Despite the fact that a large swath of BigLaw followed suit after Cravath Swaine & Moore LLP raised associate pay earlier this month, at least 17 major firms are bucking the trend, a move experts say brings sanity to an industry caught up in a dangerous domino effect.
Brazil, South Korea and the United Arab Emirates have emerged as top hubs for international law firm expansion in 2016, amid a climate of increased capital investment, infrastructure projects, and mergers and acquisitions activity.
For the sixth straight year, Law360 has selected and ranked the 20 law firms that have the biggest global presence and handled the largest, most groundbreaking international and cross-border matters over the past year.
The percentage of law firms planning to hire new legal professionals in the coming months has hit a three-year high, according to the staffing firm Robert Half Legal, with two-thirds of survey respondents saying it’s hard to find the skilled staff they need and a third worried about talented employees getting poached.
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.
BuckleySandler LLP told associates on Friday that it will issue firmwide summer bonuses instead of raising base salaries like scores of firms have done in recent weeks to meet the new gold standard set by Cravath Swaine & Moore LLP.
Pillsbury Winthrop Shaw Pittman LLP said on Friday it will match the new salary benchmark set by Cravath Swaine & Moore LLP for associates in U.S. markets, while news reports said that first-year Jones Day associates will also start at the new $180,000 standard.
With the stunning vote by the United Kingdom to leave the European Union, there was plenty to distract you from other notable corporate news. More minimum wage legislation, DOJ antitrust leadership changes, a U.S. Supreme Court punt in an overtime suit and more make this week's GC cheat sheet.
New business is the lifeblood for any successful law practice, but attorneys shouldn't always take cases from any Tom, Dick or Harry off the street. Here, legal industry experts and experienced attorneys discuss when it's best to tell prospective clients, "Thanks, but no thanks."
The co-chair of Gibson Dunn’s appellate and constitutional law practice group has been appointed general counsel to the U.S. House of Representatives, House Speaker Paul Ryan announced Friday.
It turns out lawyers are healthier eaters than their professional peers during the summer months, munching on quinoa, brussels sprouts and wheatgrass amid depositions, deals and client calls, information released Friday suggests.
White & Case LLP blazed trails in the past year as a client-driven international law firm through high-profile cross-border deals, formidable lateral hires and a strategic growth plan to increase its attorney headcount in New York and London that planted the firm near the top of Law360’s Global 20.
A Florida man was sentenced Friday to more than 300 years in prison after a jury found him guilty of attempting to murder a Florida federal judge who had convicted and sentenced him years earlier.
In-house counsel at an Association of Corporate Counsel conference Thursday acknowledged that even if they haven't created formal legal operations roles, they are all using legal ops techniques to decide which law firms to hire.
The days of wooing clients over dinners and rounds of golf are on the wane, according to the legal operations professionals with growing clout in the corporate in-house world. Under their leadership, law departments are adopting objective measures that take the emotion out of the hiring and firing of law firms and also provide a foundation for internal upgrades on both sides of the relationship.
Seven more firms have announced salary bumps for their associates in the wake of Cravath Swaine & Moore LLP’s new salary benchmark, firm representatives confirmed on Thursday, and one also told attorneys that it is instituting a new agile work policy.
A shorthanded U.S. Supreme Court was the center of the legal jungle this week, where a BigLaw team won a historic affirmative action case backing admission policies at the University of Texas. Our legal lambs are led by lawyers from Schiff Hardin LLP and Avey & Associates PLLC, whose child product client was hit with a $34 million verdict in a safety warning trial.
Attorneys aren’t often known for their people skills. Add a little bit of ego and a laser focus on winning a case to the mix, and it can be surprisingly easy for an attorney to inadvertently insult colleagues, staff or even the client footing the bill. Here, Law360 looks at some of the most egregious behaviors attorneys should avoid.
DLA Piper was one of the most aggressive law firms in terms of global office openings over the past year while it also handled a slew of complex cross-border deals, landing a spot among Law360’s Global 20 for the sixth consecutive year.
Allen & Overy LLP enlisted attorneys stationed around the globe to clinch another year of lucrative transactions, including helping brewing giant AB InBev fund its $100 billion-plus acquisition of SABMiller and assisting on a $27 billion, three-way merger that created the world’s largest independent Coca-Cola bottler, landing the firm atop Law360’s Global 20 for the second consecutive year.
Chief Justice John Roberts and Justices Stephen Breyer and Samuel Alito held stock in companies that appeared before the high court in 2015 — Microsoft, Cisco Systems and Johnson Controls, respectively — while Alito finally offloaded the Exxon Mobil stock that forced him to recuse himself from the Exxon Valdez case, according to a watchdog group.
Gibson Dunn & Crutcher LLP on Tuesday won a pause to an May order removing it as counsel for McDermott Will & Emery LLP and an estate planning partner, Jonathan Lurie, in a pair of legal malpractice cases.
Despite the rapid globalization of their clients, law firms haven't been as quick to spread their wings internationally, at least when it comes to combining with other firms across borders. Here, experts give Law360 three reasons why cross-border law firm mergers have been rare in recent years.
Haynes and Boone LLP and Sheppard Mullin Richter & Hampton LLP have each boosted associate salaries to match the new Cravath Swaine & Moore LLP benchmark, representatives for the firms confirmed Wednesday.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
No one understands the concept and obligations of “fiduciary duty” better than legal professionals — and yet, many law firm partners and principals may be overlooking a significant source of liability in their practices, says Tom Zgainer, CEO and founder of America’s Best 401k.
Criminal defense lawyers consider Judge John Adams of the Northern District of Ohio and Judge Otis Wright of the Central District of California tough sentencers. Judge Justin Quackenbush of the Eastern District of Washington and Judge Walter Rice of the Southern District of Ohio are viewed as being at the opposite end of the spectrum. With those reputations, it was interesting to learn how similar they all are on what constitutes g... (continued)
It's no secret that law firms are generally thought of as having one of the lowest commitments to diversity among industry groups. But that perception is juxtaposed against the fact that many have gender diversity initiatives. So why is there so little progress? The answer is complex, but bridging the disconnect lies in ensuring that certain elements of a gender diversity and inclusion initiative are firmly in place, says Robyn Pol... (continued)
The real threat to law firms comes from in-house legal departments, which have increased in size, prestige, management responsibility, and attractiveness to top legal talent. But it’s not just labor arbitrage that accounts for the shift from outsourcing work to doing it in-house, says Mark A. Cohen, founder of Legal Mosaic LLC.
In a survey of former U.S. Supreme Court law clerks who screened amicus briefs, nearly all reported that they looked at every single amicus brief filed. However, some briefs were only briefly skimmed. For an amicus brief to get serious consideration, it should be clear on its face that it presents the court with relevant arguments or information that have not already been brought to its attention by the parties, says David Forman o... (continued)
The incident at Mossack Fonseca just scratched the surface of demonstrating the lack of cybersecurity resources within the legal sector, says Mark Stevens of Digital Guardian. Here’s a look at the history of events leading up to the latest law firm hack.
Most attorney bios fail miserably. They are typically boring and poorly written. They do not inspire confidence or incline the viewer to consider retaining the featured lawyer to represent them, much less write one sentence in the Queen’s English on their behalf. In short, they are weak advocacy, says attorney and HR professional Meena Patel.