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In-House
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Tesla's Risky Ride To Revive Musk's Multibillion-Dollar Pay
Tesla Inc. and its mercurial CEO Elon Musk are banking on a bold strategy to salvage his multibillion-dollar compensation plan, invoking a recently enacted corporate power to first patch Tesla's charter and then reincorporate in Texas, potentially triggering stockholder claims of fiduciary breaches and waste.
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Ex-Facebook GC Earns $7.1M In First Year As Etsy Legal Chief
Former Facebook general counsel Colin Stretch, who joined online marketplace and e-commerce website Etsy as chief legal officer in February 2023, earned around $7.1 million in total compensation last year, according to a recent U.S. Securities and Exchange Commission filing.
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Ex-Cozen O'Connor Atty Moves In-House To DraftKings
Cozen O'Connor's former co-chair of its state attorneys general practice has moved in-house to join major sports betting company and firm client DraftKings Inc. as its new chief responsible gaming officer.
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Hunton Hires Martin Marietta Assistant GC In San Francisco
Hunton Andrews Kurth LLP said Tuesday it is growing its environmental team by bringing in a land use and mining expert as a partner in the firm's San Francisco office from building supply company Martin Marietta Materials Inc., where he was assistant general counsel.
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Proxy Snapshot: Goldman Sachs Group Inc.
As a sign of the times, Goldman Sachs Group Inc. is facing shareholder resolutions questioning its policies on climate change risk, including one that suggests it is doing too much and others that imply it's doing too little. The resolutions will be voted on at the company's annual meeting Wednesday in Salt Lake City, Utah.
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Former Kraft GC Named Celanese's New Lead Board Director
Chemical maker Celanese Corp. has announced the appointment of Kim K.W. Rucker, formerly general counsel for Kraft Foods and Avon Products, as the lead independent director of its board.
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UnitedHealth CLO Saw Comp Drop To $6.4M Last Year
The top lawyer at UnitedHealth Group Inc. earned just over $6.4 million in 2023, down from the more than $11.3 million he saw the previous year when he was hired, the company said in a securities filing.
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Ex-Mary Kay CLO Says Firms Should Work As Co. Partners
Almost a month into her new role at Texas litigation firm Lynn Pinker Hurst & Schwegmann LLP, former Mary Kay chief legal officer Julia Simon shares more about her decision to rejoin private practice, and why when she was in-house she rehired outside counsel who viewed their role to be a partner.
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Aimbridge Hospitality Welcomes Ex-CLO Back To The Role
Texas-based Aimbridge Hospitality has found its new top attorney in a familiar face — its longtime former chief legal officer, who returns to the role following a short stint at another management company.
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Approach The Bench: Judge Rosenberg Fosters Young Talent
Soon after U.S. District Judge Robin Rosenberg of the Southern District of Florida began presiding over her first multidistrict litigation — a case alleging the heartburn medication Zantac caused cancer — she took a novel approach to selecting leadership on the plaintiffs' side.
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Veteran GC Joins Capstone Green Energy As It Rebuilds
The longtime general counsel for Jafra Cosmetics International Inc. has moved to Capstone Green Energy Holdings Inc., as the generator manufacturer pushes forward after filing for Chapter 11 protection in 2023.
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Legal Talent Platform Legal.io Opens NYC Office
In-house legal talent hiring platform Legal.io is opening an office in New York City to better serve existing and new clients in the area, the Silicon Valley-based company said Tuesday.
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Where Lawyers Stand On Generative AI Tools
Lawyers are approaching generative artificial intelligence with caution, despite its promised advantages, and the use of legal AI tools is only slowly catching on, according to a new survey.
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How Law Firms Can Create Winning Generative AI Policies
Relatively few firms are encouraging their lawyers to use generative AI, according to a new survey by Law360 Pulse, and many do not seem to have policies about AI use in place.
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What Lawyers Really Think Of AI
Most lawyers aren't worried about being replaced by robots, but they are broadly concerned about the accuracy and ethical implications of generative artificial intelligence, a new survey shows.
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Brownstein Ahead As Lobbying Shops Are Off To Strong Start
This year has opened with record first-quarter profits for some BigLaw lobbying practices in Washington, D.C., as clients focus on issues such as artificial intelligence regulation and taxes, new figures show.
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Former Norton Rose Atty Joins WildBrain As General Counsel
WildBrain Ltd., a Canada-based children and family entertainment company, has hired a former Norton Rose Fulbright attorney as its new general counsel.
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Law Firm Billing Rates Rose At 'Record Setting Pace'
Average law firm partner billing rates rose 5.4% in 2023, higher than any other year in the last decade, with the largest law firms hiking prices the most, according to a report released Tuesday by LexisNexis' CounselLink.
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Husch Blackwell Helping Lawyers Become In-House Counsel
In June, Husch Blackwell LLP is going to start training 25 of its lawyers on how to become successful in-house counsel, with the firm's new chair saying "it makes all the sense in the world."
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Unemployment Rate For Recent Law Grads Improves, ABA Finds
Fewer recent law school graduates were unemployed in March than in the previous year, as the negative effects of the COVID-19 pandemic further recede into memory, according to data released Monday by the American Bar Association.
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Asbury Automotive Group CLO Plans Retirement
The longtime top attorney for automotive retail and service company Asbury Automotive Group Inc. is retiring from the company after more than a decade as chief legal officer.
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Food Lion, Stop & Shop Parent Co. Promotes Atty To CLO
Ahold Delhaize USA, the parent company of grocery brands such as Food Lion, Stop & Shop and Hannaford, said Monday it has elevated one of its longtime in-house counsel to chief legal officer.
