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New York Pulse
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How GCs Can Leverage AI And Mitigate Risks
Experts at a cybersecurity summit for in-house counsel this week agreed that the best governance strategies for using artificial intelligence should balance the company's business and ethical culture with its tolerance for risk.
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MoFo Lands Goodwin Cyber Leaders For Privacy, Data Group
Morrison & Foerster announced Wednesday that it has hired five attorneys for its global privacy and data security group, including two partners who helped build and develop the cybersecurity practice at their prior firm.
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BigLaw Is Greater Part Of Litigation Funding Industry 'In Flux'
The litigation funding industry is entering an era of "consolidation" and "shakeout" after years of rapid growth, exemplified by the fact that BigLaw firms made up a bigger slice of the industry's customer base than ever last year, even as the total value of new deals fell, according to a new report.
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2nd Circ. Won't Revive Ex-NY Law Clerk's Harassment Suit
The Second Circuit Wednesday agreed with a New York federal district court's dismissal of a suit brought by a former New York law clerk accusing the state's judicial system of covering for a judge she says sexually harassed her, holding that it lacked jurisdiction to hear the appeal.
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Mitchell Silberberg Names DEI, Talent Development Director
Mitchell Silberberg & Knupp LLP announced Tuesday that it has appointed an experienced civil rights attorney and diversity, equity and inclusion consultant as the firm's first director of DEI and talent development.
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Lateral Hiring Plummets As Post-COVID Talent Wars Cease
Lateral lawyer hiring plummeted 35% overall in 2023 — marking the second consecutive annual decline and the softest market in 13 years, according to a report released Wednesday by the National Association for Law Placement.
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Smith Gambrell Sued For Keeping $4.6M In Real Estate Row
Several business entities involved in the failed purchase of a Brooklyn development property contend that Smith Gambrell & Russell LLP is unlawfully refusing to release more than $4.6 million that the firm is holding in escrow, according to a complaint filed in New York state court.
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Colgate-Palmolive Legal Chief's Compensation Rises To $4.2M
Colgate-Palmolive's legal chief, who has been with the consumer products company for a decade, earned more than $4.2 million in total compensation in 2023, up slightly from the previous year, according to a securities filing Wednesday.
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Linklaters Hits Diversity Goals With Pared Back Partner Class
Linklaters LLP has hit its diversity targets with the elections of 27 lawyers to its partnership, despite elevating a third fewer lawyers than it did in 2023.
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Ex-SDNY Clerk Can't Skirt Prison For Bribe Plot, Feds Say
Federal prosecutors in the Southern District of New York pushed back on a former court clerk's request for no prison time after he was convicted of scheming to refer clients to a defense attorney for kickbacks, calling for a sentence of 41 to 51 months.
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BCLP Adds Ex-Nelson Mullins Outsourcing Pro To NY Office
Bryan Cave Leighton Paisner LLP on Tuesday announced the addition of the former digital transformation and outsourcing chair at Nelson Mullins Riley & Scarborough LLP, touting her skills in those areas.
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How Senior Associates Can Build Their Books Of Business
As associates grow into their positions, there can come a point at which they realize that mastering the art of the legal brief or the deposition is not enough: They also need to learn how to attract and retain clients.
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Columbia Beats Bulk Of Students' Ranking Stats Suit, For Now
A New York federal judge on Tuesday largely threw out Columbia University students' proposed class action claiming the institution intentionally gave inaccurate data to U.S. News & World Report, but he also gave some of the former student plaintiffs the chance to tweak their complaint.
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Meridian Capital Taps Former Top Regulator As New CEO
Meridian Capital Group announced Tuesday that it has appointed top banking executive and former financial regulator Brian Brooks as its CEO and chairman amid a breakdown in the firm's relationship with Freddie Mac.
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Trailblazing SEC Commissioner Roberta Karmel Dies At 86
Roberta Karmel, a well-regarded legal scholar who pushed back against early-career sexism to become the U.S. Securities and Exchange Commission's first female commissioner, died over the weekend at the age of 86, according to the law school where she taught for decades.
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Judge Declines 'Mini-Trial' Over Fees In 'Reply All' TM Suit
A federal magistrate judge in Brooklyn has awarded nearly $1.1 million in legal fees to Spotify's Gimlet Media while calling out "the extensive finger-pointing and mutual accusations" from a software company and its lawyers over who owes fees after bringing a failed trademark suit targeting the "Reply All" podcast.
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Trump Hit With Gag Order In NY Criminal Trial After Threats
The New York judge overseeing Donald Trump's hush money case on Tuesday imposed a limited gag order on the former president, barring him from speaking publicly about jurors or witnesses and limiting what he can say about any attorneys in the case, prosecutors, court staff or their families.
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NYC Atty, Former Client Team Up To Launch Civil Rights Firm
After working together in an attorney-client capacity in a “revenge porn” lawsuit in New York City, Aurore DeCarlo and Annie Seifullah eventually became law partners at C.A. Goldberg PLLC. Now they’re hanging their own shingle – Incendii Law – to focus on the kinds of cases that first brought them together.
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Pierson Ferdinand Lands Global Dispute Attys
Pierson Ferdinand LLP, the breakaway law firm launched by former FisherBroyles LLP attorneys, has picked up a pair of partners experienced in international disputes who will be based in New York, Washington, D.C., and Miami.
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Ex-Worthington Steel Legal Chief Named Corning's New GC
New York-based glass and ceramic company Corning announced that the former legal chief at Worthington Steel has been named its new general counsel and senior vice president.
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Menendez Says Corruption Case Still Wrongly Placed In NY
U.S. Sen. Robert Menendez has told a Manhattan federal judge that prosecutors' latest iteration of his corruption indictment doesn't resolve legal deficiencies that plagued previous ones, including a flimsy connection to the Southern District of New York.
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Proxy Snapshot: Bank Of New York Mellon
The Bank of New York Mellon Corp. has filed its 128-page proxy statement with the U.S. Securities and Exchange Commission in preparation for its 2024 annual meeting. The meeting will be held at 9 a.m. April 9 at 240 Greenwich St. in New York City.
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Legal Aid Union Fights Subpoena Over Palestine Resolution
The New York Civil Liberties Union on Monday backed the Association of Legal Aid Attorneys in its fight against a subpoena from the U.S. House Committee on Education and the Workforce following the union's adoption of a resolution in support of the Palestinian cause.
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NY Lawyer Disbarred As Result Of $1.2M Theft Conviction
A New York appeals court on Tuesday disbarred former Gordon & Silber partner Arthur Cohen, who was sentenced to prison in October for siphoning about $1.2 million from the now-defunct law firm.
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Approach The Bench: Justice Stewart Blasts Partisan Races
Ohio Supreme Court Justice Melody Stewart has some choice words for a colleague who chose to challenge her reelection bid rather than run for the seat he occupies now.