Featured Stories
K&L Gates Advises Silicon Motion on US$1.15 Billion Convertible Senior Notes Offering
PITTSBURGH, Pennsylvania, Aug. 25 -- K&L Gates, a law firm, issued the following news release:
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K&L Gates Advises Silicon Motion on US$1.15 Billion Convertible Senior Notes Offering
Global law firm K&L Gates LLP advised Silicon Motion Technology Corporation (NASDAQ: SIMO) in connection with its Rule 144A offering of $1.15 billion in aggregate principal amount of 0.00% convertible senior notes due 2031. The offering included the exercise in full of the initial purchasers' option to purchase an additional $150 million in aggregate principal amount of notes.
Headquartered in Taiwan, Silicon
... Show Full Article
PITTSBURGH, Pennsylvania, Aug. 25 -- K&L Gates, a law firm, issued the following news release:
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K&L Gates Advises Silicon Motion on US$1.15 Billion Convertible Senior Notes Offering
Global law firm K&L Gates LLP advised Silicon Motion Technology Corporation (NASDAQ: SIMO) in connection with its Rule 144A offering of $1.15 billion in aggregate principal amount of 0.00% convertible senior notes due 2031. The offering included the exercise in full of the initial purchasers' option to purchase an additional $150 million in aggregate principal amount of notes.
Headquartered in Taiwan, SiliconMotion is a leading supplier of NAND flash controllers for solid-state drives and embedded storage applications across a broad range of end markets, including servers, personal computers, smartphones, Internet of Things devices, automotive applications, and other consumer and industrial products.
According to the company, the notes will be senior unsecured obligations and are intended to provide additional financial flexibility and support growth initiatives. Silicon Motion intends to use the net proceeds for general corporate purposes and to repay amounts outstanding under its credit agreement.
The K&L Gates team was led by Taipei partners James Chen and Billy Chen and Nashville partner David Bartz with support from Charlotte partner Coleman Wombwell and Nashville partner Lauren Ammons. Nashville associates Mary Blomquist and Justin Kleckner, Taipei associates Pearl Kuo and Yoting Lin, and Taipei counsel Albert Wang contributed to the deal. Pittsburgh partner Stephen Barge and Pittsburgh associate Vicki Wu also assisted on tax-related matters.
"Silicon Motion has been a valued client of the firm for many years, and we were pleaseed to support the company on this significant capital markets transaction. The offering required close coordination across multiple workstreams and jurisdictions, and reflects Silicon Motion's continued focus on maintaining financial flexibility as it pursues its strategic objectives," said James Chen.
"This successful offering positions Silicon Motion to continue executing its long-term growth strategy. K&L Gates has been a trusted advisor for more than two decades. The team combined deep capital and debt markets experience with a strong understanding of our business objectives, helping us execute the transaction with confidence and efficiency," said Wallace Kou, President and Chief Executive Officer.
K&L Gates' Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and closing of domestic, international, and cross-border transactions.
K&L Gates is a globally integrated law firm trusted by sophisticated clients to deliver market leading legal counsel across jurisdictions and industries. Operating as one firm worldwide, K&L Gates combines deep local insight with seamless global coordination to address clients' most complex legal and business challenges. Guided by a relentless focus on client service, the firm delivers practical, high impact solutions with consistency, efficiency, and a clear emphasis on results.
