Despite decades of industrywide initiatives, movement up the ladder has stagnated for minority lawyers. Here, five industry success stories tell Law360 about the paths they took and what needs to change in BigLaw.
The Equal Employment Opportunity Commission slapped international industrial device maker IDEC Corp. with a lawsuit in Illinois federal court Friday over claims that its Illinois office fired an employee it considered disabled.
Schiff Hardin LLP is boosting its trusts and estates practice with the addition of a partner from Winston & Strawn LLP and two associates who are joining the firm’s Chicago office.
Health care-focused private equity shop Cressey & Co. LP on Monday said it snapped up $1.1 billion from investors for its latest private equity fund and co-investment vehicle, with Kirkland & Ellis LLP guiding the firm.
Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.
The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.
While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.
Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.
For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.
The Judicial Panel on Multidistrict Litigation on Thursday sent several suits alleging an unlawful manipulation of the Chicago Board Options Exchange's volatility index to Chicago federal court, saying the move will ensure efficiency and consistency while litigating the case’s complex issues.
Ten firms are slated to guide 10 initial public offerings projected to raise about $1.3 billion during the week of June 18, representing a lineup dominated by biotechnology issuers plus a real estate investment trust as IPO season hits a busy stretch before the July 4 holiday.
Volleyball players and their parents who accuse elite coach Rick Butler of hiding past sexual abuse allegations from them blasted what they called his “run-of-the-mill” attempt to escape their proposed class action, saying Thursday he had presented nothing to show their claims are false.
Chicago Cooling Corp. on Thursday sued a law firm that it hired to help sell the company's assets, claiming in its Illinois state court suit that its attorney failed to alert it to potential penalties related to employee pensions that could require the company to shell out $500,000.
Walgreens Boots Alliance is reportedly close to taking more than 200,000 square feet of Chicago office space, a KKR joint venture is said to have dropped $250 million on a Miami office tower and developer Trammell Crow has reportedly picked up a Florida retail center for $30.1 million.
The federal government slapped a Chicago wholesale meat distributor with a lawsuit Thursday over claims it sold beef and chicken with labels that omitted legally required information despite repeated warnings from the U.S. Department of Agriculture.
The maker of Pyrex glassware has fleeced customers by switching the glass used in its products to one that is sensitive to changes in temperature and prone to shattering even though the cookware is advertised as durable, a proposed class of consumers claimed Thursday in Illinois federal court.
A Citigroup Inc. unit has agreed to pay $100 million to 41 U.S. states and the District of Columbia for manipulating its U.S. Dollar London Interbank Offered Rate submissions in order to dodge bad publicity, prosecutors said Friday.
Akerman LLP announced it has named real estate and municipal law attorney Meg George as its newest managing partner in its Chicago office, making her the youngest woman to serve in a managing partner role for the firm.
An Illinois federal judge on Thursday handed PepsiCo Inc. a quick win in a trademark suit brought by sports nutrition consulting firm SportFuel Inc., saying that Gatorade Co.'s slogan "Gatorade The Sports Fuel Company" is clearly fair use.
The U.S. Department of Justice urged the Seventh Circuit on Thursday to rule by Monday on the agency’s pending bid to stay a nationwide injunction of a prohibition on releasing public safety funds to so-called sanctuary cities, but the court responded hours later denying the request.
Running a successful consumer products company has never been easy. Rapidly evolving technologies, an uncertain economy and changing government regulations appear primed to complicate the already challenging task of navigating legal issues, say Erin Bosman and Julie Park of Morrison & Foerster LLP.
Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.
In April, an Illinois federal judge powered down a proposed class action against VTech Electronics following a 2015 data breach of its internet-connected digital learning toys. But the breach also triggered a Federal Trade Commission enforcement action, resulting in a $650,000 settlement. Both developments illustrate the increasing exposure that the internet of things brings for consumer product manufacturers, say attorneys with Morrison & Foerster LLP.
Despite the partiality some courts have shown to live video testimony, it provides no advantages — and several disadvantages — over the tried-and-true method of videotaped depositions, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
As renewable energy and energy storage drive electricity prices down, generation revenues should further decline, which should lower the valuation of coal, nuclear and natural gas power plants. Yet assessments of fossil fuel generation assets have generally remained steady, suggesting they are being significantly overvalued, says Mark Lansing of Dickinson Wright PLLC.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.
Connecting with potential prospects is now more challenging due to the EU General Data Protection Regulation, meaning that law firm microsites, blogs and social media will become more valuable than ever. The firms that deploy them strategically will increase their relative visibility and accelerate the rebuilding of their opt-in distribution lists, says Stephan Roussan of ICVM Group.
While many states employ some form of throw-back rule in calculating sales factor, Illinois’ espousal of both a throw-back and throw-out rule is unique. Given the incompatibility between Illinois’ market-based sourcing, Illinois’ use of throw-out is likely to generate substantial controversy, says Christopher Lutz of Horwood Marcus & Berk Chtd.
The U.S. Supreme Court’s decision in Murphy v. National Collegiate Athletic Association was focused on sports betting but could be construed as conferring substantially more power on states in general, on issues including gun control, marijuana legalization and sanctuary cities, says Cory Lapin of Manning Gross & Massenburg LLP.
As the Judicial Panel on Multidistrict Litigation heads to Chicago for its May 31 hearing session, Alan Rothman of Arnold & Porter observes the panel’s golden anniversary with a retrospective look at its origins in the enactment of the MDL statute in April 1968, and reviews its most recent hearing session held in Atlanta on March 29.