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.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
Even though discovery requests for information from Facebook, Twitter and other social media sites are on the rise, companies are increasingly allowing their employees unfettered access to the websites, according to a Fulbright & Jaworski LLP report released Tuesday.
Advocates for multijurisdictional legal practice launched a federal lawsuit against California's Supreme Court on Thursday, seeking to overturn the state's ban on out-of-state attorneys who haven't been admitted to California's bar practicing in state courts.
Cargill Inc. general counsel Laura Witte has won rave reviews from colleagues for her role in managing both the company's large in-house legal team — most of which is outside the U.S. — as well as outside counsel. Moves like creating a law procurement position embedded in the agribusiness giant's legal department also helped land Witte a spot on Law360's list of Most Innovative Corporate Counsel.
Today, deciding early on whether to settle a dispute in order to save litigation costs and corporate reputation seems fundamental to in-house lawyering — thanks in large part to Elpidio "P.D." Villarreal of GlaxoSmithKline PLC, whose continuing ingenuity in systematizing early dispute resolution helped land him a spot on Law360’s list of Most Innovative Corporate Counsel.
The U.S. District Court for the Southern District of New York said Friday that nine of its judges will take part in a 10-year pilot program aimed at building judicial expertise in patent disputes.
New York Law School on Thursday tried to fend off a putative class action brought by former pupils over its allegedly deceptive employment and salary statistics, claiming the only "wrong" the school committed was to follow the American Bar Association's reporting guidelines.
Sens. Tom Coburn, R-Okla., and Barbara Boxer, D-Calif., asked the U.S. Department of Education’s Office of the Inspector General on Friday to begin an examination of American law schools, seeking information about the accuracy and transparency of the schools' reported postgraduate employment data.
In just three years at Pfizer Inc., Amy Schulman has masterminded an alliance of top-notch law firms that tackle 75 percent of the pharmaceutical giant's legal matters for an annual flat fee, picked up attorneys fresh out of law school and helped flip a losing streak in multibillion-dollar litigation over hormone therapy drug Prempro by hiring new counsel merely weeks before the next trial, landing her a spot on Law360's list of Most Innovative Corporate Counsel.
The billable hour is a thing of the past at pharmaceutical giant Boehringer Ingelheim, where general counsel Marla Persky has handpicked a team of preferred outside firms that share the company's business philosophy and are willing to negotiate fixed retainer agreements in exchange for steady work — earning her a spot of Law360's list of Most Innovative Corporate Counsel.
Corporate counsel expect spending on regulatory legal work to level off in the aftermath of the Dodd-Frank Act’s regulatory overhaul, but the practice will remain a priority in 2012, according to a new report on corporate legal spending.
Indianapolis-based Baker & Daniels LLP and Minneapolis-based Faegre & Benson LLP announced Wednesday that they would merge in 2012 to become Faegre Baker Daniels, which will have 13 offices worldwide.
Companies looking to rein in legal costs are consolidating their outside work, spreading tight budgets among fewer firms and creating clear winners and losers in the process, a new report on corporate legal spending says.
When Bank of America Corp. agreed to buy a struggling Merrill Lynch in the eye of the financial crisis, the bank found itself with two large legal departments and hundreds of outside counsel to sift through. But instead of simply mashing the two together, General Counsel Ed O'Keefe and his team embarked on a months-long campaign to pare down both companies' previous outside firms to a select litigation roundtable, earning him a spot on Law360's list of Most Innovative Corporate Counsel.
Corporate counsel expect to spend significantly less on litigation and class actions in 2012 than they did in recent years, as companies look to cut legal costs broadly in response to the lagging economy, a new report on corporate legal spending says.
The contraction in the market for legal services is expected to continue in 2012 as corporate counsel target litigation budgets and become more aggressive in fee negotiations and resolution rates, a new report on corporate legal spending says.
When Nancy Laben joined AECOM Technology Corp. in June 2010, she saw a legal department that was functioning well but whose size necessitated some restructuring. Seeing the challenge as an opportunity for improvement, she developed a system of centers of expertise, creating a client-service center geared toward providing proactive, companywide legal support in real time — and landing her a spot on Law360's list of America's Most Innovative Corporate Counsel.
Home improvement retail giant The Home Depot Inc. on Thursday tapped former MetLife Inc. general counsel Teresa Wynn Roseborough to lead the company's legal department.
A gilded spring of bonuses set off by Sullivan & Cromwell LLP left the industry with the impression that the market was heating back up after several years of layoffs and salary cuts, but now the buzz word for the year-end bonus season is “uncertain.”
Kasowitz Benson Torres & Friedman LLP on Thursday pressed a New York court to dismiss a nearly $78 million suit by an associate who was fired after bragging about his “superior legal mind,” alleging that he signed a separation agreement releasing the firm from the claims he now asserts against it.
President Barack Obama on Wednesday nominated U.S. Magistrate Judge Patty Shwartz to serve on the Third Circuit, replacing U.S. Circuit Judge Maryanne T. Barry, who assumed senior status in June.