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There are numerous rankings in today’s legal industry, and the ways law firms are measured against one another are countless, with diverse metrics ranging from profits to revenue to headcount. Here, 11 firm leaders share what success looks like to them.
Brownstein Hyatt Farber Schreck LLP announced that it is adding a real estate trio from Ervin Cohen & Jessup LLP, including the co-leader of the firm's real estate department.
The first full week of May saw news of BigLaw firm group launches, lateral moves and partner promotions. Test your legal news savvy here with Law360 Pulse's weekly quiz.
The owners of a New Jersey dispensary are asking a California federal court to disqualify Blank Rome LLP and its attorneys from representing a lender in a $1.6 million loan dispute, because the firm represented them as well and used confidential information in the lender's suit.
"AI native" law firms are a growing phenomenon sitting at the intersection of artificial intelligence and rising tide of outside investment in the legal industry, aiming to use legal technology to automate work and overhaul the law firm business model — while doing away with the billable hour in the process.
Three entertainment attorneys from Nixon Peabody LLP have moved their practice to Barnes & Thornburg LLP in Los Angeles and Nashville, Tennessee, the firm announced Thursday.
The executive vice president, general counsel and secretary of Williams-Sonoma Inc., earned nearly $4.2 million in total compensation last year, according to a securities filing.
A Los Angeles judge ruled at a Wednesday hearing that Jeffer Mangels Butler & Mitchell LLP can't arbitrate an ex-associate's lawsuit alleging she was harassed and fired due to her pregnancy, saying it "wasn't a hard call" because her sexual harassment claims are statutorily prohibited from being arbitrated.
Consumers want a California federal judge to go straight to trial over the amount of damages Google owes them for illegally monopolizing online search, arguing the company's violation of antitrust law "is now an undisputed fact as a matter of law."
DLA Piper announced Wednesday that 62 attorneys have joined its global partnership ranks, as of May 1, with the U.S. logging more promotions to partner than other regions, with 24 total.
April showered some legal chiefs with stock sale profits, and Keith Larson at Venture Global soaked up $13.9 million last month. Meanwhile, Paul Mahon at United Therapeutics wiped up $9.5 million, and Chevron's R. Hewitt Pate reported earning $8.57 on his sales.
California firm Jeffer Mangels & Mitchell LLP has announced an experienced Los Angeles-based attorney has joined the firm from Raines Feldman Littrell LLP as a partner and chair of its intellectual property and media practice.
Life sciences company Agilent Technologies Inc. has found a new top in-house attorney to lead its legal department after the recent resignation of its former chief legal officer.
The compensation of Workday Inc.'s legal chief declined for the second consecutive year to $7.8 million, according to a securities filing late Tuesday.
Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.
A law degree can lead to careers across law firms, government, business and public interest, according to the latest ABA data. See which schools stand out for placing graduates in BigLaw, federal and state clerkships, public interest roles and more.
Want to know which schools are sending the highest percentage of graduates to BigLaw? How big a slice are landing those prized clerkships in federal or state courts? Explore the ins and outs of law school graduate placement in our interactive graphic.
Law school students continue to set their sights on law firm jobs post-graduation, with interest in BigLaw roles holding strong. Here's a look at how those preferences are playing out and which schools are sending the highest percentage of graduates directly to BigLaw.
While rate increases are the primary driver of law firm revenue, legal leaders also fear those price hikes are leading to client churn, according to a report released Wednesday by marketing technology platform Passle.
Womble Bond Dickinson has hired a real estate and land use attorney with more than 50 years of experience as a partner for its real estate team in San Francisco, the firm announced Tuesday.
Very few federal judges have handled challenges to audiovisual evidence that litigants claim has been faked by artificial intelligence, raising questions about whether changes to the rules of evidence are actually necessary.
Norton Rose Fulbright announced Tuesday that the firm has grown its California and Illinois offices with a team of six litigation attorneys, including three partners, who were most recently with DLA Piper.
Wilson Sonsini Goodrich & Rosati PC announced Tuesday that the former vice president of legal at solar energy company Sunrun has joined the firm's San Francisco office as an energy and climate solutions partner.
Sunstone Hotel Investors Inc. announced the departure of its general counsel on May 5, saying that it is eliminating the position from its management structure amid a larger reshuffling.
Proskauer Rose LLP announced Tuesday that it has brought on a former Allen Overy Shearman Sterling LLP partner in its private funds group in Los Angeles.
“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 Connections
One 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 Month
This year, experts shared 12 actionable strategies on building business in today's competitive legal market, from prioritizing human connections to maximizing the impact of thought leadership.
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 Leader
Reid 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.
When crafting an appellate brief, the focus for most lawyers is the argument section, but other sections also offer strategic opportunities to shape the court's perception of the case and favorably frame the issues, say attorneys at Frost Brown.
Kate Driscoll at Morrison Foerster suggests six questions to help candidates evaluate whether a secondment will benefit their career.
Recent approaches to hiring chief marketing officers demonstrate how firms are reimagining their marketing and business development frameworks to stay competitive and responsive to evolving client needs, says Murray Coffey at M Coffey.