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For decades, a handful of New York-based law firms thoroughly dominated the national consciousness when it came to power, profitability and prestige. But in today's legal market, increased movement of partners and clients from one firm to the next has begun to shake things up and create opportunities for go-getters to ascend the ranks.
As many BigLaw firms see their revenues climb ever higher, we highlight those that reported topping the billion-dollar mark in the most recent calendar year.
Clients flock to firms with prestigious reputations, and so does top talent. Here are this year's Law360 Pulse Prestige Leaders — the 100 firms the industry recognizes for their prominence, power and distinction
Snell & Wilmer LLP has moved its Denver office to a new location in the downtown central business district to better reflect Colorado's increasing prominence as a hub for venture capital investment, technological innovation and new-business development, the firm said.
Chuck Hodges, a tax partner with Jones Day, led a gravel company to victory in May at the U.S. Tax Court in a case regarding an $11.1 million sale of a freeway pit, helping him earn a spot as one of the 2024 Law360 Tax MVPs.
Jeroen van Kwawegen, head of Bernstein Litowitz Berger & Grossmann LLP's corporate governance practice, convinced a Delaware court to nullify Elon Musk's $55 billion Tesla compensation package and secured a historic $1 billion settlement for Wells Fargo investors, earning him a spot as one of the 2024 Law360 Securities MVPs.
Keller Rohrback LLP partner Gretchen Freeman Cappio helped consumers reach a $150 million deal over claims that Chevrolet Bolt cars made by General Motors LLC and LG units had battery defects that led to overheating and fires, earning her a spot as one of the Law360 2024 Product Liability MVPs.
A former Holland & Knight LLP partner asked a Pennsylvania federal judge Monday to toss a lawsuit alleging he unlawfully accessed a client's confidential documents in order to gain an upper hand in his contentious divorce, saying the "incendiary and defamatory" complaint is vague and fails to state viable claims.
Seton Hall University's former board chair on Monday sought to prevent the transfer of a whistleblower case from the school's former president out of New Jersey's Essex County state court due to a supposed conflict of interest, following a similar motion last week from the university itself.
A former Florida Bar president has been sued in state court by an ex-client who accused the attorney of legal malpractice in a divorce case, saying she breached her duty by dragging out the proceeding and causing damages stemming from a disagreement over a marital residence.
Craig Waldman of Simpson Thacher & Bartlett LLP helped secure a ruling of first impression on behalf of Bumble Inc. that enabled the company to fight off an investor suit challenging its unique voting structure, earning him a spot as one of the 2024 Law360 Securities MVPs.
Communications company WPP Group USA's vice president and counsel for the Americas rejoined Ogletree Deakins Nash Smoak & Stewart PC on Monday as a labor and employment shareholder, the firm said.
Sidley Austin LLP is boosting its Southern California litigation team, announcing Monday it is bringing in a Latham & Watkins LLP "bet-the-company" trial attorney as a partner in its Century City office in Los Angeles.
A D.C. Circuit panel questioned if a Black contract lawyer put enough detail in his discrimination lawsuit against Morrison Foerster LLP to merit its reopening, grappling Monday with whether he had provided enough information about the firm's treatment of white attorneys in similar roles.
Brian Krause of Paul Weiss Rifkind Wharton & Garrison LLP's tax practice designed a novel tax approach for the merger of World Wrestling Entertainment and Ultimate Fighting Championship, raced to create a tax-free deal in the final days of a Texas "wildcatter" hoping to sell his oil company, and advised Chevron in its $60 billion acquisition of Hess Corp., earning him a spot as one of the 2024 Law360 Tax MVPs.
Clifford Chance LLP is continuing its growth in New York, announcing on Monday the hiring of two former O'Melveny & Myers LLP attorneys to its private equity practice, as well as the firm's restructuring and insolvency group.
McGuireWoods LLP has added a digital health expert from Cooley LLP, aiming to boost its offerings for clients in the space combining healthcare services with information and communications technology, the firm announced Monday.
Steptoe LLP's Brian Heberlig got a British tech billionaire and former CEO acquitted of federal securities fraud charges involving billions of dollars, and pushed through profound personal tragedy to serve his clients' needs, earning him a spot as one of the 2024 Law360 White Collar MVPs.
Founding partner Chris Seeger of Seeger Weiss LLP helped win favorable outcomes in three high-profile mass tort cases, including a $6 billion global settlement to end sprawling litigation over allegedly defective 3M combat earplugs, earning him a spot among the 2024 Law360 Product Liability MVPs.
Kirkland & Ellis LLP is continuing the build-out of its structured finance and private credit practice, announcing on Saturday the lateral hiring of two partners in New York and London.
