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As aging Baby Boomers fuel demand for estate planning work, a growing number of large law firms have recommitted to growing their private wealth practices. For the small boutiques and solo practitioners that have traditionally dominated the market, the new competition has made it difficult to recruit and retain talent, leaving many struggling to survive.
As universities face frozen funds, federal probes, and demands for change to diversity programs and curriculum, their general counsel face heightened pressure as they navigate school presidents and boards through the storm.
As aging Baby Boomers prepare to hand down trillions of dollars in assets to their children and grandchildren, some of the country's largest law firms have been bulking up their trusts and estates practices, turning frequently to small boutiques and solo practices to add attorneys to their ranks.
Last week, Match.com secured approval for a $30M settlement over its 2019 reverse spinoff from IAC, and Vice Chancellor Morgan T. Zurn urged decorum among Delaware lawyers, comparing recent legal turmoil to dark times in British monarchy history. Here's the latest from the Chancery Court.
While the president's recently renewed proposal to end quarterly reporting requirements for publicly traded U.S. companies could help reduce workloads for general counsel in theory, investor demand for more regular disclosures makes it unlikely that such a change would make a meaningful difference.
Susman Godfrey's representation of Encyclopedia Britannica and Merriam-Webster in an AI copyright suit and Foley Hoag's work on a Massachusetts energy project lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Sept. 5 to 19.
The legal industry marked the last official week of summer with attorneys taking on new roles at law departments and firms across the country. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Agnifilo Intrater LLP leads this week's edition of Law360 Legal Lions, after a New York judge threw out the top two charges against Luigi Mangione concerning allegations he killed UnitedHealthcare CEO Brian Thompson.
Some law firms are taking new steps to stop cyberattacks before they occur, including the use of threat hunting, increased automation and updated training to prepare staff for today's more sophisticated bad actors.
In a rare postscript to her bench ruling this week, a Delaware vice chancellor lamented what she observed as a breakdown in the state bar's civility and mutual respect over the past "annus horribilis," comments that have since drawn cautious support and resonance with several in the First State's legal community.
Delaware firm Morris James LLP on Thursday celebrated its move to a new headquarters in a 12-story building in north Wilmington, a relocation that firm leaders said is aimed at best meeting attorney and client needs and practicing law in a modernized setting.
Delaware Gov. Matt Meyer has nominated the assistant county attorney for New Castle County to serve as a judge on the Court of Common Pleas, a state court that handles less serious criminal and civil matters.
Companies are likely to increase their spending on litigation next year, some by over 10%, as legal disputes become more complex, more contentious and more high-stakes, according to a new report out Thursday.
Delaware's chief district judge, a Trump appointee, is seeking applications for the state's U.S. attorney position to prepare for an upcoming vacancy in the interim position, a move that drew the ire of Deputy U.S. Attorney General Todd Blanche on Wednesday.
A Delaware justice took aim at an argument she seemed to suggest wasn't fleshed out enough in appellate filings as a homebuilder's attorney urged the state Supreme Court on Wednesday to undo Gellert Seitz Busenkell & Brown LLC's win in a legal malpractice case.
Eckert Seamans Cherin & Mellott LLC announced Wednesday that it has appointed a new member-in-charge for its Washington, D.C., office and made changes to the leadership of four of the firm's practice groups.
State courts might be inclined not to implement generative artificial intelligence tools or to ban staff from using them to avoid hallucinations and privacy breaches, but that strategy could backfire, a panelist told a court technology conference Tuesday.
Most summer associates used generative artificial intelligence tools at their firms this year, but views on adoption were mixed. Students told Law360 Pulse the tools were useful for research and drafting, but voiced concerns over reliability, job loss and diminished writing skills.
Working as a summer associate is a rite of passage for many law students, and these training programs can boost aspiring attorneys' confidence in their career paths. Find out what students valued most and how they rated those experiences in a new survey from Law360 Pulse.
We asked this year's cohort about the most valuable lessons they learned during their summer associateship. Here's the advice they shared for those ready to jump into law firm life.
The federal government has urged the Third Circuit to reverse a district court ruling disqualifying acting U.S. Attorney Alina Habba from prosecuting two criminal cases in New Jersey after the clock allegedly ran out on her interim term, arguing that her appointment is valid and that the court erred in its interpretation of the statute.
Reed Smith LLP announced Monday that it has made changes to its department and practice group leadership, including the appointment of attorneys to lead its U.S. global commercial disputes practice group and co-lead its global litigation and dispute resolution department.
Kaplan Martin LLP leads this week's edition of Law360 Legal Lions, after the Second Circuit upheld an $83.3 million award against President Donald Trump for defaming writer E. Jean Carroll in 2019 in the wake of her sexual assault allegations, rejecting his claims of presidential immunity.
Larry J. Hoffman cared so much about the firm now known as Greenberg Traurig LLP that he wanted to remove himself from its name.
A BigLaw firm naming its next managing partner and the parent company of an NBA team hiring a new legal chief were among the industry's key moves this week. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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.
Series
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.
Series
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.
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.
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.
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.
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.
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.
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.
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.
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.