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Private equity firm Uplift Investors hasn't been shy about its foray into the legal industry, continuing this week its unusually public run of unveiling deals between the company's managed services organization and personal injury law firms, a market drawing increasing attention from outside investors.
In a climate where immigration lawyers are coming under the Trump administration’s scrutiny to tamp down on asylum fraud, law students are being ignited to enter the workforce early and rectify the injustices they see.
Gibson Dunn & Crutcher LLP has hired a former Ropes & Gray LLP partner, who works with a myriad of health regulatory and drug pricing matters, advising pharmaceutical manufacturers, investors and other entities on those issues, the firm announced Thursday.
Robinson & Cole's work on a special purpose acquisition vehicle transaction and Berger Montague's handing of a suit over college athlete compensation lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from June 5 to 18.
Greenberg Traurig LLP has added a former Bank of New York Mellon executive as of counsel in its finance practice in New Jersey, the firm announced Wednesday.
Law firms continued to dole out raises and bonuses during another busy week for the legal industry. Test your legal news savvy here with Law360 Pulse's weekly quiz.
International law firm Broadfield announced the hiring of a former White & Case LLP attorney as a partner in its New York corporate practice and as chair of the firm's innovation committee.
Simpson Thacher & Bartlett LLP has boosted its energy and infrastructure practice with a Houston-based partner who came aboard from Latham & Watkins LLP.
U.S. law firm Boies Schiller Flexner LLP has elected a senior arbitration partner in its London office to a place on its executive committee, which has expanded from nine seats to 10.
A former artificial intelligence and knowledge management expert from Fried Frank Harris Shriver & Jacobson LLP has joined Kilpatrick Townsend & Stockton LLP as director of innovation, executive search firm The Alexander Group announced Thursday.
Jenner & Block LLP has hired a former Perkins Coie LLP associate who joins the firm as a special counsel in Washington, D.C., to work on communications, internet and technology matters, the firm announced this week.
As Mintz Levin Cohn Ferris Glovsky and Popeo celebrates its 20th anniversary in San Diego, the office's managing member, Scott M. Stanton, discusses leadership, business development and good reads with Law360.
A New York judge Wednesday declined to permanently bar former majority owners of Eletson Gas from attempting to exercise control over the company or interfering with new leadership, finding the request goes beyond the initial relief sought.
Sidley Austin LLP is planning to move its Chicago office to the upcoming 45-story, 1 million-square-foot office tower in the city's Fulton Market neighborhood, the firm announced.
Troutman Pepper Locke LLP has hired a former McDermott Will & Schulte tax partner who focuses his practice on tax credits for renewable and transitional energy, as well as other energy-financing matters, the firm recently announced.
Winston Taylor announced Wednesday that it made senior appointments across four major commercial centers around the globe.
Two more litigation boutiques are the latest firms to adopt the Milbank LLP base pay scale for associates, with Yetter Coleman LLP in Houston sweetening the pot by raising its judicial clerkship bonus to $145,000.
A Georgia federal judge disciplined for having sex in her chambers has also drawn scrutiny for not fully supervising her clerks — a failure that can weaken mentorship opportunities and further deteriorate the relationship between judges and clerks, say some scholars.
The former acting general counsel for the White House's Office of the National Cyber Director, who most recently worked as U.S. digital currency counsel at the U.S. Department of Justice, has joined K&L Gates LLP as a partner.
Akin Gump Strauss Hauer & Feld LLP has hired a new chief business development officer who previously held the same role at Simpson Thacher & Bartlett LLP.
Dunn Isaacson Rhee LLP is the latest firm to match the pay scale for associates set earlier this month by Milbank LLP, with salaries at the boutique set to increase by $10,000 to $20,000 next month.
Skadden Arps Slate Meagher & Flom LLP has hired three former lawyers from Akin Gump Strauss Hauer & Feld LLP who will work with investment management clients in Abu Dhabi and Washington, D.C., according to a Tuesday announcement.
Sidley Austin LLP announced on Monday the addition of a former attorney at Wachtell Lipton Rosen & Katz to its global finance practice in New York.
