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McDermott Will & Schulte's confirmation that it is considering taking investment from private equity is part of a wider wave of law firms of all sizes actively exploring the novel maneuver amid mixed opinion as to whether it makes sense for BigLaw.
The U.S. Supreme Court took on four cases this week, mulling a prison inmate's forced haircut, immunity for a private prison operator accused of forced labor, and what can be considered when weighing a prisoner's compassionate release. Here, Law360 Pulse takes a data-driven dive into the week that was at the high court.
Two attorneys who both spent more than a decade each with Hogan Lovells working on deals and complex financial transactions have moved their practices to Mayer Brown LLP's Washington, D.C., office, the firm has said.
Charles Claypoole, an international arbitration partner at Latham & Watkins LLP whose successful representation of German bank UniCredit Bank GmbH set a new precedent for the jurisdiction of English courts over international disputes, has earned a spot as one of the 2025 Law360 International Arbitration MVPs.
Jeff Hammel of Latham & Watkins LLP's securities litigation practice won three cases in one day in March, notching a distinctive career milestone and earning a place among the 2025 Law360 Securities MVPs.
Jason C. Schwartz, co-chair of Gibson Dunn & Crutcher LLP's labor and employment practice, convinced Maryland's Supreme Court to create new case law in favor of his client Amazon clarifying the state's wage and hour statutes, earning him a spot as one of the 2025 Law360 Employment MVPs.
Pardis Zomorodi, partner at Latham & Watkins LLP's transactional tax practice in Los Angeles, has guided companies through the tax aspects of major complex transactions, including 2024's largest IPO and the high-profile merger between Skydance Media and Paramount Global, earning her a spot as one of the 2025 Law360 Tax MVPs.
Andrew Wirmani of Reese Marketos LLP's healthcare practice helped shepherd a record False Claims Act win against Janssen Products and secured a $100 million settlement with nursing home pharmacy services provider PharMerica, earning him a spot as one of the 2025 Law360 Healthcare MVPs.
Gilbert K.S. Liu, who helped plan Kramer Levin's merger with Herbert Smith Freehills, led a $498.5 million securitization of Tesla solar retail installment contracts and a $228.2 million securitization of Puerto Rico solar and energy storage loans, earning him a spot as one of the 2025 Law360 Complex Financial Instruments MVPs.
Ronit Berkovich of Weil Gotshal & Manges LLP's bankruptcy practice ascended to co-chair of her team and helped guide Avon Products through a roughly $1.3 billion Chapter 11 case to plan confirmation, earning her a spot as one of the 2025 Law360 Bankruptcy MVPs.
Longtime general counsel and law firm lawyers who walked away from stable jobs elsewhere in the law profession to lead legal functions at AI startups say they're excited by the chance to help set policy around innovation and continue to learn in an emerging space.
Sidley Austin LLP and Orrick Herrington & Sutcliffe LLP lead this week's edition of Law360 Legal Lions, after a Washington federal jury cleared Novo Nordisk of allegations that it defrauded the state's Medicaid and Medicare systems by paying kickbacks and promoting off-label use to illegally boost prescriptions of its hemophilia drug NovoSeven.
King & Spalding LLP and an attorney who complained that she didn't apply to a summer associate program as a straight, white woman because the firm sought diverse applicants have agreed to end her bias case, according to a filing in the Fourth Circuit.
An Oregon federal judge has decided not to sanction Buchalter PC and other counsel representing an environmental nonprofit in a trademark infringement dispute for submitting "hallucinated" case citations generated by an artificial intelligence tool, saying he is satisfied with "remedial actions" already done or to be taken.
After less than two weeks on the job, Laura Enderton-Speed, the California State Bar's new executive director, is already busy working to strengthen trust in the organization following the botched administration of the February bar exam.
Duane Morris LLP has hired a senior litigation counsel from the Consumer Financial Protection Bureau who for more than three years in the agency's enforcement division litigated matters related to mortgage fraud, small-dollar lending and a range of related matters.
As Thanksgiving — and bonus season — approaches, the lateral hiring market for BigLaw associates remains "very mixed," leading industry pundits to predict most law firms won't offer outsize bonuses this year.
