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New York Pulse
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Voir Dire: Law360 Pulse's Weekly Quiz
The first full week of May saw news of BigLaw firm group launches, lateral moves and partner promotions. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Morgan Lewis Hires 2 More Hunton Litigators
Morgan Lewis & Bockius LLP announced on Friday that it has hired two more attorneys from Hunton Andrews Kurth LLP to build up its litigation bench.
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Firm Sanctioned For Misleading Merchants In Swipe-Fee Case
A New York federal judge on Thursday sanctioned personal injury firm Betz & Baril PLC and its referral partner ClickFunds for misleading would-be class members in long-running antitrust litigation against Visa and Mastercard, ordering the firm and ClickFunds to notify clients about the misinformation.
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AI Native Firms Gain Foothold In Changing Legal Industry
"AI native" law firms are a growing phenomenon sitting at the intersection of artificial intelligence and rising tide of outside investment in the legal industry, aiming to use legal technology to automate work and overhaul the law firm business model — while doing away with the billable hour in the process.
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Broadfield Adds Corporate Partners From Sidley, Cooley In NY
Broadfield announced Thursday that two former BigLaw attorneys have joined the firm as partners in its U.S. corporate practice in New York.
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Hogan Lovells Cadwalader Logo Looks To History, Credibility
Last month, Hogan Lovells and Cadwalader Wickersham & Taft LLP pulled back the curtain on how their leaders are thinking about the firms' combination.
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Legal Startup Norm Ai Signs One World Trade Center Lease
Legal and compliance startup Norm Ai has signed a lease for 64,313 square feet at One World Trade Center in New York City, with the space also serving as the headquarters for its law firm offshoot Norm Law LLP, according to a recent announcement from the Durst Organization and the Port Authority of New York and New Jersey.
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Sports Platform Underdog Hires Legal Chief From Crypto.com
The former law chief at cryptocurrency exchange company Crypto.com has landed the chief legal officer role at Underdog, the fantasy betting website, as it expands its U.S. Commodity Futures Trading Commission‑regulated sports prediction markets.
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Toss Of Ex-Shkreli Atty's Deal May Be Error, 2nd Circ. Hints
A Second Circuit judge hinted Thursday that a trial judge may have erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from a potential $1 million "punitive tax event."
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Grunfeld Desiderio Adds Senior CBP Litigator As NY Partner
Grunfeld Desiderio Lebowitz Silverman & Klestadt LLP has added a top U.S. Customs and Border Protection lawyer as a partner in New York, the customs and international trade law firm has announced.
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Trump Wants Time For Justices To Review Carroll Verdict
President Donald Trump has asked the Second Circuit to delay enforcement of the $83.3 million verdict against him for defaming writer E. Jean Carroll while he appeals the appellate court's en banc refusal to rehear his appeal, noting that Carroll does not oppose the delay as long as he pays interest if it's upheld.
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DLA Piper Names 62 New Partners, Including 24 In US
DLA Piper announced Wednesday that 62 attorneys have joined its global partnership ranks, as of May 1, with the U.S. logging more promotions to partner than other regions, with 24 total.
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Which GCs Sold Stock In April? Venture Global And More
April showered some legal chiefs with stock sale profits, and Keith Larson at Venture Global soaked up $13.9 million last month. Meanwhile, Paul Mahon at United Therapeutics wiped up $9.5 million, and Chevron's R. Hewitt Pate reported earning $8.57 on his sales.
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McDermott Is Cutting Its Associate Ranks
McDermott Will & Schulte is downsizing its associate ranks less than a year after the firm was created via a combination of legacy firms McDermott Will & Emery and Schulte Roth & Zabel, the law firm confirmed Wednesday.
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Curiam Capital Atty Launches New IP Litigation Funding Firm
A former managing director at litigation funder Curiam Capital has launched his own boutique, focused on funding and underwriting for intellectual property litigation, he announced this week.
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Scarinci Hollenbeck Adds 4 Lawyers In NJ, NY Growth Push
Scarinci Hollenbeck LLC has announced a slate of attorney hires, with two partners, a counsel and a senior associate adding to its bench in bankruptcy, corporate transactions, litigation and other practice areas.
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Dilworth Paxson Hires Real Estate Trio From Commercial Firm
Midsize northeastern firm Dilworth Paxson LLP has announced it has hired three attorneys from corporate and commercial law firm Scarinci Hollenbeck LLC, saying their hires "[strengthen] the firm's capabilities in complex commercial real estate transactions, leasing, and related litigation."
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Feds Say Stolen BigLaw Deal Info Aided Huge Trading Scheme
Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.
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The Law School Legal Industry Job Tracker: Class Of 2025
Want to know which schools are sending the highest percentage of graduates to BigLaw? How big a slice are landing those prized clerkships in federal or state courts? Explore the ins and outs of law school graduate placement in our interactive graphic.
