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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.
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.
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.
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.
Lowenstein Sandler LLP has expanded its investment management and private funds group by adding a pair of attorneys in New York, including an incoming partner with both in-house and BigLaw experience.
Trust is the foundation of any great client relationship, but it isn’t built overnight or maintained passively — rather, counsel must consistently show up in small but important ways to become the trusted partner clients rely on when judgment matters most, says Andrew Dick at The L Suite.
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Biz Development Tip Of The Month: Make An Onboarding Plan
The investment required for a personalized client onboarding plan is minimal, but the return on investment — measured in client satisfaction, relationship strength and longevity, client referrals, and other business development opportunities — can be extraordinary, says John Reed at Rain BDM.
A number of trends will continue to reshape how people search, consume and trust information next year, and law firms will need to adopt forward-thinking content strategies — from generative engine optimization to interactive legal tools — to stand out, says Elizabeth Lampert at Elizabeth Lampert PR and Nancy Myrland at Myrland Marketing and Social Media.
Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.
New job archetypes are rapidly replacing the traditional model of the lawyer as artificial intelligence proliferates, and to remain competitive, firms will need to embrace the diverse portfolio of talent required to navigate, design and critique algorithmic systems, says Dmitri Mehlhorn at Atoll Society.
Legal management services organizations, which outsource the administrative aspects of law firms to separate entities, are poised to disrupt the industry in the year to come, so firms and attorneys should consider the advantages and disadvantages of several MSO models, say Frederick Shelton and Ayven Dodd at Shelton & Steele.
Impostor syndrome prevails as a main root cause of attorney burnout, but sufferers can equip themselves with a series of practice tips that build confidence through evidence, not emotion, to address the mindset behind this damaging condition, says Jonathan Cohen at PNY.
Today's general counsel expect outside lawyers to show interest, relevance and value long before there is a live matter to address, including by engaging with attorneys at every level of the company and dispensing free advice thoughtfully, says Andrew Dick at The L Suite.
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Biz Development Tip Of The Month: Start Early In Your Career
Having the courage to embark on your legal business development strategy early in your career allows you to sooner reap the rewards of a strong network, which in turn can increase the momentum of referrals over the course of your career, says Kristin Housh at Sheppard Mullin.
As the legal profession navigates changes driven by artificial intelligence and broader pressures, leaders should consider behavioral research-backed strategies to translate enthusiasm into tangible results for team performance, say attorneys at King & Spalding.
Though law firms and private equity firms appear to be strange bedfellows, such combinations may offer opportunities for ailing midsize firms — which must be weighed against risks to culture, brand and growth prospects, say directors at FTI Consulting.
This year's Buying Legal Council Conference highlighted three emerging forces in how buyers and sellers operate in the legal ecosystem — artificial intelligence, data and preferred panels — and organizations would be well advised to combine them into an integrated framework for transparency, performance and collaboration, says Matthew Prinn at RFP Advisory Group.
As legal departments face mounting pressure to do more with less, general counsel should lead a structured process for adopting generative artificial intelligence tools to transform productivity, manage risk and align with enterprise priorities, says Maesea McCalpin at Gartner.
Amid law firm layoffs of business development staff, lawyers cannot depend solely on their firms to foster their professional growth, and must instead create their own initiatives for building community, says Lana Manganiello at Practice Growth Partner.
As artificial intelligence changes the dynamic between in-house and outside counsel, both internal and external legal teams must thoughtfully reimagine how to mutually leverage AI tools to collaborate and deliver successful outcomes, say Karineh Khachatourian at KXT Law and Diane Honda at Redis.