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It was a give-and-take week. A Michigan mortgage company claims to have accepted the nation's first cryptocurrency mortgage payment, and the U.S. Securities and Exchange Commission is re-proposing rules to claw back executive compensation. These are some stories in corporate legal news you may have missed in the past week.
Racist imagery from more than 100 years ago has persisted as painful stereotypes that impact not only society as a whole but also diversity and inclusion efforts in the law, according to speakers at a recent talk organized by the Institute for Inclusion in the Legal Profession.
T. Andrew Brown, president of the New York State Bar Association, has been appointed to lead the New York division of multistate cannabis operator Ascend Wellness Holdings, the company has announced.
The U.S. Securities and Exchange Commission on Thursday reopened the comment period on proposed rules requiring executives at publicly traded companies to pay back certain bonuses and other incentive-based compensation in the event of an accounting restatement, regardless of whether they were at fault.
The recent revelation that more than 130 federal judges didn't exit hundreds of cases involving companies in which they or a family member owned stock is triggering new interest in an elementary market solution: the mutual fund.
Lantern, an on-demand cannabis e-commerce marketplace that operates a home-delivery platform, announced changes to its leadership team on Wednesday, including promoting a former Greenberg Traurig LLP lawyer to be the company's general counsel.
Attorneys in major firms across the U.S. have been trying on a different professional hat in the last few years: podcast host.
Oral therapy company Vedanta Biosciences Inc. said on Thursday it has tapped the general counsel for biology research company Cell Signaling Technology Inc. to become its chief legal officer.
Legal technology startups usually experience growth on the way to an acquisition, but some companies fail to achieve positive return on investment, according to data compiled by analytics company Legalcomplex and given exclusively to Law360 Pulse.
A team of Freshfields Bruckhaus Deringer LLP attorneys recently shut down a suit that claimed 3M Co. failed to warn its shareholders about the costs of underlying "forever chemical" pollution litigation, after securing an ultra-rare writ of mandamus from the Third Circuit that approved a venue change for the potentially multibillion-dollar suit.
David Curran is looking beyond Paul Weiss Rifkind Wharton & Garrison LLP after just a year and a half managing its burgeoning sustainability and environmental, social and governance advisory practice.
Womble Bond Dickinson has tapped the former chair of Baker Donelson's government enforcement and investigations practice, who was previously the first general counsel for the U.S. Department of Homeland Security, as its white collar and investigations group leader, working in both Atlanta and Washington, D.C.
Chicago-based CoinFlip has tapped an ex-Morgan Stanley financial crimes intelligence executive and former assistant U.S. attorney as its compliance chief, a move that comes as the cryptocurrency industry ramps up compliance hiring amid increased scrutiny from the U.S. Department of Justice and financial regulators.
Legal department hires during September included high-profile appointments at T-Mobile and Microsoft Corp. Here, Law360 looks at some of the top in-house announcements from the past month.
The COVID-19 pandemic has left its mark on corporate lawyers, resulting in increased exhaustion that can develop into harmful consequences for both individuals and organizations, according to a new study.
Law firms, pushing to fill three times as many vacancies as a year ago, are trying to lure in-house counsel with more pay and perks, and a Federal Reserve official suggested that big banks may receive more regulatory guidance on dealing with climate risk.
Cannabis e-commerce and news site Leafly has announced it has hired as its new general counsel a former Simpson Thacher & Bartlett LLP and Duane Morris LLP attorney who was previously general counsel for Aria Energy.
The legal sector added 4,300 jobs for the second consecutive month in September, according to data released by the U.S. Department of Labor on Friday, as the industry continues to rebound from economic disruption caused by the COVID-19 pandemic.
Political campaigns are public endeavors by nature, and the New Jersey gubernatorial race is no different, but behind the scenes are teams of attorneys working to ensure their candidate comes out on top.
Companies that made racial and social justice commitments in 2020 are about to be asked by social activists to report back, predicts Michael Callahan, executive director of the Rock Center for Corporate Governance at the Stanford Law School.
The Federal Trade Commission recently laid out an enforcement approach it says is designed to stop parties from circumventing a certain filing requirement for planned mergers, brewing uncertainty among some antitrust attorneys about how significant a change will hit a hot practice area.
The compliance chiefs of FedEx Corp. and Cox Communications Inc. noted this week that investors, board members and regulators are demanding more information on corporate governance issues as global scandals, national security concerns and supply chain risks surge.
For the first time in nearly a decade, the amount of money being spent on litigation in the United States is outpacing the growth in cases, a new report shows.
If there is any uncertainty surrounding a client's ability to understand the case against them or their attorney's advice, that lawyer should err on the side of caution and hire a translator, an American Bar Association panel said in newly issued guidelines.
When it comes to implementing the proper legal technology software, coordinating with teams outside of the legal department, understanding stakeholders needs and ensuring the tools are not overly complex can all be key in making sure projects do not fail, several legal operations professionals said during a recent moderated discussion.
OpinionLawyers 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.
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.
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.
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.
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.
OpinionWe 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.
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.
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.
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.
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.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Amid pandemic-era shifts in education, law schools and other stakeholders should consider the wide geographic and demographic reach of Juris Doctor programs with both online and in-person learning options, and educators should think through the various ways hybrid programs can be structured, says Stephen Burnett at All Campus.
BigLaw has the unique opportunity to hit refresh post-pandemic and enhance attorney satisfaction by adopting practices that smaller firms naturally employ — including work assignment policies that can provide junior attorneys steady professional development, says Michelle Genet Bernstein at Mark Migdal.