"2023-2024: Biglaw Firms' Success and Rankings Revealed"
A Biglaw firm experienced a significant increase in its revenue per lawyer in 2023, with a staggering 82.58% rise, largely attributed to its lawsuit against Fox News.
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"Top Biglaw Firm Wins Law Firm of the Year, Secures Grand Prize"
King & Spalding has been named Law Firm of the Year by the American Lawyer, with Holland & Knight receiving a highly commended mention. The award recognizes law firms that have excelled in their service offerings and demonstrated commitment to areas such as pro bono work, diversity, and innovation in legal services. Other finalists included Husch Blackwell, O’Melveny & Myers, Quinn Emanuel Urquhart & Sullivan, Skadden, Arps, Slate, Meagher & Flom, Spencer Fane, and Susman Godfrey.
"Former Gibson Dunn Attorney Faces Insider Trading Charges"
A former attorney at the top 10 Biglaw firm, Gibson Dunn, has been charged with insider trading. Romero Cabral Da Costa Neto, a visiting attorney from Brazil, allegedly accessed confidential client information from within the firm's internal filing system to make trades ahead of a major pharmaceutical M&A deal. He purchased over 10,000 shares of CTI BioPharma Corp before the deal was publicly announced and reportedly made a profit of over $42,000. Costa also accessed other nonpublic deal information and traded on that information as well. Gibson Dunn is cooperating with authorities and has terminated its relationship with Costa.
Lobbying Firms Thrive Amidst Uncertainty and Banking Crisis
A Biglaw firm has been generating significant revenue through its lobbying efforts, earning $15.7 million in lobbying fees in the second quarter and $15.8 million in the first quarter of 2023.