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Investment in AI, including building firm-specific proprietary tools, is the latest front among top law firms to gain and maintain elite status. Law360 spoke with legal industry leaders about how firms can embrace AI innovation to keep their competitive edge.
In the intense competition of the legal sphere, firms have to make a constant effort to stand out from the crowd. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction.
BigLaw's record-setting revenue streak shows no sign of slowing. Here, we highlight the firms that reported more than $1 billion in gross revenue in the latest year.
Lawyers convicted of felony "capping" — or illegally paying for client recruitment — in California will now face a $25,000 civil penalty and face disbarment under a bill signed Sunday by Gov. Gavin Newsom.
A California federal judge Monday refused to let intellectual property attorney Bill Ramey off the hook for paying Netflix's attorney fees, attributing nearly $1.4 million to the Houston-based attorney's misconduct, including the concealment of the fact that his client didn't own a patent they accused Netflix of infringing.
Camp Mystic is asking a Texas bankruptcy judge to reject a request by unsecured creditors to retain professionals but only pay them if the creditors choose to fight the bankrupt summer camp's proposed Chapter 11 liquidation plan.
A group of investors failed to show how a law firm and a securities attorney who gave legal assistance to the perpetrators of a carbon capture Ponzi scheme knew the fraudsters were breaking the law, the firm and the attorney have told a Texas federal court.
The administrator for construction startup Katerra Inc.'s Chapter 11 plan has told a Texas bankruptcy court he reached a $560,000 settlement with Jackson Walker LLP over the fees the firm was awarded in the case by a bankruptcy judge who was dating a Jackson Walker partner.
A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that more than $2.2 million had been transferred out of trust accounts in recent months.
A Pennsylvania federal judge found Monday that the insurer for a Morgan Lewis & Bockius LLP attorney abused its discretion when it terminated her long-term disability benefits after incorrectly applying criteria to evaluate her ability to return to work.
A Washington, D.C.-based think tank has named as its litigation chair an attorney who served in senior legal positions in the Trump administration, including as the chief of staff of the U.S. Department of Justice.
Burford Capital said it is entitled to $1.4 billion of last week's historic $5.7 billion patent infringement jury verdict against Apple, but the litigation funder cautioned Monday that the massive payday could still evaporate on appeal.
New York-based e-discovery services company Repario announced on Monday its acquisition of Kansas-based data and professional services company UnitedLex.
O'Melveny & Myers LLP has rehired a former partner who specializes in False Claims Act matters and recently spent more than two years with the U.S. Securities and Exchange Commission as an associate general counsel for oversight and investigations.
Jenner & Block LLP announced Monday that it has added New Jersey's first solicitor general to bolster its capacity to handle appellate matters, federal and multistate investigations, commercial disputes, and government and public policy matters.
Renter plaintiffs have told a Tennessee federal court to grant final approval for more than $359 million worth of settlements that aim to resolve their antitrust claims against multiple landlords accused of using property management software company RealPage Inc.'s revenue management software for rent price-fixing.
A woman who accused Jay-Z of rape and sparked a yearlong legal battle between the rapper and prominent Texas plaintiffs attorney Tony Buzbee has recanted her testimony and accused Buzbee of pursuing litigation on her behalf without her knowledge and without verifying her testimony.
Months before he left the U.S. Department of Justice's Antitrust Division, the agency's chief said that prospective job seekers no longer needed the substantial profile previously required to work for the agency, a change he cast as a positive for young attorneys.
A California attorney was barred from representing the plaintiffs in a Massachusetts insurance coverage dispute and ordered to pay legal costs of up to $10,000 to opposing counsel, after a federal judge found he relied on "inaccurate and fictitious" case cites and holdings in three filings.
Domino Foods is pushing back on an attempt to disqualify its counsel from Paul Weiss Rifkind Wharton & Garrison LLP in a sugar price-fixing multidistrict litigation, arguing Hershey, J.M. Smucker and other food makers filed the motion as a "strategic attempt to gain tactical advantage" at a critical point in the dispute.
Kabat Chapman & Ozmer LLP has added a Seyfarth Shaw LLP partner to its Atlanta office, strengthening its labor and employment practice with an attorney who has more than a decade of experience guiding companies on business litigation and Employee Retirement Income Security Act litigation.
The U.S. legal education system could soon be plunged into disarray, after politics seemed to overshadow substance during an unusual hearing this week on whether to revoke an American Bar Association council's federal status as the primary accreditor of law schools, experts told Law360 Pulse.
