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Delaware Pulse
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Law Firm Marketing Budgets Have Fallen Behind Firm Growth
During a period when many law firms experienced strong revenue and headcount growth, the industry's marketing budgets did not grow at the same pace, according to the results of a survey released Thursday.
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Jailed Ex-FTX Exec's Lawyers Can't Drop From Ch. 11 Suit
Attorneys from Montgomery McCracken Walker & Rhoads LLP representing former FTX Trading executive Ryan Salame cannot yet withdraw as his counsel in an adversary case seeking the return of $99 million in company funds after a Delaware bankruptcy judge said Wednesday he needed more information about the firm's difficulties in communicating with their incarcerated client.
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Ballard Spahr Launches AI Tools Led By 'Ask Ellis' Chatbot
National law firm Ballard Spahr will roll out a custom suite of generative artificial intelligence tools, highlighted by Ask Ellis, a chatbot named after a co-founding attorney of the 140-year-old firm.
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4 Tips To Hit Billable Hours Out Of The Park This Year
Early in the year is the best time to start to think about billable hour targets and strategies for how to meet them, according to partners and attorney career coaches. Here are four strategies those experts say will help associates hit a home run this year.
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Primary Sponsor Of Del.'s Corporate Law Rework Defends Bill
Delaware Senate Majority Leader Bryan Townsend cited the "urgency of the moment" Tuesday during an interview with Law360 on fast-tracking proposed amendments to the state's General Corporation Law, aimed at increasing protections from liability for directors, officers and controlling stockholders in an effort to stem a feared corporate exodus from The First State.
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Kirkland Regains Top Spot in 2024 Performance Ranking
Kirkland & Ellis LLP surged back to the top of legal market intelligence provider Leopard Solutions' annual Law Firm Index released on Tuesday with a perfect score for the year, while last year's leader Latham & Watkins LLP slipped to fourth place.
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Masimo Aims To DQ Hueston Hennigan As Ex-CEO's Counsel
Masimo Corp. is urging the Delaware Chancery Court to disqualify Hueston Hennigan LLP from representing its founder and former CEO in a lawsuit over his quest for a $450 million payout from the medical technology company, arguing the firm has a conflict of interest.
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Law Firms Walk DEI Tightrope Amid Political Pressure
Law firms that once led the charge on diversity initiatives now find themselves walking a tightrope, balancing their long-standing commitments to diversity with shifting corporate priorities and political pressure stemming from the Trump administration's efforts to curtail such programs.
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Law Firm Leasing Reaches Highest Level Since Before COVID
Law firms in the United States have broken through years of pandemic-related uncertainty about market conditions and the need for office space to record the highest volume of lease activity in more than five years, according to newly released data.
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Moves To Change Del. Corporate Law Spark Pushback
A public opposition campaign complete with website and street signs has surfaced to oppose corporation and bar-backed legislation that would overhaul Delaware stockholder litigation rights and fee awards, intensifying an already unprecedented political fight that broke out last year over corporate governance concessions.
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ABA Suspends Law School DEI Standards Until Summer
The American Bar Association has announced that it is holding off on enforcing its diversity and inclusion standards for law schools in light of recent executive orders by the new presidential administration.
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Law360 Pulse Spotlight On Mid-Law Work
Law firm Davis Graham's handling of a suit against the U.S. Department of Homeland Security on behalf of Denver Public Schools and Adams and Reese LLP's handling of a $495 million timber sale lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Feb. 7 to Feb. 21.
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Law Firms Chart New Leadership Paths In Changing Times
As law firms grow larger and more tech-driven, law firm leaders are shifting their focus more on embracing technology, refining communication strategies and building stronger personal brands to guide their firms through changes, an upcoming white paper found.
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Law360's Legal Lions Of The Week
Clement & Murphy PLLC, Ropes & Gray LLP, Paul Weiss Rifkind Wharton & Garrison LLP and Faegre Drinker Biddle & Reath LLP lead this week's edition of Law360 Legal Lions, after the First Circuit determined that a major avenue for False Claims Act enforcement requires proof that kickbacks directly changed medical treatment decisions.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry marked another action-packed week with a bevy of BigLaw hires and a new special spring bonus. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Del. Chief Justice Targets Social Media's Pressure On Courts
Acknowledging that "some of those who lose don't take it well" and have tools to "cause judges great pain," Delaware's chief justice told a state budget panel Thursday that social media had amplified dissatisfaction with some court rulings despite global respect for the state's system.
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Snapshot: Delaware Lawmakers Target Hefty Atty Fee Awards
Amid a push by Delaware lawmakers to overhaul the First State's corporation law provisions, the state Senate is seeking recommendations aimed at avoiding "excessive" attorney fee awards in corporate litigation, drawing a mixed reaction from lawyers and a corporate law scholar.
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Troutman Pepper Launches Tariff Task Force
Troutman Pepper Locke LLP said it has formed a tariff task force aimed at helping clients navigate the Trump administration's tariffs.
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Lamb McErlane Arrives In Delaware With 6th Office
Lamb McErlane PC has opened an office in Delaware to better meet its clients' needs and plans to add more lawyers and practice areas in the future, the firm's managing partner told Law360 Pulse on Thursday.
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AI Adoption Nearly Doubled In Legal Sector After 1 Year
Nearly 40% of surveyed legal professionals said in 2024 that their company has implemented an enterprise artificial intelligence solution like Microsoft Copilot, an increase from 20% of respondents in 2023, according to a new report.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q4
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the fourth quarter of the year.
