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The former chief financial officer of 777 Partners LLC has sued the private equity firm in Delaware's Court of Chancery, seeking advancement of his legal fees in connection with a fraud investigation and at least 20 civil lawsuits related to the company's business.
The legal industry marked the end of July with another action-packed week of news as BigLaw made hires across the country. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A visiting scholar, an associate judge from Maryland and a public interest lawyer are among the five attorneys who will be presented with the 2024 Margaret Brent Women Lawyers of Achievement Award on Sunday during the American Bar Association's annual meeting in Chicago.
Delaware-based financial technology company Best Egg has promoted its general counsel to chief legal officer and corporate secretary, replacing its retiring, longtime top lawyer.
Duane Morris LLP attorneys who recently won a Delaware Court of Chancery order unwinding a merger that set up unfair terms for distributions from a sunken pirate ship salvage venture potentially worth $200 million to $1 billion have asked for a $3.25 million fee for their five-year effort.
McCarter & English LLP has told the Delaware Chancery Court it is asserting a $492,000 lien over any monies awarded to tool manufacturer Red Mud Enterprises LLC, saying its former client has yet to pay the firm for representing the company in litigation in which it won legal fees.
The Senate passed a bipartisan bill Thursday by voice vote to create 66 new and temporary judgeships to help federal courts handle increasing workloads.
Skadden tapped seasoned transactional attorney Elizabeth Gonzalez-Sussman to lead the firm’s shareholder engagement and activism practice as more clients seek help navigating investor demands.
K&L Gates LLP announced Thursday that it has added to its Delaware office a corporate attorney who previously worked at Greenberg Traurig LLP and has been based in the First State for her entire career.
Delaware's judiciary has announced that it is adopting a policy permitting personal electronic devices and cellphones in its courthouses, with some restrictions, following the success of a two-year pilot program.
Delaware Superior Court Judge Meghan A. Adams is presiding over litigation filed by affiliates of H.I.G. Capital alleging "brazen" sell-side fraud and conspiracy by interests of Audax Group in connection with H.I.G.'s $915 million deal in early 2022 for an allegedly overvalued Mobileum Inc.
Delaware's Supreme Court has affirmed a ruling that an entity that invests in tech companies waited too long to try to arbitrate a manager's legal fee advancement suit, rejecting a "half-hearted suggestion" that it was unaware of an arbitration provision until "its third set of counsel" joined the case.
While many legal chiefs don't want business leaders to view their legal teams as the department of "No," a new study says some executives continue to wait until as late as possible to consult with their counsel — if at all.
The Third Circuit declined to reinstate a former Wells Fargo employee's suit alleging he was fired after complaining that the bank withheld some of his commissions, saying he can't revive his suit due to his "inexcusable lack of diligence" at complying with court orders.
Experts say associates should use social media with extreme caution, weighing any benefits against the impact that their online presence may have on their law firms, practice, clients and future employment.
While many deputy general counsel aspire to become legal chiefs — either at their current employers or elsewhere, depending on succession plans — not everyone in the role wants to rise to the position. How can lawyers know? And which qualifications do they need? One established general counsel is hoping to help deputies navigate these questions.
From cameras in the courtroom to explanatory law review articles to posts on social media, Judge Stephen Dillard uses every tool at his disposal to improve transparency at the Georgia Court of Appeals.
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the second quarter of this year.
Large law firms are hungry for top litigation partners who can bring strong client relationships and big books of business along with them, according to legal recruiters. But many are finding that a tall order in today's legal industry, where everyone is looking for the same thing and portability as a litigator can be a challenge.
The American Bar Association ethics committee published on Monday its first formal opinion on attorney use of generative artificial intelligence tools, saying lawyers should consider their ethical obligations, including those related to model rules on competency, confidentiality and fees.
Public trust in the federal judiciary, and the U.S. Supreme Court in particular, has fallen in recent years, with fewer than half of Americans now expressing confidence in the federal courts, according to a study released Monday.
A jury will have to determine whether the Philadelphia District Attorney's Office was following a neutral, general policy when it denied an employee's religious exemption from its COVID-19 vaccination mandate, or whether D.A. Larry Krasner harbored anti-religious bias in the decision, the Third Circuit ruled Monday.