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URL: Silicon Motion Technology Corporation
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Original text here: https://www.klgates.com/KL-Gates-Advises-Silicon-Motion-on-US115-Billion-Convertible-Senior-Notes-Offering-8-24-2026
[Category: BizLaw/Legal]
Herbert Smith Freehills Kramer Advises Malibu Life Holdings Limited on Landmark Capital Raise - The First Fully Pre-Emptive Main Market Capital Raise to Take Advantage of the New UK Prospectus Regime
NEW YORK, Aug. 25 -- Herbert Smith Freehills Kramer LLP, a law firm, issued the following news:
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Herbert Smith Freehills Kramer advises Malibu Life Holdings Limited on landmark capital raise - the first fully pre-emptive Main Market capital raise to take advantage of the new UK Prospectus Regime
Leading global law firm Herbert Smith Freehills Kramer has advised long-standing London-listed client Malibu Life Holdings Limited (Malibu Life) on its capital raise of $125 million - the first major capital raise taking advantage of the UK's new prospectus regime, which came into force in January
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NEW YORK, Aug. 25 -- Herbert Smith Freehills Kramer LLP, a law firm, issued the following news:
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Herbert Smith Freehills Kramer advises Malibu Life Holdings Limited on landmark capital raise - the first fully pre-emptive Main Market capital raise to take advantage of the new UK Prospectus Regime
Leading global law firm Herbert Smith Freehills Kramer has advised long-standing London-listed client Malibu Life Holdings Limited (Malibu Life) on its capital raise of $125 million - the first major capital raise taking advantage of the UK's new prospectus regime, which came into force in January2026. As the first Main Market pre-emptive offering to be executed under the new framework, which was structured by our leading London ECM team, this raise is expected to help set the template for market practice under the new regime.
Structured as a conditional placing subject to clawback and an open offer to existing shareholders, the equity raise comprises 8.6 million newly issued shares, representing an additional c.50% of Malibu Life's existing issued share capital. The open offer included an excess application facility, allowing qualifying shareholders to apply for additional shares beyond their basic entitlements. The highly innovative structure included publishing a short-form Offering Memorandum as part of the placing and open offer, rather than a full FCA-approved prospectus. This approach enabled a highly compressed timetable whilst enabling access to certain categories of US investors and took full advantage of the UK's new prospectus regime which adopts a more flexible, disclosure-based approach.
Malibu Life is a life and annuity company focused on delivering innovative solutions to retail and institutional clients, formed from the reverse takeover and re-IPO of Third Point Investors Limited and Malibu Life Reinsurance SPC in 2025 on which the Herbert Smith Freehills Kramer team also advised. The transaction is expected to support accelerated strategic growth and facilitate a broader shareholder base with enhanced market liquidity, with a target of delivering mid-teens return on equity for shareholders and scaling to approximately US$11.3 billion of cumulative premiums by 2028 - Malibu Life is a material new London-listed entrant in the US annuity market and is backed by leading private capital sponsor, Third Point.
The Herbert Smith Freehills Kramer team was led by Corporate partners Michael Jacobs and Tim West, together with US securities partner Tom O'Neill and equity capital markets of counsel Thomas Vaughan, US senior associate Megan Gray and associate Emily Travers. This transaction closely follows our work for WH Smith on their recent cash placing, where they raised pound sterling106 million for 20% of issued share capital and for Jefferies and JP Morgan for Big Box Tritax who raised pound sterling350m by way of a cash placing.
Partner Michael Jacobs said: "This is a significant and important transaction not only for Malibu Life and Third Point but for the UK's capital markets as a whole. Malibu Life is a significant new player in the US annuity market and this transaction shows how the London capital markets can rapidly provide the equity funding to allow companies to deliver on their ambitious strategies. Raising over 50% of issued share capital for a Main Market listed company without an FCA-approved prospectus was unthinkable a few years ago - this transaction demonstrates what can be rapidly achieved under the new regime whilst also optimising distribution into the US whilst giving all shareholders the opportunity to participate."
Partner Tim West commented: "Malibu Life's transformation into a fully-fledged life and annuity platform is a compelling story and this capital raise is central to delivering on that ambition. We are proud to have brought the full breadth of our team's expertise and capabilities to bear for a client we have had the privilege of advising for many years."
