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Delaware Pulse
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Bonus Season Heats Up As More Firms Match Milbank's Scale
The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.
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BigLaw's Rate Hike Strategy Continues To Pay Off
A few years ago, when large law firm billing rates started to rise at an unprecedented pace, I remember many commentators said it couldn't last for long and that it was only a matter of time before client pushback would begin to swing the pendulum back in the other direction.
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Microsoft-Activision Atty Snubs $15M Class Fee In Del. Suit
An attorney for Microsoft Corp. and Activision Blizzard Inc. on Monday downplayed the benefits from an ongoing stockholder suit seeking $15 million for mid-case fixes to the two companies' $68.7 billion merger, saying the action's modest advantages should be weighed more as disclosure matters than a deal rescue.
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Law Firm Leasing Surpasses Pre-COVID Rate So Far In 2024
The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.
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Akin Announces Associate Bonuses, 2025 Salary Scale
Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.
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Senior Dem Asks Schumer For Votes On Circuit Court Picks
Sen. Mazie Hirono, D-Hawaii, a senior member of the Senate Judiciary Committee, on Friday pushed back against a deal Democrats and Republicans cut earlier this week that obligates Democrats to forgo votes on four appellate picks.
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Law Faculties Growing More Diverse And More Credentialed
Law school faculties are becoming more racially diverse and include a greater share of women, who make up a majority of faculty members entering the profession in the past 20 years, according to a report out this week from the Association of American Law Schools.
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Walmart Class Attys In $123M Opioid Deal Seek $24.6M Fee
Three plaintiffs firms known for shareholder litigation are seeking $25 million in fees for their work on a $123 million settlement with Walmart in Delaware's Chancery Court, ending a suit that claimed oversight failures at the retail giant led to reckless opioid prescriptions and massive liabilities.
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Law360's Legal Lions Of The Week
Goldman Ismail Tomaselli Brennan & Baum LLP, King & Spalding LLP, Holland & Knight LLP and Barnes & Thornburg LLP lead this week's list of Law360 legal lions for beating a Pennsylvania state court lawsuit brought against Bayer AG unit Monsanto by a woman who said she got cancer by using the weed killer Roundup.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another busy week as President-elect Donald Trump sought to dismiss his hush money trial and BigLaw firms elevated attorneys amid soaring billing rates. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Top Firms Big And Small Join In On Milbank Bonuses
The latest law firms to follow Milbank LLP on 2024 associate bonuses late Thursday and into Friday run the gamut from global giant to boutique, according to firm memos shared with Law360 Pulse and media reports.
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Susman Godfrey Atty Gains Early Experience In Del., Beyond
Susman Godfrey LLP associate Raj Mathur told Law360 Pulse Thursday that the firm's "ethos" of giving younger attorneys the opportunity to steer significant cases is certainly holding true for him, including his first appearance in front of Delaware's nationally important Supreme Court this week.
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Meet Attys In Malpractice Case Over Chicken Plant Pollution
Attorneys for two firms and parents who say their child's "catastrophic injuries" were caused by contamination from a chicken plant are set to soon appear before Delaware's Supreme Court to determine whether the parents' malpractice claims will be revived.
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BigLaw Trio Join In On Matching Milbank Bonuses
Paul Weiss Rifkind Wharton & Garrison LLP, Cleary Gottlieb Steen & Hamilton LLP and Fried Frank Harris Shriver & Jacobson LLP are the latest BigLaw firms to go big on associate performance rewards, announcing they will match Milbank LLP in both year-end and special bonuses.
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Ex-Pharma CEO Demands Legal Fees For SEC Probe
Cancer treatment development company Eagle Pharmaceuticals Inc.'s founder and ex-CEO told Delaware's Chancery Court Wednesday that he is entitled to legal fees he says the company owes him in connection with a U.S. Securities and Exchange Commission probe into the company's accounting practices, saying he continues to incur fees in addition to the $875,000 he has already requested.
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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.