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Delaware Pulse
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AI-Focused Exec Roles Are Having A Moment At Law Firms
Several law firms this year, including Akin Gump Strauss Hauer & Feld LLP and McDermott Will & Emery LLP, have filled artificial intelligence-focused chief and director roles to keep up with technological advances and client demands, according to legal recruiters.
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Del. Justices Revive Margolis Edelstein Malpractice Suit
The full Delaware Supreme Court on Tuesday revived GMG Insurance Agency's malpractice suit claiming Margolis Edelstein's incompetence caused the insurer to have to settle a case for $1.2 million, saying there are still disputed facts about whether the law firm's representation fell below the requisite standards.
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Chancery OKs $9.75M In Atty Fees For SPAC Stock Drop Suits
Settlements and attorney fee rulings closed the book Tuesday on two GigCapital-related blank check deals that settled before trial in Delaware's Court of Chancery, with a vice chancellor approving combined public stockholder payouts and fee awards of $7.25 million and $2.5 million.
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Judge Security Data Reflects Policy Shifts As Much As Threats
Former employees of the U.S. Marshals Service say that while judicial security has never been more urgent, finding trends is nearly impossible: The way threats against federal judges are tracked has varied so much from year to year, the data is essentially meaningless.
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Polsinelli Taps Chief Of Staff As First Practice Strategy Leader
Polsinelli PC announced Monday that it promoted its chief of staff to serve as both its staff lead and as its first chief practice strategy officer, tasking her with managing how its practices work together to benefit clients and promoting innovation through strategies such as the use of artificial intelligence.
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More Law Firms Want To Merge, But Deals Aren't Skyrocketing
Law firm management consultants say they continue to see historic interest among law firms to engage in merger talks, driven further by a spate of big deals announced during the third quarter of the year, but the number of actual combinations inked has remained fairly steady, Law360 Pulse data shows.
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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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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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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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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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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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Del. Vice Chancellor Slams Fee Terms In Advancement Case
A Delaware vice chancellor balked Thursday at "success fee" terms in a fee advancement case that she suggested made the clients a "human shield" in litigation over attorney expenses in connection with a New Jersey legal malpractice case.
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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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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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Office Snapshot: Block & Leviton's New Delaware Digs
Block & Leviton LLP, which launched its office in Delaware in 2020, recently moved to a bigger and more modern space in downtown Wilmington, the office's managing partner told Law360 Pulse this week.
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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.
Expert Analysis
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Lawyers Can Get Ready For Space Law To Take Flight
While international agreements for space law have remained relatively unchanged since their creation decades ago, the rapid pace of change in U.S. laws and policies is creating opportunities for both new and veteran lawyers looking to break into this exciting realm, in either the private sector or government, says Michael Dodge at the University of North Dakota.
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Series
Ask A Mentor: What Makes A Successful Summer Associate?
Navigating a few densely packed weeks at a law firm can be daunting for summer associates, but those who are prepared to seize opportunities and not afraid to ask questions will be set up for success, says Julie Crisp at Latham.
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How To Successfully Market Your Summer Associate Program
Law firms can attract the right summer associate candidates and help students see what makes a program unique by using carefully crafted messaging and choosing the best ambassadors to deliver it, says Tamara McClatchey, director of career services at the University of Chicago Law School.
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Opinion
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Following the tragic attack on U.S. District Judge Esther Salas' family last summer and amid rising threats against the judiciary, legislation protecting federal judges' personal information and enhancing security measures at courthouses is urgently needed, says U.S. District Judge Roslynn Mauskopf, director of the Administrative Office of the U.S. Courts.
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Series
Ask A Mentor: How Can Recalcitrant Attys Use Social Media?
Social media can be intimidating for reluctant lawyers but it can also be richly rewarding, as long as attorneys remember that professional accounts will always reflect on their firms and colleagues, and follow some best practices to avoid embarrassment, says Sean Marotta at Hogan Lovells.
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Keys To Digitizing Inefficient Contract Management Processes
Neville Eisenberg and Mark Grayson at BCLP explain how they sped up contract execution for one client by replacing email with a centralized, digital tool for negotiations and review, and how the principles they adhered to can be helpful for other law firms looking to improve poorly managed contract management processes.
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Series
Ask A Mentor: How Can Firms Coach Associates Remotely?.jpg)
Practicing law through virtual platforms will likely persist even after the pandemic, so law firms and senior lawyers should consider refurbishing their associate mentoring programs to facilitate personal connections, professionalism and effective training in a remote environment, says Carol Goodman at Herrick Feinstein.
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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.