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Rory Leraris is at least the fourth Cravath partner who Davis Polk has hired in the last few years.        

Since the financial crisis of 2007-2008, “market power shifted decisively from law firms to the clients, rapidly moving from a sellers’ to a buyers’ market for legal services,” a new report from Thomson Reuters and Georgetown Law says.        

Rivals, consultants and ex-Linklaters partners share views on the firm’s recent US expansion and whether it could finally see the firm compete, or highlights a wider challenge facing UK-founded firms in the US.        

The news and analysis you need to start your day.        

While the Kaplan survey found that, almost universally, law schools say that diversity is important to administrators and students alike, one admissions officer who participated warned that the court’s decision will have a “chilling effect on applications.”        

Slaughter and May recently formalized a reduced-hours trial, but American firms have typically reserved such accommodations for people with extenuating circumstances.        

In a Jan. 10 letter, U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey asked the Federal Committee on Rules of Practice and Procedure to change a rule that prohibits bankruptcy judges from appointing special masters.        

While not tracking origination credits may carry some risks, Covington partners argue the pay model is at the heart of the firm’s team-based approach in client work and has helped in attracting laterals.        

It’s one thing to prioritize “better business” over “more business,” but the real challenge is identifying what that “better business” looks like.        

The MLB team attempted to route the matter through litigation, claiming a photographer who was injured at Wrigley agreed to a mandatory arbitration provision through use of his media credential to enter the field.