The Week at Ropes & Gray: Cytel Partners with New Mountain; GDPR Myth-Busting; The Future of the Fiduciary Rule; Navigating Obamacare Open Enrollment; Technology in the Legal Profession; Examining the Shareholder Proposal Rule; Recognition for the Firm
Weekly highlights of what’s happening at Ropes & Gray:
- Massachusetts-based biotechnology company Cytel, Inc. has partnered with growth-oriented investment firm New Mountain Capital, LLC. Cytel, a global provider of software and services, is widely recognized as the industry pioneer of adaptive clinical trials and a thought-leader in statistical science. Ropes & Gray represented New Mountain in the transaction.
- A blog series by the UK’s Information Commissioner’s Office about the General Data Protection Regulation (GDPR) seeks to sort the fact from the fiction, covering fining powers; consent; the "misconception" that the GDPR is an unnecessary burden; and data breach reporting. An alert by privacy and cybersecurity partner Rohan Massey breaks down some of the “busted myths.”
- Last year, the Department of Labor issued a final rule that amends the definition of fiduciary that’s been in place for decades under ERISA. The controversial rule has faced future uncertainty with the change in administration. In an article by WSJ Pro Private Equity, tax and benefits partner Josh Lichtenstein examines how the rule could impact the private equity industry’s retail investor strategy and ability to fundraise from this investor base. In this video, investment management counsel David Tittsworth analyzes the possible fate of the fiduciary rule, and in a new Q&A he discusses the SEC’s regulatory agenda with business & securities litigation counsel Jeremiah Williams.
- Nov. 1 marked the first day of open enrollment for Obamacare. In an article by CBS Money Watch, Ropes & Gray health care partner Tom Bulleit discusses navigating Obamacare open enrollment, advising consumers with difficult health insurance registration questions to contact their local legal aid society for assistance.
- An article in a series titled “The Future of Work” by Boston’s NPR News Station WBUR investigates the impact of automation on the legal profession. The article features e-discovery counsel Shannon Capone Kirk, who reflects on the evolution of document review with new and advanced technology.
- Many companies are in growing conflict with the SEC, specifically as it pertains to the enforcement of SEC Rule 14a-8, which requires companies to include shareholder proposals in the proxy materials up for vote at annual meetings. Chair of Ropes & Gray’s securities & governance practice Keith Higgins examines the rule in this video, providing examples of revisions the SEC may consider to satisfy opponents of the rule. Separately, Ropes & Gray will host an event titled “Shareholder Engagement Series: Proxy Prep” in our New York office on Nov. 29.
- In the 2018 edition of U.S. News-Best Lawyers Best Law Firms, Ropes & Gray was recognized as a top-tier firm in 22 national practice categories. Notably, the firm was named “Law Firm of the Year” for Mutual Funds Law.
- Follow us on Twitter @RopesGray for legal insights and the latest firm news.