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Del.'s High-Speed Corporate Law Rework May Blunt Plaintiffs
A fast-moving amendment of Delaware's mainstay corporation law, aimed in part at curbing big fees, limiting some breach of fiduciary claims and stemming a perceived corporate exodus, has left plaintiffs attorneys playing catch-up as the recently revealed measure heads toward a first hearing next month.
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Lessons From A Landmark Year For Women Law Firm Leaders
In 2021, the legal industry saw a major wave of first-time women leaders. Law360 Pulse revisits that class and what experts say about the number of women in leadership positions across the legal profession.
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Landlords, Judiciary Brace For Federal Leasing Slimdown
As the General Services Administration pores over the federal real estate portfolio, lenders, landlords and institutional investors are scrambling to understand their exposure to federal leases, while the potential canceling of judiciary office leases is setting up a showdown between branches of government.
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State Judges See Uneven Gains In Post-Lockdown Pay Hikes
State judges received an average 5% raise last year — a "significant" improvement over the 1% to 2% raises on offer during the height of the COVID-19 pandemic — but those pay increases were spread unequally across the country, with some state judges earning much higher salaries while the pay for others stagnated, according to a recent survey.
Expert Analysis
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The Importance Of Legal Macroeconomics Education For Attys
Most legal professionals lack understanding of the macroeconomic trends unique to the legal industry, like the rising cost of law school and legal services, which contributes to an unfair and inaccessible justice system, so law school courses and continuing legal education requirements in this area are essential, says Bob Glaves at the Chicago Bar Foundation.
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What ABA Student Well-Being Standards Mean For Law Firms
While the American Bar Association's recent amendments to its law school accreditation standards around student well-being could have gone further, legal industry employers have much to learn from the ABA's move and the well-being movement that continues to gain traction in law schools, says David Jaffe at the American University Washington College of Law.
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Series
Ask A Mentor: How Do I Build Rapport In New In-House Role?
Tim Parilla at LinkSquares explains how new in-house lawyers can start developing relationships with colleagues both within and outside their legal departments in order to expand their networks, build their brands and carve their paths to leadership positions.
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What Attys Should Consider Before Taking On Pro Bono Work
Excerpt from Practical Guidance
Piper Hoffman and Will Lowrey at Animal Outlook lay out suggestions for attorneys to maximize the value of their pro bono efforts, from crafting engagement letters to balancing workloads — and they explain how these principles can foster a more rewarding engagement for both lawyers and nonprofits.
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7 Ways Attys Can Improve Their LinkedIn Summaries
Lawyers can use LinkedIn to strengthen their thought leadership position, generate new business, explore career opportunities, and better position themselves and their firms in search results by writing a well-composed, optimized summary that demonstrates their knowledge and experience, says Guy Alvarez at Good2bSocial.
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How Law Firms And Attys Can Combat Imposter Syndrome
Imposter syndrome is rampant in the legal profession, especially among lawyers from underrepresented backgrounds, leading to missed opportunities and mental health issues — but firms can provide support in numerous ways, and attorneys can use therapeutic strategies to quiet their inner critic, says Helen Pamely at Rosling King.
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The Law Firm Qualities Partners Seek In Lateral Moves
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In 2022, partners considering lateral moves have new priorities, and firms that hope to recruit top talent will need to communicate their strategy for growth, engage on hot issues like origination credit and diversity initiatives, and tailor their integration plans toward expanding partners’ client base, says Gloria Sandrino at Lateral Link.
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Small Steps Can Help Employers Beat Attorney Burnout
Lawyers are experiencing burnout on a massive, unprecedented scale due to the pandemic, but law firms and institutional players can and should make a difference by focusing on small, practical solutions that protect their attorneys’ most precious personal resource and professional commodity — time, says Chad Sarchio, president of the District of Columbia Bar.
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The Evolving Role Of The Law Firm Legal Secretary
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Technological shifts during the pandemic and beyond should force firms to rethink how legal secretaries can not only better support timekeepers but also participate in elevating client service, bifurcating the role into an administrative support position and a more elevated practice support role, says Lauren Chung at HBR Consulting.
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Series
Ask A Mentor: How Can I Ace My Upcoming Annual Review?.jpg)
Jennifer Rakstad at White & Case highlights how associates can emphasize achievements and seek support before, during and after their annual review, despite the pandemic’s negative effects on face time with colleagues and business development opportunities.
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How Your Law Firm's Brand Can Convey Prestige
In order to be perceived as prestigious by clients and potential recruits, law firms should take their branding efforts beyond designing visual identities and address six key imperatives to differentiate themselves — from identifying intangible core strengths to delivering on promises at every interaction, says Howard Breindel at DeSantis Breindel.
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How Dynamic Project Management Can Help Law Firms
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Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.
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Series
Ask A Mentor: How Can I Successfully Switch Practices?
Associates who pivot into new practice areas may find that along with the excitement of a fresh start comes some apprehension, but certain proactive steps can help tame anxiety and ensure attorneys successfully adapt to unfamiliar subjects, novel internal processes and different client deliverables, say Susan Berson and Hassan Shaikh at Mintz.
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Why Firms Should Help Associates Do More Pro Bono Work
Associates may hesitate to take on the added commitment of pro bono matters, but such work has tangible skill-building benefits, so firms should consider compensation and leadership strategies to encourage participation, says Rasmeet Chahil at Lowenstein Sandler.
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A Road Map For Creating Law Firm Sustainability Programs
Amid demands from clients and prospective hires for greater sustainability efforts, law firms should think beyond reusable mugs and create programs that incorporate clear leadership structures, emission tracking and reduction goals, and frameworks for reporting results, says Gayatri Joshi at the Law Firm Sustainability Network.