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Hundreds of offices were destroyed in the Sept. 11 attacks, altering the New York City skyline forever and transforming the commercial real estate landscape for Manhattan’s legal industry in the 25 years since.
The Associated Press has found its new general counsel in an experienced media attorney who most recently spent more than 16 years with Dow Jones, the publisher of The Wall Street Journal.
AI is driving a significant gap between in-house legal departments' budgets and the cost of their workloads, according to a new study. Speaking of gaps, a new Law360 Pulse report on women in law found that men still make up 71% of law firm equity partners and 63% of nonequity partners. These are some of the stories in corporate legal news you may have missed in the past week.
Connie Brenton and Jeff Franke consider themselves, and others in the field of legal operations, to be, fundamentally, entrepreneurs. Here, the pair sat down with Law360 Pulse to talk about the state of their field, why legal ops is still misunderstood, and their annual conference, Running Legal Like a Business, which took place this week in Las Vegas.
The legal chief at Two Harbors is among a handful of executives leaving the mortgage servicing-focused real estate investment trust following its August acquisition by CrossCountry Mortgage, according to a securities filing.
The Association of Corporate Counsel alleges in Delaware federal court that its competitor used the nonprofit's proprietary materials to train its artificial intelligence tool Lloyd and "brazenly promoted its Lloyd product by showing the public that ACC materials could be accessed via Lloyd."
Twenty-five years after Sept. 11, 2001, sprawling litigation to hold foreign governmental bodies and financial institutions responsible continues to wind its way through the court system, and the alleged mastermind of the attacks is yet to face trial.
Faegre Drinker Biddle & Reath LLP has hired a former Amazon Health Services senior corporate counsel, who in her previous role was a lead legal adviser to One Medical.
The legal industry had another busy week as Law360 released new diversity data exploring the representation of women and people of color at U.S. law firms. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Haynes Boone has bulked up its labor and employment practice with two Dallas-based hires, one who joined from an in-house role at Toyota and another who came aboard from Ashurst Perkins Coie.
Artificial intelligence is giving corporate legal departments the opportunity to rethink how work is divided between outside counsel and in-house attorneys, but the pace of change in technology and demands to adapt from corporate heads remain challenges, in-house leaders said this week at an industry event.
Florida-based legal network TerraLex has tapped a former executive at Norton Rose Fulbright to serve as the company's CEO.
The National Retail Federation, the largest retail trade association, has hired the former deputy director of Amazon's counterfeit crimes unit as its general counsel, who also has leadership experience as the Motion Picture Association's litigation head and Sideman & Bancroft LLP's D.C. office leader.
About one-fifth of attorneys across the country meet moderate-to-extremely severe symptom thresholds for depression, anxiety and stress, according to the largest-ever study of mental health and well-being in the legal profession.
More women are leading major law firms, but the job they are stepping into looks increasingly different from the one that existed when many began their careers.
Law360 Pulse’s Women in Law Report looks at the representation of women in the ranks at U.S. law firms — from new associates to seasoned equity partners. Explore the data to see a detailed look at the numbers and how they shift at every rung of the ladder.
After watching previous generations pour themselves into work no matter the cost, Gen Z women attorneys emphasize flexibility and work-life balance in career planning more than their predecessors, according to several Gen Z women attorneys and legal industry experts who spoke with Law360.
Women enter law firms in numbers rivaling men, but reaching the top of the law firm hierarchy is another matter. Here’s our data dive into the representation of women at U.S. law firms.
The Connecticut Freedom of Information Commission admonished the general counsel for the state's utility regulator on Wednesday, warning attorney Scott Muska to properly handle public records requests according to state law.
Investor-side firm Labaton Keller Sucharow LLP has tapped two former U.S. Securities and Exchange Commission veterans to lead a new practice representing whistleblowers before the SEC and other federal regulators, reviving a service that the firm provided five years ago.
AI-native law firms incorporating artificial intelligence into their legal work from their inception are on the rise in the legal industry, but face a balancing act between the technology powering them and their obligations as legal service providers, according to panel discussions Wednesday at an industry event.
GCVC, an early-stage venture fund founded by a former attorney at Fenwick & West LLP and current general counsel and chief compliance officer at property payment platform Bilt Technologies Inc., launched on Wednesday with the announcement of its first two investments.
Genuine Parts Co. announced Wednesday that its senior vice president and general counsel will continue to be its GC after the Atlanta-based company spins off its industrial business as a separate company called Motion.
Georgia State University has appointed a senior in-house counsel for Stanford University to take over next month as its general counsel, adding an attorney with legal experience in higher education and at the U.S. Department of Defense.
New Jersey-based electrical component manufacturer Bel Fuse Inc. has announced that an experienced in-house attorney who has spent over a decade with medical device company Stryker has been named its new general counsel.
The law firm marketing efforts with the best return on investment are things that actively provide value to potential clients: practical business guidance, uncluttered proposals that anticipate their questions and opportunities to participate in curated industry conversations, says Shireen Hilal at Maior Strategic Consulting.
To ensure continued success, law firm leaders helming their firms through the legal industry revolution should take inspiration from the Founding Fathers' bold decisions, such as James Madison's abandonment of the Articles of Confederation and George Washington's trust in junior officers', says Samuel Pond at Pond Lehocky.
The artificial intelligence conversation among law firm leaders has advanced from adoption to governance and business impact, but it hasn’t resolved who maintains ownership and operational responsibility, which should be determined by the range of functions that AI touches, says Jennifer Johnson at Calibrate.
Series
Biz Development Tip Of The Month: Practice AuthenticityAttorneys who demonstrate who they truly are and what they stand for by sharing the human impact of their results, earning the media's trust by providing accessible analysis, and providing hands-on aid to their communities can build stronger reputations than any advertising budget can buy, says Ray DeLorenzi at RebuttalPR.
Legal artificial intelligence is on a similar trajectory as the internet in the dot-com era, where several internet companies failed after the initial market frenzy, but even if AI company valuations take a hit and the industry goes through a major reordering, legal leaders should note that the technology itself remains genuinely transformational for the delivery of legal services, says Gabriel Buigas at Integreon.
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.