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New York Pulse
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Morgan Lewis Matches Bonuses, Cahill Raises The Bar
Bonus announcements continued Thursday, with Morgan Lewis & Bockius LLP matching Milbank LLP's year-end and special cash bonuses, while Cahill Gordon & Reindel LLP upped the ante with higher special bonuses.
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Haynes Boone Promotes 15 In Latest Partner Class
Haynes and Boone LLP has promoted 15 of its attorneys across seven of its offices to partner effective Jan. 1, the firm announced Thursday.
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Combs Demands Court Inquiry Into Copied Jail Notes
Sean "Diddy" Combs urged a Manhattan federal judge to hold a special hearing and consider dismissing his sex-trafficking indictment after staff at the Metropolitan Detention Center photographed his allegedly privileged, handwritten notes during a sweep of the prison and sent them to prosecutors, who he says used the information to argue against bail.
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What's Next For The Global Legal Market In 2025?
While U.S.-based firms with an international footprint are pulling back from some locations, they may still consider building out a new, albeit smaller, footprint in other countries, particularly in the Middle East and South Asia.
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These Law Firms Are Law360 Pulse's Global Leaders
What does it mean to be a truly global legal powerhouse? The law firms spotlighted in our 2024 ranking are setting the standard for worldwide reach.
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Pryor Cashman Adds To Trusts And Estates Team In NY
Pryor Cashman LLP announced the latest addition to its trusts and estates practice on Wednesday, saying the former counsel with Patterson Belknap Webb & Tyler will enhance the team it has built over the past couple of years.
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'Twice The Pace': 2024 Was A Busy Year For Law Firms
Even as mergers and acquisitions activity has remained relatively "soft," large and midsize law firms have experienced a substantial increase in demand over the last year at twice the historic average rate of increase, according to the co-author of a Thursday report on U.S. law firm financial results.
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Withers IP Partners Hop To Sullivan & Worcester
Sullivan & Worcester LLP has said the Boston firm picked up a team of five intellectual property lawyers, including two partners, from Withers who have expertise in filing patents and working on deals for biotech startups.
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Senate Confirms Judges To NY's Central, Northern Districts
The Senate confirmed two judges on Wednesday for the Northern District of New York, one of whom is a former member of the U.S. House of Representatives.
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Lowenstein Sandler Adds Real Estate, Capital Markets Attys
Lowenstein Sandler LLP has hired partners for its business litigation and capital markets and securities teams in New York City, the firm announced Wednesday.
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Kramer Levin, Norton Rose To Match Milbank On Bonuses
Kramer Levin said its associates will receive year-end and special bonuses in line with those set by Milbank LLP ahead of its proposed merger with Herbert Smith Freehills LLP.
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Sterlington Adds Kenneth Starr Successor From Zeichner
Sterlington PLLC announced Wednesday the addition of Robert W. Ray, a former Zeichner Ellman & Krause LLP partner and independent counsel who succeeded Kenneth Starr, touting his connections to President-elect Donald Trump's prospective political appointees, including attorney general nominee Pam Bondi and deputy attorney general nominee Todd Blanche.
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Legal Chiefs Step Up When Their CEO Is Suddenly Killed
Legal experts Wednesday expressed their shock at the fatal shooting of UnitedHealthcare CEO Brian Thompson on a Midtown Manhattan street, calling it tragic and senseless, while offering their sympathies to his family and colleagues.
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Ex-Cleveland Clinic CLO Joins Recruiter BarkerGilmore
After a 30-year tenure as the top lawyer at Cleveland Clinic, the renowned hospital system's former chief legal officer has accepted an advisory and development coaching position at legal recruiter BarkerGilmore LLC, where he will focus on providing guidance to clients within the healthcare and nonprofit sectors.
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Cozen O'Connor Adds Condo, Co-Op Board Expert In NYC
Cozen O'Connor has added a real estate litigator from Tarter Krinsky & Drogin LLP as a New York City-based member of the firm's condominiums and cooperatives practice.
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Coinbase Says It Won't Use Firms That Hire Crypto Enforcers
Cryptocurrency exchange Coinbase made clear that it won't work with law firms that employ former U.S. Securities and Exchange Commission attorneys who led the charge on crypto enforcement suits, singling out Milbank LLP for its hiring of ex-SEC enforcement director Gurbir Grewal.
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UAW Organizers Strike Over Demands, Alleging Bad Faith
About 40 organizers with the United Auto Workers are striking over what they say is the international's bad faith at the bargaining table and its resistance to making contract organizers' jobs more secure.
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Trump Argues Immunity Extends To Local Prosecutions
President-elect Donald Trump told the New York state judge presiding over his hush money case that the criminal charges and guilty verdict should be thrown out, arguing in an expansive motion released Tuesday that allowing a local prosecution to proceed would upset the republic's balance of power.
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Fried Frank Adds Goodwin Procter Tax Pro As Partner In NY
Fried Frank Harris Shriver & Jacobson LLP announced Tuesday that a Goodwin Procter LLP tax and business law partner has joined the firm and will serve as a partner in Fried Frank's tax department in New York.
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Which GCs Sold Stock In November? Quest, Exelixis, More
Legal leaders at Quest Diagnostics, SS&C Technologies and Exelixis, among others, had plenty to be thankful for in November after making multimillion-dollar stock sales.
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Wilkinson Stekloff Exceeds BigLaw's Year-End Bonuses
Associates at trial boutique Wilkinson Stekloff will receive year-end bonuses as much as $57,500 higher than those given across BigLaw on top of special bonuses matching those offered by other firms, founding partners said Tuesday.
