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Even as the demand for legal services fell short of industry expectations, U.S. law firms entered 2025 on solid financial footing, with steady rate hikes fueling an 11.3% jump in first-quarter revenues, according to survey results released Tuesday by Wells Fargo Private Bank.
A Connecticut bankruptcy judge on Tuesday approved a $10 million deal between Miles Guo's Chapter 11 trustee and the Chinese exile's onetime attorneys at Brown Rudnick LLP, and greenlighted 10 lesser settlements with other firms and luxury retailer Versace.
Law360 Pulse asked respondents to our Lawyer Satisfaction Survey for their thoughts on misconceptions about being a lawyer, what the best parts of the job are and what they would tell newer lawyers. Here's what they said.
In 2025, even lawyers are feeling anxious about their bottom lines: Only 44% of attorneys described their financial stability as "excellent" in a recent Law360 Pulse survey.
In a time of rising uncertainty and stress, there are signs that spirits are sagging in the legal profession compared with recent years, according to a new Law360 Pulse survey.
Among law school applicants, women have far outpaced men over the past 10 years, yet the admission rate for men has remained higher, according to the nonprofit AccessLex Institute's Legal Education Data Deck released Tuesday.
A Connecticut state court judge has paused a derivative lawsuit that an attorney filed against his onetime 50-50 law partner at Connecticut Trial Firm LLC, sending it instead to arbitration.
Ballard Spahr LLP and WilmerHale lead this week's edition of Law360 Legal Lions, after a Manhattan federal jury rejected former Alaska Gov. Sarah Palin's libel claims against The New York Times over a 2017 editorial linking her to political violence.
They didn't start the fire — but this former BigLaw partner and her family hope to ignite curiosity with their children's history podcast inspired by the Billy Joel tune.
This was another action-packed week for the legal industry as attorneys took on new roles and BigLaw firms expanded their offerings. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A former Webster Bank general counsel and corporate secretary was sentenced Thursday to four years behind bars after pleading guilty to spending nearly eight years embezzling $7.4 million and funneling at least some of the money through his personal attorney trust accounts.
Newly launched Witt Lake Asset Management has found its legal leader in the longtime former general counsel for Syncora Holdings Ltd. and its subsidiaries.
Both associate hiring and departures rose in 2024 from the year before, with the attrition rate lower at large firms, according to a report released Thursday by the National Association of Law Placement.
Georgia was the destination for several law firms in April as they opened or relocated offices in the Peach State.
The Second Circuit has fast-tracked an appeal by a Connecticut attorney who lost a lawsuit over his former law firm's alleged unauthorized use of his name and likeness after his firing.
Cohen and Wolf PC has expanded its litigation offerings in Bridgeport, Connecticut, with the addition of a Spears Manning & Martini LLC attorney.
A Connecticut judge should not reconsider an award of attorney fees and interest against the law firm Mancini Provenzano & Futtner LLC because it already waived its arguments or brought them up in a pending appeal of a negligence judgment, a former client said this week.
The tug-of-war over remote work is far from over, but the latest data from Law360 Pulse's March survey indicates law firms are more comfortable laying down rules requiring at least some office attendance — and lawyers, for the most part, are learning to live with them.
The portion of 2024 graduates from U.S. law schools who had secured jobs making use of their degrees 10 months after graduation rose 1.7% compared to a similar analysis performed for 2023 graduates, according to data released Wednesday by the American Bar Association.
While law firms continue to push return-to-office policies, recruiters say they have yet to see mass departures in response. The real friction point for associates, they noted, is with senior partners.
A 26-attorney Connecticut business litigation, intellectual property and employment law firm was hit with another proposed federal class action over a breach of the firm's computer systems.
The family of a deceased Connecticut retail developer has filed suit against the estate of a deceased attorney and his former firm, McCarter & English LLP, accusing him of mismanaging the developer's trust while extracting steep attorney fees.
A Connecticut lawyer on Tuesday added to an ongoing legal battle with weapons manufacturer Sig Sauer Inc., filing a new lawsuit claiming the gunmaker referenced him in a March 7 press release suggesting trial attorneys made misrepresentations about gun safety.
A new study on company disclosures of business risk in their most recent annual 10-K filings with regulators shows many companies are concerned about geopolitical risks related to unstable areas, including Ukraine, Russia and the Gaza Strip in the Middle East.
Billing rates for law firms that serve corporate clients continue to increase at a historically fast clip, with the largest firms increasing their fees the fastest in 2024, according to a report out Tuesday that found some associates' billing rates are nearing $2,000 per hour.
Many lawyers assume that becoming a rainmaker requires a significant investment of time and effort, but the truth is that building a consistent habit of business development can start with just 10 minutes of strategic outreach a day, says Paul Manuele at PR Manuele Consulting.
Certain law firm decisions — such as whether to challenge an executive order — cannot be crowdsourced, but leadership can collaboratively communicate these choices using strategies that build trust, reinforce values and preserve cohesion, says John Hellerman at Hellerman Communications.
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Biz Development Tip Of The Month: Create A Succession PlanConversations around retirement and succession can be understandably difficult, but when attorneys make a plan for the transition early and effectively, they have the opportunity to not only keep work but also increase it, says Jillian McKenna at Verrill Dana.
In recent years, top-tier law firms have pushed hourly rates to unprecedented heights, with some partners commanding $3,000 per hour — but this eye-popping number doesn’t tell the full story, as there are numerous caveats and rigorous winnowing along the way, says Christopher Seck at Squire Patton.
Law firms that successfully manage two-tiered partnership do so by creating a culture that treats everyone with respect and by establishing financial incentives outside their base compensation to reward performance, says Carol Morganstern at Major Lindsey.
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Biz Development Tip Of The Month: Leverage Your Atty BioIf maintained properly, your firm bio can help attract potential clients and create authentic connections, so it's crucial to take steps to write an updated attorney profile that goes beyond a list of credentials, says Raychel Lean at Reputation Ink.
Eran Kahana at Maslon discusses how partners can encourage responsible use of artificial intelligence tools within their firms by learning to spot pitfalls common to AI-generated work product and championing firmwide procedures and trainings that address the risks of uncritically relying on this powerful but imperfect technology.
Law firm culture is often dismissed as a soft factor — merely platitudes on a website that seem disconnected from the bottom line — but by intentionally embedding a strong culture into day-to-day operations, law firms can achieve sustainable success, says Shireen Hilal at Maior Strategic Consulting.
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Biz Development Tip Of The Month: Prioritize ConnectionsOne reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.