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Haynes Boone is handing its associates year-end and special bonuses in line with those offered by a significant portion of BigLaw this year, largely adhering to a bonus scale first put forward by Cravath Swaine & Moore LLP in November, a firm spokesperson confirmed Monday.
Billing rates from law firms varied widely in the first half of 2025, and corporate legal departments will need to anticipate tiered and regional shifts in fee dynamics to keep costs under control next year, according to a report released Monday by Wolters Kluwer's ELM Solutions.
As lawyers across the U.S. tally their hours and take stock of how the past year unfolded, a recent Law360 Pulse survey suggests many will meet their billable goals, but often at the expense of their mental health and work-life balance.
Generative AI is raising questions about how time-based billing adapts when tasks become faster to complete, but most attorneys recently surveyed by Law360 Pulse are skeptical that AI will shift expectations anytime soon.
Foley Hoag's handling of a suit challenging the proposed White House ballroom and Vedder Price's work on a $2 billion transaction with Goldman Sachs lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Dec. 4 to 19.
Five firms lead this week's edition of Law360 Legal Lions, after the D.C. Circuit reinstated an order that blocked the U.S. Environmental Protection Agency from freezing grants for climate change projects.
The legal industry had another action-packed week with a mega law firm merger announcement and eye-popping year-end bonuses at a handful of elite boutiques. Test your legal news savvy here with Law360 Pulse's weekly quiz.
In 2025, Mid-Law firms were under increasing pressure to grow, with mergers typically being the most attractive option, leading to several high-profile mergers of midsize, midmarket and regional firms being acquired and numerous Mid-Law firms themselves absorbing smaller firms amid ongoing industry consolidation.
A former Young Conaway Stargatt & Taylor LLP attorney has launched his own dispute resolution boutique in Delaware to provide third-party neutral services to clients, a move he told Law360 Pulse is aimed at filling a market need.
Delaware's Chancery Court will soon be losing its senior magistrate, as she is returning to private practice to serve as a professional neutral.
A Delaware federal judge said Wednesday she wasn't happy with the tone used by attorneys defending a radiopharmaceutical company from patent infringement claims and that she does not condone the attorneys' conduct in improperly contacting three inventors named in a patent at issue, but she declined to issue the severe sanction of kicking them off the case.
Glenn Agre Bergman & Fuentes LLP told its associates in a memo last week that it would be issuing year-end bonuses ranging from $15,000 to $115,000 and special bonuses ranging from $6,000 to $25,000 based on seniority, with the chance to receive premiums above the year-end bonuses based on "extraordinary dedication and/or performance."
Susman Godfrey LLP announced on Tuesday that it is topping New York's bonus scale with payouts that range from a median of $120,000 for first-year associates to a median of $280,000 for the most senior associates.
The number of U.S. legal industry jobs remained level in November after inching up just 300 positions in October from the previous month, according to preliminary data released Tuesday by the U.S. Bureau of Labor Statistics.
Two prominent international arbitration professors and a Pashman Stein Walder Hayden PC partner are urging the Third Circuit to revisit its decision dismissing on jurisdictional grounds Burford Capital's bid to arbitrate a dispute relating to German antitrust litigation.
The erosion of skills for junior associates, deepfakes as evidence in court and the lack of technical knowledge in law firms were among the top fears and challenges listed by the American Bar Association in a new report about artificial intelligence in the legal profession.
Trial boutique Elsberg Baker & Maruri PLLC announced Monday that its associates will earn up to $226,250 in extra cash this year.
Public confidence in state courts held steady this year, even as more Americans seem to have lost faith that those courts provide equal justice to everyone, according to new research.
Cravath Swaine & Moore LLP and Faegre Drinker Biddle & Reath LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit handed Epic Games Inc. a partial win by mostly affirming an injunction blocking Apple Inc. from charging developers "prohibitive" commissions on iPhone app purchases made outside its systems.
Axinn Veltrop & Harkrider LLP is giving out bonuses of up to $240,000 for its associates, according to an in-house memo seen by Law360 Pulse.
The acting U.S. Attorney for Delaware said Friday that she is resigning, citing "a highly politicized, flawed blue-slip tradition" for nominees and saying she "fully" supports her first assistant, who has been appointed by a federal judge to succeed her.
The legal industry had another action-packed week as law firms announced year-end bonuses and continued to expand their bench of talent. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Litigation boutique Pallas Partners announced Thursday that it is offering high-performing senior U.S. and U.K. associates and counsel as much as $232,000 in bonuses this year.
