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Connecticut Pulse
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Law Firm Billing Rate Hikes Doubled In 2024
Billing rates for the top 100 law firms in the United States surged by 10% from 2023 to 2024, the largest rate hike in the past three years, according to a new research report on Tuesday.
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US Trustee Pans Guo Ch. 11 Trustee's Secret Deal For Firm
The U.S. Trustee's Office on Monday objected to a Chapter 11 trustee's attempt to file under seal a deal with a law firm in the sprawling $374 million bankruptcy of convicted Chinese exile Miles Guo, saying voluminous case law prevents shrouding such settlements with secrecy.
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Legal Employers Say AI Is Affecting Hiring
A majority of legal industry employers say that artificial intelligence is changing the skill sets they look for in hiring, according to a report released Monday by business consulting firm Robert Half, with the report also finding that employers prefer to train existing employees than hire externally.
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Photronics GC Departing After Internal Review
Photronics Inc. has reached a separation agreement with its general counsel of 14 years after placing her on paid leave in mid-June while the company conducted an internal review.
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In-House Teams Using More GenAI And Fewer Law Firms
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
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Navigating The Path To Equity: Tips For Nonequity Partners
The rapid growth of nonequity partners at major law firms has expanded career options for attorneys, but it also brings distinct challenges as many lawyers in these roles often face extended paths to equity partnership, unclear succession planning, and limited transparency around compensation.
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Ex-LA Deputy Mayor Gets 12 Years For Racketeering Role
A former Los Angeles deputy mayor was sentenced to 12 years in prison in California federal court on Friday, seven months after he was convicted of racketeering conspiracy and bribery stemming from his role linking corrupt public officials with wealthy developers in a yearslong criminal enterprise at city hall.
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Lateral Hiring Softens In Q3 As Partner Moves Slow
After a brief period of stability in the second quarter, lateral recruitment at law firms has softened once more in the third quarter of 2024, particularly in the hiring of partner candidates, according to recent data from legal data company Firm Prospects LLC.
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Panel Agrees Atty 'Acted Incompetently' In Filing Slipup
Connecticut's Statewide Grievance Committee had clear and convincing evidence that civil litigation attorney John W. Mills of Mills & Cahill LLC acted incompetently in failing to name his client's business as a plaintiff in a lawsuit against her accountant's estate or provide proof of her individual damages, a state appellate panel ruled Friday.
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Outgoing NCSC Prez Talks Transparency, Checks & Balances
Mary McQueen, who is retiring after more than 20 years as president of the National Center for State Courts, joined Law360 Pulse for a conversation about transparency and safety in the courts and her legacy at the organization.
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White House Alum To Co-Lead Regulation At Lewis Brisbois
Lewis Brisbois Bisgaard & Smith LLP has tapped an attorney with deep experience across multiple government positions, including serving in the White House Office of Management and Budget, to co-chair its administrative law and regulatory practice.
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Law360 Pulse Spotlight On Mid-Law Work
Potter Anderson's representation of IBM in a patent suit and Vedder Price's work on $1 billion pair of drilling contracts lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Sept. 20 to Oct. 4.
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Legal Industry Jobs Creep Back Up After 4-Month Decline
After four straight months of employment declines, the U.S. Bureau of Labor Statistics' latest report shows positive signs for the legal industry.
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Law360's Legal Lions Of The Week
Kramer Levin Naftalis & Frankel LLP and Potter Anderson & Corroon LLP led this week's edition of Law360 Legal Lions after a Delaware federal jury decided on Sept. 27 that Amazon Web Services infringed two computer network patents that were once owned by Boeing, telling the tech giant to pay $30.5 million in damages.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry kicked off the first week of October with several partner promotions, lateral moves, law firm closures and mergers. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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12 Lawyers Who Are The Future Of The Supreme Court Bar
One attorney hasn't lost a single U.S. Supreme Court case she's argued, or even a single justice's vote. One attorney is perhaps "the preeminent SCOTUS advocate." And one may soon become U.S. solicitor general, despite acknowledging there are "judges out there who don't like me." All three are among a dozen lawyers in the vanguard of the Supreme Court bar's next generation, poised to follow in the footsteps of the bar's current icons.
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Conn. Justices OK Bar Input On Banking Probe Into Lawyers
The Connecticut Supreme Court will allow the National Creditors Bar Association and the Connecticut Creditors Bar Association to weigh in on a case that questions whether the state banking commissioner violated the constitution's separation of powers doctrine by launching a probe into a law firm and its associated debt negotiation group.
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Conn. Atty May Face Discipline, Again, Over Probate Case
A Connecticut attorney with an extensive disciplinary history is again in hot water with ethics regulators by failing to file a case in probate court following the death of a woman whose relatives he represented.
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Day Pitney Names Leaders In Corporate Department
Day Pitney LLP has named three attorneys in New Jersey and Connecticut to its corporate department leadership team, including the real estate, environmental and land use practice, as well as the energy and utilities group.
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The 2024 Compensation Report: In-House
Law360 Pulse asked in-house counsel about their base pay, bonuses and other financial incentives, why they chose to work in-house and more. Find out how much they earn and whether working in-house lives up to the dream of a big paycheck and decent work-life balance.
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A Deep Dive Into In-House Counsel Pay
The total compensation packages for in-house counsel at different levels of the corporate ladder can vary widely, with especially large variations seen in bonus amounts and long-term incentives, according to a new Law360 Pulse report.
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To Go, Or Not To Go, To A Firm Directly From Law School
Most legal professionals historically have emphasized the need for young attorneys to gain firm experience immediately after law school. However, that thought is shifting, as more junior lawyers graduate and go directly to a corporate legal team — movement that could eventually take hold as the in-house legal department continues to rise in prominence within businesses.
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Here's How To Negotiate The Best Pay Packages For GCs
Not all general counsel can pull in a pay package that places them near the top 10 highest-paid in-house lawyers. But every top legal officer can use some pro tips on how to negotiate the best deal possible. Law360 Pulse asked several executive compensation experts to share their advice.
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Which GCs Sold Stock In Sept.? Coinbase, Alphabet And More
While the world of cryptocurrency has been a mixed bag for many investors, it has been very good to Paul Grewal, the chief legal officer of crypto exchange Coinbase Global Inc.
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Over 360 Firms Gain Mansfield Certification In Record Cohort
Diversity Lab on Wednesday announced the names of the record number of law firms that earned Mansfield Certification for the 2023 to 2024 period.