On The Merits

著者： Bloomberg Industry Group
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  • On The Merits takes you behind the scenes of the legal world and the inner workings of government. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law firms, legal technology, regulations, and the industry overall. You'll gain insights into how government actions, policies, and legal developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and government officials as they share their perspectives on the forces driving change in law and government.
    © 2025 Bloomberg Industry Group, Inc. All Rights Reserved
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あらすじ・解説

On The Merits takes you behind the scenes of the legal world and the inner workings of government. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law firms, legal technology, regulations, and the industry overall. You'll gain insights into how government actions, policies, and legal developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and government officials as they share their perspectives on the forces driving change in law and government.
© 2025 Bloomberg Industry Group, Inc. All Rights Reserved
政治・政府 経済学
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エピソード
  • Kirkland's Blackstone Connections Pay Off in Big Haul

    Kirkland's Blackstone Connections Pay Off in Big Haul
    2025/03/11
    Kirkland & Ellis, the world's largest law firm by revenue, brought in more than $100 million last year from just one of its clients: Blackstone Inc. That's more than double the amount Kirkland earned from the private equity giant in 2023. The dollar amount itself is eye-popping, but also notable is that we even know this information at all. Blackstone was required to disclose the payments in investor filings late last month because a Kirkland partner, Reg Brown, sits on its board. On this episode of our podcast, On The Merits, we talk with Bloomberg Law's Brian Baxter about what Kirkland has been doing for Blackstone, the strong professional and personal ties between the two companies, and what the massive fees tally means for the law firm that typically handle's most of Blackstone's business, Wall Street's Simpson, Thacher & Bartlett. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    13 分
  • How the Anti-Bribery Law Pause Will Impact Companies and Big Law

    How the Anti-Bribery Law Pause Will Impact Companies and Big Law
    2025/03/06
    The Foreign Corrupt Practices Act has been a mainstay of corporate culture for the last quarter-century, and has cost companies millions, sometimes even billions, of dollars in fines. And that’s before you start counting the lawyers’ fees. This law, used to prevent US businesses from engaging in bribery to win foreign business, has seen a major uptick in enforcement over the last 25 years. And, over that period, it has become a major revenue driver for elite law firms. Some say that the law keeps companies honest, and actually benefits corporations by providing them a shield for responding to requests for bribes. But last month President Donald Trump said the law “sounds good on paper but in practicality, it’s a disaster.” Trump signed an executive order pausing the initiation of new investigations for 180 days and meanwhile ordering the AG to issue updated guidelines. On the latest episode of On The Merits, leading FCPA practitioner, Martin Weinstein, the chair of Cadwalader’s compliance, investigations & enforcement practice, talks about the impacts of a law he calls the “greatest tariff in the US Code” and what it could mean for business if enforcement winds down. And Bloomberg Law reporter Roy Strom discusses the impact on large law firms, which have built premier practices focusing on this law. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    21 分
  • 'Dirt Lawyers' to Megadeals: How Houston Became Big Law Hot Spot

    'Dirt Lawyers' to Megadeals: How Houston Became Big Law Hot Spot
    2025/03/04
    Houston's legal market wasn't always one of the most competitive arenas in Big Law. But today, 14 of the 15 largest law firms by revenue have an office in Space City. The market's growth has mirrored the explosion of the country's energy industry over the past decade or so. And the competition among law firms continues to evolve, as the biggest firms fight for their share of a market once dominated by local firms. On this episode of On the Merits, Bloomberg Law’s Roy Strom spoke with Nick Dhesi, the managing partner of Latham & Watkins' Houston office, which is credited as the first to truly crack the once-insular market. Latham in February celebrated its 15th year in Houston. The firm has more than 120 lawyers in the city, the fifth-largest presence among the 100 largest firms by revenue, according to Leopard Solutions. Other firms, such as Kirkland & Ellis, Sidley Austin, Simpson Thacher & Bartlett, and Gibson Dunn & Crutcher, have piled into the market, lured by its dominant oil and gas scene. Just last year, Paul Weiss made an unsuccessful effort to open in Houston, Bloomberg Law reported, which included an attempt to poach from Latham. Latham, the second-largest firm by revenue, now has a roughly $2 billion energy and infrastructure practice, led by Houston partner Justin Stolte. In the podcast, Dhesi talks about Latham's main competitors now, what a "dirt lawyer" is, and how the Texas legal market will respond to an economy that's branching out of the traditional oil and gas deals that powered its growth. He also discusses how the Houston and Dallas legal markets are different, and what Texas law schools have been doing to supply more high-caliber lawyers to all the top firms clamoring for talent in the state. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.
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    20 分

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