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New York Pulse
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Shifting Market Winds Blew Kramer Levin To HSF Deal
In the span of four years, Kramer Levin co-managing partner Howard Spilko went from "very happy" with the firm's geographical footprint to announcing a combination with a more-than-2,000-lawyer global giant. Here, Law360 Pulse looks at the increasing headwinds for smaller law firms that led to that change in position.
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Law Firms Positioned To Finish 2024 On 'Very Strong' Note
The legal market is positioned to have a very strong year, with firms seeing increases in demand, revenue and attorney productivity during the first three quarters of 2024, according to the results of a survey by Citi Global Wealth at Work.
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Attorneys Gave To Eric Adams As Legal Woes Mounted
The legal industry continued a steady pace of donations to New York City Mayor Eric Adams even after prosecutors first publicly linked his campaign to illegal fundraising activity, giving nearly $200,000 in the months prior to his federal indictment this September, Law360 Pulse found.
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What's Next For Court Reform In This New Political Climate?
Advocates are not holding out hope for bills that would firm up a code of ethics for the U.S. Supreme Court, impose term limits on justices or give judiciary employees antidiscrimination job protections, saying Republican control of the federal government will likely stall any progress that's been made with court reform efforts.
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Cadwalader Brings New Partner To Corp. Team From Kirkland
Cadwalader Wickersham & Taft LLP announced Tuesday that it had hired an adviser to companies and private equity funds from Kirkland & Ellis LLP, touting her experience in complex business transactions.
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National Grid Atty Joins Barclay Damon's Energy Practice
Barclay Damon LLP has announced that a former in-house attorney at utility company National Grid joined the firm's New York office as a partner, saying his hire will help its efforts in the energy regulatory, compliance and litigation spaces.
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In-House Counsel Less Wary Of Making BigLaw Jump
While most in-house counsel aren't actively looking to shift to private practice, a survey out Tuesday found there may be an increasing openness to that career lane shift if certain conditions — such as better salaries, work-life balance, and firm culture — are met.
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Palin, NYT Set For April Retrial In Defamation Case
Sarah Palin's retrial against The New York Times over defamation claims will start April 14, a New York federal judge ruled Tuesday after calling the parties' requests for a July date "out of the question."
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Former FTX Top Atty Joins Lowenstein Sandler In NY
Lowenstein Sandler LLP announced Tuesday that the former general counsel at crypto exchange FTX will join the firm's New York office as a partner and chair of its new commodities, futures and derivatives practice group.
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Proskauer Brings On NY Corporate Duo From Ropes & Gray
Proskauer Rose LLP has added two new corporate lawyers to its New York office, saying the former Ropes & Gray LLP pair's experience with distressed and special situations will be an asset to Proskauer's mergers and acquisitions team.
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Law360 Names Attys Who Moved Up The Firm Ranks In Q3
A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the third quarter of the year.
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Goodwin Lands 2 Willkie Real Estate Finance Partners In NY
Goodwin Procter LLP announced Tuesday that it has added two partners from Willkie Farr & Gallagher LLP to join Goodwin's growing global real estate industry practice in New York.
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Trump's NY Case Paused As DA Weighs Impact Of Election
A New York state judge agreed to a joint motion to freeze the proceedings in Donald Trump's hush money case following his electoral victory last week, allowing the Manhattan district attorney time to brief the court on "appropriate steps going forward."
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BigLaw Bonus Season Starts With A Move By Milbank
Milbank LLP announced Monday that it will hand its associates year-end bonuses ranging from $15,000 to $115,000 depending on seniority, numbers that nearly align with bonuses the firm and its peers handed out last year.
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Herbert Smith Freehills To Merge With US-Based Kramer Levin
Herbert Smith Freehills LLP said Monday that it is joining forces with U.S. law firm Kramer Levin to form a global legal powerhouse in a move that could signal further consolidation in the sector.
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Combs Suggests $50M Bail As He Loses Bid For Gag Order
Sean "Diddy" Combs on Friday again asked a New York federal court to release him ahead of his trial, suggesting an updated, "far more robust" $50 million bail package the same day the court rejected the hip-hop mogul's push for a gag order forbidding his sexual assault accusers from speaking out.
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SDNY Judge To Assume Senior Status As Trump Takes Office
U.S. District Judge Valerie Caproni said Friday she plans to take senior status in January, a departure that could leave another vacancy for President-elect Donald Trump to fill on the Southern District of New York bench when he returns to office.
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Biden Announces SDNY Judicial Pick As Lame Duck Kicks Off
President Joe Biden announced judicial nominees for the Southern District of New York and the District Court of Guam on Friday night.
