Following an American Bar Association pledge, in-house attorneys are taking a harder line in demanding diversity from their outside counsel, and they're seeking to play a larger role in the workings of the law firms they hire.
We asked BigLaw for data on female minority lawyers for the first time this year, and the results show an industry that is failing to attract and retain them. Here’s a look at the challenges facing these attorneys — and how a few firms are defying the norm.
The legal industry is making sluggish gains when it comes to attracting and retaining attorneys of color, but this select group of firms is taking broader strides to diversify at the top.
The Cachil DeHe Band of Wintun Indians of the Colusa Indian Community urged the Ninth Circuit on Friday to rethink its ruling backing the U.S. Department of the Interior’s decision to acquire land for another California tribe’s casino project, saying the DOI gave preferential treatment to the other tribe in its review process.
A pair of environmental groups said Monday that they are gearing up to sue the Trump International Hotel and Tower in Chicago over allegations that it has been flouting the Clean Water Act for the last four years.
A Pebb Enterprises venture has reportedly picked up a Florida office campus for $42 million from RAIT Financial Trust, Natixis, Paramount and Harbor have reportedly loaned $342 million for a Manhattan property and developer 13th Floor Homes is said to have picked up a former golf course in Florida for $5.4 million.
The Singapore High Court on Monday enforced a more than $200 million arbitral award to a Macanese investment firm following a dispute over a slot club with several Laotian entities, concluding that, despite some procedural irregularities, there was no evidence the parties had been adversely affected during the underlying arbitration.
Former State University of New York President Alain Kaloyeros denied scheming with developers in a fraudulent end-run around the contracting process in Gov. Andrew Cuomo's "Buffalo Billion" revitalization effort, telling a Manhattan federal jury Monday his goal was to move nimbly on three projects worth $600 million.
Despite decades of industrywide initiatives, movement up the ladder has stagnated for minority lawyers. Here, five industry success stories tell Law360 about the paths they took and what needs to change in BigLaw.
Maryland-based real estate investment trust LaSalle Hotel Properties said Monday its board of trustees has determined that Pebblebrook Hotel Trust's $4.17 billion offer to acquire the company does not amount to a "superior proposal" under the terms of its $4.8 billion merger agreement with private equity firm Blackstone Group LP that includes debt.
Video game retailer GameStop could be sold to a private equity firm, Kraft Heinz is mulling a sale of a powdered milk energy drink brand in India called Complan and Forest City Realty is once again in talks to be taken over by Brookfield Asset Management.
The U.S. Supreme Court agreed on Monday to review a Ninth Circuit ruling holding that the National Park Service has the right to enforce its hovercraft ban on an Alaska river, setting the high court up to consider the dispute for the second time.
Commercial-focused net lease real estate investment trust W. P. Carey, led by DLA Piper, unveiled plans Monday to simplify its structure and bolster its portfolio by buying Corporate Property Associates, a REIT it advises, in an all-stock deal worth roughly $6 billion.
Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.
The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.
While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.
Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.
For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.
Two real-estate insurance companies escaped accusations of fraud from two former customers when the Third Circuit ruled Thursday that the alleged activity did not occur long enough to establish a pattern of racketeering.
Ten firms are slated to guide 10 initial public offerings projected to raise about $1.3 billion during the week of June 18, representing a lineup dominated by biotechnology issuers plus a real estate investment trust as IPO season hits a busy stretch before the July 4 holiday.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
In the marijuana industry, there is ambiguity surrounding failing businesses because the product remains illegal under federal law. Brett Theisen of Gibbons PC identifies the credit risks associated with lending to, or working with, a marijuana business and highlights key state law solutions for both debtors and creditors.
The more procedural tools a mediator can offer, the higher the likelihood that a mediation will be successful. Mediators should be prepared to employ pre-mediation initial caucuses in appropriate cases, says JAMS mediator and arbitrator Thomas Elkind.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.
The opportunity zone program is an exciting new tax incentive offering substantial benefits for its participants. However, many questions about the program remain outstanding, most of which need to be resolved in order for opportunity funds to succeed as expected, says Marc Schultz of Snell & Wilmer LLP.
Following the swarm of recent requests for information issued by the “new” Consumer Financial Protection Bureau, I want to highlight one area where I think the agency went too far — namely, its extensive default servicing regulations under the Real Estate Settlement Procedures Act, says Laurence Platt of Mayer Brown LLP.
I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.
With much land in today's cities currently designated right of way, broad use of autonomous vehicles may provide opportunities to repurpose some of this property. But first, decision-makers will need to understand the nature of the ownership interests in the property, says Michelle Rudd of Stoel Rives LLP.