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Investment in AI, including building firm-specific proprietary tools, is the latest front among top law firms to gain and maintain elite status. Law360 spoke with legal industry leaders about how firms can embrace AI innovation to keep their competitive edge.
In the intense competition of the legal sphere, firms have to make a constant effort to stand out from the crowd. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction.
BigLaw's record-setting revenue streak shows no sign of slowing. Here, we highlight the firms that reported more than $1 billion in gross revenue in the latest year.
A California federal judge Monday refused to let intellectual property attorney Bill Ramey off the hook for paying Netflix's attorney fees, attributing nearly $1.4 million to the Houston-based attorney's misconduct, including the concealment of the fact that his client didn't own a patent they accused Netflix of infringing.
Senior-level lawyers are leaving the corporate world to establish firms where they're strategic partners and trusted advisers to growth-stage companies. These fractional general counsel argue that their business model will grow in popularity amid artificial intelligence expansion that's changing legal services.
A new book of essays by women attorneys and executives at Becker & Poliakoff PC explores the value of resilience and the various ways they have overcome adversity in their personal and professional lives.
Cahill Gordon & Reindel LLP is giving out bonuses that range from $6,000 for the class of 2025 to $25,000 for the class of 2018.
A woman who accused Jay-Z of rape and sparked a yearlong legal battle between the rapper and prominent Texas plaintiffs attorney Tony Buzbee has recanted her testimony and accused Buzbee of pursuing litigation on her behalf without her knowledge and without verifying her testimony.
The U.S. Securities and Exchange Commission on Friday accused a Michigan tax lawyer of insider trading, alleging he told his brother and cousin about a planned but not-yet-announced merger between Y-mAbs Therapeutics Inc. and SERB Pharmaceuticals.
Kabat Chapman & Ozmer LLP has added a Seyfarth Shaw LLP partner to its Atlanta office, strengthening its labor and employment practice with an attorney who has more than a decade of experience guiding companies on business litigation and Employee Retirement Income Security Act litigation.
The U.S. legal education system could soon be plunged into disarray, after politics seemed to overshadow substance during an unusual hearing this week on whether to revoke an American Bar Association council's federal status as the primary accreditor of law schools, experts told Law360 Pulse.
O'Melveny & Myers LLP and Reed Smith LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit overturned a $140 million class verdict against CenturyLink, holding that the company had a reasonable interpretation of the Fair Credit Reporting Act.
An increasingly competitive marketplace for legal talent and attorneys moving their platforms frequently, recruiters say firms seem to be taking a more active role in monitoring their roster, relying more increasingly on digital monitoring to try and detect whether any of their attorneys are thinking about a possible lateral move.
Holland & Knight LLP over the past year has ramped up a practice around a once-unusual proposition: that investors would take a stake in law firms' businesses.
Arkansas' largest personal injury law firm is the latest legal entity to ink a deal to take private equity investment using Uplift Investors' associated management services organization.
BigLaw firms are turning over a new leaf and marking a busy start to autumn with a flurry of lateral moves this week. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A Florida state court judge convicted a plastic surgeon for the murder of an attorney who disappeared after walking into the restroom at his law offices and was then killed, although a body was never recovered.
In a rare move, Massumi & Consoli LLP announced on Thursday that it is taking private equity investment through a newly launched managed services organization.
Several law firms grew their geographic footprints in September, with Saul Ewing LLP expanding into Atlanta, Morgan & Morgan PA entering the Chicago market, and Maron Marvel Bradley Anderson & Tardy LLC opening a second New York location on Long Island.
As the Washington Supreme Court handed out the first approval earlier this month to a legal tech firm to practice law, architects of the program are hoping to learn from its predecessors' successes — and their mistakes.
A key U.S. Department of Education committee on Thursday declined to weigh in on whether an American Bar Association council should remain a federally recognized accreditor of law schools, a day after the panel deadlocked on different proposals over the hot-button issue.
A New Orleans-based law firm refused to honor a fee agreement with another attorney who was promised a 10% cut of attorney fees for his role in two multidistrict class action settlements totaling nearly $500 million, according to a new complaint in Pennsylvania federal court.
The Fourth Circuit balked late Wednesday at freeing Tom Goldstein from prison as he fights felony convictions, and it rejected fast-track review of the renowned appellate advocate's trial, indicating he'll likely spend substantial time behind bars even if his appeal succeeds.
A New York federal judge has reprimanded counsel for a writer in a failed copyright infringement lawsuit over the "Crave" book series, insisting the plaintiff answer all questions in a deposition over attorney fees and writing that she was "tired of this" and "indeed being jerked around."
A key U.S. Department of Education committee deadlocked Wednesday over whether the American Bar Association council responsible for approving law schools should continue as a federally recognized accreditor, tabling the issue until Thursday after different proposals failed to win majority support.
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.
Justice Ketanji Brown Jackson’s searing dissents this past term serve as a reminder for attorneys to analyze U.S. Supreme Court minority opinions in their thought leadership for three key reasons, says Jessica Kaplan at Legally Penned.
Mozart’s opera “The Magic Flute” offers a useful framework for attorneys to build relationships and develop new business, inspired by Prince Tamino’s curiosity, courage and consistency, says Paul Manuele at PR Manuele Consulting.