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Camp Mystic is asking a Texas bankruptcy judge to reject a request by unsecured creditors to retain professionals but only pay them if the creditors choose to fight the bankrupt summer camp's proposed Chapter 11 liquidation plan.
A group of investors failed to show how a law firm and a securities attorney who gave legal assistance to the perpetrators of a carbon capture Ponzi scheme knew the fraudsters were breaking the law, the firm and the attorney have told a Texas federal court.
The administrator for construction startup Katerra Inc.'s Chapter 11 plan has told a Texas bankruptcy court he reached a $560,000 settlement with Jackson Walker LLP over the fees the firm was awarded in the case by a bankruptcy judge who was dating a Jackson Walker partner.
A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that more than $2.2 million had been transferred out of trust accounts in recent months.
A Pennsylvania federal judge found Monday that the insurer for a Morgan Lewis & Bockius LLP attorney abused its discretion when it terminated her long-term disability benefits after incorrectly applying criteria to evaluate her ability to return to work.
A Washington, D.C.-based think tank has named as its litigation chair an attorney who served in senior legal positions in the Trump administration, including as the chief of staff of the U.S. Department of Justice.
Burford Capital said it is entitled to $1.4 billion of last week's historic $5.7 billion patent infringement jury verdict against Apple, but the litigation funder cautioned Monday that the massive payday could still evaporate on appeal.
New York-based e-discovery services company Repario announced on Monday its acquisition of Kansas-based data and professional services company UnitedLex.
O'Melveny & Myers LLP has rehired a former partner who specializes in False Claims Act matters and recently spent more than two years with the U.S. Securities and Exchange Commission as an associate general counsel for oversight and investigations.
Jenner & Block LLP announced Monday that it has added New Jersey's first solicitor general to bolster its capacity to handle appellate matters, federal and multistate investigations, commercial disputes, and government and public policy matters.
Renter plaintiffs have told a Tennessee federal court to grant final approval for more than $359 million worth of settlements that aim to resolve their antitrust claims against multiple landlords accused of using property management software company RealPage Inc.'s revenue management software for rent price-fixing.
A woman who accused Jay-Z of rape and sparked a yearlong legal battle between the rapper and prominent Texas plaintiffs attorney Tony Buzbee has recanted her testimony and accused Buzbee of pursuing litigation on her behalf without her knowledge and without verifying her testimony.
Months before he left the U.S. Department of Justice's Antitrust Division, the agency's chief said that prospective job seekers no longer needed the substantial profile previously required to work for the agency, a change he cast as a positive for young attorneys.
A California attorney was barred from representing the plaintiffs in a Massachusetts insurance coverage dispute and ordered to pay legal costs of up to $10,000 to opposing counsel, after a federal judge found he relied on "inaccurate and fictitious" case cites and holdings in three filings.
Domino Foods is pushing back on an attempt to disqualify its counsel from Paul Weiss Rifkind Wharton & Garrison LLP in a sugar price-fixing multidistrict litigation, arguing Hershey, J.M. Smucker and other food makers filed the motion as a "strategic attempt to gain tactical advantage" at a critical point in the dispute.
Kabat Chapman & Ozmer LLP has added a Seyfarth Shaw LLP partner to its Atlanta office, strengthening its labor and employment practice with an attorney who has more than a decade of experience guiding companies on business litigation and Employee Retirement Income Security Act litigation.
The U.S. legal education system could soon be plunged into disarray, after politics seemed to overshadow substance during an unusual hearing this week on whether to revoke an American Bar Association council's federal status as the primary accreditor of law schools, experts told Law360 Pulse.
Holland & Knight LLP over the past year has ramped up a practice around a once-unusual proposition: that investors would take a stake in law firms' businesses.
GrayRobinson PA has expanded its labor and employment section in Orlando, Florida, with a former Spire Law PLLC attorney who focuses on employment and business litigation defense.
Tarter Krinsky & Drogin LLP maintained "intentional opacity" about a recently disclosed cybersecurity attack last year that may have compromised protected health information, a proposed class action alleged in New York federal court.
Holland & Knight LLP has expanded its Texas litigation practice group with the addition of a longtime Steptoe & Johnson PLLC attorney.
Husch Blackwell LLP has boosted its trial and appellate offerings in Austin, Texas, with a commercial litigator who came aboard from Texas regional firm Germer PLLC.
