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Following the news Tuesday that Cravath Swaine & Moore LLP will pay associates year-end and special bonuses in line with those handed out by Milbank LLP this year, the firms' peers have begun to respond, with swift matches Wednesday by Paul Hastings LLP and McDermott Will & Emery LLP.
Longtime legal compensation leader Cravath Swaine & Moore LLP has reportedly announced year-end and special bonuses for its associates in line with those offered by peer law firm Milbank LLP over the summer and earlier this month.
Amid high demand, billing rates at U.S. law firms were up 9% during the first nine months of 2024 compared to this time last year, revealing the industry is on track to see strong year-end financial results, according to survey results released Tuesday by Wells Fargo Private Bank.
The leader of Tucker Arensberg PC's estates and trusts group has moved, along with a fellow attorney and a paralegal, to Eckert Seamans Cherin & Mellott LLC's office in Pittsburgh, the firm announced on Tuesday.
In-house counsel at Koch Inc. are partnering with Barnes & Thornburg LLP, the Stand Together Foundation and Villanova University's Charles Widger School of Law to offer law students the opportunity to work with attorneys on pro bono legal matters supporting nonprofit organizations.
An Allentown, Pennsylvania, law firm is asking a federal judge to dismiss a former paralegal's claim that the firm fired her due to her panic disorder, arguing that among other things, the paralegal failed to prove she has a legitimate disability recognized by law.
In a first-of-its-kind survey by the National Association of Women Lawyers, in-house female attorneys report finding their work-life balance, work substance and workplace culture superior to that of law firms.
The secret ingredient to opening a solo practice or small firm might be artificial intelligence, Chris Stock, a vice president at legal tech company Clio, said at the New York City Bar's Small Law Symposium last week.
A trio of Blank Rome LLP attorneys have asked a federal judge in Pennsylvania to bifurcate a lawsuit against them from another attorney alleging they facilitated a client's retaliation against her for switching to plaintiffs work, asking the judge to split punitive damages into a separate case.
The former president of a Western Pennsylvania optical technology manufacturer has recently returned to Sherrard German & Kelly PC's Pittsburgh office after leaving the firm nearly 10 years ago.
Polsinelli PC's first step into the Philadelphia market a few months ago has turned into a bigger footprint in the area, as the firm prepares to expand its office space there to accommodate its growing roster.
Women now make up the majority of law school graduates, law firm associates and lawyers in the federal government and will likely soon make up the majority of law school faculty, according to a report from the American Bar Association out Monday, however the proportion of women in certain positions of power within the profession continues to lag.
Pennsylvania Attorney General-elect Dave Sunday is likely to focus on cracking down on artificial-intelligence-related scams that prey on vulnerable populations, unwanted robocalls, and opioid makers, while being less inclined to hammer down on energy and fossil fuel companies, experts said.
At the New York City Bar's Small Law Symposium on Thursday, lawyers and a digital marketing expert broke down what attorneys looking to launch a law firm should be thinking about before launching a digital marketing campaign.
A report by the U.S. Government Accountability Office, publicly released Friday, has found that the judiciary's updated 2021 U.S. courts design guide would likely increase both the size and costs of federal courts.
Wiley Rein's work on a $5 billion telecommunications deal and Brownstein Hyatt's representation of a debt-collection trade group lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from Nov. 1 to 15.
Emails sent by a Wilson Sonsini Goodrich & Rosati attorney to employees of a Pittsburgh-area minor league baseball team he co-owns are not covered by attorney-client privilege and should be provided to Under Armour as part of discovery in an antitrust suit filed against the sports apparel giant, a Pennsylvania federal judge ruled this week.
Covington & Burling LLP leads this week's list of Law360 legal lions for helping Mark Zuckerberg beat multidistrict litigation claims alleging Meta concealed social media's risks to young users.
