Business of Law

  • February 9, 2016

    3 BigLaw Firms See Revenues Jump, 4th Stagnates

    Holland & Knight LLP, Venable LLP and Akin Gump Strauss Hauer & Feld LLP have defied analysts’ expectations, each posting revenue growth of more than 7 percent in 2015, and Norton Rose Fulbright LLP revealed flat revenue during its 2014-2015 financial year on Monday.

  • February 9, 2016

    ABA Sets Standards For Regulating Nonlawyer Legal Services

    The American Bar Association’s House of Delegates resolved some “rigorous debate” Monday surrounding the proliferation of nonlawyers doling out basic legal advice, and agreed on guidelines for states as they proceed with regulating the growing industry.

  • February 8, 2016

    Kaye Scholer Atty Taps Gupta Prosecutor In Shkreli Case

    The Kaye Scholer LLP partner charged with securities fraud alongside pharma bad boy Martin Shkreli has enlisted a Gibson Dunn partner who was the lead prosecutor in Rajat Gupta’s insider trading trial and who also helped convict hedge fund boss Raj Rajaratnam, according to New York federal court documents.

  • February 8, 2016

    Greenberg's Hilarie Bass Tapped For ABA Presidency

    The American Bar Association on Sunday tapped Miami litigator and Greenberg Traurig LLP co-president Hilarie Bass as its nominee to head the organization in 2017 with an all-women leadership team.

  • February 8, 2016

    Kirkland Antitrust Pro OK'd To Serve On NY's Highest Court

    The New York State Senate on Monday confirmed a Kirkland & Ellis LLP partner who focuses on government investigations, antitrust, international trade and national security — and whose investigation into former Gov. Eliot Spitzer's prostitution scandal led to his resignation — to the state’s highest court.

  • February 8, 2016

    Senate Elevates Iowa State Judge To Federal Bench

    The U.S. Senate on Monday unanimously confirmed Iowa state Judge Rebecca Goodgame Ebinger to the state’s federal bench, the fourth of five nominees scheduled to receive a vote in early 2016.

  • February 8, 2016

    How To Hold On To Foreign Workers After A Merger

    A merger or acquisition can involve so many moving parts that immigration considerations often get lost in the shuffle. But attorneys say a change in ownership can raise a host of worker eligibility issues that may benefit from early attention. Here’s what general counsels need to know.

  • February 8, 2016

    Kirkland Raises 1st-Year Atty Pay In London To £100,000

    Kirkland & Ellis LLP has given its first-year associates in London a £3,000 pay increase, making it one of only a few law firms paying new lawyers in the city £100,000 or more per year and dwarfing the average salary at many U.K.-based firms, the firm confirmed Monday.

  • February 8, 2016

    Cadwalader Revenue Takes Hit Amid Litigation Slowdown

    Gross revenue at New York City’s oldest law firm, Cadwalader Wickersham & Taft LLP, fell 3.7 percent in 2015 to $463.5 million, largely prompted by a slowdown in litigation work, the firm said on Monday.

  • February 8, 2016

    Joseph Slights Of Morris James Tapped For Del. Chancery

    Gov. Jack Markell on Monday tapped former Delaware Superior Court Judge Joseph R. Slights III, now a partner at Morris James LLP, for the soon-to-be-vacated seat on the state's highly respected Chancery Court, choosing a jurist with a dozen years of bench experience for the post.

  • February 5, 2016

    GCs Can’t Stop Raving About These 4 Attorneys

    Among the 312 attorneys named as the BTI Consulting Group’s All-Stars this year are four standout MVPs that general counsel have recognized for at least five years in a row as counsel who put their clients first and deliver outstanding results with a deft and caring hand.

  • February 5, 2016

    GCs Name Cream Of The Crop Litigators

    More than 100 litigators were pinpointed by corporate counsel in a recent report as their top picks for delivering stellar client service while working tough cases.

  • February 5, 2016

    In Case You Missed It: Hottest Firms And Stories On Law360

    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.

  • February 5, 2016

    Legal Sector Loses 1,400 Jobs In Jan., Despite Prior Growth

    While the legal services sector has increased overall in the past year, the sector fell by 1,400 jobs in January, according to a Friday report by the U.S. Bureau of Labor Statistics, a drop that one expert said isn't surprising as law firms cut administrative staff.

  • February 5, 2016

    NY Bar Hammers ABA Plan For Legal Services Oversight

    The 74,000-strong New York bar urged the American Bar Association to not approve a framework for how jurisdictions should oversee “nontraditional” legal services, arguing Friday that such a regulatory scheme could open the door to nonlawyer ownership of law firms.

  • February 5, 2016

    Ex-Fox Rothschild Atty Convicted Of Insider Trading

    An ex-Fox Rothschild LLP attorney was convicted Friday on charges that he used inside information about the firm’s work to trade ahead of a $760 million insurance industry merger in 2011.

  • February 5, 2016

    McDermott, Eversheds See Flat Revenues, While Others Jump

    McDermott Will & Emery LLP and Eversheds LLP have both recently reported slightly depressed or flat revenue figures, and Dechert LLP and Troutman Sanders LLP both told Law360 on Friday that they had seen significant revenue bumps.