The legal industry had another busy week with more lateral hires and leadership changes, and one BigLaw firm exploring private equity investments.
Weil Gotshal & Manges LLP, representing Steward Health Care in its Chapter 11 bankruptcy, and Akin Gump Strauss Hauer & Feld LLP, representing the hospital operator's committee of unsecured creditors, defended their respective professional fee requests that add up to over $304 million in response to Massachusetts' objections.
Jenner & Block LLP and its former client Sierra Leone have resolved their fight over unpaid legal fees and allegedly fraudulent overbilling in the nation's underlying dispute with its iron ore mining concessionaire Gerald International Ltd., according to a minute order issued Thursday in D.C. federal court.
Quarles & Brady LLP has appointed new chairs for three of its practice groups, announcing on Thursday new heads for its business law, labor & employment, and immigration & mobility practices.
Holland & Knight LLP has hired a former senior adviser for the U.S. Department of Education, who joined the firm in Washington, D.C., and will provide counsel to local governments on federal policy and funding matters.
Ropes & Gray LLP announced Thursday that an attorney who left its ranks a few years ago for private equity firm Advent International Corp. is set to return to the firm at the beginning of December as the co-leader of its global private capital transactions practice.
Withers has a new senior counsel who has handled record-setting private sales and helped to place works in iconic institutions including the Museum of Modern Art in New York, the Getty Museum in Los Angeles and the National Gallery in Washington, D.C., the firm announced Thursday.
Jennifer A. Riley of Duane Morris LLP helped Geico defeat conditional certification in a nationwide collective action, defended an industrial staffing company from California state law claims and helped several companies negotiate favorable settlements of wage and hour claims, earning her a spot as one of the 2025 Law360 Employment MVPs.
Instead of spending an entire semester on 19th century hunting rights, I wish law schools would facilitate honest discussions about what it’s like to navigate life as an attorney, woman and mother, and offer lessons on business marketing that transcend golf outings and social mixers, says Daphne Delvaux at Gruenberg Law.
Female lawyers belonging to minority groups continue to be paid less and promoted less than their male counterparts, so law firms and corporate legal departments must stop treating women as a monolithic group and create initiatives that address the unique barriers women of color face, say Daphne Turpin Forbes at Microsoft and Linda Chanow at the Institute for Inclusion in the Legal Profession.
Opinion
We Need More Professional Diversity In The Federal Judiciary
With the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?
Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Amid pandemic-era shifts in education, law schools and other stakeholders should consider the wide geographic and demographic reach of Juris Doctor programs with both online and in-person learning options, and educators should think through the various ways hybrid programs can be structured, says Stephen Burnett at All Campus.
BigLaw has the unique opportunity to hit refresh post-pandemic and enhance attorney satisfaction by adopting practices that smaller firms naturally employ — including work assignment policies that can provide junior attorneys steady professional development, says Michelle Genet Bernstein at Mark Migdal.
In order to attract and retain the rising millennial generation's star talent, law firms should break free of the annual review system and train lawyers of all seniority levels to solicit and share frequent and informal feedback, says Betsy Miller at Cohen Milstein.
Lawyers can take several steps to redress the lack of adequate LGBTQ representation on the bench and its devastating impact on litigants and counsel in the community, says Janice Grubin, co-chair of the Judiciary Committee at the LGBT Bar Association of Greater New York.
Krill Strategies’ Patrick Krill, who co-authored a new study that revealed alarming levels of stress, hazardous drinking and associated gender disparities among practicing attorneys, highlights how legal employers can confront the underlying risk factors as both warnings and opportunities in the post-COVID-19 era.
While international agreements for space law have remained relatively unchanged since their creation decades ago, the rapid pace of change in U.S. laws and policies is creating opportunities for both new and veteran lawyers looking to break into this exciting realm, in either the private sector or government, says Michael Dodge at the University of North Dakota.
Series
Ask A Mentor: What Makes A Successful Summer Associate?
Navigating a few densely packed weeks at a law firm can be daunting for summer associates, but those who are prepared to seize opportunities and not afraid to ask questions will be set up for success, says Julie Crisp at Latham.