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New York Pulse
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Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd
A New York federal judge has given his preliminary blessing to a settlement worth up to $9 million resolving a class action by Yieldstreet investors who accused the online platform of offering "riskier-than-junk-bond investments" to the public that caused the plaintiffs to lose millions of dollars in defaulted loans.
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Bannon Released From Prison As Election, NY Trial Loom
Former President Donald Trump ally Steve Bannon was released from federal prison Tuesday after serving a four-month sentence for contempt of Congress, a week before Election Day and a month and a half ahead of his next criminal trial in New York.
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Share Of New Partners Who Are Women Decreased This Year
More than 80 major law firms had new partner classes in 2024 made up of at least 50% women, according to an analysis released Tuesday by a think tank focused on diversity and workplace flexibility. However, the analysis also found that the proportion of new U.S.-based partners who are women decreased.
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Episcopal Church Pension Group Names New CLO
Church Pension Group, a financial services organization providing benefits, insurance and publishing for the Episcopal Church, has named a seasoned in-house attorney its next top lawyer, who brings with her nearly two decades of experience mostly focused on finance, corporate governance and compliance.
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Experienced Financial Atty Named Wealth Manager's New GC
Focus Financial Partners Inc. announced that a longtime attorney at LPL Financial was named the New York-based wealth manager's general counsel as part of a series of leadership appointments.
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Blood Cancer Org. Gives Interim GC Permanent Role
The Leukemia & Lymphoma Society announced Tuesday that the New York-based research nonprofit has promoted its interim general counsel and chief legal officer to the role on a permanent basis as part of a group of leadership appointments.
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Akerman Hires 2 IP Partners From Kilpatrick In NYC
Akerman LLP announced Monday that two former partners at Kilpatrick Townsend & Stockton LLP are the latest additions to its intellectual property practice group in New York City.
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Approach The Bench: Judge Rosenthal Praises Zoom Hearings
While U.S. District Judge Lee Rosenthal calls the pandemic a disaster that "discombobulated" the federal courts, she thinks there was also a silver lining to the experience.
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How Certifications Became Ubiquitous For Privacy Attorneys
As privacy has become a more prominent and popular practice area, many attorneys have turned to certifications offered by the International Association of Privacy Professionals to market their skills, with those in the field saying that the popularity is the result of privacy's rapid evolution and the ubiquity is unlikely to diminish.
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The Psychology Of Top Firms' Growing Partner Pay Spreads
Dan Binstock, a legal recruiter who works with top law firms, recently said to me about partner pay, "You can never please everybody."
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Law Prof Calls Out Atty Fees, Workarounds In NAR Deal
A University at Buffalo Law School professor on Monday urged a federal judge to reject the National Association of Realtors' $1 billion settlement in an antitrust class action, arguing the deal only serves to enrich lawyers in the case while allowing an anticompetitive system to continue.
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Becker Appoints 5 New Vice Chairs, Chief Business Officer
Becker & Poliakoff PC announced Monday that the Florida-based firm appointed four of its attorneys and a senior director as vice chairs of their respective practices, along with giving its chief strategy officer the additional role of chief business officer.
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NY Firm Sued Over Botched $5M Art Collector Ch. 7 Dispute
A family enmeshed in New York's art world is suing their former attorneys in relation to a dismissed bankruptcy proceeding with an art collector over a breach of contract, alleging the attorneys' incompetence lost them $5 million when they moved the case from state court to a Chapter 7 bankruptcy filing.
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Ozy Media CEO Wants Conviction Nixed Over Judge's Assets
The New York federal judge who presided over the fraud and identity theft trial of former Ozy Media CEO Carlos Watson should be disqualified from the case because he failed to disclose that he had investments in four of the companies victimized by Watson, according to the onetime executive, who is trying to get his conviction overturned.
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Longtime New York Federal Judge John F. Keenan Dies At 94
U.S. District Judge John Fontaine Keenan of the Southern District of New York, a jurist of more than four decades who presided over major cases — like the litigation stemming from one of the world's deadliest industrial disasters in Bhopal, India, and the trial of former Filipino first lady Imelda Marcos — died on Sunday, according to a district source. He was 94.