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Norton Rose Names US Corporate, M&A And Securities Head
Norton Rose Fulbright announced Tuesday that it has tapped a New York partner to co-lead its U.S. corporate, mergers and acquisitions, and securities team.
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Approach The Bench: Judge Tunheim Advises Other Jurists
For more than a decade, U.S. District Judge John Tunheim has counseled judges from other countries on quandaries jurists face internationally, from artificial intelligence to court administration to judicial independence.
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Vedder Price Adds Fund Finance Shareholder To NY Office
Vedder Price PC has expanded its East Coast finance practice by hiring a fund finance attorney in New York as a shareholder, the firm said Tuesday.
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OneTaste Execs Say Former Member's Journals Fabricated
Two former OneTaste executives facing forced labor conspiracy charges claim a former employee's journals were fabricated for a Netflix documentary about the sexual wellness company and were further edited by an FBI agent before being produced to the defense in discovery.
Expert Analysis
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10 Principles For Effective Partner Reward Systems
Several forces are reshaping partners’ expectations about profit-sharing, and as compensation structures evolve in response, firms should keep certain fundamentals in mind to build a successful partner reward system, say Michael Roch at MHPR Advisors and Ray D'Cruz at Performance Leader.
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Why Interdisciplinarity Is Key To Designing The Future Of Law
The legal profession faces challenges that urgently demand new solutions, and lawyers and firms can address this by leaning on other industries that have more experience practicing, teaching and incorporating innovation into their core business and service models, says Jennifer Leonard at the University of Pennsylvania.
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Incorporating ADA Guidance Into Lawyer Wellness Movement
The Americans with Disabilities Act and rules of professional conduct may help the legal profession promote lawyer well-being by focusing on mental conditions' actual impact, rather than on associated stereotypes, says Alex Long at the University of Tennessee College of Law.
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Series
Ask A Mentor: How Can New Partners Generate Business?
Christine Wong at MoFo discusses how newly elected partners can prioritize business development by creating a strategic plan with the firm's marketing team and strengthening relationships with professional and personal networks.
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9 Writing Tips From The Justices' Opinions Last Term
Hidden in the U.S. Supreme Court’s opinions from the last term are each justice’s talents for crafting choice turns of phrase, highlighting best practices for attorneys to jump-start their own writing, says Ross Guberman at BriefCatch.
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What Web3 Means For Lawyers' Ethical Duties
As law firms embrace Web3 technologies by accepting cryptocurrency as payment for legal fees, investing in metaverse departments and more, lawyers should remember their ethical duties to warn clients of the benefits and risks of technology in a murky regulatory environment, says Heidi Frostestad Kuehl at Northern Illinois University College of Law.
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NY's Cybersecurity CLE Rule Is A Sign Of Changing Times
New York's recently announced requirement that lawyers complete cybersecurity training as part of their continuing legal education is a reminder that securing client information is more complicated in an increasingly digital world, and that expectations around attorneys' technology competence are changing, says Jason Schwent at Clark Hill.
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Opinion
Law Firms Stressing Work-Life Balance Are Missing The Mark
Law firms struggling to attract and retain lawyers are institutionalizing work-life balance through hybrid work models, but such balance is elusive in a client services and tech-dependent world, underscoring the need for firms to instead aim for attorney empowerment and true balance within — not outside — the workplace, says Joe Pack at Pack Law.
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A Law Student's Guide To Thriving As A Summer Associate
Summer associates are expected to establish a favorable reputation and develop genuine relationships in a few short weeks, but several time management, attitude and communication principles can help them make the most of their time and secure an offer for a full-time position, says Joseph Marciano, who was a 2022 summer associate at Reed Smith.
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Burnout Prevention Requires Effort From Attys And Firms
To avoid physical and emotional exhaustion, attorneys must respect their own and their colleagues' personal and professional boundaries, but law firms must also play a role in discouraging burnout culture — especially if they are struggling with attorney retention, say attorneys at Lowenstein Sandler.
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How I Owned My Power As An Asian American Woman In Law
Gibson Dunn's Debra Yang shares the bumps in her journey to becoming the first female Asian American U.S. attorney, a state judge and a senior partner in BigLaw, and how other women can face their self-doubts and blaze their own trails to success amid systemic obstacles.
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Successful In-House Alt Legal Services Start With 4 Questions
Law firms that are considering creating an in-house alternative legal service provider should focus not on recapturing revenue otherwise lost to outside vendors, but instead consider how a captive ALSP will better fulfill the needs of their clients and partners, say Beatrice Seravello and Brad Blickstein at Baretz & Brunelle.
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3 Reasons To Embrace Jargon In Legal Marketing Content
Ignore what you've been told about jargon — adding insider industry terms to your firm's marketing and business development content can persuade potential clients that you have the specialized knowledge they can trust, says Wayne Pollock at Law Firm Editorial Service.
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Future Lawyers Expect DEI Commitments Beyond Recruiting
To attract future lawyers from diverse backgrounds, firms must think beyond recruiting efforts, because law students are looking for diversity, equity and inclusion initiatives that invest in employee professional development and engage with students year-round, says Lauren Jackson at Howard University School of Law.
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Series
Ask A Mentor: How Can Law Students Build Real-World Skills?
Allison Coffin at Akin Gump discusses how summer associates going back to school can continue to develop real-world lawyering skills by leveraging the numerous law school resources that support professional development both inside and outside the classroom.