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Revenue and profits have both been on a strong upward trajectory in recent years for large U.S. law firms, but those strides may not tell the whole story when considering factors like inflation and the role that aggressive rate hikes, which some say are unsustainable, have played in the increases.
First-year associate salaries of $225,000 may make headlines, but they aren't yet the reality at most law firms surveyed for a new report by the National Association for Law Placement.
At the height of the COVID-19 pandemic in 2020, Gibson Dunn & Crutcher LLP launched a unique virtual program to connect first-year associates with other young attorneys in different U.S. offices. Five years later, the “New Associate Pods” program is still going strong.
Miami-based Hamilton Miller & Birthisel LLP has topped the inaugural ranking of the leading 200 midsize law firms from legal software provider SurePoint Technologies, which scored firms based on factors such as gender and ethnic diversity, and attorney roster growth.
Corporate challenges to investors' shareholder proposals have steadily increased 96% since the 2023 proxy voting season, according to a new study that also shows a growing number of those challenges are successful.
Withers announced Tuesday that its next chair will be a London-based trusts and inheritance disputes lawyer with more than 25 years at the firm, who is set to assume the role in July.
As law firms integrate generative artificial intelligence into their operations and teach attorneys to use it, some are getting their partners up to speed by training them specifically in how to supervise the use of these tools.
This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.
The legal industry had another action-packed week as BigLaw firms shifted operations, expanded practices and took on new talent across the country. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Latham & Watkins LLP leads this week's edition of Law360 Legal Lions, after a deadlocked U.S. Supreme Court left in place an Oklahoma state court ruling barring the launch of the nation's first religious charter school.
Connecticut-based Pitney Bowes Inc. has named sitting director and the founder of activist investor Hestia Capital Management as its CEO and has appointed its general counsel and four other executives to a planning group to conduct a strategic review of the company.
The Second Circuit on Thursday declined to reinstate a lawsuit from New York court interpreters alleging they are paid less than their federal counterparts because they are foreign born, saying the workers failed to show the state's court system acted with discriminatory intent.
Connecticut law firm Koskoff Koskoff & Bieder PC has added a veteran in-house attorney from Hartford HealthCare to serve as the leader of its medical malpractice intake team.
The Chapter 11 trustee handling Chinese exile Miles Guo's bankruptcy in Connecticut has filed an adversary proceeding seeking over $2.4 million from Maryland-based law firm Schulman Bhattacharya LLC, alleging the firm received payments from Guo's shell companies both before and after Guo filed for bankruptcy.
U.S. law firms are on pace to surpass 2024's record-setting leasing activity, ending the first quarter of 2025 with 3.4 million square feet of new or renewed leases throughout the country, according to newly released data.
Connecticut's Public Defender Services Commission said in a state court brief that it was "significant misconduct," not racial bias, that caused it to fire the chief public defender, arguing the June 2024 firing came after a litany of complaints and a lengthy pattern of wrongdoing.
The frequency at which major law firms faced malpractice claims held relatively steady in 2024, but payouts on claims continued to boom at a rate outpacing general inflation, according to this year's legal professional liability insurance survey, with nearly half of insurers surveyed reporting having paid at least one claim over $150 million.
A former Webster Bank general counsel has opposed part of a government plan for repaying the $7.4 million he pled guilty to taking by fraud, saying he will be in prison for four years, resigned as an attorney, remains unemployed and cannot work in banking once he's free.
While recent reports show that law firm adoption of artificial intelligence tools is jumping, many firms haven't reached the stage where they are measuring gains from their AI investments yet, according to current and former law firm leaders and consultants.
A Connecticut federal judge's oral ruling and follow-up minute entry were formal orders that triggered a 30-day countdown to appeal losses in a contract dispute worth $1.7 million, a Second Circuit panel has held, saying a plastic resin producer's interpretation of the relevant local rule "rings of empty formalism."
Hogan Lovells and the Fomby Law Firm lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that courts must weigh the full sequence of events — not just the instant a threat arises — when deciding if police used excessive force.
Through TV commercials and intentionally defaced billboards to major league sports sponsorships, and even upcoming skits during WWE events, personal injury giant Morgan & Morgan has achieved monumental growth with a sweeping advertising strategy that leans into innovation and lightheartedness to leave an impression on potential clients.
