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Delaware Pulse
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BigLaw Begins Matching Milbank On Associate Bonuses
Following the news Tuesday that Cravath Swaine & Moore LLP will pay associates year-end and special bonuses in line with those handed out by Milbank LLP this year, the firms' peers have begun to respond, with swift matches Wednesday by Paul Hastings LLP and McDermott Will & Emery LLP.
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Cravath Matches Milbank On 2024 Associate Bonuses
Longtime legal compensation leader Cravath Swaine & Moore LLP has reportedly announced year-end and special bonuses for its associates in line with those offered by peer law firm Milbank LLP over the summer and earlier this month.
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Legal Tech Co. Sues For AI Company's IP Release In Del.
A U.S. company formed to use proprietary artificial intelligence and other tech and metrics to analyze witness credibility and emotions in legal proceedings has sued an Italian firm alleging breach of a contract duty to hand over essential, licensed intellectual property.
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Litigation Funder Can't Arbitrate German Biz's Discovery Bid
A Delaware federal judge has denied litigation funder Burford Capital's request to force arbitration of a discovery bid associated with foreign litigation accusing the German arm of law firm Hausfeld LLP of trying to circumvent a German ban on contingency fees in certain antitrust litigation.
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Law Firms Set To Close Out 2024 With Near-Record Billing
Amid high demand, billing rates at U.S. law firms were up 9% during the first nine months of 2024 compared to this time last year, revealing the industry is on track to see strong year-end financial results, according to survey results released Tuesday by Wells Fargo Private Bank.
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In-House Female Attys Say They Prefer Work Culture, Balance
In a first-of-its-kind survey by the National Association of Women Lawyers, in-house female attorneys report finding their work-life balance, work substance and workplace culture superior to that of law firms.
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Why AI May Be The Secret Weapon For Starting A Law Firm
The secret ingredient to opening a solo practice or small firm might be artificial intelligence, Chris Stock, a vice president at legal tech company Clio, said at the New York City Bar's Small Law Symposium last week.
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Where Women Are And Are Not Getting Ahead In Law
Women now make up the majority of law school graduates, law firm associates and lawyers in the federal government and will likely soon make up the majority of law school faculty, according to a report from the American Bar Association out Monday, however the proportion of women in certain positions of power within the profession continues to lag.
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What To Know About Digital Marketing Before Starting A Firm
At the New York City Bar's Small Law Symposium on Thursday, lawyers and a digital marketing expert broke down what attorneys looking to launch a law firm should be thinking about before launching a digital marketing campaign.
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Wilson Sonsini Partnership Class Drops Slightly To 16 Attys
Wilson Sonsini Goodrich & Rosati PC has elected 16 attorneys to its partnership, marking a dip from the 20 partners elected for 2024 and a further decline from its 23-attorney partner class for 2022, which was its largest partner class since 1999.
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Law360 Pulse Spotlight On Mid-Law Work
Wiley Rein's work on a $5 billion telecommunications deal and Brownstein Hyatt's representation of a debt-collection trade group lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Nov. 1 to 15.
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Litigator Becomes Newest Member Of Whiteford's Exec Board
Whiteford Taylor & Preston LLP has announced the appointment of an experienced litigation partner who's been with the firm for more than 25 years to its executive committee.
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Law360's Legal Lions Of The Week
Covington & Burling LLP leads this week's list of Law360 legal lions for helping Mark Zuckerberg beat multidistrict litigation claims alleging Meta concealed social media's risks to young users.
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Voir Dire: Law360 Pulse's Weekly Quiz
This was another action-packed week for the legal industry as President-elect Donald Trump announced key appointments and Milbank kicked off BigLaw bonus season. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Rawle & Henderson Hires Attorney To Lead Its Delaware Office
Rawle & Henderson LLP has announced that it has hired an experienced attorney, who previously ran his own law firm, to serve as managing partner of its Delaware office.
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How Reed Smith Helped Delaware ACLU Win Loitering Case
Attorneys for Reed Smith LLP, which helped the ACLU of Delaware recently secure a win for an organization that challenged state solicitation and antiloitering laws, told Law360 Pulse that they drew on the firm's litigation resources to do so.
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4 Law Firm Leaders On Why They're Dead Set Against Merging
As the number of U.S. law firm combination announcements this year ticks up over 90 with the newly announced merger between Herbert Smith Freehills and Kramer Levin, these four leaders tell Law360 Pulse they have no interest in entertaining such talks.
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Halloran Farkas Hires Former Delaware Attorney General
Halloran Farkas & Kittila LLP has announced that it has hired M. Jane Brady, a former Superior Court judge and the first woman to serve as Delaware's attorney general, to bolster its litigation and regulatory efforts.
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How Freeman Mathis Maintains Its '1 Office, 1 Firm' Culture
Atlanta-based Freeman Mathis & Gary LLP recently expanded its roster to include more than 400 lawyers across 21 states, but its managing partner said the firm remains committed to a “one office, one firm” philosophy.
