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Despite rising expenses driven by artificial intelligence and return to office mandates, the legal industry is performing well in 2026, with U.S. law firms recording a double-digit jump in revenue and strong growth in demand so far this year, according to new survey results from Citi Global Wealth at Work's Law Firm Group.
White & Case LLP has continued the growth of its global investment funds practice and global private capital industry group, with the addition of the global head of private funds and investment management at Mayer Brown LLP.
Clifford Chance LLP wants a high-profile partner pay dispute sent to arbitration, accusing two ex-partners who claim they're facing a $6 million clawback demand of "gamesmanship" by filing suit in New York federal court.
O'Melveny & Myers LLP has hired an environmental lawyer from Pillsbury Winthrop Shaw Pittman LLP, who spent the entirety of his over 20-year legal career at his previous firm representing clients in related corporate transactions, compliance audits and more, the firm announced Monday.
Clifford Chance announced Monday that it has fortified its leveraged and infrastructure finance offerings with a Houston-based partner who came aboard from Jones Day.
Orrick Herrington & Sutcliffe LLP announced the latest addition to its structured finance team on Monday, touting the former DLA Piper attorney's experience with collateralized loan obligations and related leveraged loan warehouse facilities.
Debevoise & Plimpton LLP announced on Monday the hiring of two former Davis Polk & Wardwell LLP lawyers as counsel focused on artificial intelligence in New York and Washington, D.C.
Holland & Knight LLP has tapped a veteran litigator who is its former litigation section chair to defend it against a real estate company's $1.2 billion malpractice lawsuit.
Over the past five years, at least half a dozen attorneys across the country have either been disbarred or faced serious discipline for their incendiary online posts targeting judges or public legal officers.
Baker Botts LLP and King & Spalding LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit enforced an over $2 billion arbitral award issued to a satellite communications company, ruling that the legal concept of an optimal venue for a case doesn't apply in matters concerning the enforcement of international arbitral awards.
Orrick Herrington & Sutcliffe LLP has hired a new global head of capital markets from Kirkland & Ellis LLP and is bringing on another capital markets partner from the firm later this month.
Cameron Byrd of Ahmad Zavitsanos & Mensing has clinched major victories for clients with his skills at oral argument in recent years, including defeating almost $290 million in claims against an energy client this year and winning a $42 million verdict in 2023, earning him a spot among the trial attorneys under age 40 honored by Law360 as Rising Stars.
Pavithra Rajesh of Glancy Prongay Wolke & Rotter LLP helped win a $120 million settlement for investors in a secondary offering by ViacomCBS Inc. and fought her way through several pleading motions in order to reach a settlement-in-principle in a securities fraud class action against United Natural Foods Inc., earning her a spot among the securities law practitioners under age 40 honored by Law360 as Rising Stars.
Baker McKenzie partner Cameron Reilly helped secure a key tax court ruling for FedEx Corp. to invalidate regulations on mandatory repatriation under the 2017 federal tax changes, and was a lead attorney in Facebook Inc.'s successful challenge to cost-sharing regulations for multinational corporations, earning him a spot among the tax practitioners under 40 honored by Law360 as Rising Stars.
Meng Lu of Wachtell Lipton Rosen & Katz has advised industry giants like Salesforce Inc. and eBay Inc. on novel and complex multibillion-dollar transactions during her career, earning her a spot among the practitioners of mergers and acquisition law under age 40 honored by Law360 as Rising Stars.
Nick Spear of Susman Godfrey LLP has helped secure millions for life insurance policyholders in cases involving improper cost-of-insurance charges, earning him a spot among the insurance law practitioners under age 40 honored by Law360 as Rising Stars.
John Weber of Paul Weiss Rifkind Wharton & Garrison LLP advised global communications software firm Mitel's $1.3 billion restructuring and Roomba maker iRobot's prepackaged Chapter 11 restructuring, which equitized approximately $265 million in debt, earning him a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.
Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.
Florida-based law firm Lowndes has welcomed an experienced commercial real estate attorney from BakerHostetler to its office in Orlando.
Polsinelli PC announced Thursday that it has added an expert in public company counseling, capital markets transactions and investment fund regulatory matters to its New York office.
Legal and compliance startup Norm Ai announced Thursday that its law firm offshoot hired a former partner at Sidley Austin LLP to lead a newly launched finance practice.
Goodwin Procter LLP told Law360 Pulse on Friday that it has developed a new proprietary artificial intelligence platform designed to build and scale specific AI tools across the firm, starting with venture financing.
A former general counsel to Florida International University with more than three decades of experience has joined Buchanan Ingersoll & Rooney PC's Miami office.
FBT Gibbons LLP has grown its financial services and litigation capabilities in California with the addition of a litigator who previously worked in-house at Wells Fargo and Charles Schwab.
Law firms deployed associate bonuses and expanded operations during another busy summer week for the legal industry. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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.
BigLaw firms about to tackle a website redesign need to understand the fundamental changes to costs, timelines, vendors and technology since their last big update so their leadership teams can steer resource management decisions away from costly potential mistakes, says Stephan Roussan at Vertical Minds.
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.
Firms willing to develop a new operating model, where AI-powered legal tech is paired with deep industry expertise and a different incentive structure, can win over companies looking to consolidate their legal needs with a single provider, says Lana Manganiello at Practice Growth Partner.
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.
When law firm leaders provide work product feedback by identifying errors instead of offering guiding input, they miss a key opportunity to treat feedback as a professional development and leadership tool, but several practices can help bridge the gap between intent and impact, says Janet Jackson at Well-Law.
Many law firms are using generic decks for multiple client presentations to articulate their artificial intelligence strategy, but in order to differentiate themselves, it's important to bring marketing teams into the fold to identify what's actually distinctive about how a firm uses AI, says Eric Greenberg at Cox Media.
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.