Business of Law

ABA Cuts Chief's Salary Amid Layoffs, Falling Membership

The American Bar Association reduced its executive director's pay from $1.25 million in 2015 to $1.17 million in 2016, documents made public Friday show, but Law360 has learned that a bigger pay cut for the executive is in the works as the organization grapples with declining membership and dues revenue, as well as layoffs.

Firm Leaders Eye Growth, Despite Ebbing Faith In Economy

As law firm managers look ahead to the second half of 2018, their overall confidence in both the U.S. and global economies has taken a modest dip, although faith in their firms' performance is as strong as ever, according to a survey released Thursday by Citi Private Bank.

The 2018 Global 20

The law firms on Law360’s Global 20 ranking have a broad reach that spans the globe. With offices and attorneys standing ready to deftly handle complex challenges, these firms take on everything from high-stakes transactions to legal brawls that play out on multiple fronts.

Kennedy's Retirement: Legacy, Fallout & The Battle Ahead

Justice Anthony M. Kennedy, the longest-serving active member of the U.S. Supreme Court, announced his retirement Wednesday after three decades on the high court. Here, Law360 analyzes his immense impact and what his departure means for the future of the court.

July 13, 2018
Law360's Pro Say: Who Is Brett Kavanaugh?

The political battle lines are already forming in Washington, D.C., over President Donald Trump's nomination of Judge Brett Kavanaugh to replace Justice Anthony Kennedy on the U.S. Supreme Court. But who is the man himself? This week on Law360's Pro Say podcast we attempt to answer that, from Kavanaugh's resume to his biggest rulings, his writing style and his judicial philosophy.
July 13, 2018
Global 20: Linklaters

From playing a key role in Takeda’s $62 billion takeover of Shire PLC to its work on a $4 billion infrastructure deal in Africa, U.K.-based Linklaters LLP blazed new trails around the globe over the past year and earned a spot on Law360’s Global 20 list.
July 13, 2018
Convicted Husband Of Ex-Linklaters Atty To Pay SEC $120K

The husband of a former Linklaters LLP associate who pled guilty to trading on insider information gleaned from his wife must disgorge nearly $120,000 to the U.S. Securities and Exchange Commission in a related civil suit, a New York federal judge ruled Thursday.
July 13, 2018
Perkins Coie Atty Tapped For 9th Circ. In New Round Of Noms

Just days after announcing his latest Supreme Court pick, President Donald Trump on Friday unveiled six new judicial nominees for federal courts around the country, including Seattle-based Perkins Coie LLP partner Eric Miller for the Ninth Circuit over the objections of a home-state senator.
July 13, 2018
GC Cheat Sheet: The Hottest Corporate News Of The Week

A report revealed that female general counsel collect 78 cents for every dollar earned by men at the same level, the European Union proposed an expanded equivalence for its financial services and internal memos showed the American Bar Association faces an uncertain future if it continues on its current track of losing revenues. These are some of the stories in corporate legal news you may have missed in the past week.
July 12, 2018
18 Of Kavanaugh's Female Clerks Support High Court Pick

Eighteen of the women who previously served as law clerks under President Donald Trump’s U.S. Supreme Court nominee, D.C. Circuit Judge Brett Kavanaugh, wrote a letter to the Senate Committee on the Judiciary on Thursday lauding his treatment of women in the workplace.
July 12, 2018
Kavanaugh’s Views Could Mean Increased Scrutiny Of USPTO

D.C. Circuit Judge Brett Kavanaugh has a fairly sparse record on intellectual property issues, but the U.S. Supreme Court nominee’s skepticism of the power of administrative agencies could lead him to closely scrutinize decisions by the U.S. Patent and Trademark Office, attorneys say.
July 12, 2018
Dems Shy Away From Using Roadblocks To Slow Kavanaugh

Senate Democrats have so far shied away from grinding the chamber to a halt over D.C. Circuit Judge Brett Kavanaugh's nomination to the U.S. Supreme Court, saying this week they are trying instead to persuade Republicans to oppose President Donald Trump's pick for the seat.
July 12, 2018
Kavanaugh Clings To Text And Traditions In Many Dissents

During D.C. Circuit Judge Brett Kavanaugh’s 12 years on the federal appellate court, he has written dozens of dissents marked by a deference for text and traditions that would likely follow him to the U.S. Supreme Court if the Senate confirms President Donald Trump’s Monday nomination.
July 12, 2018
Law360's Weekly Verdict: Legal Lions & Lambs

Paul Weiss, Dechert and Kirkland & Ellis reigned supreme on this week’s legal lions list after a federal judge vacated a $140 million product liability verdict against their client AbbVie, while Cozen O'Connor landed on the legal lambs list after it couldn’t fight off a $20.3 million ruling against its investor client in a fiduciary duty dispute with a tech company.
July 12, 2018
Calif. Firm Dovel & Luner Tops Cravath With Higher Pay

Litigation boutique firm Dovel & Luner LLP has decided to offer a starting base salary of $215,000 to its associates, thus outranking the compensation scale put forth in June by Cravath Swaine & Moore LLP.
July 12, 2018
Legal Tech Download: IPO Assessments And Harassment App

The world of legal technology is quickly evolving, with new products coming to market in rapid succession. Here, Law360 takes a look at eight recent developments.
July 12, 2018
Judge Kavanaugh’s Path

