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Business of Law

  • August 29, 2018

    Proskauer To Pay $63M To Settle Stanford Ponzi Case

    The court-appointed receiver in the R. Allen Stanford $7 billion Ponzi scheme case and a group of bilked investors have announced a $63 million settlement that would end further litigation against law firm Proskauer Rose LLP, which formerly employed a partner who represented entities affiliated with the fraud.

  • August 29, 2018

    How Paternity Leave Could Solve Law's Gender Imbalance

    Creating law firm partnerships in which men and women are equal in both number and power may come down to something as simple as offering new fathers substantial periods of paid paternity leave, according to recent research by a professor at the University of San Diego School of Law.

  • August 29, 2018

    Atty For Mayer Brown Partner's Accused Killer To Withdraw

    The lawyer representing the man accused of killing Mayer Brown LLP appellate practice leader Stephen Shapiro plans to withdraw from the Cook County, Illinois, murder case because of the time and money it would take to effectively represent him, Law360 learned Wednesday.

  • August 29, 2018

    Law Profs Cite Roe, Urge Sens. To Vote No On Kavanaugh

    Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, on Wednesday received a letter signed by more than 300 law professors, trying to pressure them into voting against Supreme Court nominee Judge Brett Kavanaugh over his alleged hostility to Roe v. Wade and abortion rights.

  • August 29, 2018

    Law Firm Leaders: Morgan Lewis' Jami Wintz McKeon

    Jami Wintz McKeon has served as chair of Morgan Lewis & Bockius LLP for the past four years, overseeing significant growth at the firm. Under her direction, Morgan Lewis has expanded its presence in Asia, entered new geographic regions within the U.S., and doubled practice groups such as tax and antitrust while branching out into new sectors.

  • August 29, 2018

    Clifford Chance To Pay $132K In DOJ Citizenship Bias Probe

    Clifford Chance US LLP has agreed to pay a $132,000 penalty to resolve a claim that it unlawfully discriminated against non-U.S. citizens and dual citizens by refusing to staff them for a client project, the U.S. Department of Justice announced on Wednesday.

  • August 29, 2018

    Trump Says McGahn Will Leave After Kavanaugh Confirmation

    White House Counsel Don McGahn, the former Jones Day partner who has spearheaded the administration's overhaul of the federal judiciary, will step down in the fall after the confirmation battle over U.S. Supreme Court nominee Brett Kavanaugh, President Donald Trump said Wednesday.

  • August 28, 2018

    Johnny Depp's Former Attys Can't Enforce Oral Fee Deal

    A California judge on Tuesday granted Johnny Depp's bid to dismiss a claim by his former attorneys at Bloom Hergott Diemer Rosenthal LaViolette Feldman Schenkman & Goodman LLP that he breached their oral fee agreement, saying the show business deal is no different from any other attorney contingency fee agreement and thus is voidable since it had not been put in writing.

  • August 28, 2018

    Fla. Powerhouses Help State Excel On The Global Stage

    The firms selected as Law360's 2018 Florida Powerhouses reflect the diverse character of the state in their varied histories, sizes and strategies while capitalizing on its rapidly growing industries and status as a crossroads of global business.

  • August 28, 2018

    Ill. Powerhouses Shine With Real Estate Deals, Trial Prowess

    Law360's 2018 Illinois Powerhouses helped iconic Chicago-based clients secure equally iconic deals, including the first renovation at Willis Tower and mixed-use development around Wrigley Field, and leveraged their trial expertise to wipe out nearly $300 million worth of adverse verdicts.

  • August 28, 2018

    UpCounsel Must Face IP Firm's Trimmed False Ad Suit

    A California federal judge on Tuesday said she would keep intact at least a portion of an intellectual property firm's lawsuit claiming online legal services company UpCounsel Inc. falsely advertises how much it collects from attorneys in fees, saying during a hearing "they claim they're not getting any referral amounts, but they sure do seem like they are."

