On The Merits

By: Bloomberg Industry Group
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  • Summary

  • On The Merits brings you the biggest stories of the week from Bloomberg Law and Bloomberg Government, coupled with smart interviews and analysis on a variety of legal and government topics. You’ll hear voices and perspectives from across the industry, including reporters, editors, attorneys, legal scholars, and government officials. Host: David Schultz.
    © 2024 Bloomberg Industry Group, Inc. All Rights Reserved
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Episodes
  • Why Texas Business Court Will Struggle to Top Delaware

    Why Texas Business Court Will Struggle to Top Delaware
    Aug 29 2024
    The state of Texas is creating an entirely new corporate law court in an attempt to lure big firms away from Delaware, the current incorporation capital of the world. However, just days before its official opening, there's trouble with the new court's rollout. It's been difficult for the state to find basic physical office space for the Texas business court to operate in. But beyond that, there are also questions about why its judges are serving only short, two-year terms and why, unlike in Delaware, trials will be heard by juries and not by judges with more corporate law expertise. Bloomberg News' Madlin Mekelburg and Bloomberg Law's Ryan Autullo just wrote a story about this trouble and they join this episode of our podcast, On The Merits. The reporters talk about why standing up this new court is a pet project of Texas Governor Greg Abbott (R) and why one of the first litigants to try it out may be Elon Musk. 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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    19 mins
  • Can You Truly Be a Partner If You Don't Have Equity?

    Can You Truly Be a Partner If You Don't Have Equity?
    Aug 27 2024
    The number of non-equity partners has ballooned in recent years, with some data estimating there will soon be more of them at law firms than full partners. But not all of these attorneys are happy with their job classification. There are several ongoing employment lawsuits against firms from non-equity partners who claim they get the worst of both worlds: none of the profit sharing that full partners enjoy, but also no benefits or tax withholding that's standard for most employees. The guest on today's episode of our podcast, On The Merits, says the non-equity partnership can benefit both lawyers and firms—if it's managed well. David Lat, author of the Original Jurisdiction newsletter and a Bloomberg Law columnist, talks about how firms can do make the non equity title work for everyone, and what types of attorneys can benefit. 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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    17 mins
  • Bankruptcy Judge Scandal Still Very Far From Resolved

    Bankruptcy Judge Scandal Still Very Far From Resolved
    Aug 22 2024
    Almost a year ago, the public first learned that David R. Jones, a now former federal judge, was in a secret, live-in romantic relationship with a partner at a bankruptcy firm that had lots of business in Jones' Houston court. Since then, Jones has stepped down from the bench, but the dust has definitely not settled. The federal bankruptcy monitor is trying to claw back millions in attorneys' fees that the firm, Jackson Walker, collected in cases overseen by Jones. And Jones himself is in more hot water after he sat down for an off-the-record interview with Jackson Walker—without approval from the judge investigating the whole matter. To untangle this messy situation, Bloomberg Law reporter James Nani joins our podcast, On The Merits, and talks about why Jones says he's done nothing wrong and whether Jackson Walker's reputation can come out of this intact. 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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    17 mins
Business & Careers Economics Politics & Government
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