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Delaware Pulse
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Law Firms Upsizing M&A Teams For Expected Deals Rebound
With the deals market showing signs of recovery, law firms are once again actively hunting top corporate lawyers, especially those skilled in mergers and acquisitions and private equity, as they seek to get ahead of the anticipated uptick in transactional activity.
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Fed. Circ. OKs Judge Connolly's Fine Against IP Biz Owner
A precedential ruling from the Federal Circuit on Tuesday found that Delaware's top judge has the right to fine a Texas paralegal who is the sole owner of patent litigation outfit Backertop Licensing LLC $200 a day for refusing to show up in court as part of the judge's investigation into whether Backertop and others hid their connection to big-name intellectual property consulting firm IP Edge.
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The 2024 Diversity Snapshot: What You Need To Know
Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.
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The 2024 Diversity Snapshot
Check out our annual survey of diversity at U.S. law firms to see how they stack up against each other, how far they've come and how far they still have to go.
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The 2024 Diversity Snapshot: Representation in the Ranks
Attorneys of color now represent 27.6% of nonpartners at law firms, a new high-water mark for the industry. But progress has lagged higher up. Here's a more detailed look at the representation of minority attorneys at the associate and partner levels.
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The 2024 Diversity Snapshot: How Firms Stack Up
Data from Law360 Pulse's law firm survey reveals that while firms are continuing to diversify their attorney ranks, progress has slowed. Just 15.6% of firms top the benchmarks for the 2024 Diversity Snapshot ranking — a lower percentage than last year. Here’s the latest look at how diversity in law firms' headcounts compares with what it could be based on the potential marketplace of new hires.
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These Firms Have The Most Diverse Equity Partnerships
Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.
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Does Work-Life Balance Apply To BigLaw Partners?
Have initiatives and programs to address work-life balance reached the equity partnership, or is it still the exception in the legal industry?
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Many Attorneys Of Color Are Feeling Used
Many lawyers of color say they are included in their law firm's client pitches but are not assigned to the resulting work, pointing to some firms' "window dressing" approach to diversity and inclusion, according to a report reviewed by Law360 Pulse that will be released publicly on Tuesday.
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Firms Fall Short On Occupancy Goals Amid Downsizing Trend
U.S. law firms have been working to reduce the amount of office space allocated per attorney. Despite these efforts, a recent report by the real estate services company Savills Inc. found that the average square footage per attorney still remains higher than the occupancy ratios most firms aim for.
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Litigation Funder Wants Apple's Bid For Docs Moved To Calif.
A litigation funding company is urging a Delaware federal judge to transfer Apple Inc.'s bid for documents related to a patent dispute with Finnish company MPH Technologies Oy. to California federal court, saying the motion to compel should be adjudicated in the Golden State.
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Troutman Pepper, Locke Lord Eye Year-End Merger Closure
Merger talks between Troutman Pepper Hamilton Sanders LLP and Locke Lord LLP are progressing, with the deal on track for a late summer partner vote and a hoped-for year-end closure, according to sources close to the deal who spoke to Law360 Pulse on the condition of anonymity.
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Law360 Names 2024's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
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Firms See Stable Lateral Hiring, Corporate Rises In Q2
After a slower first quarter, lateral recruitment at law firms appeared to find more solid footing in the second quarter, with both associate and counsel hires showing signs of recovery from the previous quarter, according to recent data provided by legal data company Firm Prospects LLC.
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Paul Weiss Hopes To Stem Exits With New Partner Structure
Brad Karp, chairman of Paul Weiss Rifkind Wharton & Garrison, shared in a podcast published Thursday that the firm has followed a new two-track partnership compensation model as a means to combat retention issues plaguing similar firms.
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Law360 Pulse Spotlight On Mid-Law Work
Parsons Behle's work on a Salt Lake City renewable energy project and Schwabe Williamson's challenge to a federal mining permit lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from June 22 to July 12.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another action-packed week as attorneys took on new roles and law firms reshaped practices following the holiday. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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AI, Debt Keep Legal Tech Funding Afloat In 2024
Funding for legal technology companies totaled $2.422 billion in the first half of 2024, nearly matching the $2.443 billion in capital raised during the same period in 2023, a positive sign for the sector after years of declining investments.
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Inside The ABA Campaign To Count Lawyers With Disabilities
Robert Dinerstein, chair of the American Bar Association's Commission on Disability Rights, joined Law360 Pulse for an in-depth conversation about the organization's #BeCounted campaign
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Most Local Prosecutors Consider Leaving A Job They Love
Most district attorneys and the prosecutors in their offices take great pride in their work, but nearly 60% have recently considered leaving for better paying and less stressful jobs elsewhere, according to a new survey by the National District Attorneys Association that calls for "systemic changes" to stave off a potential exodus.
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In The Age Of AI, Attys Prepare To 'Live In The World Of Data'
The arrival of artificial intelligence in the legal profession means new use cases and obligations, but a few lawyers are still trying to trust this new technology, a panel of experts said Thursday.
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Del. Chancellor Brown Remembered For Legacy of Fairness
Grover C. Brown, a self-described "yokel from downstate" who was the top judge on Delaware's esteemed Chancery Court during the 1980s and died earlier this month at age 89, is being remembered as a giant in the First State's legal community who combined a sense of fairness with his "wry humor."
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Meet Del. Federal Court's Newest Magistrate Judge
The newest magistrate judge in Delaware's federal district court is a former law clerk to another judge in the courthouse, and also previously served as an intellectual property attorney at Morris Nichols Arsht & Tunnell LLP.
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Nike Wins Another Look At TM Atty Fees Ruling At 3rd Circ.
The Third Circuit on Wednesday undid a $5 million attorney fee award to a Pennsylvania clothing manufacturer that sued Nike Inc. for trademark infringement, ordering a federal trial court to look more closely at the specifics of the case to determine if the outcome was truly "exceptional."
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Margolis Edelstein Fights Bid To Revive Malpractice Suit
An attorney representing Margolis Edelstein told the Delaware Supreme Court on Wednesday that an insurer's malpractice suit against the law firm shouldn't be revived as the firm's purported negligence wasn't the reason the insurer settled an underlying dispute for $1.2 million.