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Legal Tech
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In-House Teams Using More GenAI And Fewer Law Firms
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
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Corporate Boards Must Address Tech, Commission Says
A blue ribbon commission announced Monday that strengthening oversight, deepening insight and developing foresight are the three main pillars of a new framework for how corporate boards can thrive in the digital age.
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Mondelez, BCLP Ink $750K Deal To End Data Breach Suits
Mondelez Global LLC workers on Friday asked an Illinois federal judge to greenlight a $750,000 settlement that would resolve proposed data privacy class actions against their employer and Bryan Cave Leighton Paisner LLP stemming from a 2023 data breach.
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OpenAI Brings On MoFo IP Litigator To Lead AI Research
A former intellectual property litigation partner from Morrison Foerster LLP is now OpenAI's lead counsel for artificial intelligence research, the company said Friday.
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Corporate Counsel Group Launches Cybersecurity Toolkit
The Association of Corporate Counsel announced a new toolkit for in-house attorneys on Thursday directed at cybersecurity threats and delivering practical strategies to prepare for and mitigate damage from potential data breaches.
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Legal Tech Roundup: MarqVision, Reducto
Several legal technology startups secured new funding this week.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry kicked off the first week of October with several partner promotions, lateral moves, law firm closures and mergers. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Outgoing JAMS CEO On Raising Profile, Revenues Of ADR Biz
Law360 Pulse caught up with Chris Poole to discuss his tenure as CEO of JAMS and why he stepped down after 17 years at the helm of the alternative dispute resolution service.
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12 Lawyers Who Are The Future Of The Supreme Court Bar
One attorney hasn't lost a single U.S. Supreme Court case she's argued, or even a single justice's vote. One attorney is perhaps "the preeminent SCOTUS advocate." And one may soon become U.S. solicitor general, despite acknowledging there are "judges out there who don't like me." All three are among a dozen lawyers in the vanguard of the Supreme Court bar's next generation, poised to follow in the footsteps of the bar's current icons.
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Linklaters Teams Up With King's College For GenAI Training
Linklaters LLP, in collaboration with the Dickson Poon School of Law at King's College London, announced on Thursday the launch of a new generative artificial intelligence training course to help its lawyers better understand generative artificial intelligence as the firm moves to adopt such technology this year.
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Dallas Firm Higier Allen Launches Commercial Loan Service
Dallas-based business law firm Higier Allen & Lautin PC announced Wednesday the launch of a document service that streamlines the process of creating commercial loan documents.
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A Deep Dive Into In-House Counsel Pay
The total compensation packages for in-house counsel at different levels of the corporate ladder can vary widely, with especially large variations seen in bonus amounts and long-term incentives, according to a new Law360 Pulse report.
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To Go, Or Not To Go, To A Firm Directly From Law School
Most legal professionals historically have emphasized the need for young attorneys to gain firm experience immediately after law school. However, that thought is shifting, as more junior lawyers graduate and go directly to a corporate legal team — movement that could eventually take hold as the in-house legal department continues to rise in prominence within businesses.
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Here's How To Negotiate The Best Pay Packages For GCs
Not all general counsel can pull in a pay package that places them near the top 10 highest-paid in-house lawyers. But every top legal officer can use some pro tips on how to negotiate the best deal possible. Law360 Pulse asked several executive compensation experts to share their advice.
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In-House Tech Leaders On Joining Forces At Gibson Dunn
Keith Enright, Google's former chief privacy officer who recently joined Gibson Dunn & Crutcher LLP to co-lead its tech and innovation industry group alongside S. Ashlie Beringer and Jane Horvath, has worked in-house to help corporations navigate data privacy issues for most of his legal career. Enright and Beringer recently spoke with Law360 Pulse about combining their in-house backgrounds, their goals for their practices and more.
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France-Based Formality Eyes US Expansion With Funding
Formality, a contract management software company based in France, secured €8 million ($8.8 million) in new funding on Wednesday.
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M&A Vet Joins Debevoise In NY From Legal AI Co.
Debevoise & Plimpton LLP has boosted its New York office with a veteran mergers and acquisitions attorney who recently worked as chief product officer at legal-focused artificial intelligence company Harvey.
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LexShares Argues Ex-CEO's Suit 'Defies Common Sense'
Litigation financing company LexShares Inc. urged a Massachusetts federal court to throw out a Black former CEO's suit, arguing that his racial discrimination claim against two board members who helped him acquire the company "defies common sense."
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A Deep Dive Into Top GC Pay
Law360 Pulse looked beyond bare financials to see how business sectors, law firms and schools could influence the pay of top-earning GCs in S&P 500 companies. Here’s what we found.
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These Are The Legal Chiefs Who Command Top Dollar
With the increasingly dynamic role of the top corporate lawyer playing out across sectors — as well as stock awards that far outpace the amounts they see in their salaries and bonuses — the pay packages for most general counsel and chief legal officers continue to stay strong.
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Everything You Need To Know About GC Pay
Want to know which legal chief is earning the most at an S&P 500 company? How compensation compares across business sectors? Explore the ins and outs of general counsel compensation with our interactive graphic.
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Adapt Or Die: Alternative Legal Service Providers' AI Dilemma
Despite the buzz around generative artificial intelligence replacing lawyers, one category of legal vendors faces a particularly high risk of being supplanted: alternative legal service providers, or ALSPs.
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DocJuris Closes $8M Series A Funding Round
Legal technology company DocJuris on Tuesday announced the closing of an $8 million Series A funding round, bringing total capital raised for the Texas company to $11.2 million.
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Fennemore Launches AI Initiative With Wash. Firm Merger
Western regional firm Fennemore Craig PC has undertaken its fifth merger of the year, combining with a Washington state business and real estate firm with flat fee offerings and a focus on technology, with Fennemore saying Tuesday the merger is part of an overall investment in artificial intelligence legal technologies.
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Firms Add Nonequity Partners, And Many Aren't Happy
Nonequity partners make up one of the fastest-growing tiers of lawyers at major law firms — and that tier is the most discontented, according to Law360 Pulse's 2024 Law Firm Compensation Survey.