Modern Lawyer


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    Costs Up 'Considerably' As More Firms Grow Nonequity Tier

    Law firm compensation expenses were up nearly 10% year-over-year as of the end of the third quarter and law firms' growing nonequity partner ranks were among the driving forces behind the jump, according to a report released Thursday.

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    Foley Reelects Chairman And CEO Amid Record Growth

    A Detroit-based business attorney who has served as Foley & Lardner LLP's chairman and CEO since May 2022 is expected to continue in the role through 2030, the firm announced Wednesday.

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    Litigation Shops Paying Above-Market Bonuses, Reports Say

    Litigation boutiques Yetter Coleman LLP and Dunn Isaacson Rhee LLP are giving above-market bonuses to their associates, according to reports from Above the Law and Bloomberg.

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    Akerman Beats Healthcare Cos.' Bid To Escape Fee Suit

    Akerman LLP can continue its fees lawsuit against Rennova Health Inc. and other defendants after they lost their motion to dismiss the suit for being "facially time-barred, factually flawed and legally indefensible," a Florida state judge has ruled.

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    MVP: Simpson Thacher's Jeff Knox

    Jeff Knox, co-managing partner of Simpson Thacher & Bartlett LLP's Washington, D.C., office and co-head of the government and internal investigations practice, defended an individual client from a yearslong financial investigation and litigation this year, and resolved matters for clients including Deutsche Bank and the Dutch energy-trading firm Vitol, earning him a spot among the 2025 Law360 White Collar MVPs.

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    MVP: Seyfarth's Jason Smith

    Jason Smith of Seyfarth Shaw LLP's construction practice took over the appeal of a lawsuit after a bench trial had already been conducted by another law firm, but nevertheless obtained a reversal of every aspect of the lower court's decision challenged on appeal, earning him a spot as one of the 2025 Law360 Construction MVPs.

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    MVP: Gupta Wessler's Deepak Gupta

    Deepak Gupta of Gupta Wessler challenged the president's power to remove independent agency board members and rescued the class action device from two existential threats in the Supreme Court, earning him a spot as one of the 2025 Law360 Appellate MVPs.

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    MVP: Willkie's David Drewes

    David C. Drewes, co-chair of Willkie Farr & Gallagher LLP's real estate department, has guided major transactions, such as Saks Global's $2.7 billion Neiman Marcus Group acquisition and Henry Crown & Company's $3.5 billion Rockefeller Center refinancing, earning him a spot as one of the 2025 Law360 Real Estate MVPs.

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    MVP: Milbank's Jenna McGrath

    Jenna McGrath of Milbank LLP took the regulatory lead in getting major transactions in the power sector to the finish line, earning her a spot among the 2025 Law360 Energy MVPs.

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    MVP: Latham's Brad Faris

    Brad Faris of Latham & Watkins LLP helped guide Omnicom in its planned $13.5 billion acquisition of Interpublic, worked on a pending $34.5 billion deal as Cox Communications is acquired by Charter Communications Inc. and is leading an expected $5.75 billion deal as Lumen Technologies sells off its fiber optic network business to AT&T, earning him a spot as one of the 2025 Law360 Mergers & Acquisitions MVPs.

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    MVP: Milbank's Fiona Schaeffer

    Fiona Schaeffer, an antitrust partner at Milbank LLP, represented U.S. Steel in its $14.9 billion merger with Nippon Steel Corp., among other matters, earning her a spot as one of the 2025 Law360 Competition/Antitrust MVPs.

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    MVP: Latham's Les Carnegie

    Latham & Watkins LLP partner Les Carnegie guided a healthcare business after it found trace amounts of a restricted material in one of its products and helped a biopharmaceutical corporation sell part of its operation to an Indian company, earning him a spot as one of the 2025 Law360 International Trade MVPs.

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    Nelson Mullins Adds Former K&L Gates Partner In Pittsburgh

    An attorney with more than 30 years of experience counseling clients on their investment management strategies has moved his practice to Nelson Mullins Riley & Scarborough LLP's Pittsburgh office after nearly 12 years with K&L Gates.

