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.
It’s been almost 10 years since Lehman Brothers collapsed — kicking off a global recession and putting two Skadden partners on a path to building a firm that would weather the storm. Here's how upstarts and their larger rivals are positioning themselves for the next downturn.
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.
The White House gloated Thursday after U.S. Supreme Court nominee D.C. Circuit Judge Brett Kavanaugh was not mentioned in a report unsealed by the National Archives investigating alleged leaks by Independent Counsel Ken Starr’s office during the Clinton-Lewinsky scandal in the late 1990s.
Houston-based energy giant ConocoPhillips has appointed a Baker Botts LLP corporate partner as its next general counsel, the company confirmed to Law360 on Thursday.
After a high-stakes meeting with D.C. Circuit Judge Brett Kavanaugh on Thursday, Sen. Lisa Murkowski, R-Alaska, kept mum on whether she will support his nomination to the U.S. Supreme Court.
A recently retired West Virginia Supreme Court of Appeals justice pled guilty Thursday to a federal wire fraud charge connected to his personal use of a state-owned vehicle and gas credit card, according to the U.S. Attorney’s Office for the Southern District of West Virginia.
The American Arbitration Association’s recent introduction of an alternative fee arrangement option is a progressive step in making costs more predictable and simplifying budgeting for eligible cases, but it will take time to truly glean whether the move increases interest in the forum, according to general counsel and other legal professionals.
Morgan Lewis & Bockius LLP has added a nine-partner intellectual property team focused on patent prosecution and litigation from McDermott Will & Emery in Orange County, California, the firm announced Wednesday.
A former American Bar Association finance administrator has been arrested on felony theft charges alleging she stole nearly 2,000 cellphones and 10 iPads worth nearly $1.3 million that she ordered in the name of the association during an eight-year period, according to a filing by prosecutors.
Maintaining security is a process that businesses must continually cultivate and reevaluate as law firms and companies of all sizes face unprecedented challenges from cyberattacks, a group of panelists said Wednesday during an American Bar Association webinar.
Michael Cohen's courtroom accusation Tuesday that President Donald Trump directed him to break federal campaign finance law has put renewed attention on U.S. Supreme Court nominee Brett Kavanaugh's suggestion that a sitting president can't be indicted.
BigLaw change-makers from Troutman Sanders LLP, Orrick Herrington & Sutcliffe LLP, Littler Mendelson PC and Freshfields Bruckhaus Deringer LLP took the stage Wednesday at a legal technology conference in Maryland to share stories about how they were able to shake things up in an industry not known for embracing risk.
Roger Meltzer has served as global co-chair of DLA Piper for the past three years, before which he served as its co-chair of the Americas for two years. During that time, the law firm added six offices and nearly 200 attorneys, and increased its annual revenue by $150 million.
The Seventh Circuit ruled in favor of GlaxoSmithKline on Wednesday in the drug company's appeal of a $3 million jury award to the widow of a Reed Smith LLP partner who committed suicide while taking a generic version of Paxil, saying federal law barred the pharmaceutical company from adding a warning about the risk of suicide in adults.
Nominees for the federal bench, including a candidate for the Eighth Circuit, punted on questions related to loaded political issues at a Senate Judiciary Committee hearing Wednesday morning, as senators grilled them on their positions on fraught topics such as immigration and abortion rights.
Michael Cohen’s admissions that he broke federal tax and campaign finance laws — and his direct implication of his former client, Donald Trump, in two of those crimes — will severely restrict the president’s ability moving forward to argue that related communications with Cohen are shielded by attorney-client privilege, experts say.
A Manhattan federal judge hearing a legal recruiter’s nonpayment lawsuit against Simpson Thacher & Bartlett LLP raised questions Tuesday about the role of “co-administrative partners” at the law firm whose emails are apparently at the center of a discovery dispute.
U.S. Supreme Court nominee D.C. Circuit Judge Brett Kavanaugh helped coordinate the Bush administration's support for a proposed constitutional amendment to prohibit desecration of the American flag when he was a White House lawyer, at one point expressing optimism that the proposal would pass, documents released by the Senate Judiciary Committee in recent weeks show.
A 15-year-old demonstrated just how easy it can be to hack law firm partners, associates and staff at the International Legal Technology Association’s annual educational conference in National Harbor, Maryland, on Tuesday, providing onlookers with a lesson on the methods that online interlopers might use to cull sensitive information.
Third Circuit nominee Paul B. Matey is leaving his job as a hospital executive to join Lowenstein Sandler LLP's office in Roseland, New Jersey, where he'll draw on his background in health care and as a former federal prosecutor and top legal adviser to ex-Gov. Chris Christie.
D.C. Circuit judge and U.S. Supreme Court hopeful Judge Brett Kavanaugh may have cleared a key hurdle on Tuesday, following a meeting with Republican holdout Sen. Susan Collins of Maine during which Kavanaugh said Roe v. Wade is "settled law."
Fitzpatrick Cella Harper & Scinto is set to combine with Venable LLP later this year to form a "powerhouse" in the intellectual property realm, the firms announced Tuesday, revealing the latest in a string of combinations between IP boutiques and full-service law firms.
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.
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.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.
Connecting with potential prospects is now more challenging due to the EU General Data Protection Regulation, meaning that law firm microsites, blogs and social media will become more valuable than ever. The firms that deploy them strategically will increase their relative visibility and accelerate the rebuilding of their opt-in distribution lists, says Stephan Roussan of ICVM Group.
The growth of litigation funding has only increased the controversy surrounding it. Looking to move beyond the rhetoric for and against the practice, attorney and investment analytics expert J.B. Heaton, of J.B. Heaton PC and Conjecture LLC, attempts an objective analysis of the underlying economics of the litigation funding arrangement.
Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.
Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.