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Delaware Pulse
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Southeast, Michigan Highlight Mid-Law Partner Promotions
A survey by Law360 Pulse of Mid-Law partner promotion class announcements shows Southeastern markets like Alabama, Georgia and the Carolinas started 2024 with heavy growth, while Michigan-based firms saw a substantial increase from previous years.
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Number Of Women In Mid-Law Partner Classes Stays Stagnant
The percentage of female attorneys in this year's partnership classes among Mid-Law firms remained constant, with experts saying that although midsize and regional firms tend to do better than their BigLaw cousins, work remains to be done if firms are to reach gender parity among their partner ranks.
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$22M Deal Proposed In Golden Nugget-DraftKings Merger Suit
Golden Nugget Online Gaming Inc. and public stockholders who challenged the venture's $1.56 billion all-stock sale to DraftKings Inc. in Delaware's Court of Chancery have agreed to settle the case for $22 million, with up to 23% reserved for class attorneys.
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'Bright Line' Recusal Rule May Be Challenging To Fed. Judges
A new ethics opinion clarifying when federal judges should step aside from cases when they own stock in a party's parent company is a positive step toward transparency, but it also creates a lot of work for judges and may not have much practical impact, according to experts.
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Fish & Richardson Reelects CEO To 2nd Term
Global intellectual property law firm Fish & Richardson PC announced Monday that John Adkisson had been reelected to serve a second four-year term as president and CEO.
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Tesla Stock For Fees? Attys Who Got Musk's Pay Cut Say Yes
The lawyers who convinced the Delaware Chancery Court to scuttle Elon Musk's proposed $55 billion Tesla compensation package on Friday filed a request for legal fees that came with a twist — they want to be paid in Tesla stock that rounds out to about $5.6 billion.
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Law360's Legal Lions Of The Week
Susman Godfrey LLP and Truelove Law Firm lead this week's edition of Law360 Legal Lions after a Texas state jury awarded $287 million to Dutch telecommunications company Koninklijke KPN in a contract dispute with Samsung Electronics Co.
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Voir Dire: Law360 Pulse's Weekly Quiz
February ended with a bang as BigLaw made moves and the Supreme Court waded into former President Donald Trump’s legal woes. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
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Clerk Database Founder On Cruel Judges, Law School Inertia
This month, the Legal Accountability Project will launch an online clerkship database consisting of more than 800 reviews of state and federal judges. Access will be limited to law students undergoing the clerkship application process and seeking honest assessments of their would-be bosses.
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How Aspiring GCs Can Be Sure Their Comp Packages Are Fair
The beginning of proxy season is upon us, which means we can gain insight into compensation packages for public companies' legal chiefs. But how can lawyers, especially those stepping into their first general counsel role, be sure their own compensation is fair and reasonable?
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Troutman Pepper Launches Team To Address Cyberattacks
Troutman Pepper Hamilton Sanders LLP is addressing the threat to businesses from cyberattacks and data breaches with a new incidents and investigations team led by firm veterans on both sides of the country with deep expertise in data security and privacy issues.
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Chancery Rejects Leadership Bid Over Lack Of Del. Counsel
A Delaware vice chancellor has denied a three-firm leadership bid in stockholder litigation over alleged mismanagement at a medical clothing company because no First State attorneys were on the proposed lead counsel team.
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Wilson Sonsini, Fenwick West Back Atty-Founded Equity Tool
Global equity platform Slice Global Inc., which uses artificial intelligence to ensure that companies issuing equity to international employees stay in compliance with laws and regulations, secured a $7 million seed funding round on Thursday.
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Law Firm Real Estate Report
The expansion of law firm footprints in North Carolina and Florida, a couple of homecomings in Minnesota and Sarasota, Florida, and the completion of a multimillion-dollar renovation in Houston were among some of the biggest real estate moves for law firms in February.
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Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys
Even as the economy appears poised to pick up steam in 2024, BigLaw firms are still aggressively adding restructuring capabilities, with a number of recent lateral hires reflecting the glut of work still to be found in the practice area.
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Meet The Judge Handling Biotech Biz NanoString's Ch. 11
U.S. Bankruptcy Judge Craig T. Goldblatt is presiding over the Chapter 11 in Delaware of NanoString Technologies Inc. as the company moves forward with a possible sale of its assets.
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DLA Piper Names New Global Managing Partner
DLA Piper announced Thursday that partner Richard Chesley will step into the newly created role of global managing partner to oversee the development of cross-border business initiatives and expansion of global relationships.
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Attys Get $750K Fee Award In $6M Med Tech Co. Deal
Class attorneys for minority shareholders of Autonomous Medical Devices Inc. who secured a $6 million settlement to resolve claims about a purportedly underpriced stock sale to an interest of Oracle founder Larry J. Ellison won court approval of the settlement Wednesday, along with a requested $750,000 fee award.
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Gov't Attys Must Mind Confidential Info Or Be DQ'd, ABA Says
Both current and former government attorneys who take on private clients should look out for instances where their possession of "confidential government information" calls for them to be disqualified from representing a client, according to the latest guidance from the American Bar Association Standing Committee on Ethics and Professional Responsibility, released Wednesday.
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US Trustee Taps Ex-Prosecutor To Be FTX Examiner
The U.S. Trustee's Office has urged a Delaware bankruptcy judge to allow Robert Cleary, a former U.S. attorney who is now with Patterson Belknap Webb & Tyler LLP, to investigate FTX's finances as an examiner in the defunct cryptocurrency company's Chapter 11 case.
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Behind Benesch's Strategy To Add And Keep BigLaw Laterals
Mid-sized Ohio-based firm Benesch Friedlander Coplan & Aronoff LLP has become an attractive destination for a certain type of BigLaw lateral partner, attracting a notable number over the past six months from firms such as Kirkland & Ellis LLP and Jenner & Block LLP.
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Law Firm Leasing Activity Reaches Pre-Pandemic Level
Major firm relocations in late 2023, including Paul Weiss Rifkind Wharton & Garrison LLP's December deal for a 20-year lease in a midtown Manhattan skyscraper, helped fuel the hottest legal office space market since before the COVID-19 pandemic.
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McDermott Appoints 4 Real Estate Leaders in US, Germany
McDermott Will & Emery LLP announced four new real estate practice leaders on Monday, elevating a longtime partner in Germany and three newer hires in the U.S.
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Approach The Bench: Judge Michael Baylson
Though his standing order on lawyers writing briefs using artificial intelligence — one of the first in the country to address the technology — is fairly broad, Judge Michael Baylson of the Eastern District of Pennsylvania says he's "not banning AI."
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Chancery Approves Snap Inc. Deal, Trims Fee Award By $2M
An agreement between Snapchat parent Snap Inc. and a class of shareholders to settle litigation that accused the social media platform of giving its founders too much voting power won Delaware Chancery Court approval Monday, but shareholder attorneys got just $4.5 million of the $6.6 million in fees that they sought.