reuters Institute. The latest LFFI report illustrates a significant shift for the largest law firms, bouncing back from the Q4 2022 all-time low score to

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