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URL: Malibu Life Holdings Limited
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Original text here: https://www.hsfkramer.com/news/2026-08/hsf-kramer-advises-malibu-life-holdings-limited-on-landmark-capital-raise-the-first-fully-pre-emptive-main-market-capital-raise
[Category: BizLaw/Legal]
Former FINRA Director Jackie Wells Joins the McGuireWoods Partnership, Further Solidifying the Firm's Securities Enforcement and Regulatory Counseling Practice
RICHMOND, Virginia, Aug. 25 -- McGuireWoods, a law firm, issued the following news release:
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Former FINRA Director Jackie Wells Joins the McGuireWoods Partnership, Further Solidifying the Firm's Securities Enforcement and Regulatory Counseling Practice
McGuireWoods elevated to partner New York counsel Jackie Wells, who came to the firm in 2024 after eight years with the Financial Industry Regulatory Authority's (FINRA) Department of Enforcement, most recently as a director.
The move bolsters the firm's nationally recognized Securities Enforcement & Regulatory Counseling Practice Group.
... Show Full Article
RICHMOND, Virginia, Aug. 25 -- McGuireWoods, a law firm, issued the following news release:
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Former FINRA Director Jackie Wells Joins the McGuireWoods Partnership, Further Solidifying the Firm's Securities Enforcement and Regulatory Counseling Practice
McGuireWoods elevated to partner New York counsel Jackie Wells, who came to the firm in 2024 after eight years with the Financial Industry Regulatory Authority's (FINRA) Department of Enforcement, most recently as a director.
The move bolsters the firm's nationally recognized Securities Enforcement & Regulatory Counseling Practice Group.Wells advises financial institutions, broker-dealers, investment advisers, and other public and private entities and executives in securities regulatory compliance and enforcement matters. She also represents clients in inquiries involving FINRA, the U.S. Securities and Exchange Commission (SEC), and other federal and state regulators.
At FINRA, Wells focused on matters involving market regulation and sales practice issues, including trade reporting, order execution, anti-money laundering programs and Regulation Best Interest.
"Jackie's success in complex securities regulatory and enforcement matters has benefitted clients across the country," said Noreen Kelly, McGuireWoods' deputy managing partner and head of litigation. "We are delighted to have her join the firm's partnership."
"Through her knowledge of investigations and regulators, Jackie guides clients to the best possible results," said Elizabeth Hogan, co-chair of McGuireWoods' Securities Enforcement & Regulatory Counseling Practice Group. "She will continue to be a leader in our group and the firm."
Anchored by former SEC and FINRA attorneys and federal prosecutors, McGuireWoods manages securities investigations at every stage -- from informal inquiries and routine exams through investigations, litigation and appeals -- while staying at the forefront of developing issues confronting the industry.
"It's inspiring to work alongside colleagues every day who are committed to our clients and our firm values. I look forward to continuing to provide innovative and business-focused counsel with this group of incredibly talented lawyers," Wells said.
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Original text here: https://www.mcguirewoods.com/news/press-releases/2026/8/former-finra-director-jackie-wells-joins-the-mcguirewoods-partnership-further-solidifying-the-firms-securities-enforcement-and-regulatory-counseling-practice/
[Category: BizLaw/Legal]
Fisher Phillips Issues Insight: OFCCP Dismantles Decades of Federal Contractor Affirmative Action Requirements - Your Guide and Next Steps
ATLANTA, Georgia, Aug. 25 -- Fisher Phillips, a law firm, issued the following Insight on Aug. 24, 2026:
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OFCCP Dismantles Decades of Federal Contractor Affirmative Action Requirements: Your Guide and Next Steps
Federal officials just finalized three separate rules that impact compliance obligations for federal contractors' affirmative action and reporting requirements federal contractors have followed for decades. The Office of Federal Contract Compliance Programs (OFCCP) initially proposed these rules last summer and just published final versions of them in the Federal Register on Friday,
... Show Full Article
ATLANTA, Georgia, Aug. 25 -- Fisher Phillips, a law firm, issued the following Insight on Aug. 24, 2026:
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OFCCP Dismantles Decades of Federal Contractor Affirmative Action Requirements: Your Guide and Next Steps
Federal officials just finalized three separate rules that impact compliance obligations for federal contractors' affirmative action and reporting requirements federal contractors have followed for decades. The Office of Federal Contract Compliance Programs (OFCCP) initially proposed these rules last summer and just published final versions of them in the Federal Register on Friday,and together they will impact nearly every federal contractor and subcontractor in the country - an estimated 118,000 businesses employing roughly one-fifth of the US workforce. One sweeping rule wipes out an entire regulatory framework, another strips out data collection obligations, and the third is mostly a legal cleanup job. Here's what each rule does, when it takes effect, and what you should be doing about it right now.