Boyden Gray PLLC leads this week's edition of Law360 Legal Lions, after the full Fifth Circuit struck down as unconstitutional the Federal Communications Commission's system for subsidizing telecommunications service for rural and low-income users.
Benesch's work on a private equity acquisition of a bankruptcy advisory firm and Hausfeld's handling of a proposed class action in a data breach affecting over seven million people lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from July 12 to 26.
A shakeup in the presidential race kicked off another busy week for the legal industry as two BigLaw firms named leaders. Test your legal news savvy here with Law360 Pulse's weekly quiz.
In uncertain and challenging times, law firm leaders can build and sustain culture by focusing attention on mission, values and leadership development, and applying a growth mindset across their firms, says Scott Westfahl at Harvard Law.
Robert Keeling at Sidley reflects on leading discovery in the litigation that followed the historic $85 billion AT&T-Time Warner merger and how the case highlighted the importance of having a strategic e-discovery plan in place.
Opinion
CLE Accreditation Should Be Tied To Learning OutcomesGiven the substantial time and money lawyers put toward mandatory continuing legal education, CLE regulators and providers should be held to accreditation standards that assess learning outcomes, similar to those imposed on law schools and continuing medical education providers, says Rima Sirota at Georgetown Law.
While many lawyers still believe that a manual, document-by-document review is the best approach to privilege logging, certain artificial intelligence tools can bolster the traditional review process and make this aspect of electronic document review more efficient, more accurate and less costly, say Laura Riff and Michelle Six at Kirkland.
Robert Dubose at Alexander Dubose describes several categories of visuals attorneys can use to make written arguments easier to understand or more persuasive, and provides tips for lawyers unused to working with anything but text.
There are major differences between BigLaw and Mid-Law summer associate programs, and each approach can learn something from the other in terms of structure and scheduling, the on-the-job learning opportunities provided, and the social experiences offered, says Anna Tison at Brooks Pierce.
Series
Ask A Mentor: How Do I Take Time Off?David Kouba at Arnold & Porter discusses how attorneys can prioritize mental health leave and vacation despite work-related barriers to taking time off.
The traditional structure of law firms, with their compartmentalization into silos, is an inherent challenge to mental wellness, so partners and senior lawyers should take steps to construct and disseminate internal action plans and encourage open dialogue, says Elizabeth Ortega at ECO Strategic Communications.
The key to trial advocacy is persuasion, but current training programs focus almost entirely on technique, making it imperative that lawyers are taught to be effective storytellers and to connect with their audiences, says Chris Arledge at Ellis George.
Female attorneys in leadership roles inspire other women to pursue similar opportunities in a male-dominated field, and for those who aspire to lead, prioritizing collaboration, inclusivity and integrity is key, says Kim Yelkin at Foley & Lardner.
Former Assistant U.S. Attorney Moira Penza, now at Wilkinson Stekloff, recalls the challenges of her first case as a civil defense attorney — a multibillion-dollar multidistrict class action against Allergan — and the lessons she learned about building rapport in the courtroom and with co-counsel.
Most legal professionals lack understanding of the macroeconomic trends unique to the legal industry, like the rising cost of law school and legal services, which contributes to an unfair and inaccessible justice system, so law school courses and continuing legal education requirements in this area are essential, says Bob Glaves at the Chicago Bar Foundation.
While the American Bar Association's recent amendments to its law school accreditation standards around student well-being could have gone further, legal industry employers have much to learn from the ABA's move and the well-being movement that continues to gain traction in law schools, says David Jaffe at the American University Washington College of Law.
Series
Ask A Mentor: How Do I Build Rapport In New In-House Role?Tim Parilla at LinkSquares explains how new in-house lawyers can start developing relationships with colleagues both within and outside their legal departments in order to expand their networks, build their brands and carve their paths to leadership positions.
Piper Hoffman and Will Lowrey at Animal Outlook lay out suggestions for attorneys to maximize the value of their pro bono efforts, from crafting engagement letters to balancing workloads — and they explain how these principles can foster a more rewarding engagement for both lawyers and nonprofits.