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Delaware Pulse
Lateral Hiring Softens In Q3 As Partner Moves Slow
Office Snapshot: Block & Leviton's New Delaware Digs
Cole Schotz Adds Potter Anderson Corporate Partner In Del.
Firms Add Nonequity Partners, And Many Aren't Happy
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Del. Justices Revive Margolis Edelstein Malpractice Suit
The full Delaware Supreme Court on Tuesday revived GMG Insurance Agency's malpractice suit claiming Margolis Edelstein's incompetence caused the insurer to have to settle a case for $1.2 million, saying there are still disputed facts about whether the law firm's representation fell below the requisite standards.
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Chancery OKs $9.75M In Atty Fees For SPAC Stock Drop Suits
Settlements and attorney fee rulings closed the book Tuesday on two GigCapital-related blank check deals that settled before trial in Delaware's Court of Chancery, with a vice chancellor approving combined public stockholder payouts and fee awards of $7.25 million and $2.5 million.
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Judge Security Data Reflects Policy Shifts As Much As Threats
Former employees of the U.S. Marshals Service say that while judicial security has never been more urgent, finding trends is nearly impossible: The way threats against federal judges are tracked has varied so much from year to year, the data is essentially meaningless.
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Polsinelli Taps Chief Of Staff As First Practice Strategy Leader
Polsinelli PC announced Monday that it promoted its chief of staff to serve as both its staff lead and as its first chief practice strategy officer, tasking her with managing how its practices work together to benefit clients and promoting innovation through strategies such as the use of artificial intelligence.
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More Law Firms Want To Merge, But Deals Aren't Skyrocketing
Law firm management consultants say they continue to see historic interest among law firms to engage in merger talks, driven further by a spate of big deals announced during the third quarter of the year, but the number of actual combinations inked has remained fairly steady, Law360 Pulse data shows.
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Law Firm Billing Rate Hikes Doubled In 2024
Billing rates for the top 100 law firms in the United States surged by 10% from 2023 to 2024, the largest rate hike in the past three years, according to a new research report on Tuesday.
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Legal Employers Say AI Is Affecting Hiring
A majority of legal industry employers say that artificial intelligence is changing the skill sets they look for in hiring, according to a report released Monday by business consulting firm Robert Half, with the report also finding that employers prefer to train existing employees than hire externally.
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In-House Teams Using More GenAI And Fewer Law Firms
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
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Navigating The Path To Equity: Tips For Nonequity Partners
The rapid growth of nonequity partners at major law firms has expanded career options for attorneys, but it also brings distinct challenges as many lawyers in these roles often face extended paths to equity partnership, unclear succession planning, and limited transparency around compensation.
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Outgoing NCSC Prez Talks Transparency, Checks & Balances
Mary McQueen, who is retiring after more than 20 years as president of the National Center for State Courts, joined Law360 Pulse for a conversation about transparency and safety in the courts and her legacy at the organization.
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White House Alum To Co-Lead Regulation At Lewis Brisbois
Lewis Brisbois Bisgaard & Smith LLP has tapped an attorney with deep experience across multiple government positions, including serving in the White House Office of Management and Budget, to co-chair its administrative law and regulatory practice.
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Law360 Pulse Spotlight On Mid-Law Work
Potter Anderson's representation of IBM in a patent suit and Vedder Price's work on $1 billion pair of drilling contracts lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Sept. 20 to Oct. 4.
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Legal Industry Jobs Creep Back Up After 4-Month Decline
After four straight months of employment declines, the U.S. Bureau of Labor Statistics' latest report shows positive signs for the legal industry.
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Law360's Legal Lions Of The Week
Kramer Levin Naftalis & Frankel LLP and Potter Anderson & Corroon LLP led this week's edition of Law360 Legal Lions after a Delaware federal jury decided on Sept. 27 that Amazon Web Services infringed two computer network patents that were once owned by Boeing, telling the tech giant to pay $30.5 million in damages.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry kicked off the first week of October with several partner promotions, lateral moves, law firm closures and mergers. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Del. Vice Chancellor Slams Fee Terms In Advancement Case
A Delaware vice chancellor balked Thursday at "success fee" terms in a fee advancement case that she suggested made the clients a "human shield" in litigation over attorney expenses in connection with a New Jersey legal malpractice case.
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12 Lawyers Who Are The Future Of The Supreme Court Bar
One attorney hasn't lost a single U.S. Supreme Court case she's argued, or even a single justice's vote. One attorney is perhaps "the preeminent SCOTUS advocate." And one may soon become U.S. solicitor general, despite acknowledging there are "judges out there who don't like me." All three are among a dozen lawyers in the vanguard of the Supreme Court bar's next generation, poised to follow in the footsteps of the bar's current icons.
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The 2024 Compensation Report: In-House
Law360 Pulse asked in-house counsel about their base pay, bonuses and other financial incentives, why they chose to work in-house and more. Find out how much they earn and whether working in-house lives up to the dream of a big paycheck and decent work-life balance.
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A Deep Dive Into In-House Counsel Pay
The total compensation packages for in-house counsel at different levels of the corporate ladder can vary widely, with especially large variations seen in bonus amounts and long-term incentives, according to a new Law360 Pulse report.
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To Go, Or Not To Go, To A Firm Directly From Law School
Most legal professionals historically have emphasized the need for young attorneys to gain firm experience immediately after law school. However, that thought is shifting, as more junior lawyers graduate and go directly to a corporate legal team — movement that could eventually take hold as the in-house legal department continues to rise in prominence within businesses.
