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A few years ago, when large law firm billing rates started to rise at an unprecedented pace, I remember many commentators said it couldn't last for long and that it was only a matter of time before client pushback would begin to swing the pendulum back in the other direction.
The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.
Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.
An attorney for two solo practitioners sanctioned for not turning over discovery material in a now-abandoned sexual assault suit against Bob Dylan told Second Circuit judges Monday that "lawyers are not their clients," arguing that the pair never personally disregarded a court order or instructed their client to do so.
Law school faculties are becoming more racially diverse and include a greater share of women, who make up a majority of faculty members entering the profession in the past 20 years, according to a report out this week from the Association of American Law Schools.
Goldman Ismail Tomaselli Brennan & Baum LLP, King & Spalding LLP, Holland & Knight LLP and Barnes & Thornburg LLP lead this week's list of Law360 legal lions for beating a Pennsylvania state court lawsuit brought against Bayer AG unit Monsanto by a woman who said she got cancer by using the weed killer Roundup.
Connecticut-based Photronics Inc. has found a new general counsel from Crane Co. less than two months after parting ways with its longtime top attorney following an internal review.
The legal industry had another busy week as President-elect Donald Trump sought to dismiss his hush money trial and BigLaw firms elevated attorneys amid soaring billing rates. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The latest law firms to follow Milbank LLP on 2024 associate bonuses late Thursday and into Friday run the gamut from global giant to boutique, according to firm memos shared with Law360 Pulse and media reports.
The New York state judge who oversaw Donald Trump's hush money trial officially canceled his Nov. 26 sentencing date Friday to weigh the impact of his new status as president-elect, pushing briefing into December.
Paul Weiss Rifkind Wharton & Garrison LLP, Cleary Gottlieb Steen & Hamilton LLP and Fried Frank Harris Shriver & Jacobson LLP are the latest BigLaw firms to go big on associate performance rewards, announcing they will match Milbank LLP in both year-end and special bonuses.
A longtime co-managing partner of intellectual property specialty firm Cantor Colburn LLP is reportedly stepping down from his leadership role at the end of the year.
A group of former officials from Newington, Connecticut, including its onetime town attorney, have appealed a state judge's decision to throw out all of their claims against the town and nearly all against tax assessors they had accused of defaming them with a false ethics complaint.
Cohen and Wolf PC has grown its headcount in Bridgeport, Connecticut, with the addition of three attorneys who expand the firm's capabilities across multiple practice areas.
President-elect Donald Trump's legal team told the New York judge who presided over his hush money trial that his conviction should be thrown out due to his "overwhelming victory" at the polls, according to a filing released Wednesday.
Following the news Tuesday that Cravath Swaine & Moore LLP will pay associates year-end and special bonuses in line with those handed out by Milbank LLP this year, the firms' peers have begun to respond, with swift matches Wednesday by Paul Hastings LLP and McDermott Will & Emery LLP.
Longtime legal compensation leader Cravath Swaine & Moore LLP has reportedly announced year-end and special bonuses for its associates in line with those offered by peer law firm Milbank LLP over the summer and earlier this month.
The Senate voted 50-44 on Tuesday evening to confirm Sarah French Russell, law professor and director of the Legal Clinic at Quinnipiac University School of Law, to become a judge in the District of Connecticut.
Amid high demand, billing rates at U.S. law firms were up 9% during the first nine months of 2024 compared to this time last year, revealing the industry is on track to see strong year-end financial results, according to survey results released Tuesday by Wells Fargo Private Bank.
Manhattan prosecutors on Tuesday suggested that President-elect Donald Trump's criminal sentencing could be delayed until after he serves out his next term, but urged a judge not to throw out his conviction over an alleged hush money scheme.
In a first-of-its-kind survey by the National Association of Women Lawyers, in-house female attorneys report finding their work-life balance, work substance and workplace culture superior to that of law firms.
The secret ingredient to opening a solo practice or small firm might be artificial intelligence, Chris Stock, a vice president at legal tech company Clio, said at the New York City Bar's Small Law Symposium last week.
The "atypical" conflict and threat to public confidence in the judiciary created by a New York federal judge's financial investments warrant the Second Circuit stepping in to undo former Ozy Media CEO Carlos Watson's fraud and identity theft convictions sooner rather than later, Watson told the appellate court on Monday.
A Connecticut federal judge awarded $340,000 on Monday to class counsel in a data breach lawsuit against Merritt Healthcare Advisors but criticized their request for $381,250 as out of line with reasonable rates and said some of their work in the case was "sub-par."
Women now make up the majority of law school graduates, law firm associates and lawyers in the federal government and will likely soon make up the majority of law school faculty, according to a report from the American Bar Association out Monday, however the proportion of women in certain positions of power within the profession continues to lag.