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Delaware Pulse
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And The Oscars' Legal Questions Go To ... John Quinn
When he was the general counsel to the Academy of Motion Picture Arts and Sciences, Quinn Emanuel founding partner John Quinn attended the Oscars dozens of times, and he did so with a copy of the broadcast network contract tucked into his tuxedo pocket.
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Equity Concerns Follow Mass Torts' March Into Bankruptcy
After decades of suffering and waiting, a group of more than 82,000 childhood sexual abuse survivors recently reached a $2.5 billion bankruptcy settlement with the Boy Scouts of America and related groups. Yet the survivors may once again be in suspense.
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GCs See Data Privacy, ESG As Growing Risk Areas For 2024
While regulatory compliance remains top of mind for chief legal officers, data privacy, and environmental, social and governance have entered the conversation as leading risks for legal department leaders, according to the results of a new survey.
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Latham Passes Skadden As Busiest Securities Defense Firm
Despite a downward trend in securities case filings over the past three years, Latham & Watkins LLP has remained one of the most active law firms on the defense side, taking over the top spot from Skadden Arps Slate Meagher & Flom LLP, according to reports released by Lex Machina.
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Epic Tesla Fee Bid May Blaze Extraordinary Chancery Path
An unprecedented $5 billion-plus stock-based fee award sought by class attorneys who recently short-circuited Tesla CEO Elon Musk's 12-step, $51 billion compensation package has set up an equally unprecedented test for Delaware Court of Chancery fee guidelines and a potential award one law expert described as "dynastic wealth."
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The Firms Charging Into Secondary Cities As BigLaw Retreats
While top-tier firms have recently tapered their migration to secondary legal markets, firm leaders and recruiters say these locations continue to hold appeal for midtier firms, citing advantages such as lower expenses and competitive billing rates.
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Where E-Discovery Generative AI Efforts Currently Stand
More e-discovery companies are announcing new capabilities that harness the power of generative artificial intelligence, but I'm hearing confusion among some law firm leaders about the immediate availability of the tools in a more crowded legal tech market.
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Terraform Says Creditors Sabotaging Dentons Retention
A Delaware bankruptcy judge on Tuesday allowed Terraform Labs unsecured creditors time to catch up on a dispute over the debtor's Denton's retention, a request Terraform dubbed "sabotage" of its defense in an upcoming $40 billion securities fraud trial.
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MG+M Opens In NJ, Adds 4-Atty Team From McElroy Deutsch
Manning Gross & Massenburg LLP announced Tuesday that it has launched an office in northern New Jersey and brought on a team of four attorneys who came aboard from McElroy Deutsch Mulvaney & Carpenter LLP.
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Tully Rinckey's Atty Contracts Offer Warning To Other Firms
The ongoing disciplinary case against the founders of Tully Rinckey PLLC over restrictions the firm placed on departing attorneys is an unusual one, but experts say it's still an important reminder for lawyers to be mindful of the ethical considerations of their employment agreements.
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Fish & Richardson Leader On Thriving During Pandemic
Fish & Richardson PC announced Monday that it had reelected president and CEO John Adkisson to a second term. Here, Adkisson talks to Law360 Pulse about navigating the firm through the pandemic with record profits and his goals for the next four years.
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The Most Notable Numbers For 2024 Mid-Law Promotions
Partnership promotions among Mid-Law firms ticked downward during the 2024 promotion cycle, with average class sizes falling below five partners, based on an analysis of announcements from mid-size and regional firms.
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Southeast, Michigan Highlight Mid-Law Partner Promotions
A survey by Law360 Pulse of Mid-Law partner promotion class announcements shows Southeastern markets like Alabama, Georgia and the Carolinas started 2024 with heavy growth, while Michigan-based firms saw a substantial increase from previous years.
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Number Of Women In Mid-Law Partner Classes Stays Stagnant
The percentage of female attorneys in this year's partnership classes among Mid-Law firms remained constant, with experts saying that although midsize and regional firms tend to do better than their BigLaw cousins, work remains to be done if firms are to reach gender parity among their partner ranks.
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$22M Deal Proposed In Golden Nugget-DraftKings Merger Suit
Golden Nugget Online Gaming Inc. and public stockholders who challenged the venture's $1.56 billion all-stock sale to DraftKings Inc. in Delaware's Court of Chancery have agreed to settle the case for $22 million, with up to 23% reserved for class attorneys.
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'Bright Line' Recusal Rule May Be Challenging To Fed. Judges
A new ethics opinion clarifying when federal judges should step aside from cases when they own stock in a party's parent company is a positive step toward transparency, but it also creates a lot of work for judges and may not have much practical impact, according to experts.
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Fish & Richardson Reelects CEO To 2nd Term
Global intellectual property law firm Fish & Richardson PC announced Monday that John Adkisson had been reelected to serve a second four-year term as president and CEO.
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Tesla Stock For Fees? Attys Who Got Musk's Pay Cut Say Yes
The lawyers who convinced the Delaware Chancery Court to scuttle Elon Musk's proposed $55 billion Tesla compensation package on Friday filed a request for legal fees that came with a twist — they want to be paid in Tesla stock that rounds out to about $5.6 billion.
