• Trump hired dozens of lawyers from 2 law firms. Only one has been hiring them back

    10 days ago - By Business Insider

    Summary List Placement As the Trump White House and federal agencies filled their ranks with political appointees, they hired heavily from two law firms - Jones Day and Kirkland & Ellis. In the few months since Trump left office, only one of them has been interested in bringing those lawyers back.
    Jones Day has been on a tear hiring Trump administration alumni, including some who hadn't previously worked at the firm. Since January, the firm has hired seven Trump-appointed US attorneys and top officials from the Justice Department and Department of Homeland Security, after previously...
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  • Adidas is requiring some ad agencies to pay back more than 10% of their earnings, squeezing small firms

    Adidas is requiring some ad agencies to pay back more than 10% of their earnings, squeezing small firms

    10 days ago - By Business Insider

    Summary List Placement Adidas has been seeking new payment terms that are putting the squeeze on small and midsize firms already strained by the pandemic.
    In terms that agency execs called unusual, Adidas has called for rebates that increase based on total fees and contract length - so the more an agency makes or the longer its contract, the greater the percentage it has to repay each year. The rebates can top 10% of an agency's fees.
    The terms were in an agency contract viewed by Insider and confirmed by execs at a second agency.
    Advertisers have been demanding tougher terms of their...
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