Willkie Farr & Gallagher LLP’s Post

A big thank you to the HLS Forum on Corporate Governance for publishing this piece by my Willkie colleagues and me discussing key themes in SEC Enforcement from this past fiscal year, including increased (and increasing!) utilization of sweeps, the prosecution of “shadow” insider trading, and what changes we may see in SEC activity in our post-Chevron world.

#BusinessLawToday | Month-In-Brief: Securities Law Read: https://ow.ly/F6Sm50SybuX Authors: Karen Z. Liu, Reid & Wise LLC Anna Pinedo, Mayer Brown Thomas White, Retired Partner, WilmerHale Editors: Alan J. Wilson, JD, CPA, WilmerHale Rani Doyle, KPMG US #BusinessLaw #SecuritiesLaw

SEBI: Proposes slew of changes to regulatory framework for Investment Advisers, Research Analysts Read more >> https://buff.ly/3SGNhU1 #LawStreetIndia #LSI #Law #investments #corporatelaws

Erica Hogan and Erin Ward discuss the U.S. Securities and Exchange Commission's newly adopted rules on climate-related disclosures for public companies in this month's Quorum: Insights Into #Corporate Governance, M&A, and #Securities Law newsletter. Read it here: bit.ly/3VQTgIk

The Columbia Law School's Blog on Corporations and the Capital Markets has published a summary of our recent paper in the Strategic Management Journal on how cognitive frame similarity influences the use of good faith provisions in alliance contracts. The summary contains some interesting and perhaps surprising insights for those who negotiate contracts and strategic alliances in the legal and business world. Read the full summary here: 🔗 https://lnkd.in/e4YQkk7p Read the open-access paper here: 🔗 https://lnkd.in/eW2C27v9 Authors: Marvin Hanisch, Lorenz Graf-Vlachy, Carolin Häussler, Andreas König, and Theresa Cho. #StrategicManagement #AllianceContracts #GoodFaith #CognitiveFrameSimilarity

Find key takeaways from the conference in our latest Capital Markets & Securities Law Watch blog post: https://bit.ly/49znGlZ

Really pleased that research from Edwards Gibson's publication of record has once again been featured in the Financial Times, in this excellent article by Suzi Ring “Can Slaughter and May survive London’s US invasion?” The article explores how, in the age of the $20 million US law firm partner hire in London, the UK’s most profitable law firm – and English Big Law’s only remaining “true partnership” (non-LLP) – has so far been able to stave off predations from far more profitable US law firms thanks to its genuinely unique culture.   As we say in the article “the combination of cutting-edge work, [relatively] high profitability and an almost mystically cohesive, homegrown partnership has made Slaughter and May's partners almost impervious to head-hunters.” Indeed, Edwards Gibson estimates that the firm has probably only ever lost three laterals to other firms that it would have preferred to have kept. Slaughter and May benefits from a reputation premium in English law which has traditionally meant that, despite the seemingly studied insouciance of its partners towards winning work, the firm often had first dibs on the most complex and profitable matters around. Nevertheless, as the article points out, there are challenges to the tried and tested model which has continued to see the magic circle firm prioritise its traditional FTSE 100 blue-chip customers over what have become far more lucrative US private equity clients which, at the top end, have increasingly relied on US law firms to advise them. Although Slaughters has recently taken steps to upgrade is private equity offering, the very real risk is that if that more than decade long dynamo of Big Law – private equity – keeps firing, then Slaughter and May’s relative weakness in that space will inevitably diminish its relative profitability and market standing. If that happens, regardless of internal cohesion, history tells us its partners will become somewhat less impervious to headhunt calls!  

In this month's News Update, we launched the 4th edition of our Continuous Disclosure: Listed and Other Disclosing Entities guide.    This updated edition reflects the latest legislative changes, ASX Guidance Note 8 and recent case law. The guide offers valuable insights for Company Officers, Directors and Executives to ensure compliance with disclosure obligations.    Read the article here: https://bit.ly/4happmj

Stay updated on regulatory trends and gain key insights from SEC leaders and industry experts at the Business Law Section’s Federal Regulation of Securities Committee meeting. Held alongside the Corporate Governance and Law & Accounting Committees, this event offers valuable networking and learning opportunities from seasoned professionals. Register: https://ow.ly/xqcs50U5kon #FedRegs #LegalEducation #LLC #BusinessLaw