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Ex-Prosecutor, Venture Capital Pro To Leave Coinbase Board
A former federal prosecutor and venture capitalist is leaving the board of directors of cryptocurrency exchange platform Coinbase Global Inc., according to recent securities filings.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
Tesla is thumbing its nose at the Delaware Chancery Court by again asking its shareholders to approve a $55 billion pay package for Elon Musk — essentially the same pay package the court voided in January. And British telecom giant BT Group will reward two law firms for successful diversity and AI programs with automatic spots on its pared down legal panel. These are some of the stories in corporate legal news you may have missed in the past week.
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Atmus Filtration's Legal Chief To Depart
The legal chief and secretary for Nashville, Tennessee-based Atmus Filtration Technologies Inc. has resigned, according to a U.S. Securities and Exchange Commission filing on Friday.
Expert Analysis
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Law Firms Must Prioritize Mental Health In Internal Comms
The traditional structure of law firms, with their compartmentalization into silos, is an inherent challenge to mental wellness, so partners and senior lawyers should take steps to construct and disseminate internal action plans and encourage open dialogue, says Elizabeth Ortega at ECO Strategic Communications.
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Our Current Approach To Trial Advocacy Training Is Lacking
The key to trial advocacy is persuasion, but current training programs focus almost entirely on technique, making it imperative that lawyers are taught to be effective storytellers and to connect with their audiences, says Chris Arledge at Ellis George.
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How Women In Law Can Advance Toward Leadership Roles
Female attorneys in leadership roles inspire other women to pursue similar opportunities in a male-dominated field, and for those who aspire to lead, prioritizing collaboration, inclusivity and integrity is key, says Kim Yelkin at Foley & Lardner.
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The Case That Took Me From Prosecutor To Defense Attorney
Former Assistant U.S. Attorney Moira Penza, now at Wilkinson Stekloff, recalls the challenges of her first case as a civil defense attorney — a multibillion-dollar multidistrict class action against Allergan — and the lessons she learned about building rapport in the courtroom and with co-counsel.
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The Importance Of Legal Macroeconomics Education For Attys
Most legal professionals lack understanding of the macroeconomic trends unique to the legal industry, like the rising cost of law school and legal services, which contributes to an unfair and inaccessible justice system, so law school courses and continuing legal education requirements in this area are essential, says Bob Glaves at the Chicago Bar Foundation.
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What ABA Student Well-Being Standards Mean For Law Firms
While the American Bar Association's recent amendments to its law school accreditation standards around student well-being could have gone further, legal industry employers have much to learn from the ABA's move and the well-being movement that continues to gain traction in law schools, says David Jaffe at the American University Washington College of Law.
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Series
Ask A Mentor: How Do I Build Rapport In New In-House Role?
Tim Parilla at LinkSquares explains how new in-house lawyers can start developing relationships with colleagues both within and outside their legal departments in order to expand their networks, build their brands and carve their paths to leadership positions.
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What Attys Should Consider Before Taking On Pro Bono Work
Excerpt from Practical Guidance
Piper Hoffman and Will Lowrey at Animal Outlook lay out suggestions for attorneys to maximize the value of their pro bono efforts, from crafting engagement letters to balancing workloads — and they explain how these principles can foster a more rewarding engagement for both lawyers and nonprofits.
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Opinion
NY Bar Admission Criminal History Query Is Unjust, Illegal
New York should revise Question 26 on its bar admission application, because requiring students to disclose any prior interaction with the criminal justice system disproportionately affects people of color, who have a history of being overpoliced — and it violates several state laws, says Andrew Brown, president of the New York State Bar Association.
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7 Ways Attys Can Improve Their LinkedIn Summaries
Lawyers can use LinkedIn to strengthen their thought leadership position, generate new business, explore career opportunities, and better position themselves and their firms in search results by writing a well-composed, optimized summary that demonstrates their knowledge and experience, says Guy Alvarez at Good2bSocial.
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How Law Firms And Attys Can Combat Imposter Syndrome
Imposter syndrome is rampant in the legal profession, especially among lawyers from underrepresented backgrounds, leading to missed opportunities and mental health issues — but firms can provide support in numerous ways, and attorneys can use therapeutic strategies to quiet their inner critic, says Helen Pamely at Rosling King.
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The Law Firm Qualities Partners Seek In Lateral Moves
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In 2022, partners considering lateral moves have new priorities, and firms that hope to recruit top talent will need to communicate their strategy for growth, engage on hot issues like origination credit and diversity initiatives, and tailor their integration plans toward expanding partners’ client base, says Gloria Sandrino at Lateral Link.
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Small Steps Can Help Employers Beat Attorney Burnout
Lawyers are experiencing burnout on a massive, unprecedented scale due to the pandemic, but law firms and institutional players can and should make a difference by focusing on small, practical solutions that protect their attorneys’ most precious personal resource and professional commodity — time, says Chad Sarchio, president of the District of Columbia Bar.
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The Evolving Role Of The Law Firm Legal Secretary
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Technological shifts during the pandemic and beyond should force firms to rethink how legal secretaries can not only better support timekeepers but also participate in elevating client service, bifurcating the role into an administrative support position and a more elevated practice support role, says Lauren Chung at HBR Consulting.
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Series
Ask A Mentor: How Can I Ace My Upcoming Annual Review?.jpg)
Jennifer Rakstad at White & Case highlights how associates can emphasize achievements and seek support before, during and after their annual review, despite the pandemic’s negative effects on face time with colleagues and business development opportunities.