A judge has approved $650,000 in fees for lead plaintiff's counsel as part of a $1.95 million settlement to end a Delaware federal court suit claiming a smart lock system company misrepresented key business metrics in the lead-up to its 2021 go-public merger.
Richards Layton & Finger PA and Cyrulnik Fattaruso LLP attorneys told Law360 Pulse they helped their clients beat a $1.2 billion damages claim from former Straight Path Communications stockholders by tackling head-on aspects of the case that weren't favorable to their side.
As in-house legal departments are increasingly expected to do more with less, developing a thoughtful framework to measure key performance indicators can help them both maximize and demonstrate their contribution to business success, say co-founders at New Era ADR.
Series
Defining The Culture For A Legal Nonprofit
We co-founded The International Academy of Financial Crime Litigators to connect leading trial lawyers, litigation experts and academics, and our experience has shown that embracing opportunity, responding fearlessly to market realities, and relentlessly defining the organization’s culture have all been integral to success, say Stéphane Bonifassi, Lincoln Caylor and Elizabeth Ortega.
A few key trends have arisen in partners’ lateral movements in the first half of 2025, reflecting a legal market defined by macroeconomic uncertainty, shifts in firm structures and rising scrutiny of firm affiliations, say legal recruiters at Macrae.
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Biz Development Tip Of The Month: Be A Mentor Or Mentee
Mentorship is a powerful tool for business development when both mentors and mentees approach their relationships with strategic purpose, ensuring professional success while supporting broader business goals, say Angela Liu at Dechert and Jessica Lewis at WilmerHale.
Junior attorneys are increasingly expected to start building books of business while they are still figuring out their long-term career goals, but a few pointers can help young lawyers develop business even when they’re uncertain about their future direction, says Lana Manganiello at Practice Growth Partner.
As cyberattacks on law firms continue to escalate, bar associations, law firms and individual lawyers must all take steps to protect client funds in attorney trust accounts — from imposing cyber hygiene mandates to reimagining malpractice coverage — because once that money is gone, it’s generally gone for good, says Michael Epstein at The Epstein Law Firm.
Pricing strategy is one of the most consistently discussed but underleveraged tools in a firm's arsenal, and rather than keeping hourly billing because it's easy, firms should consider their differentiators when structuring more effective fee models, says Shireen Hilal at Maior Consultants.
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Achieving Organic Growth For A Legal Nonprofit
We started Law Rocks to promote music education for underprivileged youth and raise funds for local nonprofits, and our 15-year journey has shown that enthusiasm, persistence and a great network can lead to a surprising amount of organic growth, say Nick Child and Ted Scott at Secretariat.
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Biz Development Tip Of The Month: Engage With The Media
Business development is all about awareness — and by taking existing skills and adapting them to build media relationships and thereby address today's audiences, lawyers can expand their outreach and use thought leadership to build a more complete, compelling personal brand, says Michael Goodwin at Stanton PR.
When seeking outside legal advisers, general counsel want commercially savvy lawyers who cultivate relationships of trust with their in-house counterparts, back up the GC's authority and focus on actionable advice instead of abstract legal analysis, say Andrew Dick at The L Suite and Rob Morvillo at Olo.
Roundup
Nonprofit Launch Tips From Founders In The Legal Industry
In this season of giving, take a look back at this Law360 series featuring legal professionals who have founded industry-related nonprofits. They discussed the biggest challenges to getting started, and how to balance the launch and management of an organization along with the demands of their primary work.
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Generating Confidence In A Legal Nonprofit
I started LawWithoutWalls to change the way legal professionals see and think about their world, and it taught me the importance of giving people a reason to believe in your nonprofit mission, as well as how to achieve work-life integration, says Michele DeStefano at the University of Miami.
Nonequity partners report the lowest satisfaction, highest stress and poorest financial outlook of any group of lawyers, highlighting a growing structural disconnect that leaves attorneys at many firms feeling like the ladder has been pulled up behind those who already ascended, says Jake Carroll at Nelson Mullins.
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Building Brand Awareness For A Legal Nonprofit
I co-founded the Bridging the Gap Scholarship as a way to increase minority representation in BigLaw, and my advice for other legal professionals starting a nonprofit is to focus on building brand awareness early on, and to get comfortable delegating work to a dedicated team, says Imani Maatuka at Sidley.
Understanding where colleagues in other practice areas shine can help attorneys confidently cross-sell each other's services and bring in business to keep the firm afloat in hard times, says Joe Calve at Calve Communications.