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Even as the demand for legal services fell short of industry expectations, U.S. law firms entered 2025 on solid financial footing, with steady rate hikes fueling an 11.3% jump in first-quarter revenues, according to survey results released Tuesday by Wells Fargo Private Bank.
A New Jersey state court froze energy technology company Holtec International's suit accusing its former general counsel and its one-time chief financial officer of tricking the firm into paying $700,000 to a consulting entity the duo owned so that a similar suit in Ohio can be resolved first.
The longtime chief legal and compliance officer at RH, formerly Restoration Hardware, plans to step down for a similar job elsewhere, and the luxury home furnishings company is now searching for his replacement, according to a recent securities filing.
Legal services provider Axiom has launched a new service that allows in-house legal teams to find and onboard talent themselves quickly, according to a Tuesday announcement.
The top attorney for software company Palantir Technologies Inc. saw his compensation double to over $11.8 million last year, almost completely made up of stock awards, a recent securities filing shows.
Law360 Pulse asked respondents to our Lawyer Satisfaction Survey for their thoughts on misconceptions about being a lawyer, what the best parts of the job are and what they would tell newer lawyers. Here's what they said.
In 2025, even lawyers are feeling anxious about their bottom lines: Only 44% of attorneys described their financial stability as "excellent" in a recent Law360 Pulse survey.
In a time of rising uncertainty and stress, there are signs that spirits are sagging in the legal profession compared with recent years, according to a new Law360 Pulse survey.
Among law school applicants, women have far outpaced men over the past 10 years, yet the admission rate for men has remained higher, according to the nonprofit AccessLex Institute's Legal Education Data Deck released Tuesday.
Amanda Copsey, a longtime U.S. Department of Health and Human Services' Office of Inspector General attorney, has joined Baker Donelson Bearman Caldwell & Berkowitz PC as a shareholder in its Baltimore office, bringing nearly 20 years of experience in healthcare laws and regulations.
Delta's chief external affairs officer, who also serves as the airline's legal chief, received about $9 million in total compensation for 2024, down from the roughly $13 million he received in 2023, a public filing says.
Fordham University School of Law, in collaboration with DLA Piper, is launching an in-house counsel institute on Sept. 5, featuring weekly online classes and aimed at mid-career lawyers everywhere.
Kent Walker, president of global affairs and chief legal officer at Alphabet and Google, may have received the largest pay for an in-house lawyer in 2024, raking in nearly $30.2 million for the year, a recent securities filing showed.
The former general counsel to U.S. House Speaker Mike Johnson is joining Jenner & Block LLP to co-chair its congressional investigations practice, the firm said Monday.
AMC Networks Inc.'s general counsel received a $600,000 signing bonus when he joined the company in December to help offset his costs for leaving his prior job and for relocating his home, a Friday public filing says.
Philadelphia-based media giant Comcast's top attorney saw his compensation rise to $14.1 million in 2024, about $3 million more than the previous year, a securities filing Friday shows.
A former general counsel for Webster Bank received a four-year sentence behind bars after he pled guilty to embezzling $7.4 million. Meanwhile, regulators who oversee data privacy enforcement in California, Colorado and Oregon are pushing for companies to be more responsive and open to investigative inquiries. These are some of the stories in corporate legal news you may have missed in the past week.
The Atlanta Braves executive vice president and chief legal officer Gregory J. Heller earned almost $1.8 million in 2024, a new securities filing shows.
Earlier this month, Jacqueline Schafer, founder and CEO of Clearbrief, a generative artificial intelligence-powered legal drafting platform, returned to the American Bar Association Techshow startup pitch competition stage to sing a parody of "Defying Gravity" from "Wicked."
The chief legal officer and general counsel of Chipotle Mexican Grill Inc. received roughly $10.7 million in total compensation for 2024, according to a public filing from Friday.
IHeartMedia Inc., has found itself a new legal leader from Venu Sports, replacing its previous chief legal officer who left to join Comcast Corp. off-shoot SpinCo.
This was another action-packed week for the legal industry as attorneys took on new roles and BigLaw firms expanded their offerings. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A former Webster Bank general counsel and corporate secretary was sentenced Thursday to four years behind bars after pleading guilty to spending nearly eight years embezzling $7.4 million and funneling at least some of the money through his personal attorney trust accounts.
Newly launched Witt Lake Asset Management has found its legal leader in the longtime former general counsel for Syncora Holdings Ltd. and its subsidiaries.
In this era of economic volatility, most major companies are turning to their general counsel for a strategic response and are increasing their legal department budgets to do it, according to a global survey released Thursday.
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 PlanConversations 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 BioIf 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.
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Biz Development Tip Of The Month: Prioritize ConnectionsOne reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.