The Big One: E.O. 11246 Regulations Will Soon Be Gone
The most sweeping rule of the three tears out the regulatory framework built around Executive Order 11246, the 1965 order that required federal contractors to maintain written affirmative action plans (AAPs) addressing race and sex. President Trump revoked E.O. 11246 back in January 2025, and this rule completes the job by formally rescinding the regulations that implemented it. This includes the placement goals for nonconstruction contractors, the participation goals for construction contractors, and the cross-reference incorporating the Uniform Guidelines on Employee Selection Procedures (UGESP) into this framework.
Despite its sweeping nature, at this point, the removal of these regulations is largely perfunctory since Executive Order 11246 was revoked in January 2025 and federal contractors were to "wind down" their efforts to comply with the Executive Order and its applicable regulations by April 2025.
Effective date: October 26, 2026.
Technical details: The rule's legal rationale leans heavily on the "major questions doctrine," arguing the old regulations rested on a scope of authority Congress never clearly granted. The agency estimates this rescission will eliminate nearly 9.9 million hours of annual compliance burden, worth close to $1 billion a year.
Section 503: Core Obligations Stay, the Paperwork Behind Them Doesn't
The second rule modifies the regulations implementing Section 503 of the Rehabilitation Act, which covers contractors' obligations toward employees and applicants with disabilities. Gone are the mandatory disability self-identification invitation (the familiar CC-305 form), the 7% workforce utilization goal for individuals with disabilities, and the data collection requirements tied to measuring progress against that goal.
What survives is the annual AAP requirement, the reasonable accommodation obligations, the underlying nondiscrimination protections, and the duty to document and assess the effectiveness of outreach and recruitment efforts.
Effective dates: There are two effective dates to track with this rule.
* The substantive changes (eliminating the self-ID invitation and utilization goal) take effect 30 days after publication, or September 21, 2026.
* But the removal of the shared administrative enforcement procedures (formerly at 41 CFR part 60-30) is delayed until 120 days after publication, or December 21, 2026, to avoid a gap while those procedures get folded directly into the Section 503 regulations.
* The rule also makes a technical revision to reflect an inflation adjustment that bumped the basic coverage threshold for Section 503 from $15,000 to $20,000 effective October 1, 2025.
Technical details: The agency's central legal argument is that requiring employers to ask about disability status, even if framed as "voluntary," conflicts with the Americans with Disabilities Act's restrictions on disability-related inquiries, particularly at the pre-offer stage.
VEVRAA: Mostly Legal Housekeeping
The third rule, covering the Vietnam Era Veterans' Readjustment Assistance Act (VEVRAA), doesn't go as far. It removes cross-references to the now-defunct E.O. 11246 framework, folds the shared administrative enforcement procedures directly into VEVRAA's own regulations, and updates the jurisdictional coverage threshold from $150,000 to $200,000 to reflect a routine inflation adjustment that took effect October 1, 2025.
Effective date: September 21, 2026.
Technical details: Commenters pushed the agency to go further and drop the show-cause notice process and even the AAP requirement itself. But the OFCCP declined, calling those changes outside the scope of this rulemaking.
What Contractors Should Do Now
Here are four steps you should consider now.
1. Calendar all dates. September 21, October 26, and December 21 each trigger something different. You'll need to track what changes and when.
2. Decide what to do with existing self-ID data. Nothing in these rules prohibits contractors from continuing to maintain and utilize race, sex, or disability data voluntarily disclosed by employees. However, continuing to solicit disability status now runs headlong into the ADA concerns cited in the rulemaking and carries significant risk. Continuing to collect race, sex, and disability data now is an individualized decision that should be made in consultation with employment counsel.
