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Hundreds of law firms say they are increasingly losing clients and cite problems delivering their legal services as the top reason for the attrition, according to a report released Thursday.
Sidley Austin LLP announced Thursday that five Clifford Chance LLP attorneys have joined the firm's global finance and tax practices in New York and Washington, D.C.
Maureen E. Mulholland, executive vice president and chief legal officer of auto and tire company Monro Inc., based in Rochester, New York, earned total compensation of $1.25 million in fiscal 2026, mostly thanks to increased stock awards, according to a securities filing Thursday.
Levona Holdings has urged a New York federal judge to order Reed Smith LLP and Greenberg Traurig LLP to turn over privilege logs in discovery related to the company's motion for sanctions, saying there are "reasons to doubt" the firms' privilege claims.
While general legal artificial intelligence assistants like Harvey and Legora dominate headlines, law firms are increasingly betting on practice-specific AI platforms designed for particular legal tasks.
It's time for President Donald Trump to pay a $5 million jury verdict finding he sexually abused writer E. Jean Carroll in a department store dressing room, a New York federal judge ruled on Wednesday, after the U.S. Supreme Court refused to take up the case.
It is exceedingly rare when in-house counsel snitch on their own company. But when they do, in-house whistleblowers often suffer severe consequences.
Akin Gump Strauss Hauer & Feld LLP announced Wednesday that a Paul Weiss Rifkind Wharton & Garrison LLP mergers and acquisitions and private equity partner has returned to its New York office.
A New York federal judge on Wednesday denied Nadine Menendez's request to postpone her prison surrender by more than three months so she could complete breast cancer-related reconstructive surgeries, rejecting the request after a telephone conference with the parties.
After announcing their intent to merge last December, leaders from Winston & Strawn LLP and the U.K. arm of Taylor Wessing LLP embarked on a "listening road show" to help guide the visual identity of the new firm. They saw an opening to stand out from other major law firms.
K&L Gates LLP has brought on a Willkie Farr & Gallagher LLP attorney who is a former chief counsel to ex-Commodity Futures Trading Commissioner Kristin N. Johnson, the firm said Wednesday.
A New York federal court this week approved a $17.5 million settlement with American Express Co. in a lawsuit alleging that the credit card company's so-called antisteering rules caused non-Amex cardholders to pay higher charges.
Pillsbury Winthrop Shaw Pittman LLP announced on Wednesday the hiring of the former chief knowledge and innovation officer at Simpson Thacher & Bartlett LLP as its chief artificial intelligence officer.
Friedman Kaplan Seiler Adelman & Robbins LLP has hired the former global chief ethics and compliance officer at JBS Foods as a litigation and white collar defense partner, touting his combination of in-house, law firm and government experience in its announcement on Tuesday.
Charles Russell Speechlys LLP said Wednesday that it has hired a team of lawyers from Withers to establish a permanent presence in the U.S. for the first time, the next step in its international expansion strategy.
A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.
Some legal chiefs used June to spring high-level stock transactions, led by Rocket Lab's Arjun Kampani, who reported $13 million worth of deals. Broadcom's Mark Brazeal earned nearly $9.7 million in stock sales last month, while Erin Kerber of Credit Acceptance Corp. and Paul Mahon of United Therapeutics both reported selling $9 million worth of their companies' stocks.
Haynes Boone announced Monday that it has launched a firmwide initiative treating generative artificial intelligence as a "core lawyering skill," with workshops at all attorney levels administered by legal learning platform Hotshot.
Young lawyers continue to be very mobile, with roughly two-thirds of new graduates saying they have already held two or more jobs in a report released Tuesday by the National Association for Law Placement, which also found high levels of job satisfaction and large but decreasing amounts of law school debt.
A New York bankruptcy judge tossed a former Celsius Network LLC executive's lawsuit that blamed alleged oversight issues at the crypto platform on three other executives, finding that his claims belonged to Celsius and were waived under its Chapter 11 plan.
Pryor Cashman LLP said Tuesday it has continued growing its litigation group with a longtime Simpson Thacher & Bartlett LLP lawyer, who has represented "some of the most prominent names in private equity and finance," the firm said.
IBM spinoff Kyndryl Holdings Inc. said on Monday that it has appointed a longtime senior lawyer at Interpublic Group to serve as its next general counsel, following the abrupt departures of its general counsel and chief financial officer earlier this year in the aftermath of a U.S. Securities and Exchange Commission inquiry.
Simpson Thacher & Bartlett LLP announced Tuesday that a former Weil Gotshal & Manges LLP partner has joined the firm's New York office to advise clients on the U.S. tax aspects of energy and infrastructure transactions.
A group of Columbia University students who reached a settlement with the school over alleged antisemitism on campus accused Kasowitz LLP of wrongfully taking over $6 million from the deal and engaging in "self-dealing and misappropriation."
E-discovery provider CS Disco has reached a nearly $12 million deal with shareholders that would end claims that the company concealed information regarding the sustainability of its rapid revenue growth in 2021 and sexual harassment allegations against its former CEO.
Section 4 of President Donald Trump's executive order promoting the advancement of artificial intelligence innovation and security establishes a federal baseline around AI agents, so general counsel cannot wait for enforcement to define the standard, says Camilo Artiga-Purcell at Kiteworks.
Series
RFP Reset: Standardize Pricing Requests
To keep up with rising legal costs amid an industry overhaul fueled by artificial intelligence, legal departments can make outside counsel requests for proposal more defensible and cost-effective by making pricing requests uniform, requiring comparable fee templates and evaluating staffing assumptions, says Colin Levy at Malbek.
The law firm marketing efforts with the best return on investment are things that actively provide value to potential clients: practical business guidance, uncluttered proposals that anticipate their questions and opportunities to participate in curated industry conversations, says Shireen Hilal at Maior Strategic Consulting.
To ensure continued success, law firm leaders helming their firms through the legal industry revolution should take inspiration from the Founding Fathers' bold decisions, such as James Madison's abandonment of the Articles of Confederation and George Washington's trust in junior officers', says Samuel Pond at Pond Lehocky.
The artificial intelligence conversation among law firm leaders has advanced from adoption to governance and business impact, but it hasn’t resolved who maintains ownership and operational responsibility, which should be determined by the range of functions that AI touches, says Jennifer Johnson at Calibrate.
Series
Biz Development Tip Of The Month: Practice AuthenticityAttorneys who demonstrate who they truly are and what they stand for by sharing the human impact of their results, earning the media's trust by providing accessible analysis, and providing hands-on aid to their communities can build stronger reputations than any advertising budget can buy, says Ray DeLorenzi at RebuttalPR.
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.