Kessler Topaz's handling of a suit against Coinbase and Stradley Ronon's work in connection with the creation of joint KKR and Capital Group funds lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from May 2 to 16.
The legal industry marked mid-May with another busy week as attorneys landed new roles and firms expanded their offerings. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A longtime Cramer & Anderson LLP partner who was found guilty of manslaughter for shooting and killing a man who attacked the attorney in his Litchfield, Connecticut, law firm's parking lot has agreed to an interim law license suspension, according to a proposed order noting he has no current clients and no lawyer trust account.
Nonequity partners report the lowest satisfaction, highest stress and poorest financial outlook of any group of lawyers, highlighting a growing structural disconnect that leaves attorneys at many firms feeling like the ladder has been pulled up behind those who already ascended, says Jake Carroll at Nelson Mullins.
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Tips On Running A Legal Nonprofit As A BigLaw AssociateI co-founded the Bridging the Gap Scholarship as a way to increase minority representation in BigLaw, and my advice for other legal professionals starting a nonprofit is to focus on building brand awareness early on, and to get comfortable delegating work to a dedicated team, says Imani Maatuka at Sidley.
Understanding where colleagues in other practice areas shine can help attorneys confidently cross-sell each other's services and bring in business to keep the firm afloat in hard times, says Joe Calve at Calve Communications.
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Biz Development Tip Of The Month: Advertise EthicallyBusiness development in the legal industry is about building authentic connections and showcasing expertise in a way that reflects reality, and, when done right, it can elevate a practice, establish credibility and bring in clients without risking an ethics violation, says Melody Jackson at Robinhood.
Molly Ranns at the State Bar of Michigan suggests five ways to smooth a colleague's return to practice after short-term mental health leave, while creating a firm culture that protects employees’ emotional health.
Amid a rapidly changing regulatory environment and a fierce market for talent, companies hoping to attract the best chief legal officers must have a strong grasp of their roles’ biggest selling points, and any roadblocks that may prevent them from recruiting the strongest choice, says Heather Fine at Major Lindsey.
As law firms increasingly use certain financial incentives to retain partners in a fierce lateral market, managing partners should consider the pros and cons of various deferred compensation schemes, says Tom Hanlon at Buchanan Law.
Many lawyers assume that becoming a rainmaker requires a significant investment of time and effort, but the truth is that building a consistent habit of business development can start with just 10 minutes of strategic outreach a day, says Paul Manuele at PR Manuele Consulting.
Certain law firm decisions — such as whether to challenge an executive order — cannot be crowdsourced, but leadership can collaboratively communicate these choices using strategies that build trust, reinforce values and preserve cohesion, says John Hellerman at Hellerman Communications.
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Biz Development Tip Of The Month: Create A Succession PlanConversations around retirement and succession can be understandably difficult, but when attorneys make a plan for the transition early and effectively, they have the opportunity to not only keep work but also increase it, says Jillian McKenna at Verrill Dana.
In recent years, top-tier law firms have pushed hourly rates to unprecedented heights, with some partners commanding $3,000 per hour — but this eye-popping number doesn’t tell the full story, as there are numerous caveats and rigorous winnowing along the way, says Christopher Seck at Squire Patton.
Law firms that successfully manage two-tiered partnership do so by creating a culture that treats everyone with respect and by establishing financial incentives outside their base compensation to reward performance, says Carol Morganstern at Major Lindsey.
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Biz Development Tip Of The Month: Leverage Your Atty BioIf maintained properly, your firm bio can help attract potential clients and create authentic connections, so it's crucial to take steps to write an updated attorney profile that goes beyond a list of credentials, says Raychel Lean at Reputation Ink.
Eran Kahana at Maslon discusses how partners can encourage responsible use of artificial intelligence tools within their firms by learning to spot pitfalls common to AI-generated work product and championing firmwide procedures and trainings that address the risks of uncritically relying on this powerful but imperfect technology.
Law firm culture is often dismissed as a soft factor — merely platitudes on a website that seem disconnected from the bottom line — but by intentionally embedding a strong culture into day-to-day operations, law firms can achieve sustainable success, says Shireen Hilal at Maior Strategic Consulting.