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New York Pulse
Citing 'Retention Crisis,' New York State's DAs Seek $5M
Law Firm Growth Driven Mostly By Rate Increases In 2025
Withers Eyes Masterpiece US Art Practice With Historian Hire
Where Are Top Firms Bringing On The Most New Partners?
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Pillsbury Asks 2nd Circ. To Guard $4M Client Fee From SEC
Pillsbury Winthrop Shaw Pittman LLP on Wednesday urged the Second Circuit to allow it to keep a $4 million advance payment retainer from the since-convicted former CEO of a bankrupt cybersecurity company, but the law firm conceded it should have clarified its rights after the government sought an asset freeze.
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BigLaw Begins To Fall In Line With Cravath Bonuses
Fried Frank Harris Shriver & Jacobson and McDermott Will & Schulte LLP are among the law firms following the lead of Cravath Swaine & Moore LLP on year-end associate bonuses this week, with at least four large firms matching the market leader within a day of Cravath's Tuesday announcement.
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Compensation Report: A Deep Dive Into GC Pay
Law360 Pulse went beyond the numbers to examine how industry, law firm experience and education shape the pay of top-earning S&P 500 general counsel. Here's what we found.
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These Are The Legal Chiefs Who Command Top Dollar
While the pay packages for most legal leaders in the corporate space remains strong — especially because of hefty stock awards and bonuses — there are large gaps in compensation even among the top 10 earners in the U.S.
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Everything You Need To Know About GC Pay
Find out which S&P 500 general counsel earns the most and how pay differs across industries. Explore every detail in our interactive compensation graphic.
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Law Firms Struggle To Keep Partners Amid Lateral Boom
The number of lateral moves for associates, counsel and partners seeking greener pastures is outpacing last year, which is both good and bad news for legal employers, according to law firm leaders and search firms.
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Proskauer Hires IP Litigator From O'Melveny In NY
Proskauer Rose LLP announced that it has hired a former O'Melveny & Myers LLP litigator who holds a doctorate in organic chemistry and advises on the full spectrum of intellectual property matters.
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Pillsbury Winthrop Latest Firm Targeted By Data Breach Suit
Pillsbury Winthrop Shaw Pittman LLP on Tuesday was hit with a proposed class action stemming from a data breach the firm says happened in April, adding to the growing litigation firms are facing in the aftermath of cyberattacks.
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Reed Smith Can't Represent Eletson By 'Repeated Incantation'
A New York federal judge on Tuesday rejected Reed Smith LLP's latest effort to intervene on behalf of the purported former owners of international shipping company Eletson Holdings in Eletson's $102 million breach-of-contract litigation with rival Levona, saying the firm can't represent the holding company post-bankruptcy "by repeated incantation."
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Cravath Unveils Associate Bonuses, Multiple Firms Follow
Multiple firms swiftly fell in line Tuesday evening just hours after Cravath Swaine & Moore LLP announced associate bonuses in line with those offered last year, continuing a long tradition of BigLaw firms following Cravath's lead on compensation.
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After Merger, Troutman Pepper Locke Elects 20 New Partners
In its first partner class since the merger of Troutman Pepper Hamilton Sanders LLP and Locke Lord LLP at the beginning of the year, the newly combined Troutman Pepper Locke announced Tuesday it would be elevating 20 attorneys to the firm's partnership in January.
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Law Firms Being Tested With Associate Performance Reviews
Eighty-three percent of U.S. and Canadian associates receive a yearly annual review, but there is room for improvement in how law firms evaluate their attorneys' performance, according to a new study.
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NY AG James Blasts 'Outrageous Conduct' Behind Indictment
New York Attorney General Letitia A. James has told a Virginia federal court to dismiss the U.S. government's indictment of her, calling it "patently unconstitutional" and "outrageous conduct."
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Billable Hours Still Drive Atty Bonuses. Is Change Coming?
The primary factor determining whether a law firm associate receives a year-end bonus is not individual performance, firm performance, or firm citizenship. Instead, it is the number of billable hours they've logged, according to the results of a new survey from Law360 Pulse.
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Client Book Remains Key To Nonequity Partner Pay
The nonequity partner tier is expanding across law firms, but compensation within this group varies widely, ranging from associate-level pay to earnings on par with equity partners. A deciding factor in where they fall on the scale, experts say, is often who brings in the clients.
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A Deep Dive Into Law360 Pulse's Survey Of Law Firm Pay
Most lawyers say they’re satisfied with their compensation— but at firms that are open about pay, satisfaction nearly doubles. Explore our latest analysis of law firm compensation practices and what drives top talent.
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Judge Upholds NY Law Blocking ICE Courthouse Arrests
New York beat back a federal lawsuit challenging the state's policy barring immigration officials from arresting people near its courthouses, after a federal judge rejected the U.S. Department of Justice's preemption claims.
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Perkins Coie's Trump Fight Doesn't Scare Off UK Suitor
Perkins Coie LLP's ongoing fight with the Trump administration did not deter a proposed combination with British law firm Ashurst, signaling that the legal community is not worried about fallout from the president's suspension of the firm's security clearances.
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Davis Polk Hires Sports Leader In New York From Proskauer
Davis Polk & Wardwell LLP announced that its mergers and acquisitions group has added a former Proskauer Rose LLP attorney who will also lead the firm's sports practice.
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Shell Asks NY Court To Approve Challenge Of LNG Arbitration
Oil and gas giant Shell is urging a New York state court to vacate an international arbitration award issued to a liquefied natural gas firm, saying the arbitral hearing revealed that the American producer and exporter withheld key documents in the parties' fight over LNG cargo shipments.
