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BigLaw firms are almost certainly looking to ward off drooping profits this year as demand slackens and expenses increase following a series of associate raises. How will they do it? More likely than not by increasing the cost of their services.
Law firm partner billing rates across the industry rose 3.4% on average last year relative to 2020, driven by an even steeper increase in rates among large law firms and mergers and acquisitions work, according to a report released Wednesday.
Ten years ago regulators' expectations of compliance programs were clear, but today those expectations are constantly changing, and in-house compliance programs must evolve with them, a panel of experts said Tuesday.
An Ionis Pharmaceuticals Inc. investor is urging a Delaware vice chancellor to consider his bid to consolidate two suits and have his counsel lead litigation filed over allegedly excessive company director pay, arguing that the request should be considered even though a settlement is already pending in one of the suits.
A 10-year-old transgender girl and her mother sued the Indianapolis public schools in May claiming that a new state law barring the girl from playing school sports violates their constitutional rights.
San Francisco-based corporate partner Eric McCrath will succeed Larren Nashelsky as the chair of Morrison & Foerster LLP on October 3. Here, McCrath talked with Law360 Pulse about the firm's growth, his goals for the firm, and how he plans to further the firm's commitment to diversity and inclusion.
About 82% of attorneys reported that they are satisfied with their overall legal careers three years after they graduated from law school, a tick down from last year's finding of 85%, according to a report released Monday from the National Association for Law Placement.
Fewer than one of every five nations has regulations either on a government level or in their bar associations that include anti-bullying and anti-sexual harassment provisions to protect attorneys, according to two reports released Monday by the International Bar Association.
Online attorney biographies and similar marketing material pose "dangerous" cybersecurity risks to law firms and their clients by making phishing attacks, wire fraud and hacking easier, experts say.
The U.S. Supreme Court's decision to allow states to ban abortions — fraught with all the raw emotions attached to this issue — is also fraught with a multitude of legal risks for general counsel and their companies, ranging from possible criminal prosecution to civil suits to high-pressure proxy fights over political spending.
A growing number of law firms are offering to cover the costs of out-of-state reproductive care for their employees in the wake of last week's U.S. Supreme Court ruling overturning Roe v. Wade.
Delaware's Court of Chancery on Friday ordered digital health company UpHealth Inc. to postpone its June 28 annual stockholder meeting, finding that the board's recent changes to quorum requirements were made with intent to interfere with a majority of stockholders' rights.
As other conservative U.S. Supreme Court justices sought to blunt a political firestorm by emphasizing that their decision to overturn women's constitutional abortion rights on Friday was not an attack on other rights, like those protecting birth control and same-sex couples, Justice Clarence Thomas made it clear that the door should be wide open.
Delving into the sources of bias against women, several female legal chiefs explored how literature, myths and their own experiences have shaped their roles in the legal profession in a webinar on Thursday.
Former XFL Commissioner Oliver Luck and the football league founder and World Wrestling Entertainment Inc. CEO Vince McMahon have mutually agreed to drop a lawsuit over Luck's pay after his firing in 2020.
Kirkland & Ellis LLP's decision to shun Second Amendment cases, and by extension famed appellate lawyer Paul Clement, appears to be the latest example of how client selection has become an increasingly important strategy for law firms when it comes to honing their brand.
The U.S. Supreme Court continued to rock the legal world this week, with rulings overturning the constitutional abortion right established nearly 50 years ago in Roe v. Wade, striking down a longtime New York gun law and more. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
The U.S. Supreme Court on Friday upheld a Mississippi abortion ban and overturned the constitutional abortion right established nearly 50 years ago in Roe v. Wade, setting the stage for a widespread rollback of abortion rights in many statehouses around the country.
Professional services and research firm Seramount announced on Thursday the results of its latest Best Law Firms for Women survey, touting the firms that earned spots on its 2022 list.
Amid a more challenging market for the recruitment of information technology talent, some BigLaw firms have found themselves at the short end of the stick.
As the legal industry has placed increased focus on diversity in recent years, many firms have promoted not only efforts for more racial and ethnic diversity, but also diversity of gender identity and sexual orientation. This Pride Month, Law360 Pulse spoke to LGBTQ attorneys and staff at Mid-Law firms about how things stand regarding LGBTQ inclusion in this part of the industry.
A Block & Leviton LLP partner was confirmed Wednesday by Delaware's state Senate to be the next vice chancellor on the nationally important Chancery Court.
As law firms have come to embrace storing data in the cloud since the COVID-19 pandemic normalized remote working, some firms are choosing to continue keeping data on in-house office servers.
Many attorneys in public service jobs have seen their median salaries rise faster in the past four years than in the preceding decade and a half, according to a study released Wednesday by the National Association for Law Placement.
Law firms are making up for the COVID-19-driven decline in law school graduate hiring, exceeding numbers in 2021 from the last pre-pandemic year, a report released Wednesday by legal services provider Leopard Solutions says.
In uncertain and challenging times, law firm leaders can build and sustain culture by focusing attention on mission, values and leadership development, and applying a growth mindset across their firms, says Scott Westfahl at Harvard Law.
Robert Keeling at Sidley reflects on leading discovery in the litigation that followed the historic $85 billion AT&T-Time Warner merger and how the case highlighted the importance of having a strategic e-discovery plan in place.
OpinionCLE Accreditation Should Be Tied To Learning Outcomes
Given the substantial time and money lawyers put toward mandatory continuing legal education, CLE regulators and providers should be held to accreditation standards that assess learning outcomes, similar to those imposed on law schools and continuing medical education providers, says Rima Sirota at Georgetown Law.
While many lawyers still believe that a manual, document-by-document review is the best approach to privilege logging, certain artificial intelligence tools can bolster the traditional review process and make this aspect of electronic document review more efficient, more accurate and less costly, say Laura Riff and Michelle Six at Kirkland.
Robert Dubose at Alexander Dubose describes several categories of visuals attorneys can use to make written arguments easier to understand or more persuasive, and provides tips for lawyers unused to working with anything but text.
There are major differences between BigLaw and Mid-Law summer associate programs, and each approach can learn something from the other in terms of structure and scheduling, the on-the-job learning opportunities provided, and the social experiences offered, says Anna Tison at Brooks Pierce.
David Kouba at Arnold & Porter discusses how attorneys can prioritize mental health leave and vacation despite work-related barriers to taking time off.
The traditional structure of law firms, with their compartmentalization into silos, is an inherent challenge to mental wellness, so partners and senior lawyers should take steps to construct and disseminate internal action plans and encourage open dialogue, says Elizabeth Ortega at ECO Strategic Communications.
The key to trial advocacy is persuasion, but current training programs focus almost entirely on technique, making it imperative that lawyers are taught to be effective storytellers and to connect with their audiences, says Chris Arledge at Ellis George.
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.
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.