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Delaware Pulse
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BigLaw Trio Join In On Matching Milbank Bonuses
Paul Weiss Rifkind Wharton & Garrison LLP, Cleary Gottlieb Steen & Hamilton LLP and Fried Frank Harris Shriver & Jacobson LLP are the latest BigLaw firms to go big on associate performance rewards, announcing they will match Milbank LLP in both year-end and special bonuses.
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Ex-Pharma CEO Demands Legal Fees For SEC Probe
Cancer treatment development company Eagle Pharmaceuticals Inc.'s founder and ex-CEO told Delaware's Chancery Court Wednesday that he is entitled to legal fees he says the company owes him in connection with a U.S. Securities and Exchange Commission probe into the company's accounting practices, saying he continues to incur fees in addition to the $875,000 he has already requested.
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BigLaw Begins Matching Milbank On Associate Bonuses
Following the news Tuesday that Cravath Swaine & Moore LLP will pay associates year-end and special bonuses in line with those handed out by Milbank LLP this year, the firms' peers have begun to respond, with swift matches Wednesday by Paul Hastings LLP and McDermott Will & Emery LLP.
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Cravath Matches Milbank On 2024 Associate Bonuses
Longtime legal compensation leader Cravath Swaine & Moore LLP has reportedly announced year-end and special bonuses for its associates in line with those offered by peer law firm Milbank LLP over the summer and earlier this month.
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Legal Tech Co. Sues For AI Company's IP Release In Del.
A U.S. company formed to use proprietary artificial intelligence and other tech and metrics to analyze witness credibility and emotions in legal proceedings has sued an Italian firm alleging breach of a contract duty to hand over essential, licensed intellectual property.
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Litigation Funder Can't Arbitrate German Biz's Discovery Bid
A Delaware federal judge has denied litigation funder Burford Capital's request to force arbitration of a discovery bid associated with foreign litigation accusing the German arm of law firm Hausfeld LLP of trying to circumvent a German ban on contingency fees in certain antitrust litigation.
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Law Firms Set To Close Out 2024 With Near-Record Billing
Amid high demand, billing rates at U.S. law firms were up 9% during the first nine months of 2024 compared to this time last year, revealing the industry is on track to see strong year-end financial results, according to survey results released Tuesday by Wells Fargo Private Bank.
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In-House Female Attys Say They Prefer Work Culture, Balance
In a first-of-its-kind survey by the National Association of Women Lawyers, in-house female attorneys report finding their work-life balance, work substance and workplace culture superior to that of law firms.
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Why AI May Be The Secret Weapon For Starting A Law Firm
The secret ingredient to opening a solo practice or small firm might be artificial intelligence, Chris Stock, a vice president at legal tech company Clio, said at the New York City Bar's Small Law Symposium last week.
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Where Women Are And Are Not Getting Ahead In Law
Women now make up the majority of law school graduates, law firm associates and lawyers in the federal government and will likely soon make up the majority of law school faculty, according to a report from the American Bar Association out Monday, however the proportion of women in certain positions of power within the profession continues to lag.
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What To Know About Digital Marketing Before Starting A Firm
At the New York City Bar's Small Law Symposium on Thursday, lawyers and a digital marketing expert broke down what attorneys looking to launch a law firm should be thinking about before launching a digital marketing campaign.
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Wilson Sonsini Partnership Class Drops Slightly To 16 Attys
Wilson Sonsini Goodrich & Rosati PC has elected 16 attorneys to its partnership, marking a dip from the 20 partners elected for 2024 and a further decline from its 23-attorney partner class for 2022, which was its largest partner class since 1999.
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Law360 Pulse Spotlight On Mid-Law Work
Wiley Rein's work on a $5 billion telecommunications deal and Brownstein Hyatt's representation of a debt-collection trade group lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Nov. 1 to 15.
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Litigator Becomes Newest Member Of Whiteford's Exec Board
Whiteford Taylor & Preston LLP has announced the appointment of an experienced litigation partner who's been with the firm for more than 25 years to its executive committee.
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Law360's Legal Lions Of The Week
Covington & Burling LLP leads this week's list of Law360 legal lions for helping Mark Zuckerberg beat multidistrict litigation claims alleging Meta concealed social media's risks to young users.
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Voir Dire: Law360 Pulse's Weekly Quiz
This was another action-packed week for the legal industry as President-elect Donald Trump announced key appointments and Milbank kicked off BigLaw bonus season. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Rawle & Henderson Hires Attorney To Lead Its Delaware Office
Rawle & Henderson LLP has announced that it has hired an experienced attorney, who previously ran his own law firm, to serve as managing partner of its Delaware office.
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How Reed Smith Helped Delaware ACLU Win Loitering Case
Attorneys for Reed Smith LLP, which helped the ACLU of Delaware recently secure a win for an organization that challenged state solicitation and antiloitering laws, told Law360 Pulse that they drew on the firm's litigation resources to do so.
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4 Law Firm Leaders On Why They're Dead Set Against Merging
As the number of U.S. law firm combination announcements this year ticks up over 90 with the newly announced merger between Herbert Smith Freehills and Kramer Levin, these four leaders tell Law360 Pulse they have no interest in entertaining such talks.
