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Modern Lawyer
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BigLaw Firms Saw Double-Digit Profit Growth In 2024
Last year was "one of the strongest years on record" for U.S. law firm financial results, according to Citi Global Wealth at Work Law Firm Group head Gretta Rusanow, with a survey by the bank of mostly large law firms showing a 16.6% increase in profits and a 12.3% increase in revenue over 2023.
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Private Equity Group Of The Year: Cravath
Cravath Swaine & Moore LLP's recent work advising on a number of significant mergers and acquisitions, including representing Amentum in its reverse Morris trust merger with two Jacobs subsidiaries, has scored the firm a spot among the 2024 Law360 Private Equity Groups of the Year.
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Sports & Betting Group Of The Year: Debevoise
Debevoise & Plimpton LLP helped shape new NFL rules allowing private equity firms to become team owners and represented students fighting to protect transgender athletes' rights, earning the firm a spot among the 2024 Law360 Sports & Betting Groups of the Year.
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Government Contracts Group Of The Year: Wiley
Wiley Rein LLP's multiple recent successes in litigation involving federal contractor clients, including a precedent-setting victory for Boeing at the Federal Circuit, have earned the firm a spot as one of the 2024 Law360 Government Contracts Groups of the Year.
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Life Sciences Group Of The Year: Cooley
Cooley LLP advised radiopharmaceutical therapeutics company RayzeBio on its $4.1 billion post-IPO sale to Bristol Myers Squibb and helped biopharmaceutical company Liquidia nab significant victories in a patent dispute with United Therapeutics, earning the firm a place among the 2024 Law360 Life Sciences Groups of the Year.
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Cybersecurity & Privacy Group Of The Year: Latham
Latham & Watkins LLP delivered a heavy hit last year to the U.S. Securities and Exchange Commission's efforts to expand regulatory authority over public companies' cybersecurity practices, winning a landmark victory for SolarWinds Corp. and landing it a spot as one of the 2024 Law360 Cybersecurity & Privacy Groups of the Year.
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Appellate Group Of The Year: Williams & Connolly
Williams & Connolly's appellate team led Starbucks to a Supreme Court victory that changed the standard for NLRB officials seeking injunctions against employers, and convinced it to overturn a former Indiana mayor's conviction by narrowing a federal bribery law's scope, earning the firm recognition as one of the 2024 Law360 Appellate Groups of the Year.
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4th Circ. Says LeClairRyan Founder May Duck Tax Liability
Defunct law firm LeClairRyan PLLC's operating agreement did not bar founder Gary LeClair from jumping ship in time to potentially dodge massive tax bills tied to the firm's collapse, the Fourth Circuit ruled Friday.
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Cooley Litigation Leader On 'Enormous Momentum' Of Team
Ian Shapiro, Cooley LLP’s new chair of litigation, joined Law360 Pulse for a conversation about his new leadership position at the firm where he’s spent almost all of his career, and developing the team into an elite litigation group.
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Sidley Joins Other Firms In Hiring AI Chief
Sidley Austin LLP announced the hiring of a chief data and artificial intelligence officer, joining a growing wave of firms over the past year to fill such a director position amid technological advances and client expectations.
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Pierson Ferdinand Taps Founding Partner As GC
The rapidly-growing firm Pierson Ferdinand LLP announced Friday that it selected one of its Philadelphia-based founding partners to serve as the firm's global general counsel.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry kicked off February with another action-packed week as attorneys took on new roles in BigLaw and the Trump administration. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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BCLP Expands To Saudi Arabia With 2 New Offices
Bryan Cave Leighton Paisner LLP plans to open two offices in Saudi Arabia, pushing to work on infrastructure projects and other industries in the Middle Eastern country with two attorneys previously with KSA USA Legal, the firm announced Thursday.
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Baker McKenzie Partner Rejoins Firm From Apple
Baker McKenzie announced that a former partner specializing in trade and customs law has rejoined the firm after serving as principal counsel and the lead adviser on global trade matters for Apple.
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Jones Day Names 6 Office And Practice Leaders
Jones Day announced Thursday that six of its attorneys earned new practice group or office leadership roles, including at shops in Texas and California.
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Ex-Conn. US Atty On Melding Public Service, Private Practice
Vanessa Roberts Avery, who recently stepped down as U.S. attorney for the District of Connecticut, rejoined McCarter & English LLP's office in Hartford this week. In a recent conversation with Law360 Pulse, Avery discussed her legal career and reflected on her time as the state's top federal prosecutor.
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Nixon Peabody Adds Greenberg Glusker Cannabis Co-Chair
Nixon Peabody LLP is boosting its West Coast litigation team, bringing in a former federal prosecutor, who was most recently the founder and co-chair of the cannabis practice at Greenberg Glusker LLP, as a partner in its Los Angeles office.
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Legal Job Satisfaction Up, Less Turnover Expected, Study Says
Legal professionals surveyed reported high job satisfaction at the end of last year, signaling a quieter job market for the legal industry in 2025, according to a new report from recruiting firm Robert Half Inc.
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Weil Hires PE, Sports Ace Away From Hogan Lovells
Weil Gotshal & Manges LLP's U.S. private equity group has brought on a former Hogan Lovells partner who advised buyers of the National Women's Soccer League's Washington Spirit and the NFL's Washington Commanders and Denver Broncos, among other major deals in the sports world, the firm has announced.
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Davis Wright Partners With Stanford's CodeX On Legal AI
Davis Wright Tremaine LLP announced Thursday a new partnership with Stanford University's legal technology hub CodeX to collaborate on new artificial intelligence tools, joining other universities the past year in striking up partnerships with law firms and legal tech companies to advance research and real-world implementation of AI into law.
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Sports & Betting Group Of The Year: Winston & Strawn LLP
Winston & Strawn LLP was co-counsel for the athletes that reached a groundbreaking $2.78 billion settlement of their antitrust class action against the NCAA and its institutions that will bring revenue sharing to college sports for the first time, placing it among the 2024 Law360 Sports & Betting Groups of the Year.
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Private Equity Group Of The Year: Ropes & Gray
A team of Ropes & Gray LLP attorneys helped shepherd a private equity firm's purchase of AT&T's stake in DirecTV for more than $7.5 billion and led several other deals with similarly large price tags last year, earning it a spot among the 2024 Law360 Private Equity Groups Of The Year.
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Cybersecurity & Privacy Group Of The Year: Keker
Keker Van Nest & Peters LLP successfully secured a $62 million settlement while resolving six proposed class action suits against Google, freeing the tech giant from many consumer privacy claims and pumping vast funding to internet privacy nonprofits, earning it a spot among the 2024 Law360 Cybersecurity & Privacy Groups of the Year.
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Life Sciences Group Of The Year: Freshfields
Freshfields US LLP's recent work advising Johnson & Johnson on its $13.1 billion acquisition of cardiovascular device developer Shockwave Medical — the largest medical device transaction of 2024 — has earned the firm a spot as one of the 2024 Law360 Life Sciences Groups of the Year.
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Government Contracts Group Of The Year: Arnold & Porter
Arnold & Porter Kaye Scholer LLP played a major role in a successful bid protest of a $12 billion U.S. Air Force missile support contract for aerospace and defense giant BAE Systems, earning the firm a spot among the 2024 Law360 Government Contracts Groups of the Year.