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Delaware Pulse
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Paul Weiss Revenue Grows By More Than 30%
Paul Weiss Rifkind Wharton & Garrison LLP reported high double-digit growth in 2024, with revenue increasing by more than 30% amid continued success on both sides of the Atlantic.
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Fox Rothschild Expands In Del. With Litigator From Boutique
Fox Rothschild LLP has added an attorney to its Delaware office who spent more than a decade at commercial litigation boutique Abrams & Bayliss LLP to bolster its ability to handle cases in the Chancery and other courts.
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Law Firm Marketing Budgets Have Fallen Behind Firm Growth
During a period when many law firms experienced strong revenue and headcount growth, the industry's marketing budgets did not grow at the same pace, according to the results of a survey released Thursday.
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Jailed Ex-FTX Exec's Lawyers Can't Drop From Ch. 11 Suit
Attorneys from Montgomery McCracken Walker & Rhoads LLP representing former FTX Trading executive Ryan Salame cannot yet withdraw as his counsel in an adversary case seeking the return of $99 million in company funds after a Delaware bankruptcy judge said Wednesday he needed more information about the firm's difficulties in communicating with their incarcerated client.
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Ballard Spahr Launches AI Tools Led By 'Ask Ellis' Chatbot
National law firm Ballard Spahr will roll out a custom suite of generative artificial intelligence tools, highlighted by Ask Ellis, a chatbot named after a co-founding attorney of the 140-year-old firm.
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4 Tips To Hit Billable Hours Out Of The Park This Year
Early in the year is the best time to start to think about billable hour targets and strategies for how to meet them, according to partners and attorney career coaches. Here are four strategies those experts say will help associates hit a home run this year.
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Primary Sponsor Of Del.'s Corporate Law Rework Defends Bill
Delaware Senate Majority Leader Bryan Townsend cited the "urgency of the moment" Tuesday during an interview with Law360 on fast-tracking proposed amendments to the state's General Corporation Law, aimed at increasing protections from liability for directors, officers and controlling stockholders in an effort to stem a feared corporate exodus from The First State.
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Kirkland Regains Top Spot in 2024 Performance Ranking
Kirkland & Ellis LLP surged back to the top of legal market intelligence provider Leopard Solutions' annual Law Firm Index released on Tuesday with a perfect score for the year, while last year's leader Latham & Watkins LLP slipped to fourth place.
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Masimo Aims To DQ Hueston Hennigan As Ex-CEO's Counsel
Masimo Corp. is urging the Delaware Chancery Court to disqualify Hueston Hennigan LLP from representing its founder and former CEO in a lawsuit over his quest for a $450 million payout from the medical technology company, arguing the firm has a conflict of interest.
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Law Firms Walk DEI Tightrope Amid Political Pressure
Law firms that once led the charge on diversity initiatives now find themselves walking a tightrope, balancing their long-standing commitments to diversity with shifting corporate priorities and political pressure stemming from the Trump administration's efforts to curtail such programs.
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Law Firm Leasing Reaches Highest Level Since Before COVID
Law firms in the United States have broken through years of pandemic-related uncertainty about market conditions and the need for office space to record the highest volume of lease activity in more than five years, according to newly released data.
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Moves To Change Del. Corporate Law Spark Pushback
A public opposition campaign complete with website and street signs has surfaced to oppose corporation and bar-backed legislation that would overhaul Delaware stockholder litigation rights and fee awards, intensifying an already unprecedented political fight that broke out last year over corporate governance concessions.
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ABA Suspends Law School DEI Standards Until Summer
The American Bar Association has announced that it is holding off on enforcing its diversity and inclusion standards for law schools in light of recent executive orders by the new presidential administration.
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Law360 Pulse Spotlight On Mid-Law Work
Law firm Davis Graham's handling of a suit against the U.S. Department of Homeland Security on behalf of Denver Public Schools and Adams and Reese LLP's handling of a $495 million timber sale lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Feb. 7 to Feb. 21.
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Law Firms Chart New Leadership Paths In Changing Times
As law firms grow larger and more tech-driven, law firm leaders are shifting their focus more on embracing technology, refining communication strategies and building stronger personal brands to guide their firms through changes, an upcoming white paper found.
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Law360's Legal Lions Of The Week
Clement & Murphy PLLC, Ropes & Gray LLP, Paul Weiss Rifkind Wharton & Garrison LLP and Faegre Drinker Biddle & Reath LLP lead this week's edition of Law360 Legal Lions, after the First Circuit determined that a major avenue for False Claims Act enforcement requires proof that kickbacks directly changed medical treatment decisions.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry marked another action-packed week with a bevy of BigLaw hires and a new special spring bonus. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Del. Chief Justice Targets Social Media's Pressure On Courts
Acknowledging that "some of those who lose don't take it well" and have tools to "cause judges great pain," Delaware's chief justice told a state budget panel Thursday that social media had amplified dissatisfaction with some court rulings despite global respect for the state's system.
