Business of Law

  • May 27, 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.

  • May 27, 2016

    5 Signs You'll Never Excel In BigLaw

    Modern priorities like finding a work-life balance might be a newer factor discouraging careers in BigLaw, but the industry has always been especially tough on individuals who work better on their own, as well as those who struggle to market themselves, experts say. Here are five dead giveaways that an attorney won’t succeed in BigLaw.

  • May 27, 2016

    Gibson Dunn DQ Shows Danger Of Handling Privileged Emails

    A California state judge recently disqualified Gibson Dunn as defense counsel for McDermott Will & Emery LLP in a malpractice matter, a finding that legal experts say stands as a warning in matters where third parties end up with privileged emails in their hands.

  • May 27, 2016

    Justices Divided: 3 Cases That May Tie Up The High Court

    With rulings still pending on contentious issues from abortion to immigration, the last few weeks of the Supreme Court’s term promise to pack a punch, as the divided bench works to resolve its toughest cases with only eight justices. Here are three cases to watch as the Supreme Court closes the book on this term.

  • May 27, 2016

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    More than half of companies say a negligent or malicious employee has caused a security incident, the U.S. Supreme Court resolves a circuit split on constructive discharge, and the Senate condemns the new definition of an Employee Retirement Income Security Act fiduciary. Those stories top the news you may have missed this past week.

  • May 27, 2016

    Akin Gump Closing Austin Office As IP Partners Depart

    Akin Gump Strauss Hauer & Feld LLP will soon be shuttering its small, intellectual property-focused Austin, Texas, office, as two of its leading partners there have announced they will be leaving the firm.

  • May 27, 2016

    The Revolving Door: 6 Tips For Prosecutors Switching Sides

    The lure of a well-compensated gig in private practice has for years coaxed many a government lawyer to make the move through the revolving door to the defense side, but former prosecutors say departing public attorneys should be prepared to roll up their sleeves and embrace a different frame of mind.

  • May 27, 2016

    Saudi Court Calls Clifford Chance License Into Question

    Clifford Chance LLP could be forced to reapply for its license to practice in Saudi Arabia after an advisory appellate court decision suggested that foreign- and Saudi-owned companies should obtain two licenses rather than one to practice in the kingdom, according to a news report.

  • May 27, 2016

    Shearman & Sterling Joins UK Salary Race By Upping Atty Pay

    Shearman & Sterling LLP has joined what appears to be a salary race in the London legal market by firms looking to woo talent, telling Law360 on Friday that it has bumped up pay for associates by between 7 and 10 percent.

  • May 27, 2016

    4 Hot Practice Areas Where Texas Firms Are Hiring

    Transactional partners are the belles of the ball these days among Texas recruiters and headhunters. If you’re contemplating making the move to a new firm, take a look at the four practice areas that are especially sizzling in the Lone Star State right now.

  • May 27, 2016

    Money Laundering Inspectors Turn Up Heat On UK Law Firms

    The U.K. legal sector is under scrutiny over its ability to protect itself from money laundering and terrorist financing risks, according to a new HM Treasury report, reflecting a growing national anti-corruption agenda in the wake of the Panama Papers scandal.

  • May 27, 2016

    Dewey's DiCarmine Taps Seward & Kissel, Drops Pro Se Plans

    Former Dewey & LeBoeuf LLP executive director Stephen DiCarmine on Friday dropped his longtime counsel at Bryan Cave LLP in favor of Seward & Kissel LLP, for a coming retrial over a purported scheme to con the law firm’s financial backers out of tens of millions of dollars before it collapsed in 2012.

  • May 26, 2016

    Thiel's Gawker Crusade Belies Business Of Litigation Funding

    Paypal co-founder Peter Thiel's admission this week that he secretly bankrolled Hulk Hogan's sex-tape lawsuit against Gawker has thrown a spotlight onto third-party litigation funding, though industry experts say the billionaire's personally motivated patronage differs dramatically from how the business typically operates.

  • May 26, 2016

    McDermott Bumps Up New Recruits' Bar Exam Stipend To $5K

    McDermott Will & Emery LLP gave recent law school graduates planning to join the firm one more reason to toss their caps this week by bumping up their stipend for expenses related to the looming bar exam to $5,000.

  • May 26, 2016

    Hatch Criticized For Media Gaffe Ahead Of Garland Meeting

    Sen. Orrin Hatch, R-Utah, drew heat Thursday for an op-ed explaining why meeting Judge Merrick B. Garland didn't change his opposition to the U.S. Supreme Court nominee, because the piece was accidentally published before the meeting took place.

  • May 26, 2016

    Law360's Weekly Verdict: Legal Lions & Lambs

    Williams & Connolly LLP rose to the top of this week's list of legal lions when the Second Circuit threw out a $1.3 billion penalty against its client Bank of America in a fraud case, while Wilson Sonsini Goodrich & Rosati PC found itself among a flock of legal lambs for failing to thwart a $70 million trade secrets verdict against its client Neovasc Inc.

