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In-House
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Law Firm Billing Rates Rose At 'Record Setting Pace'
Average law firm partner billing rates rose 5.4% in 2023, higher than any other year in the last decade, with the largest law firms hiking prices the most, according to a report released Tuesday by LexisNexis' CounselLink.
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Husch Blackwell Helping Lawyers Become In-House Counsel
In June, Husch Blackwell LLP is going to start training 25 of its lawyers on how to become successful in-house counsel, with the firm's new chair saying "it makes all the sense in the world."
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Unemployment Rate For Recent Law Grads Improves, ABA Finds
Fewer recent law school graduates were unemployed in March than in the previous year, as the negative effects of the COVID-19 pandemic further recede into memory, according to data released Monday by the American Bar Association.
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Asbury Automotive Group CLO Plans Retirement
The longtime top attorney for automotive retail and service company Asbury Automotive Group Inc. is retiring from the company after more than a decade as chief legal officer.
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Food Lion, Stop & Shop Parent Co. Promotes Atty To CLO
Ahold Delhaize USA, the parent company of grocery brands such as Food Lion, Stop & Shop and Hannaford, said Monday it has elevated one of its longtime in-house counsel to chief legal officer.
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Ex-Prosecutor, Venture Capital Pro To Leave Coinbase Board
A former federal prosecutor and venture capitalist is leaving the board of directors of cryptocurrency exchange platform Coinbase Global Inc., according to recent securities filings.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
Tesla is thumbing its nose at the Delaware Chancery Court by again asking its shareholders to approve a $55 billion pay package for Elon Musk — essentially the same pay package the court voided in January. And British telecom giant BT Group will reward two law firms for successful diversity and AI programs with automatic spots on its pared down legal panel. These are some of the stories in corporate legal news you may have missed in the past week.
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Atmus Filtration's Legal Chief To Depart
The legal chief and secretary for Nashville, Tennessee-based Atmus Filtration Technologies Inc. has resigned, according to a U.S. Securities and Exchange Commission filing on Friday.
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Emory University Recruits Red Ventures Atty As Next GC
Emory University has announced that Brad Slutsky, who has served in-house stints with several companies and also previously worked at King & Spalding for many years, will soon take over as its general counsel.
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Hinshaw Adds Liberty Mutual, Groelle & Salmon Attys In Fla.
Hinshaw & Culbertson LLP has brought on two new insurance litigation partners from Liberty Mutual Insurance and Groelle & Salmon PA who are experienced in both complex commercial litigation and first-party coverage matters to the firm's office in Fort Lauderdale, Florida.
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Netflix CLO's Comp Slightly Rose To Nearly $13.7M In 2023
The longtime legal chief at Netflix Inc. pulled in a yearly compensation package of almost $13.7 million in 2023, a slight uptick from the previous year due in large part to an increase in stock awards, according to a securities filing Thursday.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another busy week with more lateral hires, partner promotions, new practice group launches, in-house moves and the passing of a trailblazing former Connecticut Supreme Court chief justice. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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More GCs Champion Legal Operations Amid Tight Budgets
As in-house legal departments see increases in work and demand while dealing with persistent budget constraints, general counsel are looking to invest in technology and delegate more work to the legal operations role, a new survey found.
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NY Appeals Court Revives AI Firm CLO's Claim For Pay
In a significant ruling for executives and professionals, a New York state appeals court has reversed the dismissal of key claims in a former chief legal officer's lawsuit alleging he wasn't paid all wages owed after his employment ended at artificial intelligence company Amelia US LLC.
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Ex-Ant Group Counsel Joins Troutman Pepper In NY
Troutman Pepper Hamilton Sanders LLP has announced that a former in-house attorney at Alibaba financial services affiliate Ant Group joined the firm's corporate practice as counsel.
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'Barbie' Movie Helps Boost Mattel CLO's Pay Past $3M In 2023
In a self-described banner year for Mattel Inc., the toy and entertainment company's legal chief saw his 2023 compensation jump by more than $1 million over the previous year, thanks in part to the blockbuster "Barbie" movie, a recent securities filing showed.
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Former NetApp, Xerox Lawyer Joins McGuireWoods In NY
McGuireWoods LLP has hired the former in-house counsel of two Fortune 500 tech companies as a corporate technology and outsourcing team partner in New York, the firm said Thursday.
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Smith Gambrell Hires Ex-Jacksonville, Fla., Deputy GC
Smith Gambrell & Russell LLP has added a longtime deputy general counsel for the city of Jacksonville, Florida, as counsel within its real estate group and as the head of the Jacksonville office's government affairs practice.
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GXO Logistics CLO's Compensation Tops $2.4M In 2023
The top attorney for Connecticut-based GXO Logistics Inc. saw his salary package increase to over $2.4 million in 2023 as the company reported an all-time record in revenue, according to a recent securities filing.
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Why Are More BigLaw Firms Falling Prey To Cybercriminals?
BigLaw saw a significant uptick in reporting data breaches, while law firms of all sizes continue to be prime targets for cybercriminals, according to data compiled by Law360 Pulse via extensive public record requests.
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BT Group Cuts Legal Panel From 15 Law Firms To 11
BT Group said Thursday it had cut four law firms from its legal panel and added Clifford Chance LLP to the mix alongside fellow Magic Circle giants Freshfields Bruckhaus Deringer LLP and the soon-to-be A&O Shearman.
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Lowe's CLO Pulled In $12M In Compensation Last Year
The top lawyer at Lowe's saw a compensation package of more than $12.1 million in 2023, largely from stock awards and a bonus during her first year with the home improvement company, according to a securities filing on Thursday.
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SEC Has Careful Eye On Disclosures Amid Israel-Hamas War
Against the backdrop of protracted war, the U.S. securities watchdog is urging U.S.-listed Israeli companies to disclose more details describing how the Israel-Hamas conflict is affecting their operations in order to keep investors apprised of risks, lawyers say.
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This Atty Spent Decades In BigLaw. Now He's A GC.
Not even six months into leading the legal department at LegalBillReview.com, Brian Arbetter now understands misconceptions that law firm lawyers have about in-house counsel, and vice versa.
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Proxy Snapshot: L3Harris Technologies Inc.
Defense contractor L3Harris Technologies Inc. will hold a shareholder advisory vote Friday at its annual meeting on whether to offer greater transparency about its lobbying efforts.