Revenue

NFL Faces Major Financial Setback: Historic Verdict Could Reshape Future Revenue and Sports Rights Agreements

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In a landmark ruling that poses a significant financial threat to America’s most lucrative sport, a recent court decision could potentially disrupt the economic framework of the NFL, which boasted an annual revenue surpassing $18 billion last year. Noteworthy is the league’s objective, underscored by Commissioner Roger Goodell, to escalate these revenues to $25 billion by 2027. The nature of the verdict, therefore, holds substantial implications, not just for the NFL but for the landscape of professional sports financing in the United States. This unprecedented legal challenge comes at a pivotal time when sports leagues … Read more

States File Lawsuit to Block Biden’s Student-Loan Repayment Plan, Citing Constitutional Concerns and Revenue Loss for Loan Servicer

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Jefferson City, Missouri – Missouri’s Attorney General, Andrew Bailey, has led six other GOP states in filing a lawsuit to block President Joe Biden’s new student-loan repayment plan. The lawsuit argues that the SAVE income-driven repayment plan, established in July 2023, is unconstitutional and defies a Supreme Court decision that previously blocked Biden’s attempt at broad debt relief. This is the second lawsuit filed so far to block the student-loan repayment plan. The lawsuit specifically takes issue with the early implementation of a provision of the SAVE plan by the Education Department in February. The … Read more

The Future of Big Law: Kirkland & Ellis Dominates Revenue Rankings, Raises the Stakes for Competitors

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New York City, NY – Kirkland & Ellis has emerged as the leading law firm in terms of revenue, leaving its competitors trailing far behind. With over $6.5 billion in gross revenue, Kirkland dominates the rankings, with Latham & Watkins being the closest contender at around 80% of its revenue. Only two other firms, DLA Piper and Baker McKenzie, can even reach half of Kirkland’s size in terms of revenue. This exceptional growth has prompted the industry to dub it “The Great Growth Race,” according to Fairfax Advisors, a law firm consultancy. The implications of … Read more