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After a couple of years of sluggish growth in work flowing into law firms, U.S. firms saw meaningful increases in demand, revenue and lawyer productivity during the first six months of 2024, according to the results of a midyear survey by Citi Global Wealth at Work.
It was no surprise when Uber Chief Legal Officer Tony West decided on the eve of the Democratic National Convention to take a leave of absence from his $10 million-a-year job to volunteer on the presidential campaign of his sister-in-law, Kamala Harris.
They say that one is the loneliest number, but for solo practitioners, adding a partner or another lawyer to their practice can be daunting. Former solos told Law360 Pulse why doubling up was worth it in the end.
Ballard Spahr LLP expanded its leadership team this week with the addition of a business development expert who joined the firm after more than nine years with Norton Rose Fulbright, the firm said Monday.
Some small firm founders hang their shingle with the intention of growing into a behemoth, and others wake up one day after a decade of steady growth to realize they've gone from a 10-attorney firm to one with 50. Either way, growth can be daunting.
Attorneys at large law firms often enjoy plenty of nonlawyer help: paralegals, marketing professionals, an accounting department and more. By contrast, small firm lawyers and solo practitioners often have to carefully consider if hiring a support staffer is worth it. Here's the story of how some small firm lawyers have made this decision.
Shaw Keller LLP and Covington & Burling LLP lead this week's edition of Law360 Legal Lions, after a federal judge overturned a Delaware jury verdict that AstraZeneca owes $107.5 million for infringing two cancer drug patents owned by a Pfizer unit.
It's been more than a week since Milbank LLP first announced it was offering special bonuses this summer to its associates and counsel. And traditionally, BigLaw has been swift to follow a market leader like Milbank on pay.
Thompson Coburn LLP partner William “Bill” Bay recently assumed the presidency of the American Bar Association at the organization's annual meeting in Chicago. Here, Bay spoke with Law360 Pulse about his plans to make the organization the home of the legal profession.
Presidents from eight of the nation's largest bar associations are asking legal industry leaders to help defend diversity, equity and inclusion initiatives against attacks from segments of the country.
This was another action-packed week for the legal industry as BigLaw made big hires and Donald Trump's legal woes continued. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Utah Chief Justice Matthew B. Durrant, who was recently selected as president of the Conference of Chief Justices, joined Law360 Pulse for a wide-ranging discussion that touched on the biggest challenges facing chief justices and how attorneys should conduct themselves with decency.
Law firms are taking a nuanced approach to fill new artificial intelligence-centric roles, including "testing" experienced professionals as consultants and thinking about potentially having data scientists work remotely, a panel of experts said Thursday.
Attorneys from Fox Rothschild LLP are representing Journey keyboardist Jonathan Cain in his Delaware Chancery Court battle with Neal Schon, the band's guitarist, represented by Seward & Kissel LLP and Prickett Jones & Elliott PA, over control of the band's operating entity.
Delaware's Supreme Court on Wednesday backed a Chancery Court decision awarding an almost record-breaking $266.7 million fee for stockholder attorneys who settled a class action against Dell Technologies Inc. for $1 billion, saying the Chancery "did not exceed its discretion in setting the fee percentage."
Food and beverage gatherings, demos during meetings and statements from passionate advocates are just some ways law firms are getting attorneys excited about new technologies, a panel of leaders said Tuesday.
Pennsylvania information technology company Unisys Corp. must front the legal fees and expenses for two executives it hired away from French competitor Atos SE and then sued for trade secret infringement after they went back to Atos two years later, Delaware's Court of Chancery has ruled.
Even as law firms have faced legal threats in the past year over their diversity, equity and inclusion programming, the number of firms that have committed to embracing diversity via Mansfield certification continues to grow, according to an announcement Wednesday.
Attorneys for a former hedge fund manager now entangled in wide-ranging Ponzi scheme allegations urged a Delaware vice chancellor on Tuesday toward quick action on his legal fee indemnification claims, citing "great risk" from mounting personal liability exposure.
Most legal and compliance executives are worried that their own companies are not ready to meet the requirements of the new U.S. Corporate Transparency Act, and many don't even know when the reporting deadlines are.
