New York Pulse


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    More Law Firm Business Staffs See Discretionary Bonuses

    Law firms' administrators and staff have reported more discretionary bonuses, longer parental leave, increasing work-from-home policies and an overall decline in turnover rates, according to the latest annual report produced by the Association of Legal Administrators.

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    Cozen O'Connor Doubles Down On New York Growth

    In about four years, Cozen O’Connor's New York office has grown from about 80 lawyers to more than 140 — with possible plans to expand into a third floor at 3 World Trade Center.

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    Akerman Increases Promotion Class With 20 New Partners

    Akerman LLP announced Tuesday that it had elevated 20 of its attorneys to partner roles, spanning eight practices and 13 offices.

  • What Do You Know About BigLaw's Associate Bonus Plans?

    BigLaw has ushered in another busy bonus season as law firms announce extra compensation for associates. Test your legal news savvy with a special Law360 Pulse quiz on what firms have announced so far.

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    BigLaw's Special Bonuses Are A Hedge Against Uncertainty

    When Cravath Swaine & Moore LLP matched Milbank's 2024 bonuses with its own, the storied New York firm did not hand associates a single lump sum with the total amount, but instead chose to separate out year-end bonuses from special bonuses.

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    Dechert Associates Bridge Business Acumen Gap At Wharton

    Dechert LLP associates from the United States and Europe recently took part in an intensive, three-day program at the Wharton School of the University of Pennsylvania in Philadelphia. Here, Law360 Pulse speaks to Dechert’s co-chair and a firm associate on how the program helped bridge the gap between legal expertise and business acumen.

  • Rikers Faces Federal Takeover As NYC Held In Contempt

    A Manhattan federal judge found New York City and its corrections department in civil contempt for failing to fix the "unconstitutional danger" for inmates at Rikers Island, indicating a receivership is the solution.

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    2024 Associate Bonus and 2025 Salary Tracker

    UPDATED December 13, 2024 | As the year draws to a close, an increasing number of large and other elite law firms are falling in line with a bonus scale set by market leader Milbank LLP, which in many cases puts more money in the pockets of law firm associates than ever before.

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    Bonus Season Heats Up As More Firms Match Milbank's Scale

    The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.

  • Nadine Menendez's Atty Seeks Trial Delay Due To Jan. 6 Case

    Counsel for Nadine Menendez in a bribery case that toppled her husband, former U.S. Sen. Robert Menendez, asked a New York federal judge to delay her January trial date because it would likely conflict with the trial of another client facing charges in March in the 2021 Capitol insurrection.

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    Ropes & Gray Atty Is Kirkland's Latest Debt Finance Hire

    Kirkland & Ellis LLP announced the latest of several recent additions to its debt finance group on Monday, a Ropes & Gray LLP partner with a host of multibillion-dollar deals under his belt.

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    Armstrong Teasdale Grows In Big Apple With New IP Partner

    Armstrong Teasdale has welcomed an intellectual property partner to its New York office who brings more than 15 years of in-house and private practice experience and a doctorate in molecular biology and genetics.

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    BigLaw's Rate Hike Strategy Continues To Pay Off

    A few years ago, when large law firm billing rates started to rise at an unprecedented pace, I remember many commentators said it couldn't last for long and that it was only a matter of time before client pushback would begin to swing the pendulum back in the other direction.

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    Ropes & Gray Expands NY Presence With New Midtown Lease

    Ropes & Gray LLP has signed a new lease with RXR Realty for larger office space in midtown Manhattan due to substantial growth in New York, the firm announced Monday.

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    Giuliani's New Atty Faults Previous Counsel As NY Trial Nears

    A Manhattan federal judge declined Tuesday to delay a January trial over whether Rudy Giuliani must turn over his Florida condo and World Series rings to fund a $148 million defamation judgment, after the former New York City mayor's new lawyer criticized outgoing counsel.

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    Vinson & Elkins Unveils Expanded Partner Class for 2025

    Vinson & Elkins LLP will exceed its partnership class from the prior year, announcing plans to promote 11 attorneys to partner and another 18 to counsel in 2025.

  • Uber Negligence Case Can Be Arbitrated, NY High Court Says

    New York's highest court affirmed on Monday that a woman who was struck by a car upon exiting an Uber in Brooklyn must pursue her negligence claims in arbitration, after a divided panel upheld the rideshare company's "clickwrap" arbitration agreement.

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    Law Firm Leasing Surpasses Pre-COVID Rate So Far In 2024

    The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.

  • DOJ Says Realtor Commissions Deal Is No Antitrust Shield

    The U.S. Department of Justice warned the National Association of Realtors that changes to broker commission rules agreed to in a settlement with home sellers do not shield the industry from government antitrust scrutiny.

  • J.S. Held Acquires Forensic Accounting Firm Luttrell Wegis

    J.S. Held, a global consulting firm, has acquired Lutrell Wegis LLP, a California-based forensic accounting and business valuation firm, in a move one of the new company's co-founders said will strengthen their companies' capabilities.

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    Akin Announces Associate Bonuses, 2025 Salary Scale

    Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.

  • Sanctions Sought Against Reed Smith In Eletson Ch. 11

    Creditors of bankrupt gas tanker operator Eletson Holdings Monday called for "harsh sanctions" against company directors and officers and their attorneys at Reed Smith, saying they are peddling bogus legal theories to stall the company's reorganization.

