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Delaware Pulse
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Law Firm Revenue Rose At 'Historic' Rate In 2024's First Half
U.S. law firm revenue was up 11.4% during the first half of 2024 compared to this time last year, marking one of the industry's best first halves in memory, second only to 2021, according to survey results released Monday by Wells Fargo Private Bank.
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ABA Guides Lawyers On Avoiding Criminal Transactions
Just over a year after the American Bar Association formalized long-standing due diligence rules for attorneys' interactions with clients, an ABA committee on Friday released its first ethics opinion providing guidance on interpreting the rules amendment.
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Law360 Pulse Spotlight On Mid-Law Work
Richards Layton's handling of a suit over Tesla's Texas relocation and Wiley's representation of an American solar panel makers' interest group lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Aug. 9 to 23.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another action-packed week as BigLaw firms expanded practices, shook up partnership models, and outlined new policies on office attendance. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Law360's Legal Lions Of The Week
Gibson Dunn & Crutcher LLP, Fillmore Law Firm LLP, Bradley Arant Boult Cummings LLP, Sullivan & Cromwell LLP, the U.S. Chamber Litigation Center and the Business Roundtable lead this week's edition of Law360 Legal Lions, after a Texas federal judge blocked a Federal Trade Commission ban on noncompete agreements in employment contracts.
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Women Attys Mobilizing For Harris Say They Can't Sit This Out
As Vice President Kamala Harris seeks to become the first female president, women in BigLaw and the broader legal community are rallying behind her, motivated by issues such as reproductive rights.
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Meet The 'Larger Than Life' Atty Defending Hunter Biden
The renowned attorney representing Hunter Biden at his upcoming criminal tax trial is a "larger than life" figure whose ability to connect with a jury, legal acumen and media savvy have made him a go-to lawyer for celebrities and high-profile cases, according to those who know him.
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Cole Schotz Looks To Ditch Hotel Debtor For Nonpayment
Cole Schotz PC asked a Delaware bankruptcy judge to give the firm clearance to drop the former operator of a California luxury hotel as a client over an alleged failure to pay its invoices.
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Spellbook CEO Aims For AI To Cut Junior Associate Drudgery
A legal technology company known for its artificial intelligence contract drafting and review software is releasing a new AI copilot on Thursday to help legal teams become more efficient.
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Commercial Contracts Cases Spike After COVID-Era Decline
Commercial contracts litigation increased in 2023 after hitting its lowest point in a decade in 2022 as a result of the COVID-19 pandemic, according to a new report out Thursday.
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3rd Circ. Rejects Ex-Engineering Co. GC's Benefits Suit
The Third Circuit refused Wednesday to revive a former general counsel for an engineering company's suit claiming he was stiffed on over $100,000 in retirement benefits, rejecting his argument that a $1 million payout he got from the company should have been factored into his benefits package.
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Are Big Mergers Worth It For BigLaw Firms Looking To Grow?
If a law firm adds 100 or more lawyers via a combination, you might expect that firm to see significantly higher headcount than before the merger five years after, but an analysis of data tracked by Law360 Pulse shows that, for many firms, the correlation between a big merger and big growth is not so clear.
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The 2024 Women In Law Report
For a decade, Law360 has been tracking gender equity at law firms as they continue working to close the gender gap. Our latest report shows where firms are succeeding and where they’re falling short on reaching gender parity.
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A Deep Dive Into Law360 Pulse's 2024 Women In Law Report
The legal industry continues to see incremental gains for female lawyers in private practice in the U.S., according to a Law360 Pulse analysis, with women now representing 40.6% of all attorneys and 51% of all associates.
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Representation In The Ranks: How Firms Are Faring
The Law360 Pulse Women in Law Report provides a data-driven view of U.S. law firms at the end of 2023. Here, we look at the representation of women at all levels of a typical law firm, from associates to equity partners.
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These Firms Have The Most Women In Equity Partnerships
The legal industry still has a long way to go before it can achieve gender parity at its upper levels. But these law firms are performing better than others in breaking the proverbial glass ceiling that prevents women from attaining leadership roles.
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The 2024 Women in Law Report: How Firms Stack Up
Female attorneys have reached a new high in their share of law firm equity partnerships, but firms' progress simply hasn't been significant enough to shatter the longstanding glass ceiling in the industry.
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All Signs Point Up For Law Firm Financials In First Half
After a couple of years of sluggish growth in work flowing into law firms, U.S. firms saw meaningful increases in demand, revenue and lawyer productivity during the first six months of 2024, according to the results of a midyear survey by Citi Global Wealth at Work.
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Steeped In Politics, Uber CLO In His Element Aiding Harris
It was no surprise when Uber Chief Legal Officer Tony West decided on the eve of the Democratic National Convention to take a leave of absence from his $10 million-a-year job to volunteer on the presidential campaign of his sister-in-law, Kamala Harris.
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It Takes Two, Baby: When Solo Attys Decide To Partner Up
They say that one is the loneliest number, but for solo practitioners, adding a partner or another lawyer to their practice can be daunting. Former solos told Law360 Pulse why doubling up was worth it in the end.
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Ballard Spahr Adds Biz Development Exec From Norton Rose
Ballard Spahr LLP expanded its leadership team this week with the addition of a business development expert who joined the firm after more than nine years with Norton Rose Fulbright, the firm said Monday.
