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The legal industry kicked off August with another action-packed week as law firms took on new attorneys and expanded their practices. Test your legal news savvy here with Law360 Pulse’s weekly quiz.
Higher tariffs are driving higher construction costs for law firm office build-outs and renovation projects, as firms look to improve the quality of the office experience rather than increase its footprint, according to a new report by CBRE.
Matthew Howell of Cozen O'Connor has been successful on bid protests, including a contract involving the Strategic National Stockpile and in helping clients navigate government regulations and reviews, earning him a spot among the government contracts attorneys under age 40 honored by Law360 as Rising Stars.
Rachel O'Brien of Ropes & Gray LLP advised Hamilton Lane on its largest fundraise ever, closing with $5.6 billion in tow, and helped The Vistria Group LP clinch $3 billion in investor commitments for its largest-ever private equity fund — earning O'Brien a spot among the fund formation lawyers under age 40 honored by Law360 as Rising Stars.
Laura Umbrecht Gulick of Goodwin Procter LLP advised Human Immunology Biosciences and Mariana Oncology in billion-dollar deals with Big Pharma last year, earning her a spot among the life sciences law practitioners under age 40 honored by Law360 as Rising Stars.
Katelyn Horne of Arnold & Porter Kaye Scholer LLP has represented Costa Rica, Peru and Colombia in a wide range of disputes, defending their rights to crack down on human rights abuses and money laundering, as well as their ability to protect the environment against powerful multinationals, earning her a spot among the international arbitration attorneys under age 40 honored by Law360 as Rising Stars.
Mary E. Grinman of Skadden Arps Slate Meagher & Flom LLP has defended several large employers in proposed class actions alleging retirement plan mismanagement, including Liberty Mutual and JPMorgan, earning her a spot among benefits practitioners under age 40 honored by Law360 as Rising Stars.
Soon after Rishi Satia moved back to the Bay Area after years in Washington, D.C., he began representing the companies he'd heard about growing up in Los Gatos, California. In the seven years he's worked for Morgan Lewis & Bockius LLP's antitrust practice, he's represented an array of clients fighting claims they've stifled competition — from tech giants like Google and Qualcomm to the governing body for U.S. cricket teams — earning him a spot among the competition law practitioners under age 40 honored by Law360 as Rising Stars.
A former team leader for the Federal Motor Carrier Safety Administration who worked with its passenger carrier division on issues involving commercial passenger vehicles like buses and motor coaches has joined Wilson Elser Moskowitz Edelman & Dicker LLP's Washington, D.C., office as an of counsel.
Milbank LLP has become the first BigLaw firm to announce summer bonuses this year, offering up to $25,000 for associates and counsel after smaller shops also unveiled midyear payouts.
Proskauer Rose LLP's chief information officer has moved to Hughes Hubbard & Reed LLP in the same role in New York City.
Haynes Boone has added a litigator previously with Winston & Strawn LLP who once headed the Internal Revenue Service's Criminal Investigation division as chair of its financial services investigations and enforcement practice in New York, the firm has announced.
International legal recruiting firm Major Lindsey & Africa has added as a managing director to its partner practice group in Houston a 40-year trial attorney who has practiced at Jackson Walker LLP, Winston & Strawn LLP, Morgan Lewis & Bockius LLP and Norton Rose Fulbright.
Womble Bond Dickinson has appointed a new London-based partner for its commercial disputes team, saying he will help strengthen the law firm's international arbitration practice following his move from Hill Dickinson LLP.
A Manhattan judge Wednesday threw out a former WilmerHale senior associate's lawsuit alleging he was unfairly evaluated and eventually fired because he is Black, finding that the complaint doesn't plausibly allege discriminatory comments were made about his race or that employees of other races were treated better.
In the last 50 years, U.S. Supreme Court clerkships have transmogrified from a simple secretarial job for enterprising young lawyers to the legal profession's ultimate status symbol, access to which is controlled by a tiny handful of "feeder judges" who serve as "hidden gatekeepers," according to a new study.
The former head of Sidley Austin LLP's white collar practice has come out of retirement to launch a nonprofit boutique filled with former federal prosecutors and BigLaw vets aiming to "defend the rule of law."
Harold C. Wegner, a retired Foley & Lardner LLP partner and educator described by peers as a patent law icon with a larger-than-life personality, has died. He was 82.
McDermott Will & Schulte is boosting its litigation team announcing Wednesday that a Mintz Levin Cohn Ferris Glovsky and Popeo PC cross-border asset recovery pro is joining its four-month-old San Diego office as a partner, the firm's first new partner hire since completing its merger last week.
Some firms feel secure from cybersecurity threats like ransomware, even though law firms remain prime targets for cyberattacks, according to a new report by cyber disaster recovery company Fenix24 and the International Legal Technology Association.