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Law Firms Positioned To Finish 2024 On 'Very Strong' Note
The legal market is positioned to have a very strong year, with firms seeing increases in demand, revenue and attorney productivity during the first three quarters of 2024, according to the results of a survey by Citi Global Wealth at Work.
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What's Next For Court Reform In This New Political Climate?
Advocates are not holding out hope for bills that would firm up a code of ethics for the U.S. Supreme Court, impose term limits on justices or give judiciary employees antidiscrimination job protections, saying Republican control of the federal government will likely stall any progress that's been made with court reform efforts.
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In-House Counsel Less Wary Of Making BigLaw Jump
While most in-house counsel aren't actively looking to shift to private practice, a survey out Tuesday found there may be an increasing openness to that career lane shift if certain conditions — such as better salaries, work-life balance, and firm culture — are met.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q3
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 third quarter of the year.
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BigLaw Bonus Season Starts With A Move By Milbank
Milbank LLP announced Monday that it will hand its associates year-end bonuses ranging from $15,000 to $115,000 depending on seniority, numbers that nearly align with bonuses the firm and its peers handed out last year.
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Law360's Legal Lions Of The Week
Wilson Sonsini Goodrich & Rosati PC and Potter Anderson & Corroon LLP lead this week's list of Law360 legal lions for helping a California biotech startup beat a nearly $460 million trade secrets trial before a federal jury in Delaware.
Expert Analysis
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Keys To Managing The Stresses Of Law School
Dealing with the pressures associated with law school can prove difficult for many future lawyers, but there are steps students can take to manage stress — and schools can help too, say Ryan Zajic and Dr. Janani Krishnaswami at UWorld.
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Can Mandatory CLE Mitigate Implicit Bias's Negative Impacts?
Amid ongoing disagreements on whether states should mandate implicit bias training as part of attorneys' continuing legal education requirements, Stephanie Wilson at Reed Smith looks at how unconscious attitudes or stereotypes adversely affect legal practice, and whether mandatory training programs can help.
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Ditch The Frills And Start Writing Legal Letters In Plain English
To become more effective advocates, lawyers need to rethink the ridiculous, convoluted language they use in correspondence and write letters in a clear, concise and direct manner, says legal writing instructor Stuart Teicher.
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Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?
Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
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DoNotPay Cases Underscore Hurdles For AI-Fueled Legal Help
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.
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For The Future Of Legal Practice, Let's Learn From The Past
At some level, every practicing lawyer is experiencing the ever-increasing speed of change — and while some practice management processes have gotten more efficient, other things about the legal profession were better before supposed improvements were made, says Jay Silberblatt, president of the Pennsylvania Bar Association.
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Why All Law Firms Should Foster Psychological Capital
Law firms will be able to reap great long-term benefits if they adopt strategies to nurture four critical components of their employees' psychological wellness and performance — hope, efficacy, resilience and optimism, says Dennis Stolle at the American Psychological Association.
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A GC's Guide To Litigation, Inspired By Sun Tzu's 'Art Of War'
With caseloads and spending increasing, in-house counsel might find themselves called to opine on the risks and benefits of litigation more often, and they should look at five Sun Tzu maxims from the ancient Chinese classic "The Art of War" to inform their approach to any suit, says Jeff Golimowski at Womble Bond.
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Mentorship Is Key To Diversity In The Legal Industry
Not only can effective mentorship have a profound impact on women and people of color entering the legal field, but it also benefits mentors and the legal profession as a whole, creating a true win-win situation for all involved, says Natasha Cortes at Grossman Roth.
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ChatGPT Is A Cool Trick, But AI Won't Replace Lawyers
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
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Pro Bono Work Is Valuable In IP And Continued Learning
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
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Increasing Public Access To Legal Services: A Practical Plan
Recommendations recently issued by a special committee of the Florida Bar represent a realistic, pragmatic approach to increasing the accessibility and affordability of legal services, at a time when the disconnect between the legal profession and the public at large has widened considerably, says Gary Lesser, president of the Florida Bar.
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Priorities For Improving The Legal Industry In Texas
To assist Texas lawyers in effectively executing their duties, we should be working on succession planning, attorney wellness, and increasing understanding of the grievance system by both bar members and the public, says Laura Gibson, president of the State Bar of Texas.
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Leading Your Law Firm's Creation Of A New Practice Group
Marjorie Peerce and Peter Jaslow at Ballard Spahr discuss the challenges of building a new law firm practice group from the ground up, and how sustained commitment, communication and collaboration are the key ingredients for success.
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Series
Ask A Mentor: How Do I Relay Shortcomings To Associates?
Michael Cohen at Duane Morris discusses the best ways to articulate how an associate is not meeting expectations, and why documentation of performance management is crucial for their growth and protecting the firm from discrimination suits.