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As legal professionals continue to use generative artificial intelligence tools in their work, law firms need to reconsider billable hours and how they train associates, legal industry consultant Jordan Furlong said during an American Bar Association webinar Thursday.
Proskauer Rose LLP announced Thursday that it has hired the former chief financial officer from Creative Artists Agency as its chief operating officer to oversee the firm's operations and 800 business services professionals.
Greenberg Traurig LLP has added a San Diego corporate partner who previously led the corporate and transactional practice at Procopio Cory Hargreaves & Savitch LLP.
Gowling WLG said Wednesday that it has tapped the former director of strategic innovation and legal design at Norton Rose Fulbright to lead its efforts around the use of artificial intelligence.
Attorneys for Reed Smith LLP, which helped the ACLU of Delaware recently secure a win for an organization that challenged state solicitation and antiloitering laws, told Law360 Pulse that they drew on the firm's litigation resources to do so.
Texas-based litigation boutique Vartabedian Hester & Haynes LLP confirmed on Thursday that it will match Milbank LLP's year-end bonus scale, offering its associates BigLaw-level compensation along with an additional special bonus.
Cravath Swaine & Moore LLP has elected seven new partners from its London and New York offices to add to the senior ranks of the firm.
As the number of U.S. law firm combination announcements this year ticks up over 90 with the newly announced merger between Herbert Smith Freehills and Kramer Levin, these four leaders tell Law360 Pulse they have no interest in entertaining such talks.
Joe Hall, a partner in Davis Polk & Wardwell LLP's capital markets practice, resolved multiple matters that were years in the making when he helped bring a bitcoin exchange-traded product to market and removed long-standing liquidity roadblocks for certain Visa stockholders, earning him a spot among the 2024 Law360 Fintech MVPs.
Jason C. Schwartz, a partner at Gibson Dunn & Crutcher LLP, secured rulings from the bench in a case about his client Fearless Foundation's awarding of grants to Black female entrepreneurs and in another dispute representing DraftKings as the company sought to stop a former executive from soliciting customers ahead of the Super Bowl, earning him a spot as one of the 2024 Law360 Employment MVPs.
Jessica Ellsworth of Hogan Lovells' appellate practice argued in the U.S. Supreme Court on behalf of Danco Laboratories, leading to the overturning of a decision that threatened to block access to the company's abortion medication, and on behalf of Coinbase, resulting in a holding that it is up to judges, not arbitrators, to figure out if contracts between businesses and consumers have subtly superseded earlier agreements to proceed in arbitration rather than litigation. The back-to-back arguments helped earn her a spot as one of the 2024 Law360 Appellate MVPs.
Nixon Peabody LLP has named its longtime chief financial officer as its new chief operating officer responsible for all firm operations, including finance, human resources, knowledge management, information technology and administrative services.
Richard Zall of King & Spalding LLP's healthcare practice guided Lehigh Valley Health Network through a $14 billion merger with Jefferson Health, worked on the sale of two Ascension healthcare facilities, and helped secure close to $90 million in early-stage funding for Eleanor Health, earning him a spot as one of the 2024 Law360 Healthcare MVPs.
Matt Abbott of Paul Weiss Rifkind Wharton & Garrison LLP's private equity practice group advised Canadian real estate firm Tricon Residential in its $3.5 billion buyout by American firm Blackstone Real Estate, guided private equity firm General Atlantic through its acquisition of energy infrastructure firm Actis and helped private equity giant TPG with its investment in human resources and technology services platform G&A Partners, earning him a spot as one of the 2024 Law360 Private Equity MVPs.
Covington & Burling LLP's Heather Finstuen won regulatory approval for two companies' $7.9 billion acquisition of a nuclear power company, Westinghouse Electric Co., and BAE Systems Inc.'s $5.6 billion purchase of Ball Aerospace, earning her a spot as one of the 2024 Law360 International Trade MVPs.
Robert Blaustein of Kirkland & Ellis LLP's investment funds practice group currently counsels 10 funds seeking more than $50 billion of capital, and has led sponsors in raising more than $100 billion in aggregate capital, earning him a spot as one of the 2024 Law360 Fund Formation MVPs.
In the span of four years, Kramer Levin co-managing partner Howard Spilko went from "very happy" with the firm's geographical footprint to announcing a combination with a more-than-2,000-lawyer global giant. Here, Law360 Pulse looks at the increasing headwinds for smaller law firms that led to that change in position.
The legal market is positioned to have a very strong year, with firms seeing increases in demand, revenue and attorney productivity during the first three quarters of 2024, according to the results of a survey by Citi Global Wealth at Work.
The Florida Bar Board of Governors may soon remove references to "diversity and inclusion" from its standing board policies as part of an ongoing push by the state Supreme Court against such diversity-related language.
The legal industry continued a steady pace of donations to New York City Mayor Eric Adams even after prosecutors first publicly linked his campaign to illegal fundraising activity, giving nearly $200,000 in the months prior to his federal indictment this September, Law360 Pulse found.
