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The class of 2024 was the largest graduating law school class in nearly a decade, but it defied industry expectations by breaking records in overall employment rate, employment in jobs that require or anticipate bar passage, and median salaries, according to data released Thursday.
Law firms take great care to ensure their longevity. To develop leaders, they carefully identify, mentor and groom the next generation. While top firms can outspend them, some firms are finding alternatives to acquire and retain partners. In a bid to win the loyalty of key clients, firms are increasingly involving them in their lateral hiring processes.
The U.S. Senate confirmed William Kimmitt on Tuesday to lead the U.S. International Trade Administration at the U.S. Department of Commerce.
Saul Ewing LLP is expanding its California team, announcing Wednesday that it is bringing on a pair of trusts and estates experts in its Los Angeles office, an Elkins Kalt Weintraub Reuben Gartside LLP tax and trust expert as a partner and a Lurie Zepeda Schmalz Hogan & Martin APC trust and estates disputes attorney as an associate.
McDermott Will & Emery LLP failed to address racist comments made during a diversity presentation, kept Black attorneys out of leadership and fired a Black associate who complained that she was repeatedly sidelined because of her race, the former employee alleged Wednesday in Illinois federal court.
Law firm Wiggin and Dana LLP said Vasiliki Yiannoulis-Riva has joined as partner from Polsinelli PC in its real estate, environmental, construction and facilities department.
Eric Meer of Gibson Dunn & Crutcher LLP guided RXR Realty through major recapitalizations and loan modifications on New York City office properties amid a tight rate environment as the Manhattan office market continued to take a beating, earning him a spot among the real estate practitioners under age 40 honored by Law360 as Rising Stars.
Garrett Gibson of Jones Day has notched several wins in notable construction cases, including a high-stakes dispute between a major contractor for the oil and gas sector and a petrochemical manufacturer in Texas, earning him a spot among construction law practitioners under age 40 honored by Law360 as Rising Stars.
Mark Liang of O'Melveny & Myers LLP successfully represented Google and LG Electronics in disputes where they faced tens of millions of dollars in potential liabilities for alleged patent infringement, earning him a spot among the intellectual property attorneys under the age of 40 honored by Law360 as Rising Stars.
Christine Brozynski of Norton Rose Fulbright represented the lenders in a $6 billion project to deliver clean and renewable hydropower from Quebec to New York City, earning her a spot among the energy law practitioners under age 40 honored by Law360 as Rising Stars.
Jake Bissell-Linsk of Labaton Keller Sucharow LLP has litigated on behalf of Boeing shareholders following safety failures involving 737 Max planes, resulting in several major victories, earning him a spot among the securities law practitioners under age 40 honored by Law360 as Rising Stars.
Tristan Axelrod of Brown Rudnick LLP steered bankrupt cryptocurrency platform BlockFi through an $874 million settlement with FTX and a Chapter 11 reorganization that paid creditors in full, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.
Leo Li of Seyfarth Shaw LLP has championed clients facing wage-and-hour class actions and California Private Attorneys General Act claims, including by securing a win on appeal for a Southern California Pizza Hut franchisee after a decade of litigation involving thousands of delivery drivers, earning him a spot among employment law practitioners under age 40 honored by Law360 as Rising Stars.
Latham & Watkins LLP partner Salvatore Vanchieri has steered a gamut of groundbreaking deals, from electric-truck startup Rivian's blockbuster $11.9 billion initial public offering to private equity giant Sixth Street's investment in baseball's San Francisco Giants, landing him a spot among capital markets attorneys under age 40 honored by Law360 as Rising Stars.
Catherine "Kate" Mullaley of Kirkland & Ellis LLP helped Johnson & Johnson win personal injury trials over its baby powder and vaginal mesh products while at a prior firm, and she is trial counsel for Snap Inc. in a suit claiming its social media platform is defective, earning her a spot among the product liability law practitioners under age 40 honored by Law360 as Rising Stars.
An attorney specializing in advising clients on matters involving financial services has recently moved his practice to Taft Stettinius & Hollister LLP's Washington office after more than four years with Cooley LLP.
