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New York Pulse
2 Attys Will Join Squire Patton Board To Help Steer Strategy
Hall Booth Opens Buffalo Office With Med Mal Partner
FisherBroyles Practice Leaders Depart To Launch Own Firm
Loeb & Loeb Corporate Co-Leaders Named Next Firm Chairs
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BigLaw Firms Are Focused On Growth Going Into 2024
A primary concern for large law firms for the next year is how to continue to get bigger, whether that's through lateral hiring or combinations, even as the geopolitical and macroeconomic environments remain volatile, according to a report released Wednesday.
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Trump's Broker & Club Member Touts Mar-A-Lago's $1B Value
A Florida real estate broker and member of Donald Trump's Mar-a-Lago club took the stand Tuesday in New York state court to defend the former president's valuation of the property, saying it was worth more than $1 billion based on his billions in sales experience and "gut" feelings.
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Macy's Recruits Ex-Hanes, Neiman Marcus Atty For CLO Role
A seasoned chief legal officer who has worked in-house for several well-known retail companies, including Hanes, Neiman Marcus and Levi Strauss & Co., is set to be the next top lawyer at Macy's, the department store chain said Tuesday.
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Seyfarth Adds Ex-Goldman Sachs Benefits Atty As Partner
Seyfarth Shaw LLP said Tuesday that it has added the longtime in-house legal chief over Goldman Sachs' executive compensation and employee benefit plans as a partner in the New York office.
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Trump, SBF Trials Spotlight Nonverbal Signaling, Prof Says
Recent trials involving Donald Trump and Sam Bankman-Fried — and even the much older O.J. Simpson trial — show clearly that savvy trial lawyers are wielding forms of nonverbal communication that aren't subject to ethics guidelines, an expert on the topic said Tuesday.
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Bonus Wave Continues As Ropes & Gray Expands Top Tier
The wave of bonus announcements continued Tuesday as several more law firms followed suit in matching the prevailing year-end bonuses and 2024 associate salaries set by Cravath Swaine & Moore LLP, with Ropes & Gray LLP topping the list by adding a tier for associates from the class of 2015 and earlier.
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Over 90 Law Firms Agree To Disability Inclusion Proposals
Diversity Lab, the company behind the Mansfield Rule certification — which aims to ensure more attorneys from historically underrepresented groups win leadership positions and consideration for development opportunities — is recommending 10 new actions that law firms and legal departments can take to promote inclusion for people with disabilities in the legal profession.
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Ulmer & Berne, Greensfelder Hemker To Create 275-Atty Firm
Mid-Law firms Ulmer & Berne LLP and Greensfelder Hemker & Gale PC voted on Tuesday to approve a merger of equals, which will form a firm dubbed UB Greensfelder with about 275 attorneys and over $150 million in total gross annual revenue when the merger is completed in 2024.
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Vice Media Promotes New GC In The Wake Of Ch. 11 Sale
Six months after onetime media giant Vice Media was sold to a group of financial investors amid a Chapter 11 case, the company has promoted a new general counsel from among its current legal team.
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Wilson Sonsini Promotions Up Slightly With 20 New Partners
Wilson Sonsini Goodrich & Rosati PC has elevated six women and 14 men to partner from its attorney roster effective Feb. 1, marking a small uptick from last year.
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Inside The Peaks And Valleys Of Law Firms' 2023 Performance
Many of us have seen the recent headlines that law firm net income was up around 3% year-over-year through the first nine months of 2023, but what do those numbers mean when you really break them down at the high and low end?
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COVERAGE RECAP: Day 40 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 40.
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Trump Seeks NY High Court Review Of Fraud Trial Gag Orders
Former President Donald Trump on Monday sought to have New York's highest court review his appeal of the reinstatement of gag orders in the civil fraud trial over the state's claims that he defrauded banks and insurers by falsely inflating his net worth.
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Ex-FBI Trainee Cops To Trading On Covington Insider Info
A former FBI trainee pled guilty in Manhattan federal court Monday to insider trading on a Merck & Co. acquisition after reading about the deal in the files of his then-girlfriend, an associate at Covington & Burling LLP.
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Goulston & Storrs Names New Co-Managing Director
Northeast firm Goulston & Storrs PC announced Monday that longtime co-managing director Martin M. Fantozzi will step down from his role in 2024, with estate planning director Michelle Porter set to be his successor.
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Boies Schiller, Clifford Chance Latest To Join Bonus Parade
Boies Schiller Flexner LLP and Clifford Chance LLP are among the latest firms to release their year-end bonus and 2024 salary figures, matching the prevailing scales set by Cravath Swaine & Moore LLP.
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COVERAGE RECAP: Day 39 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 39.
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How Trauma-Informed Lawyering Can Help Clients Heal
The story of an Olympic gymnast-turned-lawyer illustrates the emotional and psychological challenges that trauma survivors can face, how these challenges can play out in litigation, and how people who have experienced trauma can bounce back.
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Former Clerks Say Justice O'Connor Still Worth Emulating
BigLaw attorneys mentored by former U.S. Supreme Court Justice Sandra Day O'Connor, who died Friday after a lengthy battle with dementia, say she'll be remembered as an incisive jurist who always put facts and practical considerations above abstract ideological commitments, as well as a deeply gracious and down-to-earth woman who never let her dedication to the law overshadow her zest for life.
