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McDermott Will & Schulte's confirmation that it is considering taking investment from private equity is part of a wider wave of law firms of all sizes actively exploring the novel maneuver amid mixed opinion as to whether it makes sense for BigLaw.
The U.S. Supreme Court took on four cases this week, mulling a prison inmate's forced haircut, immunity for a private prison operator accused of forced labor, and what can be considered when weighing a prisoner's compassionate release. Here, Law360 Pulse takes a data-driven dive into the week that was at the high court.
Two attorneys who both spent more than a decade each with Hogan Lovells working on deals and complex financial transactions have moved their practices to Mayer Brown LLP's Washington, D.C., office, the firm has said.
Charles Claypoole, an international arbitration partner at Latham & Watkins LLP whose successful representation of German bank UniCredit Bank GmbH set a new precedent for the jurisdiction of English courts over international disputes, has earned a spot as one of the 2025 Law360 International Arbitration MVPs.
Jeff Hammel of Latham & Watkins LLP's securities litigation practice won three cases in one day in March, notching a distinctive career milestone and earning a place among the 2025 Law360 Securities MVPs.
Jason C. Schwartz, co-chair of Gibson Dunn & Crutcher LLP's labor and employment practice, convinced Maryland's Supreme Court to create new case law in favor of his client Amazon clarifying the state's wage and hour statutes, earning him a spot as one of the 2025 Law360 Employment MVPs.
Pardis Zomorodi, partner at Latham & Watkins LLP's transactional tax practice in Los Angeles, has guided companies through the tax aspects of major complex transactions, including 2024's largest IPO and the high-profile merger between Skydance Media and Paramount Global, earning her a spot as one of the 2025 Law360 Tax MVPs.
Andrew Wirmani of Reese Marketos LLP's healthcare practice helped shepherd a record False Claims Act win against Janssen Products and secured a $100 million settlement with nursing home pharmacy services provider PharMerica, earning him a spot as one of the 2025 Law360 Healthcare MVPs.
Gilbert K.S. Liu, who helped plan Kramer Levin's merger with Herbert Smith Freehills, led a $498.5 million securitization of Tesla solar retail installment contracts and a $228.2 million securitization of Puerto Rico solar and energy storage loans, earning him a spot as one of the 2025 Law360 Complex Financial Instruments MVPs.
Ronit Berkovich of Weil Gotshal & Manges LLP's bankruptcy practice ascended to co-chair of her team and helped guide Avon Products through a roughly $1.3 billion Chapter 11 case to plan confirmation, earning her a spot as one of the 2025 Law360 Bankruptcy MVPs.
Longtime general counsel and law firm lawyers who walked away from stable jobs elsewhere in the law profession to lead legal functions at AI startups say they're excited by the chance to help set policy around innovation and continue to learn in an emerging space.
Sidley Austin LLP and Orrick Herrington & Sutcliffe LLP lead this week's edition of Law360 Legal Lions, after a Washington federal jury cleared Novo Nordisk of allegations that it defrauded the state's Medicaid and Medicare systems by paying kickbacks and promoting off-label use to illegally boost prescriptions of its hemophilia drug NovoSeven.
King & Spalding LLP and an attorney who complained that she didn't apply to a summer associate program as a straight, white woman because the firm sought diverse applicants have agreed to end her bias case, according to a filing in the Fourth Circuit.
An Oregon federal judge has decided not to sanction Buchalter PC and other counsel representing an environmental nonprofit in a trademark infringement dispute for submitting "hallucinated" case citations generated by an artificial intelligence tool, saying he is satisfied with "remedial actions" already done or to be taken.
After less than two weeks on the job, Laura Enderton-Speed, the California State Bar's new executive director, is already busy working to strengthen trust in the organization following the botched administration of the February bar exam.
Duane Morris LLP has hired a senior litigation counsel from the Consumer Financial Protection Bureau who for more than three years in the agency's enforcement division litigated matters related to mortgage fraud, small-dollar lending and a range of related matters.
As Thanksgiving — and bonus season — approaches, the lateral hiring market for BigLaw associates remains "very mixed," leading industry pundits to predict most law firms won't offer outsize bonuses this year.
The legal industry had another busy week with more lateral hires and leadership changes, and one BigLaw firm exploring private equity investments.
Weil Gotshal & Manges LLP, representing Steward Health Care in its Chapter 11 bankruptcy, and Akin Gump Strauss Hauer & Feld LLP, representing the hospital operator's committee of unsecured creditors, defended their respective professional fee requests that add up to over $304 million in response to Massachusetts' objections.
Jenner & Block LLP and its former client Sierra Leone have resolved their fight over unpaid legal fees and allegedly fraudulent overbilling in the nation's underlying dispute with its iron ore mining concessionaire Gerald International Ltd., according to a minute order issued Thursday in D.C. federal court.