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Careful Planning Can Help Small Firms Avoid Growing Pains
Some small firm founders hang their shingle with the intention of growing into a behemoth, and others wake up one day after a decade of steady growth to realize they've gone from a 10-attorney firm to one with 50. Either way, growth can be daunting.
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As Your Firm Grows, Do You Need A Paralegal Or Assistant?
Attorneys at large law firms often enjoy plenty of nonlawyer help: paralegals, marketing professionals, an accounting department and more. By contrast, small firm lawyers and solo practitioners often have to carefully consider if hiring a support staffer is worth it. Here's the story of how some small firm lawyers have made this decision.
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Law360's Legal Lions Of The Week
Shaw Keller LLP and Covington & Burling LLP lead this week's edition of Law360 Legal Lions, after a federal judge overturned a Delaware jury verdict that AstraZeneca owes $107.5 million for infringing two cancer drug patents owned by a Pfizer unit.
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BigLaw's Pause To Consider Bonuses Is Becoming New Norm
It's been more than a week since Milbank LLP first announced it was offering special bonuses this summer to its associates and counsel. And traditionally, BigLaw has been swift to follow a market leader like Milbank on pay.
Expert Analysis
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How Law Firms Can Welcome And Celebrate Autistic Lawyers
As the U.S. observes Autism Acceptance Month, autistic attorney Haley Moss describes the societal barriers and stereotypes that keep neurodivergent lawyers from disclosing their disabilities, and how law firms can better accommodate and level the playing field for attorneys whose minds work outside of the prescribed norm.
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Law Firm Tips For Evaluating AI And Machine Learning Tools
Many legal technology vendors now sell artificial intelligence and machine learning tools at a premium price tag, but law firms must take the time to properly evaluate them as not all offerings generate process efficiencies or even use the technologies advertised, says Steven Magnuson at Ballard Spahr.
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A Call For Personal Accountability On Diversity And Inclusion
While chief legal officers are increasingly involved in creating corporate diversity, inclusion and anti-bigotry policies, all lawyers have a responsibility to be discrimination busters and bias interrupters regardless of the title they hold, says Veta T. Richardson at the Association of Corporate Counsel.
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Learning How To Code Can Unleash New Potential In Lawyers
Every lawyer can begin incorporating aspects of software development in their day-to-day practice with little to no changes in their existing tools or workflow, and legal organizations that take steps to encourage this exploration of programming can transform into tech incubators, says George Zalepa at Greenberg Traurig.
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Supporting Associates Amid Pandemic's Mental Health Toll
As junior associates increasingly report burnout, work-life conflict and loneliness during the pandemic, law firms should take tangible actions to reduce the stigma around seeking help, and to model desired well-being behaviors from the top down, say Stacey Whiteley at the New York State Bar Association and Robin Belleau at Kirkland.
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The Importance Of Client Engagement In Law Firm Innovation
As clients increasingly want law firms to serve as innovation platforms, firms must understand that there is no one-size-fits-all approach — the key is a nimble innovation function focused on listening and knowledge sharing, says Mark Brennan at Hogan Lovells.
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The Unique Challenges Facing Women-Owned Law Firms
In addition to establishing their brand from scratch, women who start their own law firms must overcome inherent bias against female lawyers and convince prospective clients to put aside big-firm preferences, says Joel Stern at the National Association of Minority and Women Owned Law Firms.
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The Pursuit Of Wellness In BigLaw: Lessons From My Journey
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Jane Jeong at Cooley shares how grueling BigLaw schedules and her own perfectionism emotionally bankrupted her, and why attorneys struggling with burnout should consider making small changes to everyday habits.
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Why We Must Recruit And Advance More Black Prosecutors
Black Americans make up a disproportionate percentage of the incarcerated population but are underrepresented among elected prosecutors, so the legal community — from law schools to prosecutor offices — must commit to addressing these disappointing demographics, says Erika Gilliam-Booker at the National Black Prosecutors Association.
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Series
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Young lawyers overwhelmed with a crushing workload must tackle the problem on two fronts — learning how to say no, and understanding how to break down projects into manageable parts, says Jay Harrington at Harrington Communications.
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A Scientific Path For Improving Diversity At Law Firms
Law firms could combine industrial organizational psychology and machine learning to study prospective hires' analytical thinking, stress response and similar attributes — which could lead to recruiting from a more diverse candidate pool, say Ali Shahidi and Bess Sully at Sheppard Mullin.
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Series
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In the first installment of Law360 Pulse's career advice guest column, Meela Gill at Weil offers insights on how associates can ask for meaningful work opportunities at their firms without sounding like they are begging.
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Legal Sector Regulatory Reform Is Key To Closing Justice Gap
In order to improve access to justice for those who cannot afford a lawyer, states should consider regulatory innovations, such as allowing new forms of law firm ownership and permitting nonlawyers to provide certain legal services, says Patricia Lee Refo, president of the American Bar Association.
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Opinion
High Court's Carney V. Adams Analysis On Standing Is Flawed
The U.S. Supreme Court’s recent ruling in Carney v. Adams that a Delaware lawyer lacked standing to challenge the state's rules on judiciary bipartisanship was based on an incorrect reading of the constitutional requisites for Article III standing, says Leland Ware at the University of Delaware.
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Opinion
Carney V. Adams Threatens Delaware's Balanced Judiciary
This week’s U.S. Supreme Court arguments in Carney v. Adams presented a strong challenge to Delaware’s bipartisan-judiciary requirement, but the tradition is critical to ensuring the state's courts remain free from partisan influence, says Rodney Smolla at the Widener University Delaware Law School.