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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.
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.
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.
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.
With firms increasingly offering the nonequity partnership tier, the position can become either a parking spot to help build a book of business or a permanent landing zone, and for those who want to become equity partners, business development matters more than ever, says Kate Reder Sheikh at Major Lindsey.
Roundup
RFP Reset
As artificial intelligence upends how companies draft, review and compare legal services requests for proposal — and how firms answer them — this Pulse Expert Analysis series offers practical tips for both outside and in-house counsel for staying competitive in a changing process
Series
RFP Reset: Focus On Execution, Not Just Expertise
Law firms that treat responses to requests for proposal as concrete evidence of staffing, budgeting, communication and project management discipline will be better positioned to win business from legal departments than firms that tout generic credentials alone, says LaResa Young at St. Jude Children's Research Hospital.
Lawyers can’t develop artificial intelligence fluency from continuing legal education courses, webinars or email updates, so firm leaders must foster conditions that are conducive to attorney learning if they want AI investments to deliver their promised return, says Adrienne Prentice at Keep Company.
During the early days in the general counsel role, establishing a CEO relationship that holds under pressure is dependent on earning access, communicating in business terms and advising candidly — all before a crisis arises, says Chaka Patterson, former general counsel at Adtalem Global Education.
Series
Biz Development Tip Of The Month: Harness Client Trust
Clients stay with counsel not simply because their lawyers follow the rules, but because they feel safe, respected and heard, making trust essential to business development, especially in high-stakes matters where reputational risk runs high, says Derrelle Janey at Olshan Frome.
Series
Legal Tech Talks: Summize GC On Operating Strategically
Lexi Lutz, general counsel of Summize, discusses how legal tech can make lawyers more proactive and less tied up in repetitive process work, so that they can spend more time acting as real business partners.
Junior lawyers can harness artificial intelligence to identify where they are gaining traction with clients and build a data-driven business development foundation long before conversations about partnership track begin, says Tigist Kassahun at Vinson & Elkins.
Section 4 of President Donald Trump's executive order promoting the advancement of artificial intelligence innovation and security establishes a federal baseline around AI agents, so general counsel cannot wait for enforcement to define the standard, says Camilo Artiga-Purcell at Kiteworks.
Series
RFP Reset: Standardize Pricing Requests
To keep up with rising legal costs amid an industry overhaul fueled by artificial intelligence, legal departments can make outside counsel requests for proposal more defensible and cost-effective by making pricing requests uniform, requiring comparable fee templates and evaluating staffing assumptions, says Colin Levy at Malbek.
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.