  • February 5, 2016

    More BigLaw Firms Jump On Outsourcing Bandwagon

    The line between traditional law firms and new-model legal providers has blurred significantly over the last two years as more BigLaw firms embrace outsourcing, attorney contractor businesses and off-site service centers, according to a report Friday.

  • February 5, 2016

    Capital Law Starts £50M Litigation Fund In UK First

    London- and Wales-based firm Capital Law has become the first U.K. law firm to create its own litigation fund, raising an initial £50 million ($72.4 million) to take on cases that clients might otherwise be unable or unwilling to pursue, according to the firm.

  • February 4, 2016

    Ex-Blank Rome IP Atty Says He Was Axed Over LGBT Support

    A former Blank Rome LLP intellectual property partner on Wednesday launched a suit in Pennsylvania state court accusing the firm and its leadership of firing him and stealing his practice after he allegedly promoted gay rights in the legal community.

Expert Analysis

  • OPINION: The Road To Partnership Must Keep Evolving

    Daniel L. Butcher

    In a recent Law360 article on signs that an associate is not ready to be partner, it was suggested that promotion to partner was a competition between associates and that taking maternity, paternity or family medical leave could impact an associate's chances at promotion. But this sort of ethos — which may have contributed to law firms’ success in the past — is not the best way to secure the industry's future, says Daniel Butcher, ... (continued)

  • Cicero On Legal Advocacy

    Eliot J. Walker

    Today’s lawyers might be surprised to find that the teachings of Cicero remain relevant to modern practice. In recognition of the ancient Roman orator's birthday this month, Skiermont Derby LLP attorney Eliot Walker offers three practice points for lawyers and politicians plucked from Cicero’s seminal dialogue on rhetoric.

  • 4 Ways To Improve The Business Intake Process

    Terrence J. Coan

    When executed properly, an efficient new business intake process can drive growth, minimize risk, and ensure new clients support a law firm’s business and financial objectives. But determining how to streamline the NBI process is easier said than done, says Terrence Coan, leader of HBR Consulting LLC's information governance and risk management practice.

  • 3 Traits Of Best-In-Class General Counsel

    Cynthia Dow

    New research paints an interesting picture of the attributes that facilitate the success of best-in-class general counsel. For one, best-in-class general counsel are 36 percent more likely to cut through bureaucracy. This is an astounding finding given that GCs are generally seen as the greatest champions of rules and regulations, say Cynthia Dow and Melissa Swift of Russell Reynolds Associates.

  • 'Old School' Tools May Hinder Attorney Collaboration

    Clare Foley

    Collaboration is both commonplace and highly valued among legal professionals, yet the tools and methods that teams use to perform case analysis and deposition preparation can be frustratingly primitive. That’s one of the key findings of a recent litigation practices survey of 650 U.S. legal professionals, according to Clare Foley of Opus 2 International Inc.

  • 6 Types Of Legal 'Mumbo-Jumbo' Attorneys Must Avoid

    Martin A. Schwartz

    Lawyers may be offended that the product of their craft is not appreciated by the general population, but should they be offended if they draft their documents in a language other than modern English? Martin Schwartz of Bilzin Sumberg Baena Price & Axelrod LLP describes some common legalisms that make it difficult, if not impossible, for an ordinary English speaker to glean the substance of a legal document.

  • BigLaw 2016: A Look Ahead

    Jeffrey A. Lowe

    While the years following the Great Recession have been challenging, many law firms have emerged stronger than ever. What do these firms all have in common? Strong leadership, smart strategy and a willingness to embrace change. Here are 12 ways in which BigLaw will continue changing in 2016, according to Jeffrey Lowe, global leader of Major Lindsey & Africa LLC's law firm practice.

  • 6 Steps To Becoming A Superior Supervising Attorney

    Debra Squires-Lee

    In many circumstances, you have an obligation to take reasonable steps to ensure that the lawyers you work with, especially those you manage, follow the rules. Following six basic rules will give you the peace of mind that you are abiding by the rules of ethics, and will make you a superior supervising attorney, say Debra Squires-Lee and Christopher Blazejewski of Sherin and Lodgen LLP.

  • How Litigation Finance Funds Whistleblower Actions

    Donald E. Vinson, Ph.D.

    To an extent, the qui tam provisions under the False Claims Act have privatized the enforcement of law, creating an opportunity for increasing involvement of alternative litigation finance. Law firms, particularly those specializing in contingency work for whistleblowers, can benefit significantly, says Dr. Donald Vinson, chairman and CEO of Vinson Litigation Finance.

  • What Your Outside Counsel Doesn't Know About E-Discovery

    Kris L. Farnen

    Despite the prevalence of e-discovery issues in today’s litigation, most lawyers are often unaware of the related concerns — or their obligations. Corporate counsel need to know what questions to ask their outside counsel to ensure they are maximizing the value of e-discovery, and so they don't find their companies on the receiving end of sanctions, say attorneys with Stinson Leonard Street LLP.