Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.
- Jones Day has reportedly raked in about $107 million in fee revenue in five years using a controversial tactic that lets solvent companies shuffle their mass tort liabilities off to affiliated companies that then file for bankruptcy. The firm had filed four bankruptcies using the so-called Texas two-step method when a federal appeals court ruling in January turned off the music for one of them. Three of the cases are still pending. (American Lawyer)
- UK and US ...