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Delaware Pulse
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry marked the beginning of March with another busy week as BigLaw firms made new hires and adjusted their practices.
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Chemours Internal Review Reveals Violations By Top Execs
Chemical giant Chemours announced on Wednesday that an internal investigation revealed that three executives engaged in unethical financial practices to boost their incentive compensation.
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Del.'s Corp. Law Dominance A Hot Topic At Tulane Conference
Whether Delaware will continue to be where many companies choose to incorporate and its courts will remain the go-to venue for deciding high-stakes business disputes was a hot topic of conversation as Tulane Law School commenced its annual Corporate Law Institute on Thursday.
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Meet The Attys Repping Juniper Investor In Suit Over HPE Sale
Attorneys from Weiss Law LLP and Bielli & Klauder LLC are representing a Juniper Networks Inc. investor who alleges leaders of the artificial intelligence networking platform have withheld material information about the company's $14 billion acquisition by Hewlett Packard Enterprise Co.
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And The Oscars' Legal Questions Go To ... John Quinn
When he was the general counsel to the Academy of Motion Picture Arts and Sciences, Quinn Emanuel founding partner John Quinn attended the Oscars dozens of times, and he did so with a copy of the broadcast network contract tucked into his tuxedo pocket.
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Equity Concerns Follow Mass Torts' March Into Bankruptcy
After decades of suffering and waiting, a group of more than 82,000 childhood sexual abuse survivors recently reached a $2.5 billion bankruptcy settlement with the Boy Scouts of America and related groups. Yet the survivors may once again be in suspense.
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GCs See Data Privacy, ESG As Growing Risk Areas For 2024
While regulatory compliance remains top of mind for chief legal officers, data privacy, and environmental, social and governance have entered the conversation as leading risks for legal department leaders, according to the results of a new survey.
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Latham Passes Skadden As Busiest Securities Defense Firm
Despite a downward trend in securities case filings over the past three years, Latham & Watkins LLP has remained one of the most active law firms on the defense side, taking over the top spot from Skadden Arps Slate Meagher & Flom LLP, according to reports released by Lex Machina.
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Epic Tesla Fee Bid May Blaze Extraordinary Chancery Path
An unprecedented $5 billion-plus stock-based fee award sought by class attorneys who recently short-circuited Tesla CEO Elon Musk's 12-step, $51 billion compensation package has set up an equally unprecedented test for Delaware Court of Chancery fee guidelines and a potential award one law expert described as "dynastic wealth."
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The Firms Charging Into Secondary Cities As BigLaw Retreats
While top-tier firms have recently tapered their migration to secondary legal markets, firm leaders and recruiters say these locations continue to hold appeal for midtier firms, citing advantages such as lower expenses and competitive billing rates.
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Where E-Discovery Generative AI Efforts Currently Stand
More e-discovery companies are announcing new capabilities that harness the power of generative artificial intelligence, but I'm hearing confusion among some law firm leaders about the immediate availability of the tools in a more crowded legal tech market.
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Terraform Says Creditors Sabotaging Dentons Retention
A Delaware bankruptcy judge on Tuesday allowed Terraform Labs unsecured creditors time to catch up on a dispute over the debtor's Denton's retention, a request Terraform dubbed "sabotage" of its defense in an upcoming $40 billion securities fraud trial.
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MG+M Opens In NJ, Adds 4-Atty Team From McElroy Deutsch
Manning Gross & Massenburg LLP announced Tuesday that it has launched an office in northern New Jersey and brought on a team of four attorneys who came aboard from McElroy Deutsch Mulvaney & Carpenter LLP.
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Tully Rinckey's Atty Contracts Offer Warning To Other Firms
The ongoing disciplinary case against the founders of Tully Rinckey PLLC over restrictions the firm placed on departing attorneys is an unusual one, but experts say it's still an important reminder for lawyers to be mindful of the ethical considerations of their employment agreements.
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Fish & Richardson Leader On Thriving During Pandemic
Fish & Richardson PC announced Monday that it had reelected president and CEO John Adkisson to a second term. Here, Adkisson talks to Law360 Pulse about navigating the firm through the pandemic with record profits and his goals for the next four years.
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The Most Notable Numbers For 2024 Mid-Law Promotions
Partnership promotions among Mid-Law firms ticked downward during the 2024 promotion cycle, with average class sizes falling below five partners, based on an analysis of announcements from mid-size and regional firms.
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Southeast, Michigan Highlight Mid-Law Partner Promotions
A survey by Law360 Pulse of Mid-Law partner promotion class announcements shows Southeastern markets like Alabama, Georgia and the Carolinas started 2024 with heavy growth, while Michigan-based firms saw a substantial increase from previous years.
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Number Of Women In Mid-Law Partner Classes Stays Stagnant
The percentage of female attorneys in this year's partnership classes among Mid-Law firms remained constant, with experts saying that although midsize and regional firms tend to do better than their BigLaw cousins, work remains to be done if firms are to reach gender parity among their partner ranks.
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$22M Deal Proposed In Golden Nugget-DraftKings Merger Suit
Golden Nugget Online Gaming Inc. and public stockholders who challenged the venture's $1.56 billion all-stock sale to DraftKings Inc. in Delaware's Court of Chancery have agreed to settle the case for $22 million, with up to 23% reserved for class attorneys.