This was another action-packed week for the legal industry as President-elect Donald Trump announced key appointments and Milbank kicked off BigLaw bonus season. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The co-owner of an esports gaming platform has accused a Pierson Ferdinand attorney in Philadelphia, his firm and several other BigLaw shops where he has worked in recent years of assisting his former partner in a scheme to funnel millions of dollars out of the company they formed into new entities controlled by the ex-partner.
Philadelphia-based personal injury firm Kline & Specter PC and its namesake partners have been hit with another lawsuit filed by a former associate alleging mistreatment at the firm.
As the number of U.S. law firm combination announcements this year ticks up over 90 with the newly announced merger between Herbert Smith Freehills and Kramer Levin, these four leaders tell Law360 Pulse they have no interest in entertaining such talks.
The Pennsylvania attorney general's office defeated a former narcotics officer's suit claiming she was fired because she's a Puerto Rican woman, with a federal judge ruling Wednesday that no reasonable jury could find the agency's issues with her performance were cover for discrimination.
Rising billing rates have led a Philadelphia-based patent attorney with expertise in life sciences to move his practice to Offit Kurman PC's more affordable platform after nearly three years with DLA Piper.
Negotiations between a former Schnader Harrison Segal & Lewis LLP partner and the now-shuttered firm appear to have failed for now in the former partner's proposed Employee Retirement Income Security Act class action as the parties missed the deadline for a deal this week.
As junior associates increasingly report burnout, work-life conflict and loneliness during the pandemic, law firms should take tangible actions to reduce the stigma around seeking help, and to model desired well-being behaviors from the top down, say Stacey Whiteley at the New York State Bar Association and Robin Belleau at Kirkland.
As clients increasingly want law firms to serve as innovation platforms, firms must understand that there is no one-size-fits-all approach — the key is a nimble innovation function focused on listening and knowledge sharing, says Mark Brennan at Hogan Lovells.
In addition to establishing their brand from scratch, women who start their own law firms must overcome inherent bias against female lawyers and convince prospective clients to put aside big-firm preferences, says Joel Stern at the National Association of Minority and Women Owned Law Firms.
Jane Jeong at Cooley shares how grueling BigLaw schedules and her own perfectionism emotionally bankrupted her, and why attorneys struggling with burnout should consider making small changes to everyday habits.
Black Americans make up a disproportionate percentage of the incarcerated population but are underrepresented among elected prosecutors, so the legal community — from law schools to prosecutor offices — must commit to addressing these disappointing demographics, says Erika Gilliam-Booker at the National Black Prosecutors Association.
Series
Ask A Mentor: How Can Associates Deal With Overload?Young lawyers overwhelmed with a crushing workload must tackle the problem on two fronts — learning how to say no, and understanding how to break down projects into manageable parts, says Jay Harrington at Harrington Communications.
Law firms could combine industrial organizational psychology and machine learning to study prospective hires' analytical thinking, stress response and similar attributes — which could lead to recruiting from a more diverse candidate pool, say Ali Shahidi and Bess Sully at Sheppard Mullin.
Series
Ask A Mentor: How Can Associates Seek More Assignments?In the first installment of Law360 Pulse's career advice guest column, Meela Gill at Weil offers insights on how associates can ask for meaningful work opportunities at their firms without sounding like they are begging.
In order to improve access to justice for those who cannot afford a lawyer, states should consider regulatory innovations, such as allowing new forms of law firm ownership and permitting nonlawyers to provide certain legal services, says Patricia Lee Refo, president of the American Bar Association.
Guest Feature
5 Ways Firms Can Avoid Female Atty Exodus During PandemicThe pandemic's disproportionate impact on women presents law firms with a unique opportunity to devise innovative policies that will address the increasing home life demands female lawyers face and help retain them long after COVID-19 is over, say Roberta Liebenberg at Fine Kaplan and Stephanie Scharf at Scharf Banks.
With law schools forgoing traditional grading due to the pandemic, hiring firms that have heavily weighted first-year grades during the on-campus interview process should turn to metrics that allow a more holistic view of a candidate, says Kate Reder Sheikh at Major Lindsey.