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Increasing demand and especially rising billing rates have made for a strong first nine months of 2025 for the legal industry, according to a report released Monday by Wells Fargo's Legal Specialty Group, with the top 50 firms by revenue seeing the best performance.
The merger announced Monday between British legal giant Ashurst LLP and American law firm Perkins Coie LLP is the latest in a spate of deals driven, in part, by an appetite among global firms to gain a strong presence in the U.S.
WilmerHale has hired a 24-year veteran of the U.S. Securities and Exchange Commission, who most recently was director of the agency's Division of Investment Management, to lead the firm's investment management practice.
Cameron W. Fox, chair of Paul Hastings LLP's traditional labor practice group and partner in its employment law department, persevered through a trial during the Palisades and Eaton fires in Los Angeles and secured a win for Levi Strauss & Co. in a discrimination case where the jury reached a unanimous verdict in less than 20 minutes, earning her a spot as one of the 2025 Law360 Employment MVPs.
This past year, Goodwin Procter LLP partner Jamie Fleckner led the way to several hard-fought wins for big-name clients in class actions brought under the Employee Retirement Income Security Act, earning him a spot as one of the 2025 Law360 Benefits MVPs.
John R. Prairie, a government contracts partner with Mayer Brown LLP, successfully challenged a $254 million other transaction agreement award issued by the Space Development Agency and represented an incumbent contractor in getting the U.S. Army to let it compete for a more than $10 billion contract, earning him a spot as one of the 2025 Law360 Government Contracts MVPs.
Isaac Wheeler of Sullivan & Cromwell LLP's tax practice advised RedBird Capital Partners on the Skydance and Paramount deal, helped xAI and X on a $113 billion transaction related to their merger and guided Tishman Speyer on its $3.5 billion refinancing of Rockefeller Center, earning him a spot as one of the 2025 Law360 Tax MVPs.
Mayer Brown LLP's Amanda Baker advised DailyPay as it completed a $200 million asset-backed securitization of a system that allows employers to provide access to pay outside the traditional two-week cycle, earning her a spot as one of the 2025 Law360 Complex Financial Instruments MVPs.
Brett Miller of Willkie Farr & Gallagher LLP represented the unsecured creditors' committees of leading Scandinavian airline SAS AB, Chilean telecom WOM SA, Brazilian airline Gol Linhas Aéreas Inteligentes SA and oil refiner Vertex Energy Inc., earning him a spot as one of the 2025 Law360 Bankruptcy MVPs.
Joel Kurtzberg of Cahill Gordon & Reindel LLP secured significant victories on behalf of companies like X Corp. and Grubhub in cases challenging state measures that address online speech, earning him a spot as one of the 2025 Law360 Technology MVPs.
David Allinson of Latham & Watkins LLP's private equity practice shepherded Blackstone's $7 billion sale of Hotwire Communications to Brookfield and represented CPP Investments in a $15 billion joint venture to expand hyperscale data centers in the U.S., earning him a spot as one of the 2025 Law360 Private Equity MVPs.
Quinn Emanuel Urquhart & Sullivan LLP's Philippe Pinsolle helped to secure a €14 billion ($16.2 billion) arbitral award for German energy company Uniper after Russian government-controlled natural gas giant Gazprom cut off gas deliveries in mid-2022, earning him a spot as one of the 2025 Law360 International Arbitration MVPs.
Audra Soloway, a co-chair of Paul Weiss Rifkind Wharton & Garrison LLP's securities litigation and enforcement group, secured several major class action dismissals for clients over the past year, including for Amazon and several of its executives in a suit over the pace of growth in the company's distribution network, earning her a spot as one of the 2025 Law360 Securities MVPs.
Desmarais LLP partner John Desmarais helped Apple beat a $360 million damages case and protected more than $400 million in damages for Ravgen Inc. in two of his eight trials last year, earning him a spot as one of the 2025 Law360 Intellectual Property MVPs.
As Coinbase's global head of litigation, Ryan VanGrack has advanced the crypto exchange's "fight for crypto" on multiple fronts — including getting the U.S. Securities and Exchange Commission and state regulators to drop enforcement actions and lodging suits demanding transparency on regulators' past treatment of crypto — earning him a spot as one of the 2025 Law360 Fintech MVPs.
Ropes & Gray LLP's Adrianne Ortega represented Walgreens Boots Alliance in a take-private action valued at up to $23.7 billion, and her work this year leading several healthcare clients through transformative transactions and helping them understand related complex regulatory issues has earned her a spot among the 2025 Law360 Healthcare MVPs.
Faegre Drinker Biddle & Reath LLP announced Monday that it has added the former chief information officer of Buchanan Ingersoll & Rooney PC to its C-suite as its chief technology and innovation officer.
The Law School Admission Council is continuing its push to toss a proposed class action accusing it of fixing application fees with its member schools, saying in a Pennsylvania federal court filing last week that the applicant's opposition to its dismissal motion "entirely fails to engage with the incoherence at the core of his case."
Maynard Nexsen PC announced Monday that it has added a former deputy counsel to Vice President J.D. Vance as managing shareholder of its Washington, D.C., office.
Pinsent Masons LLP's alternative legal services unit Vario said Monday that it has hired experienced law firm professional Jenny Grotepass to be head of client development for its managed legal services and consulting teams.
The U.K.'s Ashurst LLP and U.S.-based Perkins Coie LLP said Monday that they have agreed to merge to form a new firm with combined revenue of $2.7 billion, the latest in a string of transatlantic law firm tie-ups.
Lewis Brisbois Bisgaard & Smith LLP has brought on the former president and three other litigators from the now-shuttered Bullivant Houser Bailey PC in Portland, Oregon, after that firm saw a series of attorney departures to other firms before closing its doors earlier this month.
McDermott Will & Schulte's confirmation that it is considering taking investment from private equity is part of a wider wave of law firms of all sizes actively exploring the novel maneuver amid mixed opinion as to whether it makes sense for BigLaw.
The U.S. Supreme Court took on four cases this week, mulling a prison inmate's forced haircut, immunity for a private prison operator accused of forced labor, and what can be considered when weighing a prisoner's compassionate release. Here, Law360 Pulse takes a data-driven dive into the week that was at the high court.
Two attorneys who both spent more than a decade each with Hogan Lovells working on deals and complex financial transactions have moved their practices to Mayer Brown LLP's Washington, D.C., office, the firm has said.
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.
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.
Opinion
We 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.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?
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.
In order to attract and retain the rising millennial generation's star talent, law firms should break free of the annual review system and train lawyers of all seniority levels to solicit and share frequent and informal feedback, says Betsy Miller at Cohen Milstein.
Lawyers can take several steps to redress the lack of adequate LGBTQ representation on the bench and its devastating impact on litigants and counsel in the community, says Janice Grubin, co-chair of the Judiciary Committee at the LGBT Bar Association of Greater New York.
Krill Strategies’ Patrick Krill, who co-authored a new study that revealed alarming levels of stress, hazardous drinking and associated gender disparities among practicing attorneys, highlights how legal employers can confront the underlying risk factors as both warnings and opportunities in the post-COVID-19 era.