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    Jack Smith To Launch Firm With Willkie Partner, 2 Ex-Deputies

    Jack Smith, the former Justice Department special counsel appointed to investigate President Donald Trump, is set to launch his own firm alongside two of his former top deputies and the co-chair of Willkie Farr & Gallagher LLP's investigations and enforcement practice.

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    How BigLaw Is Redrawing Its Global Map For 2026

    The U.S. remains by far the world's most important legal market, but as clients and capital flows become increasingly international, U.S. law firms are grappling with where and whether to expand their global footprint.

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    These Law Firms Are Law360 Pulse's Global Leaders

    What does it take to stand out as a global legal powerhouse? The firms featured in this year's Law360 Pulse ranking have built a worldwide reach few can match. 

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    Tracking The Footprints Of Law360 Pulse's Global Leaders

    The law firms in this year's Law360 Pulse Global Leaders ranking have built networks that span the globe. Visualize the reach of those 50 firms with our interactive map.

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    Winston & Strawn Moves Chicago Office After 35 Years

    Winston & Strawn LLP has moved its Chicago team for the first time in 35 years, settling into a riverside skyscraper that firm leaders credit for inspiring greater in-office attendance.

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    Starbucks Gov't Affairs Pro Joins Cozen O'Connor Policy Arm

    Cozen O'Connor's government affairs subsidiary announced that it has hired the former regional head of policy and government affairs for Starbucks.

  • OFAC Inks $1M Russian Sanctions Deal With Ex-Gov't Official

    The U.S. Treasury's Office of Foreign Assets Control announced Tuesday that an unidentified attorney and former government official has agreed to pay more than $1 million to settle allegations the individual violated Russian sanctions by acting as a fiduciary for the family trust of a blocked Russian oligarch.

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    Estate Planning Law Firm Gains PE Stake In Tech Platform

    Hargrove Firm, a Kentucky-based trust and estate planning law firm, has worked out a deal for a private equity investment in its related technology platform known as NetLaw at a time of growing interest in nontraditional business arrangements within the legal industry.

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    MoFo, Kellogg Hansen Exceed Prevailing BigLaw Bonus Scale

    Morrison Foerster LLP and boutique law firm Kellogg Hansen Todd Figel & Frederick PLLC both recently unveiled above-market bonuses, according to a MoFo in-house memo and a media report. 

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    US, UK Duo Named Cadwalader Restructuring Chairs

    Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.

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    Benefits, Bonuses Rose As Remote Work Dipped In 2024

    More firms are offering benefits such as parental leave and bonuses, and the legal industry appears to be settling on the amount of remote work that attorneys and staffers are allowed to perform, the Association of Legal Administrators has found in its latest annual report.

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    Trustee Says Winston & Strawn Is Liable For $1.7B Fintech Bust

    The trustee of the bankrupt self-styled "anti-woke" financial technology startup GloriFi said Winston & Strawn LLP shouldn't be allowed to escape a malpractice lawsuit over the company's $1.7 billion failure, saying the firm was a knowing participant in the allegedly unlawful activities of its then-CEO.

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Expert Analysis

  • 10 Key Strategies For Successful Lateral Partner Integration Author Photo

    To help ensure new partners and practice groups are successfully integrated, firms should embrace specific structured practices that recognize each lateral's distinct value, personalize their integration plans and proactively address transition complexities long after onboarding ends, say Elizabeth Kennedy at NewEdge BD and Erika Steinberg at CMO2Go.

  • How Firms Can Manage DEI Commitments Amid Headwinds Author Photo

    By recalibrating how they structure and communicate their inclusion efforts, law firms can reduce legal exposure and preserve their values, says Angela Vallot at VallotKarp Consulting.