  • May 25, 2016

    Gibson Dunn DQ'd As McDermott Rep In Malpractice Row

    Gibson Dunn & Crutcher LLP was disqualified Wednesday from representing McDermott Will & Emery LLP and an estate planning partner in two legal malpractice actions in California state court after the judge said its use of a privileged document could affect “the integrity of these judicial proceedings.”

  • May 25, 2016

    Clydes Treks Deeper Into US With Miami Boutique Buy

    Breaking into the U.S. market has been a tough nut to crack for many U.K.-based international firms, but one seems to have found a foothold, unveiling the launch of its sixth office in the states Thursday. Here, the firm's leaders talk about their approach to the Americas.

  • May 25, 2016

    4 Ways Millennials Will Change Law Departments

    As millennials graduate from BigLaw training grounds and take jobs with corporate legal departments, their employers and outside counsel will have to adjust to the next generation of the in-house bar. Here’s how things might change.

  • May 25, 2016

    GCs Are Keeping Fewer Firms On Tap

    General counsels added some law firms to their panels in 2015, but overall are working with the second-fewest number of firms in 16 years, according to a new study, with one major issue driving the trend.

Expert Analysis

  • Behind The Curtain: Technical Advisers In Complex Cases

    Christopher S. Finnerty

    During complex litigation, litigants often retain consulting experts to help them understand any intricate aspects of social and natural sciences present in a case, but the federal rules provide no such mechanism for the presiding judge. That is where technical advisers come in, say attorneys at K&L Gates LLP.

  • 5 Tips For Negotiating And Drafting Joint E-Discovery Plans

    Anthony J. Rospert

    Courts often require parties to develop a joint e-discovery plan. But even when they are not court-imposed, parties should consider using joint e-discovery plans to promote transparency and streamline the discovery process, say Anthony Rospert and Jake Evans of Thompson Hine LLP.

  • Panama Papers: Reminders About Law Firm Cybersecurity

    Sean Doherty

    Nowhere is the attractiveness of law firms as cybercrime targets more evident than the recent Mossack Fonseca hack, believed to be the most significant data theft event in history. Firms represent a treasure trove of information and historically have had dreadful cybersecurity practices. There has been some progress, but firms can also commit to better defending their information by taking a simple, three-step approach, says Sean D... (continued)

  • OPINION: Sotomayor's Solution To Pro Bono Is Incomplete

    David A. Lash

    In calling for mandatory pro bono service, U.S. Supreme Court Justice Sonia Sotomayor is effectively using her bully pulpit to advance the cause of access to justice for the poor. Her courageous leadership is a clarion call to action that must be heeded. But bold as it may be, the pronouncement is incomplete, says David Lash, managing counsel for pro bono at O’Melveny & Myers LLP and a member of the Association of Pro Bono Counsel.

  • Creating Barclay Damon: Lessons From A Law Firm Merger

    John P. Langan

    Joining two firms with long histories meant not only combining cultures, philosophies and deeply rooted ways of doing business, but also combining two IT systems, two accounting systems, and two ways of handling many other administrative functions. It didn't help that the firms had different fiscal year ends, says John Langan, managing partner of Barclay Damon LLP.

  • Reflecting On The 20th Anniversary Of BMW V. Gore

    Andrew Frey

    On May 20, 1996, the U.S. Supreme Court held that a $2 million punitive damages award imposed for a tort that caused $4,000 in economic harm was unconstitutionally excessive. In the ensuing 20 years, BMW v. Gore has proved to be a foundational case in punitive damages jurisprudence. We were fortunate enough to have played a role in this historic decision, say Mayer Brown LLP partners Andrew Frey and Evan Tager and Maserati North Am... (continued)

  • Corporate Counsel: Consumer Becomes Provider (The Sequel)

    Mark A. Cohen

    Last week, we discussed why corporate legal departments are taking on so much more work themselves instead of outsourcing it to law firms. This is, of course, an ominous sign for law firms and the traditional partnership structure. So too is disaggregation and the emergence of legal service providers as well as others — notably the Big Four — poised to enter the gargantuan legal services market, says Mark A. Cohen of Legal Mosaic LLC.

  • The Back-End Of E-Discovery

    Steve Wilson

    Despite the obvious need for effective e-discovery, many firms still rely on outdated, inefficient methods, such as paying hourly paralegals to conduct manual reviews of case-related electronically stored information. This approach can turn e-discovery into a lengthy, expensive and error-prone process. There are four things firms should look for in an e-discovery solution, says Steve Wilson, vice president of product design at Accusoft.

  • OPINION: Stop 'Vigorously Defending' Your Clients

    Dan McGinn

    Oddly, amazingly, inexplicably, in a business where words are never in short supply, only one word seems to work when it comes to characterizing a lawyer’s commitment to clients, says Dan McGinn, a national reputation management adviser who has counseled nearly half the Fortune 100.

  • Corporate Counsel: Consumer Becomes Provider

    Mark A. Cohen

    Corporate legal departments are in the midst of a “golden age,” while law firms are feeling the squeeze. Let's take a look at the causal connection, says Mark A. Cohen, an adjunct professor at Georgetown Law School and founder of Legal Mosaic LLC.