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Delaware Pulse
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Wilson Sonsini, Fenwick West Back Atty-Founded Equity Tool
Global equity platform Slice Global Inc., which uses artificial intelligence to ensure that companies issuing equity to international employees stay in compliance with laws and regulations, secured a $7 million seed funding round on Thursday.
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Law Firm Real Estate Report
The expansion of law firm footprints in North Carolina and Florida, a couple of homecomings in Minnesota and Sarasota, Florida, and the completion of a multimillion-dollar renovation in Houston were among some of the biggest real estate moves for law firms in February.
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Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys
Even as the economy appears poised to pick up steam in 2024, BigLaw firms are still aggressively adding restructuring capabilities, with a number of recent lateral hires reflecting the glut of work still to be found in the practice area.
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Meet The Judge Handling Biotech Biz NanoString's Ch. 11
U.S. Bankruptcy Judge Craig T. Goldblatt is presiding over the Chapter 11 in Delaware of NanoString Technologies Inc. as the company moves forward with a possible sale of its assets.
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DLA Piper Names New Global Managing Partner
DLA Piper announced Thursday that partner Richard Chesley will step into the newly created role of global managing partner to oversee the development of cross-border business initiatives and expansion of global relationships.
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Attys Get $750K Fee Award In $6M Med Tech Co. Deal
Class attorneys for minority shareholders of Autonomous Medical Devices Inc. who secured a $6 million settlement to resolve claims about a purportedly underpriced stock sale to an interest of Oracle founder Larry J. Ellison won court approval of the settlement Wednesday, along with a requested $750,000 fee award.
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Gov't Attys Must Mind Confidential Info Or Be DQ'd, ABA Says
Both current and former government attorneys who take on private clients should look out for instances where their possession of "confidential government information" calls for them to be disqualified from representing a client, according to the latest guidance from the American Bar Association Standing Committee on Ethics and Professional Responsibility, released Wednesday.
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US Trustee Taps Ex-Prosecutor To Be FTX Examiner
The U.S. Trustee's Office has urged a Delaware bankruptcy judge to allow Robert Cleary, a former U.S. attorney who is now with Patterson Belknap Webb & Tyler LLP, to investigate FTX's finances as an examiner in the defunct cryptocurrency company's Chapter 11 case.
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Behind Benesch's Strategy To Add And Keep BigLaw Laterals
Mid-sized Ohio-based firm Benesch Friedlander Coplan & Aronoff LLP has become an attractive destination for a certain type of BigLaw lateral partner, attracting a notable number over the past six months from firms such as Kirkland & Ellis LLP and Jenner & Block LLP.
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Law Firm Leasing Activity Reaches Pre-Pandemic Level
Major firm relocations in late 2023, including Paul Weiss Rifkind Wharton & Garrison LLP's December deal for a 20-year lease in a midtown Manhattan skyscraper, helped fuel the hottest legal office space market since before the COVID-19 pandemic.
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McDermott Appoints 4 Real Estate Leaders in US, Germany
McDermott Will & Emery LLP announced four new real estate practice leaders on Monday, elevating a longtime partner in Germany and three newer hires in the U.S.
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Approach The Bench: Judge Michael Baylson
Though his standing order on lawyers writing briefs using artificial intelligence — one of the first in the country to address the technology — is fairly broad, Judge Michael Baylson of the Eastern District of Pennsylvania says he's "not banning AI."
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Chancery Approves Snap Inc. Deal, Trims Fee Award By $2M
An agreement between Snapchat parent Snap Inc. and a class of shareholders to settle litigation that accused the social media platform of giving its founders too much voting power won Delaware Chancery Court approval Monday, but shareholder attorneys got just $4.5 million of the $6.6 million in fees that they sought.
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Chancery Says 'Game Over' On Fee Windfalls For Easy Cases
A Delaware vice chancellor has publicly slammed stockholder attorneys who sought an $850,000 fee for "minuscule" hours spent on a corporate benefit case after a recent string of suits filed to police stockholder rights to separate class votes on company transactions.
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Young Conaway Expands To NC With Charlotte Office
Delaware-based Young Conaway Stargatt & Taylor LLP announced that it recently expanded to North Carolina with the opening of its third office location in Charlotte.
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Bar-Takers See Accommodation Gap For Periods, Lactation
As would-be lawyers prepare to take the bar exam, testing accommodations for those who menstruate or lactate will vary by jurisdiction. In recent years, there's been a reckoning on state bar policies that affect women and transgender test-takers, but advocates say there's more to be done.
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New Group Aims To Help Attys Meet Middle Class Legal Needs
For middle-class Americans who may make too much money to qualify for legal aid services, affording an attorney to assist with civil matters like divorces and estate planning can still be a financial impossibility. The recently launched Above The Line Network, however, is on a mission to promote cost-conscious lawyering models to put legal services within economic reach for a big and underserved middle market.
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4 Trends Executive Compensation Attorneys Are Watching
A Delaware Chancery judge's rejection of Elon Musk's $55 billion Tesla pay package shows how a court historically viewed as corporate-friendly may be shifting, one of several trends executive compensation experts told Law360 they're seeing. Here are four issues executive pay lawyers should have on their radar.
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Law360 Pulse's Spotlight On Mid-Law Work
Pryor Cashman's handling of a suit against Pandora over royalty payments and Nutter's work on a healthy-snacks company acquisition lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Feb. 9 to 23.
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Law360's Legal Lions Of The Week
Cunningham Bounds LLC leads this week's edition of Law360 Legal Lions, after the Alabama Supreme Court ruled that frozen embryos count as children.
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3 Common Barriers As Law Firms Embrace Upward Reviews
Upward reviews, in which associates provide feedback on partners' performance as their managers, have become increasingly popular in the legal industry in recent years, but according to consultants who help implement them, the potential upsides can be muted if firms fail to avoid some common mistakes.
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Voir Dire: Law360 Pulse's Weekly Quiz
This was another busy week for the legal industry as law firms expanded their practices and attorneys made moves. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
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These Are The Hottest Trends In Law Firm Design
Out with the law library and in with Zoom rooms? Law360 Pulse recently talked to architects and legal employers to find out what the biggest trends are in law firm design.
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3rd Circ. Won't Protect AbbVie's Atty-Client Communications
The Third Circuit has denied AbbVie Inc.'s bid to block a Pennsylvania federal court's order to turn over attorney communications from a patent case allegedly cooked up just to extend the company's monopoly on a testosterone drug, but the appellate court's explanation remained under seal Thursday.
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'Loosey-Goosey' Standing Rulings Pose Threats To Judiciary
Federal courts from the U.S. Supreme Court down are expanding their definition of standing, particularly in disputes over politically charged issues, with potentially troublesome results, creating privileged categories of plaintiffs, undermining public confidence in the judiciary, and enabling policymaking from the bench, according to experts.