New York Pulse

Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd

By Gina Kim

A New York federal judge has given his preliminary blessing to a nearly $9 million settlement resolving a class action by Yieldstreet investors who accused the online platform of offering "risker-than-junk-bond investments" to the public that caused the plaintiffs to lose millions of dollars in defaulted loans.
Bannon Released From Prison As Election, NY Trial Loom

By Rachel Scharf

Former President Donald Trump ally Steve Bannon was released from federal prison Tuesday after serving a four-month sentence for contempt of Congress, a week before Election Day and a month and a half ahead of his next criminal trial in New York.
Share Of New Partners Who Are Women Decreased This Year

By Alison Knezevich

More than 80 major law firms had new partner classes in 2024 made up of at least 50% women, according to an analysis released Tuesday by a think tank focused on diversity and workplace flexibility. However, the analysis also found that the proportion of new U.S.-based partners who are women decreased.
Episcopal Church Pension Group Names New CLO

By Emily Sawicki

Church Pension Group, a financial services organization providing benefits, insurance and publishing for the Episcopal Church, has named a seasoned in-house attorney its next top lawyer, who brings with her nearly two decades of experience mostly focused on finance, corporate governance and compliance.
Experienced Financial Atty Named Wealth Manager's New GC

By Adrian Cruz

Focus Financial Partners Inc. announced that a longtime attorney at LPL Financial was named the New York-based wealth manager's general counsel as part of a series of leadership appointments.
Blood Cancer Org. Gives Interim GC Permanent Role

By Adrian Cruz

The Leukemia & Lymphoma Society announced Tuesday that the New York-based research nonprofit has promoted its interim general counsel and chief legal officer to the role on a permanent basis as part of a group of leadership appointments.
Akerman Hires 2 IP Partners From Kilpatrick In NYC

By Matt Perez

Akerman LLP announced Monday that two former partners at Kilpatrick Townsend & Stockton LLP are the latest additions to its intellectual property practice group in New York City.
Approach The Bench: Judge Rosenthal Praises Zoom Hearings

While U.S. District Judge Lee Rosenthal calls the pandemic a disaster that "discombobulated" the federal courts, she thinks there was also a silver lining to the experience.
How Certifications Became Ubiquitous For Privacy Attorneys

By Emma Cueto

As privacy has become a more prominent and popular practice area, many attorneys have turned to certifications offered by the International Association of Privacy Professionals to market their skills, with those in the field saying that the popularity is the result of privacy's rapid evolution and the ubiquity is unlikely to diminish.
Law Prof Calls Out Atty Fees, Workarounds In NAR Deal

By Nate Beck

A University at Buffalo Law School professor on Monday urged a federal judge to reject the National Association of Realtors' $1 billion settlement in an antitrust class action, arguing the deal only serves to enrich lawyers in the case while allowing an anticompetitive system to continue.
Becker Appoints 5 New Vice Chairs, Chief Business Officer

By Adrian Cruz

Becker & Poliakoff PC announced Monday that the Florida-based firm appointed four of its attorneys and a senior director as vice chairs of their respective practices, along with giving its chief strategy officer the additional role of chief business officer.
NY Firm Sued Over Botched $5M Art Collector Ch. 7 Dispute

By Rachel Rippetoe

A family enmeshed in New York's art world is suing their former attorneys in relation to a dismissed bankruptcy proceeding with an art collector over a breach of contract, alleging the attorneys' incompetence lost them $5 million when they moved the case from state court to a Chapter 7 bankruptcy filing.
Ozy Media CEO Wants Conviction Nixed Over Judge's Assets

By Jack Karp

The New York federal judge who presided over the fraud and identity theft trial of former Ozy Media CEO Carlos Watson should be disqualified from the case because he failed to disclose that he had investments in four of the companies victimized by Watson, according to the onetime executive, who is trying to get his conviction overturned.
Longtime New York Federal Judge John F. Keenan Dies At 94

By Andrea Keckley

U.S. District Judge John Fontaine Keenan of the Southern District of New York, a jurist of more than four decades who presided over major cases — like the litigation stemming from one of the world's deadliest industrial disasters in Bhopal, India, and the trial of former Filipino first lady Imelda Marcos — died on Sunday, according to a district source. He was 94.
MSG Entertainment's New Top Lawyer Saw Comp Eclipse $2M

By Sue Reisinger

The interwoven business holdings of New York's Dolan family made major securities filings last week revealing that Madison Square Garden Entertainment paid its new general counsel just over $2 million in total compensation in fiscal 2024, and that separate company Madison Square Garden Sports has hired a new top legal officer.
J. Crew Asks Court To Ratify Ex-GC's Arbitration Loss

By Rose Krebs

J. Crew is asking a New York federal judge to confirm an arbitrator's ruling from earlier this month that found it hadn't fired its former legal chief, Maria DiLorenzo, in retaliation for her complaints about colleagues' discriminatory comments about her hearing loss.
Simpson Thacher Taps Atty Duo As 1st Banking Team Leaders

By Emily Johnson

Simpson Thacher & Bartlett LLP has named two longtime New York City-based partners, including the co-head of its global banking and credit practice, as the first co-leaders of its global investment banking practice, the firm announced Monday.
Maynard Nexsen Creates Business Advisory Services Team

By Emma Cueto

Maynard Nexsen PC has launched a new business advisory service aimed at privately held and family-owned businesses that will help steer clients through succession planning, mergers, risk management and other needs from both a legal and business perspective, according to a Monday announcement.
King & Spalding Adds White & Case Antitrust Litigator In NY

By James Mills

King & Spalding LLP is expanding its business litigation team, announcing Monday it is bringing in a White & Case LLP litigator as a partner in its New York office to boost its antitrust capabilities.
Longtime A&E Atty Retires As Entertainment Co.'s CLO

