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Lawyers are billing fewer hours, even as their rates soar, ushering in what appears to be a "new normal" for billable hours.
Wilson Sonsini Goodrich & Rosati PC announced Thursday it has hired a New York-based attorney, who is experienced with working on financial technology and consumer finance matters, following his nearly 17-year tenure at Dentons, where he most recently served as the lead partner for its U.S. distributed ledger technology group.
Gibson Dunn & Crutcher LLP has added a former Fried Frank Harris Shriver & Jacobson LLP partner who specializes in commercial leasing transactions to its real estate practice in New York.
Davis Wright Tremaine LLP announced that it has added two New York lawyers from Dechert LLP to its intellectual property and branding group, which the firm says has welcomed seven lateral partners in the past 18 months.
It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped navigate the company through a bankruptcy reorganization as well as guide it through the changing protocol to sell weight loss drugs.
A New York appeals court has unanimously affirmed a ruling granting the Guggenheim Foundation's bid to dismiss a Jewish family's claim to a famous Pablo Picasso painting they sold in 1930s Germany under duress, saying they waited too long to file their claim.
President Donald Trump urged a New York federal court to toss allegations of human rights violations in a discrimination lawsuit brought by a former aide claiming she was banished from his first incoming administration after she became pregnant.
Employment for the class of 2024 reached near-record levels, but graduates from underrepresented backgrounds were less likely to secure attorney positions or judicial clerkships, according to newly released data from the National Association for Law Placement.
Hinshaw & Culbertson LLP on Wednesday announced a new website and rebranding during what it calls a period of strong financial performance and growth.
A New York attorney has been cautioned that, in most cases, it is unethical to act as a relator in a qui tam False Claims Act suit against his former client, with new guidance warning against using information gained during representation to later bring such claims against former clients.
New York Attorney General Letitia James' criminal prosecution is unlikely to have any significant effect on the day-to-day operations of her office, including its suits against the federal government and an appeal in President Donald Trump's nearly $500 million civil fraud case, but former leaders of the office say it could strengthen the resolve of her staff.
Wilson Sonsini Goodrich & Rosati PC announced Wednesday that it has hired a former Katten Muchin Rosenman LLP attorney who advises clients in the energy, oil and gas, and metals sectors on the full lifecycle of financial transactions.
National benefits boutique Hall Benefits Law announced Wednesday that it is expanding to New York City with the hire of a former Greenberg & Kaplan LLP of counsel, calling the move a response to rising demand for counsel on the Employee Retirement Income Security Act, employee benefits and executive compensation.
The New York State Office of Court Administration may have to finally turn over a batch of "secret memos" that instruct state judges on how to interpret the law, the state's highest court ruled Tuesday.
More than four decades since Moritt Hock & Hamroff's chairman Marc L. Hamroff joined the firm when it was just him and two other lawyers, the firm reached 100 attorneys this summer — a milestone beyond his "wildest dreams."
More than a third of major public companies in a study cite AI as a risk factor in their annual financial filings, and 73% report they are aligning with external cybersecurity standards. Both numbers are significantly higher than last year.
A New York lawyer is facing state court claims alleging he scammed a Florida investor out of more than $2.5 million by "effectively running a Ponzi scheme" under the guise of a litigation finance investment.
A New York attorney on Tuesday denied ever having used artificial intelligence in his law practice and said the fake, AI-hallucinated cases cited in a motion to dismiss a case against his client were prepared by another attorney.
Belkin Burden Goldman LLP added a condominium and co-op expert to its bench, noting that the new partner has expertise in corporate governance, operations disputes and building management issues.
Debevoise & Plimpton LLP has hired a team of secondaries lawyers from Goodwin Procter LLP, including a partner who will co-chair the firm's private fund transactions group.
Check out our Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, attractiveness to attorneys and law students, ability to secure accolades and positive legal news media representation.
The law firm market has undergone unprecedented change in recent years, allowing for more upward mobility for some firms yet presenting risks for the longtime stalwarts of prestige. Here's how law firms navigate those shifting dynamics.
