Law360 congratulates the winners of its 2017 Practice Group of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
Law360’s Firms of the Year rose above the competition with a combined 24 Practice Group of the Year awards after helping their clients win game-changing judgments and close record-breaking deals in 2017. Here’s a closer look at how they landed at the top.
A New York federal judge on Friday refused pleas from banks and mortgage companies to scale back his order allowing costly subpoenas for loan documents to go forward in a U.S. Department of Justice civil action against Barclays PLC over $31 billion worth of toxic residential mortgage-backed securities, saying it’s the cost of doing business.
The Commodity Futures Trading Commission filed suit and obtained an immediate restraining order Friday against Blue Guru Trading LLC and two of its principals for alleged fraud and misappropriation in obtaining some $750,000 in investments for a supposed futures pool.
The Surface Transportation Board determined Thursday that railroad giant CSX Transportation Inc. overcharged Michigan's public utility to ship coal from Chicago, Illinois, to a Michigan generating station, saying CSX will have to pay reparations in a complex rate dispute covering a key freight rail corridor.
A New York federal judge on Friday confirmed a $3 million arbitral award that General Electric Co. won against a manufacturer and a seller in a dispute concerning their contractual obligation to indemnify GE in a lawsuit over damage that an allegedly defective refrigerator caused.
Construction lienholders with $250 million or more in claims against bankrupt M&G USA Corp.’s $1.7 billion case dismissed the debtor’s proposed Chapter 11 claim settlement process as an “abject failure” late Thursday, and urged the Delaware Bankruptcy Court to reject the plan.
A Houston-area lawyer has dropped the suit against his former law firm Walne Law PLLC, in which he alleged the firm violated a fee agreement and denied his right to a share of fees from an underlying contract dispute that could yield millions of dollars in damages.
The Texas Supreme Court on Friday declined to take up a challenge brought by a Rhode Island attorney who argued that a lower appellate ruling wrongly found that Texas is where he must face a former client’s legal malpractice lawsuit over her hernia mesh litigation.
A Pennsylvania appeals court Friday overturned a determination by the state’s Office of Open Records granting Sunrise Energy LLC access to correspondence between the state’s Public Utilities Commission and FirstEnergy Corp. connected to litigation over an electricity deal between the companies.
A dealership's fraud and negligent misrepresentation claims against San Antonio Spurs small forward Rudy Gay and his sales agent over a damaged Rolls-Royce Phantom must be tossed because the economic loss doctrine bars them, the agent told a Missouri federal court Thursday.
A New York state appellate panel on Thursday reversed a quick win given to two Genesis Merchant Partners investment funds against Gilbride Tusa Last & Spellane LLC on the question of the firm's liability for legal malpractice in an $85 million suit alleging it mishandled security interests in life insurance policies backing three loans made by the funds.
A subsidiary of one of Mongolia's largest coal producers has been ordered by a Hong Kong arbitral tribunal to repay $11.5 million to a commodities firm following a dispute stemming from a coal supply agreement, according to a Thursday notice.
A Texas federal judge ruled Thursday that drilling contractor Hercules Offshore Inc. had assumed the duty of defending a drilling parts maker against claims it caused an offshore drilling fire when Hercules took over a bankrupt business.
The Eleventh Circuit on Thursday upheld a district court finding that the Florida courts are the wrong place for an aircraft leasing company to sue a South African insurance brokerage and its U.K. counsel over a coverage dispute for a plane crash in Guinea.
A Florida judge on Wednesday signed off on a settlement ending an entrepreneur's suit accusing wireless service provider Brightstar Corp. of manipulating the facts surrounding the termination of their former joint venture in an effort to reduce the payout of his company's ownership share.
A New York federal judge on Wednesday revived Deutsche Bank’s claim that Morgan Stanley breached a contract by failing to notify it about problems in the residential mortgage trust at issue in a $306 million suit, saying the law had changed since the claim was dismissed.
A Texas manufacturer petitioned the Supreme Court on Wednesday to smooth out a disagreement among the federal circuits over how courts should decide when the arbitrability of a dispute should be determined by arbitrators, and when that question is best left to judges.
A New York bankruptcy judge Monday gave offshore oil servicer Toisa Ltd. another 10 days to solicit it debtors for approval of its Chapter 11 plan.
Transamerica Life Insurance Co. has been hit with roughly $200,000 in sanctions for obstructing the discovery process in California federal court in a suit brought by a predominantly African-American church congregation that accuses the insurer of jacking up its rates partly because of their race.
A California district court's recent decision in TCL v. Ericsson offers two practical approaches that can be used by implementers and standard-essential patent holders, as well as other courts, to assessing a fair, reasonable and nondiscriminatory royalty rate, say Fei Deng and Mario Lopez of Edgeworth Economics LLC.
Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.
A Florida district court is poised to decide several interesting questions in St. Paul v. Rosen, offering policyholders guidance on the extent to which traditional insurance policies can protect them from data breaches and on whether policyholders' corporate affiliates can look to their policies for protection, say Jan Larson and Alex Langlinais of Jenner & Block LLP.
Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape reshapes itself, harnessing six emerging roles within their organizational charts to embrace new approaches, tools and systems, says Rob MacAdam of HighQ.
As the economic situation in Venezuela continues to deteriorate and the number of bond defaults continues to mount, the Third Circuit’s recent ruling against Crystallex is a poignant reminder about the challenges of recovering on claims against a determined sovereign. However, Crystallex is not without further litigation options, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.
Highly profitable companies have comprehensive corporate wellness programs that realize plateauing health care costs, greater employee engagement, and a demonstrable competitive advantage. The legal field needs a similar awakening, says Rudhir Krishtel, a former partner of Fish & Richardson and senior patent counsel at Apple.
While each new year is expected to bring fresh challenges to the legal industry, 2018 will be particularly disruptive to the status quo. Both law firms and organizations that cater to the legal community should prepare for developments like increasing pressure from international clients and data security risks caused by multigenerational gaps, says Jeff Ton of Bluelock LLC.
One probable reason for the recent shift in focus by the Office of Foreign Assets Control toward export-related transactions is that the agency’s enforcement efforts targeting big banks have worked. With fewer cases to bring against them, OFAC seems to be moving on to new weak spots in enforcement, say Sean Kane and Susie Park of Hughes Hubbard & Reed LLP.
All too often, lawyers just think about “getting through” the deposition phase without fully taking advantage of the opportunity to develop their story. But following a few basic rules on the front end can help maximize the impact of a deposition at trial, say Bethany Kristovich and Jeremy Beecher of Munger Tolles & Olson LLP.
Developers utilizing air rights transfers in New York City must understand the process for obtaining such rights, as well as the provisions generally included in zoning lot development and easement agreements, says Robin Kramer of Duval & Stachenfeld LLP in the final part of this article.