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.
Women are still underrepresented on the nation’s federal and state judicial benches, holding only 22 percent of all federal judgeships and 26 percent of all state-level positions, according to a new study.
Whether expanding outright into a hot new area or repositioning an existing practice group to access new clients, forward-looking law firms are constantly looking for ways to grow. Law360 asked legal consultants and attorneys to help develop a guide to launching a successful and enduring practice group so that you know where to look before you leap.
In a rare moment of public tension between a U.S. President and the Supreme Court, President Obama scolded the Supreme Court in his State of the Union Wednesday night even as at least one justice shook his head in disagreement.
Reed Smith LLP, U.S. Steel Corp. and 10 other concerned parties have weighed in with the U.S. Supreme Court on a case that companies and law firms say could have far-reaching consequences on their ability to candidly assess their risk of being sued.
The House Judiciary Committee voted unanimously to approve articles of impeachment against U.S. District Judge G. Thomas Porteous on Wednesday, sending the matter for a vote in the full U.S. House of Representatives.
Former U.S. Supreme Court Justice Sandra Day O'Connor has said the high court's recent decision in Citizens United v. Federal Election Commission is a “threat to our judicial independence,” taking her former colleagues to task for allowing money to flow freely into judicial elections.
Skadden Arps Slate Meagher & Flom LLP has landed former White House counsel for President Barack Obama and high-profile litigator Gregory B. Craig, who is also known for defending former President Bill Clinton during his impeachment trial.
Some law firms resorted to Band-Aid solutions for their partner problems when survival became the name of the game, but now firms are looking for enduring remedies to their ongoing partnership headaches. Law360 lays out how to restructure a partnership for the long haul.
Of the tens of thousands of attorneys nationwide that work with corporate clients, only 22 have been singled out by corporate counsel as having provided superb client services for two or more years in a row.
Twelve firms are home to three or more attorneys singled out by corporate counsel for exceptional client services, and Foley & Lardner LLP leads the pack with five attorneys honored.
On the heels of a decision to cut around 20 staff positions, Wilson Sonsini Goodrich & Rosati PC has announced bonuses of up to $49,000 for some associates, as well as revealed its pay scale for 2010.
The new age of merit-based pay will challenge associates to work strategically rather than just rack up billable hours, while forcing firm leadership to dedicate time and energy to evaluate attorneys as objectively as possible, industry experts say.
Latham & Watkins LLP has reportedly made some associates very happy as reports of the firm’s 2009 bonuses trickle in.
Second-year associates at Cooley Godward Kronish LLP will be receiving a pay increase this year, marking the end of a salary freeze announced by the firm last year.
The U.S. House Judiciary Committee will discuss the future of U.S. District Judge G. Thomas Porteous after the committee's impeachment task force voted unanimously to impeach him in light of allegations of bankruptcy fraud and the solicitation of cash from lawyers.
As the world scrambles to come to Haiti's aid in the wake of Tuesday's devastating earthquake, law firms are stepping up in both traditional and novel ways. Over 80 firms responded to a Law360 query into what they are doing financially and otherwise to respond to the Haitian crisis.
In a groundbreaking opinion that sweeps away decades' worth of campaign finance restrictions, the U.S. Supreme Court found Thursday that there is no distinction between a corporation and an individual when it comes to protected political speech, paving the way for corporations and labor unions to spend freely on advertisements for political candidates.
Management at Clifford Chance LLP reportedly has proposed changes to make it easier to fire lackluster partners and has plans to slim down its partnership council.
Confident that the recession is in the rearview mirror, managing partners at law firms are predicting revenue and profit growth this year, according to the latest report from Citi Private Bank.
Partners at Allen & Overy LLP will have the option to work four days a week or take advantage of other flexible schedule arrangements as part of a new initiative designed to retain more women partners, the firm announced Thursday.