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Trump Gets More Experts In NY Fraud Trial, Can't Call Monitor
A New York judge on Friday allowed Donald Trump to call more experts in his civil fraud trial defense case, including a real estate broker friendly with the former president, but rejected Trump's attempt to put the court's independent monitor on the stand.
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2023 Associate Bonus And 2024 Salary Tracker
Large law firm associates are feeling the cheer this year with a round of both bonuses and base pay raises announced by market leaders starting in late November.
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Law360's Legal Lions Of The Week
Covington & Burling LLP and Davis Wright Tremaine LLP lead this week's edition of Law360 Legal Lions after a Montana federal judge granted TikTok and its users' bid to block a new law that would ban the Chinese social media app within the state's borders.
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Ex-NYC Atty Cops To Wire Fraud For Pilfering Client Funds
A disbarred New York attorney pled guilty Friday to a single count of wire fraud, admitting that he spent millions in client money intended for real estate deals on casino trips and business expenses.
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Blank Rome Will Promote 12 To Partner, Same As A Year Ago
A dozen Blank Rome LLP attorneys in five offices will be elevated to partner when the new year starts, matching the number of partner promotions the firm announced last year.
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More Firms Join Bonus Wave, Matching Cravath's Pay Scale
A handful more law firms, including Akin Gump Strauss Hauer & Feld LLP, Baker Botts LLP, Covington & Burling LLP, Debevoise & Plimpton LLP and O'Melveny & Myers LLP, have joined the bonus season as of Friday, matching the prevailing year-end bonuses and associate salary scale set by Cravath Swaine & Moore LLP.
Expert Analysis
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Ask A Mentor: How Can I Help Associates Turn Down Work?
Marina Portnova at Lowenstein Sandler discusses what partners can do to aid their associates in setting work-life boundaries, especially around after-hours assignment availability.
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How AI Legal Research Tools Are Shifting Law Firm Processes
Although artificial intelligence-powered legal research is ushering in a new era of legal practice that augments human expertise with data-driven insights, it is not without challenges involving privacy, ethics and more, so legal professionals should take steps to ensure AI becomes a reliable partner rather than a source of disruption, says Marly Broudie at SocialEyes Communications.
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Data Source Proliferation Is A Growing E-Discovery Challenge
With the increased usage of collaboration apps and generative artificial intelligence solutions, it's not only important for e-discovery teams to be able to account for hundreds of existing data types today, but they should also be able to add support for new data types quickly — even on the fly if needed, says Oliver Silva at Casepoint.
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Bracing For A Generative AI Revolution In Law
With many legal professionals starting to explore practical uses of generative artificial intelligence in areas such as research, discovery and legal document development, the fundamental principle of human oversight cannot be underscored enough for it to be successful, say Ty Dedmon at Bradley Arant and Paige Hunt at Lighthouse.
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Why I Use ChatGPT To Tell Me Things I Already Know
The legal profession is among the most hesitant to adopt ChatGPT because of its proclivity to provide false information as if it were true, but in a wide variety of situations, lawyers can still be aided by information that is only in the right ballpark, says Robert Plotkin at Blueshift IP.
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Ask A Mentor: How Can I Use Social Media Responsibly?
Leah Kelman at Herrick Feinstein discusses the importance of reasoned judgment and thoughtful process when it comes to newly admitted attorneys' social media use.
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Yada, Yada, Yada: The Magic Of 3 In Legal Writing
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Attorneys should take a cue from U.S. Supreme Court justices and boil their arguments down to three points in their legal briefs and oral advocacy, as the number three is significant in the way we process information, says Diana Simon at University of Arizona.
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How Firms Can Stop Playing Whack-A-Mole With Data Security
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In order to achieve a robust client data protection posture, law firms should focus on adopting a risk-based approach to security, which can be done by assessing gaps, using that data to gain leadership buy-in for the needed changes, and adopting a dynamic and layered approach, says John Smith at Conversant Group.
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5 Life Lessons From Making Partner As A Solo Parent
Laranda Walker at Susman Godfrey, who was raising two small children and working her way to partner when she suddenly lost her husband, shares what fighting to keep her career on track taught her about accepting help, balancing work and family, and discovering new reserves of inner strength.
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Ask A Mentor: How Can I Turn Deferral To My Advantage?
Diana Leiden at Winston & Strawn discusses how first-year associates whose law firm start dates have been deferred can use the downtime to hone their skills, help their communities, and focus on returning to BigLaw with valuable contacts and out-of-the-box insights.
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Resume Gaps Are No Longer Kryptonite To Your Legal Career
Female attorneys and others who pause their careers for a few years will find that gaps in work history are increasingly acceptable among legal employers, meaning with some networking, retraining and a few other strategies, lawyers can successfully reenter the workforce, says Jill Backer at Ave Maria School of Law.
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Law Firm Guardrails For Responsible Generative AI Use
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
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Opinion
We Must Continue DEI Efforts Despite High Court Headwinds
Though the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
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Law Firms Cannot Ignore Attorneys' Personal Cybersecurity
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
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Why Writing CLE Should Be Mandatory For Lawyers
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Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.