As the D.C. Circuit judge makes his bid for a seat on the U.S. Supreme Court, here’s our look at the politics and predictions surrounding the nomination along with what a Justice Brett Kavanaugh could mean for your practice.
July 12, 2018
Global 20: Latham & Watkins

Latham & Watkins LLP flexed its international muscle over the past year, advising on Spotify’s nontraditional placement on the New York Stock Exchange and Toshiba’s win in an antitrust suit that saw other defendants settle for nearly $200 million combined, landing the firm on Law360's Global 20 list.
July 11, 2018
Kavanaugh Splurged On Baseball Tix, Reports Say

D.C. Circuit Judge Brett Kavanaugh racked up steep credit card debt in 2016 to pay for Washington Nationals tickets, according to Wednesday news reports and disclosures by the U.S. Supreme Court nominee that also show he coaches kids’ basketball and contributed to a law book without pay.
July 11, 2018
Kirkland Gets OK To Rejoin Law School Suit Against ABA

A day after being shown the door in an Arizona federal court case challenging the American Bar Association law school accreditation process, a Kirkland & Ellis LLP team was welcomed back on Tuesday.
July 11, 2018
4 Kavanaugh Arguments You Gotta Hear

President Donald Trump's nomination of D.C. Circuit Judge Brett Kavanaugh to a seat on the U.S. Supreme Court has sent everyone scrambling to read what the jurist has written, but how about what he's said? Here, Law360 presents an interactive audio tour of four key Judge Kavanaugh arguments.
July 11, 2018
Avvo's End Spells Opportunity For Other 'Disrupter' Legal Cos.

Avvo Legal Services may have succumbed to regulators troubled by a business model offering a menu of legal work for fixed fees, but that might only add wind to the sails of other legal industry “disrupters” focused on low-cost services.
July 11, 2018
Kennedy's Legacy Remains Alive In Kavanaugh’s Nomination

Over his four decades on the federal bench, there was one clerk U.S. Supreme Court Justice Anthony Kennedy always praised effusively. Now, that clerk could be replacing the retiring justice on the high court.
July 11, 2018
Senate Panel Gearing Up For Kavanaugh Vetting Fight

The Senate Judiciary Committee has already begun what will be a lot of heavy lifting to get ready for a confirmation hearing on U.S. Supreme Court nominee Brett Kavanaugh, which could come before September, by staffing up and preparing to review hundreds of thousands of documents.

Editor's Picks

The 2018 Law360 Diversity Snapshot

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.
The 2018 Law360 Glass Ceiling Report

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.
The Big Picture: How #MeToo Is Changing The Legal Industry

As the #MeToo movement sweeps the nation, the legal industry is starting to respond: Law firms are reviewing sexual harassment policies, fostering more internal discussion, and, in some cases, getting rid of arbitration agreements that have gained a reputation for perpetuating the problem.

Expert Analysis

Opinion

Law Schools Must Take A Stand Against Mandatory Arbitration

Later this week, Harvard Law students will begin bidding on interview slots with the nation’s top law firms. Our institutions owe it to their students not only to require firms to disclose mandatory arbitration provisions in new associate contracts, but also to bar employers from on-campus recruiting if they require these provisions, says Isabel Finley, a third-year student at Harvard Law School and president of the Harvard Women’s Law Association.
Series

High Crimes And Misdemeanors: 'Manifest Injury' Is Key

Under the U.S. Constitution, impeachment requires no charging of crime, no intent to do wrong and no lawbreaking. Rather, impeachment focuses on significance of effect. President Bill Clinton's 1998 impeachment was a clear demonstration of the differences between criminal and impeachment prosecution, says attorney Barbara Radnofsky.
Series

High Crimes And Misdemeanors: A View From The #MeToo Era

The #MeToo movement has called attention to something that feminists avoided focusing on during the impeachment of President Bill Clinton — something the law is not very good at capturing. “Consent” may be obtained under varying kinds and degrees of coercive conditions. And it can be refused at a high cost, says Elizabeth Rapaport of the University of New Mexico School of Law.
Series

High Crimes And Misdemeanors: Impeachment Isn't A Trial

The U.S. Constitution specifies that a president can only be impeached for “high crimes and misdemeanors.” A comparison of the two presidential impeachments to date suggests that the logistics of the process are fluid and unpredictable, says David O. Stewart, who was defense counsel during the U.S. Senate impeachment trial of Judge Walter Nixon.
Myths And Facts About Using TAR Across Borders

Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.
Opinion

Centrist Analysis Of Justice Kennedy's Retirement Is Flawed

In telling Democrats and progressives not to melt down over the prospect of President Trump appointing another U.S. Supreme Court justice following Justice Anthony Kennedy's retirement, the centrists make four main arguments. None of them are convincing, says Gordon Renneisen of Cornerstone Law Group.
Roundup

From Lawmaker To Lawyer

Earlier this year, Rep. Trey Gowdy, R-S.C., made headlines with his decision to leave Congress and return to law. In this series, former members of Congress who made that move discuss how their experience on the Hill influenced their law practice.
Opinion

A Trump Supreme Court Nominee Can Be Defeated

The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
Limiting Law Firms' Professional Liability Risks: Part 3

As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
New Stats On Millennial Attorney Disciplinary Actions

In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.

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