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Here's How To Negotiate The Best Pay Packages For GCs
Not all general counsel can pull in a pay package that places them near the top 10 highest-paid in-house lawyers. But every top legal officer can use some pro tips on how to negotiate the best deal possible. Law360 Pulse asked several executive compensation experts to share their advice.
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Which GCs Sold Stock In Sept.? Coinbase, Alphabet And More
While the world of cryptocurrency has been a mixed bag for many investors, it has been very good to Paul Grewal, the chief legal officer of crypto exchange Coinbase Global Inc.
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Over 360 Firms Gain Mansfield Certification In Record Cohort
Diversity Lab on Wednesday announced the names of the record number of law firms that earned Mansfield Certification for the 2023 to 2024 period.
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The 2024 Compensation Report: General Counsel
Law360 Pulse looks at the pay of the best-compensated legal chiefs at S&P 500 companies. Find out who’s making the most and which law firms and schools have the most alumni in these high-profile posts.
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A Deep Dive Into Top GC Pay
Law360 Pulse looked beyond bare financials to see how business sectors, law firms and schools could influence the pay of top-earning GCs in S&P 500 companies. Here’s what we found.
Expert Analysis
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Series
My Nonpracticing Law Job: Law Firm Marketer
Liz Bard Lindley at Jaffe PR shares how she went from a family law associate who helped write industry articles to a savvy legal public relations and marketing professional, and offers takeaways for any attorney who might not feel at home in their law practice and is considering alternative career paths.
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The Case For Keeping The Gas On Deputy GC Compensation
In recent years, the deputy general counsel role has expanded and become increasingly vital in organizations across the globe, and companies should consider a few ways to retain this top talent, including by offering competitive compensation that reflects projected increases, says Heather Fine at Major Lindsey.
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Talking Mental Health: The View From Life After BigLaw
Life coach and author Wendy Tamis Robbins discusses why she left a career in BigLaw to work in the professional well-being space after finding freedom from anxiety, obsessive-compulsive disorder and substance use disorders, and highlights two changes the legal industry should implement to address attorneys' mental health.
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6 Essential Skills For Summer Associates To Land An Offer
Excerpt from Practical Guidance
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With full-time offer rates at the lowest point since 2012, summer associates must do all they can to distinguish themselves, starting with a few fundamentals — from the importance of asking clarifying questions to being honest about mistakes, says James Argionis at Cozen O'Connor.
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Making Legal Cents: How Law Firms Can Innovate Faster
To meet the demands of an evolving legal market and changing client expectations, law firms must not only embrace innovation, but also find ways to accelerate adoption and mitigate risks in an industry historically resistant to change, says Shireen Hilal at Maior Strategic Consulting.
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Ask A Mentor: How Should Departing Partners Approach Pay?
Sabina Lippman at CenterPeak discusses steps BigLaw partners can take when considering a move or announcing their departure to help navigate tricky compensation issues and remain on good terms with their current partners.
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How 2 Litigators Decided Dad Would Stay Home With The Kids
Jennifer Hoekstra at Aylstock Witkin shares the tough conversations about timing, goals, logistics and values involved in her family's decision that she would build her career as a litigator and law firm partner while her husband stepped back from his own litigation role to stay home with their children.
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Series
My Nonpracticing Law Job: Legal Commentary Ghostwriter
Wayne Pollock at Copo Strategies shares how he went from overworked Am Law 50 associate to owner of a legal thought leadership ghostwriting service, and provides four lessons for anyone who might be considering launching a business within the legal industry.
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Ask A Mentor: As Trials Grow Rarer, How Do I Hone My Skills?
Gary Parsons at Brooks Pierce offers advice for young lawyers seeking trial experience in an environment where fewer cases make it to trial, including how to build their reputations, set their expectations and pick the right firm.
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Talking Mental Health: Managing Depression As A Co. Founder
New Era ADR co-founder Collin Williams discusses his journey navigating a clinical depression diagnosis, how this experience affected his leadership style, and what the legal industry can do to better support attorneys with mental health conditions.
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Series
My Nonpracticing Law Job: Career And Wellness Coach
Tara Rhoades at The Sanity Plea shares how she went from BigLaw partner to legal industry career and wellness coach, and explains how attorneys can use their capabilities, knowledge and professional networks to pursue coaching themselves, or bring refreshed meaning and purpose to their current roles.
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Series
Talking Mental Health: Tackling Stress As A Practice Leader
Constance Rhebergen at Bracewell discusses how she handles the stress of being a practice chair, how sources of stress have changed in the legal industry over the past decade and what law firms can do to protect attorney mental health.
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Making Legal Cents: Engaging A Remote, Evolving Workforce
In the face of a dispersed and changing workforce with Generation Z entering the scene, law firms should consider some practical strategies to revitalize their cultures, provide meaningful mentorship and safeguard their knowledge bases, says Shireen Hilal at Maior Strategic Consulting.
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How Firms Can Effectively Evaluate Their Summer Associates
One of the most effective ways firms can ensure their summer associate programs are a success is by engaging in a timely and meaningful evaluation process and being intentional about when, how and by whom feedback should be provided, say Caroline Cimei and Erica Fine at Shutts & Bowen.
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Series
Talking Mental Health: Life As A Lawyer With OCD
Kelly Hughes at Ogletree discusses what she’s learned in the 14 years since she was diagnosed with obsessive-compulsive disorder, recounting how the experience shaped her law practice, what the legal industry and general public get wrong about the disorder, and how law firms can better support employees who have OCD.