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Topping our list of multimillion-dollar stock sales in September, United Therapeutics' general counsel Paul Mahon earned $8.1 million. Also on the list are general counsel Richard Rothberg of Dell with $5.6 million and Adam Frankel of the fintech Chime Financial with $3.4 million.
Legal counsel from Uber and Netflix told an audience at the Association of Corporate Counsel's annual meeting in Boston on Tuesday that rapid changes in companies' internal use of artificial intelligence have heightened the risks around new innovation and are forcing legal teams to consider scalable governance.
A Hogan Lovells partner who previously was general counsel and vice president of legal affairs for the New York Jets is tackling a new role at Clifford Chance LLP, the firm announced Tuesday.
While artificial intelligence is a disruptive technology for corporate law departments, a panel of chief legal officers who spoke Monday urged their peers to be curious about innovation and to encourage their teams to embrace it while also allowing room for mistakes.
Legal operations software company LawVu on Tuesday announced the launch of an artificial intelligence tool to help in-house legal teams analyze risks across their entire contract portfolio.
Skyworks Solutions Inc.'s longtime legal leader has departed the company after its merger with fellow semiconductor-maker Qorvo, with Qorvo's top attorney taking on the same role at Skyworks.
International electronics manufacturing company Flex Ltd. said in a Monday securities filing announcing a spinoff of its cloud and power infrastructure that Flex's general counsel will become chief legal officer of the new company, to be known as Axiom Solutions International Inc.
The chief legal officer at Paramount Skydance Corp., who led the U.S. Department of Justice's antitrust unit during President Donald Trump's first term, will stay on the job following the company's anticipated $110 billion acquisition of Warner Bros. Discovery, the company said Monday.
The chair of the embattled American Bar Association's law school accreditation council died Thursday, according to the ABA.
While the overall U.S. economy's unemployment rate ticked up to 4.2% last month, the legal industry was in the midst of a six-month hot streak.
The Department of Justice has unveiled new corporate fraud enforcement priorities, and a report found that more than four out of five legal departments have adopted artificial intelligence. These are among the stories in corporate legal news you may have missed in the past week.
Kutak Rock LLP has hired two attorneys for its national tax credits practice, who joined the firm's teams in D.C. and Missouri, according to a recent announcement.
Lloyds Banking Group said Friday that it has appointed its general counsel for disputes to succeed its existing chief legal officer, who is preparing to step down at the end of the year.
Food service distribution giant Sysco Corp.'s top attorney received just over $4 million in total compensation in her first year as a named executive officer, according to a new securities filing.
The legal industry closed out September with a flurry of lateral moves and insight into the BigLaw "Billionaires' Club." Test your legal news savvy here with Law360 Pulse's weekly quiz.
Mattel Inc. has named Roger Lynch, a company board member and independent lead director, as chairman of the board and its new chief executive officer, as its former leader leaves to co-lead Paramount Skydance and Warner Bros. Discovery after the final stumbling block to their $110 billion deal was removed on Wednesday.
The chief legal officer of the online sports betting platform Flutter, which owns FanDuel, has resigned, saying on social media Thursday that he was taking another run at retirement since leaving his previous role as Target's legal chief.
Legal department hires during the past month included high-profile appointments at MSG Sports, Nestle and the Associated Press. Here, Law360 Pulse looks at some of the top in-house announcements from September.
The chief operating officer and corporate secretary of The Juilliard School and former general counsel of the Lincoln Center for the Performing Arts is to join Yale University as its next university secretary.
In under six years, Molly Abraham has gone from buying "Crypto For Dummies" — days before starting as director of legal at Coinbase — to serving as the high-profile cryptocurrency exchange's top lawyer. She spoke with Law360 Pulse this week about the attributes she learned from her predecessor Paul Grewal and how she approached an unfamiliar crypto environment.
A former New Jersey Transit assistant general counsel told a New Jersey state court that the agency fired him due to his age while also failing to abide by its own human resources policies in making its decision.
More than four out of five legal departments have now adopted artificial intelligence within their practices, but many still lag behind in adopting rules to govern the technology and measure its effectiveness, according to a Tuesday report by the Association of Corporate Counsel.