  • Attys Fight Sanctions In Dropped Bob Dylan Abuse Suit

    An attorney for two solo practitioners sanctioned for not turning over discovery material in a now-abandoned sexual assault suit against Bob Dylan told Second Circuit judges Monday that "lawyers are not their clients," arguing that the pair never personally disregarded a court order or instructed their client to do so.

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    Jack Smith Drops Trump's Federal Cases

    Special counsel Jack Smith on Monday moved to drop the federal prosecutions of President-elect Donald Trump in D.C. and Florida, citing long-standing Justice Department policy barring the prosecution of a sitting president while insisting that the government "stands fully behind" the merits of the charges.

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    SDNY's Williams To Resign Before Trump Takes Office

    Manhattan U.S. Attorney Damian Williams said Monday he will resign Dec. 13, clearing the way for President-elect Donald Trump's nominee, former U.S. Securities and Exchange Commission chair Jay Clayton, to run the office next year.

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Expert Analysis

  • 10 Principles For Effective Partner Reward Systems Author Photo

    Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.

  • Why Interdisciplinarity Is Key To Designing The Future Of Law Author Photo

    The legal profession faces challenges that urgently demand new solutions, and lawyers and firms can address this by leaning on other industries that have more experience practicing, teaching and incorporating innovation into their core business and service models, says Jennifer Leonard at the University of Pennsylvania.

  • Incorporating ADA Guidance Into Lawyer Wellness Movement Author Photo

    The Americans with Disabilities Act and rules of professional conduct may help the legal profession promote lawyer well-being by focusing on mental conditions' actual impact, rather than on associated stereotypes, says Alex Long at the University of Tennessee College of Law.

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    Ask A Mentor: How Can New Partners Generate Business? Author Photo

    Christine Wong at MoFo discusses how newly elected partners can prioritize business development by creating a strategic plan with the firm's marketing team and strengthening relationships with professional and personal networks.

  • 9 Writing Tips From The Justices' Opinions Last Term Author Photo

    Hidden in the U.S. Supreme Court’s opinions from the last term are each justice’s talents for crafting choice turns of phrase, highlighting best practices for attorneys to jump-start their own writing, says Ross Guberman at BriefCatch.

  • What Web3 Means For Lawyers' Ethical Duties Author Photo

    As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.

  • NY's Cybersecurity CLE Rule Is A Sign Of Changing Times Author Photo

    New York's recently announced requirement that lawyers complete cybersecurity training as part of their continuing legal education is a reminder that securing client information is more complicated in an increasingly digital world, and that expectations around attorneys' technology competence are changing, says Jason Schwent at Clark Hill.

  • Opinion

    Law Firms Stressing Work-Life Balance Are Missing The Mark Author Photo

    Law firms struggling to attract and retain lawyers are institutionalizing work-life balance through hybrid work models, but such balance is elusive in a client services and tech-dependent world, underscoring the need for firms to instead aim for attorney empowerment and true balance within — not outside — the workplace, says Joe Pack at Pack Law.

  • A Law Student's Guide To Thriving As A Summer Associate Author Photo

    Summer associates are expected to establish a favorable reputation and develop genuine relationships in a few short weeks, but several time management, attitude and communication principles can help them make the most of their time and secure an offer for a full-time position, says Joseph Marciano, who was a 2022 summer associate at Reed Smith.

  • Burnout Prevention Requires Effort From Attys And Firms Author Photo

    To avoid physical and emotional exhaustion, attorneys must respect their own and their colleagues' personal and professional boundaries, but law firms must also play a role in discouraging burnout culture — especially if they are struggling with attorney retention, say attorneys at Lowenstein Sandler.

  • How I Owned My Power As An Asian American Woman In Law Author Photo

    Gibson Dunn's Debra Yang shares the bumps in her journey to becoming the first female Asian American U.S. attorney, a state judge and a senior partner in BigLaw, and how other women can face their self-doubts and blaze their own trails to success amid systemic obstacles.

  • Successful In-House Alt Legal Services Start With 4 Questions Author Photo

    Law firms that are considering creating an in-house alternative legal service provider should focus not on recapturing revenue otherwise lost to outside vendors, but instead consider how a captive ALSP will better fulfill the needs of their clients and partners, say Beatrice Seravello and Brad Blickstein at Baretz & Brunelle.

  • 3 Reasons To Embrace Jargon In Legal Marketing Content Author Photo

    Ignore what you've been told about jargon — adding insider industry terms to your firm's marketing and business development content can persuade potential clients that you have the specialized knowledge they can trust, says Wayne Pollock at Law Firm Editorial Service.

  • Future Lawyers Expect DEI Commitments Beyond Recruiting Author Photo

    To attract future lawyers from diverse backgrounds, firms must think beyond recruiting efforts, because law students are looking for diversity, equity and inclusion initiatives that invest in employee professional development and engage with students year-round, says Lauren Jackson at Howard University School of Law.

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    Ask A Mentor: How Can Law Students Build Real-World Skills? Author Photo

    Allison Coffin at Akin Gump discusses how summer associates going back to school can continue to develop real-world lawyering skills by leveraging the numerous law school resources that support professional development both inside and outside the classroom.

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