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In-House
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Robin AI CTO Says Innovation Puts Pressure On Hourly Billing
The traditional hourly billing model in the legal industry is facing increasing scrutiny as in-house legal teams leverage technology to enhance efficiency, the co-founder of a leading AI service told Law360.
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Mining Industry Vet Named Teck Resources' New Legal Chief
Canadian mining giant Teck Resources Ltd. has appointed a former group general counsel at BHP Group as the company's new top attorney and sustainability chief.
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In-House Attys Urged To Spearhead Creation Of AI Policies
In-house lawyers should craft a single artificial intelligence governance policy for their organizations, build cross-functional teams to assess AI needs and risks and audit and update their AI policy frequently to keep pace with the technology's rapid evolution, according to experts on an Association of Corporate Counsel conference panel.
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Law Firm Billing Rate Hikes Doubled In 2024
Billing rates for the top 100 law firms in the United States surged by 10% from 2023 to 2024, the largest rate hike in the past three years, according to a new research report on Tuesday.
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Corporate Counsel Share Strategies For Learning From Failure
A panel of in-house lawyers speaking at the Association of Corporate Counsel conference on Monday sought to give attorneys a healthier attitude toward failure, advising them to look at setbacks with emotional detachment, to seek help when necessary, and to persist.
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Ex-Allstate Atty Named Biotech Co.'s General Counsel
Immunotherapy developer Imunon has hired an attorney who previously worked in Allstate's legal department as its new general counsel, the biotech firm disclosed in a U.S. Securities and Exchange Commission filing Monday.
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Legal Employers Say AI Is Affecting Hiring
A majority of legal industry employers say that artificial intelligence is changing the skill sets they look for in hiring, according to a report released Monday by business consulting firm Robert Half, with the report also finding that employers prefer to train existing employees than hire externally.
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Akerman Adds In-House Atty From WR Berkley
An assistant vice president and counsel to W.R. Berkley Corp., a commercial lines property and casualty insurance holding company, left his in-house role to become a partner with Akerman LLP in New York, the firm announced Monday.
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Photronics GC Departing After Internal Review
Photronics Inc. has reached a separation agreement with its general counsel of 14 years after placing her on paid leave in mid-June while the company conducted an internal review.
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Chemical Co. GC Announces 2025 Retirement
The general counsel of chemical company Element Solutions announced in a recent U.S. Securities and Exchange Commission filing that he plans to retire from his position in 2025.
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Retired Exxon GC Starts 2nd Act Leading Texas Energy Center
Eight years after stepping down as general counsel of Exxon Mobil Corp., Jack Balagia is planning to leverage his decades of experience to assist students at the University of Texas at Austin as the new executive director of its Kay Bailey Hutchison Energy Center. Law360 Pulse spoke with Balagia about his new role and the path that led him to it.
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Chemical Co. Albemarle To Part With GC After Revamping
Chemical manufacturing company Albemarle Corp. is reorganizing its operating structure, leading to the departure of its general counsel and promotion of its deputy general counsel, the company said Monday.
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In-House Teams Using More GenAI And Fewer Law Firms
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
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Corporate Boards Must Address Tech, Commission Says
A blue ribbon commission announced Monday that strengthening oversight, deepening insight and developing foresight are the three main pillars of a new framework for how corporate boards can thrive in the digital age.
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Compensation For CLO Of Laser Biz Coherent Tops $2M In '24
Coherent Corp.'s chief legal officer received about $2.1 million in total compensation for the fiscal year ending on June 30, a public filing says.
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Milbank LLP Lands Departing SEC Enforcement Chief Grewal
Departing U.S. Securities and Exchange Commission enforcement director Gurbir Grewal will land at Milbank LLP in New York after he leaves the agency later this month, joining the law firm's litigation and arbitration group, according to a person familiar with the matter.
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Holtec Sues Former GC Over Alleged Embezzlement Scheme
Energy technology company Holtec International has launched a New Jersey state lawsuit accusing its former general counsel and others of taking part in an embezzlement scheme to dupe the company into paying more than $700,000 to an entity they owned.
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OpenAI Brings On MoFo IP Litigator To Lead AI Research
A former intellectual property litigation partner from Morrison Foerster LLP is now OpenAI's lead counsel for artificial intelligence research, the company said Friday.
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Corporate Counsel Group Launches Cybersecurity Toolkit
The Association of Corporate Counsel announced a new toolkit for in-house attorneys on Thursday directed at cybersecurity threats and delivering practical strategies to prepare for and mitigate damage from potential data breaches.
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Rust-Oleum Parent's Legal Chief To Retire, Successor Named
RPM International Inc., the parent of sealant and building material companies Rust-Oleum, DayGlo and DAP, announced Friday that its associate general counsel and vice president for compliance and sustainability is moving into its top legal post, as the company's longtime general counsel prepares to retire.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
Law360 Pulse lists the legal chiefs who command the top salaries from public companies in America — think Big Tech. And the SEC is losing its top enforcer, to the cheers of crypto companies.
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Legal Industry Jobs Creep Back Up After 4-Month Decline
After four straight months of employment declines, the U.S. Bureau of Labor Statistics' latest report shows positive signs for the legal industry.
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Biotech Biz's GC Departs; In-House Atty To Fill Post For Now
Biotech company Illumina Inc. has announced the departure of its general counsel and the appointment of an in-house attorney to serve in the post on an interim basis as the business searches for a successor.
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TILT Holding's First GC Rejoins Cannabis Co. As Board Member
Multistate cannabis company TILT Holdings Inc. has announced that its first ever general counsel has returned to the company as a member of its board of directors.
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Law360's Legal Lions Of The Week
Kramer Levin Naftalis & Frankel LLP and Potter Anderson & Corroon LLP led this week's edition of Law360 Legal Lions after a Delaware federal jury decided on Sept. 27 that Amazon Web Services infringed two computer network patents that were once owned by Boeing, telling the tech giant to pay $30.5 million in damages.