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MSG Entertainment's New Top Lawyer Saw Comp Eclipse $2M
The interwoven business holdings of New York's Dolan family made major securities filings last week revealing that Madison Square Garden Entertainment paid its new general counsel just over $2 million in total compensation in fiscal 2024, and that separate company Madison Square Garden Sports has hired a new top legal officer.
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J. Crew Asks Court To Ratify Ex-GC's Arbitration Loss
J. Crew is asking a New York federal judge to confirm an arbitrator's ruling from earlier this month that found it hadn't fired its former legal chief, Maria DiLorenzo, in retaliation for her complaints about colleagues' discriminatory comments about her hearing loss.
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Simpson Thacher Taps Atty Duo As 1st Banking Team Leaders
Simpson Thacher & Bartlett LLP has named two longtime New York City-based partners, including the co-head of its global banking and credit practice, as the first co-leaders of its global investment banking practice, the firm announced Monday.
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Maynard Nexsen Creates Business Advisory Services Team
Maynard Nexsen PC has launched a new business advisory service aimed at privately held and family-owned businesses that will help steer clients through succession planning, mergers, risk management and other needs from both a legal and business perspective, according to a Monday announcement.
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King & Spalding Adds White & Case Antitrust Litigator In NY
King & Spalding LLP is expanding its business litigation team, announcing Monday it is bringing in a White & Case LLP litigator as a partner in its New York office to boost its antitrust capabilities.
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Longtime A&E Atty Retires As Entertainment Co.'s CLO
A&E Networks announced Monday that its chief legal officer will retire after 11 years, with the company's deputy general counsel set to succeed him in February.
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Linklaters Adds 4 A&O Shearman Finance Partners In NY
Linklaters LLP announced Monday the addition of four partners from the recently merged Allen Overy Shearman Sterling to the firm's finance division, deepening its U.S. capital markets and restructuring offerings in New York.
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NJ Suspends Ex-Carter Ledyard Partner After NY Disbarment
The New Jersey Supreme Court has ordered the indefinite suspension of a former Carter Ledyard & Milburn LLP partner, two years after a New York state appeals court disbarred the lawyer for ignoring subpoenas and failing to cooperate in a fee investigation.
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Kennedys' New Head Steps Up In 'Evolving' Insurance World
Meg Catalano, who was named Kennedys’ new global managing partner this week, joined Law360 Pulse to discuss her vision for the role and how the firm looks to stay on top of client needs in a volatile world under her leadership.
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NYC Bar Rates 4 Sitting Judges 'Not Approved' For Reelection
The New York City Bar Association announced Friday that four sitting judges in state and city courts seeking reelection had failed to show the qualifications needed to perform their duties, a rebuke that hasn't been seen in recent years.
Expert Analysis
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The Law Firm Qualities Partners Seek In Lateral Moves
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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.
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Small Steps Can Help Employers Beat Attorney Burnout
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.
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The Evolving Role Of The Law Firm Legal Secretary
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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.
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Series
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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.
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How Your Law Firm's Brand Can Convey Prestige
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.
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How Dynamic Project Management Can Help Law Firms
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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.
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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.
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A Road Map For Creating Law Firm Sustainability Programs
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.
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Why Firms Should Help Associates Do More Pro Bono Work
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.
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Confronting The Stigma Of Alcohol Abuse In Legal Industry
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.
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Opinion
Lawyers Have Duty To Push For Immigration Court Reform
Attorneys 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.
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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.
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5 Ways To Lead Lawyer Teams Toward Better Mental Health
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.
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How Your Summer Associate Events Can Convey Inclusivity
As law firms begin planning next year's summer associate events, they should carefully examine how choice of venue, activity, theme, attendees and formality can create feelings of exclusion for minority associates, and consider changing the status quo to create multiculturally inclusive events, says Sharon Jones at Jones Diversity.
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Series
Ask A Mentor: How Do I Negotiate Long-Term Flex Work?
Though the pandemic has shown the value of remote work, many firms are still reluctant to embrace flexible working arrangements when offices reopen, so attorneys should use several negotiating tactics to secure a long-term remote or hybrid work setup that also protects their potential for career advancement, says Elaine Spector at Harrity & Harrity.