Delaware Pulse


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    Law Firm Real Estate Report

    Several law firms around the country found reasons to be thankful in November as hybrid work models helped slim down their office space or as firms sought out more room to accommodate growing teams.

  • Disgruntled Dems Move On From Appellate Noms Deal

    While some Democrats have gripes about the deal Senate Majority Leader Chuck Schumer made with Republicans before Thanksgiving on judicial confirmations, they grudgingly concede the deal helps them fill as many seats as possible even if it means leaving choice circuit seats for President-elect Donald Trump to fill.

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    Morgan Lewis Matches Bonuses, Cahill Raises The Bar

    Bonus announcements continued Thursday, with Morgan Lewis & Bockius LLP matching Milbank LLP's year-end and special cash bonuses, while Cahill Gordon & Reindel LLP upped the ante with higher special bonuses.

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    Meet The Nominee For Next Vice Chancellor In Delaware

    Bonnie W. David, who has served as a magistrate in Delaware Chancery Court since last year, has been nominated by outgoing Gov. John Carney to serve as a vice chancellor to fill a seat that will be left vacant by the judge she clerked for a decade ago.

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    What's Next For The Global Legal Market In 2025?

    While U.S.-based firms with an international footprint are pulling back from some locations, they may still consider building out a new, albeit smaller, footprint in other countries, particularly in the Middle East and South Asia.

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    These Law Firms Are Law360 Pulse's Global Leaders

    What does it mean to be a truly global legal powerhouse? The law firms spotlighted in our 2024 ranking are setting the standard for worldwide reach.

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    Chancery Gets Another Magistrate To Help Move Its Caseload

    Another former Young Conaway Stargatt & Taylor LLP attorney who previously worked for Delaware's Department of Justice, and most recently was chief legal counsel to outgoing Gov. John Carney, has joined the Chancery Court as a magistrate.

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    'Twice The Pace': 2024 Was A Busy Year For Law Firms

    Even as mergers and acquisitions activity has remained relatively "soft," large and midsize law firms have experienced a substantial increase in demand over the last year at twice the historic average rate of increase, according to the co-author of a Thursday report on U.S. law firm financial results.

  • Kramer Levin, Norton Rose To Match Milbank On Bonuses

    Kramer Levin said its associates will receive year-end and special bonuses in line with those set by Milbank LLP ahead of its proposed merger with Herbert Smith Freehills LLP.

  • Hunter Biden's Gun, Tax Cases Axed After Presidential Pardon

    Federal judges in Delaware and California on Tuesday closed the books on Hunter Biden's felony gun and tax evasion cases, just ahead of his sentencing hearings, after President Joe Biden issued a sweeping pardon of his son over the weekend.

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    3rd Circ. Judge Stapleton Remembered As 'Perfect Model'

    Third Circuit Judge Walter Stapleton, who played a crucial role in drafting Delaware's corporate laws and mentored the likes of U.S. Supreme Court Justice Brett Kavanaugh, died last month after having served as a "perfect model" of what a judge should be, according to those who knew him.

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    Wilkinson Stekloff Exceeds BigLaw's Year-End Bonuses

    Associates at trial boutique Wilkinson Stekloff will receive year-end bonuses as much as $57,500 higher than those given across BigLaw on top of special bonuses matching those offered by other firms, founding partners said Tuesday.

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    Approach The Bench: Judge Tunheim Advises Other Jurists

    For more than a decade, U.S. District Judge John Tunheim has counseled judges from other countries on quandaries jurists face internationally, from artificial intelligence to court administration to judicial independence.

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    Are Law Firms Losing Money On Generative AI?

    How to leverage generative artificial intelligence to enhance the bottom line is still a question mark for the vast majority of law firms, with many making massive investments in the technology without much of a plan for how to monetize it, law firm consultants say.

  • Biden's Pardon Is Another Blow To Special Counsel Probes

    President Joe Biden's pardon of his son over the weekend marks the latest example of a special counsel investigation fizzling and raises doubts over the future use of such probes, which can drag on for years and cost taxpayers millions of dollars.

  • Chancery OKs Pruned $2.3M Fee For Info Tech Co. Suit

    A Delaware vice chancellor on Monday cut $1.7 million from a $4 million fee sought by attorneys whose suit overturned corporate governance concessions that information technology company N-able Inc. granted to its lead investors, citing partial overlaps with an earlier, high-profile case.

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    The Top In-House Hires Of November

    Legal department moves in the last month included high-profile announcements at CSX Corp., Cohen & Steers Inc. and Pershing Square Holdings Ltd., including two general counsel joining boards of directors. Here, Law360 Pulse looks at some of the top in-house appointments from November.

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    Mid-Law Firm Seward & Kissel Matching Milbank Bonus Scale

    Seward & Kissel LLP, a Mid-Law firm with offices in New York and Washington, D.C., has joined the bonus bandwagon for associates by matching the year-end and special cash rewards set by Milbank LLP, according to media reports.

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    Ex-Skadden Chair Retiring And Joining Legal Tech Boards

    Eric Friedman, who led Skadden Arps Slate Meagher & Flom LLP for 15 years as chair and executive partner, is retiring from the firm at the end of the year and joining the boards of two legal tech companies.

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    Mayer Brown, Gibson Dunn Match Milbank Bonuses

    Mayer Brown LLP and Gibson Dunn & Crutcher LLP joined a chorus of other BigLaw firms in doling out extra cash for associates, matching the year-end and special bonuses set by Milbank LLP, according to media reports.

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    More Law Firm Business Staffs See Discretionary Bonuses

    Law firms' administrators and staff have reported more discretionary bonuses, longer parental leave, increasing work-from-home policies and an overall decline in turnover rates, according to the latest annual report produced by the Association of Legal Administrators.

  • What Do You Know About BigLaw's Associate Bonus Plans?

    BigLaw has ushered in another busy bonus season as law firms announce extra compensation for associates. Test your legal news savvy with a special Law360 Pulse quiz on what firms have announced so far.

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    BigLaw's Special Bonuses Are A Hedge Against Uncertainty

    When Cravath Swaine & Moore LLP matched Milbank's 2024 bonuses with its own, the storied New York firm did not hand associates a single lump sum with the total amount, but instead chose to separate out year-end bonuses from special bonuses.

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    Dechert Associates Bridge Business Acumen Gap At Wharton

    Dechert LLP associates from the United States and Europe recently took part in an intensive, three-day program at the Wharton School of the University of Pennsylvania in Philadelphia. Here, Law360 Pulse speaks to Dechert’s co-chair and a firm associate on how the program helped bridge the gap between legal expertise and business acumen.

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    2024 Associate Bonus and 2025 Salary Tracker

    UPDATED Feb. 26, 2025 | As the year draws to a close, an increasing number of large and other elite law firms are falling in line with a bonus scale set by market leader Milbank LLP, which in many cases puts more money in the pockets of law firm associates than ever before.

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