Joshua Zachariah of Goodwin Procter LLP's mergers and acquisitions practice led the team that advised Qualtrics in its $12.5 billion sale to private equity giant Silver Lake and is guiding Novo Holdings on its $16.5 billion merger agreement with Catalent, earning him a spot as one of the 2024 Law360 M&A MVPs.
Brooks Kushman PC shareholder Christopher Smith has won a series of Patent Trial and Appeal Board proceedings for Ford Motor Co. and helped the automaker cut a $105 million jury verdict down to $3, earning him a spot as one of Law360's 2024 Intellectual Property MVPs.
Latham & Watkins LLP's Amanda Reeves successfully defended a merger of major sugar manufacturers at the Third Circuit, navigated multibillion-dollar pharmaceutical deals through Federal Trade Commission scrutiny, and geared up for a significant FTC transaction challenge, carving out a spot as one of the Law360 2024 Competition MVPs.
Holland & Knight LLP announced last week the appointment of private wealth partner Joshua E. Husbands as executive partner of its Portland office.
Paul Hastings LLP said Monday that it has landed a top-tier, four-partner employment litigation team in New York from Baker McKenzie LLP to strengthen its East Coast practice.
ChatGPT and other generative artificial intelligence tools pose significant risks to the integrity of legal work, but the key for law firms is not to ban these tools, but to implement them responsibly and with appropriate safeguards, say Natalie Pierce and Stephanie Goutos at Gunderson Dettmer.
Opinion
We Must Continue DEI Efforts Despite High Court HeadwindsThough the U.S. Supreme Court recently struck down affirmative action in higher education, law firms and their clients must keep up the legal industry’s recent momentum advancing diversity, equity and inclusion in the profession in order to help achieve a just and prosperous society for all, says Angela Winfield at the Law School Admission Council.
Law firms that fail to consider their attorneys' online habits away from work are not using their best efforts to protect client information and are simplifying the job of plaintiffs attorneys in the case of a breach, say Mark Hurley and Carmine Cicalese at Digital Privacy and Protection.
Though effective writing is foundational to law, no state requires attorneys to take continuing legal education in this skill — something that must change if today's attorneys are to have the communication abilities they need to fulfill their professional and ethical duties to their clients, colleagues and courts, says Diana Simon at the University of Arizona.
In the most stressful times for attorneys, when several transactions for different partners and clients peak at the same time and the phone won’t stop buzzing, incremental lifestyle changes can truly make a difference, says Lindsey Hughes at Haynes Boone.
Series
Ask A Mentor: How Can I Support Gen Z Attorneys?Meredith Beuchaw at Lowenstein Sandler discusses how senior attorneys can assist the newest generation of attorneys by championing their pursuit of a healthy work-life balance and providing the hands-on mentorship opportunities they missed out on during the pandemic.
A recent data leak at Proskauer via a cloud data storage platform demonstrates key reasons why law firms must pay attention to data safeguarding, including the increasing frequency of cloud-based data breaches and the consequences of breaking client confidentiality, says Robert Kraczek at One Identity.
There are a few communication tips that law students in summer associate programs should consider to put themselves in the best possible position to receive an offer, and firms can also take steps to support those to whom they are unable to make an offer, says Amy Mattock at Georgetown University Law Center.
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.
Dealing with the pressures associated with law school can prove difficult for many future lawyers, but there are steps students can take to manage stress — and schools can help too, say Ryan Zajic and Dr. Janani Krishnaswami at UWorld.
Amid ongoing disagreements on whether states should mandate implicit bias training as part of attorneys' continuing legal education requirements, Stephanie Wilson at Reed Smith looks at how unconscious attitudes or stereotypes adversely affect legal practice, and whether mandatory training programs can help.
To become more effective advocates, lawyers need to rethink the ridiculous, convoluted language they use in correspondence and write letters in a clear, concise and direct manner, says legal writing instructor Stuart Teicher.
Series
Ask A Mentor: How Can I Negotiate My Separation Agreement?Kate Reder Sheikh at Major Lindsey discusses how a law firm associate can navigate being laid off, what to look for in a separation agreement and why to be upfront about it with prospective employers.
Recent legal challenges against DoNotPay’s "robot lawyer” application highlight pressing questions about the degree to which artificial intelligence can be used for legal tasks while remaining on the right side of both consumer protection laws and prohibitions against the unauthorized practice of law, says Kristen Niven at Frankfurt Kurnit.
At some level, every practicing lawyer is experiencing the ever-increasing speed of change — and while some practice management processes have gotten more efficient, other things about the legal profession were better before supposed improvements were made, says Jay Silberblatt, president of the Pennsylvania Bar Association.