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Large law firms have grown their non-equity partner tiers at a relatively rapid clip in recent years, with some implementing the position for the first time. For many firms, that means hard decisions around how they will trim the ranks and remain profitable are on the horizon.
Sullivan & Cromwell LLP and McGuireWoods LLP lead this week's edition of Law360 Legal Lions, after the Fourth Circuit reversed class certification in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet.
The legal industry marked another busy week with new insight into law school grads and expanded BigLaw firm offerings. Test your legal news savvy here with Law360 Pulse's weekly quiz.
A Pennsylvania state court judge has said Keller Postman LLC's "crusade" to remove him from presiding over several matters has ground to a halt the Zantac cancer mass tort in Philadelphia, leaving the plaintiffs' cases to "languish."
The Senate on Thursday voted 48-47 to confirm Judge Daniel Traynor of the District of North Dakota to the U.S. Court of Appeals for the Eighth Circuit and 49-44 to confirm Antonio M. Pozos, a partner at Faegre Drinker Biddle & Reath LLP, as a judge for the Eastern District of Pennsylvania.
Three class actions accusing Blank Rome LLP of alleged negligence from a data breach have been dismissed by the plaintiffs less than a month after the complaints were initially filed in Pennsylvania federal court.
Former McGuireWoods LLP Chairman Robert L. Burrus, who helped expand the firm's global footprint and launch its government relations arm, is being remembered as a fair, kind and brilliant leader whose recent death leaves a long-lasting legacy at the firm and his alma mater, the University of Richmond.
Attorneys representing the government could face "more demanding" obligations to disclose misconduct by people within their client organizations than attorneys representing private entities, according to an ethics opinion issued Wednesday by the American Bar Association.
A recent Second Circuit ruling in a data-tying case was invoked Wednesday to support a motion by more than a dozen state attorneys general opposing Live Nation's attempt to overturn a federal jury verdict against the company.
Nearly 12% of the class of 2024 have already left their first jobs at the top 50 firms, and Kirkland & Ellis LLP has taken in the most first-year laterals, according to new statistics from legal data company Firm Prospects LLC.
An attorney representing a mother in a contentious child custody dispute does not owe the father and his attorney more than $10,000 in fees, the Pennsylvania Supreme Court ruled Tuesday, finding the Superior Court misapplied a previous opinion.
A Saul Ewing LLP attorney should be disqualified from leading a whistleblower suit over a nurse's alleged diversion of prescription narcotics, as the former Heritage Valley Health System in western Pennsylvania said he was previously a member of its board of directors.
An attorney with more than 20 years of experience advising companies and entrepreneurs in emerging technology has recently moved his practice to Dentons Cohen & Grigsby's Pittsburgh office, the firm has announced.
A Pennsylvania federal judge on Tuesday appeared doubtful that Uber and FedEx engaged in anticompetitive conduct when they accused Philadelphia injury firm Simon & Simon of a medical records falsification scheme meant to boost injury claims, pointing out during a hearing that the companies and the firm operated different types of businesses.
U.S. business interests are turning to state legislatures to stymie litigation funders after a string of failed efforts in Congress, fueling a flurry of recent legislation that could shape the future of the multibillion-dollar industry.
Practice group leaders at the 50 largest law firms in the U.S. by revenue are increasingly on the move, with data showing lateral hiring rising substantially in the position over the last five years as law firms look to make good on their growth strategies via splashy additions.
An attorney specializing in counseling high net worth clients with estate and business succession planning has moved his practice to Holland & Knight LLP after practicing for five years at Faegre Drinker Biddle & Reath LLP.
K&L Gates LLP's former legal operations chief has left the firm to take on a similar role at Jackson Lewis PC, news that comes just days after a round of staff layoffs were confirmed at K&L Gates.
Eckert Seamans Cherin & Mellott LLC has appointed a Boston-based member as the vice chair of its mass tort litigation practice group, the firm said Monday.
A Pennsylvania hospital employee disclosed her diabetes too late and did not clearly ask for accommodation before she was fired for sleeping on the job, a Third Circuit panel ruled Monday, additionally sanctioning her attorney for filing a minor motion that possibly contained artificial intelligence hallucinations.
A dozen state attorneys general sued this week to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, the latest and largest example of states launching an enforcement action when the federal government chooses to go with a lighter touch.