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Snapshot: Delaware Lawmakers Target Hefty Atty Fee Awards
Amid a push by Delaware lawmakers to overhaul the First State's corporation law provisions, the state Senate is seeking recommendations aimed at avoiding "excessive" attorney fee awards in corporate litigation, drawing a mixed reaction from lawyers and a corporate law scholar.
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Troutman Pepper Launches Tariff Task Force
Troutman Pepper Locke LLP said it has formed a tariff task force aimed at helping clients navigate the Trump administration's tariffs.
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Lamb McErlane Arrives In Delaware With 6th Office
Lamb McErlane PC has opened an office in Delaware to better meet its clients' needs and plans to add more lawyers and practice areas in the future, the firm's managing partner told Law360 Pulse on Thursday.
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AI Adoption Nearly Doubled In Legal Sector After 1 Year
Nearly 40% of surveyed legal professionals said in 2024 that their company has implemented an enterprise artificial intelligence solution like Microsoft Copilot, an increase from 20% of respondents in 2023, according to a new report.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q4
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the fourth quarter of the year.
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Del.'s High-Speed Corporate Law Rework May Blunt Plaintiffs
A fast-moving amendment of Delaware's mainstay corporation law, aimed in part at curbing big fees, limiting some breach of fiduciary claims and stemming a perceived corporate exodus, has left plaintiffs attorneys playing catch-up as the recently revealed measure heads toward a first hearing next month.
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Lessons From A Landmark Year For Women Law Firm Leaders
In 2021, the legal industry saw a major wave of first-time women leaders. Law360 Pulse revisits that class and what experts say about the number of women in leadership positions across the legal profession.
Expert Analysis
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Series
Ask A Mentor: How Can I Use Social Media Responsibly?
Leah Kelman at Herrick Feinstein discusses the importance of reasoned judgment and thoughtful process when it comes to newly admitted attorneys' social media use.
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Yada, Yada, Yada: The Magic Of 3 In Legal Writing
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Attorneys should take a cue from U.S. Supreme Court justices and boil their arguments down to three points in their legal briefs and oral advocacy, as the number three is significant in the way we process information, says Diana Simon at University of Arizona.
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How Firms Can Stop Playing Whack-A-Mole With Data Security
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In order to achieve a robust client data protection posture, law firms should focus on adopting a risk-based approach to security, which can be done by assessing gaps, using that data to gain leadership buy-in for the needed changes, and adopting a dynamic and layered approach, says John Smith at Conversant Group.
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5 Life Lessons From Making Partner As A Solo Parent
Laranda Walker at Susman Godfrey, who was raising two small children and working her way to partner when she suddenly lost her husband, shares what fighting to keep her career on track taught her about accepting help, balancing work and family, and discovering new reserves of inner strength.
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Series
Ask A Mentor: How Can I Turn Deferral To My Advantage?
Diana Leiden at Winston & Strawn discusses how first-year associates whose law firm start dates have been deferred can use the downtime to hone their skills, help their communities, and focus on returning to BigLaw with valuable contacts and out-of-the-box insights.
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Resume Gaps Are No Longer Kryptonite To Your Legal Career
Female attorneys and others who pause their careers for a few years will find that gaps in work history are increasingly acceptable among legal employers, meaning with some networking, retraining and a few other strategies, lawyers can successfully reenter the workforce, says Jill Backer at Ave Maria School of Law.
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Law Firm Guardrails For Responsible Generative AI Use
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
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Opinion
We Must Continue DEI Efforts Despite High Court Headwinds
Though the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
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Law Firms Cannot Ignore Attorneys' Personal Cybersecurity
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
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Why Writing CLE Should Be Mandatory For Lawyers
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Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.
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How To Find Your Inner Calm When Client Obligations Pile Up
In the most stressful times for attorneys, when several transactions for different partners and clients peak at the same time and the phone won’t stop buzzing, incremental lifestyle changes can truly make a difference, says Lindsey Hughes at Haynes Boone.
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Series
Ask A Mentor: How Can I Support Gen Z Attorneys?
Meredith Beuchaw at Lowenstein Sandler discusses how senior attorneys can assist the newest generation of attorneys by championing their pursuit of a healthy work-life balance and providing the hands-on mentorship opportunities they missed out on during the pandemic.
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Law Firm Cybersecurity Should Not Get Lost In The Cloud
A recent data leak at Proskauer via a cloud data storage platform demonstrates key reasons why law firms must pay attention to data safeguarding, including the increasing frequency of cloud-based data breaches and the consequences of breaking client confidentiality, says Robert Kraczek at One Identity.
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Advice For Summer Associates Uneasy About Offer Prospects
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
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How Law Firms Can Cautiously Wield AI To Streamline Tasks
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.