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Morgan Lewis & Bockius LLP announced its new global leadership team Thursday as longtime partner David McManus kicked off his five-year term as firm chair.
The Third Circuit said the first appellate fight over artificial intelligence training and fair use ultimately came down to an "ordinary copyright case," affirming that Ross Intelligence infringed Thomson Reuters' Westlaw headnotes when it used them to train a competing legal research platform.
Leaders of small to midsized law firms are expressing more concern about a long-standing problem, the cost of hiring and retaining talented attorneys, than they are about a new issue, the cost of AI and other technology, according to a survey released Wednesday.
Delaware powerhouse Potter Anderson & Corroon LLP is marking its 200th year in business, a year spent representing famous names and corporate giants like Nikola, Bally's, Pfizer and SiriusXM in matters ranging from bankruptcies to patents to corporate disputes.
The last three months of the year can be crunch time at many law firms, as lawyers scramble to meet their year-end goals. But for some junior associates, what they need to concentrate on and avoid may not always be clear.
A Delaware senate committee Tuesday advanced the nomination for a Richards Layton & Finger PA director to serve as a vice chancellor on the nationally important Chancery Court, with him vowing to continue the court's esteemed legacy for corporate law jurisprudence.
Less than three years after Pierson Ferdinand LLP launched with a group of breakaway attorneys from FisherBroyles LLP, the firm has reached a headcount of over 300 partners including five partner hires in September, it announced Tuesday.
A boutique bankruptcy firm with offices in multiple cities, Pachulski Stang Ziehl & Jones LLP has leveraged its nine-member Wilmington office into an insolvency force to be reckoned with, representing a diverse roster of clients that includes auto parts supplier Marelli Holdings, satellite communications company Inmarsat Global and creditors of biotech firm Azzur Group.
A Delaware Chancery Court magistrate has denied a motion from HerdDogg Inc.'s founder to recuse himself from presiding over litigation she brought seeking to place the agricultural technology company into receivership, saying "unequivocally" that the founder had not shown disqualification would be appropriate.
The Third Circuit on Tuesday upheld Thomson Reuters' victory against Ross Intelligence Inc. in the first U.S. appellate ruling to address whether artificial intelligence training can be fair use of copyrighted material, upholding a Delaware federal court's decision that the startup infringed Westlaw headnotes by using material derived from them to develop an AI-powered legal search tool.
Investment in AI, including building firm-specific proprietary tools, is the latest front among top law firms to gain and maintain elite status. Law360 spoke with legal industry leaders about how firms can embrace AI innovation to keep their competitive edge.
In the intense competition of the legal sphere, firms have to make a constant effort to stand out from the crowd. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction.
Explore this year's Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, appeal to attorneys and law students, accolades earned and positive coverage in the legal news media.
BigLaw's record-setting revenue streak shows no sign of slowing. Here, we highlight the firms that reported more than $1 billion in gross revenue in the latest year.
A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that more than $2.2 million had been transferred out of trust accounts in recent months.
Senior-level lawyers are leaving the corporate world to establish firms where they're strategic partners and trusted advisers to growth-stage companies. These fractional general counsel argue that their business model will grow in popularity amid artificial intelligence expansion that's changing legal services.
Bernstein Litowitz Berger & Grossmann LLP had another successful year representing shareholders in high-profile cases in Delaware's courts, including litigation involving World Wrestling Entertainment, Cencora, eXp World Holdings and Coinbase Global.
Cahill Gordon & Reindel LLP is giving out bonuses that range from $6,000 for the class of 2025 to $25,000 for the class of 2018.
CareOne's former general counsel cannot get an advancement of legal fees and expenses after his former employer sued him, Delaware's Court of Chancery has ruled, noting that the lawyer is asking the court "to enforce the very right he was instructed by his client to eliminate" a decade ago.
The U.S. legal education system could soon be plunged into disarray, after politics seemed to overshadow substance during an unusual hearing this week on whether to revoke an American Bar Association council's federal status as the primary accreditor of law schools, experts told Law360 Pulse.
O'Melveny & Myers LLP and Reed Smith LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit overturned a $140 million class verdict against CenturyLink, holding that the company had a reasonable interpretation of the Fair Credit Reporting Act.
An increasingly competitive marketplace for legal talent and attorneys moving their platforms frequently, recruiters say firms seem to be taking a more active role in monitoring their roster, relying more increasingly on digital monitoring to try and detect whether any of their attorneys are thinking about a possible lateral move.