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Halloran Farkas Hires Former Delaware Attorney General
Halloran Farkas & Kittila LLP has announced that it has hired M. Jane Brady, a former Superior Court judge and the first woman to serve as Delaware's attorney general, to bolster its litigation and regulatory efforts.
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How Freeman Mathis Maintains Its '1 Office, 1 Firm' Culture
Atlanta-based Freeman Mathis & Gary LLP recently expanded its roster to include more than 400 lawyers across 21 states, but its managing partner said the firm remains committed to a “one office, one firm” philosophy.
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Law Firms Positioned To Finish 2024 On 'Very Strong' Note
The legal market is positioned to have a very strong year, with firms seeing increases in demand, revenue and attorney productivity during the first three quarters of 2024, according to the results of a survey by Citi Global Wealth at Work.
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What's Next For Court Reform In This New Political Climate?
Advocates are not holding out hope for bills that would firm up a code of ethics for the U.S. Supreme Court, impose term limits on justices or give judiciary employees antidiscrimination job protections, saying Republican control of the federal government will likely stall any progress that's been made with court reform efforts.
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In-House Counsel Less Wary Of Making BigLaw Jump
While most in-house counsel aren't actively looking to shift to private practice, a survey out Tuesday found there may be an increasing openness to that career lane shift if certain conditions — such as better salaries, work-life balance, and firm culture — are met.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q3
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 third quarter of the year.
Expert Analysis
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General Counsel And Legal Ops Must Work Together
It is critical for general counsel to ensure that a legal operations leader is viewed not only as a peer, but as a strategic leader for the organization, and there are several actionable ways general counsel can not only become more involved, but help champion legal operations teams and set them up for success, says Mary O'Carroll at Ironclad.
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How Generative AI's Growing Memory Affects Lawyers
A new ChatGPT feature that can remember user information across different conversations has broad implications for attorneys, whose most pressing questions for the AI tool are usually based on specific, and large, datasets, says legal tech adviser Eric Wall.
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A Model For Optimal Legal Tech Investment Strategy
Legal organizations struggling to work out the right technology investment strategy may benefit from using a matrix for legal department efficiency that is based on an understanding of where workloads belong, according to the basic functions and priorities of a corporate legal team, says Sylvain Magdinier at Integreon.
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Series
My Nonpracticing Law Job: Recruiter
Self-proclaimed "Lawyer Doula" Danielle Thompson at Major Lindsey shares how she went from Columbia Law School graduate and BigLaw employment associate to a career in legal recruiting — and discovered a passion for advocacy along the way.
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Series
Ask A Mentor: How Do I Balance Social Activism With My Job?
Corporate attorneys pursuing social justice causes outside of work should consider eight guidelines for finding equilibrium between their beliefs and their professional duties and reputation, say Diedrick Graham, Debra Friedman and Simeon Brier at Cozen O'Connor.
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Personality Tests And Machine Learning Applications In Law
Mateusz Kulesza at McDonnell Boehnen looks at potential applications of personality testing based on machine learning techniques for law firms, and the implications this shift could have for lawyers, firms and judges, including how it could make the work of judges and other legal decision-makers much more difficult.
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AI Is Reshaping Lawyering: What To Expect In 2024
The future of lawyering is not about the wholesale replacement of attorneys by artificial intelligence, but as AI handles more of the routine legal work, the role of lawyers will evolve to be more strategic, requiring the development of competencies beyond traditional legal skills, says Colin Levy at Malbek.
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Embrace Active Voice In Legal Writing — In Most Cases
Legal writers should strive to craft sentences in the active voice to promote brevity and avoid ambiguities that can spark litigation, but writing in the passive voice is sometimes appropriate — when it's a moral choice and not a grammatical failure, says Diana Simon at the University of Arizona's James E. Rogers College of Law.
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Series
Ask A Mentor: How Can I Help Associates Turn Down Work?
Marina Portnova at Lowenstein Sandler discusses what partners can do to aid their associates in setting work-life boundaries, especially around after-hours assignment availability.
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How AI Legal Research Tools Are Shifting Law Firm Processes
Although artificial intelligence-powered legal research is ushering in a new era of legal practice that augments human expertise with data-driven insights, it is not without challenges involving privacy, ethics and more, so legal professionals should take steps to ensure AI becomes a reliable partner rather than a source of disruption, says Marly Broudie at SocialEyes Communications.
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Data Source Proliferation Is A Growing E-Discovery Challenge
With the increased usage of collaboration apps and generative artificial intelligence solutions, it's not only important for e-discovery teams to be able to account for hundreds of existing data types today, but they should also be able to add support for new data types quickly — even on the fly if needed, says Oliver Silva at Casepoint.
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Bracing For A Generative AI Revolution In Law
With many legal professionals starting to explore practical uses of generative artificial intelligence in areas such as research, discovery and legal document development, the fundamental principle of human oversight cannot be underscored enough for it to be successful, say Ty Dedmon at Bradley Arant and Paige Hunt at Lighthouse.
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Why I Use ChatGPT To Tell Me Things I Already Know
The legal profession is among the most hesitant to adopt ChatGPT because of its proclivity to provide false information as if it were true, but in a wide variety of situations, lawyers can still be aided by information that is only in the right ballpark, says Robert Plotkin at Blueshift IP.
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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.