Quarles & Brady LLP has appointed new chairs for three of its practice groups, announcing on Thursday new heads for its business law, labor & employment, and immigration & mobility practices.
Holland & Knight LLP has hired a former senior adviser for the U.S. Department of Education, who joined the firm in Washington, D.C., and will provide counsel to local governments on federal policy and funding matters.
Ropes & Gray LLP announced Thursday that an attorney who left its ranks a few years ago for private equity firm Advent International Corp. is set to return to the firm at the beginning of December as the co-leader of its global private capital transactions practice.
Withers has a new senior counsel who has handled record-setting private sales and helped to place works in iconic institutions including the Museum of Modern Art in New York, the Getty Museum in Los Angeles and the National Gallery in Washington, D.C., the firm announced Thursday.
Adam Kool, a tax partner at Kirkland & Ellis LLP, spent the past year advising on high-profile, industry-transforming transactions. Kool's work on AbbVie's $63 billion acquisition of the pharmaceutical giant Allergan, GTCR's pending $24.25 billion sale of global payment processing company Worldpay and other billion-dollar transactions has earned him a spot as one of the 2025 Law360 Tax MVPs.
Series
My Nonpracticing Law Job: Librarian
Lisa A. Goodman at Texas A&M University shares how she went from a BigLaw associate who liked to hang out in the firm's law library to director of a law library herself in just over a decade, and provides considerations for anyone interested in pursuing a law librarian career.
Federal courts have recently been changing the way they quote decisions to omit insignificant details and string cites, and lawyers should consider adopting this practice to enhance the readability of their briefs — as long as accuracy stays top of mind, says Diana Simon at the University of Arizona James E. Rogers College of Law.
Nikki Lewis Simon, chief diversity, equity and inclusion officer at Greenberg Traurig, discusses best practices — and some pitfalls to avoid — for law firms looking to build programs aimed at driving inclusion in the workplace.
Former Minnesota Supreme Court Chief Justice Lorie Gildea, now at Greenberg Traurig, offers strategies on writing more effective appellate briefs from her time on the bench.
While involvement in internal firm initiatives can be rewarding both personally and professionally, associates' billable time requirements don’t leave much room for other work, meaning they must develop strategies to ensure they’re meeting all of their commitments while remaining balanced, says Melanie Webber at Fisher Phillips.
Amid a dip in corporate legal spending and client pushback on bills, Shireen Hilal at Maior Consultants highlights specific in-house counsel frustrations and explains how firms can provide customized legal advice with costs that are supported by undeniable value.
Like the ancient Spartans who held off a numerically superior Persian army at the Battle of Thermopylae, trial attorneys and clients faced with arbitration against an opponent with a bigger war chest can take a strategic approach to create a pass to victory, say Kostas Katsiris and Benjamin Argyle at Venable.
It is critical for general counsel to ensure that a legal operations leader is viewed not only as a peer, but as a strategic leader for the organization, and there are several actionable ways general counsel can not only become more involved, but help champion legal operations teams and set them up for success, says Mary O'Carroll at Ironclad.
A new ChatGPT feature that can remember user information across different conversations has broad implications for attorneys, whose most pressing questions for the AI tool are usually based on specific, and large, datasets, says legal tech adviser Eric Wall.
Legal organizations struggling to work out the right technology investment strategy may benefit from using a matrix for legal department efficiency that is based on an understanding of where workloads belong, according to the basic functions and priorities of a corporate legal team, says Sylvain Magdinier at Integreon.
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My Nonpracticing Law Job: Recruiter
Self-proclaimed "Lawyer Doula" Danielle Thompson at Major Lindsey shares how she went from Columbia Law School graduate and BigLaw employment associate to a career in legal recruiting — and discovered a passion for advocacy along the way.
Series
Ask A Mentor: How Do I Balance Social Activism With My Job?
Corporate attorneys pursuing social justice causes outside of work should consider eight guidelines for finding equilibrium between their beliefs and their professional duties and reputation, say Diedrick Graham, Debra Friedman and Simeon Brier at Cozen O'Connor.
Mateusz Kulesza at McDonnell Boehnen looks at potential applications of personality testing based on machine learning techniques for law firms, and the implications this shift could have for lawyers, firms and judges, including how it could make the work of judges and other legal decision-makers much more difficult.
The future of lawyering is not about the wholesale replacement of attorneys by artificial intelligence, but as AI handles more of the routine legal work, the role of lawyers will evolve to be more strategic, requiring the development of competencies beyond traditional legal skills, says Colin Levy at Malbek.
Legal writers should strive to craft sentences in the active voice to promote brevity and avoid ambiguities that can spark litigation, but writing in the passive voice is sometimes appropriate — when it's a moral choice and not a grammatical failure, says Diana Simon at the University of Arizona's James E. Rogers College of Law.