After a decade of meager growth in corporate legal spending, companies are projected to add almost $2 billion to the amount they spend on outside counsel in 2018, according to a new survey.
The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay. Here, Law360 looks at one major way the legal industry has been affected.
The law office has traditionally served as a hub where attorneys work and interact with colleagues and clients, but new technologies, rising real estate costs and an increasing desire for flexible work opportunities are challenging that typical office concept.
The ever-elusive “cultural fit” that elite law firms seek in prospective members of their exclusive club reflects a long-held set of values that favor white men and feeds racial, ethnic and gender inequality, a 15-year study says.
President Donald Trump’s pick for a Third Circuit vacancy defended his prosecutorial history and writings on criminal justice before a Senate panel Wednesday, including the time he pursued an ultimately failed case against a woman for the theft of $7 from a federal facility.
Law firms are in the early stages of learning how to get a leg up on the competition through competitive intelligence, according to a report released Wednesday, which found many law firm leaders consider their firms’ efforts to gather business intelligence “basic” and “reactive.”
Recent major hurricanes have pushed large law firms to test the effectiveness of their emergency preparedness plans, and to tweak those plans where necessary to identify more effective ways of responding to natural disasters.
Steptoe & Johnson on Monday urged a California federal judge not to conditionally certify a collective action alleging the firm pays its female associates and contract attorneys less than their male counterparts, accusing the former associate behind the suit of seeking a “judicial rubber stamp” on a deficient case.
An additional 24 mergers between law firms in the third quarter of 2017 means the stage is set for a record-breaking year as the industry inches closer to surpassing the all-time high for tie-ups set in 2015, according to report released Tuesday by legal consultant Altman Weil Inc.
The Senate Judiciary Committee will consider President Donald Trump's first pick to the Third Circuit Court of Appeals and four other judicial nominees Wednesday. Here is Law360's comprehensive guide to which seats remain open and the status of nominations. Check back for updates as Trump reshapes the judiciary.
New York-based Shearman & Sterling LLP introduced new practice areas in privacy and emerging growth while engaging in first-in-kind, high-value transactions in Latin America and Asia, once again earning a spot on Law360’s 2017 Global 20 list.
To stand out from the crowd in a city that counts the law among its primary industries, Law360’s 2017 Illinois Powerhouses rode Chicago’s real estate boom, navigated transactions in its burgeoning private equity sector and helped build the city’s reputation as a class action center.
The world of legal technology is quickly evolving, with new products aimed at aiding lawyers coming to market in rapid succession. Here, Law360 takes a look at eight recent major developments in legal tech.
As the needs of clients become increasingly complex and professional expertise gets more specialized, collaboration within law firms will be more important than ever, according to a Monday presentation by a Harvard Law School researcher.
An attorney in CBS Corp.’s legal department was fired Monday after she said on Facebook she wasn’t sympathetic to the victims of the mass shooting in Las Vegas because “country music fans often are republican gun toters.”
September’s notable legal department hires include a new general counsel at insurance titan AIG, the first general counsel for the online financial news network Cheddar and a new general counsel at litigation finance giant Burford Capital.
A New York federal judge on Monday blocked ex-King & Spalding attorney David Joffe from deposing the firm’s chair Robert Hays in his suit alleging he was fired for questioning his colleagues’ ethical practices, finding that for now, Hays does not appear to have unique knowledge about Joffe’s termination.
In the cutthroat legal landscape of New Jersey, where competition currently outpaces demand, four long-established firms have earned spots on Law360's list of 2017 New Jersey Powerhouses thanks to a combination of stellar reputations and victories in both courtrooms and the marketplace.
Allen & Overy LLP announced Monday that it has joined a trend of firms raising salaries for newly qualified lawyers and trainees.
K&L Gates LLP has landed on Law360’s Global 20 list once again, with the firm representing clients in every corner of the world on transactions worth billions of dollars while striving to seamlessly integrate its offices to offer the benefit of both local knowledge and global expertise.
In his 20 years with Dish Network, R. Stanton Dodge has witnessed the complete reinvention of the television and video industry and seen enormous changes in the legal industry itself. Law360 spoke to Dodge about how his department is adapting, the insult of being charged for postage by a $1,000-per-hour law firm, and the need for in-house counsel to drop “the wet blanket approach” to lawyering.
Even with the marquee battle over the Trump administration’s travel ban in limbo, October’s Supreme Court oral argument docket includes a case that could run to the core of U.S. democracy and another that pits two federal agencies against each other. Here are some of the appellate heavyweights in the highest-profile clashes starting off the new term.
As Justice Neil Gorsuch begins his first full Supreme Court term, Republicans are pleased that he appears to be the staunch conservative they had hoped for. But the full picture of the high court’s newest addition has yet to come into focus.
In California, as the world’s most famous innovators blur the lines between sectors like media and tech and create new industries with new legal problems, nimble firms with the ability to be as creative as their clients at solving problems locally and globally rose above the rest.
The law firms on Law360’s 2017 Regional Powerhouse list are handling some of the biggest deals and most high-profile courtroom battles across seven states, offering clients regional expertise and making a lasting impact on the law at the state and local level.
The law firms on Law360’s Global 20 list have expertise that spans practice areas and continents, and they’ve handled some of the biggest cross-border matters of the year. With thousands of attorneys in dozens of countries around the world, these firms have figured out the key to delivering for clients on multiple fronts.
The Law360 400 features the largest U.S.-based law firms and vereins with a U.S. component, as measured by domestic attorney headcount.
Companies are allowed to collect the money they are owed, but they cannot break the law or cheat people in the process. Some of the biggest players in the debt collection industry are not focused on getting it right, says Massachusetts Attorney General Maura Healey.
My first argument before the U.S. Supreme Court was unusual in that it was also my first argument in any court of any kind, says Lindsay Harrison of Jenner & Block LLP.
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.
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.
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.
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.
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.
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.
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 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.