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Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.
A lender of the insolvent owner of the historic New York County Lawyers Association Building in Manhattan accused the owner of violating a Chapter 11 settlement and asked a New Jersey bankruptcy judge to reinstate its $29 million claim in full.
Large U.S. law firms started 2026 with a surge in lateral moves that boosted partner hiring to the highest level in six years, but softened on associate additions, according to new data from legal intelligence provider Firm Prospects.
Foley Hoag LLP announced on Wednesday that it had hired the former U.S. ambassador to Hungary as a partner at its New York office.
After joining Day Pitney LLP straight out of law school in 1987, Michael P. Byrne has been elected as the firm’s managing partner. Here, Byrne discusses his business goals for his first year on the job, the firm’s growth trajectory, and the importance of maintaining its culture.
McDermott Will & Schulte has grown its abilities at the intersection of sports, media, governance and high-stakes deals with the addition of the former longtime legal leader of the Professional Golfers' Association of America.
Katten Muchin Rosenman LLP has reached several key financial growth milestones in the less than two years since litigator and former federal prosecutor Gil Soffer became chair of the Chicago-headquartered firm, without jumping into the recent law firm merger frenzy.
Federal class action filings spiked in 2025 after nearly a decade of relative stability, fueled by a surge in consumer protection lawsuits tied to data breaches, digital commerce and online accessibility claims, according to a new report from Lex Machina.
U.S. Supreme Court Justice Sonia Sotomayor publicly apologized Wednesday for comments she made at a University of Kansas appearance earlier this month criticizing Justice Brett Kavanaugh.
Nadine Menendez urged a Manhattan federal judge to keep her free while she challenges her conviction, arguing that prosecutors deprived her of her constitutional right to the counsel of her choice.
The largest law firms continued to get the bulk of the work in 2025 despite having the most expensive rates, while mid-tier firms are grabbing a bigger piece of the action, according to a new report by LexisNexis CounselLink.
A Manhattan federal judge on Wednesday revived an effort by civil rights groups to block immigration courthouse arrests, citing what he called an apparently deceptive Trump administration move to disclaim its earlier litigation position.
Sidley Austin LLP announced Wednesday that it has hired another New York-based capital markets attorney from Cravath Swaine & Moore LLP, touting her history advising venture capital-backed companies, founders, investors and financial institutions on a range of corporate matters.
Hogan Lovells and Cadwalader said Wednesday that their partners have voted in favor of their merger ahead of the scheduled launch of the combined law firm on July 1.
Six years after the first #MeToo verdict against Harvey Weinstein, a New York state judge on Tuesday began picking a jury for the disgraced producer's third rape trial in Manhattan and ruling on what evidence would come in.
Mayer Brown LLP is focused on increasing artificial intelligence adoption among its attorneys and staff this year and has launched an AI literacy program to help achieve that goal.
Willkie Farr & Gallagher LLP announced Tuesday that it has achieved certification for its artificial intelligence management system under standards established by two Switzerland-based international bodies.
Constangy Brooks Smith & Prophete LLP has appointed five new members to its executive committee as its former members wrapped up their terms.
Holland & Knight LLP announced on Monday that it had hired a Katten Muchin Rosenman LLP partner who focuses on the Employee Retirement Income Security Act, employee benefits and executive compensation.
A longtime staff leader of the New York State Bar Association was officially named the new executive director after more than two decades with the organization, according to an announcement this week.
As law firm finance and operations teams focus on boosting efficiency by migrating to the cloud and using more artificial intelligence in processes, areas of friction still exist today.
A federal jury in Manhattan declined to award damages Monday to a former associate who says DLA Piper unlawfully fired her after she announced she was pregnant, absolving the BigLaw firm hours after tense closing arguments.
Cooley LLP has strengthened its private equity offering by adding Silver Lake's former legal director of fund formation as a New York-based partner, the firm announced Monday.
Weil Gotshal & Manges LLP announced two additions to its private funds platform on Monday, one from Kirkland & Ellis and the other from DLA Piper.
The former legal leader of Sirius XM Holdings Inc. earned about $6.2 million in his only year with the company before retiring, according to a recent securities filing.
Law firms will be able to reap great long-term benefits if they adopt strategies to nurture four critical components of their employees' psychological wellness and performance — hope, efficacy, resilience and optimism, says Dennis Stolle at the American Psychological Association.
With caseloads and spending increasing, in-house counsel might find themselves called to opine on the risks and benefits of litigation more often, and they should look at five Sun Tzu maxims from the ancient Chinese classic "The Art of War" to inform their approach to any suit, says Jeff Golimowski at Womble Bond.
Not only can effective mentorship have a profound impact on women and people of color entering the legal field, but it also benefits mentors and the legal profession as a whole, creating a true win-win situation for all involved, says Natasha Cortes at Grossman Roth.
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
Recommendations recently issued by a special committee of the Florida Bar represent a realistic, pragmatic approach to increasing the accessibility and affordability of legal services, at a time when the disconnect between the legal profession and the public at large has widened considerably, says Gary Lesser, president of the Florida Bar.
To assist Texas lawyers in effectively executing their duties, we should be working on succession planning, attorney wellness, and increasing understanding of the grievance system by both bar members and the public, says Laura Gibson, president of the State Bar of Texas.
Marjorie Peerce and Peter Jaslow at Ballard Spahr discuss the challenges of building a new law firm practice group from the ground up, and how sustained commitment, communication and collaboration are the key ingredients for success.
Series
Ask A Mentor: How Do I Relay Shortcomings To Associates?
Michael Cohen at Duane Morris discusses the best ways to articulate how an associate is not meeting expectations, and why documentation of performance management is crucial for their growth and protecting the firm from discrimination suits.
Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.
The legal profession faces challenges that urgently demand new solutions, and lawyers and firms can address this by leaning on other industries that have more experience practicing, teaching and incorporating innovation into their core business and service models, says Jennifer Leonard at the University of Pennsylvania.
The Americans with Disabilities Act and rules of professional conduct may help the legal profession promote lawyer well-being by focusing on mental conditions' actual impact, rather than on associated stereotypes, says Alex Long at the University of Tennessee College of Law.
Series
Ask A Mentor: How Can New Partners Generate Business?
Christine Wong at MoFo discusses how newly elected partners can prioritize business development by creating a strategic plan with the firm's marketing team and strengthening relationships with professional and personal networks.
Hidden in the U.S. Supreme Court’s opinions from the last term are each justice’s talents for crafting choice turns of phrase, highlighting best practices for attorneys to jump-start their own writing, says Ross Guberman at BriefCatch.
As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.