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DLA Piper's Performance Critique Is Bogus, Fired Atty Says
A former DLA Piper associate told a New York federal court that her pregnancy bias case against the firm should be heard by a jury, arguing the firm's assertion that she was fired for careless work is contradicted by bonuses she was given and a lack of disciplinary records.
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White & Case Adds Life Sciences IP Atty From A&O Shearman
A veteran life sciences patent litigator has jumped from Allen Overy Shearman Sterling to White & Case LLP in New York, expanding the firm’s capabilities to represent medical and pharmaceutical industry clients in complex litigation.
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Career Butler Snow Attorney Joins Holland & Knight In NYC
Holland & Knight LLP has hired a transactional attorney who focuses her practice on new markets tax credits and other financial matters, and who spent her entire career up to now with Butler Snow LLP, the firm announced Thursday.
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Cohen & Steers Names General Mills' GC To Its Board
Investment management company Cohen & Steers Inc. announced Friday that it has appointed General Mills' general counsel Karen Wilson Thissen to its board of directors.
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Law360's Legal Lions Of The Week
Wilson Sonsini Goodrich & Rosati PC and Potter Anderson & Corroon LLP lead this week's list of Law360 legal lions for helping a California biotech startup beat a nearly $460 million trade secrets trial before a federal jury in Delaware.
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Cozen O'Connor Vet Leader On Affinity Group, Military Service
Affinity groups have become one way for law firms to make sure diverse groups of lawyers in their organizations feel connected and supported. Cozen O' Connor is among the firms that provide a forum for attorneys with military service to link up with one another along with provide pro bono work to veterans dealing with legal issues such as benefits and disability compensation matters.
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Voir Dire: Law360 Pulse's Weekly Quiz
The legal industry had another action-packed week as BigLaw firms named new leaders and Donald Trump became president-elect. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Expert Analysis
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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.
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DoNotPay Cases Underscore Hurdles For AI-Fueled Legal Help
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.
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For The Future Of Legal Practice, Let's Learn From The Past
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.
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Why All Law Firms Should Foster Psychological Capital
Law firms will be able to reap great long-term benefits if they adopt strategies to nurture four critical components of their employees' psychological wellness and performance — hope, efficacy, resilience and optimism, says Dennis Stolle at the American Psychological Association.
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A GC's Guide To Litigation, Inspired By Sun Tzu's 'Art Of War'
With caseloads and spending increasing, in-house counsel might find themselves called to opine on the risks and benefits of litigation more often, and they should look at five Sun Tzu maxims from the ancient Chinese classic "The Art of War" to inform their approach to any suit, says Jeff Golimowski at Womble Bond.
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Mentorship Is Key To Diversity In The Legal Industry
Not only can effective mentorship have a profound impact on women and people of color entering the legal field, but it also benefits mentors and the legal profession as a whole, creating a true win-win situation for all involved, says Natasha Cortes at Grossman Roth.
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ChatGPT Is A Cool Trick, But AI Won't Replace Lawyers
Generative AI applications like ChatGPT are unlikely to ever replace attorneys for a variety of practical reasons — but given their practice-enhancing capabilities, lawyers who fail to leverage these tools may be rendered obsolete, says Eran Kahana at Maslon.
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Pro Bono Work Is Valuable In IP And Continued Learning
The U.S. Patent and Trademark Office's recent elimination of a rule that partially counted pro bono work toward continuing legal education highlights the importance of volunteer work in intellectual property practice and its ties to CLE, and puts a valuable tool for hands-on attorney education in the hands of the states, say Lisa Holubar and Ariel Katz at Irwin.
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Increasing Public Access To Legal Services: A Practical Plan
Recommendations recently issued by a special committee of the Florida Bar represent a realistic, pragmatic approach to increasing the accessibility and affordability of legal services, at a time when the disconnect between the legal profession and the public at large has widened considerably, says Gary Lesser, president of the Florida Bar.
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Priorities For Improving The Legal Industry In Texas
To assist Texas lawyers in effectively executing their duties, we should be working on succession planning, attorney wellness, and increasing understanding of the grievance system by both bar members and the public, says Laura Gibson, president of the State Bar of Texas.
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Leading Your Law Firm's Creation Of A New Practice Group
Marjorie Peerce and Peter Jaslow at Ballard Spahr discuss the challenges of building a new law firm practice group from the ground up, and how sustained commitment, communication and collaboration are the key ingredients for success.
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Series
Ask A Mentor: How Do I Relay Shortcomings To Associates?
Michael Cohen at Duane Morris discusses the best ways to articulate how an associate is not meeting expectations, and why documentation of performance management is crucial for their growth and protecting the firm from discrimination suits.
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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.