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New York Pulse
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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.
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Judge Chides Bid To Swap Credit Suisse Suit's Lead Plaintiff
A New York federal judge has rejected an investor's bid to supersede the current lead plaintiff in a securities fraud suit over Credit Suisse's 2023 collapse, saying the petitioning investor had "jumped at the opportunity to sell out his fellow class members" with the replacement motion and criticizing his lawyer too.
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National Footprints Scramble Partner Pay's Link To Location
Law firm partners' increasing pay often varies based on where those attorneys are located, a fact reinforced by a new study out Thursday, but experts say the relationship between compensation and location has become more complicated as more firms operate on a national scale.
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Insurers Have Long Used AI; Now Litigation Funders Want In
As State Farm waded into the nascent field of "artificial intelligence" tools in the mid-1980s, its mainframe computers began to overheat under the strain of calculating the values of claims.
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NY Sees Its Highest July Bar Passage Rate Since 2013
The state of New York saw the highest passage rate this year for its July bar exam since 2013, with the state's bar examination organization saying 69% of the more than 10,000 test-takers made it through.
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Milber Makris Expands Trial Capabilities With 15 Attys In NY
Milber Makris Plousadis & Seiden LLP, a full-service civil litigation defense firm for the insurance industry, has expanded its litigation and trial capabilities with the addition of 15 attorneys from Zaklukiewicz Puzo & Morrissey LLP and Gartner & Bloom PC in New York.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another action-packed week as firms prepared for increased lobbying activity in anticipation of the upcoming election, while lawyers nationwide came together to support a nonpartisan initiative focused on protecting the electoral process. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Adams Rips Feds, Calling Explanation For Leaks 'Far-Fetched'
Attorneys for New York City Mayor Eric Adams on Friday renewed their claims that the prosecutors handling his bribery and corruption case leaked secret grand jury information to the press, arguing that the alternative explanation that either Adams or his co-defendants made the leaks was a "far-fetched claim."
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Law360's Legal Lions Of The Week
Kemp Jones LLP, Parker Nelson & Associates and Campbell & Williams lead this week's list of Law360 legal lions with back-to-back wins in ongoing litigation against a bankrupt "alkaline water" company.
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4th Circ. Backs Sanctioning Firm $1M For 'Defiance' Of Court
The Fourth Circuit on Thursday upheld a roughly $1 million sanction against the law firm of New York plaintiffs attorney Paul J. Napoli for its purportedly frivolous filings in a battle with another firm over asbestos litigation client referrals, saying the firm's misconduct was in "direct defiance" of a Maryland federal court's authority.