Duane Morris LLP has agreed to private mediation to settle a proposed class action by an employee who alleged that the firm failed to withhold taxes for workers who were misclassified as partners, according to a notice.
Arkansas' largest personal injury law firm is the latest legal entity to ink a deal to take private equity investment using Uplift Investors' associated management services organization.
BigLaw firms are turning over a new leaf and marking a busy start to autumn with a flurry of lateral moves this week. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Opinion
Keeping PE Out Of Law Is Job For Courts, Not Capitols
Efforts by lawmakers in California, Colorado and Illinois seeking to bar private equity firms, hedge funds and other nonattorney investors from owning or financing law firms risk intruding on authority that state constitutions and the inherent powers doctrine have traditionally assigned to the judiciary, says attorney Felix Shipkevich.
Ross McNairn, founder and CEO of Wordsmith AI, discusses how the lawyers who treat legal work like an engineering problem and can deploy legal intelligence at scale will define the next decade.
Two recent reports shift the legal posture of every organization deploying artificial intelligence agents because they establish the foreseeability, for negligence liability purposes, of an AI agent becoming weaponized for data exfiltration, says Camilo Artiga-Purcell at Kiteworks.
Law firms trying to weave artificial intelligence into summer associate programs should build a program that isn't really about AI but teaches students how to think about using AI, with the goal of building judgment, understanding implications and leveling up in a way that's repeatable, says Zeynep Ersin at Seyfarth.
Series
Biz Development Tip Of The Month: Don't Obstruct Knowledge
Lawyers and firms should treat knowledge transfer as a business development function, using the sharing of context and institutional know-how to preserve continuity through change, strengthen relationships and create long-term competitive advantage, says Mark Wraight at Stinson.
The biggest question about private equity moving into the legal sector is no longer whether it can financially succeed, but how law firms can contend with the unavoidable economic, institutional and ethical tensions introduced by external ownership without compromising their core professional commitments, say Kirsten Vasquez and Allison Rosner at Major Lindsey.
As potential clients use artificial intelligence tools instead of search engines when looking for counsel, it is a democratizing moment for specialized midsize firms and a compression threat for generalist big-firm brand positioning, says Ronn Torossian at 5WPR.
Private equity capital has been flowing into accounting firms for years, with investors developing creative structures to work within that field's specific ownership restrictions, and the framework developed by these transactions offers valuable insights for law firms looking for outside investment, says Russell Shapiro at Levenfeld Pearlstein.
Series
Legal Tech Talks: StrongSuit CEO On The AI Gold Rush
Justin McCallon, CEO of StrongSuit, discusses how the potential for automation and insight generation with artificial intelligence is massive, but that in legal work, especially litigation, the margin for error is essentially zero.
The Legal Marketing Association's recent annual conference underscored how advances in artificial intelligence and shifting client expectations are causing law firms to evolve into more structured, data-driven businesses that place greater emphasis on strategy, implementation and measurable results, say Maria Aronson and Gina Rubel at Furia Rubel.
Series
Biz Development Tip Of The Month: Build Relationship Habits
Meaningful relationships are foundational to business development, and they can be deliberately fostered through a set of habits for authentically, intentionally and consistently connecting with clients and colleagues — starting with people you already know and like, says Matthew Moran at V&E.
Artificial intelligence is already woven into everyday work for attorneys, so beyond questioning whether AI was used and approving such tools, legal leaders need to create a shared foundation for what good AI use looks like on their team, says Alex Denniston at Factor.
A company's contracts contain final, negotiated commercial commitments that reveal important growth, revenue and strategy insights, but for organizations that aren’t making two key structural changes, the information tends to remain within the legal department — untranslated and unused, says Shimane Smith at NerdWallet.
The U.K. offers 14 years' worth of data on private equity's involvement in the legal market, demonstrating for U.S. firms what worked, what didn’t and why, and illustrating several lessons about operational readiness, cultural fit and timing, says Tom Lenfestey at The Law Practice Exchange.
When firms attempt to deliberately organize their expertise, client relationships, business development, and thought leadership around specific industry verticals – sometimes called industry sector programs – several missteps commonly arise, but with discipline and alignment any firm can successfully grab market share, say Heidi Gardner at Harvard Law School and David Harvey at Harvey Global Consulting.