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Business of Law

  • June 15, 2018

    3 High Court Justices Dump Some, But Not All, Of Their Stock

    The amount of individual stock held in public companies by U.S. Supreme Court justices declined once again in 2017, but three members of the high court’s bench still combine to hold shares in more than 40 entities, according to an analysis of financial disclosures released Thursday by watchdog group Fix the Court.

  • June 15, 2018

    Sidley, Freshfields, Others Jump Into Associate Pay Race

    Sidley Austin LLP joined Freshfields Bruckhaus Deringer LLP, Clifford Chance LLP and at least four more firms on Friday in announcing they’ll match Cravath Swaine & Moore LLP's increased associate pay scale.

  • June 15, 2018

    Female Attys Take To Twitter As Senate Looks At Harassment

    Female lawyers took to Twitter this week to share experiences of sexual harassment in their professional lives after a Senate Judiciary Committee hearing on such harassment in U.S. courts.

  • June 15, 2018

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    A retail industry association, Comcast Corp. and others continue to urge the Federal Communications Commission to create a database of reassigned phone numbers that would come with a liability shield for those who use it, a federal judge ruled AT&T can complete its $85 billion purchase of Time Warner, and the European Union has moved forward in establishing a new blocwide cybersecurity agency that proponents say will promise a level of data security on products like connected cars and smart medical devices. These are some of the stories in corporate legal news you may have missed in the past week.​

  • June 14, 2018

    New Manatt Head To Ambitious Young Lawyers: 'Be Curious'

    Donna Wilson, the next managing partner and CEO of Manatt Phelps & Phillips LLP, has a piece of advice for law students and young lawyers who aspire to lead a large firm one day: “Be curious.”

  • June 14, 2018

    BigLaw Firms Clamor To Match Cravath In Associate Pay Race

    Skadden, Cleary and Weil Gotshal are among the law firms that have recently added their names to a growing list of shops that plan to match the associate salary raises and bonus structure put forth earlier this week by Cravath.

  • June 14, 2018

    Law360's Weekly Verdict: Legal Lions & Lambs

    The legal lions this week are led by a team of attorneys that successfully argued in D.C. federal court that AT&T's acquisition of Time Warner should proceed over the objections of the U.S. Department of Justice, while the legal lambs list kicks off with embattled Trump advocate Michael Cohen.

  • June 14, 2018

    Trump Pick For Okla. Judgeship Advances Over Dems' Gripes

    A judge on the shortlist for future U.S. Supreme Court openings made progress Thursday toward an Oklahoma federal court post, despite complaints from Democrats about his previous attacks on the U.S. Environmental Protection Agency and his lack of American Bar Association vetting.

  • June 14, 2018

    4 Ways To Become Influential At Your Law Firm

    Becoming an influential force within a large law firm can be difficult; there are social dynamics to navigate, legal work to juggle, and no guidebook on how to have sway. Here, those with influence in their firms offer up four tips on how to build clout.

  • June 13, 2018

    Ex-Dewey CFO Gets Discovery Stay For Criminal Appeal

    Dewey & LeBoeuf LLP's former chief financial officer, who was convicted of fraud, won a bid Tuesday to pause discovery in the U.S. Securities and Exchange Commission’s New York federal suit against him while his criminal case is still on appeal.

  • June 13, 2018

    Michael Cohen Splits With McDermott Legal Team

    Michael Cohen, personal attorney and self-described “fixer” for President Donald Trump, is in need of a new legal team as he splits with McDermott Will & Emery LLP, according to media reports Wednesday.

  • June 13, 2018

    Avenatti's Ex-Partner Seeks Assets To Satisfy $10M Judgment

    A former partner at Eagan Avenatti LLP has asked a California bankruptcy court to turn over the defunct class action firm’s assets to him to satisfy a $10 million judgment — a request that includes payments tied to Michael Avenatti’s representation of Stormy Daniels in her lawsuit against President Donald Trump.

  • June 13, 2018

    Paul Weiss Ties Cravath's Associate Salary Bumps

    Paul Weiss Rifkind Wharton & Garrison LLP confirmed it has joined at least two other law firms in catching up to the new associate pay scale and bonus structure put forth this week by Cravath Swaine & Moore LLP.

  • June 13, 2018

    The Firms That Get Clients To Pay The Highest Rates

    When asked which firms manage to secure the highest rates clients are willing to pay, legal decision makers keep coming back to the same 31 firms, according to a new report released Wednesday.

