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A Delaware Court of Chancery judge at a Wednesday hearing gave Left Coast Ventures Inc. time to fulfill a court order requiring it to cover legal fees for three former directors of the cannabis company defending a merger-related suit, after a company attorney told the judge the money will be coming.
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.
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.
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.
Three former directors of Left Coast Ventures Inc. say the cannabis company still hasn't advanced their legal defense fees for a merger-related lawsuit despite a court order to do so, and are now seeking help from Delaware's Court of Chancery to get the bills paid.
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.
Womble Bond Dickinson has appointed Jeff Whittle, managing partner of the firm's Houston office, to a two-year term on the firm's global board, which is responsible for ensuring that the firm's U.S. and U.K. operations work smoothly together.
The Third Circuit refused Monday to reconsider a ruling that found AbbVie was unable to show a lower court went against precedent or made errors when ordering the drugmaker to turn over attorney communications from a patent case allegedly meant to delay an AndroGel rival.
In addition to cost and usability, law firms are adding generative artificial intelligence to the checklist of things to consider when evaluating current and new e-discovery platforms.
Some women attorneys say makeup helps them feel more polished and confident at work, but they acknowledge that the desire to express themselves this way is often dictated by the legal industry's idea of what's appropriate, forcing them to navigate ever-shifting expectations in a field once shaped by men.
Several federal judges have issued standing orders blocking or putting guidelines on the use of artificial intelligence over accuracy issues with the technology, but a few legal scholars have raised concerns that the orders might discourage attorneys and self-represented litigants from using AI.
Weil Gotshal & Manges LLP leads this week's edition of Law360 Legal Lions, after a Second Circuit panel rejected what it characterized as a lower court's "new standard" for so-called patent monopolies.
The legal industry began spring with a busy week of BigLaw moves as firms expanded practices and shifted headcounts. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Invasive advance-notice bylaws that some observers say make shareholder board nominations as intrusive as a "colonoscopy" are reviving old questions in Delaware courts about how far boards can go to protect themselves against shareholder activism.
The Delaware bankruptcy court overseeing the Chapter 11 case of FTX Trading Ltd. has approved the appointment of a former federal prosecutor, whose experience includes work on the Unabomber case, to delve into accusations Sullivan & Cromwell is conflicted as debtor's counsel.
President Joe Biden is encountering new hurdles to placing his judicial nominees on the bench, particularly one who would be the first Muslim federal appellate judge if confirmed.
Richards Layton & Finger PA attorneys are representing the former CEO of Donald Trump-tied Digital World Acquisition Corp. in the ex-executive's Delaware Chancery Court suit seeking to have the venture pay his legal costs related to federal probes and litigation in multiple states.
Reed Smith LLP is reportedly raising associate salaries in a range similar to those first announced by Milbank LLP last November, with an associate's place on the scale depending on their billable hours.
Fox Rothschild LLP recently moved its Delaware office to a new and upgraded space in Wilmington not far from its former location.
New Jersey's family law bar gained new faces in leadership this week with Chiesa Shahinian & Giantomasi PC and Pashman Stein Walder Hayden PC both promoting longtime specialists to head their family law practice groups.
As generative AI platforms rapidly advance, law firms are hastening to develop policies that address ethical and legal concerns arising from the new technology — including the latest firm to jump into the fray, Hinshaw & Culbertson LLP. Here, Law360 Pulse talks with general counsel Steven Puiszis about Hinshaw's new policy and how it took shape.
Widespread access to generative artificial intelligence tools could help increase access to justice for low-income Americans, according to a new study that found these tools largely boosted productivity for legal aid lawyers.
An American Bar Association ethics opinion released Wednesday offers new guidance on when a lawyer's conflict of interest after meeting with a prospective client should be considered to impact the whole firm and how lawyers can try to avoid sparking that whole-firm conflict.
Amid concerns from the U.S. Chamber of Commerce about third-party litigation funding, including from potentially hostile foreign entities, state legislatures in Indiana and West Virginia have recently passed bills imposing restrictions on the practice.
U.S. Sen. Catherine Cortez Masto, D-Nevada, on Tuesday became the first Democrat to publicly say she cannot support Adeel Mangi, nominee for the Third Circuit, who would be the first Muslim federal appellate judge, if confirmed.
Amid demands from clients and prospective hires for greater sustainability efforts, law firms should think beyond reusable mugs and create programs that incorporate clear leadership structures, emission tracking and reduction goals, and frameworks for reporting results, says Gayatri Joshi at the Law Firm Sustainability Network.
Associates may hesitate to take on the added commitment of pro bono matters, but such work has tangible skill-building benefits, so firms should consider compensation and leadership strategies to encourage participation, says Rasmeet Chahil at Lowenstein Sandler.
The pandemic has likely exacerbated the prevalence of problem drinking in the legal profession, making it critical for lawyers and educators to address alcohol abuse and the associated stigma through issue-specific education, supportive assistance and alcohol-free professional events, says Erica Grigg at the Texas Lawyers' Assistance Program.
Opinion
Lawyers Have Duty To Push For Immigration Court ReformAttorneys must use their collective voice to urge federal lawmakers to create an Article I immigration court outside executive branch control, helping address the conflicts of interest, political influence and lack of adjudication consistency that prevent migrants from achieving true justice, say Elia Diaz-Yaeger and Carlos Bollar at the Hispanic National Bar Association.
Series
Ask A Mentor: How Can 1st-Year Attys Manage Remote Work?First-year associates can have a hard time building relationships with colleagues, setting boundaries and prioritizing work-life balance in a remote work environment, so they must be sure to lean on their firms' support systems and practice good time management, say Jenny Lee and Christopher Fernandez at Kirkland.
Attorney team leaders have a duty to attend to the mental well-being of their subordinates with intention, thought and candor — starting with ensuring their own mental health is in order, says Liam Montgomery at Williams & Connolly.
As law firms begin planning next year's summer associate events, they should carefully examine how choice of venue, activity, theme, attendees and formality can create feelings of exclusion for minority associates, and consider changing the status quo to create multiculturally inclusive events, says Sharon Jones at Jones Diversity.
Series
Ask A Mentor: How Do I Negotiate Long-Term Flex Work?Though the pandemic has shown the value of remote work, many firms are still reluctant to embrace flexible working arrangements when offices reopen, so attorneys should use several negotiating tactics to secure a long-term remote or hybrid work setup that also protects their potential for career advancement, says Elaine Spector at Harrity & Harrity.
Instead of spending an entire semester on 19th century hunting rights, I wish law schools would facilitate honest discussions about what it’s like to navigate life as an attorney, woman and mother, and offer lessons on business marketing that transcend golf outings and social mixers, says Daphne Delvaux at Gruenberg Law.
Female lawyers belonging to minority groups continue to be paid less and promoted less than their male counterparts, so law firms and corporate legal departments must stop treating women as a monolithic group and create initiatives that address the unique barriers women of color face, say Daphne Turpin Forbes at Microsoft and Linda Chanow at the Institute for Inclusion in the Legal Profession.
Opinion
We Need More Professional Diversity In The Federal JudiciaryWith the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.