The Third Circuit ruled Friday that the bankrupt city of Chester, Pennsylvania, gets to keep income from a casino, a trash incinerator and other sources that secured its debt, finding that its creditors' liens on the revenues did not survive Chester's Chapter 9 filing.
Chamberlain Hrdlicka's chief innovation officer and AI practice chair talks with Law360 Pulse about the firm's AI strategy and approach to using the technology.
Wiley Rein's work on a software company acquisition and Dilworth Paxson's representation of the city of Pittsburgh in an antitrust suit lead this edition of Law360 Pulse's Spotlight On Mid-Law Work, recapping the top matters for Mid-Law firms from July 3 to 17.
Hogan Lovells Cadwalader leads this week's edition of Law360 Legal Lions, after the Second Circuit determined that a lower court properly found that Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings.
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Generating Confidence In A Legal Nonprofit
I started LawWithoutWalls to change the way legal professionals see and think about their world, and it taught me the importance of giving people a reason to believe in your nonprofit mission, as well as how to achieve work-life integration, says Michele DeStefano at the University of Miami.
Nonequity partners report the lowest satisfaction, highest stress and poorest financial outlook of any group of lawyers, highlighting a growing structural disconnect that leaves attorneys at many firms feeling like the ladder has been pulled up behind those who already ascended, says Jake Carroll at Nelson Mullins.
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Building Brand Awareness For A Legal Nonprofit
I co-founded the Bridging the Gap Scholarship as a way to increase minority representation in BigLaw, and my advice for other legal professionals starting a nonprofit is to focus on building brand awareness early on, and to get comfortable delegating work to a dedicated team, says Imani Maatuka at Sidley.
Understanding where colleagues in other practice areas shine can help attorneys confidently cross-sell each other's services and bring in business to keep the firm afloat in hard times, says Joe Calve at Calve Communications.
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Biz Development Tip Of The Month: Advertise Ethically
Business development in the legal industry is about building authentic connections and showcasing expertise in a way that reflects reality, and, when done right, it can elevate a practice, establish credibility and bring in clients without risking an ethics violation, says Melody Jackson at Robinhood.
Molly Ranns at the State Bar of Michigan suggests five ways to smooth a colleague's return to practice after short-term mental health leave, while creating a firm culture that protects employees’ emotional health.
Amid a rapidly changing regulatory environment and a fierce market for talent, companies hoping to attract the best chief legal officers must have a strong grasp of their roles’ biggest selling points, and any roadblocks that may prevent them from recruiting the strongest choice, says Heather Fine at Major Lindsey.
As law firms increasingly use certain financial incentives to retain partners in a fierce lateral market, managing partners should consider the pros and cons of various deferred compensation schemes, says Tom Hanlon at Buchanan Law.
Many lawyers assume that becoming a rainmaker requires a significant investment of time and effort, but the truth is that building a consistent habit of business development can start with just 10 minutes of strategic outreach a day, says Paul Manuele at PR Manuele Consulting.
Certain law firm decisions — such as whether to challenge an executive order — cannot be crowdsourced, but leadership can collaboratively communicate these choices using strategies that build trust, reinforce values and preserve cohesion, says John Hellerman at Hellerman Communications.
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Biz Development Tip Of The Month: Create A Succession Plan
Conversations around retirement and succession can be understandably difficult, but when attorneys make a plan for the transition early and effectively, they have the opportunity to not only keep work but also increase it, says Jillian McKenna at Verrill Dana.
In recent years, top-tier law firms have pushed hourly rates to unprecedented heights, with some partners commanding $3,000 per hour — but this eye-popping number doesn’t tell the full story, as there are numerous caveats and rigorous winnowing along the way, says Christopher Seck at Squire Patton.
Law firms that successfully manage two-tiered partnership do so by creating a culture that treats everyone with respect and by establishing financial incentives outside their base compensation to reward performance, says Carol Morganstern at Major Lindsey.
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Biz Development Tip Of The Month: Leverage Your Atty Bio
If maintained properly, your firm bio can help attract potential clients and create authentic connections, so it's crucial to take steps to write an updated attorney profile that goes beyond a list of credentials, says Raychel Lean at Reputation Ink.
Eran Kahana at Maslon discusses how partners can encourage responsible use of artificial intelligence tools within their firms by learning to spot pitfalls common to AI-generated work product and championing firmwide procedures and trainings that address the risks of uncritically relying on this powerful but imperfect technology.