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In-House
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Biz Leaders, Attys Worry AI Regs Are Insufficient, Create Risk
Most corporate executives and top lawyers are concerned that current regulations on generative artificial intelligence are inadequate and leave them exposed to risk, according to a new report by Berkeley Research Group LLC.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
Workers have filed a new suit accusing Tesla of failing to stop racist behavior and sexual harassment in two California factories, despite previous lawsuits. And the former head of AIG's Legal Operations Center has lost his appeal on his claim that he was fired in retaliation for pointing out alleged fraud. These are some of the stories in corporate legal news you may have missed in the past week.
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Insurance Biz Appoints GC As New Chief Operating Officer
Insurance company Mapfre USA announced Friday that its general counsel will take over as its chief operating officer on Aug. 1.
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Ex-Cognizant Execs Keep Pushing For Debevoise Testimony
Former Cognizant Technology Solutions executives have pushed back on Debevoise & Plimpton LLP's bid to quash a subpoena seeking testimony from a firm partner for their upcoming bribery trial in New Jersey federal court, saying that the testimony would be relevant and that any potential privilege arguments have already been waived.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry marked the end of spring with another busy week for courts, law firms and attorneys. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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SEC Official Seeks To Ease Concerns Over Cybersecurity Rule
The director of the U.S. Securities and Exchange Commission's corporation finance division reassured public companies on Thursday that the agency's recently adopted rule requiring them to make certain disclosures regarding material cybersecurity incidents does not prohibit them from sharing additional details with third parties.
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FordHarrison Adds Employment Attys In NJ, Nashville
Employment firm FordHarrison LLP announced that it hired a pair of experienced attorneys as partners in its offices in Nashville, Tennessee, and Berkeley Heights, New Jersey.
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Aspen Technology CLO To Resign; Deputy Taking Interim Gig
The top lawyer at Massachusetts-based software developer Aspen Technology announced Tuesday he will resign in late July after about a year and a half as chief legal officer there, with the company's associate general counsel taking over as interim CLO.
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2nd Circ. Affirms AIG's Win In Ex-Atty's Retaliation Suit
A former legal executive's retaliation lawsuit against American International Group Inc. has fizzled out as the Second Circuit on Thursday upheld an earlier ruling that found he was not fired for blowing the whistle on alleged fraud.
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After Merger Crash, Paramount GC Follows CEO Out The Door
Amid sweeping cost-cutting and reorganization, Paramount Global Inc. general counsel Christa D'Alimonte is leaving the company June 28 and being replaced by her deputy.
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In-House AI Startup Wordsmith Raises $5M Seed Round
Wordsmith, which developed an artificial intelligence workplace for in-house lawyers, secured a $5 million seed investment on Thursday.
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Organ Donor Network CLO Finds Meaning In Healthcare Space
Emy Trende has spent most of her career so far as a healthcare attorney, which she told Law360 Pulse is an “honorable responsibility.” But, she added, it’s also a challenge to compartmentalize the legal role from the emotion. Here, the top lawyer at the United Network for Organ Sharing talks about how being an attorney has helped her navigate the healthcare system in her personal life.
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Biotherapeutics Co. Hires Seasoned Atty As General Counsel
Boston-based biotherapeutics company Seaport Therapeutics announced Tuesday that a life sciences and corporate attorney with more than two decades of experience in-house and in private practice was named its new general counsel.
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Online Marketplace Artsy's General Counsel Promoted To CEO
Online art marketplace Artsy announced its chief financial officer and general counsel Jeffrey Yin has been elevated to chief executive officer following his predecessor's decision to leave the company this summer.
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Gene Therapy Co. Taps Experienced Bioscience Legal Chief
Kriya Therapeutics Inc., which develops gene therapies to address common diseases, said Tuesday it has chosen a veteran bioscience general counsel to be its chief legal officer.
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Cooley Adds Ex-Kirkland Global Fund Formation Atty In NY
Cooley LLP has expanded its fund formation practice with the addition of an experienced fund formation attorney who previously worked at Kirkland & Ellis LLP and founded a venture advisory group for asset managers.
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What Attorneys Really Think About Their Profession
Law360 Pulse asked respondents to our Lawyer Satisfaction Survey for their thoughts on misconceptions about being a lawyer, what the best parts of the job are and what they would tell newer lawyers. Here's what they said.
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Are Attorneys Happy On The Job?
The legal industry is notoriously high-pressure and competitive. But most attorneys report high levels of job satisfaction, even with pervasive stress in the profession, according to a new survey.
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Attys Aren't Loving Their Firms' Tech. AI Aims To Change That.
Lawyers' satisfaction with their firms' investment in technology has declined over the past year, a new Law360 Pulse survey shows, but new artificial intelligence tools could provide a solution.