H&R Block Inc.'s chief legal and administrative officer received nearly $3 million in compensation for the fiscal year that ended June 30, up roughly $725,000 from the prior year, with the increase mostly due to stock awards, a public filing says.
The top attorney for the Estée Lauder Companies Inc. brought home over $7.6 million last year, including about $3.7 million in stock and option awards, a Wednesday securities filing shows.
Greenberg Traurig LLP has brought on the founder of Meltzer Lippe Goldstein & Breitstone LLP's investment management and funds practice as a shareholder and Long Island, New York, corporate practice and firmwide investment management group co-chair.
As strategic planning begins for the year ahead, firms must look beyond last year's numbers and ask harder questions about what is changing more broadly, what inside the firm needs to be fixed and what has to be true for the next investment or growth plan to work, says Shireen Hilal at Maior Consultants.
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RFP Reset: In The Age Of AI, Evidence Beats Eloquence
As firms increasingly use artificial intelligence tools to quickly produce highly tailored responses to requests for proposals, polished prose alone tells clients less than it once did, so in-house teams should compare meaningful evidence and measure whether promised value is actually delivered, says Roger Rutkowski at Mercedes-Benz USA.
For managing partners considering outside capital, one potential three-phase path could allow firms to transition from a traditional limited liability partnership to a publicly traded managed services organization structure, provided they keep ethical rules and regulations top of mind, say attorneys at Winston Taylor.
Though initial public offerings may represent the most efficient mechanism for recovering capital as private equity invests in law firm management services organizations, ethics rules, partner runs, shifting regulations and market pressures pose potential challenges, say attorneys at Winston Taylor.
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The GC's 1st 90 Days: How To Listen Before You Lead
For a new general counsel, scheduling conversations with your new team members, the C-suite and the company’s directors — where you can listen intently and strategically — is the fastest way to understand the company's fault lines and dynamics, says Alex Dimitrief, former general counsel at GE and Sotera Health.
As private equity investment in law firm management services organizations accelerates, initial public offerings may represent the most efficient mechanism for recovering capital at a multibillion-dollar scale, particularly if the transaction uses a tax-efficient partnership structure, say attorneys at Winston Taylor.
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Biz Development Tip Of The Month: Simplify Networking
The hardest part of business development is building relationships without feeling awkward or transactional, but to solve this networking conundrum we ranked networking activities from the least intimidating to the most challenging and shared a small, workable action item for each, say attorneys at Irell.
Pipeline programs for current and prospective lawyers to find and build careers in legal deserts should be designed with relationships and connection uppermost in mind and priority, says Presiding New York Supreme Court Justice Elizabeth Garry.
While building the Free Legal Answers platform, we have seen how technology can overcome barriers of time and space to make it easier for lawyers to help in legal deserts, meaning we must turn to big, bold measures, or the justice gap will continue to grow, says Buck Lewis at Baker Donelson.
As law school graduates enter the industry after experiencing significant educational disruption due to COVID-19, firms can adapt to the new generation's unique circumstances by rethinking how they onboard and develop incoming attorneys — starting with summer associates, say attorneys at Taft.
Corporate legal departments can expand access to justice in legal deserts in ways that don't require court appearances, as many client needs can be met through advice, brief service or pro se support, say Todd Stillerman at Wells Fargo and Allison Constance at Legal Aid North Carolina.
Law firms can work toward eliminating workplace disparities while reducing discrimination risk by opening events to all employees, expanding caregiver support, and using mentorship, coaching and pay equity data to guide durable inclusion efforts, says Lori Mihalich-Levin at Mindful Return.
Amid a reported gender gap in artificial intelligence use, female lawyers should think about AI ownership as beginning with adoption, expanding into career agency and influence, and culminating in collective leadership directed toward the profession and the public good, says Tamara Kraljic at Hughes Hubbard.
Law firms should learn from the challenges that have plagued client relationship management system adoption for over 30 years as they evaluate whether and how to implement artificial intelligence tools, says consultant Paul Manuele.
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RFP Reset: Start With Client Service
As clients increasingly expect the sophistication that artificial intelligence makes possible, law firms can use the proposal to adopt a client service mindset that delivers practical guidance the in-house legal team can use without translation, say attorneys at Stinson.