Private equity firm Uplift Investors LP and its associated management services organization announced Tuesday they have reached a deal with a Georgia personal injury law firm, the third such contract the MSO has announced this year.
Gordon Rees Scully Mansukhani LLP has formed a firmwide management council to drive initiatives to support its ongoing growth in all 50 states.
Legal artificial intelligence is on a similar trajectory as the internet in the dot-com era, where several internet companies failed after the initial market frenzy, but even if AI company valuations take a hit and the industry goes through a major reordering, legal leaders should note that the technology itself remains genuinely transformational for the delivery of legal services, says Gabriel Buigas at Integreon.
Opinion
Keeping PE Out Of Law Is Job For Courts, Not Capitols
Efforts by lawmakers in California, Colorado and Illinois seeking to bar private equity firms, hedge funds and other nonattorney investors from owning or financing law firms risk intruding on authority that state constitutions and the inherent powers doctrine have traditionally assigned to the judiciary, says attorney Felix Shipkevich.
Ross McNairn, founder and CEO of Wordsmith AI, discusses how the lawyers who treat legal work like an engineering problem and can deploy legal intelligence at scale will define the next decade.
BigLaw firms about to tackle a website redesign need to understand the fundamental changes to costs, timelines, vendors and technology since their last big update so their leadership teams can steer resource management decisions away from costly potential mistakes, says Stephan Roussan at Vertical Minds.
Two recent reports shift the legal posture of every organization deploying artificial intelligence agents because they establish the foreseeability, for negligence liability purposes, of an AI agent becoming weaponized for data exfiltration, says Camilo Artiga-Purcell at Kiteworks.
Firms willing to develop a new operating model, where AI-powered legal tech is paired with deep industry expertise and a different incentive structure, can win over companies looking to consolidate their legal needs with a single provider, says Lana Manganiello at Practice Growth Partner.
Law firms trying to weave artificial intelligence into summer associate programs should build a program that isn't really about AI but teaches students how to think about using AI, with the goal of building judgment, understanding implications and leveling up in a way that's repeatable, says Zeynep Ersin at Seyfarth.
Series
Biz Development Tip Of The Month: Don't Obstruct Knowledge
Lawyers and firms should treat knowledge transfer as a business development function, using the sharing of context and institutional know-how to preserve continuity through change, strengthen relationships and create long-term competitive advantage, says Mark Wraight at Stinson.
The biggest question about private equity moving into the legal sector is no longer whether it can financially succeed, but how law firms can contend with the unavoidable economic, institutional and ethical tensions introduced by external ownership without compromising their core professional commitments, say Kirsten Vasquez and Allison Rosner at Major Lindsey.
As potential clients use artificial intelligence tools instead of search engines when looking for counsel, it is a democratizing moment for specialized midsize firms and a compression threat for generalist big-firm brand positioning, says Ronn Torossian at 5WPR.
Private equity capital has been flowing into accounting firms for years, with investors developing creative structures to work within that field's specific ownership restrictions, and the framework developed by these transactions offers valuable insights for law firms looking for outside investment, says Russell Shapiro at Levenfeld Pearlstein.
Series
Legal Tech Talks: StrongSuit CEO On The AI Gold Rush
Justin McCallon, CEO of StrongSuit, discusses how the potential for automation and insight generation with artificial intelligence is massive, but that in legal work, especially litigation, the margin for error is essentially zero.
When law firm leaders provide work product feedback by identifying errors instead of offering guiding input, they miss a key opportunity to treat feedback as a professional development and leadership tool, but several practices can help bridge the gap between intent and impact, says Janet Jackson at Well-Law.
Many law firms are using generic decks for multiple client presentations to articulate their artificial intelligence strategy, but in order to differentiate themselves, it's important to bring marketing teams into the fold to identify what's actually distinctive about how a firm uses AI, says Eric Greenberg at Cox Media.
The Legal Marketing Association's recent annual conference underscored how advances in artificial intelligence and shifting client expectations are causing law firms to evolve into more structured, data-driven businesses that place greater emphasis on strategy, implementation and measurable results, say Maria Aronson and Gina Rubel at Furia Rubel.