Holland & Knight LLP over the past year has ramped up a practice around a once-unusual proposition: that investors would take a stake in law firms' businesses.
GrayRobinson PA has expanded its labor and employment section in Orlando, Florida, with a former Spire Law PLLC attorney who focuses on employment and business litigation defense.
Tarter Krinsky & Drogin LLP maintained "intentional opacity" about a recently disclosed cybersecurity attack last year that may have compromised protected health information, a proposed class action alleged in New York federal court.
Instead of relying on abstract policies, firm leadership should develop concrete succession plans before rainmakers announce retirement that track which tasks intended successors are assuming, how the outgoing member is transferring their knowledge and whether clients are yet relying on the replacement, says Ronald Levine at Herrick Feinstein.
As generative artificial intelligence tools become embedded across the entire digital ecosystem, law firm leaders can build an enduring footprint with five factors that ensure their firms remain visible no matter how underlying models evolve, says Melanie Trudeau at Reputation Ink.
With firms increasingly offering the nonequity partnership tier, the position can become either a parking spot to help build a book of business or a permanent landing zone, and for those who want to become equity partners, business development matters more than ever, says Kate Reder Sheikh at Major Lindsey.
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RFP Reset: Focus On Execution, Not Just Expertise
Law firms that treat responses to requests for proposal as concrete evidence of staffing, budgeting, communication and project management discipline will be better positioned to win business from legal departments than firms that tout generic credentials alone, says LaResa Young at St. Jude Children's Research Hospital.
Lawyers can’t develop artificial intelligence fluency from continuing legal education courses, webinars or email updates, so firm leaders must foster conditions that are conducive to attorney learning if they want AI investments to deliver their promised return, says Adrienne Prentice at Keep Company.
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Biz Development Tip Of The Month: Harness Client Trust
Clients stay with counsel not simply because their lawyers follow the rules, but because they feel safe, respected and heard, making trust essential to business development, especially in high-stakes matters where reputational risk runs high, says Derrelle Janey at Olshan Frome.
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Legal Tech Talks: Summize GC On Operating Strategically
Lexi Lutz, general counsel of Summize, discusses how legal tech can make lawyers more proactive and less tied up in repetitive process work, so that they can spend more time acting as real business partners.
Junior lawyers can harness artificial intelligence to identify where they are gaining traction with clients and build a data-driven business development foundation long before conversations about partnership track begin, says Tigist Kassahun at Vinson & Elkins.
Section 4 of President Donald Trump's executive order promoting the advancement of artificial intelligence innovation and security establishes a federal baseline around AI agents, so general counsel cannot wait for enforcement to define the standard, says Camilo Artiga-Purcell at Kiteworks.
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RFP Reset: Standardize Pricing Requests
To keep up with rising legal costs amid an industry overhaul fueled by artificial intelligence, legal departments can make outside counsel requests for proposal more defensible and cost-effective by making pricing requests uniform, requiring comparable fee templates and evaluating staffing assumptions, says Colin Levy at Malbek.
The law firm marketing efforts with the best return on investment are things that actively provide value to potential clients: practical business guidance, uncluttered proposals that anticipate their questions and opportunities to participate in curated industry conversations, says Shireen Hilal at Maior Strategic Consulting.
To ensure continued success, law firm leaders helming their firms through the legal industry revolution should take inspiration from the Founding Fathers' bold decisions, such as James Madison's abandonment of the Articles of Confederation and George Washington's trust in junior officers', says Samuel Pond at Pond Lehocky.
The artificial intelligence conversation among law firm leaders has advanced from adoption to governance and business impact, but it hasn’t resolved who maintains ownership and operational responsibility, which should be determined by the range of functions that AI touches, says Jennifer Johnson at Calibrate.
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Biz Development Tip Of The Month: Practice AuthenticityAttorneys who demonstrate who they truly are and what they stand for by sharing the human impact of their results, earning the media's trust by providing accessible analysis, and providing hands-on aid to their communities can build stronger reputations than any advertising budget can buy, says Ray DeLorenzi at RebuttalPR.
Legal artificial intelligence is on a similar trajectory as the internet in the dot-com era, where several internet companies failed after the initial market frenzy, but even if AI company valuations take a hit and the industry goes through a major reordering, legal leaders should note that the technology itself remains genuinely transformational for the delivery of legal services, says Gabriel Buigas at Integreon.