Nimble Trends - 13 February 2018

Here's what's trending: (1) a spike in securities class actions, (2) Jones Day ranked top U.S. Legal "Brand", (3) what are clients looking for in a law firm?, (3) Cyber extortion prevention, and (4) GDPR may be delayed, and more!

Legal Industry Trends

Securities Class Action Lawsuits Were Up by Almost 50% in 2017.  https://biglawbusiness.com/securities-class-actions-up-by-nearly-half-in-2017-reports-find/

EEOC is not seeing a spike in harassment charges since #MeToo.  https://biglawbusiness.com/after-weinstein-no-jump-in-federal-harassment-charges/

Cannabis startup hit with securities class action for selling unregistered securities in connection with its initial coin offering.  https://biglawbusiness.com/ex-miss-iowas-70m-pot-ico-hit-with-securities-class-action/

Jones Day ranked top U.S. legal “brand”.  https://www.law.com/americanlawyer/sites/americanlawyer/2018/02/12/survey-says-jones-day-skadden-latham-have-other-brands-beat/


Law Firms

Taft has converted from a two-tier partnership to a single tier.  This seems to be an ongoing trend over the last 18 months.  http://www.crainscleveland.com/article/20180201/news/150576/taft-converts-two-tier-partnership-system-single-unified-structure

What to do with retiring partners?  https://www.thelawyer.com/uk-firms-failing-retiring-partners-say/?cmpid=tlmgt_4667677&utm_medium=email&utm_source=newsletter&utm_campaign=tlmgt&adg=6248D1B6-053B-4E66-8BBD-088D68C3D87A

Being approachable, pragmatic, and passionate was more important to clients than a storied history for this 150 year-old BigLaw firm.  https://biglawbusiness.com/shearman-stearling-spent-three-years-on-its-re-branding/

A former client has 100 million pound professional negligence claim against Eversheds Sutherland.  https://www.thelawyer.com/eversheds-100m-professional-negligence-claim-reach-high-court/?cmpid=dnews_4717532&utm_medium=email&utm_source=newsletter&utm_campaign=dnews&adg=6248D1B6-053B-4E66-8BBD-088D68C3D87A

In-house lawyers can be very valuable additions to law firms.  https://www.law.com/corpcounsel/sites/corpcounsel/2018/02/09/tips-on-transforming-a-legal-career-from-inside-out/

Law Departments

JP Morgan’s former General Counsel is heading to BigLaw as a partner.  https://biglawbusiness.com/top-jpmorgan-lawyer-joins-simpson-thacher/

AirBnb’s General Counsel has been named Chief Operating Officer.  https://www.bloomberg.com/news/articles/2018-02-01/airbnb-cfo-departs-amid-tensions-leaving-ipo-timeline-unclear

Walmart is looking for a new General Counsel  https://www.law.com/corpcounsel/

Legal Technology

What Lawyers Should Know about Initial Coin Offerings.  https://biglawbusiness.com/the-year-of-financing-blockchain-dangerously/

A call for LegalTech conferences to be more innovative.  https://abovethelaw.com/2018/02/alt-legal-a-conference-about-innovation-should-be-a-more-innovative-conference/

Cyber Security

Some good tips for preventing Cyber Extortion.  https://www.law.com/corpcounsel/sites/corpcounsel/2018/02/12/021218hhstips/

Data Privacy

GDPR Enforcement may be delayed.  https://www.bna.com/eu-countries-drag-n73014474748/

GDPR is an Opportunity for companies to evaluate how they are using data.  https://www.law.com/corpcounsel/sites/corpcounsel/2018/02/01/blackberry-counsel-on-readying-for-the-gdpr-and-finding-the-upside/

Compliance

Abercrombie to pay $25 million for requiring staff to wear Abercrombie apparel.  https://www.bna.com/abercrombie-agrees-pay-n73014474782/

Diversity and Inclusion

Board Diversity a Key Issue in 2018.  https://biglawbusiness.com/board-makeup-top-issue-for-investors-in-year-ahead-survey-shows/