Business of Law

  • September 18, 2017

    Ex-Dewey CFO Says It's Only Fair He Doesn't Serve Time

    Former Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders urged a New York judge on Monday to impose a no-jail sentence, arguing the prosecution's request for a four-year sentence is turning "a blind eye to reality" in comparing Sanders with major Ponzi schemers.

  • September 18, 2017

    Global 20: Hogan Lovells

    Hogan Lovells may have slowed its expansion, but the depth of its staff has served it well over the last year in complex and labor-intensive matters like Libor litigation, securing it a place in Law360's Global 20 for the seventh year running.

  • September 18, 2017

    Former Paul Weiss Atty Pleads Guilty To Child Porn Charge

    A former Paul Weiss Rifkind Wharton & Garrison LLP staff attorney will be sentenced in December after pleading guilty in Virginia federal court on Friday to transmitting multiple videos and still images of child pornography.

  • September 18, 2017

    Is The Legal Sector Ready For A New Law Firm Model?

    A pair of entities launched Thursday push the boundaries of what it means to be a law firm, pairing a venture capital-backed technology company with a law firm, a model some say could flourish in today’s technology-hungry legal industry.

  • September 18, 2017

    Litigation Financing Co. Closes Second Fund At $500M

    Litigation funder Longford Capital Management LP on Monday said it closed its second private investment fund at its $500 million cap and hailed the fund as the largest of its kind in North America.

  • September 15, 2017

    Posner’s Book Reveals Deteriorating Ties With Chief Judge

    Retired Judge Richard Posner has come under fire from his former boss, the chief judge of the Seventh Circuit, after his latest book slammed decisions she made over a program that handles litigants who represent themselves before the appeals court.

  • September 15, 2017

    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.

  • September 15, 2017

    Judge's Suit Over Psych Exam To Test Oversight Limits

    A federal judge sued the judiciary and its disciplinary panels after they tried to make him submit to a psychiatric evaluation, a move that will tee up a rare constitutional test of a judicial oversight law and test the limits of how far court authorities can go to control judges with lifetime appointments, experts said.

  • September 15, 2017

    Justice Strine Catches Flak For Delaware's Diminished Rep

    Delaware’s Chief Justice Leo E. Strine Jr., with his biting wit and forceful personality on the bench, is facing fire from some for the First State’s tarnished reputation among many business leaders, with attorney Alan Dershowitz calling him “an unfortunate face” for the state.

  • September 15, 2017

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    Delaware fell precipitously in its ranking for business litigation, Federal Trade Commission acting Chairman Maureen Ohlhausen pushed back on calls for a more aggressive approach to antitrust enforcement of the digital economy, and the National Labor Relations Board will likely be ramping up the number of decisions it releases over the next three months. These are some of the top stories in corporate legal news you may have missed last week.

  • September 15, 2017

    Pa. Fed Court Humming Despite Vacancies, Chief Judge Says

    Productivity at the U.S. District Court for the Eastern District of Pennsylvania, the third-largest federal bench in the country, has remained high even with three nagging judicial vacancies, the court's new chief judge told Law360 in an exclusive interview.  

  • September 15, 2017

    Judge Pushes SEC To Come To Terms With Dewey Duo

    U.S. District Judge Valerie E. Caproni prodded the U.S. Securities and Exchange Commission on Friday to “swallow hard” and decide on whether to settle fraud claims against ex-Dewey & LeBoeuf LLP chief financial officer Joel Sanders and Stephen DiCarmine, the fallen firm's former executive director.

  • September 15, 2017

    Global 20: DLA Piper

    While DLA Piper’s sprawling international presence allows it to oversee multibillion-dollar acquisitions like Qualcomm’s purchase of NXP Semiconductors, it also helps the firm fully respect and embrace an array of local cultures, earning it a spot on Law360’s Global 20 list for the seventh consecutive year.

  • September 14, 2017

    12 U.S. Attorneys Confirmed In Bulk Senate Vote

    Twelve nominees tapped by President Donald Trump for U.S. attorney roles at the U.S. Department of Justice were among the dozens of appointments confirmed Thursday by the Senate.

  • September 14, 2017

    Texan FEC Pick Unlikely To Be Derailed By Tweet Drama

    President Donald Trump's Federal Election Commission pick, Austin attorney and Akerman LLP partner James E. “Trey” Trainor III, is facing criticism from watchdog groups for his fights against government transparency and tweets some are calling anti-protestant, but experts said that is unlikely to affect his confirmation to the post.

  • September 14, 2017

    Law360's Weekly Verdict: Legal Lions & Lambs

    Sullivan & Cromwell LLP secured a spot among the legal lions this week by defeating a long-running securities class action against Barclays over a $2.5 billion notes offering, while Niro McAndrews LLC ended up on the legal lambs list after a $54 million trade dress infringement verdict the law firm won for Black & Decker was thrown out.