Frank Calvosa of Quinn Emanuel Urquhart & Sullivan LLP helped land a jury trial win for Jazz Pharmaceuticals that protected its $1.8 billion market share of a daytime sleepiness drug, earning him a spot among the life sciences law practitioners under age 40 honored by Law360 as Rising Stars.
Samuel Pape helped lead a Latham & Watkins LLP team that secured victory for the Republic of Colombia in three separate investment treaty arbitrations initiated by Canadian mining companies that were collectively seeking more than $1 billion, earning him a spot among the international arbitration attorneys under age 40 honored by Law360 as Rising Stars.
Ryan Wheeler of Cohen Milstein Sellers & Toll PLLC has recovered millions of dollars for his clients in benefits cases, like one claiming that Citgo shorted retirees in pension payments, and another saying that an Illinois casino used an employee stock ownership plan to craft a shady company sale, earning him a spot among the benefits law practitioners under age 40 honored by Law360 as Rising Stars.
Peter Jones of Sullivan & Cromwell LLP's recent work advising multiple high-profile clients on complex tech deals, which includes his work as co-lead counsel to Elon Musk in his $44 billion acquisition of Twitter, has earned him a spot among the technology lawyers under age 40 honored by Law360 as Rising Stars.
Michael Montalbano of Blank Rome LLP successfully defended his client's $45 billion U.S. Department of Energy contract at the Court of Federal Claims and fought back against a protester's attempt to unravel a Spanish client's naval contract awards at the Federal Circuit, earning him a spot among the government contracts law practitioners under age 40 honored by Law360 as Rising Stars.
To ensure that lateral partners effectively integrate their books of business, firms should design a structured transition plan based on a few fundamentals, from tracking the right data to implementing meaningful incentives, says Lana Manganiello at Practice Growth Partner.
As law firms continue to wrestle with return-to-office policies, many are being pulled toward one or the other of two extremes: the rigidity of a five-day in-office schedule and the laissez-faire approach of a flexible three-day hybrid model — but a four-day in-office workweek may be the sweet spot, says Paul Manuele at PR Manuele Consulting.
As the legal world increasingly adopts generative artificial intelligence, lawyers and firms must develop and utilize strong prompting skills, keep a pulse on forthcoming tech evolutions, and remain steadfast to ethical obligations, say Michele Carney at Carney & Marchi and Marty Robles-Avila at BAL.
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
Series
Biz Development Tip Of The Month: Prioritize ConnectionsOne reason business development in the legal industry seems so mysterious is because human relationships are so complex, but lawyers can reorient their thinking in two important ways to drive the process of connecting with new colleagues and contacts, say Jamie Lawless and Angela Quinn at Husch Blackwell.
Roundup
Biz Development Tip Of The MonthIn today's competitive legal market, attorneys must excel at business development in addition to the practice of law, despite a lack of business training in most law school curricula. In this Pulse Expert Analysis series, experts share real-world tips each month to help fill the learning gap.
Successful private equity exits with strong returns have solidified India's buyout market as an increasingly attractive destination for future investments, offering compelling reasons for the U.S. legal community to overcome its caution on the country's markets, says Vaishali Movva at Eimer Stahl.
While firms are busy allocating resources and assessing client demand, individual attorneys should use the start of the year to slow down and create a personal business plan, which can be accomplished with a few steps, say Elizabeth Gooch, Teri Robshaw and Chris Newman at McDermott.
Series
Talking Mental Health: Caring For Everyone As A Firm LeaderReid Phillips at Brooks Pierce discusses how he manages the pressure of running a law firm, how sources of stress in the legal industry have changed over the past decade, and what firm leaders should do to help manage burnout and mental health issues among employees.
LinkedIn has several features law firms can use to showcase their capabilities and thought leadership to reach prospective and existing clients, including the Event and Live features, says Sofia Millar at Reputation Ink.
Nikki Hurtado at The Ferraro Law Firm discusses what motivates her to represent victims of catastrophic injuries, how she copes with the emotional toll of such cases, and what other attorneys taking on similar cases can do to protect their mental well-being.
Law firms are expected to continue consolidating in the year to come, and because these mergers require a different kind of playbook, firm leaders must carefully consider office culture nuances, professional services economics and talent retention strategy before any merger, say directors at FTI Consulting.
In a market where clients have more options, tighter budgets and higher expectations, firms must figure out how to differentiate themselves without discounting their rates, and several practical strategies for pitching, pricing and early-engagement communication can help, says Shireen Hilal at Maior Strategic Consulting.
Law firm revenue cycles are becoming more complex and time-consuming, but hiring dedicated revenue cycle personnel can help streamline the process and reduce the burden on attorneys, says Christine Indiano at Harbor Global.
By initiating planning and processes to evaluate personal retirement goals and firm value early, longtime solo practitioners and small-firm owners can unlock a range of possibilities and potential buyers, setting up for a profitable exit and a rewarding transition, says Brent Daub at Gilson Daub.