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Women Joining Boards Dips As Transparency Plunges
Public reporting on the race and gender of board members is plummeting across corporate America, as the number of women directors starts to decline and racial diversity plateaus, according to a new report from The Conference Board.
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UK Firms Drive Transatlantic Appetite For M&A Dealmaking
The merger announced Monday between British legal giant Ashurst LLP and American law firm Perkins Coie LLP is the latest in a spate of deals driven, in part, by an appetite among global firms to gain a strong presence in the U.S.
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Fired Atty Says Debevoise Can't Force Arbitration Of ADA Suit
An attorney who accused Debevoise & Plimpton LLP of unlawfully refusing to rehire him because he took protected medical leave has urged a New York federal court not to dismiss his suit or send it before an arbitrator, arguing an arbitration provision in an earlier settlement does not apply to new claims.
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Ashurst, Perkins Coie To Form $2.7B Giant In US-UK Deal
The U.K.'s Ashurst LLP and U.S.-based Perkins Coie LLP said Monday that they have agreed to merge to form a new firm with combined revenue of $2.7 billion, the latest in a string of transatlantic law firm tie-ups.
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Law360 Pulse Spotlight On Mid-Law Work
Potter Anderson's representation of Pfizer in a suit against Novo Nordisk and Burr & Forman's work on a $500 million joint partnership lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Oct. 31 to Nov. 14
Expert Analysis
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What GCs Value Most: 7 Ways To Build Client Relationships
Today's general counsel expect outside lawyers to show interest, relevance and value long before there is a live matter to address, including by engaging with attorneys at every level of the company and dispensing free advice thoughtfully, says Andrew Dick at The L Suite.
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Series
Biz Development Tip Of The Month: Start Early In Your Career
Having the courage to embark on your legal business development strategy early in your career allows you to sooner reap the rewards of a strong network, which in turn can increase the momentum of referrals over the course of your career, says Kristin Housh at Sheppard Mullin.
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Enthusiasm Is Legal Leadership Differentiator In AI Era
As the legal profession navigates changes driven by artificial intelligence and broader pressures, leaders should consider behavioral research-backed strategies to translate enthusiasm into tangible results for team performance, say attorneys at King & Spalding.
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Weighing Opportunities, Risks Of PE Investment In Law Firms
Though law firms and private equity firms appear to be strange bedfellows, such combinations may offer opportunities for ailing midsize firms — which must be weighed against risks to culture, brand and growth prospects, say directors at FTI Consulting.
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3 Forces Reshaping The Legal Buyer-Seller Relationship
This year's Buying Legal Council Conference highlighted three emerging forces in how buyers and sellers operate in the legal ecosystem — artificial intelligence, data and preferred panels — and organizations would be well advised to combine them into an integrated framework for transparency, performance and collaboration, says Matthew Prinn at RFP Advisory Group.
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5 Steps For GCs To Drive Generative AI Experimentation
As legal departments face mounting pressure to do more with less, general counsel should lead a structured process for adopting generative artificial intelligence tools to transform productivity, manage risk and align with enterprise priorities, says Maesea McCalpin at Gartner.
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How Attys Can DIY Their Own System For Professional Growth
Amid law firm layoffs of business development staff, lawyers cannot depend solely on their firms to foster their professional growth, and must instead create their own initiatives for building community, says Lana Manganiello at Practice Growth Partner.
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The Augmented Lawyer: In-House, Outside Counsel AI Collabs
As artificial intelligence changes the dynamic between in-house and outside counsel, both internal and external legal teams must thoughtfully reimagine how to mutually leverage AI tools to collaborate and deliver successful outcomes, say Karineh Khachatourian at KXT Law and Diane Honda at Redis.
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Ask A Mentor: How Do I Adjust To In-House After BigLaw?
Sirisha Gummaregula at QuisLex offers advice on navigating the challenges that come with taking on an in-house counsel role after leaving law firm life, including learning your company's business goals and leading with empathy and collaboration.
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Adapting Legal Thought Leadership To An AI World
As potential clients with legal questions increasingly rely on summaries generated by artificial intelligence, attorneys must rethink their content strategy to make sure AI chatbots and search overviews cite their thought leadership, say Ioana Good and Adrien Maines at Promova and Nancy Myrland at Myrland Marketing.
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10 Practical Tips For Attorneys Navigating High-Profile Cases
Complex corporate litigation now often unfolds under the glare of a parallel trial in the court of public opinion, requiring attorneys to adopt a cohesive strategy for legal filings, leadership communications and narrative control, says Monica Smith at Integer PR.
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Series
Biz Development Tip Of The Month: Tailor Your Personal Style
In an industry where competition for clients is fierce, a thoughtful approach to personal style can give you the confidence to walk into any room and own it, the magnetism to make connections that matter, and the tools to highlight your deeper professional values, says Leslie Berkoff at Moritt Hock.
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What GCs Value Most: 7 Tips For Landing The Client Pitch
In today’s competitive legal market, successful attorneys treat the pitch process with general counsel like the beginning of a relationship, not a one-off sale — showing up with curiosity, commercial awareness and the ability to engage in a meaningful way from the start, says Andrew Dick at The L Suite.
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Making Legal Cents: Strategy That Stays In Motion
Instead of lurching between year-end strategic planning season and springtime panic mode, firms need a framework that helps them identify what clients and the market need throughout the year, and then actually adjust course, says Shireen Hilal at Maior Strategic Consulting.
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4 Tips For Attys To Turn An Interim Job Into A Long-Term Role
As some attorneys seek interim roles amid economic uncertainty, big-picture thinking and a few proactive steps can help to turn those short-term assignments into long-term positions, says Amy Vanderhoof at Major Lindsey.