  • September 14, 2017

    Global 20: Allen & Overy

    Allen & Overy LLP churned out another year of industry-leading deal volume that includes work on worldwide firsts like Mozambique’s $25 billion Coral South liquid natural gas megaproject, earning its fifth consecutive spot on Law360’s Global 20 list.

  • September 14, 2017

    Senate Panel OKs Trump's 8th Circ., Fed. Claims Court Picks

    The U.S. Senate Judiciary Committee cleared the way Thursday for the approval of several federal court nominees, including a North Dakota federal judge to the Eighth Circuit and a Schaerr Duncan LLP partner to the U.S. Court of Federal Claims.

  • September 14, 2017

    Ex-Litchfield Cavo Attorney Loses Sex Bias Arbitration

    A former Litchfield Cavo LLP associate who claims her former boss humiliated her with smutty talk lost her discrimination case in arbitration and is looking to off-load her attorney, it was revealed in New York federal court on Thursday.

  • September 14, 2017

    One Of Dewey 'Secret Seven' Cooperators Sentenced

    A Manhattan judge sentenced one of seven former Dewey & LeBoeuf LLP employees who pled guilty and cooperated in the prosecution of three of the firm's executives, giving former director of revenue support Dianne Cascino an agreed-upon sentence of community service on Thursday.

Expert Analysis

  • A Guide To The Executive Branch Official Nomination Process

    Adam Raviv

    Although the Trump administration has completed the vetting and confirmation of a cabinet and White House staff, thousands of senior positions remain unfilled throughout the executive branch. More than ever, people selected for those posts find themselves under close scrutiny, say Adam Raviv and Reginald Brown of WilmerHale.

  • Series

    What I Learned In My 1st Year: Never Give Up

    Alan Hoffman

    In my first week of practice, I was assigned to litigation that had been pending for 17 years. No discovery had been done, and the case was set for trial or dismissal in less than 60 days. From what followed, I learned some of the most important lessons of my career, says Alan Hoffman of Husch Blackwell LLP.

  • Series

    My Supreme Court Debut: A Lot Of Questions, A Little Luck

    John Bursch

    On the day of my first argument at the U.S. Supreme Court, after I survived the security screening process, I found myself in the lower-level hall where the statue of Chief Justice John Marshall is located. On the advice of a colleague, I rubbed Marshall’s shoe for good luck, says John Bursch, former solicitor general of Michigan.

  • How Collaboration Is Changing Inside Some Law Firms

    Chris Cartrett

    In our recent survey of business of law professionals, nearly half of respondents said that who they collaborate with, inside their law firm, is different from five years ago, says Chris Cartrett of legal software provider Aderant.

  • Opinion

    Dealing With Difficult Lawyers

    Alan Hoffman

    Some lawyers tend to be overly aggressive, regarding law practice as a zero-sum game in which there are only winners and losers. The best response is to act professionally — separating the matter at hand from the personalities. But it is also important to show resolve and not be vulnerable to intimidation, says Alan Hoffman of Husch Blackwell LLP.

  • Series

    My Supreme Court Debut: Inspiration From Eminem

    Erin Murphy

    One particularly memorable moment of my first U.S. Supreme Court argument was when the courtroom erupted in laughter. Until then, I had honestly forgotten there was a courtroom full of people behind me. So if nothing else, at least I had taken the advice from my go-to inspirational song — Eminem’s “Lose Yourself” — to heart, says Erin Murphy of Kirkland & Ellis LLP.

  • Shkreli Trial And Other Magic Tricks: A Chat With Ben Brafman

    Randy Maniloff

    Ben Brafman’s clients don’t need a lawyer — they need a magician. And for 40-plus years, the man has been pulling rabbits out of hats, most recently finding jurors able to sit fairly in judgment of Martin Shkreli, called “the most hated man in America.” Last month I visited Brafman to discuss his remarkable career, says Randy Maniloff of White and Williams.

  • The Psychology Of Hourly Fee Arrangements

    J.B. Heaton

    The range of possible and better fee agreements is wide. But such alternatives will become popular only if litigants confront the psychological tendencies shaping their existing fee arrangements, says J.B. Heaton, a partner at Bartlit Beck Herman Palenchar & Scott LLP.

  • Series

    What I Learned In My 1st Year: Authenticity Is Key

    Amy Rubenstein

    Three important lessons from the beginning of my practice have stuck with me. From these lessons, I discovered that I am at my best when I am authentic — and because I am who I am, clients, counsel and courts find me credible, says Amy Rubenstein of Schiff Hardin LLP.

  • Practicing Law In The Era Of 3rd-Party Litigation Funding

    David Silver

    The growth of third-party litigation funding has added a distinct variable to the world of civil litigation. Such funding has and will continue to change the calculus for many corporations and their defense counsel as to the tipping point between settling or pursuing a case to a court decision, says David Silver of Silver Public Relations.