Womble Bond Dickinson announced Wednesday that it has bolstered its ability to tackle complex disputes and transactions in the construction and commercial sectors with the addition of a partner in Houston who came aboard from Munsch Hardt Kopf & Harr PC.
K&L Gates LLP announced it has gained an asset management and investment funds lawyer from Dechert LLP in New York.
A Polsinelli shareholder who joined the firm last year after nearly two decades with intellectual property boutique Lerner David LLP told Law360 Pulse on Wednesday that he plans to use his new role as New York managing partner to help the growing office bring its departments together to provide clients with holistic business solutions.
Wilson Sonsini Goodrich & Rosati PC announced late Tuesday that it completed the sale of its legal tech subsidiary SixFifty to an unnamed "leading human capital management company," according to a statement.
Baker Botts LLP has hired a special counsel who helped the Pentagon launch its first industry-focused lending program and earned his law degree after serving as an officer in the U.S. Army.
For over three years, Cahill Gordon & Reindel LLP has operated Cahill Academy, a year-round program for lawyer training, education and professional development. Here, Law360 Pulse talks to an executive committee member and a firm associate about how and why the program works.
As artificial intelligence increasingly becomes part of the way the legal industry does business, associates who incorporate lessons in using the technology into their daily work lives stand to differentiate themselves from other young attorneys, legal experts tell Law360 Pulse.
When a lawyer's computer crashes, a call goes out to a human help desk technician. But some experts believe that law firms in the future might rely less on people and more on artificial intelligence to keep systems running.
WilmerHale announced Wednesday that the former Latham & Watkins LLP attorney it hired last year to co-chair its life sciences practice is taking over as the chair of its transactional department.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
Series
Biz Development Tip Of The Month: Prioritize ConnectionsOne reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Roundup
Biz Development Tip Of The MonthIn today's competitive legal market, attorneys must excel at business development in addition to the practice of law, despite a lack of business training in most law school curricula. In this Pulse Expert Analysis series, experts share real-world tips each month to help fill the learning gap.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.
Series
Talking Mental Health: Caring For Everyone As A Firm LeaderReid Phillips at Brooks Pierce discusses how he manages the pressure of running a law firm, how sources of stress in the legal industry have changed over the past decade, and what firm leaders should do to help manage burnout and mental health issues among employees.
LinkedIn has several features law firms can use to showcase their capabilities and thought leadership to reach prospective and existing clients, including the Event and Live features, says Sofia Millar at Reputation Ink.
Nikki Hurtado at The Ferraro Law Firm discusses what motivates her to represent victims of catastrophic injuries, how she copes with the emotional toll of such cases, and what other attorneys taking on similar cases can do to protect their mental well-being.
Law firms are expected to continue consolidating in the year to come, and because these mergers require a different kind of playbook, firm leaders must carefully consider office culture nuances, professional services economics and talent retention strategy before any merger, say directors at FTI Consulting.
In a market where clients have more options, tighter budgets and higher expectations, firms must figure out how to differentiate themselves without discounting their rates, and several practical strategies for pitching, pricing and early-engagement communication can help, says Shireen Hilal at Maior Strategic Consulting.
Law firm revenue cycles are becoming more complex and time-consuming, but hiring dedicated revenue cycle personnel can help streamline the process and reduce the burden on attorneys, says Christine Indiano at Harbor Global.
By initiating planning and processes to evaluate personal retirement goals and firm value early, longtime solo practitioners and small-firm owners can unlock a range of possibilities and potential buyers, setting up for a profitable exit and a rewarding transition, says Brent Daub at Gilson Daub.
When crafting an appellate brief, the focus for most lawyers is the argument section, but other sections also offer strategic opportunities to shape the court's perception of the case and favorably frame the issues, say attorneys at Frost Brown.
Kate Driscoll at Morrison Foerster suggests six questions to help candidates evaluate whether a secondment will benefit their career.
Recent approaches to hiring chief marketing officers demonstrate how firms are reimagining their marketing and business development frameworks to stay competitive and responsive to evolving client needs, says Murray Coffey at M Coffey.