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Delaware Pulse
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Law Firm Leaders' Minds Are On Profitability, Growth, AI
Balancing profitability, growth and the implementation of generative artificial intelligence are the top challenges and priorities on the minds of law firm leaders going into 2025, according to the results of a recent survey by public relations firm Greentarget.
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Attys For Organizations May Need To Clarify Roles, ABA Says
Lawyers advising organizations through nonclient constituents may be obligated to clear up any confusion about their role that may cause the constituents to mistakenly think they can rely on the lawyer's advice to avoid criminal or civil liability, the American Bar Association said in a formal opinion Wednesday.
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Chancery Awards $176M Atty Fee In Tesla Board Pay Suit
Delaware's chancellor approved on Wednesday a $176.16 million Tesla stockholder class attorney fee award to three firms for a settlement of an excessive director compensation suit that is expected to return $734 million to the company through a combination of director stock, option and cash givebacks.
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Ballard Spahr, Lane Powell Leaders On Post-Merger Plans
Ballard Spahr LLP officially merged with Lane Powell PC on Jan. 1, marking its entry into the Pacific Northwest. Law360 Pulse spoke with Peter Michaud, chair of the combined firm, and Barbara Duffy, former Lane Powell president, about their leadership priorities, integration strategies and growth plans.
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Law Firm Sought To Collect Expired Debts, 3rd Circ. Told
A New Jersey woman has urged the Third Circuit to revive her proposed class action against Garden State law firm Cohn Lifland Pearlman Herrmann & Knopf LLP over its debt collection practices, arguing a lower court was too loose with its standard for the timeliness of the two lawsuits involved.
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Approach The Bench: Justice Goodwin Liu On Oral Argument
When Goodwin Liu became a California Supreme Court justice in 2011, the constitutional law professor found the intellectual demands of judging similar to academia, but was surprised to learn that "the art of judging is much more practical than people think."
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Here's How Paul Hastings' Big Bet On Finance Paid Off
As the financial markets swayed between booms and busts in recent years following the waning of the COVID-19 pandemic, Paul Hastings LLP stayed the course, doubling down on its transactional practices by recruiting top-tier talent across key global markets like New York and London, and rising hubs such as Texas.
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Troutman Pepper Locke Leaders Define A Successful Merger
What makes for a successful law firm merger? It's more than headcount and profits, according to two leaders of the newly minted Troutman Pepper Locke LLP law firm, which was formed Jan. 2 by the combination of major U.S.-based law firms Troutman Pepper and Locke Lord.
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German Burford Funding Fight Belongs In Del., Court Hears
A German entity is fighting litigation funder Burford's efforts to force it to arbitrate a dispute over an allegedly fraudulent arbitration pact contained in a funding agreement for antitrust litigation, telling a Delaware federal judge on Friday that the feud belongs before him.
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Which GCs Sold Stock In Dec.? Robinhood, Alphabet, More
Legal leaders at tech and fintech companies like Robinhood, Alphabet, Coinbase and Meta enriched their holidays as each sold more than $2 million worth of stock in December.
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Law Firms Ended 2024 With 'Drastic' Drop In Lateral Hiring
Large law firms engaged in more lateral hiring in 2024 than the year before, but a strong start to the year fizzled out with a substantial dip in hiring across all job categories in the fourth quarter, according to new information from legal data company Firm Prospects LLC.
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Holland & Knight Matches BigLaw Bonuses In Major Markets
Holland & Knight LLP announced associates in major U.S. markets will receive year-end and special bonuses matching those given by other BigLaw firms, with attorneys working in regional offices making smaller figures, according to a report.
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Biden Honors Del. Jurist For Role In Brown V. Board Ruling
President Joe Biden issued a top civilian award, posthumously, to former Chancellor Collins J. Seitz of Delaware Chancery Court, father of the state's current chief justice, for his role in decisions woven into the U.S. Supreme Court's landmark 1954 Brown v. Board of Education ruling.
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Eckert Seamans Names First Chief Marketing Officer
Eckert Seamans Cherin & Mellott LLC announced on Thursday the appointment of Matthew T. Goffe, who joined the firm in 2022, to the role of chief marketing officer.
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The Top In-House Hires Of December
Legal department hires in the past month included high-profile appointments at Eaton Corp., Conde Nast, Constellation Energy Corp. and Turing. Here, Law360 Pulse looks at some of the top in-house announcements from the past few weeks.
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Chancery Recognizes Magistrate's Work With New Title
The Delaware Chancery Court's longest serving magistrate has been given a new title in recognition of her leadership and work handling administrative duties to help ensure the court's hectic caseload is managed.
