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A Delaware Court of Chancery judge at a Wednesday hearing gave Left Coast Ventures Inc. time to fulfill a court order requiring it to cover legal fees for three former directors of the cannabis company defending a merger-related suit, after a company attorney told the judge the money will be coming.
The litigation funding industry is entering an era of "consolidation" and "shakeout" after years of rapid growth, exemplified by the fact that BigLaw firms made up a bigger slice of the industry's customer base than ever last year, even as the total value of new deals fell, according to a new report.
Lateral lawyer hiring plummeted 35% overall in 2023 — marking the second consecutive annual decline and the softest market in 13 years, according to a report released Wednesday by the National Association for Law Placement.
As associates grow into their positions, there can come a point at which they realize that mastering the art of the legal brief or the deposition is not enough: They also need to learn how to attract and retain clients.
Three former directors of Left Coast Ventures Inc. say the cannabis company still hasn't advanced their legal defense fees for a merger-related lawsuit despite a court order to do so, and are now seeking help from Delaware's Court of Chancery to get the bills paid.
Ohio Supreme Court Justice Melody Stewart has some choice words for a colleague who chose to challenge her reelection bid rather than run for the seat he occupies now.
Womble Bond Dickinson has appointed Jeff Whittle, managing partner of the firm's Houston office, to a two-year term on the firm's global board, which is responsible for ensuring that the firm's U.S. and U.K. operations work smoothly together.
The Third Circuit refused Monday to reconsider a ruling that found AbbVie was unable to show a lower court went against precedent or made errors when ordering the drugmaker to turn over attorney communications from a patent case allegedly meant to delay an AndroGel rival.
In addition to cost and usability, law firms are adding generative artificial intelligence to the checklist of things to consider when evaluating current and new e-discovery platforms.
Some women attorneys say makeup helps them feel more polished and confident at work, but they acknowledge that the desire to express themselves this way is often dictated by the legal industry's idea of what's appropriate, forcing them to navigate ever-shifting expectations in a field once shaped by men.
Several federal judges have issued standing orders blocking or putting guidelines on the use of artificial intelligence over accuracy issues with the technology, but a few legal scholars have raised concerns that the orders might discourage attorneys and self-represented litigants from using AI.
Weil Gotshal & Manges LLP leads this week's edition of Law360 Legal Lions, after a Second Circuit panel rejected what it characterized as a lower court's "new standard" for so-called patent monopolies.
The legal industry began spring with a busy week of BigLaw moves as firms expanded practices and shifted headcounts. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Invasive advance-notice bylaws that some observers say make shareholder board nominations as intrusive as a "colonoscopy" are reviving old questions in Delaware courts about how far boards can go to protect themselves against shareholder activism.
The Delaware bankruptcy court overseeing the Chapter 11 case of FTX Trading Ltd. has approved the appointment of a former federal prosecutor, whose experience includes work on the Unabomber case, to delve into accusations Sullivan & Cromwell is conflicted as debtor's counsel.
President Joe Biden is encountering new hurdles to placing his judicial nominees on the bench, particularly one who would be the first Muslim federal appellate judge if confirmed.
Richards Layton & Finger PA attorneys are representing the former CEO of Donald Trump-tied Digital World Acquisition Corp. in the ex-executive's Delaware Chancery Court suit seeking to have the venture pay his legal costs related to federal probes and litigation in multiple states.
Reed Smith LLP is reportedly raising associate salaries in a range similar to those first announced by Milbank LLP last November, with an associate's place on the scale depending on their billable hours.
Fox Rothschild LLP recently moved its Delaware office to a new and upgraded space in Wilmington not far from its former location.
New Jersey's family law bar gained new faces in leadership this week with Chiesa Shahinian & Giantomasi PC and Pashman Stein Walder Hayden PC both promoting longtime specialists to head their family law practice groups.
As generative AI platforms rapidly advance, law firms are hastening to develop policies that address ethical and legal concerns arising from the new technology — including the latest firm to jump into the fray, Hinshaw & Culbertson LLP. Here, Law360 Pulse talks with general counsel Steven Puiszis about Hinshaw's new policy and how it took shape.
Widespread access to generative artificial intelligence tools could help increase access to justice for low-income Americans, according to a new study that found these tools largely boosted productivity for legal aid lawyers.
