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A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance services company waved off his attempt to present details to the board.
The president of the American Bar Association defended how the organization accounts for diversity, equity and inclusion efforts when accrediting law schools, telling a congressional task force Wednesday that diversity enhances the legal profession.
DLA Piper urged an Illinois federal judge to toss a Palestinian attorney's suit claiming the firm revoked a job offer out of discrimination, arguing it rescinded the offer because she concealed allegations that she assaulted someone at a protest.
Jackson Lewis PC announced the elevation of two office managers and longtime firm attorneys to co-leaders of the employment litigation group this week.
Nearly 12% of the class of 2024 have already left their first jobs at the top 50 firms, and Kirkland & Ellis LLP has taken in the most first-year laterals, according to new statistics from legal data company Firm Prospects LLC.
McGuireWoods LLP has added depth to its energy sector finance offerings with a Houston-based partner who came aboard from Kirkland & Ellis LLP.
The founder of Quinn Emanuel Urquhart & Sullivan LLP's artificial intelligence and data analytics litigation group who built a career on bet-the-company disputes has launched his own New York City boutique.
The University of Chicago Law School and the University of California, Berkeley School of Law have laid out two approaches for regulating student AI use, charting divergent paths when educational institutions across the nation are looking for guidance on how to grapple with the role of the technology in legal education.
A real estate firm is accusing Holland & Knight LLP and three attorneys of malpractice in a new complaint filed in Florida state court and is seeking up to $1.2 billion in damages after more than 30 states opened investigations into the company's practices.
A proposed class action against Pillsbury Winthrop Shaw Pittman LLP over a data breach last year has been voluntarily dismissed by the named plaintiffs, following a granted motion to stay in April to discuss mediation.
Sullivan & Cromwell LLP has hired a new national security and foreign investments and trade regulations practice partner for its Washington, D.C., office, the firm announced Tuesday.
Clifford Chance said Wednesday that partnership profits topped £1 billion ($1.3 billion) for the first time, helped by a recovery in dealmaking and growth in the U.S., as the firm continued to expand in the world's largest legal market.
Thompson Hine LLP on Wednesday announced the opening of an energy practice with a four-lawyer team split between the East and West coasts.
A group of Democrats demanded Tuesday that Skadden Arps Slate Meagher & Flom LLP disclose details of its pro bono arrangement with the Trump administration in light of allegations the firm advised both Intel Corp. and the U.S. Department of Commerce when the administration received a 10% company stake.
Federal lobbying revenue reached new highs for some law and lobbying firms in the second quarter of the year, growth that comes as lobbyists and their clients prepare for potential political changes after the midterm elections.
The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit public markets and executives found out that its terms differed from their understanding of them.
A former C-suite executive with Clifford Chance and Baker McKenzie is teaming up with tech-enabled managed services provider Opensity to launch a new law firm managed services organization practice.
A congressional task force focused on constitutional rights plans to hold a hearing Wednesday to look into what its Republican chairman called the American Bar Association's use of law school accreditation to promote diversity, equity and inclusion policies in academia.
Baker McKenzie has hired two attorneys, in Washington, D.C., and New York, who focus their practices on life sciences transactional matters and intellectual property issues, the firm announced Tuesday.
Mintz Levin Cohn Ferris Glovsky and Popeo PC announced Tuesday that it has bolstered its venture capital and emerging companies practice with a San Francisco-based corporate partner who came aboard from Baker Botts LLP.
Allen Overy Shearman Sterling has hired a former Davis Polk & Wardwell LLP counsel as a restructuring partner in New York.
U.S. business interests are turning to state legislatures to stymie litigation funders after a string of failed efforts in Congress, fueling a flurry of recent legislation that could shape the future of the multibillion-dollar industry.
International labor and employment law firm Fisher Phillips has added a four-attorney team through a combination with Dallas litigation boutique Stewart Law Group PLLC.
Kirkland & Ellis LLP has added a Willkie Farr & Gallagher LLP real estate partner who advises his clients on digital infrastructure transactions and construction financing.
