Law firms struggling with sluggish revenue still have time to turn this year around if they apply some basic strategies to bring in new business or get paid faster for work that’s already been accomplished, experts say. Here, Law360 presents practical suggestions for law firms looking to up their cash flow.
Mayer Brown LLP has taken the guesswork out of its associate bonus process, the firm confirmed Wednesday, and will use a straight hours-and-seniority system for associates outside the New York office come year's end.
K&L Gates LLP has seen another wave of partner exits in recent days, adding to scores of other partner departures to rival firms this year as it prepares to shutter a West Coast office.
A New York federal judge sentenced a former Wilson Sonsini Goodrich & Rosati PC information technology employee to two years in prison Wednesday for trading on inside information about the firm’s clients, calling it a “crime of temptation.”
In an Oakland, California, courtroom last June, NCAA President Mark Emmert faced a tense cross-examination from Boies Schiller & Flexner LLP's William Isaacson, who represented student athletes in their antitrust suit against the NCAA.
Lawyers gnawing on the idea of an escape from BigLaw are often immobilized by dread of the unknown, but those who have successfully fled for smaller firms say the transition is easier than it seems and clearing mental hurdles like fear is the first, and biggest, step to downsizing.
Evidence that more female lawyers are getting recognized as top revenue generators could have a positive ripple effect in a profession struggling with stubborn gender divides in compensation and talent loss, experts say.
BigLaw saw women grab a bigger percentage of partner promotions and make gains in a key firm committee role, according to an annual survey and list of best firms for women released Tuesday.
Foreign in-house counsel are vital to a global legal department, but in most states, those lawyers are still unable to jet into U.S. offices to lend their local expertise to cross-border matters — a rule some general counsels are fighting hard to change.
For an attorney who has spent just over four decades at the forefront of some of the industry's most high-profile civil and criminal trials, Baker Botts LLP partner William H. Jeffress Jr. takes a somewhat casual tone when discussing his path to the legal profession.
A former Dewey & LeBoeuf LLP partner testified Tuesday at the Manhattan fraud trial of the firm's former leaders that he and a dozen other lawyers jumped ship to Katten Muchin Rosenman LLP in 2010 after being stiffed on compensation.
If the luck of the law-firm draw left you with a boss more like the insufferable Bill Lumbergh from “Office Space” than the cheery Leslie Knope from “Parks and Recreation,” don’t retreat into a shell of misery. Instead, take a stand and work to improve your situation. Here, Law360 offers tips on making life better under a boss from hell.
Steven Zager knows through decades of experience that it can be difficult to keep a jury engaged during a complicated trial. But when the Akin Gump Strauss Hauer & Feld LLP intellectual property partner instructed his client to perform a mock surgery in the courtroom, jurors were on the edge of their seats and ultimately returned a verdict in the physician's favor.
The former accounting manager at fallen law firm Dewey & LeBoeuf LLP on Monday told a New York jury of how she falsified Dewey’s books in order to deceive lenders and investors into believing the firm was in compliance with its lending agreements.
Davis Polk & Wardwell LLP earned a spot among Law360's Global 20 by handling some of the year's flashiest M&A work — like helping AstraZeneca Inc. beat back an unsolicited $118 billion takeover bid by Pfizer Inc. — and some of the toughest cross-border investigations.
Legal librarians have an arsenal of research tools at their disposal, making them extremely useful for firms and attorneys hoping to attract new clients, investigate potential lateral hires and keep an eye on industry trends. Here’s why you should turn to your librarian to help with business development.
In the chase to score high-value lateral partners, firms face tough competition for an irresistible pool of candidates with the power to make a major splash in the market, but top attorneys often have more incentives to stay at their current firm than to jump ship. Here, experts share some essential tips on rolling out the welcome mat for legal industry VIPs.
They have first-chaired many hundreds of high-stakes trials between them, with an average win rate of over 80 percent. Their arguments have set new precedent, and their cross-examinations are the stuff of legends. They’re creative and persuasive and can charm the most unsympathetic jury. And if bringing a toy giraffe into the courtroom helps win the case, at least one Law360 Trial Ace can do that too.
For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.
Former Dewey & LeBoeuf LLP Finance Director Frank Canellas, the star government witness in the fraud trial of his former bosses, has testified that all of the firm’s executives participated in the alleged scheme, but his credibility, already under relentless attack by the defense before he took the stand, could prove to be a thorn in the prosecution’s side.