An American Bar Association ethics opinion released Wednesday offers new guidance on when a lawyer's conflict of interest after meeting with a prospective client should be considered to impact the whole firm and how lawyers can try to avoid sparking that whole-firm conflict.
Amid concerns from the U.S. Chamber of Commerce about third-party litigation funding, including from potentially hostile foreign entities, state legislatures in Indiana and West Virginia have recently passed bills imposing restrictions on the practice.
U.S. Sen. Catherine Cortez Masto, D-Nevada, on Tuesday became the first Democrat to publicly say she cannot support Adeel Mangi, nominee for the Third Circuit, who would be the first Muslim federal appellate judge, if confirmed.
Female attorneys in leadership roles inspire other women to pursue similar opportunities in a male-dominated field, and for those who aspire to lead, prioritizing collaboration, inclusivity and integrity is key, says Kim Yelkin at Foley & Lardner.
Former Assistant U.S. Attorney Moira Penza, now at Wilkinson Stekloff, recalls the challenges of her first case as a civil defense attorney — a multibillion-dollar multidistrict class action against Allergan — and the lessons she learned about building rapport in the courtroom and with co-counsel.
Most legal professionals lack understanding of the macroeconomic trends unique to the legal industry, like the rising cost of law school and legal services, which contributes to an unfair and inaccessible justice system, so law school courses and continuing legal education requirements in this area are essential, says Bob Glaves at the Chicago Bar Foundation.
While the American Bar Association's recent amendments to its law school accreditation standards around student well-being could have gone further, legal industry employers have much to learn from the ABA's move and the well-being movement that continues to gain traction in law schools, says David Jaffe at the American University Washington College of Law.
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Ask A Mentor: How Do I Build Rapport In New In-House Role?Tim Parilla at LinkSquares explains how new in-house lawyers can start developing relationships with colleagues both within and outside their legal departments in order to expand their networks, build their brands and carve their paths to leadership positions.
Piper Hoffman and Will Lowrey at Animal Outlook lay out suggestions for attorneys to maximize the value of their pro bono efforts, from crafting engagement letters to balancing workloads — and they explain how these principles can foster a more rewarding engagement for both lawyers and nonprofits.
Lawyers can use LinkedIn to strengthen their thought leadership position, generate new business, explore career opportunities, and better position themselves and their firms in search results by writing a well-composed, optimized summary that demonstrates their knowledge and experience, says Guy Alvarez at Good2bSocial.
Imposter syndrome is rampant in the legal profession, especially among lawyers from underrepresented backgrounds, leading to missed opportunities and mental health issues — but firms can provide support in numerous ways, and attorneys can use therapeutic strategies to quiet their inner critic, says Helen Pamely at Rosling King.
In 2022, partners considering lateral moves have new priorities, and firms that hope to recruit top talent will need to communicate their strategy for growth, engage on hot issues like origination credit and diversity initiatives, and tailor their integration plans toward expanding partners’ client base, says Gloria Sandrino at Lateral Link.
Lawyers are experiencing burnout on a massive, unprecedented scale due to the pandemic, but law firms and institutional players can and should make a difference by focusing on small, practical solutions that protect their attorneys’ most precious personal resource and professional commodity — time, says Chad Sarchio, president of the District of Columbia Bar.
Technological shifts during the pandemic and beyond should force firms to rethink how legal secretaries can not only better support timekeepers but also participate in elevating client service, bifurcating the role into an administrative support position and a more elevated practice support role, says Lauren Chung at HBR Consulting.
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Ask A Mentor: How Can I Ace My Upcoming Annual Review?Jennifer Rakstad at White & Case highlights how associates can emphasize achievements and seek support before, during and after their annual review, despite the pandemic’s negative effects on face time with colleagues and business development opportunities.
In order to be perceived as prestigious by clients and potential recruits, law firms should take their branding efforts beyond designing visual identities and address six key imperatives to differentiate themselves — from identifying intangible core strengths to delivering on promises at every interaction, says Howard Breindel at DeSantis Breindel.
Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.
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Ask A Mentor: How Can I Successfully Switch Practices?Associates who pivot into new practice areas may find that along with the excitement of a fresh start comes some apprehension, but certain proactive steps can help tame anxiety and ensure attorneys successfully adapt to unfamiliar subjects, novel internal processes and different client deliverables, say Susan Berson and Hassan Shaikh at Mintz.