  • Key Ingredients For Effective Law Firm Strategic Planning Author Photo

    As the legal industry faces political turmoil and economic uncertainty, the time is ripe for firms to revisit their strategic plans, ensuring they contain a few essential elements — from accountability systems to broad-based input — to achieve sustainable growth and profitability, says Joe Calve at Calve Communications.

  • AI-Powered Biz Development Can Democratize Rainmaking Author Photo

    As fluency in artificial intelligence becomes a competitive imperative in the legal industry, the next generation of rainmakers likely won’t be defined by their Rolodexes or club memberships, but by their ability to leverage AI business development tools effectively, says Jessica Aries at By Aries.

  • How Law Students Can Effectively Use AI In Their Job Search Author Photo

    Law students can use artificial intelligence tools strategically throughout the job application process to review materials, prepare for interviews and navigate employers’ use of similar tools, but there are several key missteps they should be careful to avoid, says Lauren Wong at University of San Diego School of Law.

  • An After-Placement Plan Maximizes Legal Content's Potential Author Photo

    Before landing a published quote, feature or interview, law firms should articulate the content’s purpose and develop a strategic plan for repurposing it to ensure they’re aligning public relations efforts with measurable business outcomes, says John Hellerman at Hellerman Communications.

  • Ask A Mentor: How Should I Coordinate Pro Bono Projects? Author Photo

    Julie LaEace at Perkins Coie offers tips for attorneys acting as pro bono coordinators, including how to choose appropriate projects, how to encourage participation and why it is important to keep in touch with legal aid partner organizations.

  • 6 Strategies For Navigating Legal Leadership Transitions Author Photo

    Amid uncertainty in the legal job market, attorneys who are considering a transition to a leadership role must fundamentally reimagine their approach to value creation and develop a new set of skills, say Stacy Bratcher at Cottage Health and Michael Watkins at Genesis Advisers.

  • The Augmented Lawyer: Crafting Responsible AI Policies Author Photo

    As the legal industry increasingly looks to impose responsive guardrails for artificial intelligence use, firms and organizations’ internal use policies, outside counsel guidelines and vendor contracts can address confidentiality and data retention concerns in several ways, say attorneys at KXT Law.

  • 6 Ways To Build Pro Bono Culture If You Lack Dedicated Staff Author Photo

    Firms can develop a strong pro bono culture without hiring dedicated professionals through strategies like demonstrating active involvement by leadership, tailoring volunteer tasks to individual professional development needs and building trusted partnerships within the legal aid community, says Stacy Zinken at Paladin.

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    Biz Development Tip Of The Month: Extend Your Content's Life Author Photo

    Attorneys often limit the impact of their thought leadership by letting their content languish after initial publication, but through four easy strategies for retooling existing content, they can maximize its reach and further their business development goals, says Jillian McKenna at Verrill Dana.

  • Why Law Firm Leaders Should Care About Student Debt Crisis Author Photo

    ​​​​​​​As the student debt crisis evolves under changing federal policies, firms that proactively address the burden will have significant advantages in recruiting and retaining the best young lawyers, says Brian Kabateck at Kabateck.

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    Talking Mental Health: Encouraging New Attys To Find Joy Author Photo

    Rudene Haynes at Hunton discusses her experiences as a hiring partner, common sources of stress that newer attorneys face and steps that law firms can take to protect their attorneys' mental health and encourage personal life fulfillment.

  • Fla. Bar's Cyber Incident Response Plan Sets Precedent Author Photo

    The incident response plan developed by the Florida Bar's cybersecurity and privacy committee might not seem all that consequential, but it's a long overdue framework that could go a long way toward protecting the highly sensitive data law firms handle — and could even set a model for other professional organizations to follow, says Chris Boehm at Zero Networks.

  • Why Attorneys Should Write About Justices' Minority Opinions Author Photo

    Justice Ketanji Brown Jackson’s searing dissents this past term serve as a reminder for attorneys to analyze U.S. Supreme Court minority opinions in their thought leadership for three key reasons, says Jessica Kaplan at Legally Penned.

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