3. Don't lose sight of what's still in force. Title VII, state and local anti-discrimination laws, and the DEI certification clause required under Executive Order 14398 all remain fully applicable regardless of these latest developments.
4. Watch for further guidance and litigation. OFCCP has signaled it will continue issuing compliance assistance materials, and legal challenges are likely given how many objections were raised in the comment process.
Conclusion
We will continue to monitor this area, so make sure you are subscribed to Fisher Phillips' Insight System to get the most up-to-date information. If you have questions about your obligations, contact your Fisher Phillips attorney, the authors of this Insight, or any member of our Government Contracting, Compliance, and Reporting Practice Group.
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Related People
Sheila M. Abron
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803.740.7676
sabron@fisherphillips.com
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Jennifer B. Sandberg
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404.240.4152
jsandberg@fisherphillips.com
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Original text here: https://www.fisherphillips.com/en/insights/insights/ofccp-dismantles-decades-of-federal-contractor-affirmative-action-requirements
[Category: BizLaw/Legal]
Fisher Phillips Issues Insight: Feds Propose New Disclosure Rules for Personalized "Surveillance" Pricing
ATLANTA, Georgia, Aug. 25 -- Fisher Phillips, a law firm, issued the following Insight on Aug. 24, 2026:
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Feds Propose New Disclosure Rules for Personalized "Surveillance" Pricing; Businesses Can Comment by Sept 18
The Federal Trade Commission just proposed a new policy that would require businesses to tell customers when they're being charged a different price than someone else for the same product based on that customer's personal data. The proposal, released August 19, targets what the FTC calls personalized pricing (the same practice often referred to as "surveillance" pricing), and
... Show Full Article
ATLANTA, Georgia, Aug. 25 -- Fisher Phillips, a law firm, issued the following Insight on Aug. 24, 2026:
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Feds Propose New Disclosure Rules for Personalized "Surveillance" Pricing; Businesses Can Comment by Sept 18
The Federal Trade Commission just proposed a new policy that would require businesses to tell customers when they're being charged a different price than someone else for the same product based on that customer's personal data. The proposal, released August 19, targets what the FTC calls personalized pricing (the same practice often referred to as "surveillance" pricing), andgives the public until September 18 to weigh in before it's finalized. For businesses in retail, delivery, hospitality, and e-commerce that already use dynamic or algorithm-driven pricing, the proposal explains exactly what FTC agents will look for during any investigation. What do you need to know - and do?
What the FTC is Proposing
The Commission's August 19 announcement acknowledges it lacks authority to prohibit personalized pricing across the board. Companies often offer varied pricing by consumer for legitimate reasons. These include insurance premiums that reflect individual risk, loan rates that reflect creditworthiness, and rideshare fares that shift with local supply and demand. But the FTC says the sheer volume of data companies now collect on individuals allows them to change the price on the shelf or the screen based on other factors unique to each consumer.
The FTC's position is that businesses using personalized pricing should clearly and conspicuously disclose three things:
* that the price is personalized
* the basis for the personalization, and
* the types of data used to set it
The Commission says that failing to do so likely constitutes an unfair or deceptive practice under Section 5 of the FTC Act.
FTC: "Special Price" Language Won't Be Enough
The proposed statement says you can't just tell a shopper they've received a "specially selected" or "personalized" price and nothing more without running afoul of the law. The agency said it would treat that as likely misleading because it omits the information a consumer would need to act on it.
By contrast, the FTC offers an example of adequate disclosure. If you accurately and completely tell a consumer that a price is based on their purchase history with your business, that would pass the agency's muster.
2 Legal Theories
The FTC says it will pursue personalized pricing issues under both of its core Section 5 theories:
* Deception. Representing or implying that a price is static or generally available when it's actually personalized, or misleading consumers about the basis or effect of that personalization, can support a deception claim.