As BigLaw firms continue to post record-breaking revenues, we're highlighting the firms that reported more than $1 billion in gross revenue in the most recent calendar year.
Clients gravitate towards firms with sterling reputations, and so does exceptional legal talent. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction.
Ropes & Gray LLP has announced that it will stick to its unique one-tier partnership structure and is promoting 21 attorneys from four offices to partner as of Nov. 1.
The legal profession has a critical role to play in reducing attrition of women lawyers by addressing the disproportionate burden of the mental load — the often-unseen work of managing tasks and anticipating needs in both personal and professional realms, says Michelle Browning-Coughlin at Northern Kentucky University’s Chase College of Law.
To help ensure new partners and practice groups are successfully integrated, firms should embrace specific structured practices that recognize each lateral's distinct value, personalize their integration plans and proactively address transition complexities long after onboarding ends, say Elizabeth Kennedy at NewEdge BD and Erika Steinberg at CMO2Go.
By recalibrating how they structure and communicate their inclusion efforts, law firms can reduce legal exposure and preserve their values, says Angela Vallot at VallotKarp Consulting.
As the legal industry faces political turmoil and economic uncertainty, the time is ripe for firms to revisit their strategic plans, ensuring they contain a few essential elements — from accountability systems to broad-based input — to achieve sustainable growth and profitability, says Joe Calve at Calve Communications.
As fluency in artificial intelligence becomes a competitive imperative in the legal industry, the next generation of rainmakers likely won’t be defined by their Rolodexes or club memberships, but by their ability to leverage AI business development tools effectively, says Jessica Aries at By Aries.
Law students can use artificial intelligence tools strategically throughout the job application process to review materials, prepare for interviews and navigate employers’ use of similar tools, but there are several key missteps they should be careful to avoid, says Lauren Wong at University of San Diego School of Law.
Before landing a published quote, feature or interview, law firms should articulate the content’s purpose and develop a strategic plan for repurposing it to ensure they’re aligning public relations efforts with measurable business outcomes, says John Hellerman at Hellerman Communications.
Julie LaEace at Perkins Coie offers tips for attorneys acting as pro bono coordinators, including how to choose appropriate projects, how to encourage participation and why it is important to keep in touch with legal aid partner organizations.
Amid uncertainty in the legal job market, attorneys who are considering a transition to a leadership role must fundamentally reimagine their approach to value creation and develop a new set of skills, say Stacy Bratcher at Cottage Health and Michael Watkins at Genesis Advisers.
As the legal industry increasingly looks to impose responsive guardrails for artificial intelligence use, firms and organizations’ internal use policies, outside counsel guidelines and vendor contracts can address confidentiality and data retention concerns in several ways, say attorneys at KXT Law.
Firms can develop a strong pro bono culture without hiring dedicated professionals through strategies like demonstrating active involvement by leadership, tailoring volunteer tasks to individual professional development needs and building trusted partnerships within the legal aid community, says Stacy Zinken at Paladin.
Series
Biz Development Tip Of The Month: Extend Your Content's Life
Attorneys often limit the impact of their thought leadership by letting their content languish after initial publication, but through four easy strategies for retooling existing content, they can maximize its reach and further their business development goals, says Jillian McKenna at Verrill Dana.
As the student debt crisis evolves under changing federal policies, firms that proactively address the burden will have significant advantages in recruiting and retaining the best young lawyers, says Brian Kabateck at Kabateck.
Series
Talking Mental Health: Encouraging New Attys To Find Joy
Rudene Haynes at Hunton discusses her experiences as a hiring partner, common sources of stress that newer attorneys face and steps that law firms can take to protect their attorneys' mental health and encourage personal life fulfillment.
The incident response plan developed by the Florida Bar's cybersecurity and privacy committee might not seem all that consequential, but it's a long overdue framework that could go a long way toward protecting the highly sensitive data law firms handle — and could even set a model for other professional organizations to follow, says Chris Boehm at Zero Networks.