In-house legal departments are continuing to snag young, talented attorneys from BigLaw firms in spite of a pay gap accentuated by a recent spate of associate raises, with nonmonetary perks luring associates away from law firms and into corporations. Here, three nonmonetary perks that lure associates away from law firms and into corporations.
Gaining prestige may be one of the more challenging tasks that law firms take on, but there are a number of tactics firms can use that hold the potential to transform their image from ordinary to elite. Here, experts highlight four ways law firms can pump up their prestige.
Classes on blockchain and artificial intelligence. Crash courses in business and financial markets. These are a few ways law schools are preparing students for a job market that is struggling in the wake of the recession.
Caught in a whirlwind of firm dissolutions and layoffs, thousands of associates were thrust into one of the worst job markets in history a decade ago. While some have rebounded, others are still feeling the lingering effects of the financial crisis on their careers.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
The law firms on Law360’s 2018 Regional Powerhouse list are handling some of the biggest deals and most high-profile courtroom battles across eight states, offering clients regional expertise and making a lasting impact on the law at the state and local level.
The 2018 Law360 Diversity Snapshot shows only incremental progress on racial and ethnic diversity in the attorney workforce. At every level of a typical law firm, minority attorney representation increased by less than a percentage point from last year’s survey.
Women have made up over 40 percent of law school students for more than three decades, and they now make up more than half. But our annual survey of the largest U.S. law firms shows that women continue to be underrepresented at all levels.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.