DACA’s Day, JPMorgan Goes Crypto, RBG Art: The Morning Minute
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WHAT WE’RE WATCHING
DACA DOCKET - A federal appeals court in D.C. is set to hear arguments today over the legality of the Trump administration’s decision to wind down the DACA program, which defers deportation for hundreds of thousands of undocumented immigrants who arrived in the U.S. as children. As Ellis Kim reports, Cohen Milstein and Jenner & Block represent the plaintiffs in the case, including the NAACP, Princeton University trustees and Microsoft Corp. Mark Stern, a member of the DOJ’s civil appellate staff, will argue for the government.
GOOD TIMES - Gibson Dunn has basically crushed it for more than two decades. Dan Packel reports that it posted its 23rd straight year of revenue growth, taking in more than $1.8 billion in 2018. It was also the firm’s 22nd consecutive year of profitability, with net income reaching almost $1.1 billion. Along with the near 11 percent growth in revenue, the firm also lifted its profits per equity partner by 3.2 percent to $3.35 million.
WORK AROUND? The ABA today is expected to consider—again—whether its law school accrediting body should strengthen the standard for bar pass rates that law schools must meet to get accredited. Karen Sloan reports the proposal already has been rejected twice by the ABA’s House of Delegates, but the ABA’s accrediting body could adopt the changes—which would require at least 75 percent of a school’s graduates to pass the bar exam within two years of leaving campus—despite the delegates’ thumbs down.
EDITOR’S PICKS
JPMorgan’s New Digital Currency: Will Benefits Outweigh Risks?
Judge: Alex Acosta Broke the Law by Giving Jeffrey Epstein a Sweetheart Deal
An Artist Transforms This RBG Landmark Ruling Into Her Portrait
Beyond a Payout: What to Make of Axiom’s Plans to Go Public
The 10-Minute Workout a Busy Lawyer Can Do (Almost) Anywhere
WHILE YOU WERE SLEEPING
BOUNCE TO BAKER - Significant client conflict issues have prompted London-based international arbitration lawyer Poupak Anjomshoaa to leave Norton Rose Fulbright for Baker Botts, where she joins as a partner. Brenda Sapino Jeffreys reports that Anjomshoaa, who left Norton Rose after only a little more than a year, handles international dispute resolution and arbitrations and cross-border transactions, primarily in the petrochemical industry. Anjomshoaa said she was conflicted out of 95 percent of her work at Norton Rose.
WHAT YOU SAID
“Law firms want to look attractive to clients, so they cloak themselves in blue sky, cutting-edge kind of language. But in reality if you look at whether their business model is sensible to wide-scale adoption of artificial intelligence and whether they make changes ahead of the market, well, you know the answer.”
— TREVOR FAURE, FORMER GLOBAL CLO AT ERNST & YOUNG AND NOW CEO AT CONSULTANCY SMARTER LAW SOLUTIONS IN LONDON.
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