* Unfairness. Even without an affirmative misrepresentation, concealing that a price is personalized can be unfair if it prevents consumers from taking steps to avoid a higher price, such as comparison shopping, using a different browser or device, or correcting inaccurate data being used against them.
The statement also notes that certain data handling practices related to personalized pricing could be within the FTC's sights for another reason. If you collect, use, or share consumer data to help fuel a personalized pricing model without adequate disclosure or consent, you could be separately violating the FTC Act's Section 5.
Examples of Potential Violations
The FTC's proposal includes a list of illustrative scenarios that would raise Section 5 concerns. Among the examples:
* a food delivery company charging more to consumers it believes are less able to leave their homes;
* a grocery chain charging more for delivered milk because data shows children live in the household;
* a hotel charging more because it infers a guest is traveling for a funeral; and
* a retailer raising a price when data shows the shopper is currently browsing from inside one of its own physical stores.
What Should You Do?
If your business is in retail, hospitality, delivery, ride-hailing, or e-commerce generally and you use dynamic, algorithmic, or data-driven pricing, consider taking these steps now:
1. Inventory your pricing models. Identify every place where price, discount, or fee amounts can vary based on data tied to an individual consumer, rather than a broad segment or a neutral factor like time or location.
2. Audit your disclosures. Compare existing consumer-facing language against the FTC's three-part standard: does it say the price is personalized, why, and what data was used? Generic "prices may vary" language probably won't be enough.
3. Trace your data consent chain. Confirm that any personal data feeding a pricing model was collected with sufficient disclosure and consent.
4. Watch how this interacts with your CIPA and surveillance pricing exposure. The data collection practices that power personalized pricing are the same practices driving the wave of digital wiretapping and surveillance pricing litigation we've been tracking.
5. Monitor federal and state legislative activity. We recently created an overview about legislative proposals across the country related to surveillance pricing. Take a look here and make sure you are tracking any laws that could impact your business.
6. Submit a comment before September 18. The FTC is accepting public comment on the proposed statement, and this is your opportunity to shape a finalized disclosure standard. Reach out to your Fisher Phillips attorney or our FP Gov Team for guidance on participating in the process.
Conclusion
Fisher Phillips will continue to monitor developments in this area. Make sure you are subscribed to Fisher Phillips' Insight System to get the most up-to-date information directly to your inbox. For further information, contact your Fisher Phillips attorney, the authors of this Insight, or anyone on our Privacy and Cyber Team.
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Original text here: https://www.fisherphillips.com/en/insights/insights/feds-propose-new-disclosure-rules-for-personalized-surveillance-pricing
[Category: BizLaw/Legal]
Alston & Bird Selects Bill Jordan as Managing Partner
ATLANTA, Georgia, Aug. 25 -- Alston and Bird, a law firm, issued the following news release:
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Alston & Bird Selects Bill Jordan as Managing Partner
Alston & Bird today announced that its partners have selected William H. ("Bill") Jordan to serve as the global law firm's Managing Partner starting in January 2027. Bill succeeds Richard Hays, who has served in the role since 2008 and decided last year to transition out of the role in January 2027.
"I'm proud of all that we have accomplished over the past 18 years, and I am even more bullish about our firm's future under Bill's leadership,"
... Show Full Article
ATLANTA, Georgia, Aug. 25 -- Alston and Bird, a law firm, issued the following news release:
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Alston & Bird Selects Bill Jordan as Managing Partner
Alston & Bird today announced that its partners have selected William H. ("Bill") Jordan to serve as the global law firm's Managing Partner starting in January 2027. Bill succeeds Richard Hays, who has served in the role since 2008 and decided last year to transition out of the role in January 2027.
"I'm proud of all that we have accomplished over the past 18 years, and I am even more bullish about our firm's future under Bill's leadership,"said Richard. "We have assembled an incredibly talented group of lawyers working with the best clients across industries. Bill brings fresh energy, proven leadership, and commitment to our firm's core values of collaboration and transparent governance."