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The Top Law Schools For Legal Industry Jobs: A Data Review
A law degree can lead to careers across law firms, government, business and public interest, according to the latest ABA data. See which schools stand out for placing graduates in BigLaw, federal and state clerkships, public interest roles and more.
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Aiming For BigLaw? These Schools Deliver
Law school students continue to set their sights on law firm jobs post-graduation, with interest in BigLaw roles holding strong. Here's a look at how those preferences are playing out and which schools are sending the highest percentage of graduates directly to BigLaw.
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Cooley Launches Energy Group With Baker Botts Partner
Cooley LLP announced Wednesday that it is launching an infrastructure, energy and real estate group with a New York partner from Baker Botts LLP who advises on global energy and infrastructure projects.
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Firm Leaders Report Rising Rates Fueling Client Churn
While rate increases are the primary driver of law firm revenue, legal leaders also fear those price hikes are leading to client churn, according to a report released Wednesday by marketing technology platform Passle.
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Court Rule Changes Uncertain After Few Deepfake Challenges
Very few federal judges have handled challenges to audiovisual evidence that litigants claim has been faked by artificial intelligence, raising questions about whether changes to the rules of evidence are actually necessary.
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AY Strauss Merges With New Jersey Boutique, Adds 3 Attys
A.Y. Strauss has added a second New Jersey office and three attorneys to its roster after a recent merger with boutique firm Newman Simpson & Cohen LLP.
Expert Analysis
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Ask A Mentor: How Do I Help After Mental Health Leave?
Molly Ranns at the State Bar of Michigan suggests five ways to smooth a colleague's return to practice after short-term mental health leave, while creating a firm culture that protects employees’ emotional health.
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Tips For Attracting Stellar CLOs In A Competitive Landscape
Amid a rapidly changing regulatory environment and a fierce market for talent, companies hoping to attract the best chief legal officers must have a strong grasp of their roles’ biggest selling points, and any roadblocks that may prevent them from recruiting the strongest choice, says Heather Fine at Major Lindsey.
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'Golden Handcuffs' May Be A Double-Edge Sword For Firms
As law firms increasingly use certain financial incentives to retain partners in a fierce lateral market, managing partners should consider the pros and cons of various deferred compensation schemes, says Tom Hanlon at Buchanan Law.
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The 10-Min. Rule For Building A Business Development Habit
Many lawyers assume that becoming a rainmaker requires a significant investment of time and effort, but the truth is that building a consistent habit of business development can start with just 10 minutes of strategic outreach a day, says Paul Manuele at PR Manuele Consulting.
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5 Pointers For Firm Leaders Communicating Tough Decisions
Certain law firm decisions — such as whether to challenge an executive order — cannot be crowdsourced, but leadership can collaboratively communicate these choices using strategies that build trust, reinforce values and preserve cohesion, says John Hellerman at Hellerman Communications.
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Biz Development Tip Of The Month: Create A Succession Plan.jpg)
Conversations around retirement and succession can be understandably difficult, but when attorneys make a plan for the transition early and effectively, they have the opportunity to not only keep work but also increase it, says Jillian McKenna at Verrill Dana.
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Looking Under The Hood Of The $3,000 Billable Hour
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In recent years, top-tier law firms have pushed hourly rates to unprecedented heights, with some partners commanding $3,000 per hour — but this eye-popping number doesn’t tell the full story, as there are numerous caveats and rigorous winnowing along the way, says Christopher Seck at Squire Patton.
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How Law Firms Can Keep Nonequity Partners Happy
Law firms that successfully manage two-tiered partnership do so by creating a culture that treats everyone with respect and by establishing financial incentives outside their base compensation to reward performance, says Carol Morganstern at Major Lindsey.
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Biz Development Tip Of The Month: Leverage Your Atty Bio
If maintained properly, your firm bio can help attract potential clients and create authentic connections, so it's crucial to take steps to write an updated attorney profile that goes beyond a list of credentials, says Raychel Lean at Reputation Ink.
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Ask A Mentor: How Can I Promote Thoughtful Use Of AI?
Eran Kahana at Maslon discusses how partners can encourage responsible use of artificial intelligence tools within their firms by learning to spot pitfalls common to AI-generated work product and championing firmwide procedures and trainings that address the risks of uncritically relying on this powerful but imperfect technology.
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Making Legal Cents: Firm Culture Is The New Game Plan
Law firm culture is often dismissed as a soft factor — merely platitudes on a website that seem disconnected from the bottom line — but by intentionally embedding a strong culture into day-to-day operations, law firms can achieve sustainable success, says Shireen Hilal at Maior Strategic Consulting.
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5 Questions Firms Must Ask For Successful Lateral Integration
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
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Goldilocks Solution: Why The 4-Day Office Week Is Just Right
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
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As Attys Adopt Generative AI, 3 Elements Should Be Cardinal
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.