Jones Day said Wednesday that it has brought on a former Winston & Strawn LLP attorney in Dallas with extensive corporate experience, particularly within the energy and infrastructure arena.
Advocates are not holding out hope for bills that would firm up a code of ethics for the U.S. Supreme Court, impose term limits on justices or give judiciary employees antidiscrimination job protections, saying Republican control of the federal government will likely stall any progress that's been made with court reform efforts.
Cadwalader Wickersham & Taft LLP announced Tuesday that it had hired an adviser to companies and private equity funds from Kirkland & Ellis LLP, touting her experience in complex business transactions.
White & Case LLP's David Bond convinced the U.S. International Trade Commission to hit the brakes on duties for a German steel company and freed an Italian aluminum company from the specter of antidumping duties, earning him a spot among the 2024 Law360 International Trade MVPs.
The Texas federal court overseeing a U.S. Trustee's Office probe of a former Jackson Walker LLP partner's undisclosed relationship with a then-bankruptcy judge has given the firm until Friday to turn over its communications with public relations firms and pages from its attorney sourcebook.
Imposter syndrome is rampant in the legal profession, especially among lawyers from underrepresented backgrounds, leading to missed opportunities and mental health issues — but firms can provide support in numerous ways, and attorneys can use therapeutic strategies to quiet their inner critic, says Helen Pamely at Rosling King.
In 2022, partners considering lateral moves have new priorities, and firms that hope to recruit top talent will need to communicate their strategy for growth, engage on hot issues like origination credit and diversity initiatives, and tailor their integration plans toward expanding partners’ client base, says Gloria Sandrino at Lateral Link.
Lawyers are experiencing burnout on a massive, unprecedented scale due to the pandemic, but law firms and institutional players can and should make a difference by focusing on small, practical solutions that protect their attorneys’ most precious personal resource and professional commodity — time, says Chad Sarchio, president of the District of Columbia Bar.
Technological shifts during the pandemic and beyond should force firms to rethink how legal secretaries can not only better support timekeepers but also participate in elevating client service, bifurcating the role into an administrative support position and a more elevated practice support role, says Lauren Chung at HBR Consulting.
Series
Ask A Mentor: How Can I Ace My Upcoming Annual Review?Jennifer Rakstad at White & Case highlights how associates can emphasize achievements and seek support before, during and after their annual review, despite the pandemic’s negative effects on face time with colleagues and business development opportunities.
In order to be perceived as prestigious by clients and potential recruits, law firms should take their branding efforts beyond designing visual identities and address six key imperatives to differentiate themselves — from identifying intangible core strengths to delivering on promises at every interaction, says Howard Breindel at DeSantis Breindel.
Law firms looking to streamline matter management should consider tools that offer both employees and clients real-time access to documents, action items, task assignee information and more, overcoming many of the limitations of project communications via email, says Stephen Weyer at Stites & Harbison.
Series
Ask A Mentor: How Can I Successfully Switch Practices?Associates who pivot into new practice areas may find that along with the excitement of a fresh start comes some apprehension, but certain proactive steps can help tame anxiety and ensure attorneys successfully adapt to unfamiliar subjects, novel internal processes and different client deliverables, say Susan Berson and Hassan Shaikh at Mintz.
Amid demands from clients and prospective hires for greater sustainability efforts, law firms should think beyond reusable mugs and create programs that incorporate clear leadership structures, emission tracking and reduction goals, and frameworks for reporting results, says Gayatri Joshi at the Law Firm Sustainability Network.
Associates may hesitate to take on the added commitment of pro bono matters, but such work has tangible skill-building benefits, so firms should consider compensation and leadership strategies to encourage participation, says Rasmeet Chahil at Lowenstein Sandler.
The pandemic has likely exacerbated the prevalence of problem drinking in the legal profession, making it critical for lawyers and educators to address alcohol abuse and the associated stigma through issue-specific education, supportive assistance and alcohol-free professional events, says Erica Grigg at the Texas Lawyers' Assistance Program.
Opinion
Lawyers Have Duty To Push For Immigration Court ReformAttorneys must use their collective voice to urge federal lawmakers to create an Article I immigration court outside executive branch control, helping address the conflicts of interest, political influence and lack of adjudication consistency that prevent migrants from achieving true justice, say Elia Diaz-Yaeger and Carlos Bollar at the Hispanic National Bar Association.
Based on their own firm's experiences, Kami Quinn and Adam Farra at Gilbert discuss strategies and unique legal industry considerations for law firms planning hybrid models of remote and in-office work in a post-COVID marketplace.
Series
Ask A Mentor: How Can 1st-Year Attys Manage Remote Work?First-year associates can have a hard time building relationships with colleagues, setting boundaries and prioritizing work-life balance in a remote work environment, so they must be sure to lean on their firms' support systems and practice good time management, say Jenny Lee and Christopher Fernandez at Kirkland.
Attorney team leaders have a duty to attend to the mental well-being of their subordinates with intention, thought and candor — starting with ensuring their own mental health is in order, says Liam Montgomery at Williams & Connolly.