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BigLaw has ushered in another busy bonus season as law firms announce extra compensation for associates. Test your legal news savvy with a special Law360 Pulse quiz on what firms have announced so far.
When Cravath Swaine & Moore LLP matched Milbank's 2024 bonuses with its own, the storied New York firm did not hand associates a single lump sum with the total amount, but instead chose to separate out year-end bonuses from special bonuses.
Dechert LLP associates from the United States and Europe recently took part in an intensive, three-day program at the Wharton School of the University of Pennsylvania in Philadelphia. Here, Law360 Pulse speaks to Dechert’s co-chair and a firm associate on how the program helped bridge the gap between legal expertise and business acumen.
Principal Deputy U.S. Solicitor General Brian H. Fletcher is the legal equivalent of the coveted five-tool baseball player, who uses his unique intellect to dissect complex issues, quickly develop theories and arguments and level with skeptical U.S. Supreme Court justices, former colleagues and court watchers say.
UPDATED December 20, 2024 | As the year draws to a close, an increasing number of large and other elite law firms are falling in line with a bonus scale set by market leader Milbank LLP, which in many cases puts more money in the pockets of law firm associates than ever before.
Herbert Smith Freehills LLP will open an office in Luxembourg in 2025, bringing in three lawyers from A&O Shearman and Maples & Calder, ahead of its proposed merger with U.S. firm Kramer Levin later in the same year.
Simpson Thacher & Bartlett LLP said Wednesday that it has hired three funds partners for a new office in Luxembourg, which it plans to open in early 2025.
The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.
As aggressive oversight by lawmakers in recent years has helped grow practices dedicated to handling congressional investigations, attorneys told Law360 Pulse they foresee a continuing demand spike as the new Republican-controlled Congress works to advance President-elect Donald Trump's agenda.
Faegre Drinker Biddle & Reath LLP was hit with a disability discrimination lawsuit on Monday by a Denver attorney who says she was pushed out after seeking accommodations for hip problems.
Kirkland & Ellis LLP announced the latest of several recent additions to its debt finance group on Monday, a Ropes & Gray LLP partner with a host of multibillion-dollar deals under his belt.
Citi Global Wealth At Work has elevated several key employees to its leadership team to bring fresh thinking to Citi's broader business, including a new law firm group head and two regional managers, the company said in a Monday announcement.
Discovery and damages in a former Reed Smith LLP labor and employment attorney's suit claiming gender discrimination will be limited to the effective date of New Jersey equal pay law, a state judge ruled, saying the law doesn't apply retroactively.
Latham & Watkins LLP has expanded its offerings on the virtual work experience platform Forage to include a data and technology transactions course, marking the firm's 10th program on the platform.
A few years ago, when large law firm billing rates started to rise at an unprecedented pace, I remember many commentators said it couldn't last for long and that it was only a matter of time before client pushback would begin to swing the pendulum back in the other direction.
Ropes & Gray LLP has signed a new lease with RXR Realty for larger office space in midtown Manhattan due to substantial growth in New York, the firm announced Monday.
Vinson & Elkins LLP will exceed its partnership class from the prior year, announcing plans to promote 11 attorneys to partner and another 18 to counsel in 2025.
Crypto trading firm Swan Bitcoin hit Gibson Dunn & Crutcher LLP with a malpractice lawsuit in California court Friday, alleging Gibson Dunn dumped Swan "like the proverbial 'hot potato'" in underlying trade secret litigation and tried to take on Swan's rival as a client after a lateral hire created a conflict of interest.
The rate at which U.S. law firms are signing major office leases — those at or above 20,000 square feet — has surpassed pre-pandemic levels, according to new data released by Savills on Monday, showing that while activity is up, firms are divided on whether to expand, downsize or maintain their square footage.
Cadwalader Wickersham & Taft LLP said Monday that it was bolstering its compliance, investigations and enforcement team with the addition of a former U.S. Department of Justice prosecutor who most recently was a practice leader at Hughes Hubbard & Reed LLP.
Akin Gump Strauss Hauer & Feld LLP told Law360 Pulse on Monday it will pay associates and counsel year-end bonuses of between $15,000 and $115,000 and special bonuses of between $6,000 and $25,000, based on seniority, in February.
Fox Rothschild LLP has resolved a discrimination lawsuit with a former head of its corporate department who claimed he was pushed out of the firm after nearly three decades because of his age, according to a stipulation of dismissal filed Monday in New Jersey state court.
Pierson Ferdinand LLP expanded its litigation team in Philadelphia with the addition of an attorney having expertise in representing nursing home and assisted living facilities, the firm announced Monday.
Legal document automation company Clarilis has launched an automated document suite for early-stage venture capital transactions in the U.K. that was developed in partnership with its law firm client Addleshaw Goddard LLP, the company said Monday.
Several months after gaining a foothold in Dallas, King & Spalding LLP has set up shop in The Link at Uptown building, giving the firm a convenient location for its growing city roster — not to mention a short walk to Dallas Mavericks games at American Airlines Center.
Based on their own firm's experiences, Kami Quinn and Adam Farra at Gilbert discuss strategies and unique legal industry considerations for law firms planning hybrid models of remote and in-office work in a post-COVID marketplace.
Series
Ask A Mentor: How Can 1st-Year Attys Manage Remote Work?First-year associates can have a hard time building relationships with colleagues, setting boundaries and prioritizing work-life balance in a remote work environment, so they must be sure to lean on their firms' support systems and practice good time management, say Jenny Lee and Christopher Fernandez at Kirkland.
Attorney team leaders have a duty to attend to the mental well-being of their subordinates with intention, thought and candor — starting with ensuring their own mental health is in order, says Liam Montgomery at Williams & Connolly.
As law firms begin planning next year's summer associate events, they should carefully examine how choice of venue, activity, theme, attendees and formality can create feelings of exclusion for minority associates, and consider changing the status quo to create multiculturally inclusive events, says Sharon Jones at Jones Diversity.
Series
Ask A Mentor: How Do I Negotiate Long-Term Flex Work?Though the pandemic has shown the value of remote work, many firms are still reluctant to embrace flexible working arrangements when offices reopen, so attorneys should use several negotiating tactics to secure a long-term remote or hybrid work setup that also protects their potential for career advancement, says Elaine Spector at Harrity & Harrity.
Instead of spending an entire semester on 19th century hunting rights, I wish law schools would facilitate honest discussions about what it’s like to navigate life as an attorney, woman and mother, and offer lessons on business marketing that transcend golf outings and social mixers, says Daphne Delvaux at Gruenberg Law.
Female lawyers belonging to minority groups continue to be paid less and promoted less than their male counterparts, so law firms and corporate legal departments must stop treating women as a monolithic group and create initiatives that address the unique barriers women of color face, say Daphne Turpin Forbes at Microsoft and Linda Chanow at the Institute for Inclusion in the Legal Profession.
Opinion
We Need More Professional Diversity In The Federal JudiciaryWith the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Amid pandemic-era shifts in education, law schools and other stakeholders should consider the wide geographic and demographic reach of Juris Doctor programs with both online and in-person learning options, and educators should think through the various ways hybrid programs can be structured, says Stephen Burnett at All Campus.
BigLaw has the unique opportunity to hit refresh post-pandemic and enhance attorney satisfaction by adopting practices that smaller firms naturally employ — including work assignment policies that can provide junior attorneys steady professional development, says Michelle Genet Bernstein at Mark Migdal.