During Richard's tenure, Alston & Bird was one of only 12 Am Law 50 firms to average double-digit growth in revenue and profitability over the last five years. Since Richard's election as Managing Partner in 2006, the firm has substantially grown in New York, Charlotte, and Washington, D.C. while expanding its geographic footprint by opening four offices in California: Los Angeles, San Francisco, Silicon Valley, and Century City; establishing its European presence in London and Brussels; and entering the Dallas and Chicago markets. The firm also continued to be recognized on the nation's premier list of the "100 Best Companies to Work For" and is the only law firm to receive that recognition for 27 consecutive years.
"I'm honored and humbled to have my colleagues' trust as we build on our legacy and embrace vast opportunities for innovation, including AI and other technology," said Bill. "As we move forward into an exciting new era, we are guided by Alston & Bird's longstanding dedication to excellent client service, deep industry knowledge to solve our clients' most complex legal problems, and seamless collaboration across our practices and offices."
Since joining Alston & Bird after graduating from Emory University School of Law in 1995, Bill has held numerous leadership roles. He currently serves on the firmwide executive management team and co-leads the firm's 400-lawyer Litigation Area. In 2001, Bill was called to government service - taking on a series of senior roles in the U.S. Justice Department's Civil Division and the Associate Attorney General's office, where he supervised litigation and investigations nationwide - before returning to Alston & Bird in 2004. Bill has drawn on his public service experience to represent companies and executives in their most sensitive and important litigation and government investigations, including matters in every federal judicial circuit and across the country. He has worked extensively in health care, technology, and numerous other sectors.
Alston & Bird is a leading international law firm with core practices spanning corporate M&A, finance, and advisory work; complex litigation; intellectual property; and tax. Industry practices include financial services, technology, health care, manufacturing, life sciences, and energy. With a relentless focus on excellence in client service and teamwork, Alston & Bird has built a global reputation for its outstanding culture since its founding in 1893.
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Original text here: https://www.alston.com/en/insights/news/2026/08/bill-jordan-selected-new-managing-partner-2027
[Category: BizLaw/Legal]
Mayer Brown Advises Administrative Agent and Revolving Credit Lender Group on Foundever Group Recapitalization
CHICAGO, Illinois, Aug. 25 [Category: BizLaw/Legal] -- Mayer Brown, a law firm, issued the following news:
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Mayer Brown Advises Administrative Agent and Revolving Credit Lender Group on Foundever Group Recapitalization
A cross-border Mayer Brown team advised the administrative agent and the revolving credit lender group in connection with a debt restructuring and recapitalization transaction of Foundever Group, a global integrated customer experience, digital operations and analytics services provider.
The transaction included, among other aspects, an extension of Foundever's revolving
... Show Full Article
CHICAGO, Illinois, Aug. 25 [Category: BizLaw/Legal] -- Mayer Brown, a law firm, issued the following news:
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Mayer Brown Advises Administrative Agent and Revolving Credit Lender Group on Foundever Group Recapitalization
A cross-border Mayer Brown team advised the administrative agent and the revolving credit lender group in connection with a debt restructuring and recapitalization transaction of Foundever Group, a global integrated customer experience, digital operations and analytics services provider.
The transaction included, among other aspects, an extension of Foundever's revolvingcredit facility with the consent of all revolving credit lenders, as well as a new three-year $225 million cross-border accounts receivable purchase program (ARPP) provided by certain revolving credit lenders to replace Foundever's prior factoring arrangement.
The transaction also included an equity capital contribution of $225 million by the equity owners of Foundever in connection with a reduction of Foundever's term loan facility.
The Mayer Brown team was led by New York partners Scott Zemser and Christophe Wassaf.
The ARPP aspects of the transaction were also led by Chicago and London partners Massimo Capretta, Patrick Healy and Charles Thain.
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Original text here: https://www.mayerbrown.com/en/news/2026/08/mayer-brown-advises-administrative-agent-and-revolving-credit-lender-group-on-foundever-group-recapitalization