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From: The Am Law Daily from The American Lawyer <theamericanlawyer@alm.com> To: cj Subject: What the U.S. Can Learn From the U.K. Foray Into Nonlawyer Ownership Date: Tue, 25 Feb 2020 11:01:35 +0000 View in Browser The American Lawyer Daily Alert Feb 25, 2020 POWERED BY LAW COM A MESSAGE FROM THE EDITOR The push to deregulate law firm ownership rules is gaining steam. What makes this time around different? And what would changes in the rules mean for law firms, ALSPs, the Big Four, clients and beyond? With access to justice at its core, these efforts have implications for much more, but many law firm leaders aren't concerned or don't know what they'd do with a cash infusion if they got one. Dan Packel and Dylan Jackson dive into all of these angles, with accompanying pieces from our global newsroom on what the U.S. can learn from jurisdictions that have deregulated and what specific policies are being explored in states across the country. — Gina Passarella, Editor-in-Chief, The American Lawyer What the U.S. Can Learn From the U.K. ;2, Foray Into Nonlawyer Ownership The U.K.'s stilted but successful experience offers instructive lessons for a U.S. market on the cusp... Read More EFTA00032307 Beating the Pack on Client Demand, Mayer Brown Boosts Revenue, Profits The firm plans to emphasize U.S. growth in coming years, especially in California and New York. Read More LAW FIRMS - LARGE NEWS Deal Watch: In the Home Stretch for Sprint and T-Mobile By Patrick Smith Now that a key court ruling and reworked deal terms have the mega-deal back on track, here's a look back... Read More REGULATION NEWS From California to D.C., These Are the Proposals for Reforming Law Firm Ownership By Dan Packel EFTA00032308 Change is in the air as five jurisdictions consider new regulations that could affect the entire industry. Read More BAR ASSOCIATIONS ANALYSIS The Fight Over the Future of Law Firm Ownership Has Put an Industry at Odds By Dan Packel I Dylan Jackson As regulators across the country take steps to reform the industry in the name of access to justice ... Read More LAW FIRM MANAGEMENT NEWS Duane Morris Posted Revenue, Profit Gains While Courting Merger By Lizzy McLellan The firm grew revenue 3.8% and profits per equity partner 5.1% amid talks for its recent combination... Read More EFTA00032309 LAW FIRM COMPETITION NEWS Baker Botts Posts Revenue Turnaround After 2-Year Slide By Brenda Sapino Jeffreys Every department at the firm exceeded revenue targets for 2019, managing partner John Martin said. But... Read More LAW FIRM PROFITABILITY NEWS Debevoise Cracks $1B in Revenue in Third Straight Year of Major Growth By Jack Newsham Debevoise managed to increase its profit margin and its leverage in 2019. Read More SAVE THE DATE SuperConference Join Hundreds of General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel! SuperConference taking place on April 28- 29, 2020 in Chicago, IL, delivers the key insights and practical solutions today's EFTA00032310 general counsel need to manage and better leverage C-Suite relationships, prevent/mitigate the risks of a cyber attack, successfully overcome a litigation crisis, do more with fewer resources and MUCH MORE! Learn More RESOURCES How Machine Learning Technology Improves M&A Deal Points Sponsored by: Kira Systems This study demonstrates how to analyze, streamline, and extract meaningful value from your contract database, with specific examples around M&A deal points. Learn More Today: Join Our Analysts and Editors for a Behind-the-Scenes Look at 2020 Trends This live discussion brings together the data with the human intelligence our teams get from the deep ties to our communities. Hear what we expect for 2020. Learn More MORE FROM THE ALM NETWORK Legal Department Leak Leads to Insider Trading Charges Against AIG Employee I Corporate Counsel In two separate, unrelated complaints the SEC is cracking down on misconduct in the legal department... Read More Shearman's Investment Funds Group Leader Moves To Willkie I New York Law Journal New York Law Journal Laura Friedrich, who led Shearman's investment funds group, said clients had reacted positively to her... Read More Ex-Partner of Plaintiffs Securities Firm Alleges Gender Discrimination in New Suit I New York Law Journal EFTA00032311 New York Law Journal Amy Miller, formerly of Levi & Korsinsky, claims she was given smaller bonuses than some of the associates... 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