Linklaters LLP said Tuesday that profit per equity partner rose by more than 11% as the firm continued to push for growth in the lucrative U.S. market, although the increase was slower than the growth it recorded a year earlier.
BigLaw firms about to tackle a website redesign need to understand the fundamental changes to costs, timelines, vendors and technology since their last big update so their leadership teams can steer resource management decisions away from costly potential mistakes, says Stephan Roussan at Vertical Minds.
Two recent reports shift the legal posture of every organization deploying artificial intelligence agents because they establish the foreseeability, for negligence liability purposes, of an AI agent becoming weaponized for data exfiltration, says Camilo Artiga-Purcell at Kiteworks.
Firms willing to develop a new operating model, where AI-powered legal tech is paired with deep industry expertise and a different incentive structure, can win over companies looking to consolidate their legal needs with a single provider, says Lana Manganiello at Practice Growth Partner.
Law firms trying to weave artificial intelligence into summer associate programs should build a program that isn't really about AI but teaches students how to think about using AI, with the goal of building judgment, understanding implications and leveling up in a way that's repeatable, says Zeynep Ersin at Seyfarth.
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Biz Development Tip Of The Month: Don't Obstruct Knowledge
Lawyers and firms should treat knowledge transfer as a business development function, using the sharing of context and institutional know-how to preserve continuity through change, strengthen relationships and create long-term competitive advantage, says Mark Wraight at Stinson.
The biggest question about private equity moving into the legal sector is no longer whether it can financially succeed, but how law firms can contend with the unavoidable economic, institutional and ethical tensions introduced by external ownership without compromising their core professional commitments, say Kirsten Vasquez and Allison Rosner at Major Lindsey.
As potential clients use artificial intelligence tools instead of search engines when looking for counsel, it is a democratizing moment for specialized midsize firms and a compression threat for generalist big-firm brand positioning, says Ronn Torossian at 5WPR.
Private equity capital has been flowing into accounting firms for years, with investors developing creative structures to work within that field's specific ownership restrictions, and the framework developed by these transactions offers valuable insights for law firms looking for outside investment, says Russell Shapiro at Levenfeld Pearlstein.
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Legal Tech Talks: StrongSuit CEO On The AI Gold Rush
Justin McCallon, CEO of StrongSuit, discusses how the potential for automation and insight generation with artificial intelligence is massive, but that in legal work, especially litigation, the margin for error is essentially zero.
When law firm leaders provide work product feedback by identifying errors instead of offering guiding input, they miss a key opportunity to treat feedback as a professional development and leadership tool, but several practices can help bridge the gap between intent and impact, says Janet Jackson at Well-Law.
Many law firms are using generic decks for multiple client presentations to articulate their artificial intelligence strategy, but in order to differentiate themselves, it's important to bring marketing teams into the fold to identify what's actually distinctive about how a firm uses AI, says Eric Greenberg at Cox Media.
The Legal Marketing Association's recent annual conference underscored how advances in artificial intelligence and shifting client expectations are causing law firms to evolve into more structured, data-driven businesses that place greater emphasis on strategy, implementation and measurable results, say Maria Aronson and Gina Rubel at Furia Rubel.
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Biz Development Tip Of The Month: Build Relationship Habits
Meaningful relationships are foundational to business development, and they can be deliberately fostered through a set of habits for authentically, intentionally and consistently connecting with clients and colleagues — starting with people you already know and like, says Matthew Moran at V&E.
Artificial intelligence is already woven into everyday work for attorneys, so beyond questioning whether AI was used and approving such tools, legal leaders need to create a shared foundation for what good AI use looks like on their team, says Alex Denniston at Factor.
A company's contracts contain final, negotiated commercial commitments that reveal important growth, revenue and strategy insights, but for organizations that aren’t making two key structural changes, the information tends to remain within the legal department — untranslated and unused, says Shimane Smith at NerdWallet.