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Debevoise & Plimpton LLP has hired a team of secondaries lawyers from Goodwin Procter LLP, including a partner who will co-chair the firm's private fund transactions group.
As more law schools look to get ahead of the curve on artificial intelligence, the Sandra Day O'Connor College of Law at Arizona State University announced Monday that it has established an AI and Legal Tech Studio under the leadership of the University of Oklahoma College of Law's former director of Technology Innovation.
The law firm market has undergone unprecedented change in recent years, allowing for more upward mobility for some firms yet presenting risks for the longtime stalwarts of prestige. Here's how law firms navigate those shifting dynamics.
Check out our Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, attractiveness to attorneys and law students, ability to secure accolades and positive legal news media representation.
As BigLaw firms continue to post record-breaking revenues, we're highlighting the firms that reported more than $1 billion in gross revenue in the most recent calendar year.
Clients gravitate towards firms with sterling reputations, and so does exceptional legal talent. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction.
Evolving federal policies and the shifting geopolitical terrain under the Trump administration have underscored the need for companies to have a proactive government relationship strategy, which starts with forming a network in Washington, D.C., a group of attorneys said during a panel Monday.
Cleary Gottlieb Steen & Hamilton LLP has hired a new global funds group attorney in Washington, D.C., who is joining the team from Proskauer Rose LLP as retail and private investment markets continue evolving, the firm announced Monday.
Ropes & Gray LLP has announced that it will stick to its unique one-tier partnership structure and is promoting 21 attorneys from four offices to partner as of Nov. 1.
O'Melveny & Myers LLP has added an experienced corporate finance partner from Kirkland & Ellis LLP to its Singapore office, amid an expansion of the firm's finance capabilities in Asia.
Latham & Watkins LLP is expanding its corporate team, bringing in a Gibson Dunn & Crutcher LLP intellectual property transaction expert as a partner in its San Francisco Bay Area offices.
Paul Hastings LLP announced Tuesday that it has added a Houston-based energy deal lawyer from Baker Botts LLP, expanding the firm's transactional capabilities in the energy industry and strengthening its Texas platform.
A Miami luxury homebuilder is suing attorney Javier Lopez and his former firm Kozyak Tropin & Throckmorton PA for defamation, claiming he made false statements to the press and to third parties calling the homebuilder a criminal who was under FBI investigation.
While shifts this year in federal diversity, equity and inclusion guidelines may have changed the way corporate legal teams track and share demographic information — including for their external counsel — a panel of in-house attorneys who spoke Monday said their work on the issue continues.
Katten Muchin Rosenman LLP has promoted a longtime real estate finance attorney to be the new head of its Los Angeles office.
Paul Weiss Rifkind Wharton & Garrison LLP, whose attorneys have represented the National Football League and FIFA, and have helped lead multibillion-dollar transactions on the acquisition of sports teams and businesses, has launched a formalized sports practice, the firm announced Monday.
Reed Smith LLP announced Monday that it has expanded its Middle East operations by launching an office in Riyadh, Saudi Arabia, with the help of three new hires from local law firm Mahassni & Co.
Goodwin Procter LLP has elected private equity partner Joshua Klatzkin as the firm's next managing partner to take over next year from Mark Bettencourt, who has held the role since 2019, the firm announced Monday.
A transactional attorney who started her legal career at Squire Patton Boggs LLP more than 20 years ago has rejoined the firm as a San Francisco-based partner.
Kirkland & Ellis LLP announced Monday that it has rehired a prominent trial attorney from Latham & Watkins LLP, touting his record of securing 18 complete defense verdicts and more than $1.8 billion in damages for plaintiffs since 2017.
Venture capital firm TCV's vice president and associate general counsel has moved to Paul Hastings LLP as a technology-focused private equity partner.
This week across higher education, a legal tech company hopes to have more lawyers from Pacific Northwest legal deserts through a partnership with Seattle University, an artificial intelligence startup will offer its software to law students in South Carolina, Columbia University will name a newly renovated library after an alum who made a $15 million donation, and Cardozo School of Law will transform its clinic hub in Manhattan through a $6 million donation from a graduate.
A St. Louis federal court is weighing whether to sanction Liberty Mutual Personal Insurance Company's lawyers after they submitted a motion containing citation errors and then, after a warning, "somehow" submitted a second motion with the same types of mistakes.
Latham & Watkins LLP announced Friday that it will be adding three restructuring partners from Ropes & Gray LLP, including one who steered that firm's business restructuring practice.
The U.S. Supreme Court heard arguments in four cases during the holiday-shortened week, including a closely watched legal challenge involving redistricting that could spell doom for Section 2 of the Voting Rights Act. Here, Law360 Pulse takes a data-driven dive into the week that was at the Supreme Court.
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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Building Brand Awareness For A Legal Nonprofit
I 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 Ethically
Business 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 Plan
Conversations 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 Bio
If 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.