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Law360's Legal Lions Of The Week
Susman Godfrey LLP and Truelove Law Firm lead this week's edition of Law360 Legal Lions after a Texas state jury awarded $287 million to Dutch telecommunications company Koninklijke KPN in a contract dispute with Samsung Electronics Co.
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Voir Dire: Law360 Pulse's Weekly Quiz
February ended with a bang as BigLaw made moves and the Supreme Court waded into former President Donald Trump’s legal woes. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
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Clerk Database Founder On Cruel Judges, Law School Inertia
This month, the Legal Accountability Project will launch an online clerkship database consisting of more than 800 reviews of state and federal judges. Access will be limited to law students undergoing the clerkship application process and seeking honest assessments of their would-be bosses.
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How Aspiring GCs Can Be Sure Their Comp Packages Are Fair
The beginning of proxy season is upon us, which means we can gain insight into compensation packages for public companies' legal chiefs. But how can lawyers, especially those stepping into their first general counsel role, be sure their own compensation is fair and reasonable?
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Troutman Pepper Launches Team To Address Cyberattacks
Troutman Pepper Hamilton Sanders LLP is addressing the threat to businesses from cyberattacks and data breaches with a new incidents and investigations team led by firm veterans on both sides of the country with deep expertise in data security and privacy issues.
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Chancery Rejects Leadership Bid Over Lack Of Del. Counsel
A Delaware vice chancellor has denied a three-firm leadership bid in stockholder litigation over alleged mismanagement at a medical clothing company because no First State attorneys were on the proposed lead counsel team.
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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.
Expert Analysis
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A Road Map For Creating Law Firm Sustainability Programs
Amid demands from clients and prospective hires for greater sustainability efforts, law firms should think beyond reusable mugs and create programs that incorporate clear leadership structures, emission tracking and reduction goals, and frameworks for reporting results, says Gayatri Joshi at the Law Firm Sustainability Network.
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Why Firms Should Help Associates Do More Pro Bono Work
Associates may hesitate to take on the added commitment of pro bono matters, but such work has tangible skill-building benefits, so firms should consider compensation and leadership strategies to encourage participation, says Rasmeet Chahil at Lowenstein Sandler.
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Confronting The Stigma Of Alcohol Abuse In Legal Industry
The pandemic has likely exacerbated the prevalence of problem drinking in the legal profession, making it critical for lawyers and educators to address alcohol abuse and the associated stigma through issue-specific education, supportive assistance and alcohol-free professional events, says Erica Grigg at the Texas Lawyers' Assistance Program.
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Opinion
Lawyers Have Duty To Push For Immigration Court Reform
Attorneys must use their collective voice to urge federal lawmakers to create an Article I immigration court outside executive branch control, helping address the conflicts of interest, political influence and lack of adjudication consistency that prevent migrants from achieving true justice, say Elia Diaz-Yaeger and Carlos Bollar at the Hispanic National Bar Association.
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Series
Ask A Mentor: How Can 1st-Year Attys Manage Remote Work?
First-year associates can have a hard time building relationships with colleagues, setting boundaries and prioritizing work-life balance in a remote work environment, so they must be sure to lean on their firms' support systems and practice good time management, say Jenny Lee and Christopher Fernandez at Kirkland.
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5 Ways To Lead Lawyer Teams Toward Better Mental Health
Attorney team leaders have a duty to attend to the mental well-being of their subordinates with intention, thought and candor — starting with ensuring their own mental health is in order, says Liam Montgomery at Williams & Connolly.
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How Your Summer Associate Events Can Convey Inclusivity
As law firms begin planning next year's summer associate events, they should carefully examine how choice of venue, activity, theme, attendees and formality can create feelings of exclusion for minority associates, and consider changing the status quo to create multiculturally inclusive events, says Sharon Jones at Jones Diversity.
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Series
Ask A Mentor: How Do I Negotiate Long-Term Flex Work?
Though the pandemic has shown the value of remote work, many firms are still reluctant to embrace flexible working arrangements when offices reopen, so attorneys should use several negotiating tactics to secure a long-term remote or hybrid work setup that also protects their potential for career advancement, says Elaine Spector at Harrity & Harrity.
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What I Wish Law Schools Taught Women About Legal Careers
Instead of spending an entire semester on 19th century hunting rights, I wish law schools would facilitate honest discussions about what it’s like to navigate life as an attorney, woman and mother, and offer lessons on business marketing that transcend golf outings and social mixers, says Daphne Delvaux at Gruenberg Law.
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4 Ways To Break Down Barriers For Women Of Color In Law
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Female lawyers belonging to minority groups continue to be paid less and promoted less than their male counterparts, so law firms and corporate legal departments must stop treating women as a monolithic group and create initiatives that address the unique barriers women of color face, say Daphne Turpin Forbes at Microsoft and Linda Chanow at the Institute for Inclusion in the Legal Profession.
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Opinion
We Need More Professional Diversity In The Federal Judiciary
With the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
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Series
Ask A Mentor: How Do I Retire Without Creating Chaos?
Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
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Why I Went From Litigator To Law Firm Diversity Officer
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
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For Asian American Lawyers, Good Mentorship Is Crucial
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
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Coping With Secondary Trauma From Pro Bono Work
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.