  • June 13, 2018

    Sens. Slam US Courts' Action Plan On Sexual Harassment

    U.S. senators on Wednesday criticized efforts by the federal courts to address sexual harassment and other workplace misconduct by judges, calling a report on the topic released by the administrative body of the federal court system "exceedingly vague" and insufficient.

  • June 13, 2018

    LeClairRyan Has Done Away With Paralegals, Secretaries

    U.S. law firm LeClairRyan no longer employs its own operational staff, and instead sends all nonbillable work to a joint venture it has formed with law company UnitedLex, in a groundbreaking new arrangement the firm announced Wednesday.

  • June 12, 2018

    Guess Exec Resigns After Glaser Weil's Misconduct Inquiry

    Guess? Inc. has announced that co-founder Paul Marciano has resigned as executive chairman of the lifestyle brand after Glaser Weil LLP found he exercised “poor judgment” when communicating with models and photographers, adding that he and the company agreed to settle five individuals’ allegations of inappropriate conduct for $500,000.

  • June 12, 2018

    ABA Revokes Accreditation From For-Profit Ariz. Law School

    In what the American Bar Association says may be the first time an operating law school’s accreditation approval has been involuntarily revoked, the organization announced last week that it is withdrawing its stamp of approval from for-profit Arizona Summit Law School and giving the school 10 days to appeal.

  • June 12, 2018

    2 Firms Catch Up To Cravath's Associate Pay Raise

    Debevoise & Plimpton LLP and New York-based commercial litigation boutique law firm Holwell Shuster & Goldberg LLP on Tuesday announced they have adopted new associate pay scales and bonus structures that match the raises made public a day earlier by Cravath Swaine & Moore LLP.

  • June 12, 2018

    Ex-Locke Lord Partner Faces Financial Fraud Charges In UK

    A former banking partner at Locke Lord LLP will face two counts of fraud in an English court in July for allegedly inflicting financial losses on members of a multimillion-pound investment scheme, the Crown Prosecution Service told Law360 on Tuesday.

Expert Analysis

  • BigLaw Blogs In A Post-GDPR Marketing Universe

    Stephan Roussan

    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.

  • Analyzing The Economics Of Litigation Funding

    J.B. Heaton

    The growth of litigation funding has only increased the controversy surrounding it. Looking to move beyond the rhetoric for and against the practice, attorney and investment analytics expert J.B. Heaton, of J.B. Heaton PC and Conjecture LLC, attempts an objective analysis of the underlying economics of the litigation funding arrangement.

  • Rule 23 Changes: How Electronic Notice Can Save Money

    Brandon Schwartz

    Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.

  • How We Got Here: A Look Back At Trailblazing Women In Law

    Jill Norgren

    Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.

  • Getting The Snaps And Tweets Into Evidence

    Matthew Hamilton

    Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence.

  • A Preview Of Tomorrow’s Appellate Lawyers

    Alexandra Newman

    In this discussion based on Richard Susskind's "drivers of change" in the legal industry, Grant Thornton LLP associate counsel Alexandra Newman and Northern District of Illinois law clerk Logan Steiner offer insights into how future appellate lawyers will adapt to increasing technological disruption, demand for lower cost services and competition among service providers.

  • Introducing The Legal Industry To Millennial Business Owners

    Yaima Seigley

    ​The current business climate has produced vast opportunities for seasoned lawyers to create valuable connections with millennial business owners, but first lawyers must cleanse their palate of misconceptions regarding millennials, says Yaima Seigley of Isaac Wiles Burkholder & Teetor LLC.

  • Opinion

    Litigation Funding Bill Lacks Policy Rationale

    Matthew Harrison

    Republican senators recently introduced "The Litigation Funding Transparency Act of 2018" with the purported goal of keeping the civil justice system honorable and fair. However, it would do exactly the opposite by imposing more barriers to entry for claimants trying to bring meritorious lawsuits against massive corporations, says Matthew Harrison of Bentham IMF.

  • Opinion

    Why Won't Judicial Nominees Affirm Brown V. Board Of Ed?

    Franita Tolson

    On May 17, 1954, the U.S. Supreme Court decided Brown v. Board of Education, recognizing a moral and legal truth that should be beyond question in American society. The refusal by some of President Donald Trump's judicial nominees to say whether they believe the case was decided correctly is indicative of the narrow-minded elitism they would bring to the bench, says professor Franita Tolson of the University of Southern California's Gould School of Law.

  • The Lawyers' Guide To Cloud Computing

    Daniel Garrie

    In deciding whether cloud computing is right for the organization or firm, an attorney must consider cloud computing’s significant impact on the electronic discovery process, say Daniel Garrie, managing partner at Law & Forensics LLC, and David Cass, chief information security officer at IBM Cloud.