BigLaw firms are gearing up to dole out hefty associate bonuses, likely surpassing last year’s impressive paydays in an attempt to retain top talent in an increasingly competitive associate market, experts say.
The Fortune 500 lost a quarter of its black general counsel in the last year, and diversity among all minorities saw a backslide despite the fact that more than 60 of the largest U.S. companies appointed new top lawyers, according to survey from the Minority Corporate Counsel Association released Monday.
If your only impressions of life as an in-house lawyer are gleaned from exchanges with your clients or based on the escape fantasies you conjure on your worst BigLaw days, here’s a wake-up call: It may not be what you think.
Competition between law firms vying for new work can be intense, and attorneys responding to requests for proposals may be tempted to do everything in their power to dazzle the corporations seeking outside legal services. But lawyers should proceed with caution and avoid an information overload, experts say. Here, Law360 looks at what you should leave out of your next response to an RFP.
A juror in the trial of former New York State Assembly Speaker Sheldon Silver raised eyebrows when she asked to be excused just two hours into deliberations, citing discomfort and stress. But it certainly wasn't the first time that discussions in the jury room became dramatic. Here, Law360 looks at four times the actions of jurors threatened to overshadow trials.
The New York Bar Association has determined that a lawyer must conduct an independent inquiry before entering into a partnership with a foreign lawyer to ensure the partnership wouldn’t compromise New York’s ethical standards, including those for attorney-client confidentiality.
Any secret a client keeps from outside counsel can be a liability, but certain types are especially harmful, lurking in the shadows like a grenade with the pin pulled. Here, experts discuss the most menacing secrets clients hide.
The Manhattan District Attorney’s office will soon decide whether or not to retry the former top executives of Dewey & LeBoeuf LLP on charges of conning lenders and investors into backing the troubled law firm, the U.S. Securities and Exchange Commission said Wednesday.
Following years of increasing popularity among companies seeking to escape the long arm of U.S. taxes, inversion deals are in the hot seat after Pfizer Inc. announced a blockbuster merger with Irish drugmaker Allergan PLC on the tail of the IRS' new attempts to halt the practice. So how did we get here? Here’s what you need to know.
On the heels of expansions in China and Italy, Dentons on Wednesday announced that Luxembourg’s OPF Partners will be bringing 34 lawyers to Dentons Europe LLP in what the firm described as its 10th transformative initiative of the year.
In today's post-Enron legal landscape, businesses are increasingly clamoring for trusted tax advisers, presenting more opportunities for attorneys looking to jump from the Big Four to BigLaw. In the first of a two-part series, experts share four tips for successfully landing on the other side.
A proposal to overturn a 2013 change in the standards for the admissibility of expert testimony in Florida state courts drew the support of more than two-thirds of respondents during a recent comment period, the Florida Bar revealed Tuesday, but several influential groups voiced their opposition.
Monday’s sudden announcement that Burleson LLP would be closing its doors at the end of 2015 highlights the wide-reaching impact of the ongoing downturn in energy prices and should serve as a warning to firms considering rapid growth.
The offices of Law360 will be closed Thursday and Friday for the Thanksgiving holiday. Newsletter service will resume Monday, Nov. 30.
Convicted fraudster Calvin R. Darden Jr. told jurors Tuesday in the fraud trial of former Bryan Cave LLP attorney Harvey Newkirk that he and Newkirk created a litany of fake documents that associated them with Darden's wealthy father in a failed effort to buy Maxim magazine with millions of dollars in borrowed money.
Jacoby & Meyers LLP has urged the Second Circuit to revive its suit challenging the constitutionality of New York regulations prohibiting law firms from selling stakes to nonlawyers, arguing that the district court was mistaken when it dismissed the suit.
The holidays are a constant struggle for BigLaw attorneys who can’t seem to swap their smartphones for turkey drumsticks or client negotiations for heated conversations with relatives. Here are three tips to help you disconnect and find time to relax during the holidays.