By Adrian Cruz

A&E Networks announced Monday that its chief legal officer will retire after 11 years, with the company's deputy general counsel set to succeed him in February.
NJ Suspends Ex-Carter Ledyard Partner After NY Disbarment

By Emily Sawicki

The New Jersey Supreme Court has ordered the indefinite suspension of a former Carter Ledyard & Milburn LLP partner, two years after a New York state appeals court disbarred the lawyer for ignoring subpoenas and failing to cooperate in a fee investigation.
Kennedys' New Head Steps Up In 'Evolving' Insurance World

By Jake Maher

Meg Catalano, who was named Kennedys’ new global managing partner this week, joined Law360 Pulse to discuss her vision for the role and how the firm looks to stay on top of client needs in a volatile world under her leadership.
NYC Bar Rates 4 Sitting Judges 'Not Approved' For Reelection

By Frank G. Runyeon

The New York City Bar Association announced Friday that four sitting judges in state and city courts seeking reelection had failed to show the qualifications needed to perform their duties, a rebuke that hasn't been seen in recent years.
Judge Chides Bid To Swap Credit Suisse Suit's Lead Plaintiff

By Emilie Ruscoe

A New York federal judge has rejected an investor's bid to supersede the current lead plaintiff in a securities fraud suit over Credit Suisse's 2023 collapse, saying the petitioning investor had "jumped at the opportunity to sell out his fellow class members" with the replacement motion and criticizing his lawyer too.
National Footprints Scramble Partner Pay's Link To Location

By Jack Karp

Law firm partners' increasing pay often varies based on where those attorneys are located, a fact reinforced by a new study out Thursday, but experts say the relationship between compensation and location has become more complicated as more firms operate on a national scale.

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Expert Analysis

Ask A Mentor: How Can I Maximize My Pro Bono Impact?
Debbie Berman at Jenner & Block offers advice on how attorneys can make a meaningful impact on their communities through pro bono work while enhancing their professional development through strengthened client-facing skills, hands-on experience and more.
Opinion
Congress Can And Must Enact A Supreme Court Ethics Code
As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.
Series
My Nonpracticing Law Job: Law Firm Marketer
Liz Bard Lindley at Jaffe PR shares how she went from a family law associate who helped write industry articles to a savvy legal public relations and marketing professional, and offers takeaways for any attorney who might not feel at home in their law practice and is considering alternative career paths.
The Case For Keeping The Gas On Deputy GC Compensation
In recent years, the deputy general counsel role has expanded and become increasingly vital in organizations across the globe, and companies should consider a few ways to retain this top talent, including by offering competitive compensation that reflects projected increases, says Heather Fine at Major Lindsey.
Talking Mental Health: The View From Life After BigLaw
Life coach and author Wendy Tamis Robbins discusses why she left a career in BigLaw to work in the professional well-being space after finding freedom from anxiety, obsessive-compulsive disorder and substance use disorders, and highlights two changes the legal industry should implement to address attorneys' mental health.
6 Essential Skills For Summer Associates To Land An Offer
Excerpt from Practical Guidance

With full-time offer rates at the lowest point since 2012, summer associates must do all they can to distinguish themselves, starting with a few fundamentals — from the importance of asking clarifying questions to being honest about mistakes, says James Argionis at Cozen O'Connor.
Making Legal Cents: How Law Firms Can Innovate Faster
To meet the demands of an evolving legal market and changing client expectations, law firms must not only embrace innovation, but also find ways to accelerate adoption and mitigate risks in an industry historically resistant to change, says Shireen Hilal at Maior Strategic Consulting.
Ask A Mentor: How Should Departing Partners Approach Pay?
Sabina Lippman at CenterPeak discusses steps BigLaw partners can take when considering a move or announcing their departure to help navigate tricky compensation issues and remain on good terms with their current partners.
How 2 Litigators Decided Dad Would Stay Home With The Kids
Jennifer Hoekstra at Aylstock Witkin shares the tough conversations about timing, goals, logistics and values involved in her family's decision that she would build her career as a litigator and law firm partner while her husband stepped back from his own litigation role to stay home with their children.
Series
My Nonpracticing Law Job: Legal Commentary Ghostwriter
Wayne Pollock at Copo Strategies shares how he went from overworked Am Law 50 associate to owner of a legal thought leadership ghostwriting service, and provides four lessons for anyone who might be considering launching a business within the legal industry.
Ask A Mentor: As Trials Grow Rarer, How Do I Hone My Skills?
Gary Parsons at Brooks Pierce offers advice for young lawyers seeking trial experience in an environment where fewer cases make it to trial, including how to build their reputations, set their expectations and pick the right firm.
Talking Mental Health: Managing Depression As A Co. Founder
New Era ADR co-founder Collin Williams discusses his journey navigating a clinical depression diagnosis, how this experience affected his leadership style, and what the legal industry can do to better support attorneys with mental health conditions.
Series
My Nonpracticing Law Job: Career And Wellness Coach
Tara Rhoades at The Sanity Plea shares how she went from BigLaw partner to legal industry career and wellness coach, and explains how attorneys can use their capabilities, knowledge and professional networks to pursue coaching themselves, or bring refreshed meaning and purpose to their current roles.
Series
Talking Mental Health: Tackling Stress As A Practice Leader
Constance Rhebergen at Bracewell discusses how she handles the stress of being a practice chair, how sources of stress have changed in the legal industry over the past decade and what law firms can do to protect attorney mental health.
Making Legal Cents: Engaging A Remote, Evolving Workforce
In the face of a dispersed and changing workforce with Generation Z entering the scene, law firms should consider some practical strategies to revitalize their cultures, provide meaningful mentorship and safeguard their knowledge bases, says Shireen Hilal at Maior Strategic Consulting.