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Rawle & Henderson Adds Atty In Del. From Zarwin Baum
Rawle & Henderson LLP has hired for its Delaware office an attorney who formerly worked at several other firms, including most recently at Zarwin Baum DeVito Kaplan Schaer Toddy PC, and who focuses his practice on liability, insurance coverage and other matters.
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Law Firm Real Estate Report
While for many the new year begins with resolutions to slim down, several firms across the U.S. have started 2025 either a little bit larger or with plans to get bigger.
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DLA Piper, More Boutiques Meet, Exceed Milbank Bonus Scale
Bonus news continued over the holiday week, with several law firms announcing they'll follow or exceed Milbank LLP's lead on 2024 associate bonuses, and others reversing their stance on special bonuses, according to memos shared with Law360 Pulse and media reports.
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After Busy 2024, Law Firms Eye More Mergers In Year Ahead
The popularity of U.S. law firm combinations surged in 2024, with announcements increasing by about a dozen year-over-year and approaching historic heights, according to data collected by Law360 Pulse, but law firm merger consultants say a robust pipeline of deal talks could mean a busier 2025.
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Chancery's Glasscock Slams Attacks On Judges As Exit Nears
As he prepared to end his lengthy tenure on the Delaware Chancery Court bench, Vice Chancellor Sam Glasscock III told Law360 Pulse recently it had been a joy to serve, while also expressing concern about an increasingly difficult environment judges have to navigate.
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Here's Where Mid-Law Leaders Will Be Focused In 2025
Mid-Law leaders entering 2025 say that they are optimistic about the new year but also focused on potential challenges, such as the rise of generative artificial intelligence tools, succession planning and ensuring that any growth they are experiencing is sustainable.
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Lit Finance Enters '25 On Solid Ground Amid Disclosure Push
The $15 billion U.S. litigation finance industry has come a long way in recent years, but demands for more transparency from pro-business groups and the defense bar could present a significant challenge in the year ahead.
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Fed. Court Reforms Face Long Odds Amid GOP Control In '25
Some modest reforms to the federal courts may be enacted in the coming years, but major changes championed by Democrats and judicial reform activists are likely "dead in the water" now that Republicans will be controlling Congress and the White House in 2025, reform advocates say.
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The Biggest Cases At State Supreme Courts In 2025
Abortion access, education funding and mandatory prison sentences are among the high-profile issues on state supreme courts' dockets in 2025, as attorneys and activists increasingly turn away from the U.S. Supreme Court and instead look to the states to protect certain constitutional rights, experts say.
Expert Analysis
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The Pursuit Of Wellness In BigLaw: Lessons From My Journey
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Jane Jeong at Cooley shares how grueling BigLaw schedules and her own perfectionism emotionally bankrupted her, and why attorneys struggling with burnout should consider making small changes to everyday habits.
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Why We Must Recruit And Advance More Black Prosecutors
Black Americans make up a disproportionate percentage of the incarcerated population but are underrepresented among elected prosecutors, so the legal community — from law schools to prosecutor offices — must commit to addressing these disappointing demographics, says Erika Gilliam-Booker at the National Black Prosecutors Association.
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Series
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Young lawyers overwhelmed with a crushing workload must tackle the problem on two fronts — learning how to say no, and understanding how to break down projects into manageable parts, says Jay Harrington at Harrington Communications.
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A Scientific Path For Improving Diversity At Law Firms
Law firms could combine industrial organizational psychology and machine learning to study prospective hires' analytical thinking, stress response and similar attributes — which could lead to recruiting from a more diverse candidate pool, say Ali Shahidi and Bess Sully at Sheppard Mullin.
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Series
Ask A Mentor: How Can Associates Seek More Assignments?.jpg)
In the first installment of Law360 Pulse's career advice guest column, Meela Gill at Weil offers insights on how associates can ask for meaningful work opportunities at their firms without sounding like they are begging.
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Legal Sector Regulatory Reform Is Key To Closing Justice Gap
In order to improve access to justice for those who cannot afford a lawyer, states should consider regulatory innovations, such as allowing new forms of law firm ownership and permitting nonlawyers to provide certain legal services, says Patricia Lee Refo, president of the American Bar Association.
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Opinion
High Court's Carney V. Adams Analysis On Standing Is Flawed
The U.S. Supreme Court’s recent ruling in Carney v. Adams that a Delaware lawyer lacked standing to challenge the state's rules on judiciary bipartisanship was based on an incorrect reading of the constitutional requisites for Article III standing, says Leland Ware at the University of Delaware.
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Opinion
Carney V. Adams Threatens Delaware's Balanced Judiciary
This week’s U.S. Supreme Court arguments in Carney v. Adams presented a strong challenge to Delaware’s bipartisan-judiciary requirement, but the tradition is critical to ensuring the state's courts remain free from partisan influence, says Rodney Smolla at the Widener University Delaware Law School.