After a career helping to handle terrorism-related cases as a federal prosecutor, Edward O'Callaghan has joined Cahill Gordon & Reindel LLP, where he will serve as co-leader of the firm's Washington, D.C., office and chair of its congressional investigations practice.
Law360 Pulse caught up with Michelle Behnke, the American Bar Association's new president-elect, to discuss the challenge of keeping up with changes in the legal profession.
Delaware's chief judge was baffled by Alnylam Pharmaceuticals' argument that the word "vaccine" in a patent it claims Pfizer and BioNTech have infringed doesn't actually require a vaccine, leading him to reject the trip down the rabbit hole presented by the company in exchange for "common sense."
Delaware's Supreme Court on Monday denied an ex-Morris James LLP paralegal's attempt to revive his bid to collect unemployment benefits after he agreed to leave the firm, saying he failed to show that a lower court made a "reversible error" in upholding the denial of his jobless pay bid.
Law firm leaders today are faced with an unprecedented challenge and opportunity: managing anywhere from four to five generations of lawyers together in a single workplace.
Series
Ask A Mentor: How Do I Relay Shortcomings To Associates?Michael Cohen at Duane Morris discusses the best ways to articulate how an associate is not meeting expectations, and why documentation of performance management is crucial for their growth and protecting the firm from discrimination suits.
Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.
The legal profession faces challenges that urgently demand new solutions, and lawyers and firms can address this by leaning on other industries that have more experience practicing, teaching and incorporating innovation into their core business and service models, says Jennifer Leonard at the University of Pennsylvania.
The Americans with Disabilities Act and rules of professional conduct may help the legal profession promote lawyer well-being by focusing on mental conditions' actual impact, rather than on associated stereotypes, says Alex Long at the University of Tennessee College of Law.
Series
Ask A Mentor: How Can New Partners Generate Business?Christine Wong at MoFo discusses how newly elected partners can prioritize business development by creating a strategic plan with the firm's marketing team and strengthening relationships with professional and personal networks.
Hidden in the U.S. Supreme Court’s opinions from the last term are each justice’s talents for crafting choice turns of phrase, highlighting best practices for attorneys to jump-start their own writing, says Ross Guberman at BriefCatch.
As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.
New York's recently announced requirement that lawyers complete cybersecurity training as part of their continuing legal education is a reminder that securing client information is more complicated in an increasingly digital world, and that expectations around attorneys' technology competence are changing, says Jason Schwent at Clark Hill.
Opinion
Law Firms Stressing Work-Life Balance Are Missing The MarkLaw firms struggling to attract and retain lawyers are institutionalizing work-life balance through hybrid work models, but such balance is elusive in a client services and tech-dependent world, underscoring the need for firms to instead aim for attorney empowerment and true balance within — not outside — the workplace, says Joe Pack at Pack Law.
Summer associates are expected to establish a favorable reputation and develop genuine relationships in a few short weeks, but several time management, attitude and communication principles can help them make the most of their time and secure an offer for a full-time position, says Joseph Marciano, who was a 2022 summer associate at Reed Smith.
To avoid physical and emotional exhaustion, attorneys must respect their own and their colleagues' personal and professional boundaries, but law firms must also play a role in discouraging burnout culture — especially if they are struggling with attorney retention, say attorneys at Lowenstein Sandler.
Gibson Dunn's Debra Yang shares the bumps in her journey to becoming the first female Asian American U.S. attorney, a state judge and a senior partner in BigLaw, and how other women can face their self-doubts and blaze their own trails to success amid systemic obstacles.
Law firms that are considering creating an in-house alternative legal service provider should focus not on recapturing revenue otherwise lost to outside vendors, but instead consider how a captive ALSP will better fulfill the needs of their clients and partners, say Beatrice Seravello and Brad Blickstein at Baretz & Brunelle.
Ignore what you've been told about jargon — adding insider industry terms to your firm's marketing and business development content can persuade potential clients that you have the specialized knowledge they can trust, says Wayne Pollock at Law Firm Editorial Service.
To attract future lawyers from diverse backgrounds, firms must think beyond recruiting efforts, because law students are looking for diversity, equity and inclusion initiatives that invest in employee professional development and engage with students year-round, says Lauren Jackson at Howard University School of Law.