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Delaware Pulse
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What Lawyers Really Think Of AI
Most lawyers aren't worried about being replaced by robots, but they are broadly concerned about the accuracy and ethical implications of generative artificial intelligence, a new survey shows.
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Law Firm Billing Rates Rose At 'Record Setting Pace'
Average law firm partner billing rates rose 5.4% in 2023, higher than any other year in the last decade, with the largest law firms hiking prices the most, according to a report released Tuesday by LexisNexis' CounselLink.
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Unemployment Rate For Recent Law Grads Improves, ABA Finds
Fewer recent law school graduates were unemployed in March than in the previous year, as the negative effects of the COVID-19 pandemic further recede into memory, according to data released Monday by the American Bar Association.
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11 State AGs Urge Senate To Confirm Mangi For 3rd Circ.
A group of 11 attorneys general is calling on the Senate to confirm Adeel Mangi, nominee for the Third Circuit, who would be the first federal Muslim appellate judge if confirmed, condemning allegations that he is antisemitic or anti-law enforcement.
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Del. Justices Revive Margolis Edelstein Malpractice Suit
Delaware's Supreme Court has reversed a lower-court decision that let Margolis Edelstein off the hook on claims that its incompetence caused GMG Insurance Agency to have to settle a case for $1.2 million, saying more consideration is needed to determine whether the firm was negligent.
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Potter Anderson Raises Associate Starting Salary To $210K
In a bid to remain a competitive destination for young attorneys, Wilmington, Delaware-based firm Potter Anderson & Corroon LLP has increased the starting salary for associate attorneys to $210,000 from $190,000, effective immediately.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another busy week with more lateral hires, partner promotions, new practice group launches, in-house moves and the passing of a trailblazing former Connecticut Supreme Court chief justice. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Law360's Legal Lions Of The Week
Winston & Strawn LLP and attorney Richard Reinthaler lead this week's U.S. Supreme Court-dominated edition of Law360 Legal Lions, after the high court ruled that a corporation's failure to disclose certain information about its future business risks cannot, under certain circumstances, be the basis of a private securities fraud claim.
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State High Court Shadow Dockets Raise Secrecy Concerns
Like their counterparts on the U.S. Supreme Court, the justices on some state high courts are working in the shadows when issuing certain decisions, raising fears that their time-saving measures are not worth the cost in transparency.
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Troutman Pepper, Locke Lord Eye Merger To Buff Focus Areas
Troutman Pepper Hamilton Sanders LLP and Locke Lord LLP are in merger talks to create a combined firm with more than 1,600 attorneys and nearly $1.6 billion in revenue, in what appears to be an effort to lock in both firms' leadership in six industry sectors.
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3rd Circ. Hesitates To Hear Hunter Biden Appeal In Gun Case
The Third Circuit suggested it may be premature to hear Hunter Biden's appeal of a Delaware federal court's denial of his three motions to dismiss felony firearm charges.
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Why Are More BigLaw Firms Falling Prey To Cybercriminals?
BigLaw saw a significant uptick in reporting data breaches, while law firms of all sizes continue to be prime targets for cybercriminals, according to data compiled by Law360 Pulse via extensive public record requests.
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Eckert Seamans Appoints Members To Exec Leadership Team
Eckert Seamans Cherin & Mellott LLC has reappointed two members and added a Pittsburgh attorney to its executive committee to help steer the national firm's strategy and business planning.
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Del. Firm Connolly Gallagher Adds Real Estate, Litigation Pro
Connolly Gallagher LLP has hired an attorney who previously worked at Tarabicos Grosso LLP for nine years to bolster its administrative and government law, land use and real estate, and general litigation services.
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This Atty Spent Decades In BigLaw. Now He's A GC.
Not even six months into leading the legal department at LegalBillReview.com, Brian Arbetter now understands misconceptions that law firm lawyers have about in-house counsel, and vice versa.
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Law Firm Lateral Movement Expected To Fall Again In 2024
After a 31% decline in 2023, lateral law firm movement is expected to dip further in 2024, both at the partner and associate levels, to return closer to prepandemic norms following a period of atypically high movement, according to a new report by Decipher Investigative Intelligence.
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Acclaimed Legal Scholar Earns ABA Ethics Award
The American Bar Association on Wednesday announced that this year's recipient of its Michael Franck Professional Responsibility Award will be Susan Fortney, a Texas A&M University School of Law professor and ethics expert whose research has earned her international recognition.
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Tesla To Vote On Reviving Musk's $55B Pay, Moving To Texas
Attorneys for Tesla Inc. notified Delaware's chancellor Wednesday that the company will seek stockholder approval June 13 for the same $55.8 billion Elon Musk compensation plan voided by Chancery Court on Jan. 30, along with reincorporation of Tesla as a Texas company.
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Flaster Greenberg Taps 3 Pa. Attys To Launch Art Law Group
Flaster Greenberg PC is launching an art industry group that will bring together its litigation, transportation and insurance law talent, saying Monday that the new team will protect collectors from loss or damage to artwork on display, in transportation or in storage.
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Litigation Finance Becoming Commonplace In BigLaw
When Michael Lackey first pitched others at Mayer Brown about using litigation funding for a matter, he got a less-than-positive response, he recalled.
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Young Conaway Unveils Salary Bump For Associates
Delaware law firm Young Conaway Stargatt & Taylor LLP announced Tuesday that it had increased its starting salaries for associates to $210,000, effective immediately, citing a commitment to recruit and retain top talent.
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Carey Remembered As Practical Judge With Great Demeanor
Former Delaware bankruptcy Judge Kevin J. Carey, who died Thursday at the age of 69, is remembered by colleagues as a respectful, practical judge who lawyers looked forward to appearing in front of in court.
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Arbitrator Ken Feinberg Doesn't Shy From Litigation Funders
Well-known arbitrator Kenneth Feinberg, speaking at a conference on Monday, said that he doesn't automatically wrinkle his nose when he hears that a litigation funder is part of a complex legal matter that he is attempting to find a resolution to.
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Insiders See Litigation Funding's Appeal Overcoming Its Risks
With higher interest rates and fights over disclosure rules on the horizon, the litigation finance industry is in a tenuous place, but it's not slowing down, a series of experts said at the International Legal Finance Association 2024 Conference on Monday.
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Microsoft, Walmart CLOs Recognized For Integrity, Creativity
The legal chiefs at Microsoft and Walmart are among about a dozen leading corporate lawyers who soon will be recognized at the Burton Awards as "Legends in Law" for their track records of addressing complex matters and creativity in solving challenges.