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Average partner compensation at the 200 largest law firms in the U.S. by revenue has almost doubled in the last decade and has increased by 26% in the past two years alone, according to the results of a survey by recruiter Major Lindsey & Africa LLC that were released Thursday.
Leech Tishman announced Tuesday that it is adding another chair to its business restructuring and insolvency practice, giving the team leadership on both coasts.
New York firm Harter Secrest & Emery LLP announced Monday the continued expansion of its trusts and estates practice in the state, bringing back a former associate as a partner for its office in Rochester.
A dispute over the handling of pension funds by the now-shuttered Schnader Harrison Segal & Lewis LLP may be nearing resolution after a former partner leading a class action asked a Pennsylvania federal court to stay current deadlines as a classwide settlement is within sight.
Mirroring the fast growth of white collar law since the start of the century, the Women's White Collar Defense Association has announced that in its 25th year, the diversity-focused organization has launched a chapter in its 50th location with an expansion to Virginia.
Leadership at Cullen and Dykman LLP announced the addition of an attorney specializing in construction law, saying the move gives the regional firm increased capacity to take on high-profile cases.
Benesch Friedlander Coplan & Aronoff LLP has added to its Chicago office a capital markets attorney whose practice focuses on debt financing transactions, mergers and acquisitions, and a range of other corporate matters, the firm announced Tuesday.
People with disabilities still face challenges when pursuing a legal career, but law firms, law schools, bar associations and corporate legal departments can take steps to help advance disability equality, according to panelists speaking Tuesday for National Disability Employment Awareness Month.
New Jersey Supreme Court justices on Tuesday sounded skeptical of an ethics rule change that would ban certified attorneys from paying referral fees to out-of-state lawyers, questioning an advisory panel's conclusion that such fees represent an authorized payment for legal services.
McNees Wallace & Nurick LLP has hired a new marketing director, who is joining the firm to help support its strategic initiatives, generate business and expand the firm's communications efforts, according to a Tuesday announcement.
Bell Nunnally & Martin LLP has strengthened its litigation offerings with a partner who came aboard from the Financial Industry Regulatory Authority, giving the Dallas-based business law firm's clients the resource of a "unique perspective" and providing it with a "strategic edge" in securities law-related matters, according to Bell Nunnally's managing partner.
Brownstein Hyatt Farber Schreck LLP announced that an experienced government attorney joined the firm's Washington, D.C., office in what the firm said will help its clients with political advocacy needs.
Balch & Bingham LLP announced that a veteran energy attorney with more than two decades of experience rejoined the firm's Atlanta office after a decade working at advisory firm The Taffrail Group.
For decades, a handful of New York-based law firms thoroughly dominated the national consciousness when it came to power, profitability and prestige. But in today's legal market, increased movement of partners and clients from one firm to the next has begun to shake things up and create opportunities for go-getters to ascend the ranks.
As many BigLaw firms see their revenues climb ever higher, we highlight those that reported topping the billion-dollar mark in the most recent calendar year.
Clients flock to firms with prestigious reputations, and so does top talent. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction
Stoel Rives LLP has hired the former in-house counsel for technology companies SingleStore and Veeva Systems Inc. in Boise, Idaho, positioning the firm to better serve the increasing demand for sophisticated transactional representations in the area.
Two months after opening a New Mexico office, Spencer Fane LLP has added a regulatory attorney with more than a decade of experience in New Mexico state government, most recently as deputy attorney general, with the firm saying in an announcement Monday that he would boost its regulatory practice and assist clients in dealing with government agencies.
Beveridge & Diamond PC has hired the U.S. Department of Defense's deputy general counsel for environment, energy and installations as of counsel in the firm's Washington office, a move the firm said is its latest government hire to help clients navigate the constantly changing environmental landscape.
Kaufman Dolowich LLP is building out its capacity in maritime law with the addition of a New Jersey-based partner joining in the wake of the nationwide longshoremen strike in early October.
The attorneys chosen as Law360's 2024 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.
With the presidential election mere weeks away, a small army of lawyers will deploy throughout the country in a nonpartisan effort to ensure the process is fair, smooth and safe.
Pierson Ferdinand LLP and another boutique firm have urged the D.C. Circuit to let them withdraw as counsel for Iraq as the country looks to overturn an order allowing a construction firm permission to go after Iraqi assets to satisfy a $120 million judgment, saying the country owes some $25,000 in legal fees and has stopped responding to the firms' inquiries on the litigation.
Richards Layton's work on multiple infringement suits against Moderna and Nutter's work on a notable Massachusetts beer company acquisition lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Oct. 4 to 18.
Convincing lawyers to adopt new tools often comes with a lot of resistance, but law firms can alter their approach to get lawyers to comply with almost anything, a leading legal industry expert said Friday.
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.
Not only can effective mentorship have a profound impact on women and people of color entering the legal field, but it also benefits mentors and the legal profession as a whole, creating a true win-win situation for all involved, says Natasha Cortes at Grossman Roth.
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.
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.
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.
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.
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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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.
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.
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.
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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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.
Hidden in the U.S. Supreme Court’s opinions from the last term are each justice’s talents for crafting choice turns of phrase, highlighting best practices for attorneys to jump-start their own writing, says Ross Guberman at BriefCatch.
As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.
New York's recently announced requirement that lawyers complete cybersecurity training as part of their continuing legal education is a reminder that securing client information is more complicated in an increasingly digital world, and that expectations around attorneys' technology competence are changing, says Jason Schwent at Clark Hill.