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The month of May brought memorable stock deals for some legal chiefs, with Spencer Collins of Arm Holdings leading the way with $19.8 million in sales. Keith Larson at Venture Global earned over $15 million in stock sales last month, while the soon-to-depart Kathryn Ruemmler at Goldman Sachs reaped just over $14 million, and Booking Holdings' Peter Millones collected over $10 million.
The legal sector saw 1,200 more jobs in May after gaining 1,900 positions the month before, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.
Winston Taylor leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ended a patent suit over Hikma Pharmaceuticals USA Inc.'s generic version of a heart drug that uses a so-called skinny label.
Katten Muchin Rosenman LLP has joined the growing list of firms that are largely matching a new pay scale for associates set earlier this week by Milbank LLP, with attorneys set to see annual pay increases of $10,000 to $20,000.
The legal industry kicked off June with another action-packed week as firms doled out associate raises and expanded practices across the country. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Norris McLaughlin PA added a pair of attorneys in New Jersey this week specializing in public utility and energy law with over 30 years of experience practicing in-house and in private practice.
Quinn Emanuel Urquhart & Sullivan LLP and a Texas-based litigation boutique are the latest firms to match Milbank LLP's pay hikes for associates, with annual increases of $10,000 to $20,000 that top off at $455,000.
Atlantic City Mayor Marty Small has sued Atlantic County Prosecutor William E. Reynolds for malicious prosecution and violation of his civil rights, alleging Reynolds' prosecution of Small on child abuse charges was a politically motivated attempt to remove him from office.
A Law360 Pulse examination found that women hold the vast majority of top human resources jobs in BigLaw, giving them a pivotal role in how the U.S. legal industry manages attorneys and other firm employees.
A married couple who operate a New Jersey cannabis dispensary cannot escape claims that they misused roughly half of a $1.6 million business loan, a California federal court ruled on Wednesday while also rejecting the entrepreneurs' attempt to disqualify the lender's law firm.
The race to match Milbank LLP's attorney pay hikes is officially on, with trial firm Hueston Hennigan the latest to announce it will increase associate pay by $10,000 to $20,000 annually.
Netflix Inc. fought off an amended complaint in New Jersey federal court Tuesday from an attorney claiming that it infringed on his copyright for a documentary about sexual abuse in the Boy Scouts of America, when the judge ruled the suit relied on uncopyrightable facts.
Schenck Price Smith & King LLP has unveiled a new community association practice group to be manned by a father-son pair joining as a partner and counsel in New Jersey from Becker & Poliakoff PC.
A New Jersey appellate panel on Tuesday questioned if Lowenstein Sandler LLP ever filed the amended complaint that would trigger the allegedly missed deadline that Trif & Modugno LLC says is fatal to Lowenstein Sandler's bid for $750,000 in unpaid fees from a failed cannabis venture.
The federal judiciary's decision to strike a chapter on climate change from its guide to scientific evidence is misguided, partisan and "will impede the judiciary's ability to pursue truth," according to a Tuesday letter from nearly two dozen Democratic state attorneys general.
A New Jersey-based bankruptcy partner at Fox Rothschild LLP has been censured by the Supreme Court of New Jersey after she was found to have wrongfully disbursed over $2.7 million in fees to her former firms without approval.
BigLaw firms may soon partner with private equity to gain an edge in the talent wars, potentially reshaping the U.S. legal industry despite fears that the shift could corrode firms' cultures.
Scarinci Hollenbeck LLC has landed the former managing partner of Weiner Law Group and an accompanying team of six attorneys, building up the firm's labor and employment, litigation, land use and environmental capabilities.
Milbank LLP is increasing associate pay by $10,000 to $20,000 annually, with new salary floors of $235,000 and pay reaching as high as $455,000 for more experienced attorneys, according to the firm.
Fox Rothschild LLP grew its corporate practice in New Jersey this week with a pair joining the firm from Connell Foley LLP and bringing decades of experience in mergers and acquisitions, private equity transactions and more.
New Jersey state court lacks jurisdiction to unilaterally enforce a subpoena a U.S.-based law firm filed against a Canadian insurance company, the insurer has argued, seeking to avoid what it called an overly broad demand for information amid a policyholder's negligence suit against a trio of American law firms.
Insurance defense firm Tyson & Mendes LLP completed a large expansion of its footprint in the Northeast region of the country with the addition of nearly two dozen attorneys who moved their practices from Rebar Kelly LLC.
Trial firm Hueston Hennigan is the second boutique to announce it will dole out midyear bonuses to associates.
New Jersey's top federal prosecutor said Monday that he has named the office's national security chief as his second-in-command.
Court systems around the country are emerging bullish on the use of generative artificial intelligence by judicial officers, but implementation, training, resources and overall regulations remain scattershot, giving rise to concerns that a learning gap could lead to missteps.
A recent data leak at Proskauer via a cloud data storage platform demonstrates key reasons why law firms must pay attention to data safeguarding, including the increasing frequency of cloud-based data breaches and the consequences of breaking client confidentiality, says Robert Kraczek at One Identity.
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.
Dealing with the pressures associated with law school can prove difficult for many future lawyers, but there are steps students can take to manage stress — and schools can help too, say Ryan Zajic and Dr. Janani Krishnaswami at UWorld.
Amid ongoing disagreements on whether states should mandate implicit bias training as part of attorneys' continuing legal education requirements, Stephanie Wilson at Reed Smith looks at how unconscious attitudes or stereotypes adversely affect legal practice, and whether mandatory training programs can help.
To become more effective advocates, lawyers need to rethink the ridiculous, convoluted language they use in correspondence and write letters in a clear, concise and direct manner, says legal writing instructor Stuart Teicher.
Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?
Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.
At some level, every practicing lawyer is experiencing the ever-increasing speed of change — and while some practice management processes have gotten more efficient, other things about the legal profession were better before supposed improvements were made, says Jay Silberblatt, president of the Pennsylvania Bar Association.
Law firms will be able to reap great long-term benefits if they adopt strategies to nurture four critical components of their employees' psychological wellness and performance — hope, efficacy, resilience and optimism, says Dennis Stolle at the American Psychological Association.
With caseloads and spending increasing, in-house counsel might find themselves called to opine on the risks and benefits of litigation more often, and they should look at five Sun Tzu maxims from the ancient Chinese classic "The Art of War" to inform their approach to any suit, says Jeff Golimowski at Womble Bond.
Not only can effective mentorship have a profound impact on women and people of color entering the legal field, but it also benefits mentors and the legal profession as a whole, creating a true win-win situation for all involved, says Natasha Cortes at Grossman Roth.
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
Recommendations recently issued by a special committee of the Florida Bar represent a realistic, pragmatic approach to increasing the accessibility and affordability of legal services, at a time when the disconnect between the legal profession and the public at large has widened considerably, says Gary Lesser, president of the Florida Bar.