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Delaware Pulse
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Magic Circle, Boutiques Join 2024 Bonuses Wave
Bonus announcements continued late Thursday and into Friday, with law firms across the spectrum — from the U.K. Magic Circle to midsize and boutique firms — following Milbank LLP's lead on 2024 associate bonuses, according to memos shared with Law360 Pulse and media reports.
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Law360's Legal Lions Of The Week
Sidley Austin LLP led this week's Legal Lions for representing Arthur J. Gallagher & Co. in a $13.5 billion cash purchase of AssuredPartners in what its private equity seller, GTCR, called the largest sale of a U.S. insurance broker to a strategic acquirer in the industry's history.
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Voir Dire: Law360 Pulse's Weekly Quiz
This was another action-packed week for the legal industry as BigLaw firms recruited new talent and announced raises for associates. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Sullivan Matches, Selendy Exceeds Milbank Bonus Scale
Sullivan & Cromwell LLP is the latest firm to match Milbank LLP's year-end and special bonus scale, according to a report Thursday, while New York boutique Selendy Gay PLLC said it is exceeding the prevailing scale for its associates.
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AI Terms, 'Coffee Badging' Among Top New Words In Law
Burton's Legal Thesaurus recently announced this year's top new words in law, with entries like "coffee badging" and "hot-tubbing" joining the echelons of 2022's "meme stock" and 2023's "hallucination" as the thesaurus brings to light some of the most novel terms and talking points for lawyers in 2024.
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Ex-Clark Hill Atty Opens Del. Firm With Mediation Focus
The former leader of Clark Hill PLC's Wilmington, Delaware, office told Law360 Pulse this week that she launched her own firm, in part, because she saw a niche area she wanted to fill for clients in need of mediation services at a more affordable price point.
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Goldberg Segalla Expands Into Delaware With 23rd Office
National firm Goldberg Segalla LLP has launched an office in Delaware, with firm leaders saying the move is aimed at providing enhanced services to its corporate, commercial and other clients.
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JUDGES Act Passes House But Biden Veto Looms
The House voted 236-173 on Thursday to pass a bill to add more judgeships, which tees it up for a likely veto by the president, as many Democrats have soured on the measure after Donald Trump's victory at the polls.
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Winston & Strawn Matches Bonuses, Top Billers Get Extra
Winston & Strawn LLP is the latest firm to match the 2024 associate bonus first put forward by Milbank LLP, with adjustments for associates who fall short of the minimum hours threshold while offering extra bonuses for those who "substantially" exceed their productivity goals.
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Growing Workloads Have More In-House Teams Turning To AI
Corporate law departments are increasingly turning to artificial intelligence tools as they face pressure to control costs and meet growing demands for legal services amid flat headcount, according to survey results released Wednesday.
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After Veto Threat, Courts Warn Need For More Judges Urgent
Following President Joe Biden's veto threat of a bill to add more federal judgeships, the Administrative Office of the U.S. Courts warned Wednesday that there is an urgent need for more judges despite the White House's claim that there's no immediate need to create more seats.
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Del. Bar Urged To Push Back On Musk's Chancery Criticism
Nearly 100 legal professionals, mainly plaintiffs bar attorneys and law professors, have called on the Delaware State Bar Association to defend the state's chancellor against attacks that tech and social media billionaire Elon Musk launched after a stinging defeat of his nearly $56 billion, multiyear Tesla Inc. package in January.
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Some Boies Schiller Associates' Bonuses To Hit $1M Or More
Multiple Boies Schiller Flexner LLP associates will receive bonuses of $1 million or more this week due to a banner 2024 from numerous wins at trial and significant settlements on behalf of plaintiffs and victims, the firm said Tuesday.
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Biden Threatens To Veto Bipartisan Effort To Add Judgeships
The White House on Tuesday threatened to veto legislation that would increase the number of federal judgeships nationwide after the measure lost support among Democrats postelection.
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Key House Dem Thinks Biden Will Veto Bill To Add Judges
The House is poised to vote on a bipartisan bill to add the much-sought additional judgeships, but President Joe Biden's support is in question.
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Houston Trial Boutique Partially Matches Milbank Bonuses
Houston trial boutique Ahmad Zavitsanos & Mensing PC has joined the growing number of law firms to match the 2024 associate bonus scale first put forward by Milbank LLP, at least in part, according to a Monday report.
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Paul Weiss Nearly Triples Partnership Class With 34 Boosts
Paul Weiss Rifkind Wharton & Garrison LLP has promoted 34 attorneys to partner effective Jan. 1, nearly triple the number of its 2024 class.
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House Poised To Take Up JUDGES Act As Some Dems Balk
A bipartisan bill to create more federal judgeships to meet increasing caseloads is on the House's schedule for next week, but its support from some Democrats appears to be waning.
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Patent Litigation Funders 'Fleeing' Del. Court, Study Says
Patent cases in Delaware federal court have dropped by 41% since Delaware's Chief U.S. District Judge Colm Connolly issued disclosure rules in 2022, and litigation-funded cases there "have virtually dried up," according to a Utah law professor's study.
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Glenn Agre, Ross Aronstam Match Milbank Associate Bonuses
Two more boutique firms have gotten in on the bonus action, with Glenn Agre Bergman & Fuentes LLP and Ross Aronstam & Moritz LLP announcing Friday they'll be matching the associate cash bonuses set by Milbank LLP and followed by Cravath Swaine & Moore LLP.
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Legal Hiring Continues Growth In November
The U.S. legal sector saw job growth continue in November, logging its third consecutive month of increases after a four-month decline earlier this year, according to preliminary figures released Friday by the Bureau of Labor Statistics.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry began December with another busy week as President-elect Donald Trump continued to make appointments and BigLaw firms shifted their physical footprints. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Law360's Legal Lions Of The Week
In an otherwise fairly quiet week for litigation, lawyers at Goodwin Procter LLP were preparing for a verdict, and a federal jury returned on Tuesday with a $452 million award for their client, Insulet Corp., in a trade secrets lawsuit.
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Polsinelli Associate Develops Platform For Transactional Attys
A Polsinelli PC private equity mergers and acquisitions associate has developed a new deal management platform designed specifically for transactional attorneys that the firm said is redefining the application of legal technology in sophisticated deal work.
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Chancery Honors Atty For His Guardianship Work
Gregory Birney of Birney Law LLC told Law360 Pulse he is honored to be this year's recipient of the Delaware Chancery Court's ad litem service award but that his real aim is raising awareness to get more lawyers to assist with guardianship matters.