  • August 28, 2018

    How Kavanaugh Helped Shape Bush-Era Tort Reform

    D.C. Circuit Judge Brett Kavanaugh spent most of his time during his stint in the Bush White House dispensing legal advice, but documents released this month as part of his U.S. Supreme Court confirmation process show he also worked on legislative efforts to overhaul class action jurisdiction and terrorism insurance.

  • August 28, 2018

    Judge Pick Whose Work Habits Worried ABA Gets Senate OK

    The U.S. Senate confirmed seven federal judge nominees Tuesday, including a federal magistrate judge deemed "not qualified" by the American Bar Association over his work habits, which the organization says included frequently not showing up to the courthouse until the late afternoon.

  • August 28, 2018

    BuzzFeed Taps Media Biz Veteran As New GC

    BuzzFeed has chosen a veteran in-house lawyer with experience at other media companies including Reuters America and Scripps Networks Interactive as its new general counsel, the company announced Tuesday.

  • August 28, 2018

    After Battling Over Pay Equity, Can A Partner Stick Around?

    It is not uncommon for a legal row between an attorney and their firm to end in a confidential settlement, but when a recent high-profile dispute brought by a D.C.-based employment partner against Proskauer Rose LLP came to a resolution, one thing stood out: the partner was still with the firm.

  • August 28, 2018

    Legal Tech Download: EY Buys Riverview Law

    The world of legal technology is quickly evolving, with new products coming to market in rapid succession. Here, Law360 takes a look at six recent developments.

  • August 27, 2018

    NJ Powerhouses Seize Sports Betting, Pot Law Opportunities

    While the abundant pharmaceutical, health care and government affairs sectors remain key business drivers for law firms doing business in New Jersey, the recent legalization of sports betting and the burgeoning cannabis industry means Garden State attorneys are busier than ever. That momentum has met its match in Law360's 2018 New Jersey Powerhouses.

  • August 27, 2018

    Innovation Economy Drives Massachusetts Powerhouses

    The word in the Bay State's legal market is "innovation," with intellectual property litigation, major deals involving local pharmaceutical and technology companies and new businesses making some of the biggest splashes over the past year for the four firms that make up Law360's Massachusetts Powerhouses for 2018.

  • August 27, 2018

    Archer Norris Files For Bankruptcy After Exodus Of 30 Attys

    San Francisco Bay Area law firm Archer Norris PLC has filed for Chapter 11 bankruptcy protection in California federal court, notifying its creditors that it plans to let go approximately 70 attorneys and shut its doors for good in October after seeing an exodus of around 30 attorneys in the past few years.

  • August 27, 2018

    Kavanaugh Swing Votes Giving No Hints Ahead Of Hearing

    With the start of U.S. Supreme Court nominee Brett Kavanaugh’s confirmation hearing just a week away, none of the six potential swing-vote U.S. senators whom liberal and conservative outside groups have targeted have given a hint that they’ll try to sink his nomination.

Expert Analysis

  • Opinion

    BigLaw's Associate Salary Model Is A Relic Of A Bygone Era

    William Brewer

    Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.

  • #MeToo At Law Firms And What We Can Do About It

    Beth Schroeder.JPG

    While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.

  • Knowledge Lawyers Can Help Firms Stay Ahead Of The Curve

    Vanessa Pinto Villa

    In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 2

    John Reed Stark

    The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 1

    John Reed Stark

    Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 2

    Craig Levinson

    I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 1

    Craig Levinson

    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.

  • Guest Feature

    Dan Abrams Talks 'Lincoln's Last Trial' And Crime In Media

    Randy Maniloff

    Everything I saw through the glass walls of Dan Abrams’ office shouted new media. But after an hour with the ABC News chief legal affairs anchor, discussing his new book about Abraham Lincoln's career as a lawyer and a wealth of other topics, I came away realizing the secret of his success. And there’s nothing new about it at all, says Randy Maniloff of White and Williams LLP.

  • Opinion

    Why Widespread Use Of Live Video Testimony Is Not Justified

    Geoffrey Wyatt

    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.