Citing a downturn in revenues due to decreasing oil prices, Houston-based energy firm Burleson LLP will close all five of its offices by the end of the year, managing partner Richard Burleson confirmed Monday, saying that nearly 60 attorneys remain as the firm begins winding down.
With the market for bankruptcy work as competitive as ever, lawyers need to think strategically about their practice in order to land new business. Here, experts share steps lawyers should take to get new clients and maintain their practice during upturns in the economy.
John E. Zuccotti, a New York lawyer at Weil Gotshal & Manges LLP and executive at Brookfield Property Partners LP who was a key figure in the rebuilding of Lower Manhattan after the 9/11 attacks, has died at 78.
People are turning to apps for everything from banking to grocery shopping, and some law firms have gotten in on the trend with branded apps available to clients or the general public. But producing apps could lead to risks, like creating unintended attorney-client relationships or simply wasting resources on useless products. Here, Law360 offers advice on how to get it right if your firm wants to offer an app.
Former Bryan Cave LLP transactional attorney Harvey Newkirk plans to take the witness stand in the government's fraud and identity theft case against him stemming from a failed Maxim magazine acquisition, his lawyer said Monday in New York federal court.
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.
The now-defunct Heller Ehrman LLP escaped a former client’s $100 million malpractice suit alleging the firm neglected to tell it a patent application had expired when the Ninth Circuit on Friday found the client waited too long to file suit.
Several developments over the past few months caught the eye of Jim Maiwurm, chairman emeritus of Squire Patton Boggs. Try as he might, he could not resist the temptation to comment on a few — such as the expansion of the Dentons “polycentric” empire, a confused verein controversy, and provocative suggestions that the law firm partnership model is a dinosaur.
The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.
A growing number of attorneys and firms are eschewing tradition by embracing technology to change not only the way we work, but also the way we organize our offices, says Anthony Johnson, founder and CEO of American Injury Attorney Group.
Over the past 35 years, Joe Kanka has experienced the corporate legal department from many angles, including management positions at a major law firm litigation support center, two legal staffing companies, and inside AT&T and Bell Atlantic. Here, he shares his 13 key business objectives that corporate legal departments must strive for in today’s business environment.
With so many emojis and emoticons being transmitted online and in text messages, it was inevitable that they would end up in communications used as evidence in court cases. But what do they mean? And when their meaning is in dispute, who should resolve the conflict — the court or the jury? These questions recently have arisen in a variety of civil and criminal cases, say Karen Henry and Jason Harrow of Davis Wright Tremaine LLP.
Nearly every U.S. in-house counsel has faced the task of tackling an impending overseas deal when only U.S. state law governed terms are at hand. While "localizing" a contract is one way to ensure that provisions comply with the relevant local law and local market practices, there are 10 key issues to consider, says Mark Webber at Fieldfisher.
As an associate in a large law firm, you may go years without seeing the inside of a courtroom in a major matter. Put simply, it’s hard to get trial experience. So what do you do if you are the lead associate on a big case that is actually going to trial? Caryn Clark and Brian Wright of Hunton & Williams LLP offer some tips they picked up as they raced through their first trials.
Led by Duke Law Center’s Advisory Council, which is comprised of several major corporations, an "invitation only" conference was held under rules of secrecy protecting the identity and affiliation of the speakers. Many companies on the council, such as GE, Pfizer and ExxonMobil, sponsor the center and testified in favor of the new federal rule, says Suja Thomas, a professor at the University of Illinois College of Law.
Law firms that are optimistic about pockets of growth and emerging energy markets appear less resistant to entering Mexico than other Latin American countries, but Colombia is probably a safer environment. Holland & Knight, DLA Piper, Baker & McKenzie and Norton Rose all currently have offices in Bogota, says Bruce Lubin, senior managing director of Lippman Jungers LLC.
As the curtain begins to fall on 2015, it’s especially important for attorneys at firms operating on a Dec. 31 year-end to finalize their tax planning strategies. One of the biggest challenges is identifying a financial adviser who understands the unique demands facing attorneys, especially those pursing an equity partnership or who have already attained that status, says Stuart Riemer of Treasury Partners.