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'Bright Line' Recusal Rule May Be Challenging To Fed. Judges
A new ethics opinion clarifying when federal judges should step aside from cases when they own stock in a party's parent company is a positive step toward transparency, but it also creates a lot of work for judges and may not have much practical impact, according to experts.
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Fish & Richardson Reelects CEO To 2nd Term
Global intellectual property law firm Fish & Richardson PC announced Monday that John Adkisson had been reelected to serve a second four-year term as president and CEO.
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Tesla Stock For Fees? Attys Who Got Musk's Pay Cut Say Yes
The lawyers who convinced the Delaware Chancery Court to scuttle Elon Musk's proposed $55 billion Tesla compensation package on Friday filed a request for legal fees that came with a twist — they want to be paid in Tesla stock that rounds out to about $5.6 billion.
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Law360's Legal Lions Of The Week
Susman Godfrey LLP and Truelove Law Firm lead this week's edition of Law360 Legal Lions after a Texas state jury awarded $287 million to Dutch telecommunications company Koninklijke KPN in a contract dispute with Samsung Electronics Co.
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Voir Dire: Law360 Pulse's Weekly Quiz
February ended with a bang as BigLaw made moves and the Supreme Court waded into former President Donald Trump’s legal woes. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
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Clerk Database Founder On Cruel Judges, Law School Inertia
This month, the Legal Accountability Project will launch an online clerkship database consisting of more than 800 reviews of state and federal judges. Access will be limited to law students undergoing the clerkship application process and seeking honest assessments of their would-be bosses.
Expert Analysis
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A Call For Personal Accountability On Diversity And Inclusion
While chief legal officers are increasingly involved in creating corporate diversity, inclusion and anti-bigotry policies, all lawyers have a responsibility to be discrimination busters and bias interrupters regardless of the title they hold, says Veta T. Richardson at the Association of Corporate Counsel.
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Learning How To Code Can Unleash New Potential In Lawyers
Every lawyer can begin incorporating aspects of software development in their day-to-day practice with little to no changes in their existing tools or workflow, and legal organizations that take steps to encourage this exploration of programming can transform into tech incubators, says George Zalepa at Greenberg Traurig.
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Supporting Associates Amid Pandemic's Mental Health Toll
As junior associates increasingly report burnout, work-life conflict and loneliness during the pandemic, law firms should take tangible actions to reduce the stigma around seeking help, and to model desired well-being behaviors from the top down, say Stacey Whiteley at the New York State Bar Association and Robin Belleau at Kirkland.
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The Importance Of Client Engagement In Law Firm Innovation
As clients increasingly want law firms to serve as innovation platforms, firms must understand that there is no one-size-fits-all approach — the key is a nimble innovation function focused on listening and knowledge sharing, says Mark Brennan at Hogan Lovells.
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The Unique Challenges Facing Women-Owned Law Firms
In addition to establishing their brand from scratch, women who start their own law firms must overcome inherent bias against female lawyers and convince prospective clients to put aside big-firm preferences, says Joel Stern at the National Association of Minority and Women Owned Law Firms.
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The Pursuit Of Wellness In BigLaw: Lessons From My Journey
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Jane Jeong at Cooley shares how grueling BigLaw schedules and her own perfectionism emotionally bankrupted her, and why attorneys struggling with burnout should consider making small changes to everyday habits.
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Why We Must Recruit And Advance More Black Prosecutors
Black Americans make up a disproportionate percentage of the incarcerated population but are underrepresented among elected prosecutors, so the legal community — from law schools to prosecutor offices — must commit to addressing these disappointing demographics, says Erika Gilliam-Booker at the National Black Prosecutors Association.
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Series
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Young lawyers overwhelmed with a crushing workload must tackle the problem on two fronts — learning how to say no, and understanding how to break down projects into manageable parts, says Jay Harrington at Harrington Communications.
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A Scientific Path For Improving Diversity At Law Firms
Law firms could combine industrial organizational psychology and machine learning to study prospective hires' analytical thinking, stress response and similar attributes — which could lead to recruiting from a more diverse candidate pool, say Ali Shahidi and Bess Sully at Sheppard Mullin.
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Series
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In the first installment of Law360 Pulse's career advice guest column, Meela Gill at Weil offers insights on how associates can ask for meaningful work opportunities at their firms without sounding like they are begging.
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Legal Sector Regulatory Reform Is Key To Closing Justice Gap
In order to improve access to justice for those who cannot afford a lawyer, states should consider regulatory innovations, such as allowing new forms of law firm ownership and permitting nonlawyers to provide certain legal services, says Patricia Lee Refo, president of the American Bar Association.
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Opinion
High Court's Carney V. Adams Analysis On Standing Is Flawed
The U.S. Supreme Court’s recent ruling in Carney v. Adams that a Delaware lawyer lacked standing to challenge the state's rules on judiciary bipartisanship was based on an incorrect reading of the constitutional requisites for Article III standing, says Leland Ware at the University of Delaware.
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Opinion
Carney V. Adams Threatens Delaware's Balanced Judiciary
This week’s U.S. Supreme Court arguments in Carney v. Adams presented a strong challenge to Delaware’s bipartisan-judiciary requirement, but the tradition is critical to ensuring the state's courts remain free from partisan influence, says Rodney Smolla at the Widener University Delaware Law School.