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Major retail trade associations and Walmart are objecting to a $200 billion settlement over Visa and Mastercard swipe fees in New York federal court, saying the court should decertify the class or at least allow opt-outs so merchants can preserve "valuable claims that class counsel are trading away for nothing."
A New York federal judge on Tuesday denied as moot Nadine Menendez's request for 90 more days to file a potential challenge to her prison sentence after prosecutors said she misunderstood the deadline and still had plenty of time to seek relief.
Orrick Herrington & Sutcliffe LLP announced Tuesday that the firm has two new C-suite executives, both of whom will be based in New York.
A former federal prosecutor who was part of a short-lived trio leading the New Jersey U.S. attorney's office earlier this year has moved into private practice at the New York boutique Getnick Law, the firm announced Tuesday.
A company's size has always influenced pay for in-house lawyers, but a new study shows a significant difference for general counsel and chief legal officers, with their median base salaries running 90% higher than their counterparts at smaller organizations. Meanwhile, compensation for directors of legal operations was flat.
Tens of millions of Americans live in towns and counties across the nation with limited or no access to legal services. By one estimate, at least a third of the nation's counties qualify as a "legal desert," having only one or no attorney per 1,000 residents. Roughly 24 million Americans reside in these counties.
Norton Rose Fulbright announced Tuesday that it has hired eight former Kasowitz LLP attorneys who advise on distressed real estate matters, including workouts, restructurings and foreclosures.
Many rural attorneys, often the only lawyer in town, work until they die or simply close their practices when they retire. But small to mid-sized firms looking to expand into rural markets could help to make succession planning a real possibility for these solo practitioners.
Partisan splits were apparent Tuesday on the Fourth Circuit panel hearing the Trump administration's challenge to a federal district judge's dismissal of the indictments of former FBI Director James Comey and New York Attorney General Letitia James, with two of the three judges appearing to agree an improper appointment doomed the cases.
Students who are the first in their families to attend law school have been thrown a new challenge at the beginning of their legal journeys, as BigLaw accelerates their recruitment timelines.
From learning how to come back from mistakes to cross-team collaboration, this year's summer associates came away with lessons that will help them succeed in their future careers. Here's what they want law students to know as they begin their own journeys.
Summer associate programs give law students an up-close look at changes unfolding in the legal industry, and a new Law360 Pulse survey found artificial intelligence use and pay have reached new heights.
White & Case LLP announced Monday that it has added a longtime Sullivan & Cromwell LLP attorney to its New York office, touting the expertise she brings to its transactional and employment teams.
Sullivan & Cromwell LLP announced Tuesday that four private equity mergers and acquisitions attorneys are moving to the firm from Kirkland & Ellis LLP.
Latham & Watkins LLP has announced it's growing its intellectual property litigation practice with a partner in New York who joins from Gibson Dunn & Crutcher LLP, bringing years of patent and technical trade secret litigation experience and representing industry titans including Nvidia and Western Digital.
Divorce is often hard, but it is harder still when there’s just one lawyer in town. The story of one divorcing couple in Michigan’s Upper Peninsula illustrates the financial costs and emotional pain of living in a legal desert, and it helps explain why lawyer shortages are spreading throughout rural America. This story introduces Law360 Pulse’s special series on legal deserts.
Personal injury firm Morgan & Morgan formally announced Monday that it has been running a proprietary artificial intelligence platform over the past few years while also committing to spend at least $1 billion on AI and technology improvements over the next decade.
The former chief of the U.S. Attorney's Office for the Southern District of New York's complex frauds and cybercrime unit now co-leads the white collar and regulatory enforcement practice at Pryor Cashman LLP.
King & Wood LLP has hired a Debevoise & Plimpton LLP disputes attorney to serve in an of counsel position at the firm's New York office, the lawyer has announced.
With the legal industry presenting a more and more enticing target for cyberattacks, it's becoming increasingly important for practitioners to know how to best protect clients' data and most effectively use emerging artificial intelligence tools — a task that the American Bar Association's Cybersecurity Legal Task Force is well positioned to assist with, its incoming co-chair recently told Law360.
Trial firm Geragos & Geragos APC is expanding its East Coast presence with the addition of a New York-based partner.
Hundreds of offices were destroyed in the Sept. 11 attacks, altering the New York City skyline forever and transforming the commercial real estate landscape for Manhattan’s legal industry in the 25 years since.
The Associated Press has found its new general counsel in an experienced media attorney who most recently spent more than 16 years with Dow Jones, the publisher of The Wall Street Journal.
Greenberg Traurig LLP and Eckert Seamans Cherin & Mellott LLC have publicly revealed that they've been hit by data breaches, adding to the dozens of cybersecurity incidents U.S. law firms have suffered this year.
Elias Law Group LLP and Stinson LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Missouri cannot use a newly drawn congressional map that favors Republicans in the midterms.
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.
Series
NY Times Word Puzzles Make Me A Better Lawyer
Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.
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.