BigLaw firms are turning over a new leaf and marking a busy start to autumn with a flurry of lateral moves this week. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The world of law has lost a legendary maverick, a civil rights icon and a legal operations trailblazer in the recent passing of Tom Sager, former general counsel of DuPont Nemours Inc.
With his experience at two top corporate law firms, the latest nominee for Delaware's Chancery Court would help the court maintain its status as the nation's preeminent corporate law venue amid increasing competition from business courts in other states, corporate law experts told Law360 Pulse this week.
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Biz Development Tip Of The Month: Build Relationship Habits
Meaningful relationships are foundational to business development, and they can be deliberately fostered through a set of habits for authentically, intentionally and consistently connecting with clients and colleagues — starting with people you already know and like, says Matthew Moran at V&E.
Artificial intelligence is already woven into everyday work for attorneys, so beyond questioning whether AI was used and approving such tools, legal leaders need to create a shared foundation for what good AI use looks like on their team, says Alex Denniston at Factor.
A company's contracts contain final, negotiated commercial commitments that reveal important growth, revenue and strategy insights, but for organizations that aren’t making two key structural changes, the information tends to remain within the legal department — untranslated and unused, says Shimane Smith at NerdWallet.
The U.K. offers 14 years' worth of data on private equity's involvement in the legal market, demonstrating for U.S. firms what worked, what didn’t and why, and illustrating several lessons about operational readiness, cultural fit and timing, says Tom Lenfestey at The Law Practice Exchange.
When firms attempt to deliberately organize their expertise, client relationships, business development, and thought leadership around specific industry verticals – sometimes called industry sector programs – several missteps commonly arise, but with discipline and alignment any firm can successfully grab market share, say Heidi Gardner at Harvard Law School and David Harvey at Harvey Global Consulting.
Firms of all sizes are accelerating lateral hiring of experienced partners because investing in senior expertise can pay off big — but for such an investment to work, firms need a disciplined strategy for vetting candidates, supporting their integration, and ensuring they'll generate real returns, says Shireen Hilal at Maior Strategic Consulting.
Similar to the way the transfer portal changed how many NCAA men’s basketball teams are built, artificial intelligence use in the legal industry is changing BigLaw’s lateral hiring market and creating a field where midmarket firms that develop their talent will hold an edge in the legal profession's next era, says Michael Ott at Ice Miller.
While wellness programs, flexible schedules and mental health resources are meaningful steps toward addressing burnout in the legal industry, a more effective approach must involve a redesign of law firm incentive structures, says retired attorney Jason Ward.
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Biz Development Tip Of The Month: Be An Industry Expert
Although taking the time to fully invest in a client and its industry is a big ask, it is well worth it for attorneys to understand the pressures, trends and constraints of a client's industry in order to build enduring business relationships, says Nonnie Shivers at Ogletree.
Sylvie Rodrigue at Torys discusses why authenticity is essential to women's career growth, why burnout is not the result of a lack of resilience, how the legal industry can better support women's mental health needs, and how firms can address gender gaps in senior roles.
Outside counsel’s lateral career moves can create uncertainty and disruption for companies, but if managed strategically, in-house legal teams can leverage partner mobility for more complete service, better pricing and stronger relationships with their law firms, says Theodore Edelman at GCE Advisors.
Perceived efficiency gains from artificial intelligence can create unsustainable workload expectations for in-house legal departments, so general counsel must proactively educate executives, reframe assumptions and tie legal judgment to business outcomes, say Karineh Khachatourian at KXT Law and Catie Cambridge at Docsum.
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Notes From A Partner-In-Charge On Lateral Hiring Strategy
In regional recruiting, firms that stand out to laterals can articulate a clear vision that connects local insight with global opportunity, demonstrate a culture that is lived rather than stated, and offer genuine room for growth, says Jason Novak, leader of Norton Rose's San Francisco office.
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Biz Development Tip Of The Month: Team Up With Marketing
There are several ways attorneys can engage with resources already at their fingertips in the form of their in-house law firm marketing departments, which can help you gain some visibility, earn kudos and build a solid book of business, say Ada Kase and Liz Lindley at Jaffe PR.
Attributing lawyers’ sense of unease with business development to self-doubt or weakness may misidentify an important source of discomfort — a keen intuition that an ask isn’t yet appropriate for the relationship — and lead to advice that ultimately backfires, says Paul Manuele at PR Manuele Consulting.