The pandemic prompted a workplace shakeup, shining a spotlight on employee wellness
Amy Blankson offers tools that can boost happiness as we enter a new world of work
Hugh Verrier
Chair
In 2022 uncertainty took hold as inflation, volatile markets and a geopolitical conflict added to the challenges set in motion by the COVID-19 pandemic. In a world of shifting expectations and norms, we focused on creating a distinctive experience for our clients, consistent with the five-year strategy we launched in 2020. This North Star guided our global teams as they developed and executed innovative solutions on high-stakes deals, disputes and pro bono matters.
Our client work placed us at the center of global trends related to energy transition, environmental, social and governance (ESG) issues, finance and globalization. We contributed to the dialogue on these issues with published insights including “Scaling up the energy transition,” a report based on a survey that explores how capital providers and companies are setting priorities, staying competitive and managing risk. Through our COP27 video series, we explored themes raised during the annual climate conference and their potential impact on business and industry.
In regions around the world, we increased our capacity to serve clients, promoting 59 new partners and welcoming 39 lateral partners. We developed new ways of working with clients, increasing efficiencies and ensuring consistency. These initiatives included our Debt Finance Solutions Team, which leverages legal technology and other resources to handle certain types of routine work, and our Client Experience Blueprints, a series of tools that codify our global best practices for working with clients before, during and after a matter.
We continued to focus on building a more diverse and inclusive workplace, significantly expanding our diversity data collection efforts so we can quantify our progress. Our people benefited from new and expanded coaching programs, and we took concrete steps to empower our associates, focusing on work allocation, skills development and leadership opportunities.
This review discusses these and other accomplishments and initiatives that made a difference to our people and our clients in 2022. Together we face the future positioned for success.
Guest speakers at Firm events share views on timely topics
Amy Blankson offers tools that can boost happiness as we enter a new world of work
Kenneth Cukier talks about the process that can lead to breakthroughs and help us tackle novel challenges
Antonio Zappulla talks about how TrustLaw tackles some of the world’s biggest challenges
Developments that reshaped the world
The focus on achieving net-zero emissions by 2050 remained a priority for governments, investors and energy companies
Addressing ESG factors became “the new normal” for investors and businesses
Activity across debt and M&A markets slowed as rising interest rates and high inflation saw investors, borrowers and lenders recalibrate risk appetite
Around the world, legal and regulatory developments continued to reshape global interconnectedness
Highlights of our work in 2022
Our achievements position us for success
US$2.83 billion in revenue
2,616 total lawyers
Meet the outstanding generation of talented lawyers who strengthened our Firm in 2022
In markets around the world, White & Case earned many of the legal industry’s top accolades
White & Case is committed to fair and ethical operations that respect human rights and recognize the importance of our natural environment.
As a signatory to the UN Global Compact, we affirm our commitment to doing business responsibly by supporting the Compact’s ten principles on human rights, labor, the environment and anti-corruption. The steps we are taking to continue to embed these principles into our Firm are outlined in our most recent Communication on Progress.
Our latest Environmental Sustainability Report includes information on our environmental policies, footprint, key actions and goals.
Committed to advancing diversity and inclusion across the Firm
11 global affinity networks
Our 11 affinity networks foster a sense of community among the Firm’s Black, Asian, Latinx/Hispanic, Middle Eastern, minority ethnic and LGBTQ+ lawyers, business services professionals and their allies. Each network sets its own agenda, initiatives and goals, which are specific to the issues it considers most important. Affinity networks create and enhance awareness of these groups within the Firm and its larger culture, drive community and connection across our global offices, and support their members with career and professional development opportunities.
25 local women’s networks
Our 25 local women’s networks are active in 40 offices across the Americas, EMEA and Asia-Pacific. These networks foster professional development and mentoring activities. They also provide a forum for our lawyers and business services professionals to share perspectives and create programs to support and retain our women while fostering and promoting gender equity.
49%of our lawyers self-identify as of color
28%of our partners self-identify as of color
43%of our lawyers self-identify as of color
27%of our partners self-identify as of color
118nationalities
95languages spoken
Leading publications and alliance organizations continue to recognize our commitment to diversity and inclusion
Helping our colleagues to reach new heights
Committing to growth opportunities for colleagues in wide-ranging roles
Recognizing the value of our lawyers as they start their careers
Focusing on consistent application of best practices
Leveraging technology to streamline routine work and enhance client service
Collaborating to effect change and build strong connections
Visuals by Roman De Giuli
CMA clearance of Avast merger with NortonLifeLock
We represented Avast in a UK CMA (Competition and Markets Authority) in-depth Phase 2 investigation regarding Avast’s merger with NortonLifeLock. The merger combined two leading antivirus and consumer security providers, both globally and in the UK, and the CMA launched a Phase 2 investigation in light of the two companies’ respective UK market positions. The CMA had concerns because the merger resulted in a combination of two of the three largest antivirus suppliers, but the parties showed that smaller players exerted a sufficient competitive constraint, and that Microsoft would become a significant competitor. The CMA unconditionally cleared the transaction in Phase 2, an increasingly rare result to obtain before the CMA.
Landmark victory for Samsung Bioepis in biologics case
We won a unanimous US Court of Appeals for the Seventh Circuit decision for biosimilar manufacturer Samsung Bioepis affirming the dismissal of all antitrust claims against it in a case involving the drug Humira®. The decision was the first to apply the US Supreme Court’s Actavis framework to biologics. In doing so, the court rejected the argument of plaintiffs, a purported class of indirect purchasers of Humira®, that parallel, multi-jurisdictional settlements of biologic/biosimilar patent litigation were illegal. Instead, the court held that the multiple early-entry settlements are legal “traditional” settlements that could not be characterized as “pay for delay.” The victory removed the threat of very significant damages and paved the way for further freedom in biologic-biosimilar patent licenses, which will lead to quicker introduction of lower-priced biosimilar alternatives in the market.
Dismissal of a pharma class action
We secured for AbbVie Pharmaceuticals the dismissal of a “pay for delay” pharmaceutical antitrust class action, brought on behalf of putative classes of direct-purchaser and end-payor plaintiffs. The US District Court for the Southern District of New York dismissed all federal antitrust claims and more than 100 state law claims concerning six patent settlements that purportedly delayed generic competition for hypertension medication Bystolic®.
Dismissal of all claims against Apex in “meme stock” litigation
We represented clearing broker Apex Clearing Corporation in antitrust and common law tort class actions challenging the liquidation-only trading restrictions Apex implemented on January 28, 2021, for three “meme” stocks as part of a multidistrict litigation (MDL) before the US District Court for the Southern District of Florida. We obtained an early-stage dismissal of the antitrust actions in late 2021 and later achieved dismissal on jurisdictional grounds of all the common law tort actions in early 2022. After plaintiffs refiled their common law tort claims in the US District Court for the Southern District of New York, we successfully transferred the case back to the Southern District of Florida, where the MDL court ultimately dismissed the common law tort claims with prejudice in early January 2023.
Google fine reduced by €218 million
We successfully represented Google at the EU General Court in obtaining an annulment of a portion of the European Commission’s 2018 Google Android decision. Google was originally fined €4.34 billion for abuses of dominance relating to the Android mobile operating system platform and general search services. The Court found that the Commission’s investigation suffered from procedural as well as substantive errors and reduced the fine for Google by €218 million, based on our arguments.