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Collegiality Is Now The Norm At Law Firms
In books, television shows, and perhaps a few news articles, law firms are dens of treachery — places where, as one California federal judge recently put it, "partners stab each other in the back every day and move on to the next one." But reality for most lawyers does not reflect that cynical view, Law360 Pulse's new survey shows.
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Longtime Ga. Bar GC To Retire In January
The general counsel for the State Bar of Georgia plans to retire in January after providing "stability and knowledge" as she oversaw the bar general counsel's office for nearly 15 years, ending a bar career that spanned 36 years.
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Perkins Restaurant Parent Adds New GC From Pollo Tropical
A new general counsel and corporate secretary is taking the legal reins at the franchisor behind casual dining chains Perkins Restaurant & Bakery and Huddle House, departing his previous role as chief legal and people officer for Florida-based Pollo Tropical owner Fiesta Restaurant Group Inc.
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Commercial Litigation Pro Joins Blank Rome In Pittsburgh
An attorney with more than 20 years of experience advising business clients on commercial litigation has joined Blank Rome LLP's Pittsburgh office after nearly four years as an in-house counsel for a healthcare technology provider.
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Cloud Computing Software Co. Hires Tech Atty As Legal Chief
Cloud computing software company Nutanix Inc. has found its new top attorney in a veteran in-house attorney who most recently was general counsel to electric-vehicle battery maker Lyten Inc., Nutanix said Monday.
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It's A Match! Bumble Promotes Atty To Chief Legal Officer
Bumble Inc., the parent company of the dating app Bumble, said Monday it had promoted its former assistant general counsel to chief legal officer.
Expert Analysis
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Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?
Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
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DoNotPay Cases Underscore Hurdles For AI-Fueled Legal Help
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.
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For The Future Of Legal Practice, Let's Learn From The Past
At some level, every practicing lawyer is experiencing the ever-increasing speed of change — and while some practice management processes have gotten more efficient, other things about the legal profession were better before supposed improvements were made, says Jay Silberblatt, president of the Pennsylvania Bar Association.
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Why All Law Firms Should Foster Psychological Capital
Law firms will be able to reap great long-term benefits if they adopt strategies to nurture four critical components of their employees' psychological wellness and performance — hope, efficacy, resilience and optimism, says Dennis Stolle at the American Psychological Association.
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A GC's Guide To Litigation, Inspired By Sun Tzu's 'Art Of War'
With caseloads and spending increasing, in-house counsel might find themselves called to opine on the risks and benefits of litigation more often, and they should look at five Sun Tzu maxims from the ancient Chinese classic "The Art of War" to inform their approach to any suit, says Jeff Golimowski at Womble Bond.
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ChatGPT Is A Cool Trick, But AI Won't Replace Lawyers
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
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Pro Bono Work Is Valuable In IP And Continued Learning
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
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Increasing Public Access To Legal Services: A Practical Plan
Recommendations recently issued by a special committee of the Florida Bar represent a realistic, pragmatic approach to increasing the accessibility and affordability of legal services, at a time when the disconnect between the legal profession and the public at large has widened considerably, says Gary Lesser, president of the Florida Bar.
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Priorities For Improving The Legal Industry In Texas
To assist Texas lawyers in effectively executing their duties, we should be working on succession planning, attorney wellness, and increasing understanding of the grievance system by both bar members and the public, says Laura Gibson, president of the State Bar of Texas.
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Leading Your Law Firm's Creation Of A New Practice Group
Marjorie Peerce and Peter Jaslow at Ballard Spahr discuss the challenges of building a new law firm practice group from the ground up, and how sustained commitment, communication and collaboration are the key ingredients for success.
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Series
Ask A Mentor: How Do I Relay Shortcomings To Associates?
Michael Cohen at Duane Morris discusses the best ways to articulate how an associate is not meeting expectations, and why documentation of performance management is crucial for their growth and protecting the firm from discrimination suits.
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10 Principles For Effective Partner Reward Systems
Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.
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Why Interdisciplinarity Is Key To Designing The Future Of Law
The legal profession faces challenges that urgently demand new solutions, and lawyers and firms can address this by leaning on other industries that have more experience practicing, teaching and incorporating innovation into their core business and service models, says Jennifer Leonard at the University of Pennsylvania.
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Incorporating ADA Guidance Into Lawyer Wellness Movement
The Americans with Disabilities Act and rules of professional conduct may help the legal profession promote lawyer well-being by focusing on mental conditions' actual impact, rather than on associated stereotypes, says Alex Long at the University of Tennessee College of Law.
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Series
Ask A Mentor: How Can New Partners Generate Business?
Christine Wong at MoFo discusses how newly elected partners can prioritize business development by creating a strategic plan with the firm's marketing team and strengthening relationships with professional and personal networks.